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Citic Telecom International Holdings (STU:B7O) Piotroski F-Score : 5 (As of Apr. 16, 2025)


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What is Citic Telecom International 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

Citic Telecom International Holdings 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 Citic Telecom International Holdings's Piotroski F-Score or its related term are showing as below:

STU:B7O' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Citic Telecom International Holdings was 8. The lowest was 4. And the median was 6.


Citic Telecom International Holdings Piotroski F-Score Historical Data

The historical data trend for Citic Telecom International 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.

Citic Telecom International Holdings Piotroski F-Score Chart

Citic Telecom International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 8.00 6.00 5.00

Citic Telecom International Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 8.00 - 6.00 - 5.00

Competitive Comparison of Citic Telecom International Holdings's Piotroski F-Score

For the Telecom Services subindustry, Citic Telecom International 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.


Citic Telecom International Holdings's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Citic Telecom International Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Citic Telecom International Holdings's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was €112 Mil.
Cash Flow from Operations was €192 Mil.
Revenue was €1,176 Mil.
Gross Profit was €436 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (2038.704 + 2144.432) / 2 = €2091.568 Mil.
Total Assets at the begining of this year (Dec23) was €2,039 Mil.
Long-Term Debt & Capital Lease Obligation was €72 Mil.
Total Current Assets was €457 Mil.
Total Current Liabilities was €720 Mil.
Net Income was €145 Mil.

Revenue was €1,173 Mil.
Gross Profit was €493 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (2204.494 + 2038.704) / 2 = €2121.599 Mil.
Total Assets at the begining of last year (Dec22) was €2,204 Mil.
Long-Term Debt & Capital Lease Obligation was €439 Mil.
Total Current Assets was €397 Mil.
Total Current Liabilities was €299 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.

Citic Telecom International Holdings's current Net Income (TTM) was 112. ==> 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.

Citic Telecom International Holdings's current Cash Flow from Operations (TTM) was 192. ==> 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 (Dec23)
=111.798/2038.704
=0.05483778

ROA (Last Year)=Net Income/Total Assets (Dec22)
=144.54/2204.494
=0.06556607

Citic Telecom International Holdings's return on assets of this year was 0.05483778. Citic Telecom International Holdings's return on assets of last year was 0.06556607. ==> 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.

Citic Telecom International Holdings's current Net Income (TTM) was 112. Citic Telecom International Holdings's current Cash Flow from Operations (TTM) was 192. ==> 192 > 112 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=71.502/2091.568
=0.03418584

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=438.786/2121.599
=0.20681854

Citic Telecom International Holdings's gearing of this year was 0.03418584. Citic Telecom International Holdings's gearing of last year was 0.20681854. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=456.652/720.421
=0.63386825

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=396.633/299.06
=1.32626563

Citic Telecom International Holdings's current ratio of this year was 0.63386825. Citic Telecom International Holdings's current ratio of last year was 1.32626563. ==> 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.

Citic Telecom International Holdings's number of shares in issue this year was 3701. Citic Telecom International Holdings's number of shares in issue last year was 3699. ==> 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
=436.258/1176.09
=0.3709393

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=493.384/1172.639
=0.42074671

Citic Telecom International Holdings's gross margin of this year was 0.3709393. Citic Telecom International Holdings's gross margin of last year was 0.42074671. ==> 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 (Dec23)
=1176.09/2038.704
=0.5768812

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1172.639/2204.494
=0.53193114

Citic Telecom International Holdings's asset turnover of this year was 0.5768812. Citic Telecom International Holdings's asset turnover of last year was 0.53193114. ==> 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+0+1+1+0+0+0+1
=5

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

Citic Telecom International Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Citic Telecom International Holdings  (STU:B7O) 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.


Citic Telecom International Holdings Piotroski F-Score Related Terms

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Citic Telecom International Holdings Business Description

Traded in Other Exchanges
Address
93 Kwai Fuk Road, 25th Floor, CITIC Telecom Tower, Kwai Chung, New Territories, Hong Kong, HKG
Citic Telecom International Holdings Ltd is a telecommunications company. It derives revenue from cellphone services, Internet services, international telecommunications services, enterprise solutions and fixed-line services, and sale of equipment and mobile handsets. Enterprise services involves providing information and communication technologies to companies. This division is the largest contributor to overall company revenue. The company has operations in Hong Kong and Macau; the company earns the majority of revenue within Macau. CITIC Telecom is an owner of telecommunications infrastructure.

Citic Telecom International Holdings Headlines

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