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Stingray Group 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

Stingray Group 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 Stingray Group's Piotroski F-Score or its related term are showing as below:

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

3
8

During the past 7 years, the highest Piotroski F-Score of Stingray Group was 8. The lowest was 3. And the median was 6.


Stingray Group Piotroski F-Score Historical Data

The historical data trend for Stingray Group'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.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Piotroski F-Score
Premium Member Only Premium Member Only 7.00 6.00 4.00 7.00 6.00

Stingray Group 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 6.00 5.00 6.00 7.00 8.00

Competitive Comparison

For the Broadcasting subindustry, Stingray Group'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.

   

Stingray Group Piotroski F-Score Distribution

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

* The bar in red indicates where Stingray Group'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 11.021937700055 + 9.6085607446893 + 3.4369885433715 + 9.5296345986899 = $33.6 Mil.
Cash Flow from Operations was 12.751190569131 + 19.503540456679 + 13.36906710311 + 16.128955883514 = $61.8 Mil.
Revenue was 56.651573112655 + 47.987906754714 + 53.034369885434 + 56.372030621103 = $214.0 Mil.
Gross Profit was 56.651573112655 + 47.987906754714 + 53.034369885434 + 56.372030621103 = $214.0 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(648.04913076342 + 654.55070653447 + 654.65589943512 + 677.3977086743 + 658.73964170152) / 5 = $658.67861742 Mil.
Total Assets at the begining of this year (Sep20) was $648.0 Mil.
Long-Term Debt & Capital Lease Obligation was $285.3 Mil.
Total Current Assets was $76.0 Mil.
Total Current Liabilities was $81.1 Mil.
Net Income was 6.1424557673324 + -6.0787965616046 + 5.1807851239669 + 8.9856386999244 = $14.2 Mil.

Revenue was 61.745766573012 + 48.995702005731 + 38.586924439197 + 48.597127739985 = $197.9 Mil.
Gross Profit was 61.745766573012 + 48.995702005731 + 38.586924439197 + 41.358276643991 = $190.7 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(649.51665282078 + 650.50497380211 + 623.88896848138 + 632.55681818182 + 648.04913076342) / 5 = $640.90330881 Mil.
Total Assets at the begining of last year (Sep19) was $649.5 Mil.
Long-Term Debt & Capital Lease Obligation was $248.6 Mil.
Total Current Assets was $67.5 Mil.
Total Current Liabilities was $107.8 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.

Stingray Group's current Net Income (TTM) was 33.6. ==> 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.

Stingray Group's current Cash Flow from Operations (TTM) was 61.8. ==> 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)
=33.597121586805/648.04913076342
=0.05184348

ROA (Last Year)=Net Income/Total Assets (Sep19)
=14.230083029619/649.51665282078
=0.02190873

Stingray Group's return on assets of this year was 0.05184348. Stingray Group's return on assets of last year was 0.02190873. ==> 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.

Stingray Group's current Net Income (TTM) was 33.6. Stingray Group's current Cash Flow from Operations (TTM) was 61.8. ==> 61.8 > 33.6 ==> 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 Sep20 to Sep21
=285.32238970878/658.67861742
=0.43317391

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=248.61980347695/640.90330881
=0.38792092

Stingray Group's gearing of this year was 0.43317391. Stingray Group's gearing of last year was 0.38792092. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=76.01688895904/81.051219319706
=0.93788705

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=67.514739229025/107.77626606198
=0.6264342

Stingray Group's current ratio of this year was 0.93788705. Stingray Group's current ratio of last year was 0.6264342. ==> 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.

Stingray Group's number of shares in issue this year was 71.978. Stingray Group's number of shares in issue last year was 73.773. ==> 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
=214.04588037391/214.04588037391
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=190.68666966193/197.92552075793
=0.96342639

Stingray Group's gross margin of this year was 1. Stingray Group's gross margin of last year was 0.96342639. ==> 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 (Sep20)
=214.04588037391/648.04913076342
=0.33029267

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=197.92552075793/649.51665282078
=0.3047274

Stingray Group's asset turnover of this year was 0.33029267. Stingray Group's asset turnover of last year was 0.3047274. ==> 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+0+1+1+1+1
=8

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

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

Stingray Group  (OTCPK:STGYF) 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.


Stingray Group Piotroski F-Score Related Terms

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Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

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