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Samko Timber (SGX:E6R) Piotroski F-Score : N/A (As of Mar. 15, 2025)


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What is Samko Timber 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

Samko Timber has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

During the past 13 years, the highest Piotroski F-Score of Samko Timber was 7. The lowest was 1. And the median was 3.


Samko Timber Piotroski F-Score Historical Data

The historical data trend for Samko Timber'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.

Samko Timber Piotroski F-Score Chart

Samko Timber Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 1.00 3.00 3.00 N/A

Samko Timber Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 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 3.00 3.00 2.00 3.00 N/A

Competitive Comparison of Samko Timber's Piotroski F-Score

For the Lumber & Wood Production subindustry, Samko Timber'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.


Samko Timber's Piotroski F-Score Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Samko Timber's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Samko Timber'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 (Sep23) TTM:
Net Income was -19.193 + 0 + -11.588 + -33.958 = S$-64.74 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = S$0.00 Mil.
Revenue was 0 + 0 + 50.993 + 0 = S$50.99 Mil.
Gross Profit was 0 + 0 + -5.504 + 0 = S$-5.50 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Dec24) was
(0 + 365.591 + 381.867 + 411.553 + 410.303) / 5 = S$392.3285 Mil.
Total Assets at the begining of this year (Sep23) was S$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.00 Mil.
Total Current Assets was S$410.29 Mil.
Total Current Liabilities was S$537.27 Mil.
Net Income was 0 + 0 + 0 + -20.463 = S$-20.46 Mil.

Revenue was 0 + 0 + 0 + 45.024 = S$45.02 Mil.
Gross Profit was 0 + 0 + 0 + 1.007 = S$1.01 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Sep23) was
(273.752 + 322.65 + 319.292 + 359.342 + 0) / 5 = S$318.759 Mil.
Total Assets at the begining of last year (Dec21) was S$273.75 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.00 Mil.
Total Current Assets was S$0.00 Mil.
Total Current Liabilities was S$0.00 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.

Samko Timber's current Net Income (TTM) was -64.74. ==> 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.

Samko Timber's current Cash Flow from Operations (TTM) was 0.00. ==> 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 (Sep23)
=-64.739/0
=

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-20.463/273.752
=-0.07475014

Samko Timber's return on assets of this year was . Samko Timber's return on assets of last year was -0.07475014. ==> Last year is higher ==> Score 0.

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.

Samko Timber's current Net Income (TTM) was -64.74. Samko Timber's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 > -64.74 ==> 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 Sep23 to Dec24
=0/392.3285
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Sep23
=0/318.759
=0

Samko Timber's gearing of this year was 0. Samko Timber'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: Dec24)=Total Current Assets/Total Current Liabilities
=410.293/537.266
=0.76366828

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=0/0
=

Samko Timber's current ratio of this year was 0.76366828. Samko Timber's current ratio of last year was . ==> 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.

Samko Timber's number of shares in issue this year was 8577.856. Samko Timber's number of shares in issue last year was 2408.171. ==> 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
=-5.504/50.993
=-0.10793638

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.007/45.024
=0.02236585

Samko Timber's gross margin of this year was -0.10793638. Samko Timber's gross margin of last year was 0.02236585. ==> 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 (Sep23)
=50.993/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=45.024/273.752
=0.16447003

Samko Timber's asset turnover of this year was . Samko Timber's asset turnover of last year was 0.16447003. ==> 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+0+1+1+1+0+0+0
=3

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

Samko Timber has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Samko Timber  (SGX:E6R) 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.


Samko Timber Piotroski F-Score Related Terms

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Samko Timber Business Description

Traded in Other Exchanges
N/A
Address
7500A Beach Road, Number 08-305/307 The Plaza, Singapore, SGP, 199591
Samko Timber Ltd is an Indonesia-based investment holding company engaged in the processing of wood resources through its subsidiaries. The group is organized into three divisions based on its products and services namely the SGS division, SGM division and the ST division. SGS division which derives its majority of revenue deals in the business of manufacturing and selling primary process timber products such as general plywood and laminated lumber and processed timber products also contributes the majority of the group's revenue. ST division trades in all types of timber products manufactured by the division and are responsible for the production of secondary timber products.

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