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SRAIF (Stadler Rail AG) Piotroski F-Score : 7 (As of Mar. 25, 2025)


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What is Stadler Rail AG Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Stadler Rail AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

SRAIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 8 years, the highest Piotroski F-Score of Stadler Rail AG was 7. The lowest was 2. And the median was 4.


Stadler Rail AG Piotroski F-Score Historical Data

The historical data trend for Stadler Rail AG'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.

Stadler Rail AG Piotroski F-Score Chart

Stadler Rail AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 3.00 2.00 6.00 5.00 7.00

Stadler Rail AG Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 5.00 - 7.00 -

Competitive Comparison of Stadler Rail AG's Piotroski F-Score

For the Railroads subindustry, Stadler Rail AG'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.


Stadler Rail AG's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stadler Rail AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Stadler Rail AG'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 $144 Mil.
Cash Flow from Operations was $1,047 Mil.
Revenue was $4,173 Mil.
Gross Profit was $468 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (4718.212 + 5791.6) / 2 = $5254.906 Mil.
Total Assets at the begining of this year (Dec22) was $4,718 Mil.
Long-Term Debt & Capital Lease Obligation was $597 Mil.
Total Current Assets was $4,174 Mil.
Total Current Liabilities was $4,105 Mil.
Net Income was $78 Mil.

Revenue was $4,026 Mil.
Gross Profit was $414 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (4993.152 + 4718.212) / 2 = $4855.682 Mil.
Total Assets at the begining of last year (Dec21) was $4,993 Mil.
Long-Term Debt & Capital Lease Obligation was $646 Mil.
Total Current Assets was $3,346 Mil.
Total Current Liabilities was $3,118 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.

Stadler Rail AG's current Net Income (TTM) was 144. ==> 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.

Stadler Rail AG's current Cash Flow from Operations (TTM) was 1,047. ==> 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)
=143.753/4718.212
=0.03046769

ROA (Last Year)=Net Income/Total Assets (Dec21)
=78.25/4993.152
=0.01567146

Stadler Rail AG's return on assets of this year was 0.03046769. Stadler Rail AG's return on assets of last year was 0.01567146. ==> 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.

Stadler Rail AG's current Net Income (TTM) was 144. Stadler Rail AG's current Cash Flow from Operations (TTM) was 1,047. ==> 1,047 > 144 ==> 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
=597.099/5254.906
=0.11362696

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=645.549/4855.682
=0.13294713

Stadler Rail AG's gearing of this year was 0.11362696. Stadler Rail AG's gearing of last year was 0.13294713. ==> 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
=4173.726/4104.668
=1.01682426

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=3346.397/3117.546
=1.07340742

Stadler Rail AG's current ratio of this year was 1.01682426. Stadler Rail AG's current ratio of last year was 1.07340742. ==> 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.

Stadler Rail AG's number of shares in issue this year was 99.989. Stadler Rail AG's number of shares in issue last year was 99.983. ==> 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
=467.898/4172.567
=0.11213673

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=413.708/4025.888
=0.10276192

Stadler Rail AG's gross margin of this year was 0.11213673. Stadler Rail AG's gross margin of last year was 0.10276192. ==> 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)
=4172.567/4718.212
=0.88435344

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=4025.888/4993.152
=0.80628188

Stadler Rail AG's asset turnover of this year was 0.88435344. Stadler Rail AG's asset turnover of last year was 0.80628188. ==> This year's asset turnover is higher. ==> Score 1.

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+1
=7

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

Stadler Rail AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Stadler Rail AG  (OTCPK:SRAIF) 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.


Stadler Rail AG Piotroski F-Score Related Terms

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Stadler Rail AG Business Description

Traded in Other Exchanges
Address
Ernst-Stadler-Strasse 1, Bussnang, CHE, 9565
Stadler Rail AG is a Switzerland based producer of rolling stock and related systems. The company operates in three reportable segments that are Rolling Stock segment which include the manufacturing of various types of rail vehicles. The Service & Components segment offers full service, modernization and revision, spare parts service, and vehicle repairs, including the maintenance and assessment of defects, and Signalling segment develops and distributes various signalling solutions for vehicles and infrastructures. Geographically the company operates in Germany, Austria, Switzerland, Western Europe, Eastern Europe, America, CIS and Rest of the world.

Stadler Rail AG Headlines

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