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Pyxus International (Pyxus International) Piotroski F-Score : 5 (As of Apr. 25, 2024)


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What is Pyxus International 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

Pyxus International has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

PYYX' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Pyxus International was 7. The lowest was 1. And the median was 4.


Pyxus International Piotroski F-Score Historical Data

The historical data trend for Pyxus International'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.

Pyxus International Piotroski F-Score Chart

Pyxus International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 1.00 4.00 4.00 4.00

Pyxus International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.00 4.00 5.00 5.00 5.00

Competitive Comparison of Pyxus International's Piotroski F-Score

For the Tobacco subindustry, Pyxus International'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.


Pyxus International's Piotroski F-Score Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Pyxus International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pyxus International'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -20.608 + 0.804 + 8.095 + 3.835 = $-8 Mil.
Cash Flow from Operations was -27.223 + -285.674 + 30.254 + 38.586 = $-244 Mil.
Revenue was 407.145 + 477.092 + 624.253 + 529.816 = $2,038 Mil.
Gross Profit was 65.142 + 73.145 + 88.666 + 92.548 = $320 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1630.657 + 1582.463 + 1802.994 + 1742.454 + 1601.38) / 5 = $1671.9896 Mil.
Total Assets at the begining of this year (Dec22) was $1,631 Mil.
Long-Term Debt & Capital Lease Obligation was $602 Mil.
Total Current Assets was $1,259 Mil.
Total Current Liabilities was $765 Mil.
Net Income was -30.83 + -14.663 + -1.537 + -2.333 = $-49 Mil.

Revenue was 483.429 + 343.905 + 508.278 + 655.553 = $1,991 Mil.
Gross Profit was 67.657 + 40.755 + 67.319 + 87.801 = $264 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(1600.697 + 1698.527 + 1812.446 + 1698.065 + 1630.657) / 5 = $1688.0784 Mil.
Total Assets at the begining of last year (Dec21) was $1,601 Mil.
Long-Term Debt & Capital Lease Obligation was $520 Mil.
Total Current Assets was $1,271 Mil.
Total Current Liabilities was $867 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.

Pyxus International's current Net Income (TTM) was -8. ==> 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.

Pyxus International's current Cash Flow from Operations (TTM) was -244. ==> 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 (Dec22)
=-7.874/1630.657
=-0.00482873

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-49.363/1600.697
=-0.03083844

Pyxus International's return on assets of this year was -0.00482873. Pyxus International's return on assets of last year was -0.03083844. ==> 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.

Pyxus International's current Net Income (TTM) was -8. Pyxus International's current Cash Flow from Operations (TTM) was -244. ==> -244 <= -8 ==> CFROA <= ROA ==> Score 0.

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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=601.6/1671.9896
=0.35981085

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=520.299/1688.0784
=0.30821969

Pyxus International's gearing of this year was 0.35981085. Pyxus International's gearing of last year was 0.30821969. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1259.055/765.451
=1.64485382

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1271.16/866.6
=1.46683591

Pyxus International's current ratio of this year was 1.64485382. Pyxus International's current ratio of last year was 1.46683591. ==> 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.

Pyxus International's number of shares in issue this year was 25. Pyxus International's number of shares in issue last year was 25. ==> 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
=319.501/2038.306
=0.1567483

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=263.532/1991.165
=0.13235066

Pyxus International's gross margin of this year was 0.1567483. Pyxus International's gross margin of last year was 0.13235066. ==> 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 (Dec22)
=2038.306/1630.657
=1.24999065

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1991.165/1600.697
=1.24393624

Pyxus International's asset turnover of this year was 1.24999065. Pyxus International's asset turnover of last year was 1.24393624. ==> 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
=0+0+1+0+0+1+1+1+1
=5

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

Pyxus International has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Pyxus International  (OTCPK:PYYX) 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.


Pyxus International Piotroski F-Score Related Terms

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Pyxus International (Pyxus International) Business Description

Traded in Other Exchanges
N/A
Address
6001 Hospitality Court, Suite 100, Morrisville, NC, USA, 27560-2009
Pyxus International Inc is a global agricultural company delivering value-added products and services to businesses, customers, and consumers. The company and its subsidiaries and affiliates are providers of responsibly sourced, independently verified, sustainable and traceable agricultural and consumer-driven products and ingredients. The company's products are categorized under leaf, legal cannabis, industrial hemp and CBD, and e-liquids. Its segment comprises Leaf and Other. The company has a presence in North America, South America, Europe, Asia, and Africa.
Executives
Scott Burmeister officer: EVP Chief Operating Officer 6001 HOSPITALITY COURT, SUITE 100, MORRISVILLE NC 27560
Dustin Styons officer: EVP, Business Strategy & Sales 6001 HOSPITALITY COURT, SUITE 100, MORRISVILLE NC 27560
John Alphin director 8001 AERIAL CENTER PARKWAY, MORRISVILLE NC 27560
Bartels Patrick J Jr director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Fernanda Goncalves officer: SVP Chief HR Officer 8001 AERIAL CENTER PARKWAY, MORRISVILLE NC 25760
Jamie J Ashton director 8001 AERIAL CENTER PKWY, MORRISVILLE NC 27560
Flavia Landsberg officer: EVP Chief Financial Officer 8001 AERIAL CENTER PARKWAY, MORRISVILLE NC 27560
Tomas Grigera officer: VP Corporate Treasurer 8001 AERIAL CENTER PARKWAY, ALLIANCE ONE, MORRISVILLE NC 27560
Cynthia P Moehring director 8001 AERIAL CENTER PARKWAY, MORRISVILLE NC 27560
Richard Topping director 8001 AERIAL CENTER PARKWAY, MORRISVILLE NC 27560
Robert David George director 108000 NE STREET SUITE 600, BELLEVUE WA 98004
Monarch Gp Llc director, 10 percent owner, See Remarks C/O MONARCH ALTERNATIVE CAPITAL LP, 535 MADISON AVENUE, NEW YORK NY 10022
Mdra Gp Lp director, 10 percent owner, See Remarks C/O MONARCH ALTERNATIVE CAPITAL LP, 535 MADISON AVENUE, NEW YORK NY 10022
Glendon Opportunities Fund, L.p. 10 percent owner MAPLES CORPORATE SERVICES LTD., UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Glendon Capital Management Lp director, 10 percent owner 2425 OLYMPIC BLVD, SUITE 500E, SANTA MONICA CA 90404