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StorageVault Canada (TSX:SVI) Piotroski F-Score : 4 (As of Jul. 16, 2025)


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What is StorageVault Canada 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

StorageVault Canada 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 StorageVault Canada's Piotroski F-Score or its related term are showing as below:

TSX:SVI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of StorageVault Canada was 6. The lowest was 3. And the median was 5.


StorageVault Canada Piotroski F-Score Historical Data

The historical data trend for StorageVault Canada'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.

StorageVault Canada Piotroski F-Score Chart

StorageVault Canada 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 4.00 6.00 6.00 6.00 4.00

StorageVault Canada 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 5.00 5.00 4.00 4.00 4.00

Competitive Comparison of StorageVault Canada's Piotroski F-Score

For the Real Estate Services subindustry, StorageVault Canada'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.


StorageVault Canada's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, StorageVault Canada's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where StorageVault Canada'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 -8.688 + -6.973 + -6.603 + -11.369 = C$-33.6 Mil.
Cash Flow from Operations was 27.349 + 32.89 + 31.357 + 13.438 = C$105.0 Mil.
Revenue was 74.111 + 78.962 + 80.241 + 76.271 = C$309.6 Mil.
Gross Profit was 49.926 + 54.077 + 53.356 + 47.655 = C$205.0 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(2042.872 + 2176.621 + 2231.393 + 2233.968 + 2258.875) / 5 = C$2188.7458 Mil.
Total Assets at the begining of this year (Mar24) was C$2,042.9 Mil.
Long-Term Debt & Capital Lease Obligation was C$2,081.7 Mil.
Total Current Assets was C$46.2 Mil.
Total Current Liabilities was C$37.6 Mil.
Net Income was 12.612 + 16.379 + -27.787 + -7.958 = C$-6.8 Mil.

Revenue was 71.293 + 75.745 + 74.269 + 71.391 = C$292.7 Mil.
Gross Profit was 48.411 + 52.678 + 49.932 + 44.243 = C$195.3 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2019.426 + 1988.295 + 1997.703 + 2044.218 + 2042.872) / 5 = C$2018.5028 Mil.
Total Assets at the begining of last year (Mar23) was C$2,019.4 Mil.
Long-Term Debt & Capital Lease Obligation was C$1,783.6 Mil.
Total Current Assets was C$45.5 Mil.
Total Current Liabilities was C$35.5 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.

StorageVault Canada's current Net Income (TTM) was -33.6. ==> 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.

StorageVault Canada's current Cash Flow from Operations (TTM) was 105.0. ==> 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)
=-33.633/2042.872
=-0.01646359

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-6.754/2019.426
=-0.00334451

StorageVault Canada's return on assets of this year was -0.01646359. StorageVault Canada's return on assets of last year was -0.00334451. ==> 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.

StorageVault Canada's current Net Income (TTM) was -33.6. StorageVault Canada's current Cash Flow from Operations (TTM) was 105.0. ==> 105.0 > -33.6 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2081.674/2188.7458
=0.95108075

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1783.644/2018.5028
=0.88364703

StorageVault Canada's gearing of this year was 0.95108075. StorageVault Canada's gearing of last year was 0.88364703. ==> 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
=46.242/37.598
=1.22990585

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=45.452/35.503
=1.28022984

StorageVault Canada's current ratio of this year was 1.22990585. StorageVault Canada's current ratio of last year was 1.28022984. ==> 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.

StorageVault Canada's number of shares in issue this year was 366.505. StorageVault Canada's number of shares in issue last year was 382.718. ==> 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
=205.014/309.585
=0.66222201

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=195.264/292.698
=0.66711764

StorageVault Canada's gross margin of this year was 0.66222201. StorageVault Canada's gross margin of last year was 0.66711764. ==> 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 (Mar24)
=309.585/2042.872
=0.151544

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=292.698/2019.426
=0.14494119

StorageVault Canada's asset turnover of this year was 0.151544. StorageVault Canada's asset turnover of last year was 0.14494119. ==> 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
=0+1+0+1+0+0+1+0+1
=4

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

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

StorageVault Canada  (TSX:SVI) 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.


StorageVault Canada Piotroski F-Score Related Terms

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StorageVault Canada Business Description

Traded in Other Exchanges
Address
100 Canadian Road, Toronto, ON, CAN, M1R 4Z5
StorageVault Canada Inc is engaged in the business of owning, managing, and renting self-storage and portable storage space to individual and commercial customers. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties. It generates maximum revenue from the Self Storage segment. The company also stores, shreds, and manages documents and records for customers.
Executives
Benjamin Harris Director
Storagevault Canada Inc. Issuer
Deborah Wallis Robinson Director
Iqbal Khan Director, Senior Officer
Jay Lynne Fleming Director
Alan Arthur Simpson Director
Steven Robert Scott Director, Senior Officer
Tamara Souglis Senior Officer
Access Self Storage Inc. 10% Security Holder
John C. Drake Director or Senior Officer of 10% Security Holder

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