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PSQH (PSQ Holdings) Piotroski F-Score : N/A (As of Mar. 17, 2025)


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What is PSQ Holdings 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

PSQ Holdings 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 PSQ Holdings's Piotroski F-Score or its related term are showing as below:


PSQ Holdings Piotroski F-Score Historical Data

The historical data trend for PSQ 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.

PSQ Holdings Piotroski F-Score Chart

PSQ Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
- N/A N/A -

PSQ Holdings Quarterly Data
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 N/A N/A N/A N/A -

Competitive Comparison of PSQ Holdings's Piotroski F-Score

For the Software - Application subindustry, PSQ 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.


PSQ Holdings's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where PSQ Holdings'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -12.577 + -11.235 + -13.138 + -20.738 = $-57.69 Mil.
Cash Flow from Operations was -6.525 + -10.415 + -10.188 + -7.001 = $-34.13 Mil.
Revenue was 3.466 + 5.985 + 6.54 + 7.208 = $23.20 Mil.
Gross Profit was 1.476 + 4.015 + 4.16 + 4.423 = $14.07 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(25.247 + 48.634 + 45.06 + 44.246 + 74.894) / 5 = $47.6162 Mil.
Total Assets at the begining of this year (Dec23) was $25.25 Mil.
Long-Term Debt & Capital Lease Obligation was $28.61 Mil.
Total Current Assets was $46.84 Mil.
Total Current Liabilities was $8.62 Mil.
Net Income was -6.688 + -20.721 + -20.239 + -5.682 = $-53.33 Mil.

Revenue was 0.378 + 0.53 + 2.031 + 2.747 = $5.69 Mil.
Gross Profit was 0.015 + 0.097 + 0.558 + 1.042 = $1.71 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(4.216 + 0 + 177.129 + 33.248 + 25.247) / 5 = $59.96 Mil.
Total Assets at the begining of last year (Dec22) was $4.22 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $21.18 Mil.
Total Current Liabilities was $4.01 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.

PSQ Holdings's current Net Income (TTM) was -57.69. ==> 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.

PSQ Holdings's current Cash Flow from Operations (TTM) was -34.13. ==> 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 (Dec23)
=-57.688/25.247
=-2.28494475

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-53.33/4.216
=-12.64943074

PSQ Holdings's return on assets of this year was -2.28494475. PSQ Holdings's return on assets of last year was -12.64943074. ==> 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.

PSQ Holdings's current Net Income (TTM) was -57.69. PSQ Holdings's current Cash Flow from Operations (TTM) was -34.13. ==> -34.13 > -57.69 ==> 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
=28.613/47.6162
=0.60090893

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.016/59.96
=0.00026684

PSQ Holdings's gearing of this year was 0.60090893. PSQ Holdings's gearing of last year was 0.00026684. ==> 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
=46.837/8.624
=5.43100649

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=21.175/4.006
=5.28582127

PSQ Holdings's current ratio of this year was 5.43100649. PSQ Holdings's current ratio of last year was 5.28582127. ==> 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.

PSQ Holdings's number of shares in issue this year was 36.5. PSQ Holdings's number of shares in issue last year was 27.682. ==> 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
=14.074/23.199
=0.60666408

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.712/5.686
=0.3010904

PSQ Holdings's gross margin of this year was 0.60666408. PSQ Holdings's gross margin of last year was 0.3010904. ==> 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)
=23.199/25.247
=0.91888145

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=5.686/4.216
=1.34867173

PSQ Holdings's asset turnover of this year was 0.91888145. PSQ Holdings's asset turnover of last year was 1.34867173. ==> 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
=0+0+1+1+0+1+0+1+0
=4

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

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

PSQ Holdings  (NYSE:PSQH) 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.


PSQ Holdings Piotroski F-Score Related Terms

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PSQ Holdings Business Description

Traded in Other Exchanges
N/A
Address
250 South Australian Avenue, Suite 1300, West Palm Beach, FL, USA, 33401
PSQ Holdings Inc operates the website and mobile application named as PublicSq. It is an app and website that connects freedom-loving Americans to high-quality businesses that share values, both online and in local communities. The primary mission of the platform is to help consumers "shop their values" and put purpose behind purchases. It has two reportable segments comprised of Marketplace; which includes a marketplace platform to access consumers that are drawn to patriotic values and the revenue is generated in the form of advertising and eCommerce transactions, and Brands segment in which through its wholly-owned brand, the company generates revenue from online sales of diapers and wipes.
Executives
Bradley Searle officer: Chief Financial Officer 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Michael Stephen Seifert director, officer: Chief Executive Officer 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Kelly Lynn Loeffler director 222 LAKEVIEW AVENUE, SUITE 800, WEST PALM BEACH FL 33401
Brian Elkins officer: CISO 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Andrew Weisbecker officer: Chief Product Officer 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
James Rinn director 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Davis Iii Pilot director 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Blake Masters director 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Michael Robert Hebert officer: Chief People Officer 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Caroline Carralero director 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Sebastian Harris officer: Chief Operating Officer 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Stephen M Moran officer: Gen. Counsel, CLO & Secretary 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
James Nicholas Ayers director 516 SOUTH DIXIE HIGHWAY, PMB 191, WEST PALM BEACH FL 33401
Edward Kim director 214 BRAZILIAN AVENUE, SUITE 200-A, PALM BEACH FL 33480
Keri Findley director 214 BRAZILIAN AVENUE, SUITE 200-A, PALM BEACH FL 33480