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SFP Holdings Co (TSE:3198) Piotroski F-Score : 8 (As of Dec. 14, 2024)


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What is SFP Holdings Co 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

SFP Holdings Co 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 SFP Holdings Co's Piotroski F-Score or its related term are showing as below:

TSE:3198' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 8

During the past 11 years, the highest Piotroski F-Score of SFP Holdings Co was 8. The lowest was 1. And the median was 4.


SFP Holdings Co Piotroski F-Score Historical Data

The historical data trend for SFP Holdings Co'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.

SFP Holdings Co Piotroski F-Score Chart

SFP Holdings Co Annual Data
Trend Sep14 Sep15 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.00 6.00 6.00 8.00

SFP Holdings Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 - - 8.00 - -

Competitive Comparison of SFP Holdings Co's Piotroski F-Score

For the Restaurants subindustry, SFP Holdings Co'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.


SFP Holdings Co's Piotroski F-Score Distribution in the Restaurants Industry

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

* The bar in red indicates where SFP Holdings Co'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 (Feb24) TTM:Last Year (Feb23) TTM:
Net Income was 円1,731 Mil.
Cash Flow from Operations was 円2,195 Mil.
Revenue was 円29,080 Mil.
Gross Profit was 円20,673 Mil.
Average Total Assets from the begining of this year (Feb23)
to the end of this year (Feb24) was (17574.643 + 13303.477) / 2 = 円15439.06 Mil.
Total Assets at the begining of this year (Feb23) was 円17,575 Mil.
Long-Term Debt & Capital Lease Obligation was 円23 Mil.
Total Current Assets was 円5,907 Mil.
Total Current Liabilities was 円4,408 Mil.
Net Income was 円550 Mil.

Revenue was 円22,913 Mil.
Gross Profit was 円16,200 Mil.
Average Total Assets from the begining of last year (Feb22)
to the end of last year (Feb23) was (16096.817 + 17574.643) / 2 = 円16835.73 Mil.
Total Assets at the begining of last year (Feb22) was 円16,097 Mil.
Long-Term Debt & Capital Lease Obligation was 円243 Mil.
Total Current Assets was 円10,385 Mil.
Total Current Liabilities was 円3,686 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.

SFP Holdings Co's current Net Income (TTM) was 1,731. ==> 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.

SFP Holdings Co's current Cash Flow from Operations (TTM) was 2,195. ==> 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 (Feb23)
=1731.413/17574.643
=0.09851768

ROA (Last Year)=Net Income/Total Assets (Feb22)
=549.81/16096.817
=0.03415644

SFP Holdings Co's return on assets of this year was 0.09851768. SFP Holdings Co's return on assets of last year was 0.03415644. ==> 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.

SFP Holdings Co's current Net Income (TTM) was 1,731. SFP Holdings Co's current Cash Flow from Operations (TTM) was 2,195. ==> 2,195 > 1,731 ==> 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: Feb24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb23 to Feb24
=22.54/15439.06
=0.00145993

Gearing (Last Year: Feb23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb22 to Feb23
=243.28/16835.73
=0.01445022

SFP Holdings Co's gearing of this year was 0.00145993. SFP Holdings Co's gearing of last year was 0.01445022. ==> 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: Feb24)=Total Current Assets/Total Current Liabilities
=5906.724/4407.913
=1.34002736

Current Ratio (Last Year: Feb23)=Total Current Assets/Total Current Liabilities
=10385.372/3685.584
=2.8178362

SFP Holdings Co's current ratio of this year was 1.34002736. SFP Holdings Co's current ratio of last year was 2.8178362. ==> 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.

SFP Holdings Co's number of shares in issue this year was 24.387. SFP Holdings Co's number of shares in issue last year was 25.788. ==> 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
=20672.901/29079.64
=0.71090636

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=16200.475/22913.271
=0.70703458

SFP Holdings Co's gross margin of this year was 0.71090636. SFP Holdings Co's gross margin of last year was 0.70703458. ==> 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 (Feb23)
=29079.64/17574.643
=1.65463617

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb22)
=22913.271/16096.817
=1.42346596

SFP Holdings Co's asset turnover of this year was 1.65463617. SFP Holdings Co's asset turnover of last year was 1.42346596. ==> 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

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

SFP Holdings Co  (TSE:3198) 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.


SFP Holdings Co Piotroski F-Score Related Terms

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SFP Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
2-21-1 Tamagawa, Setagaya-ku, Tokyo, JPN, 158-0094
SFP Holdings Co Ltd manages restaurants. The company's brand list consists of Tori Shoten, Iskokaru Fishery, Tsukasa Sushi, Spain Bar CASA DEL GUAPO, and others.

SFP Holdings Co Headlines

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