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Service International (STU:SVC) Piotroski F-Score : 7 (As of Jun. 11, 2024)


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What is Service International Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Service International 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 Service International's Piotroski F-Score or its related term are showing as below:

STU:SVC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Service International was 9. The lowest was 4. And the median was 6.


Service International Piotroski F-Score Historical Data

The historical data trend for Service International'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.

Service International Piotroski F-Score Chart

Service International 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 7.00 8.00 9.00 4.00 6.00

Service International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.00 5.00 6.00 6.00 7.00

Competitive Comparison of Service International's Piotroski F-Score

For the Personal Services subindustry, Service International'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.


Service International's Piotroski F-Score Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Service International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Service International'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 122.01 + 114.287 + 126.908 + 120.797 = €484 Mil.
Cash Flow from Operations was 132.978 + 213.463 + 254.545 + 202.513 = €803 Mil.
Revenue was 935.381 + 938.742 + 968.165 + 961.751 = €3,804 Mil.
Gross Profit was 241.335 + 237.701 + 263.694 + 252.276 = €995 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(14331.214 + 14471.312 + 14695.099 + 14997.902 + 15359.486) / 5 = €14771.0026 Mil.
Total Assets at the begining of this year (Mar23) was €14,331 Mil.
Long-Term Debt & Capital Lease Obligation was €4,244 Mil.
Total Current Assets was €413 Mil.
Total Current Liabilities was €668 Mil.
Net Income was 125.506 + 122.059 + 87.136 + 135.209 = €470 Mil.

Revenue was 937.349 + 987.497 + 970.133 + 960.814 = €3,856 Mil.
Gross Profit was 252.246 + 233.266 + 264.403 + 270.014 = €1,020 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(14035.078 + 13908.055 + 14636.444 + 14222.339 + 14331.214) / 5 = €14226.626 Mil.
Total Assets at the begining of last year (Mar22) was €14,035 Mil.
Long-Term Debt & Capital Lease Obligation was €4,042 Mil.
Total Current Assets was €305 Mil.
Total Current Liabilities was €717 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.

Service International's current Net Income (TTM) was 484. ==> 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.

Service International's current Cash Flow from Operations (TTM) was 803. ==> 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 (Mar23)
=484.002/14331.214
=0.03377258

ROA (Last Year)=Net Income/Total Assets (Mar22)
=469.91/14035.078
=0.03348111

Service International's return on assets of this year was 0.03377258. Service International's return on assets of last year was 0.03348111. ==> 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.

Service International's current Net Income (TTM) was 484. Service International's current Cash Flow from Operations (TTM) was 803. ==> 803 > 484 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=4244.144/14771.0026
=0.28732945

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=4042.153/14226.626
=0.28412591

Service International's gearing of this year was 0.28732945. Service International's gearing of last year was 0.28412591. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=413.395/668.056
=0.61880291

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=304.59/716.751
=0.4249593

Service International's current ratio of this year was 0.61880291. Service International's current ratio of last year was 0.4249593. ==> 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.

Service International's number of shares in issue this year was 147.913. Service International's number of shares in issue last year was 155.3. ==> 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
=995.006/3804.039
=0.26156567

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1019.929/3855.793
=0.26451861

Service International's gross margin of this year was 0.26156567. Service International's gross margin of last year was 0.26451861. ==> 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 (Mar23)
=3804.039/14331.214
=0.26543732

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3855.793/14035.078
=0.27472544

Service International's asset turnover of this year was 0.26543732. Service International's asset turnover of last year was 0.27472544. ==> 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+1+1+0+1+1+0+0
=6

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

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

Service International  (STU:SVC) 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.


Service International Piotroski F-Score Related Terms

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Service International (STU:SVC) Business Description

Traded in Other Exchanges
Address
1929 Allen Parkway, Houston, TX, USA, 77019
Service Corp International is a personal services company that provides funeral and cemetery services and products from its locations throughout the United States and Canada. The company segments its operations into funeral service and cemetery business functions. At its funeral service locations, Service Corp. provides all professional services, facilities, vehicles, and merchandise related to funerals and cremations. Cemetery locations provide cemetery property, memorial markers, and graveyard services to customers. Service Corp. derives the majority of its revenue from its funeral locations, while the cemetery division also generates a significant amount of the company's total income. Geographically, the company gets a major share of revenue from the United States.