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STI Education Systems Holdings (PHS:STI) Piotroski F-Score : 7 (As of Mar. 28, 2025)


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What is STI Education Systems Holdings Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

STI Education Systems Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for STI Education Systems Holdings's Piotroski F-Score or its related term are showing as below:

PHS:STI' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of STI Education Systems Holdings was 9. The lowest was 2. And the median was 6.


STI Education Systems Holdings Piotroski F-Score Historical Data

The historical data trend for STI Education Systems Holdings'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.

STI Education Systems Holdings Piotroski F-Score Chart

STI Education Systems Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 4.00 9.00 8.00 8.00

STI Education Systems Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 8.00 7.00 8.00 8.00 7.00

Competitive Comparison of STI Education Systems Holdings's Piotroski F-Score

For the Education & Training Services subindustry, STI Education Systems Holdings'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.


STI Education Systems Holdings's Piotroski F-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, STI Education Systems Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where STI Education Systems Holdings's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 593.871 + 484.622 + 261.138 + 641.4 = ₱1,981 Mil.
Cash Flow from Operations was 1203.088 + 553.334 + 876.408 + 358.693 = ₱2,992 Mil.
Revenue was 1392.215 + 1349.259 + 1037.693 + 1591.695 = ₱5,371 Mil.
Gross Profit was 1030.881 + 793.46 + 596.311 + 1164.517 = ₱3,585 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(16010.3 + 15804.661 + 15441.822 + 17524.823 + 16834.506) / 5 = ₱16323.2224 Mil.
Total Assets at the begining of this year (Dec23) was ₱16,010 Mil.
Long-Term Debt & Capital Lease Obligation was ₱2,641 Mil.
Total Current Assets was ₱4,474 Mil.
Total Current Liabilities was ₱2,691 Mil.
Net Income was 352.395 + 291.574 + 20.292 + 492.407 = ₱1,157 Mil.

Revenue was 982.204 + 984.431 + 650.651 + 1308.198 = ₱3,925 Mil.
Gross Profit was 713.605 + 541.031 + 277.832 + 947.113 = ₱2,480 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(15073.045 + 15357.854 + 15083.181 + 16683.103 + 16010.3) / 5 = ₱15641.4966 Mil.
Total Assets at the begining of last year (Dec22) was ₱15,073 Mil.
Long-Term Debt & Capital Lease Obligation was ₱1,770 Mil.
Total Current Assets was ₱4,656 Mil.
Total Current Liabilities was ₱4,443 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.

STI Education Systems Holdings's current Net Income (TTM) was 1,981. ==> 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.

STI Education Systems Holdings's current Cash Flow from Operations (TTM) was 2,992. ==> 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 (Dec23)
=1981.031/16010.3
=0.12373478

ROA (Last Year)=Net Income/Total Assets (Dec22)
=1156.668/15073.045
=0.07673751

STI Education Systems Holdings's return on assets of this year was 0.12373478. STI Education Systems Holdings's return on assets of last year was 0.07673751. ==> 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.

STI Education Systems Holdings's current Net Income (TTM) was 1,981. STI Education Systems Holdings's current Cash Flow from Operations (TTM) was 2,992. ==> 2,992 > 1,981 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2641.006/16323.2224
=0.1617944

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1769.85/15641.4966
=0.11315094

STI Education Systems Holdings's gearing of this year was 0.1617944. STI Education Systems Holdings's gearing of last year was 0.11315094. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=4473.513/2690.991
=1.66240355

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=4656.288/4442.933
=1.04802121

STI Education Systems Holdings's current ratio of this year was 1.66240355. STI Education Systems Holdings's current ratio of last year was 1.04802121. ==> 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.

STI Education Systems Holdings's number of shares in issue this year was 10689.992. STI Education Systems Holdings's number of shares in issue last year was 9848.13. ==> 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
=3585.169/5370.862
=0.66752208

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2479.581/3925.484
=0.63166249

STI Education Systems Holdings's gross margin of this year was 0.66752208. STI Education Systems Holdings's gross margin of last year was 0.63166249. ==> 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 (Dec23)
=5370.862/16010.3
=0.33546292

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=3925.484/15073.045
=0.26043072

STI Education Systems Holdings's asset turnover of this year was 0.33546292. STI Education Systems Holdings's asset turnover of last year was 0.26043072. ==> 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+0+1+1
=7

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

STI Education Systems Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

STI Education Systems Holdings  (PHS:STI) 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.


STI Education Systems Holdings Piotroski F-Score Related Terms

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STI Education Systems Holdings Business Description

Traded in Other Exchanges
N/A
Address
6764 Ayala Avenue, 7th Floor, STI Holdings Center, Makati, PHL, 1226
STI Education Systems Holdings Inc is an education and investment corporation in the Philippines. The company offers technical/vocational diplomas, certificates, and short-term courses in computer programming and computer technology courses. The group's segments are Metro Manila, Northern Luzon, Southern Luzon, Visayas and Mindanao. It derives a majority of its revenue from the Metro Manila segment.