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Sonim Technologies (STU:2W9A) Piotroski F-Score : 5 (As of May. 20, 2024)


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What is Sonim Technologies 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

Sonim Technologies has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

STU:2W9A' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 5

During the past 7 years, the highest Piotroski F-Score of Sonim Technologies was 5. The lowest was 2. And the median was 3.


Sonim Technologies Piotroski F-Score Historical Data

The historical data trend for Sonim Technologies'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.

Sonim Technologies Piotroski F-Score Chart

Sonim Technologies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 2.00 3.00 2.00 5.00 5.00

Sonim Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 5.00 5.00 5.00 -

Competitive Comparison of Sonim Technologies's Piotroski F-Score

For the Communication Equipment subindustry, Sonim Technologies'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.


Sonim Technologies's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sonim Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sonim Technologies'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 0.47 + 0.494 + -1.241 + -2.674 = €-2.95 Mil.
Cash Flow from Operations was 0.757 + -0.285 + -0.322 + -0.155 = €-0.01 Mil.
Revenue was 24.769 + 25.829 + 12.315 + 15.433 = €78.35 Mil.
Gross Profit was 4.085 + 5.25 + 4.695 + 2.67 = €16.70 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(48.382 + 49.602 + 54.918 + 51.391 + 38.994) / 5 = €48.6574 Mil.
Total Assets at the begining of this year (Mar23) was €48.38 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €27.17 Mil.
Total Current Liabilities was €19.30 Mil.
Net Income was -3.997 + -1.624 + -0.984 + 0.212 = €-6.39 Mil.

Revenue was 11.309 + 20.702 + 22.767 + 24.098 = €78.88 Mil.
Gross Profit was 2.693 + 3.349 + 3.712 + 3.899 = €13.65 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(35.68 + 35.277 + 46.461 + 50.68 + 48.382) / 5 = €43.296 Mil.
Total Assets at the begining of last year (Mar22) was €35.68 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €38.72 Mil.
Total Current Liabilities was €27.72 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.

Sonim Technologies's current Net Income (TTM) was -2.95. ==> 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.

Sonim Technologies's current Cash Flow from Operations (TTM) was -0.01. ==> 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 (Mar23)
=-2.951/48.382
=-0.06099376

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-6.393/35.68
=-0.17917601

Sonim Technologies's return on assets of this year was -0.06099376. Sonim Technologies's return on assets of last year was -0.17917601. ==> 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.

Sonim Technologies's current Net Income (TTM) was -2.95. Sonim Technologies's current Cash Flow from Operations (TTM) was -0.01. ==> -0.01 > -2.95 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/48.6574
=0

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0/43.296
=0

Sonim Technologies's gearing of this year was 0. Sonim Technologies'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: Mar24)=Total Current Assets/Total Current Liabilities
=27.174/19.297
=1.40819817

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=38.715/27.72
=1.39664502

Sonim Technologies's current ratio of this year was 1.40819817. Sonim Technologies's current ratio of last year was 1.39664502. ==> 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.

Sonim Technologies's number of shares in issue this year was 43.194. Sonim Technologies's number of shares in issue last year was 41.096. ==> 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
=16.7/78.346
=0.21315702

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.653/78.876
=0.17309448

Sonim Technologies's gross margin of this year was 0.21315702. Sonim Technologies's gross margin of last year was 0.17309448. ==> 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 (Mar23)
=78.346/48.382
=1.61932124

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=78.876/35.68
=2.21065022

Sonim Technologies's asset turnover of this year was 1.61932124. Sonim Technologies's asset turnover of last year was 2.21065022. ==> 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+1+1+0+1+0
=5

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

Sonim Technologies has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Sonim Technologies  (STU:2W9A) 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.


Sonim Technologies Piotroski F-Score Related Terms

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Sonim Technologies (STU:2W9A) Business Description

Traded in Other Exchanges
Address
4445 Eastgate Mall, Suite 200, San Diego, CA, USA, 92121
Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

Sonim Technologies (STU:2W9A) Headlines

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