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Tribe Property Technologies (TSXV:TRBE) Piotroski F-Score

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The zones of discrimination were as such:

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

Tribe Property Technologies has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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


Tribe Property Technologies (TSXV:TRBE) Piotroski F-Score Historical Data

The historical data trend for Tribe Property Technologies'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.

Tribe Property Technologies Annual Data
Trend Apr20 Dec21
Piotroski F-Score N/A N/A

Tribe Property Technologies Quarterly Data
Jan20 Apr20 Sep20 Jan21 Jun21 Sep21 Dec21 Mar22 Jun22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Tribe Property Technologies (TSXV:TRBE) Piotroski F-Score Competitive Comparison

For the Real Estate Services subindustry, Tribe Property Technologies'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.

   

Tribe Property Technologies (TSXV:TRBE) Piotroski F-Score Distribution

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

* The bar in red indicates where Tribe Property Technologies'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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was -1.759 + -1.046 + -2.057 + -2.97 = C$-7.83 Mil.
Cash Flow from Operations was -1.473 + -1.236 + -1.81 + -2.235 = C$-6.75 Mil.
Revenue was 4.085 + 3.989 + 4.202 + 4.333 = C$16.61 Mil.
Gross Profit was 1.997 + 1.762 + 1.835 + 1.7 = C$7.29 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(22.573 + 20.707 + 18.382 + 34.927 + 32.853) / 5 = C$25.8884 Mil.
Total Assets at the begining of this year (Jun21) was C$22.57 Mil.
Long-Term Debt & Capital Lease Obligation was C$6.09 Mil.
Total Current Assets was C$16.06 Mil.
Total Current Liabilities was C$3.74 Mil.
Net Income was -0.438 + -0.268 + -0.962 + -1.645 = C$-3.31 Mil.

Revenue was 1.124 + 1.139 + 2.001 + 3.971 = C$8.24 Mil.
Gross Profit was 0.645 + 0.43 + 0.804 + 1.981 = C$3.86 Mil.
Average Total Assets from the begining of last year (Jan20)
to the end of last year (Jun21) was
(0 + 2.929 + 0 + 17.964 + 22.573) / 5 = C$14.48866667 Mil.
Total Assets at the begining of last year (Jan20) was C$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was C$6.60 Mil.
Total Current Assets was C$5.73 Mil.
Total Current Liabilities was C$3.78 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.

Tribe Property Technologies's current Net Income (TTM) was -7.83. ==> 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.

Tribe Property Technologies's current Cash Flow from Operations (TTM) was -6.75. ==> Negative ==> Score 0.

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 (Jun21)
=-7.832/22.573
=-0.34696319

ROA (Last Year)=Net Income/Total Assets (Jan20)
=-3.313/0
=

Tribe Property Technologies's return on assets of this year was -0.34696319. Tribe Property Technologies's return on assets of last year was . ==> 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.

Tribe Property Technologies's current Net Income (TTM) was -7.83. Tribe Property Technologies's current Cash Flow from Operations (TTM) was -6.75. ==> -6.75 > -7.83 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=6.089/25.8884
=0.23520187

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan20 to Jun21
=6.603/14.48866667
=0.45573552

Tribe Property Technologies's gearing of this year was 0.23520187. Tribe Property Technologies's gearing of last year was 0.45573552. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=16.056/3.739
=4.29419631

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=5.728/3.776
=1.51694915

Tribe Property Technologies's current ratio of this year was 4.29419631. Tribe Property Technologies's current ratio of last year was 1.51694915. ==> 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.

Tribe Property Technologies's number of shares in issue this year was 21.159. Tribe Property Technologies's number of shares in issue last year was 15.89. ==> 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
=7.294/16.609
=0.43915949

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.86/8.235
=0.46873103

Tribe Property Technologies's gross margin of this year was 0.43915949. Tribe Property Technologies's gross margin of last year was 0.46873103. ==> 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 (Jun21)
=16.609/22.573
=0.73579055

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan20)
=8.235/0
=

Tribe Property Technologies's asset turnover of this year was 0.73579055. Tribe Property Technologies's asset turnover of last year was . ==> 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+0+1+1+1+1+0+0+1
=5

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

Tribe Property Technologies has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Tribe Property Technologies  (TSXV:TRBE) 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.


Tribe Property Technologies Piotroski F-Score Related Terms

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Tribe Property Technologies (TSXV:TRBE) Business Description

Tribe Property Technologies logo
Traded in Other Exchanges
Address
1155 West Pender Street, Suite 419, Vancouver, BC, CAN, V6E 2P4
Tribe Property Technologies Inc is a property technology company that is disrupting the traditional property management industry. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Tribe Property Technologies (TSXV:TRBE) Headlines

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