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Sterling Infrastructure (STU:UAO) Piotroski F-Score : 8 (As of Apr. 12, 2025)


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What is Sterling Infrastructure 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

Sterling Infrastructure has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

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

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


Sterling Infrastructure Piotroski F-Score Historical Data

The historical data trend for Sterling Infrastructure'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.

Sterling Infrastructure Piotroski F-Score Chart

Sterling Infrastructure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 7.00 6.00 8.00

Sterling Infrastructure Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 6.00 8.00 8.00

Competitive Comparison of Sterling Infrastructure's Piotroski F-Score

For the Engineering & Construction subindustry, Sterling Infrastructure'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.


Sterling Infrastructure's Piotroski F-Score Distribution in the Construction Industry

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

* The bar in red indicates where Sterling Infrastructure'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 28.564 + 48.196 + 55.25 + 108.118 = €240 Mil.
Cash Flow from Operations was 45.624 + 112.381 + 137.199 + 166.427 = €462 Mil.
Revenue was 405.131 + 541.442 + 534.961 + 476.386 = €1,958 Mil.
Gross Profit was 70.752 + 104.738 + 116.949 + 101.877 = €394 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1629.678 + 1672.096 + 1825.067 + 1823.25 + 1926.019) / 5 = €1775.222 Mil.
Total Assets at the begining of this year (Dec23) was €1,630 Mil.
Long-Term Debt & Capital Lease Obligation was €308 Mil.
Total Current Assets was €976 Mil.
Total Current Liabilities was €709 Mil.
Net Income was 18.352 + 36.44 + 36.874 + 36.839 = €129 Mil.

Revenue was 376.943 + 482.106 + 525.045 + 445.642 = €1,830 Mil.
Gross Profit was 57.667 + 85.169 + 86.079 + 84.139 = €313 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1360.889 + 1336.674 + 1446.671 + 1615.205 + 1629.678) / 5 = €1477.8234 Mil.
Total Assets at the begining of last year (Dec22) was €1,361 Mil.
Long-Term Debt & Capital Lease Obligation was €323 Mil.
Total Current Assets was €778 Mil.
Total Current Liabilities was €622 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.

Sterling Infrastructure's current Net Income (TTM) was 240. ==> 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.

Sterling Infrastructure's current Cash Flow from Operations (TTM) was 462. ==> 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 (Dec23)
=240.128/1629.678
=0.1473469

ROA (Last Year)=Net Income/Total Assets (Dec22)
=128.505/1360.889
=0.09442725

Sterling Infrastructure's return on assets of this year was 0.1473469. Sterling Infrastructure's return on assets of last year was 0.09442725. ==> 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.

Sterling Infrastructure's current Net Income (TTM) was 240. Sterling Infrastructure's current Cash Flow from Operations (TTM) was 462. ==> 462 > 240 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=307.847/1775.222
=0.17341324

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=323.442/1477.8234
=0.21886377

Sterling Infrastructure's gearing of this year was 0.17341324. Sterling Infrastructure's gearing of last year was 0.21886377. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=975.895/708.57
=1.37727395

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=777.597/621.88
=1.25039718

Sterling Infrastructure's current ratio of this year was 1.37727395. Sterling Infrastructure's current ratio of last year was 1.25039718. ==> 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.

Sterling Infrastructure's number of shares in issue this year was 31.032. Sterling Infrastructure's number of shares in issue last year was 31.688. ==> 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
=394.316/1957.92
=0.20139536

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=313.054/1829.736
=0.17109244

Sterling Infrastructure's gross margin of this year was 0.20139536. Sterling Infrastructure's gross margin of last year was 0.17109244. ==> 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 (Dec23)
=1957.92/1629.678
=1.20141525

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1829.736/1360.889
=1.34451524

Sterling Infrastructure's asset turnover of this year was 1.20141525. Sterling Infrastructure's asset turnover of last year was 1.34451524. ==> 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+1+1+1+1+0
=8

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

Sterling Infrastructure has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Sterling Infrastructure  (STU:UAO) 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.


Sterling Infrastructure Piotroski F-Score Related Terms

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Sterling Infrastructure Business Description

Traded in Other Exchanges
Address
1800 Hughes Landing Boulevard, Suite 250, The Woodlands, TX, USA, 77380
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions.

Sterling Infrastructure Headlines

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