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Galway Metals Piotroski F-Score

: 1 (As of Today)
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Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Galway Metals has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

OTCPK:GAYMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 7
Current: 1

1
7

During the past 9 years, the highest Piotroski F-Score of Galway Metals was 7. The lowest was 1. And the median was 2.


Galway Metals Piotroski F-Score Historical Data

The historical data trend for Galway Metals'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.

Galway Metals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 2.00 4.00 1.00 2.00

Galway Metals Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 2.00 2.00 2.00 2.00 1.00

Competitive Comparison

For the Gold subindustry, Galway Metals'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.

   

Galway Metals Piotroski F-Score Distribution

For the Metals & Mining industry and Basic Materials sector, Galway Metals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Galway Metals'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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was -1.989417989418 + -4.3219611210867 + -3.0439971358103 + -4.0998363338789 = $-13.46 Mil.
Cash Flow from Operations was -1.9349962207105 + -2.7472870637833 + -2.9580714456202 + -3.6432078559738 = $-11.28 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.00075585789871504 + -0.0015614021391209 + -0.0023868247275042 + -0.0024549918166939 = $-0.01 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(21.281729634002 + 20.942554799698 + 19.311421656648 + 27.525658365821 + 24.551554828151) / 5 = $22.72258386 Mil.
Total Assets at the begining of this year (Jun20) was $21.28 Mil.
Long-Term Debt & Capital Lease Obligation was $0.15 Mil.
Total Current Assets was $17.59 Mil.
Total Current Liabilities was $5.39 Mil.
Net Income was -1.0897968431387 + -1.6986863087554 + -1.3438395415473 + -1.3038665879575 = $-5.44 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(9.6568590563624 + 9.6019938071143 + 9.6385450679626 + 8.2987106017192 + 21.281729634002) / 5 = $11.69556763 Mil.
Total Assets at the begining of last year (Jun19) was $9.66 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $16.98 Mil.
Total Current Liabilities was $3.38 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.

Galway Metals's current Net Income (TTM) was -13.46. ==> Negative ==> Score 0.

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.

Galway Metals's current Cash Flow from Operations (TTM) was -11.28. ==> Negative ==> Score 0.

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 (Jun20)
=-13.455212580194/21.281729634002
=-0.63224244

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-5.4361892813989/9.6568590563624
=-0.56293555

Galway Metals's return on assets of this year was -0.63224244. Galway Metals's return on assets of last year was -0.56293555. ==> 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.

Galway Metals's current Net Income (TTM) was -13.46. Galway Metals's current Cash Flow from Operations (TTM) was -11.28. ==> -11.28 > -13.46 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=0.14648117839607/22.72258386
=0.0064465

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=0/11.69556763
=0

Galway Metals's gearing of this year was 0.0064465. Galway Metals's gearing of last year was 0. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=17.589198036007/5.3887070376432
=3.26408504

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=16.977567886659/3.3773612750885
=5.0268735

Galway Metals's current ratio of this year was 3.26408504. Galway Metals's current ratio of last year was 5.0268735. ==> 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.

Galway Metals's number of shares in issue this year was 168.216. Galway Metals's number of shares in issue last year was 127.943. ==> 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
=-0.0071590765820341/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Galway Metals's gross margin of this year was . Galway Metals's gross margin of last year was . ==> Last year's gross margin is higher ==> Score 0.

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 (Jun20)
=0/21.281729634002
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=0/9.6568590563624
=0

Galway Metals's asset turnover of this year was 0. Galway Metals's asset turnover of last year was 0. ==> 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
=0+0+0+1+0+0+0+0+0
=1

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

Galway Metals has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Galway Metals  (OTCPK:GAYMF) 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.


Galway Metals Piotroski F-Score Related Terms

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Galway Metals Business Description

Galway Metals logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 611
Traded in Other Exchanges
Address
82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.
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