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PT Star Pacific Tbk (STU:LPL2) Piotroski F-Score : 5 (As of Mar. 28, 2025)


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What is PT Star Pacific Tbk 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

PT Star Pacific Tbk 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 PT Star Pacific Tbk's Piotroski F-Score or its related term are showing as below:

STU:LPL2' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 6
Current: 5

During the past 13 years, the highest Piotroski F-Score of PT Star Pacific Tbk was 6. The lowest was 1. And the median was 5.


PT Star Pacific Tbk Piotroski F-Score Historical Data

The historical data trend for PT Star Pacific Tbk'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.

PT Star Pacific Tbk Piotroski F-Score Chart

PT Star Pacific Tbk 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 5.00 1.00 5.00 6.00 5.00

PT Star Pacific Tbk 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 6.00 5.00 3.00 6.00 5.00

Competitive Comparison of PT Star Pacific Tbk's Piotroski F-Score

For the Real Estate Services subindustry, PT Star Pacific Tbk'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.


PT Star Pacific Tbk's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Star Pacific Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Star Pacific Tbk'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 2.758 + 3.912 + -0.156 + -1.86 = €4.65 Mil.
Cash Flow from Operations was -1.006 + -1.627 + -1.205 + -1.708 = €-5.55 Mil.
Revenue was 0.291 + 0.301 + 0.293 + 0.302 = €1.19 Mil.
Gross Profit was 0.008 + 0.022 + 0.022 + 0.022 = €0.07 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(97.738 + 99.51 + 99.423 + 90.356 + 97.483) / 5 = €96.902 Mil.
Total Assets at the begining of this year (Sep23) was €97.74 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €72.43 Mil.
Total Current Liabilities was €0.25 Mil.
Net Income was 0.781 + 26.53 + -20.472 + 10.264 = €17.10 Mil.

Revenue was 0.391 + 0.381 + 0.312 + 0.294 = €1.38 Mil.
Gross Profit was -0.062 + -0.056 + 0.006 + 0.014 = €-0.10 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(75.172 + 68.044 + 76.596 + 76.513 + 97.738) / 5 = €78.8126 Mil.
Total Assets at the begining of last year (Sep22) was €75.17 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €56.78 Mil.
Total Current Liabilities was €1.22 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.

PT Star Pacific Tbk's current Net Income (TTM) was 4.65. ==> 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.

PT Star Pacific Tbk's current Cash Flow from Operations (TTM) was -5.55. ==> 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 (Sep23)
=4.654/97.738
=0.0476171

ROA (Last Year)=Net Income/Total Assets (Sep22)
=17.103/75.172
=0.22751822

PT Star Pacific Tbk's return on assets of this year was 0.0476171. PT Star Pacific Tbk's return on assets of last year was 0.22751822. ==> 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.

PT Star Pacific Tbk's current Net Income (TTM) was 4.65. PT Star Pacific Tbk's current Cash Flow from Operations (TTM) was -5.55. ==> -5.55 <= 4.65 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0/96.902
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/78.8126
=0

PT Star Pacific Tbk's gearing of this year was 0. PT Star Pacific Tbk'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: Sep24)=Total Current Assets/Total Current Liabilities
=72.426/0.25
=289.704

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=56.784/1.219
=46.58244463

PT Star Pacific Tbk's current ratio of this year was 289.704. PT Star Pacific Tbk's current ratio of last year was 46.58244463. ==> 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.

PT Star Pacific Tbk's number of shares in issue this year was 1170.433. PT Star Pacific Tbk's number of shares in issue last year was 1170.433. ==> 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
=0.074/1.187
=0.06234204

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.098/1.378
=-0.07111756

PT Star Pacific Tbk's gross margin of this year was 0.06234204. PT Star Pacific Tbk's gross margin of last year was -0.07111756. ==> 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 (Sep23)
=1.187/97.738
=0.01214471

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1.378/75.172
=0.01833129

PT Star Pacific Tbk's asset turnover of this year was 0.01214471. PT Star Pacific Tbk's asset turnover of last year was 0.01833129. ==> 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+0+0+0+1+1+1+1+0
=5

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

PT Star Pacific Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

PT Star Pacific Tbk  (STU:LPL2) 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.


PT Star Pacific Tbk Piotroski F-Score Related Terms

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PT Star Pacific Tbk Business Description

Traded in Other Exchanges
Address
Jalan Boulevard Diponegoro No. 101, Graha Lippo, Lantai LG, Lippo Village, Tangerang, IDN, 15810
PT Star Pacific Tbk is engaged in investment and the lease of investment property owned by the company. The company operates in three segments Investment, real estate for lease, Mass Media, and Others. The Investment, real estate for lease segment of the company derives the majority of revenue. The company's income can be divided into two parts, namely rental income and investment income. The company's rental income comes from office space in buildings owned by the company.

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