>
Switch to:

Great-West Lifeco Piotroski F-Score

: 7 (As of Today)
View and export this data going back to 2009. Start your Free Trial

Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

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

Great-West Lifeco has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

OTCPK:GWLIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

4
9

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


Great-West Lifeco Piotroski F-Score Historical Data

The historical data trend for Great-West Lifeco'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.

Great-West Lifeco 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 5.00 5.00 7.00 5.00 6.00

Great-West Lifeco Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 5.00 6.00 5.00 6.00 7.00

Competitive Comparison

For the Insurance - Life subindustry, Great-West Lifeco'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.

   

Great-West Lifeco Piotroski F-Score Distribution

For the Insurance industry and Financial Services sector, Great-West Lifeco's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Great-West Lifeco'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 (Sep20) TTM:
Net Income was 737.76251073464 + 588.75009945103 + 668.57610474632 + 714.22934259332 = $2,709 Mil.
Cash Flow from Operations was 1480.2092278866 + 1426.525578805 + 869.06710310966 + 4489.7798121695 = $8,266 Mil.
Revenue was 13167.304239207 + 9645.1587238444 + 14714.402618658 + 13754.241969852 = $51,281 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(358077.85336357 + 468803.18526036 + 471603.94621688 + 494415.71194763 + 485330.28174572) / 5 = $455646.19570683 Mil.
Total Assets at the begining of this year (Sep20) was $358,078 Mil.
Long-Term Debt & Capital Lease Obligation was $6,924 Mil.
Total Assets was $485,330 Mil.
Total Liabilities was $461,471 Mil.
Net Income was 414.61006910168 + 268.62464183381 + 661.89492325856 + 649.28193499622 = $1,994 Mil.

Revenue was 8116.7894297213 + 7358.88252149 + 14543.978748524 + 10386.243386243 = $40,406 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(337305.33947587 + 342597.76748424 + 312967.76504298 + 337954.54545455 + 358077.85336357) / 5 = $337780.65416424 Mil.
Total Assets at the begining of last year (Sep19) was $337,305 Mil.
Long-Term Debt & Capital Lease Obligation was $6,884 Mil.
Total Assets was $358,078 Mil.
Total Liabilities was $337,936 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.

Great-West Lifeco's current Net Income (TTM) was 2,709. ==> 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.

Great-West Lifeco's current Cash Flow from Operations (TTM) was 8,266. ==> 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 (Sep20)
=2709.3180575253/358077.85336357
=0.00756628

ROA (Last Year)=Net Income/Total Assets (Sep19)
=1994.4115691903/337305.33947587
=0.00591278

Great-West Lifeco's return on assets of this year was 0.00756628. Great-West Lifeco's return on assets of last year was 0.00591278. ==> 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.

Great-West Lifeco's current Net Income (TTM) was 2,709. Great-West Lifeco's current Cash Flow from Operations (TTM) was 8,266. ==> 8,266 > 2,709 ==> 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 Sep20 to Sep21
=6923.6840028411/455646.19570683
=0.01519531

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=6884.3537414966/337780.65416424
=0.02038114

Great-West Lifeco's gearing of this year was 0.01519531. Great-West Lifeco's gearing of last year was 0.02038114. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Sep21)=Total Assets/Total Liabilities
=485330.28174572/461471.07568463
=1.0517025

Current Ratio (Last Year: Sep20)=Total Assets/Total Liabilities
=358077.85336357/337935.75207861
=1.05960335

Great-West Lifeco's current ratio of this year was 1.0517025. Great-West Lifeco's current ratio of last year was 1.05960335. ==> 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.

Great-West Lifeco's number of shares in issue this year was 932.441. Great-West Lifeco's number of shares in issue last year was 927.764. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=2709.3180575253/51281.107551562
=0.05283267

Net Margin (Last Year: TTM)=Net Income/Revenue
=1994.4115691903/40405.894085979
=0.04935942

Great-West Lifeco's net margin of this year was 0.05283267. Great-West Lifeco's net margin of last year was 0.04935942. ==> This year's net 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 (Sep20)
=51281.107551562/358077.85336357
=0.14321217

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=40405.894085979/337305.33947587
=0.11979026

Great-West Lifeco's asset turnover of this year was 0.14321217. Great-West Lifeco's asset turnover of last year was 0.11979026. ==> This year's asset turnover is higher. ==> Score 1.

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+1+0+0+1+1
=7

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

Great-West Lifeco has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Great-West Lifeco  (OTCPK:GWLIF) 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.


Great-West Lifeco Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Great-West Lifeco's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Great-West Lifeco Business Description

Great-West Lifeco logo
Industry
Financial Services » Insurance NAICS : 524113 SIC : 7311
Address
100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3
Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm's profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual's recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.

Great-West Lifeco Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)