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PNTM.U (Pontem) Piotroski F-Score : 4 (As of Dec. 14, 2024)


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What is Pontem 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

Pontem has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

PNTM.U' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 4
Current: 4

During the past 3 years, the highest Piotroski F-Score of Pontem was 4. The lowest was 3. And the median was 4.


Pontem Piotroski F-Score Historical Data

The historical data trend for Pontem'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.

Pontem Piotroski F-Score Chart

Pontem Annual Data
Trend Dec20 Dec21 Dec22
Piotroski F-Score
- N/A 3.00

Pontem Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A 3.00 4.00

Competitive Comparison of Pontem's Piotroski F-Score

For the Shell Companies subindustry, Pontem'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.


Pontem's Piotroski F-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Pontem's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pontem'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was 6.559 + 5.476 + 4.181 + 1.893 = $18.11 Mil.
Cash Flow from Operations was -0.817 + -0.126 + -0.179 + -1.445 = $-2.57 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was
(690.98 + 691.563 + 694.401 + 700.219 + 261.964) / 5 = $607.8254 Mil.
Total Assets at the begining of this year (Mar22) was $690.98 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.34 Mil.
Total Current Liabilities was $2.17 Mil.
Net Income was -9.113 + 6.26 + -6.516 + 18.627 = $9.26 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was
(691.482 + 690.756 + 690.671 + 690.84 + 690.98) / 5 = $690.9458 Mil.
Total Assets at the begining of last year (Mar21) was $691.48 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.51 Mil.
Total Current Liabilities was $2.03 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.

Pontem's current Net Income (TTM) was 18.11. ==> 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.

Pontem's current Cash Flow from Operations (TTM) was -2.57. ==> 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 (Mar22)
=18.109/690.98
=0.0262077

ROA (Last Year)=Net Income/Total Assets (Mar21)
=9.258/691.482
=0.01338863

Pontem's return on assets of this year was 0.0262077. Pontem's return on assets of last year was 0.01338863. ==> 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.

Pontem's current Net Income (TTM) was 18.11. Pontem's current Cash Flow from Operations (TTM) was -2.57. ==> -2.57 <= 18.11 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0/607.8254
=0

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=0/690.9458
=0

Pontem's gearing of this year was 0. Pontem's gearing of last year was 0. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=0.339/2.17
=0.1562212

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=0.506/2.027
=0.24963

Pontem's current ratio of this year was 0.1562212. Pontem's current ratio of last year was 0.24963. ==> 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.

Pontem's number of shares in issue this year was 0. Pontem's number of shares in issue last year was 0. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Pontem's gross margin of this year was . Pontem's gross margin of last year was . ==> 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 (Mar22)
=0/690.98
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=0/691.482
=0

Pontem's asset turnover of this year was 0. Pontem's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+1+0+1+0+0
=4

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

Pontem has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Pontem  (NYSE:PNTM.U) 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.


Pontem Piotroski F-Score Related Terms

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Pontem Business Description

Traded in Other Exchanges
N/A
Address
2170 Buckthorne Place, Suite 320, The Woodlands, TX, USA, 77380
Pontem Corp is a blank check company.
Executives
David Hagen director 2170 BUCKTHORNE PLACE, SUITE 320, THE WOODLANDS TX 77390
Robert G Bohn director ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
James Gentilcore director NINE HAMPSHIRE STREET, MANSFIELD MA 02048
Hubertus M Muhlhauser director, 10 percent owner, officer: Chairman and CEO MANITOWOC FOODSERVICE INC., 2227 WELBILT AVENUE, NEW PORT RICHEY FL 34655
Erik Olsson director C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Luciano Mozzato director 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Pontem Llc 10 percent owner 1140 AVENUE OF THE AMERICAS, 9TH FLOOR, NEW YORK NY 10036
Nina Murphy officer: Chief Financial Officer C/O PONTEM CORPORATION, 1140 AVENUE OF THE AMERICAS, 9TH FLOOR, NEW YORK NY 10036
Burak Alici director, 10 percent owner, officer: Lead Director C/O PONTEM CORPORATION, 1140 AVENUE OF THE AMERICAS, 9TH FLOOR, NEW YORK NY 10036
Peter Grosch director C/O PONTEM CORPORATION, 1140 AVENUE OF THE AMERICAS, 9TH FLOOR, NEW YORK NY 10036
Sm-invest 10 percent owner HURDNERSTRASSE 60, CH-8640 HURDEN, SCHWYZ V8 00000