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Qiagen NV (STU:QIA) Piotroski F-Score : 5 (As of Oct. 31, 2024)


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What is Qiagen NV 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

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

STU:QIA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Qiagen NV was 8. The lowest was 3. And the median was 6.


Qiagen NV Piotroski F-Score Historical Data

The historical data trend for Qiagen NV'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.

Qiagen NV Piotroski F-Score Chart

Qiagen NV 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 7.00 6.00 4.00

Qiagen NV Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.00 5.00 4.00 5.00 5.00

Competitive Comparison of Qiagen NV's Piotroski F-Score

For the Diagnostics & Research subindustry, Qiagen NV'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.


Qiagen NV's Piotroski F-Score Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Qiagen NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Qiagen NV'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 72.915 + 89.558 + 74.219 + -170.434 = €66 Mil.
Cash Flow from Operations was 116.829 + 138.804 + 122.432 + 154.787 = €533 Mil.
Revenue was 445.913 + 466.902 + 422.092 + 461.106 = €1,796 Mil.
Gross Profit was 279.189 + 289.864 + 267.71 + 32.296 = €869 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(5858.528 + 5534.576 + 5607.629 + 5341.455 + 5188.131) / 5 = €5506.0638 Mil.
Total Assets at the begining of this year (Jun23) was €5,859 Mil.
Long-Term Debt & Capital Lease Obligation was €844 Mil.
Total Current Assets was €1,700 Mil.
Total Current Liabilities was €961 Mil.
Net Income was 83.218 + 83.869 + 79.423 + 74.565 = €321 Mil.

Revenue was 504.627 + 470.097 + 453.362 + 456.753 = €1,885 Mil.
Gross Profit was 324.262 + 299.743 + 287.183 + 288.116 = €1,199 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(5821.386 + 6581.783 + 5935.622 + 5864.542 + 5858.528) / 5 = €6012.3722 Mil.
Total Assets at the begining of last year (Jun22) was €5,821 Mil.
Long-Term Debt & Capital Lease Obligation was €1,281 Mil.
Total Current Assets was €2,133 Mil.
Total Current Liabilities was €903 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.

Qiagen NV's current Net Income (TTM) was 66. ==> 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.

Qiagen NV's current Cash Flow from Operations (TTM) was 533. ==> 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 (Jun23)
=66.258/5858.528
=0.01130967

ROA (Last Year)=Net Income/Total Assets (Jun22)
=321.075/5821.386
=0.05515439

Qiagen NV's return on assets of this year was 0.01130967. Qiagen NV's return on assets of last year was 0.05515439. ==> 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.

Qiagen NV's current Net Income (TTM) was 66. Qiagen NV's current Cash Flow from Operations (TTM) was 533. ==> 533 > 66 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=844.387/5506.0638
=0.15335583

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=1281.066/6012.3722
=0.21307164

Qiagen NV's gearing of this year was 0.15335583. Qiagen NV's gearing of last year was 0.21307164. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=1699.865/961.433
=1.76805352

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=2133.448/903.109
=2.36233722

Qiagen NV's current ratio of this year was 1.76805352. Qiagen NV's current ratio of last year was 2.36233722. ==> 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.

Qiagen NV's number of shares in issue this year was 221.989. Qiagen NV's number of shares in issue last year was 230.517. ==> 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
=869.059/1796.013
=0.48388235

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1199.304/1884.839
=0.63628989

Qiagen NV's gross margin of this year was 0.48388235. Qiagen NV's gross margin of last year was 0.63628989. ==> 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 (Jun23)
=1796.013/5858.528
=0.30656387

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=1884.839/5821.386
=0.32377839

Qiagen NV's asset turnover of this year was 0.30656387. Qiagen NV's asset turnover of last year was 0.32377839. ==> 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+1+0+1+1+0+1+0+0
=5

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

Qiagen NV has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Qiagen NV  (STU:QIA) 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.


Qiagen NV Piotroski F-Score Related Terms

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Qiagen NV Business Description

Address
Hulsterweg 82, Venlo, LI, NLD, 5912 PL
Qiagen offers proprietary sample and assay technology to extract, purify, amplify, and interpret DNA, RNA, and proteins. The company's sales are split almost evenly between applications in life sciences and molecular diagnostics. Qiagen generates nearly 90% of its revenue from consumables with the balance coming from instrumentation and related services. The Americas account for the largest portion of the firm's revenue (52% of 2023 sales), followed by EMEA (32%), and the Asia-Pacific (16%).

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