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Cimpress (STU:7VP) Piotroski F-Score : 7 (As of May. 11, 2024)


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What is Cimpress 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

Cimpress 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 Cimpress's Piotroski F-Score or its related term are showing as below:

STU:7VP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Cimpress was 8. The lowest was 2. And the median was 5.


Cimpress Piotroski F-Score Historical Data

The historical data trend for Cimpress'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.

Cimpress Piotroski F-Score Chart

Cimpress Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 5.00 3.00

Cimpress 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 2.00 3.00 3.00 7.00 7.00

Competitive Comparison of Cimpress's Piotroski F-Score

For the Advertising Agencies subindustry, Cimpress'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.


Cimpress's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cimpress's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cimpress'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 26.572 + 4.267 + 53.282 + -3.66 = €80 Mil.
Cash Flow from Operations was 57.055 + 39.592 + 160.425 + 7.753 = €265 Mil.
Revenue was 728.105 + 709.584 + 844.89 + 718.141 = €3,001 Mil.
Gross Profit was 347.285 + 335.925 + 419.931 + 345.846 = €1,449 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(1768.47 + 1712.035 + 1695.474 + 1786.306 + 1641.568) / 5 = €1720.7706 Mil.
Total Assets at the begining of this year (Mar23) was €1,768 Mil.
Long-Term Debt & Capital Lease Obligation was €1,540 Mil.
Total Current Assets was €407 Mil.
Total Current Liabilities was €585 Mil.
Net Income was -28.952 + -25.695 + -132.16 + -46.07 = €-233 Mil.

Revenue was 683.795 + 710.449 + 797.871 + 693.181 = €2,885 Mil.
Gross Profit was 322.094 + 328.937 + 367.98 + 324.337 = €1,343 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(1928.147 + 2050.618 + 2119.027 + 1842.788 + 1768.47) / 5 = €1941.81 Mil.
Total Assets at the begining of last year (Mar22) was €1,928 Mil.
Long-Term Debt & Capital Lease Obligation was €1,648 Mil.
Total Current Assets was €439 Mil.
Total Current Liabilities was €631 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.

Cimpress's current Net Income (TTM) was 80. ==> 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.

Cimpress's current Cash Flow from Operations (TTM) was 265. ==> 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 (Mar23)
=80.461/1768.47
=0.04549752

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-232.877/1928.147
=-0.12077762

Cimpress's return on assets of this year was 0.04549752. Cimpress's return on assets of last year was -0.12077762. ==> 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.

Cimpress's current Net Income (TTM) was 80. Cimpress's current Cash Flow from Operations (TTM) was 265. ==> 265 > 80 ==> 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
=1540.057/1720.7706
=0.894981

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1647.754/1941.81
=0.84856603

Cimpress's gearing of this year was 0.894981. Cimpress's gearing of last year was 0.84856603. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=406.804/585.046
=0.69533678

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=439.097/631.001
=0.6958737

Cimpress's current ratio of this year was 0.69533678. Cimpress's current ratio of last year was 0.6958737. ==> 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.

Cimpress's number of shares in issue this year was 26.216. Cimpress's number of shares in issue last year was 26.268. ==> 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
=1448.987/3000.72
=0.48287978

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1343.348/2885.296
=0.46558412

Cimpress's gross margin of this year was 0.48287978. Cimpress's gross margin of last year was 0.46558412. ==> 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)
=3000.72/1768.47
=1.69678875

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=2885.296/1928.147
=1.49640873

Cimpress's asset turnover of this year was 1.69678875. Cimpress's asset turnover of last year was 1.49640873. ==> 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+0+0+1+1+1
=7

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

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

Cimpress  (STU:7VP) 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.


Cimpress Piotroski F-Score Related Terms

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Cimpress (STU:7VP) Business Description

Traded in Other Exchanges
Address
Finnabair Business and Technology Park, First Floor, Building 3, Dundalk, Louth, IRL, A91 XR61
Cimpress PLC invests in and builds customer-focused, entrepreneurial, mass-customization businesses for the long term. Mass customization seeks to produce goods and services to meet individual customer needs with near mass production efficiency. The company's segment includes Vista; PrintBrothers; The Print Group; National Pen and All Other Businesses. It generates maximum revenue from the Vista segment.

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