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Laboratorios Farmaceuticos Rovi (STU:41L) Piotroski F-Score : 4 (As of Dec. 14, 2024)


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What is Laboratorios Farmaceuticos Rovi 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

Laboratorios Farmaceuticos Rovi has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

STU:41L' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Laboratorios Farmaceuticos Rovi was 8. The lowest was 3. And the median was 5.


Laboratorios Farmaceuticos Rovi Piotroski F-Score Historical Data

The historical data trend for Laboratorios Farmaceuticos Rovi'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.

Laboratorios Farmaceuticos Rovi Piotroski F-Score Chart

Laboratorios Farmaceuticos Rovi Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 7.00 7.00 5.00

Laboratorios Farmaceuticos Rovi Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.00 4.00 -

Competitive Comparison of Laboratorios Farmaceuticos Rovi's Piotroski F-Score

For the Biotechnology subindustry, Laboratorios Farmaceuticos Rovi'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.


Laboratorios Farmaceuticos Rovi's Piotroski F-Score Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Laboratorios Farmaceuticos Rovi's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Laboratorios Farmaceuticos Rovi'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 52.181 + 51.508 + 14.961 + 29.384 = €148.0 Mil.
Cash Flow from Operations was -0.318 + 61.026 + 15.544 + 14.205 = €90.5 Mil.
Revenue was 214.028 + 234.636 + 151.175 + 178.161 = €778.0 Mil.
Gross Profit was 136.258 + 138.565 + 85.67 + 110.315 = €470.8 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(899.832 + 830.725 + 799.884 + 778.663 + 857.325) / 5 = €833.2858 Mil.
Total Assets at the begining of this year (Jun23) was €899.8 Mil.
Long-Term Debt & Capital Lease Obligation was €98.1 Mil.
Total Current Assets was €540.8 Mil.
Total Current Liabilities was €272.5 Mil.
Net Income was 40.884 + 78.165 + 47.459 + 19.187 = €185.7 Mil.

Revenue was 195.098 + 242.201 + 201.63 + 179.215 = €818.1 Mil.
Gross Profit was 116.789 + 176.511 + 126.021 + 91.441 = €510.8 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(791.565 + 772.466 + 878.703 + 885.195 + 899.832) / 5 = €845.5522 Mil.
Total Assets at the begining of last year (Jun22) was €791.6 Mil.
Long-Term Debt & Capital Lease Obligation was €54.5 Mil.
Total Current Assets was €638.0 Mil.
Total Current Liabilities was €321.6 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.

Laboratorios Farmaceuticos Rovi's current Net Income (TTM) was 148.0. ==> 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.

Laboratorios Farmaceuticos Rovi's current Cash Flow from Operations (TTM) was 90.5. ==> 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 (Jun23)
=148.034/899.832
=0.16451293

ROA (Last Year)=Net Income/Total Assets (Jun22)
=185.695/791.565
=0.23459223

Laboratorios Farmaceuticos Rovi's return on assets of this year was 0.16451293. Laboratorios Farmaceuticos Rovi's return on assets of last year was 0.23459223. ==> 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.

Laboratorios Farmaceuticos Rovi's current Net Income (TTM) was 148.0. Laboratorios Farmaceuticos Rovi's current Cash Flow from Operations (TTM) was 90.5. ==> 90.5 <= 148.0 ==> 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
=98.144/833.2858
=0.11777952

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=54.54/845.5522
=0.06450223

Laboratorios Farmaceuticos Rovi's gearing of this year was 0.11777952. Laboratorios Farmaceuticos Rovi's gearing of last year was 0.06450223. ==> 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
=540.781/272.455
=1.9848452

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=637.965/321.594
=1.98375903

Laboratorios Farmaceuticos Rovi's current ratio of this year was 1.9848452. Laboratorios Farmaceuticos Rovi's current ratio of last year was 1.98375903. ==> 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.

Laboratorios Farmaceuticos Rovi's number of shares in issue this year was 51.149. Laboratorios Farmaceuticos Rovi's number of shares in issue last year was 53.37. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=470.808/778
=0.60515167

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=510.762/818.144
=0.62429352

Laboratorios Farmaceuticos Rovi's gross margin of this year was 0.60515167. Laboratorios Farmaceuticos Rovi's gross margin of last year was 0.62429352. ==> 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 (Jun23)
=778/899.832
=0.86460584

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=818.144/791.565
=1.03357779

Laboratorios Farmaceuticos Rovi's asset turnover of this year was 0.86460584. Laboratorios Farmaceuticos Rovi's asset turnover of last year was 1.03357779. ==> 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+0+0+0+1+1+0+0
=4

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

Laboratorios Farmaceuticos Rovi has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Laboratorios Farmaceuticos Rovi  (STU:41L) 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.


Laboratorios Farmaceuticos Rovi Piotroski F-Score Related Terms

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Laboratorios Farmaceuticos Rovi Business Description

Traded in Other Exchanges
Address
Julian Camarillo, 35, Madrid, ESP, 28037
Laboratorios Farmaceuticos Rovi SA is a biotechnology company engaged in the research, development, manufacturing, and marketing of small molecule and specialty biologic drugs. The company has a diversified portfolio of products that it markets in Spain through its specialized sales force of specialist physicians, hospitals and pharmacies. Laboratorios' research and development pipeline is focused on the expansion of applications, indications, and alternative mechanisms of action for heparin-derived products. The company aims to obtain new pharmaceutical products that enable the regular administration of formulations that are administered daily in chronic and prolonged treatments. Its two segments are Manufacturing and Marketing.

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