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SPEC (Spectaire Holdings) Piotroski F-Score : N/A (As of Mar. 03, 2025)


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What is Spectaire 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

Spectaire Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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


Spectaire Holdings Piotroski F-Score Historical Data

The historical data trend for Spectaire 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.

Spectaire Holdings Piotroski F-Score Chart

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

Spectaire Holdings Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Spectaire Holdings's Piotroski F-Score

For the Pollution & Treatment Controls subindustry, Spectaire 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.


Spectaire Holdings's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spectaire Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Spectaire 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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was -3.82 + 16.19 + -2.504 + 4.521 = $14.39 Mil.
Cash Flow from Operations was 2.945 + -6.346 + -2.671 + -3.075 = $-9.15 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 (Jun23)
to the end of this year (Jun24) was
(0 + 23.169 + 1.443 + 0.923 + 0.809) / 5 = $6.586 Mil.
Total Assets at the begining of this year (Jun23) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.10 Mil.
Total Current Assets was $0.58 Mil.
Total Current Liabilities was $22.25 Mil.
Net Income was -0.001 + 0.123 + -4.357 + -12.208 = $-16.44 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 (Dec21)
to the end of last year (Jun23) was
(0.315 + 0 + 0.055 + 0 + 0) / 5 = $0.185 Mil.
Total Assets at the begining of last year (Dec21) was $0.32 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $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.

Spectaire Holdings's current Net Income (TTM) was 14.39. ==> 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.

Spectaire Holdings's current Cash Flow from Operations (TTM) was -9.15. ==> 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 (Jun23)
=14.387/0
=

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-16.443/0.315
=-52.2

Spectaire Holdings's return on assets of this year was . Spectaire Holdings's return on assets of last year was -52.2. ==> 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.

Spectaire Holdings's current Net Income (TTM) was 14.39. Spectaire Holdings's current Cash Flow from Operations (TTM) was -9.15. ==> -9.15 <= 14.39 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0.095/6.586
=0.01442454

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Jun23
=0/0.185
=0

Spectaire Holdings's gearing of this year was 0.01442454. Spectaire Holdings's gearing of last year was 0. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=0.575/22.253
=0.02583921

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=0/0
=

Spectaire Holdings's current ratio of this year was 0.02583921. Spectaire Holdings'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.

Spectaire Holdings's number of shares in issue this year was 22.263. Spectaire Holdings's number of shares in issue last year was 15.345. ==> 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
=0/0
=

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

Spectaire Holdings's gross margin of this year was . Spectaire Holdings'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 (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=0/0.315
=0

Spectaire Holdings's asset turnover of this year was . Spectaire Holdings'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+0+0+0+1+0+0+0
=2

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

Spectaire Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Spectaire Holdings  (OTCPK:SPEC) 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.


Spectaire Holdings Piotroski F-Score Related Terms

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Spectaire Holdings Business Description

Traded in Other Exchanges
N/A
Address
19 Coolidge Hill Road, Watertown, MA, USA, 02472
Spectaire Holdings Inc is an industrial technology company that allows its customers to measure, manage, and reduce carbon dioxide equivalent and other greenhouse gas emissions. Spectaire's core product offering, AireCore is a fully integrated hardware, software, and data platform.
Executives
Brian Semkiw director, officer: Chairman & CEO C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Joerg Mosolf director C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Perception Capital Partners Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Rui Mendes officer: Chief Information Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Gianfranco Baldesarra director C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Christopher Grossman officer: Chief Commercial Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Leonardo Fernandes officer: Chief Financial Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Brian Hemond director, officer: Chief Technology Officer C/O SPECTAIRE INC., 155 ARLINGTON STREET, WATERTOWN MA 02472
Northern Pacific Group, L.p. 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Tao Tan director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Karrie Willis director C/O PERCEPTION CAPITAL CORP. II, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Aqr Arbitrage Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830