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FUJI Seal International (TSE:7864) Piotroski F-Score : 8 (As of Dec. 15, 2024)


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What is FUJI Seal International 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

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

TSE:7864' 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 FUJI Seal International was 8. The lowest was 3. And the median was 6.


FUJI Seal International Piotroski F-Score Historical Data

The historical data trend for FUJI Seal 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.

FUJI Seal International Piotroski F-Score Chart

FUJI Seal International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 6.00 7.00

FUJI Seal International Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.00 7.00 8.00

Competitive Comparison of FUJI Seal International's Piotroski F-Score

For the Packaging & Containers subindustry, FUJI Seal 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.


FUJI Seal International's Piotroski F-Score Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, FUJI Seal International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where FUJI Seal 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 2265 + 2675 + 3657 + 2043 = 円10,640 Mil.
Cash Flow from Operations was 4623 + 7107 + 4196 + 7639 = 円23,565 Mil.
Revenue was 49878 + 51894 + 52484 + 52750 = 円207,006 Mil.
Gross Profit was 9280 + 10082 + 10484 + 11263 = 円41,109 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(193083 + 196419 + 192684 + 0 + 207367) / 5 = 円197388.25 Mil.
Total Assets at the begining of this year (Sep23) was 円193,083 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,300 Mil.
Total Current Assets was 円129,492 Mil.
Total Current Liabilities was 円54,348 Mil.
Net Income was -92 + 3475 + 2445 + 2892 = 円8,720 Mil.

Revenue was 45232 + 47894 + 47015 + 47837 = 円187,978 Mil.
Gross Profit was 6834 + 7466 + 8198 + 8295 = 円30,793 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(182031 + 183461 + 180004 + 185207 + 193083) / 5 = 円184757.2 Mil.
Total Assets at the begining of last year (Sep22) was 円182,031 Mil.
Long-Term Debt & Capital Lease Obligation was 円160 Mil.
Total Current Assets was 円118,112 Mil.
Total Current Liabilities was 円57,796 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.

FUJI Seal International's current Net Income (TTM) was 10,640. ==> 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.

FUJI Seal International's current Cash Flow from Operations (TTM) was 23,565. ==> 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 (Sep23)
=10640/193083
=0.05510584

ROA (Last Year)=Net Income/Total Assets (Sep22)
=8720/182031
=0.04790393

FUJI Seal International's return on assets of this year was 0.05510584. FUJI Seal International's return on assets of last year was 0.04790393. ==> 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.

FUJI Seal International's current Net Income (TTM) was 10,640. FUJI Seal International's current Cash Flow from Operations (TTM) was 23,565. ==> 23,565 > 10,640 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=3300/197388.25
=0.01671832

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=160/184757.2
=0.000866

FUJI Seal International's gearing of this year was 0.01671832. FUJI Seal International's gearing of last year was 0.000866. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=129492/54348
=2.38264518

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=118112/57796
=2.04360163

FUJI Seal International's current ratio of this year was 2.38264518. FUJI Seal International's current ratio of last year was 2.04360163. ==> 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.

FUJI Seal International's number of shares in issue this year was 54.289. FUJI Seal International's number of shares in issue last year was 54.787. ==> 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
=41109/207006
=0.19858845

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30793/187978
=0.16381172

FUJI Seal International's gross margin of this year was 0.19858845. FUJI Seal International's gross margin of last year was 0.16381172. ==> 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 (Sep23)
=207006/193083
=1.07210889

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=187978/182031
=1.03267026

FUJI Seal International's asset turnover of this year was 1.07210889. FUJI Seal International's asset turnover of last year was 1.03267026. ==> 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+0+1+1+1+1
=8

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

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

FUJI Seal International  (TSE:7864) 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.


FUJI Seal International Piotroski F-Score Related Terms

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FUJI Seal International Business Description

Traded in Other Exchanges
N/A
Address
1-9-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
FUJI Seal International Inc manufactures a variety of packaging products. The majority of the company's revenue comes from the sale of shrink labels, which are used to label consumer products on plastic, glass, and metallic containers. FUJI Seal also sells self-adhesive labels used to label consumer products, soft pouches used for food, beverages, and personal care products, packaging machinery, and other packaging products. The firm organizes itself into five segments based on geography: Japan, Americas, Europe, PAGO, and ASEAN. The majority of revenue comes from Japan.

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