GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TUI AG (OTCPK:TUIFF) » Definitions » Piotroski F-Score
中文

TUI AG (TUI AG) Piotroski F-Score

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

Good Sign:

Piotroski F-Score is 8, indicates a 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

TUI AG 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 TUI AG's Piotroski F-Score or its related term are showing as below:

TUIFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of TUI AG was 8. The lowest was 1. And the median was 6.


TUI AG Piotroski F-Score Historical Data

The historical data trend for TUI AG'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.

TUI AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 1.00 3.00 7.00 8.00

TUI AG 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 6.00 7.00 8.00 8.00 8.00

Competitive Comparison

For the Travel Services subindustry, TUI AG'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.


TUI AG Piotroski F-Score Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, TUI AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where TUI AG'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 -390.043 + 24.485 + 964.354 + -133.697 = $465 Mil.
Cash Flow from Operations was 1484.475 + 1477.79 + 595.197 + -1758.451 = $1,799 Mil.
Revenue was 3375.696 + 5726.977 + 9046.425 + 4691.93 = $22,841 Mil.
Gross Profit was -80.942 + 289.816 + 1421.345 + 213.85 = $1,844 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(15438.242 + 16159.957 + 18160.022 + 17238.42 + 16923.337) / 5 = $16783.9956 Mil.
Total Assets at the begining of this year (Dec22) was $15,438 Mil.
Long-Term Debt & Capital Lease Obligation was $2,338 Mil.
Total Current Assets was $4,177 Mil.
Total Current Liabilities was $7,998 Mil.
Net Income was -369.714 + -377.061 + 791.485 + -271.292 = $-227 Mil.

Revenue was 2344.053 + 4686.258 + 7538.713 + 3972.987 = $18,542 Mil.
Gross Profit was -147.137 + 126.638 + 1038.317 + 94.492 = $1,112 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(16297.062 + 16232.048 + 16854.651 + 15104.455 + 15438.242) / 5 = $15985.2916 Mil.
Total Assets at the begining of last year (Dec21) was $16,297 Mil.
Long-Term Debt & Capital Lease Obligation was $6,283 Mil.
Total Current Assets was $3,688 Mil.
Total Current Liabilities was $7,197 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.

TUI AG's current Net Income (TTM) was 465. ==> 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.

TUI AG's current Cash Flow from Operations (TTM) was 1,799. ==> 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 (Dec22)
=465.099/15438.242
=0.03012642

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-226.582/16297.062
=-0.01390324

TUI AG's return on assets of this year was 0.03012642. TUI AG's return on assets of last year was -0.01390324. ==> 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.

TUI AG's current Net Income (TTM) was 465. TUI AG's current Cash Flow from Operations (TTM) was 1,799. ==> 1,799 > 465 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2338.059/16783.9956
=0.13930288

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=6282.521/15985.2916
=0.39301885

TUI AG's gearing of this year was 0.13930288. TUI AG's gearing of last year was 0.39301885. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=4177.426/7998.364
=0.52228506

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=3688.347/7197.458
=0.51245134

TUI AG's current ratio of this year was 0.52228506. TUI AG's current ratio of last year was 0.51245134. ==> 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.

TUI AG's number of shares in issue this year was 510.833. TUI AG's number of shares in issue last year was 287.753. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1844.069/22841.028
=0.08073494

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1112.31/18542.011
=0.05998864

TUI AG's gross margin of this year was 0.08073494. TUI AG's gross margin of last year was 0.05998864. ==> 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)
=22841.028/15438.242
=1.47950965

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=18542.011/16297.062
=1.13775176

TUI AG's asset turnover of this year was 1.47950965. TUI AG's asset turnover of last year was 1.13775176. ==> 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+1+0+1+1
=8

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

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

TUI AG  (OTCPK:TUIFF) 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.


TUI AG Piotroski F-Score Related Terms

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


TUI AG (TUI AG) Business Description

Traded in Other Exchanges
Address
Karl-Wiechert-Allee 4, Hannover, SN, DEU, 30625
TUI AG is a leisure and tourism company that operates airlines, cruises, tours, hotels, and resorts globally. The company organizes itself into six segments: Northern region, Central region, Western region, hotels and resorts, TUI Musement and cruises. Northern region principally comprises TUI's tour operators, airlines, and cruise business in the U.K., Ireland, and the Nordics. Central region includes the company's tour operators in Germany, Australia, Switzerland, and Poland, and the TUI fly airline. Western region includes TUI tour operators and airlines in Belgium and the Netherlands, and tour operators in France. The Northern, Central, and Western regions are the segments by revenue, in that order, and collectively constitute the vast majority of revenue.

TUI AG (TUI AG) Headlines

From GuruFocus

Q1 2023 TUI AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Half Year 2022 TUI AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Q4 2023 TUI AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

TUI AG Annual Shareholders Meeting Transcript

By GuruFocus Research 02-15-2024

TUI AG Annual Shareholders Meeting Transcript

By GuruFocus Research 02-15-2024

Q3 2023 TUI AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Half Year 2020 Tui AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Full Year 2022 TUI AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Q3 2022 TUI AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Q3 2020 Tui AG Earnings Call Transcript

By GuruFocus Research 02-15-2024