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CVHSY (Cablevision Holding) Piotroski F-Score : 5 (As of Jul. 05, 2025)


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What is Cablevision Holding Piotroski F-Score?

The zones of discrimination were as such:

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

Cablevision Holding 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 Cablevision Holding's Piotroski F-Score or its related term are showing as below:

CVHSY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Cablevision Holding was 7. The lowest was 4. And the median was 5.


Cablevision Holding Piotroski F-Score Historical Data

The historical data trend for Cablevision Holding'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.

Cablevision Holding Piotroski F-Score Chart

Cablevision Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 5.00 6.00 4.00 4.00 6.00

Cablevision Holding Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial 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 6.00 6.00 N/A 6.00 5.00

Competitive Comparison of Cablevision Holding's Piotroski F-Score

For the Telecom Services subindustry, Cablevision Holding'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.


Cablevision Holding's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cablevision Holding's Piotroski F-Score distribution charts can be found below:

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


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 21.851 + -7.814 + 24.635 + 26.614 = $65 Mil.
Cash Flow from Operations was 68.382 + 157.794 + 328.409 + 255.876 = $810 Mil.
Revenue was 955.984 + 1034.341 + 1272.53 + 1278.898 = $4,542 Mil.
Gross Profit was 700.382 + 761.245 + 933.241 + 954.427 = $3,349 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(9677.382 + 10435.865 + 10734.702 + 10892.943 + 13179.606) / 5 = $10984.0996 Mil.
Total Assets at the begining of this year (Mar24) was $9,677 Mil.
Long-Term Debt & Capital Lease Obligation was $2,902 Mil.
Total Current Assets was $1,419 Mil.
Total Current Liabilities was $2,920 Mil.
Net Income was 31.363 + 100.592 + -871.889 + 484.053 = $-256 Mil.

Revenue was 3890.992 + 2943.9 + 3598 + 1265.792 = $11,699 Mil.
Gross Profit was 2801.092 + 2167.838 + 2628.471 + 920.202 = $8,518 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(10684.07 + 10563.317 + 0 + 33085.657 + 9677.382) / 5 = $16002.6065 Mil.
Total Assets at the begining of last year (Mar23) was $10,684 Mil.
Long-Term Debt & Capital Lease Obligation was $1,978 Mil.
Total Current Assets was $923 Mil.
Total Current Liabilities was $1,821 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.

Cablevision Holding's current Net Income (TTM) was 65. ==> 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.

Cablevision Holding's current Cash Flow from Operations (TTM) was 810. ==> 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 (Mar24)
=65.286/9677.382
=0.00674625

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-255.881/10684.07
=-0.02394977

Cablevision Holding's return on assets of this year was 0.00674625. Cablevision Holding's return on assets of last year was -0.02394977. ==> This year is higher. ==> Score 1.

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.

Cablevision Holding's current Net Income (TTM) was 65. Cablevision Holding's current Cash Flow from Operations (TTM) was 810. ==> 810 > 65 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2901.876/10984.0996
=0.26418879

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1977.783/16002.6065
=0.1235913

Cablevision Holding's gearing of this year was 0.26418879. Cablevision Holding's gearing of last year was 0.1235913. ==> Last year is lower than this year ==> Score 0.

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: Mar25)=Total Current Assets/Total Current Liabilities
=1418.502/2920.119
=0.48576856

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=923.408/1820.643
=0.50718785

Cablevision Holding's current ratio of this year was 0.48576856. Cablevision Holding's current ratio of last year was 0.50718785. ==> Last year's current ratio is higher ==> Score 0.

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.

Cablevision Holding's number of shares in issue this year was 180.643. Cablevision Holding's number of shares in issue last year was 180.643. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=3349.295/4541.753
=0.73744543

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8517.603/11698.684
=0.72808215

Cablevision Holding's gross margin of this year was 0.73744543. Cablevision Holding's gross margin of last year was 0.72808215. ==> 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 (Mar24)
=4541.753/9677.382
=0.46931629

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=11698.684/10684.07
=1.09496512

Cablevision Holding's asset turnover of this year was 0.46931629. Cablevision Holding's asset turnover of last year was 1.09496512. ==> 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+1+1+0+0+1+1+0
=6

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

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

Cablevision Holding  (OTCPK:CVHSY) 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.


Cablevision Holding Piotroski F-Score Related Terms

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Cablevision Holding Business Description

Traded in Other Exchanges
Address
Tacuari 1842, 4th Floor, Buenos Aires, ARG, 1842
Cablevision Holding SA is an investment holding company engaged in the development of infrastructure and delivery of convergent telecommunications services, focused on Argentina and the region. It operates through the following segment: Services rendered in Argentina, and Other abroad segments. The group focuses its investments in the telecommunications sector through the distribution of video, voice, and data. Its revenue is generated from fixed and mobile telephony, cable television and broadband operations.