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United Hampshire US REIT (SGX:ODBU) Piotroski F-Score : 6 (As of Dec. 12, 2024)


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What is United Hampshire US REIT 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

United Hampshire US REIT has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

SGX:ODBU' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 6
Current: 6

During the past 7 years, the highest Piotroski F-Score of United Hampshire US REIT was 6. The lowest was 5. And the median was 5.


United Hampshire US REIT Piotroski F-Score Historical Data

The historical data trend for United Hampshire US REIT'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.

United Hampshire US REIT Piotroski F-Score Chart

United Hampshire US REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 5.00 6.00

United Hampshire US REIT Semi-Annual Data
Dec16 Dec17 Dec18 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only - 5.00 - 6.00 -

Competitive Comparison of United Hampshire US REIT's Piotroski F-Score

For the REIT - Retail subindustry, United Hampshire US REIT'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.


United Hampshire US REIT's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, United Hampshire US REIT's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where United Hampshire US REIT'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was $32.82 Mil.
Cash Flow from Operations was $45.64 Mil.
Revenue was $72.00 Mil.
Gross Profit was $50.27 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (785.903 + 808.758) / 2 = $797.3305 Mil.
Total Assets at the begining of this year (Dec22) was $785.90 Mil.
Long-Term Debt & Capital Lease Obligation was $323.51 Mil.
Total Current Assets was $22.81 Mil.
Total Current Liabilities was $34.44 Mil.
Net Income was $26.17 Mil.

Revenue was $66.89 Mil.
Gross Profit was $46.18 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (729.496 + 785.903) / 2 = $757.6995 Mil.
Total Assets at the begining of last year (Dec21) was $729.50 Mil.
Long-Term Debt & Capital Lease Obligation was $335.86 Mil.
Total Current Assets was $21.23 Mil.
Total Current Liabilities was $12.27 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.

United Hampshire US REIT's current Net Income (TTM) was 32.82. ==> 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.

United Hampshire US REIT's current Cash Flow from Operations (TTM) was 45.64. ==> 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 (Dec22)
=32.817/785.903
=0.04175706

ROA (Last Year)=Net Income/Total Assets (Dec21)
=26.166/729.496
=0.0358686

United Hampshire US REIT's return on assets of this year was 0.04175706. United Hampshire US REIT's return on assets of last year was 0.0358686. ==> 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.

United Hampshire US REIT's current Net Income (TTM) was 32.82. United Hampshire US REIT's current Cash Flow from Operations (TTM) was 45.64. ==> 45.64 > 32.82 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=323.513/797.3305
=0.40574517

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=335.861/757.6995
=0.44326412

United Hampshire US REIT's gearing of this year was 0.40574517. United Hampshire US REIT's gearing of last year was 0.44326412. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=22.814/34.439
=0.66244664

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=21.233/12.273
=1.73005785

United Hampshire US REIT's current ratio of this year was 0.66244664. United Hampshire US REIT's current ratio of last year was 1.73005785. ==> 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.

United Hampshire US REIT's number of shares in issue this year was 573.276. United Hampshire US REIT's number of shares in issue last year was 560.658. ==> 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
=50.27/72.001
=0.69818475

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=46.181/66.888
=0.6904228

United Hampshire US REIT's gross margin of this year was 0.69818475. United Hampshire US REIT's gross margin of last year was 0.6904228. ==> 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 (Dec22)
=72.001/785.903
=0.09161563

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=66.888/729.496
=0.0916907

United Hampshire US REIT's asset turnover of this year was 0.09161563. United Hampshire US REIT's asset turnover of last year was 0.0916907. ==> 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+1+1+1+1+0+0+1+0
=6

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

United Hampshire US REIT has an F-score of 6 indicating the company's financial situation is typical for a stable company.

United Hampshire US REIT  (SGX:ODBU) 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.


United Hampshire US REIT Piotroski F-Score Related Terms

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United Hampshire US REIT Business Description

Traded in Other Exchanges
N/A
Address
80 Raffles Place, No. 28-21 UOB Plaza 2, Singapore, SGP, 048624
United Hampshire US REIT is a REIT investing in a diversified portfolio of stabilized income-producing grocery-anchored and necessity-based retail properties, and modern, climate-controlled self-storage facilities, located in the United States of America. The company's objectives are to provide unitholders with regular and stable distributions and to achieve long-term growth in distribution per unit and net asset value per unit while maintaining an appropriate capital structure. The group's reportable operating segments are Grocery and Necessity Properties, and Self-Storage Properties. The company generates the majority of its revenue from the Grocery and Necessity Properties segment.

United Hampshire US REIT Headlines

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