GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Andrew Peller Ltd (TSX:ADW.A) » Definitions » Piotroski F-Score

Andrew Peller (TSX:ADW.A) Piotroski F-Score

: 4 (As of Today)
View and export this data going back to 1972. Start your Free Trial

The zones of discrimination were as such:

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

Andrew Peller has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSX:ADW.A' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Andrew Peller was 9. The lowest was 1. And the median was 6.


Andrew Peller Piotroski F-Score Historical Data

The historical data trend for Andrew Peller'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.

Andrew Peller Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 7.00 5.00 5.00 2.00

Andrew Peller Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 1.00 2.00 3.00 5.00 4.00

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Andrew Peller'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.


Andrew Peller Piotroski F-Score Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Andrew Peller's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Andrew Peller'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -10.009 + -0.931 + 5.391 + -0.369 = C$-5.9 Mil.
Cash Flow from Operations was 8.257 + 13.747 + 16.026 + 10.17 = C$48.2 Mil.
Revenue was 77.712 + 100.481 + 100.175 + 100.192 = C$378.6 Mil.
Gross Profit was 19.55 + 36.531 + 38.687 + 32.116 = C$126.9 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(561.788 + 566.748 + 553.269 + 565.434 + 545.074) / 5 = C$558.4626 Mil.
Total Assets at the begining of this year (Dec22) was C$561.8 Mil.
Long-Term Debt & Capital Lease Obligation was C$213.2 Mil.
Total Current Assets was C$224.0 Mil.
Total Current Liabilities was C$45.5 Mil.
Net Income was -7.019 + 2.863 + -0.098 + 3.892 = C$-0.4 Mil.

Revenue was 78.838 + 97.699 + 101.816 + 104.913 = C$383.3 Mil.
Gross Profit was 20.806 + 35.744 + 37.008 + 39.8 = C$133.4 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(546.291 + 558.071 + 545.713 + 547.205 + 561.788) / 5 = C$551.8136 Mil.
Total Assets at the begining of last year (Dec21) was C$546.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$205.2 Mil.
Total Current Assets was C$242.3 Mil.
Total Current Liabilities was C$57.7 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.

Andrew Peller's current Net Income (TTM) was -5.9. ==> Negative ==> Score 0.

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.

Andrew Peller's current Cash Flow from Operations (TTM) was 48.2. ==> 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 (Dec22)
=-5.918/561.788
=-0.01053422

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-0.362/546.291
=-0.00066265

Andrew Peller's return on assets of this year was -0.01053422. Andrew Peller's return on assets of last year was -0.00066265. ==> Last year is higher ==> Score 0.

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.

Andrew Peller's current Net Income (TTM) was -5.9. Andrew Peller's current Cash Flow from Operations (TTM) was 48.2. ==> 48.2 > -5.9 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=213.19/558.4626
=0.38174445

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=205.205/551.8136
=0.37187376

Andrew Peller's gearing of this year was 0.38174445. Andrew Peller's gearing of last year was 0.37187376. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=223.958/45.462
=4.92626809

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=242.341/57.677
=4.20169218

Andrew Peller's current ratio of this year was 4.92626809. Andrew Peller's current ratio of last year was 4.20169218. ==> 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.

Andrew Peller's number of shares in issue this year was 36.9. Andrew Peller's number of shares in issue last year was 43.244. ==> 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
=126.884/378.56
=0.3351754

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=133.358/383.266
=0.34795155

Andrew Peller's gross margin of this year was 0.3351754. Andrew Peller's gross margin of last year was 0.34795155. ==> Last year's gross margin is higher ==> Score 0.

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 (Dec22)
=378.56/561.788
=0.6738485

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=383.266/546.291
=0.70157846

Andrew Peller's asset turnover of this year was 0.6738485. Andrew Peller's asset turnover of last year was 0.70157846. ==> 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
=0+1+0+1+0+1+1+0+0
=4

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

Andrew Peller has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Andrew Peller  (TSX:ADW.A) 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.


Andrew Peller Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Andrew Peller's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Andrew Peller (TSX:ADW.A) Business Description

Traded in Other Exchanges
Address
697 South Service Road, Grimsby, ON, CAN, L3M 4E8
Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company's brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.

Andrew Peller (TSX:ADW.A) Headlines

No Headlines