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Tutor Perini (STU:PE2) Piotroski F-Score : 6 (As of Dec. 14, 2024)


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What is Tutor Perini 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

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

STU:PE2' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Tutor Perini was 7. The lowest was 2. And the median was 5.


Tutor Perini Piotroski F-Score Historical Data

The historical data trend for Tutor Perini'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.

Tutor Perini Piotroski F-Score Chart

Tutor Perini 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 4.00 7.00 3.00 3.00 6.00

Tutor Perini 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 3.00 6.00 6.00 6.00 6.00

Competitive Comparison of Tutor Perini's Piotroski F-Score

For the Engineering & Construction subindustry, Tutor Perini'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.


Tutor Perini's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tutor Perini's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Tutor Perini'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -43.584 + 14.499 + 0.754 + -90.877 = €-119 Mil.
Cash Flow from Operations was 117.064 + 90.412 + 49.366 + 20.324 = €277 Mil.
Revenue was 936.689 + 965.068 + 1047.42 + 975.617 = €3,925 Mil.
Gross Profit was 44.859 + 106.031 + 108.765 + -23.271 = €236 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(4203.126 + 4062.178 + 4020.774 + 3988.892 + 3952.237) / 5 = €4045.4414 Mil.
Total Assets at the begining of this year (Sep23) was €4,203 Mil.
Long-Term Debt & Capital Lease Obligation was €591 Mil.
Total Current Assets was €3,110 Mil.
Total Current Liabilities was €2,011 Mil.
Net Income was -87.714 + -45.949 + -34.644 + -34.572 = €-203 Mil.

Revenue was 855.876 + 725.064 + 943.076 + 993.881 = €3,518 Mil.
Gross Profit was -34.786 + -22.574 + 59.959 + 47.705 = €50 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(4808.584 + 4288.403 + 4181.311 + 4124.439 + 4203.126) / 5 = €4321.1726 Mil.
Total Assets at the begining of last year (Sep22) was €4,809 Mil.
Long-Term Debt & Capital Lease Obligation was €822 Mil.
Total Current Assets was €3,344 Mil.
Total Current Liabilities was €1,908 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.

Tutor Perini's current Net Income (TTM) was -119. ==> 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.

Tutor Perini's current Cash Flow from Operations (TTM) was 277. ==> 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 (Sep23)
=-119.208/4203.126
=-0.02836175

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-202.879/4808.584
=-0.04219101

Tutor Perini's return on assets of this year was -0.02836175. Tutor Perini's return on assets of last year was -0.04219101. ==> 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.

Tutor Perini's current Net Income (TTM) was -119. Tutor Perini's current Cash Flow from Operations (TTM) was 277. ==> 277 > -119 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=590.791/4045.4414
=0.1460387

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=821.556/4321.1726
=0.19012339

Tutor Perini's gearing of this year was 0.1460387. Tutor Perini's gearing of last year was 0.19012339. ==> 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
=3110.054/2011.149
=1.54640656

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=3343.863/1908.266
=1.75230445

Tutor Perini's current ratio of this year was 1.54640656. Tutor Perini's current ratio of last year was 1.75230445. ==> 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.

Tutor Perini's number of shares in issue this year was 52.408. Tutor Perini's number of shares in issue last year was 51.994. ==> 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
=236.384/3924.794
=0.06022838

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=50.304/3517.897
=0.01429945

Tutor Perini's gross margin of this year was 0.06022838. Tutor Perini's gross margin of last year was 0.01429945. ==> 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)
=3924.794/4203.126
=0.93377976

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=3517.897/4808.584
=0.73158689

Tutor Perini's asset turnover of this year was 0.93377976. Tutor Perini's asset turnover of last year was 0.73158689. ==> 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

Tutor Perini has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Tutor Perini  (STU:PE2) 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.


Tutor Perini Piotroski F-Score Related Terms

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Tutor Perini Business Description

Traded in Other Exchanges
Address
15901 Olden Street, Sylmar, CA, USA, 91342
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.

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