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H.I.S. Co (STU:HIZ) Piotroski F-Score : 6 (As of Dec. 15, 2024)


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What is H.I.S. Co 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

H.I.S. Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for H.I.S. Co's Piotroski F-Score or its related term are showing as below:

STU:HIZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of H.I.S. Co was 6. The lowest was 2. And the median was 3.


H.I.S. Co Piotroski F-Score Historical Data

The historical data trend for H.I.S. Co'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.

H.I.S. Co Piotroski F-Score Chart

H.I.S. Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 2.00 4.00 6.00

H.I.S. Co Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 - 6.00 - - -

Competitive Comparison of H.I.S. Co's Piotroski F-Score

For the Travel Services subindustry, H.I.S. Co'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.


H.I.S. Co's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, H.I.S. Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where H.I.S. Co'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 (Oct23) TTM:Last Year (Oct22) TTM:
Net Income was €-17 Mil.
Cash Flow from Operations was €197 Mil.
Revenue was €1,594 Mil.
Gross Profit was €524 Mil.
Average Total Assets from the begining of this year (Oct22)
to the end of this year (Oct23) was (2864.362 + 2793.94) / 2 = €2829.151 Mil.
Total Assets at the begining of this year (Oct22) was €2,864 Mil.
Long-Term Debt & Capital Lease Obligation was €1,042 Mil.
Total Current Assets was €1,377 Mil.
Total Current Liabilities was €1,283 Mil.
Net Income was €-66 Mil.

Revenue was €986 Mil.
Gross Profit was €195 Mil.
Average Total Assets from the begining of last year (Oct21)
to the end of last year (Oct22) was (3135.278 + 2864.362) / 2 = €2999.82 Mil.
Total Assets at the begining of last year (Oct21) was €3,135 Mil.
Long-Term Debt & Capital Lease Obligation was €1,473 Mil.
Total Current Assets was €1,301 Mil.
Total Current Liabilities was €887 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.

H.I.S. Co's current Net Income (TTM) was -17. ==> 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.

H.I.S. Co's current Cash Flow from Operations (TTM) was 197. ==> 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 (Oct22)
=-16.573/2864.362
=-0.00578593

ROA (Last Year)=Net Income/Total Assets (Oct21)
=-65.897/3135.278
=-0.02101791

H.I.S. Co's return on assets of this year was -0.00578593. H.I.S. Co's return on assets of last year was -0.02101791. ==> 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.

H.I.S. Co's current Net Income (TTM) was -17. H.I.S. Co's current Cash Flow from Operations (TTM) was 197. ==> 197 > -17 ==> 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: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=1041.905/2829.151
=0.36827479

Gearing (Last Year: Oct22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct21 to Oct22
=1472.946/2999.82
=0.49101146

H.I.S. Co's gearing of this year was 0.36827479. H.I.S. Co's gearing of last year was 0.49101146. ==> 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: Oct23)=Total Current Assets/Total Current Liabilities
=1377.048/1282.761
=1.07350317

Current Ratio (Last Year: Oct22)=Total Current Assets/Total Current Liabilities
=1301.043/887.427
=1.46608453

H.I.S. Co's current ratio of this year was 1.07350317. H.I.S. Co's current ratio of last year was 1.46608453. ==> 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.

H.I.S. Co's number of shares in issue this year was 74.074. H.I.S. Co's number of shares in issue last year was 73.436. ==> 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
=524.02/1594.437
=0.32865519

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=195.04/985.613
=0.197887

H.I.S. Co's gross margin of this year was 0.32865519. H.I.S. Co's gross margin of last year was 0.197887. ==> 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 (Oct22)
=1594.437/2864.362
=0.55664647

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct21)
=985.613/3135.278
=0.31436224

H.I.S. Co's asset turnover of this year was 0.55664647. H.I.S. Co's asset turnover of last year was 0.31436224. ==> 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
=0+1+1+1+1+0+0+1+1
=6

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

H.I.S. Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

H.I.S. Co  (STU:HIZ) 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.


H.I.S. Co Piotroski F-Score Related Terms

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H.I.S. Co Business Description

Traded in Other Exchanges
Address
6-8-1 Nishishinjuku, Shinjuku Oak Tower 29F, Shinjuku-ku, Tokyo, JPN, 163-6029
H.I.S. Co Ltd is a Japanese tourism and leisure company. The company organises itself into six segments: travel business, Huis Ten Bosch Group, hotel business, transportation business, The Kyushu Sanko Group, and other business. The travel business segment, which contributes the vast majority of company revenue, includes the company's domestic and international travel agency operations including tours, cruises, honeymoons, and airline tickets. The Huis Ten Bosch Group, the second- largest contributor to company revenue, includes H.I.S.'s theme and water park operations. The company earns the majority of its revenue within Japan.

H.I.S. Co Headlines

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