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Mediaset Espana Comunicacion 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

Mediaset Espana Comunicacion 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 Mediaset Espana Comunicacion's Piotroski F-Score or its related term are showing as below:

OTCPK:GETVF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

4
8

During the past 13 years, the highest Piotroski F-Score of Mediaset Espana Comunicacion was 8. The lowest was 4. And the median was 6.


Mediaset Espana Comunicacion Piotroski F-Score Historical Data

The historical data trend for Mediaset Espana Comunicacion'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.

Mediaset Espana Comunicacion Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 8.00 4.00 5.00

Mediaset Espana Comunicacion Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21
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 4.00 6.00 5.00 5.00 6.00

Competitive Comparison

For the Broadcasting subindustry, Mediaset Espana Comunicacion'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.

   

Mediaset Espana Comunicacion Piotroski F-Score Distribution

For the Media - Diversified industry and Communication Services sector, Mediaset Espana Comunicacion's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mediaset Espana Comunicacion'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 (Sep21) TTM:Last Year (Jun20) TTM:
Net Income was 39.104829210836 + 91.886861313869 + 43.690476190476 + 33.882352941176 = $208.6 Mil.
Cash Flow from Operations was 60.796230859835 + 138.66545012165 + 139.52380952381 + 0 = $339.0 Mil.
Revenue was 202.0023557126 + 339.85766423358 + 218.92857142857 + 212.11764705882 = $972.9 Mil.
Gross Profit was 202.0023557126 + 339.85766423358 + 218.92857142857 + 212.11764705882 = $972.9 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Sep21) was
(1717.7488738739 + 1860.8951707892 + 2098.1861313869 + 2236.3095238095 + 1989.1764705882) / 5 = $1980.46323409 Mil.
Total Assets at the begining of this year (Jun20) was $1,717.7 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $538.0 Mil.
Total Current Liabilities was $244.1 Mil.
Net Income was 32.599118942731 + 60.792222222222 + 54.033149171271 + 23.753378378378 = $171.2 Mil.

Revenue was 196.25550660793 + 309.11222222222 + 253.9226519337 + 157.90990990991 = $917.2 Mil.
Gross Profit was 196.25550660793 + 309.11222222222 + 253.9226519337 + 157.90990990991 = $917.2 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(1294.2519774011 + 1284.5814977974 + 1581.2733333333 + 1653.7016574586 + 1717.7488738739) / 5 = $1506.31146797 Mil.
Total Assets at the begining of last year (Jun19) was $1,294.3 Mil.
Long-Term Debt & Capital Lease Obligation was $286.7 Mil.
Total Current Assets was $481.6 Mil.
Total Current Liabilities was $248.1 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.

Mediaset Espana Comunicacion's current Net Income (TTM) was 208.6. ==> 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.

Mediaset Espana Comunicacion's current Cash Flow from Operations (TTM) was 339.0. ==> 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 (Jun20)
=208.56451965636/1717.7488738739
=0.12141735

ROA (Last Year)=Net Income/Total Assets (Jun19)
=171.1778687146/1294.2519774011
=0.13226008

Mediaset Espana Comunicacion's return on assets of this year was 0.12141735. Mediaset Espana Comunicacion's return on assets of last year was 0.13226008. ==> 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.

Mediaset Espana Comunicacion's current Net Income (TTM) was 208.6. Mediaset Espana Comunicacion's current Cash Flow from Operations (TTM) was 339.0. ==> 339.0 > 208.6 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Sep21
=0/1980.46323409
=0

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=286.74887387387/1506.31146797
=0.19036493

Mediaset Espana Comunicacion's gearing of this year was 0. Mediaset Espana Comunicacion's gearing of last year was 0.19036493. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=538/244.11764705882
=2.20385542

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=481.625/248.05630630631
=1.94159547

Mediaset Espana Comunicacion's current ratio of this year was 2.20385542. Mediaset Espana Comunicacion's current ratio of last year was 1.94159547. ==> 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.

Mediaset Espana Comunicacion's number of shares in issue this year was 320. Mediaset Espana Comunicacion's number of shares in issue last year was 320.698. ==> 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
=972.90623843357/972.90623843357
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=917.20029067376/917.20029067376
=1

Mediaset Espana Comunicacion's gross margin of this year was 1. Mediaset Espana Comunicacion's gross margin of last year was 1. ==> 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)
=972.90623843357/1717.7488738739
=0.56638444

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=917.20029067376/1294.2519774011
=0.70867212

Mediaset Espana Comunicacion's asset turnover of this year was 0.56638444. Mediaset Espana Comunicacion's asset turnover of last year was 0.70867212. ==> 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+1+0+0
=6

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

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

Mediaset Espana Comunicacion  (OTCPK:GETVF) 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.


Mediaset Espana Comunicacion Piotroski F-Score Related Terms

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Mediaset Espana Comunicacion Business Description

Mediaset Espana Comunicacion logo
Traded in Other Exchanges
Address
Carretera de Fuencarral a Alcobendas No. 4, Madrid, ESP, 28049
Mediaset Espana Comunicacion SA is a broadcasting television company. The firm's operations include television networks and media production. Mediaset Espana provides a suite of channels that consist of both free TV as well as pay TV. The company also provides Internet video operations. Mediaset produces a number of television programs that are broadcast on its networks and exported abroad. Mediaset Espana generates the vast majority of its revenue in Spain from both advertising revenue and pay subscriptions.

Mediaset Espana Comunicacion Headlines

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