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Iamgold (TSX:IMG) Piotroski F-Score : 6 (As of Jul. 22, 2025)


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What is Iamgold Piotroski F-Score?

The zones of discrimination were as such:

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

Iamgold has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSX:IMG' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 6

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


Iamgold Piotroski F-Score Historical Data

The historical data trend for Iamgold'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.

Iamgold Piotroski F-Score Chart

Iamgold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 6.00 5.00 6.00

Iamgold Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.00 6.00 6.00 6.00

Competitive Comparison of Iamgold's Piotroski F-Score

For the Gold subindustry, Iamgold'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.


Iamgold's Piotroski F-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Iamgold's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Iamgold's Piotroski F-Score falls into.


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 115.807 + 804.768 + 122.809 + 56.993 = C$1,100 Mil.
Cash Flow from Operations was 219.417 + 198.043 + 146.174 + 106.665 = C$670 Mil.
Revenue was 528.054 + 594.534 + 669.467 + 684.925 = C$2,477 Mil.
Gross Profit was 206.534 + 220.258 + 186.493 + 202.707 = C$816 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(6322.395 + 6841.399 + 7537.943 + 7656.908 + 7737.166) / 5 = C$7219.1622 Mil.
Total Assets at the begining of this year (Mar24) was C$6,322 Mil.
Long-Term Debt & Capital Lease Obligation was C$1,609 Mil.
Total Current Assets was C$977 Mil.
Total Current Liabilities was C$692 Mil.
Net Income was 123.028 + -1.082 + -12.611 + 74.177 = C$184 Mil.

Revenue was 317.27 + 303.771 + 399.26 + 458.735 = C$1,479 Mil.
Gross Profit was 35.341 + 6.224 + 66.812 + 143.076 = C$251 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(5594.842 + 5906.158 + 6085.161 + 6088.047 + 6322.395) / 5 = C$5999.3206 Mil.
Total Assets at the begining of last year (Mar23) was C$5,595 Mil.
Long-Term Debt & Capital Lease Obligation was C$1,251 Mil.
Total Current Assets was C$862 Mil.
Total Current Liabilities was C$947 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.

Iamgold's current Net Income (TTM) was 1,100. ==> 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.

Iamgold's current Cash Flow from Operations (TTM) was 670. ==> 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 (Mar24)
=1100.377/6322.395
=0.17404433

ROA (Last Year)=Net Income/Total Assets (Mar23)
=183.512/5594.842
=0.03280021

Iamgold's return on assets of this year was 0.17404433. Iamgold's return on assets of last year was 0.03280021. ==> 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.

Iamgold's current Net Income (TTM) was 1,100. Iamgold's current Cash Flow from Operations (TTM) was 670. ==> 670 <= 1,100 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1608.733/7219.1622
=0.22284206

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1250.591/5999.3206
=0.20845544

Iamgold's gearing of this year was 0.22284206. Iamgold's gearing of last year was 0.20845544. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=977.213/691.816
=1.4125331

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=861.566/947.385
=0.90941486

Iamgold's current ratio of this year was 1.4125331. Iamgold's current ratio of last year was 0.90941486. ==> 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.

Iamgold's number of shares in issue this year was 579.6. Iamgold's number of shares in issue last year was 493. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=815.992/2476.98
=0.32943019

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=251.453/1479.036
=0.17001141

Iamgold's gross margin of this year was 0.32943019. Iamgold's gross margin of last year was 0.17001141. ==> 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 (Mar24)
=2476.98/6322.395
=0.39177875

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1479.036/5594.842
=0.26435706

Iamgold's asset turnover of this year was 0.39177875. Iamgold's asset turnover of last year was 0.26435706. ==> 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+0+1+0+1+1
=6

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

Iamgold has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Iamgold  (TSX:IMG) 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.


Iamgold Piotroski F-Score Related Terms

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Iamgold Business Description

Traded in Other Exchanges
Address
150 King Street West, Suite 2200, Toronto, ON, CAN, M5H 1J9
Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada. The company's s non-gold mine segments are Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Cote Gold mine segment.
Executives
Christiane Bergevin Director
Bruno Lemelin Senior Officer
Lawrence Peter O'hagan Director
Marthinus Wilhelmus Theunissen Senior Officer
Murray Suey Director
Timothy Bradburn Senior Officer
Stephen Eddy Senior Officer
Renaud Adams Director
David Smith Director
Oumar Toguyeni Senior Officer
Dorena Quinn Senior Officer
Peter Gordon Stothart Senior Officer
Benjamin Richard Little Senior Officer
Daniella Elena Dimitrov Senior Officer