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TWODF (Taylor Wimpey) Piotroski F-Score : 4 (As of Dec. 15, 2024)


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What is Taylor Wimpey 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

Taylor Wimpey 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 Taylor Wimpey's Piotroski F-Score or its related term are showing as below:

TWODF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Taylor Wimpey was 8. The lowest was 2. And the median was 6.


Taylor Wimpey Piotroski F-Score Historical Data

The historical data trend for Taylor Wimpey'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.

Taylor Wimpey Piotroski F-Score Chart

Taylor Wimpey Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 7.00 6.00 4.00

Taylor Wimpey Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 4.00 -

Competitive Comparison of Taylor Wimpey's Piotroski F-Score

For the Residential Construction subindustry, Taylor Wimpey'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.


Taylor Wimpey's Piotroski F-Score Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Taylor Wimpey's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Taylor Wimpey'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 $442 Mil.
Cash Flow from Operations was $164 Mil.
Revenue was $4,449 Mil.
Gross Profit was $907 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (7896.59 + 7915.949) / 2 = $7906.2695 Mil.
Total Assets at the begining of this year (Dec22) was $7,897 Mil.
Long-Term Debt & Capital Lease Obligation was $149 Mil.
Total Current Assets was $7,669 Mil.
Total Current Liabilities was $1,428 Mil.
Net Income was $784 Mil.

Revenue was $5,384 Mil.
Gross Profit was $1,379 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (8297.606 + 7896.59) / 2 = $8097.098 Mil.
Total Assets at the begining of last year (Dec21) was $8,298 Mil.
Long-Term Debt & Capital Lease Obligation was $24 Mil.
Total Current Assets was $7,690 Mil.
Total Current Liabilities was $1,633 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.

Taylor Wimpey's current Net Income (TTM) was 442. ==> 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.

Taylor Wimpey's current Cash Flow from Operations (TTM) was 164. ==> 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)
=441.772/7896.59
=0.05594465

ROA (Last Year)=Net Income/Total Assets (Dec21)
=783.922/8297.606
=0.09447568

Taylor Wimpey's return on assets of this year was 0.05594465. Taylor Wimpey's return on assets of last year was 0.09447568. ==> 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.

Taylor Wimpey's current Net Income (TTM) was 442. Taylor Wimpey's current Cash Flow from Operations (TTM) was 164. ==> 164 <= 442 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=149.367/7906.2695
=0.01889222

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=23.995/8097.098
=0.00296341

Taylor Wimpey's gearing of this year was 0.01889222. Taylor Wimpey's gearing of last year was 0.00296341. ==> 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
=7669.494/1427.975
=5.37088815

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=7689.525/1632.765
=4.70951117

Taylor Wimpey's current ratio of this year was 5.37088815. Taylor Wimpey's current ratio of last year was 4.70951117. ==> 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.

Taylor Wimpey's number of shares in issue this year was 3537.5. Taylor Wimpey's number of shares in issue last year was 3576.5. ==> 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
=906.962/4448.734
=0.20386969

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1379.294/5383.557
=0.25620496

Taylor Wimpey's gross margin of this year was 0.20386969. Taylor Wimpey's gross margin of last year was 0.25620496. ==> 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)
=4448.734/7896.59
=0.56337406

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=5383.557/8297.606
=0.64880846

Taylor Wimpey's asset turnover of this year was 0.56337406. Taylor Wimpey's asset turnover of last year was 0.64880846. ==> 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
=1+1+0+0+0+1+1+0+0
=4

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

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

Taylor Wimpey  (OTCPK:TWODF) 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.


Taylor Wimpey Piotroski F-Score Related Terms

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Taylor Wimpey Business Description

Traded in Other Exchanges
Address
Turnpike Road, Gate House, High Wycombe, Buckinghamshire, GBR, HP12 3NR
Taylor Wimpey is the UK's second-largest residential property developer by revenue—or third-largest as judged by dwelling completions—and was established via the merger of George Wimpey and Taylor Woodrow in 2007. Taylor Wimpey is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain, aligning with the typical business model employed by UK homebuilders. The company also has a nascent homebuilding operation in Spain.

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