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PENG (Penguin Solutions) Piotroski F-Score : 5 (As of Mar. 18, 2025)


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What is Penguin Solutions 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

Penguin Solutions 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 Penguin Solutions's Piotroski F-Score or its related term are showing as below:

PENG' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 10 years, the highest Piotroski F-Score of Penguin Solutions was 7. The lowest was 2. And the median was 5.


Penguin Solutions Piotroski F-Score Historical Data

The historical data trend for Penguin Solutions'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.

Penguin Solutions Piotroski F-Score Chart

Penguin Solutions Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 6.00 6.00 3.00 7.00

Penguin Solutions Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 5.00 4.00 5.00 7.00 5.00

Competitive Comparison of Penguin Solutions's Piotroski F-Score

For the Information Technology Services subindustry, Penguin Solutions'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.


Penguin Solutions's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Penguin Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Penguin Solutions'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 (Nov24) TTM:Last Year (Nov23) TTM:
Net Income was -13.62 + 5.616 + -24.547 + 5.217 = $-27 Mil.
Cash Flow from Operations was -21.917 + 79.78 + -12.156 + 13.819 = $60 Mil.
Revenue was 284.821 + 300.58 + 311.148 + 341.102 = $1,238 Mil.
Gross Profit was 81.934 + 88.906 + 87.086 + 97.812 = $356 Mil.
Average Total Assets from the begining of this year (Nov23)
to the end of this year (Nov24) was
(1630.865 + 1517.454 + 1546.133 + 1474.506 + 1583.015) / 5 = $1550.3946 Mil.
Total Assets at the begining of this year (Nov23) was $1,631 Mil.
Long-Term Debt & Capital Lease Obligation was $717 Mil.
Total Current Assets was $996 Mil.
Total Current Liabilities was $427 Mil.
Net Income was -27.219 + -24.455 + -140.844 + -19.921 = $-212 Mil.

Revenue was 388.377 + 344.418 + 316.658 + 274.247 = $1,324 Mil.
Gross Profit was 111.008 + 100.48 + 91.585 + 82.85 = $386 Mil.
Average Total Assets from the begining of last year (Nov22)
to the end of last year (Nov23) was
(1807.66 + 1640.083 + 1591.188 + 1505.958 + 1630.865) / 5 = $1635.1508 Mil.
Total Assets at the begining of last year (Nov22) was $1,808 Mil.
Long-Term Debt & Capital Lease Obligation was $813 Mil.
Total Current Assets was $987 Mil.
Total Current Liabilities was $369 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.

Penguin Solutions's current Net Income (TTM) was -27. ==> 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.

Penguin Solutions's current Cash Flow from Operations (TTM) was 60. ==> 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 (Nov23)
=-27.334/1630.865
=-0.01676043

ROA (Last Year)=Net Income/Total Assets (Nov22)
=-212.439/1807.66
=-0.11752155

Penguin Solutions's return on assets of this year was -0.01676043. Penguin Solutions's return on assets of last year was -0.11752155. ==> 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.

Penguin Solutions's current Net Income (TTM) was -27. Penguin Solutions's current Cash Flow from Operations (TTM) was 60. ==> 60 > -27 ==> 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: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=716.681/1550.3946
=0.46225716

Gearing (Last Year: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=812.706/1635.1508
=0.49702205

Penguin Solutions's gearing of this year was 0.46225716. Penguin Solutions's gearing of last year was 0.49702205. ==> 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: Nov24)=Total Current Assets/Total Current Liabilities
=995.579/426.886
=2.33218939

Current Ratio (Last Year: Nov23)=Total Current Assets/Total Current Liabilities
=986.848/368.804
=2.67580612

Penguin Solutions's current ratio of this year was 2.33218939. Penguin Solutions's current ratio of last year was 2.67580612. ==> 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.

Penguin Solutions's number of shares in issue this year was 54.312. Penguin Solutions's number of shares in issue last year was 52.068. ==> 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
=355.738/1237.651
=0.28742998

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=385.923/1323.7
=0.29154869

Penguin Solutions's gross margin of this year was 0.28742998. Penguin Solutions's gross margin of last year was 0.29154869. ==> Last year's gross margin is higher ==> Score 0.

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 (Nov23)
=1237.651/1630.865
=0.75889237

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov22)
=1323.7/1807.66
=0.73227266

Penguin Solutions's asset turnover of this year was 0.75889237. Penguin Solutions's asset turnover of last year was 0.73227266. ==> 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+1+1+1+1+0+0+0+1
=5

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

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

Penguin Solutions  (NAS:PENG) 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.


Penguin Solutions Piotroski F-Score Related Terms

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Penguin Solutions Business Description

Traded in Other Exchanges
Address
1390 McCarthy Boulevard, Milpitas, CA, USA, 94560
Penguin Solutions Inc is an end-to-end technology company engaged in Intelligent Platform Solutions, Integrated Memory, and Optimized LED business. Its product include Servers, software, OCP HPC & AI system, Racks and Edge. Servers include AMD-based Serves, Intel-based Servers, etc. Software products include Scyld ClusterWare, Scyld Cloud Central, etc. OCP HPC & AI Systems includes OCP Servers & Storage and etc.
Executives
Joseph Gates Clark officer: President, LED Solutions C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Jack A Pacheco officer: EVP, COO, Pres, Mem Solutions SMART MODULAR TECHNOLOGIES (WWH), INC., 4211 STARBOARD DRIVE, FREMONT CA 94538
Mark Adams director, officer: President and CEO 834 TERRACE DRIVE, LOS ALTOS CA 94024
Penny Herscher director 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Ken Rizvi officer: SVP and CFO 39870 EUREKA DRIVE, NEWARK CA 94560-4809
David C Laurello officer: President - IPS C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Anne Kuykendall officer: SVP and Chief Legal Officer C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Sandeep Nayyar director C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mary G Puma director AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Thierry Pellegrino officer: SVP, Pres. Spec. Computing C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mark D Papermaster director ONE AMD PLACE, SUNNYVALE CA 94088
Claude Demby officer: SVP, Pres. Cree LED C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ajay Shah director 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Mukesh Patel director C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Silver Lake (offshore) Aiv Gp Iii, Ltd. 10 percent owner C/O SILVER LAKE PARTNERS, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025