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INTAGE HOLDINGS (TSE:4326) Piotroski F-Score : 8 (As of Mar. 04, 2025)


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What is INTAGE 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

INTAGE HOLDINGS 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 INTAGE HOLDINGS's Piotroski F-Score or its related term are showing as below:

TSE:4326' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of INTAGE HOLDINGS was 8. The lowest was 2. And the median was 5.


INTAGE HOLDINGS Piotroski F-Score Historical Data

The historical data trend for INTAGE 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.

INTAGE HOLDINGS Piotroski F-Score Chart

INTAGE HOLDINGS Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 8.00 8.00 8.00

INTAGE HOLDINGS Quarterly Data
Dec19 Mar20 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 - - 7.00 - -

Competitive Comparison of INTAGE HOLDINGS's Piotroski F-Score

For the Advertising Agencies subindustry, INTAGE 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.


INTAGE HOLDINGS's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, INTAGE HOLDINGS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where INTAGE 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 (Jun23) TTM:Last Year (Jun22) TTM:
Net Income was 円3,506 Mil.
Cash Flow from Operations was 円2,687 Mil.
Revenue was 円61,387 Mil.
Gross Profit was 円21,299 Mil.
Average Total Assets from the begining of this year (Jun22)
to the end of this year (Jun23) was (45633.579 + 44391.158) / 2 = 円45012.3685 Mil.
Total Assets at the begining of this year (Jun22) was 円45,634 Mil.
Long-Term Debt & Capital Lease Obligation was 円495 Mil.
Total Current Assets was 円26,413 Mil.
Total Current Liabilities was 円11,802 Mil.
Net Income was 円3,419 Mil.

Revenue was 円60,233 Mil.
Gross Profit was 円20,389 Mil.
Average Total Assets from the begining of last year (Jun21)
to the end of last year (Jun22) was (45751.177 + 45633.579) / 2 = 円45692.378 Mil.
Total Assets at the begining of last year (Jun21) was 円45,751 Mil.
Long-Term Debt & Capital Lease Obligation was 円643 Mil.
Total Current Assets was 円27,613 Mil.
Total Current Liabilities was 円12,536 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.

INTAGE HOLDINGS's current Net Income (TTM) was 3,506. ==> 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.

INTAGE HOLDINGS's current Cash Flow from Operations (TTM) was 2,687. ==> 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 (Jun22)
=3505.76/45633.579
=0.07682413

ROA (Last Year)=Net Income/Total Assets (Jun21)
=3418.793/45751.177
=0.07472579

INTAGE HOLDINGS's return on assets of this year was 0.07682413. INTAGE HOLDINGS's return on assets of last year was 0.07472579. ==> 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.

INTAGE HOLDINGS's current Net Income (TTM) was 3,506. INTAGE HOLDINGS's current Cash Flow from Operations (TTM) was 2,687. ==> 2,687 <= 3,506 ==> CFROA <= ROA ==> Score 0.

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: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=494.756/45012.3685
=0.01099156

Gearing (Last Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=643.198/45692.378
=0.0140767

INTAGE HOLDINGS's gearing of this year was 0.01099156. INTAGE HOLDINGS's gearing of last year was 0.0140767. ==> 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: Jun23)=Total Current Assets/Total Current Liabilities
=26412.864/11801.793
=2.23803824

Current Ratio (Last Year: Jun22)=Total Current Assets/Total Current Liabilities
=27612.661/12535.884
=2.20268957

INTAGE HOLDINGS's current ratio of this year was 2.23803824. INTAGE HOLDINGS's current ratio of last year was 2.20268957. ==> 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.

INTAGE HOLDINGS's number of shares in issue this year was 38.437. INTAGE HOLDINGS's number of shares in issue last year was 39.611. ==> 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
=21298.723/61387.014
=0.34695812

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20388.914/60232.755
=0.3385021

INTAGE HOLDINGS's gross margin of this year was 0.34695812. INTAGE HOLDINGS's gross margin of last year was 0.3385021. ==> 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 (Jun22)
=61387.014/45633.579
=1.34521586

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun21)
=60232.755/45751.177
=1.31652908

INTAGE HOLDINGS's asset turnover of this year was 1.34521586. INTAGE HOLDINGS's asset turnover of last year was 1.31652908. ==> 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+0+1+1+1+1+1
=8

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

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

INTAGE HOLDINGS  (TSE:4326) 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.


INTAGE HOLDINGS Piotroski F-Score Related Terms

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INTAGE HOLDINGS Business Description

Traded in Other Exchanges
N/A
Address
3 Kanda-Neribeicho, Chiyoda-ku, Tokyo, JPN, 101-0022
INTAGE HOLDINGS Inc is engaged in the provision of marketing research and consulting system solutions, and healthcare development support in Japan.

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