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Capgemini SE Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Capgemini SE has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Capgemini SE's Piotroski F-Score or its related term are showing as below:

CGEMY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Capgemini SE was 9. The lowest was 4. And the median was 6.


Capgemini SE Piotroski F-Score Historical Data

The historical data trend for Capgemini SE's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Capgemini SE Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 7.00 8.00 6.00 6.00

Capgemini SE Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 - 6.00 - 6.00

Competitive Comparison

For the Information Technology Services subindustry, Capgemini SE's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Capgemini SE Piotroski F-Score Distribution

For the Software industry and Technology sector, Capgemini SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Capgemini SE's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was $1,307 Mil.
Cash Flow from Operations was $2,916 Mil.
Revenue was $20,520 Mil.
Gross Profit was $5,415 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was (26708.02919708 + 27155.93220339) / 2 = $26931.980700235 Mil.
Total Assets at the begining of this year (Dec20) was $26,708 Mil.
Long-Term Debt & Capital Lease Obligation was $8,227 Mil.
Total Current Assets was $10,168 Mil.
Total Current Liabilities was $7,364 Mil.
Net Income was $1,164 Mil.

Revenue was $19,280 Mil.
Gross Profit was $5,032 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was (20150 + 26708.02919708) / 2 = $23429.01459854 Mil.
Total Assets at the begining of last year (Dec19) was $20,150 Mil.
Long-Term Debt & Capital Lease Obligation was $9,499 Mil.
Total Current Assets was $9,536 Mil.
Total Current Liabilities was $7,269 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Capgemini SE's current Net Income (TTM) was 1,307. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Capgemini SE's current Cash Flow from Operations (TTM) was 2,916. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec20)
=1307.3446327684/26708.02919708
=0.0489495

ROA (Last Year)=Net Income/Total Assets (Dec19)
=1164.2335766423/20150
=0.05777834

Capgemini SE's return on assets of this year was 0.0489495. Capgemini SE's return on assets of last year was 0.05777834. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Capgemini SE's current Net Income (TTM) was 1,307. Capgemini SE's current Cash Flow from Operations (TTM) was 2,916. ==> 2,916 > 1,307 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=8227.1186440678/26931.980700235
=0.30547767

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=9498.7834549878/23429.01459854
=0.40542821

Capgemini SE's gearing of this year was 0.30547767. Capgemini SE's gearing of last year was 0.40542821. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec21)=Total Current Assets/Total Current Liabilities
=10168.361581921/7363.8418079096
=1.38085008

Current Ratio (Last Year: Dec20)=Total Current Assets/Total Current Liabilities
=9536.496350365/7268.8564476886
=1.31196653

Capgemini SE's current ratio of this year was 1.38085008. Capgemini SE's current ratio of last year was 1.31196653. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Capgemini SE's number of shares in issue this year was 869.495. Capgemini SE's number of shares in issue last year was 862.78. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5414.6892655367/20519.774011299
=0.26387665

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5031.6301703163/19279.805352798
=0.2609793

Capgemini SE's gross margin of this year was 0.26387665. Capgemini SE's gross margin of last year was 0.2609793. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec20)
=20519.774011299/26708.02919708
=0.76829982

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=19279.805352798/20150
=0.95681416

Capgemini SE's asset turnover of this year was 0.76829982. Capgemini SE's asset turnover of last year was 0.95681416. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+0+1+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Capgemini SE has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Capgemini SE  (OTCPK:CGEMY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Capgemini SE Piotroski F-Score Related Terms

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Capgemini SE Business Description

Capgemini SE logo
Address
11 rue de Tilsitt, Paris, FRA, 75017
Capgemini is a French IT services company with a global presence. The firm has over 450 offices globally, with more than half of its employees based in India. Capgemini provides services related to IT consulting, infrastructure management, and business process outsourcing.

Capgemini SE Headlines

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