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Origin Enterprises Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, 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

Origin Enterprises has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

OTCPK:ORENF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

3
8

During the past 13 years, the highest Piotroski F-Score of Origin Enterprises was 8. The lowest was 3. And the median was 6.


Origin Enterprises Piotroski F-Score Historical Data

The historical data trend for Origin Enterprises'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.

Origin Enterprises Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 5.00 4.00 8.00

Origin Enterprises Semi-Annual Data
Jan12 Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
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 - 4.00 - 8.00

Competitive Comparison

For the Farm Products subindustry, Origin Enterprises'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.

   

Origin Enterprises Piotroski F-Score Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Origin Enterprises's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Origin Enterprises'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 (Jul21) TTM:Last Year (Jul20) TTM:
Net Income was $45 Mil.
Cash Flow from Operations was $73 Mil.
Revenue was $1,960 Mil.
Gross Profit was $290 Mil.
Average Total Assets from the begining of this year (Jul20)
to the end of this year (Jul21) was (1416.5195402299 + 1534.0295508274) / 2 = $1475.2745455287 Mil.
Total Assets at the begining of this year (Jul20) was $1,417 Mil.
Long-Term Debt & Capital Lease Obligation was $209 Mil.
Total Current Assets was $995 Mil.
Total Current Liabilities was $843 Mil.
Net Income was $23 Mil.

Revenue was $1,827 Mil.
Gross Profit was $264 Mil.
Average Total Assets from the begining of last year (Jul19)
to the end of last year (Jul20) was (1463.5964125561 + 1416.5195402299) / 2 = $1440.057976393 Mil.
Total Assets at the begining of last year (Jul19) was $1,464 Mil.
Long-Term Debt & Capital Lease Obligation was $273 Mil.
Total Current Assets was $916 Mil.
Total Current Liabilities was $733 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.

Origin Enterprises's current Net Income (TTM) was 45. ==> 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.

Origin Enterprises's current Cash Flow from Operations (TTM) was 73. ==> 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 (Jul20)
=45.191489361702/1416.5195402299
=0.03190319

ROA (Last Year)=Net Income/Total Assets (Jul19)
=22.826436781609/1463.5964125561
=0.01559613

Origin Enterprises's return on assets of this year was 0.03190319. Origin Enterprises's return on assets of last year was 0.01559613. ==> 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.

Origin Enterprises's current Net Income (TTM) was 45. Origin Enterprises's current Cash Flow from Operations (TTM) was 73. ==> 73 > 45 ==> 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: Jul21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul20 to Jul21
=208.52245862884/1475.2745455287
=0.14134485

Gearing (Last Year: Jul20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul19 to Jul20
=273.3908045977/1440.057976393
=0.18984708

Origin Enterprises's gearing of this year was 0.14134485. Origin Enterprises's gearing of last year was 0.18984708. ==> 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: Jul21)=Total Current Assets/Total Current Liabilities
=995.17612293144/843.1524822695
=1.18030385

Current Ratio (Last Year: Jul20)=Total Current Assets/Total Current Liabilities
=915.5183908046/732.67471264368
=1.24955642

Origin Enterprises's current ratio of this year was 1.18030385. Origin Enterprises's current ratio of last year was 1.24955642. ==> 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.

Origin Enterprises's number of shares in issue this year was 128.543. Origin Enterprises's number of shares in issue last year was 128.543. ==> 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
=290.10756501182/1960.2446808511
=0.14799559

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=263.90229885057/1826.6
=0.14447733

Origin Enterprises's gross margin of this year was 0.14799559. Origin Enterprises's gross margin of last year was 0.14447733. ==> 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 (Jul20)
=1960.2446808511/1416.5195402299
=1.38384585

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul19)
=1826.6/1463.5964125561
=1.24802164

Origin Enterprises's asset turnover of this year was 1.38384585. Origin Enterprises's asset turnover of last year was 1.24802164. ==> 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+1+1+1
=8

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

Origin Enterprises has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Origin Enterprises  (OTCPK:ORENF) 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.


Origin Enterprises Piotroski F-Score Related Terms

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Origin Enterprises Business Description

Origin Enterprises logo
Industry
Traded in Other Exchanges
Address
4-6 Riverwalk, Citywest Business Campus, Dublin, IRL, 24
Origin Enterprises PLC is an agri-service business with operations throughout Europe. It provides technologies and strategic products to support food production systems for primary food producers. The company acts as an advisor for varietal selection, nutrition, crop protection, and other techniques to improve crop performance. Fertilizers, animal feed, seeds, and other agricultural supplements are sold to enhance farming productivity. It delivers products to farms from local distribution centers, and agronomists study the timing of applications to achieve the best results for customers. Farm visitations happen throughout each year, and soil and tissue analysis is conducted to either stop deficiencies or prevent future occurrences.

Origin Enterprises Headlines

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