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Pepkor Holdings (STU:S1VA) Piotroski F-Score : 8 (As of Dec. 12, 2024)


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What is Pepkor Holdings Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Pepkor Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Pepkor Holdings's Piotroski F-Score or its related term are showing as below:

STU:S1VA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 10 years, the highest Piotroski F-Score of Pepkor Holdings was 8. The lowest was 3. And the median was 6.


Pepkor Holdings Piotroski F-Score Historical Data

The historical data trend for Pepkor 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.

Pepkor Holdings Piotroski F-Score Chart

Pepkor Holdings Annual Data
Trend Jun15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 8.00 6.00 5.00 8.00

Pepkor Holdings Semi-Annual Data
Jun15 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 6.00 - 5.00 - 8.00

Competitive Comparison of Pepkor Holdings's Piotroski F-Score

For the Department Stores subindustry, Pepkor 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.


Pepkor Holdings's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pepkor Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pepkor Holdings'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 €106 Mil.
Cash Flow from Operations was €316 Mil.
Revenue was €4,360 Mil.
Gross Profit was €1,670 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was (5372.297 + 5515.698) / 2 = €5443.9975 Mil.
Total Assets at the begining of this year (Sep23) was €5,372 Mil.
Long-Term Debt & Capital Lease Obligation was €963 Mil.
Total Current Assets was €1,826 Mil.
Total Current Liabilities was €1,305 Mil.
Net Income was €-64 Mil.

Revenue was €3,901 Mil.
Gross Profit was €1,420 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was (6517.827 + 5372.297) / 2 = €5945.062 Mil.
Total Assets at the begining of last year (Sep22) was €6,518 Mil.
Long-Term Debt & Capital Lease Obligation was €1,001 Mil.
Total Current Assets was €1,643 Mil.
Total Current Liabilities was €1,158 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.

Pepkor Holdings's current Net Income (TTM) was 106. ==> 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.

Pepkor Holdings's current Cash Flow from Operations (TTM) was 316. ==> 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)
=106.104/5372.297
=0.01975021

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-64.128/6517.827
=-0.00983886

Pepkor Holdings's return on assets of this year was 0.01975021. Pepkor Holdings's return on assets of last year was -0.00983886. ==> 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.

Pepkor Holdings's current Net Income (TTM) was 106. Pepkor Holdings's current Cash Flow from Operations (TTM) was 316. ==> 316 > 106 ==> 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
=962.716/5443.9975
=0.1768399

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1001.241/5945.062
=0.16841557

Pepkor Holdings's gearing of this year was 0.1768399. Pepkor Holdings's gearing of last year was 0.16841557. ==> Last year is lower than this year ==> Score 0.

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
=1825.628/1304.685
=1.39928642

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1643.012/1158.201
=1.41858969

Pepkor Holdings's current ratio of this year was 1.39928642. Pepkor Holdings's current ratio of last year was 1.41858969. ==> 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.

Pepkor Holdings's number of shares in issue this year was 3713. Pepkor Holdings's number of shares in issue last year was 3715. ==> 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
=1669.852/4359.671
=0.38302248

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1419.603/3901.017
=0.36390587

Pepkor Holdings's gross margin of this year was 0.38302248. Pepkor Holdings's gross margin of last year was 0.36390587. ==> 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)
=4359.671/5372.297
=0.81150968

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=3901.017/6517.827
=0.59851497

Pepkor Holdings's asset turnover of this year was 0.81150968. Pepkor Holdings's asset turnover of last year was 0.59851497. ==> 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+1+1+0+0+1+1+1
=7

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

Pepkor Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Pepkor Holdings  (STU:S1VA) 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.


Pepkor Holdings Piotroski F-Score Related Terms

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Pepkor Holdings Business Description

Traded in Other Exchanges
Address
36 Stellenberg Road, Parow Industria, Cape Town, WC, ZAF, 7493
Pepkor Holdings Ltd is an operator of a chain of retail stores based in Parow East, South Africa. The company functions offer segments that include clothing and general merchandise, furniture, appliances and electronics, building materials and fintech, it generates the vast majority of its revenue from the clothing and general merchandise segment, which consists of clothing, footwear and homeware products, fast-moving consumer specialty goods, cellular and financial services, thereby enabling its customers to get easy access to everyday products and services at adorable prices. Geographically, it generates majority of its revenue from South Africa and also operates in other countries.

Pepkor Holdings Headlines

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