TCFC has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
TCFC has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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
The Community Financial 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 The Community Financial's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of The Community Financial was 8. The lowest was 3. And the median was 7.
The historical data trend for The Community Financial'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.
The Community Financial Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 8.00 | 7.00 | 5.00 | 7.00 | 6.00 |
The Community Financial Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Piotroski F-Score | Get a 7-Day Free Trial | 7.00 | 7.00 | 7.00 | 6.00 | 8.00 |
For the Banks - Regional subindustry, The Community Financial'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.
For the Banks industry and Financial Services sector, The Community Financial's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Community Financial'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 (Mar23) TTM: | Last Year (Mar22) TTM: |
Net Income was 6.834 + 7.58 + 7.615 + 7.327 = $29.36 Mil. Cash Flow from Operations was 8.754 + 8.081 + 7.895 + 8.076 = $32.81 Mil. Revenue was 18.992 + 20.286 + 22.72 + 20.517 = $82.52 Mil. Average Total Assets from the begining of this year (Mar22) to the end of this year (Mar23) was (2351.923 + 2323.514 + 2359.621 + 2410.017 + 2428.536) / 5 = $2374.7222 Mil. Total Assets at the begining of this year (Mar22) was $2,351.92 Mil. Long-Term Debt & Capital Lease Obligation was $37.69 Mil. Total Assets was $2,428.54 Mil. Total Liabilities was $2,229.73 Mil. |
Net Income was 6.432 + 6.404 + 6.751 + 6.288 = $25.88 Mil. Revenue was 18.291 + 18.029 + 19.151 + 17.92 = $73.39 Mil. Average Total Assets from the begining of last year (Mar21) to the end of last year (Mar22) was (2149.531 + 2195.059 + 2278.692 + 2327.306 + 2351.923) / 5 = $2260.5022 Mil. Total Assets at the begining of last year (Mar21) was $2,149.53 Mil. Long-Term Debt & Capital Lease Obligation was $50.00 Mil. Total Assets was $2,351.92 Mil. Total Liabilities was $2,158.78 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.
The Community Financial's current Net Income (TTM) was 29.36.
==> 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.
The Community Financial's current Cash Flow from Operations (TTM) was 32.81.
==> 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 (Mar22) |
= | 29.356 | / | 2351.923 | |
= | 0.0124817 |
ROA (Last Year) | = | Net Income | / | Total Assets (Mar21) |
= | 25.875 | / | 2149.531 | |
= | 0.01203751 |
The Community Financial's return on assets of this year was 0.0124817. The Community Financial's return on assets of last year was 0.01203751.
==> 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.
The Community Financial's current Net Income (TTM) was 29.36. The Community Financial's current Cash Flow from Operations (TTM) was 32.81.
==> 32.81 > 29.36 ==> 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: Mar23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar22 to Mar23 |
= | 37.694 | / | 2374.7222 | |
= | 0.01587301 |
Gearing (Last Year: Mar22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar21 to Mar22 |
= | 50.003 | / | 2260.5022 | |
= | 0.02212031 |
The Community Financial's gearing of this year was 0.01587301. The Community Financial's gearing of last year was 0.02212031.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Current Ratio (This Year: Mar23) | = | Total Assets | / | Total Liabilities |
= | 2428.536 | / | 2229.73 | |
= | 1.08916147 |
Current Ratio (Last Year: Mar22) | = | Total Assets | / | Total Liabilities |
= | 2351.923 | / | 2158.783 | |
= | 1.08946707 |
The Community Financial's current ratio of this year was 1.08916147. The Community Financial's current ratio of last year was 1.08946707.
==> 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.
The Community Financial's number of shares in issue this year was 5.656. The Community Financial's number of shares in issue last year was 5.699.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Net Margin (This Year: TTM) | = | Net Income | / | Revenue |
= | 29.356 | / | 82.515 | |
= | 0.35576562 |
Net Margin (Last Year: TTM) | = | Net Income | / | Revenue |
= | 25.875 | / | 73.391 | |
= | 0.35256367 |
The Community Financial's net margin of this year was 0.35576562. The Community Financial's net margin of last year was 0.35256367.
==> This year's net 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 (Mar22) |
= | 82.515 | / | 2351.923 | |
= | 0.03508406 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Mar21) |
= | 73.391 | / | 2149.531 | |
= | 0.0341428 |
The Community Financial's asset turnover of this year was 0.03508406. The Community Financial's asset turnover of last year was 0.0341428.
==> 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 | + | 1 | + | 0 | + | 1 | + | 1 | + | 1 | |
= | 8 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Community Financial has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The Community Financial (NAS:TCFC) 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.
Thank you for viewing the detailed overview of The Community Financial's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
John Anthony Chappelle | other: EVP & CDO of Subsidiary | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Sanders Edward Lawrence Iii | director | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Todd L Capitani | officer: EVP & Senior Financial Officer | 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Michael Brian Adams | director | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Kimberly Briscoe-tonic | director | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Mohammad Arshed Javaid | director | 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Rebecca Middleton Mcdonald | director | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Tala Tay | other: EVP & CRO of Subsidiary | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Brian Scot Ebron | other: EVP & CBO-VA of Subsidiary | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Patrick Douglas Pierce | other: EVP & CBO-MD of Subsidiary | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Lacey Amanda Pierce | other: EVP & CAO of Subsidiary | C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Slater A Joseph Jr | director | 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
William J Pasenelli | officer: Executive V.P. & CFO | 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Mary Todd Peterson | director | 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
Stone Joseph V Jr | director | C/O TRI-COUNTY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601 |
From GuruFocus
By GuruFocusNews GuruFocusNews • 02-24-2022
By PRNewswire PRNewswire • 12-31-2022
By GuruFocusNews GuruFocusNews • 05-25-2022
By Value_Insider Value_Insider • 11-30-2022
By GuruFocusNews GuruFocusNews • 03-15-2022
By GuruFocusNews GuruFocusNews • 06-04-2022
By PRNewswire • 06-21-2023
By Value_Insider Value_Insider • 12-18-2022
By PRNewswire PRNewswire • 12-15-2022
By PRNewswire PRNewswire • 12-16-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.