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UMB Financial Piotroski F-Score

: 6 (As of Today)
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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

UMB Financial 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 UMB Financial's Piotroski F-Score or its related term are showing as below:

NAS:UMBF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

3
9

During the past 13 years, the highest Piotroski F-Score of UMB Financial was 9. The lowest was 3. And the median was 6.


UMB Financial Piotroski F-Score Historical Data

The historical data trend for UMB Financial'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.

UMB Financial Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 5.00 9.00 6.00

UMB Financial Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 4.00 6.00 7.00 5.00 6.00

Competitive Comparison

For the Banks - Regional subindustry, UMB Financial'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.

   

UMB Financial Piotroski F-Score Distribution

For the Banks industry and Financial Services sector, UMB Financial's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where UMB Financial'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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was 156.32 + 92.643 + 87.412 + 94.467 = $431 Mil.
Cash Flow from Operations was 158.443 + 115.94 + 61.317 + 185.105 = $521 Mil.
Revenue was 403.846 + 282.639 + 311.63 + 296.315 = $1,294 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(30250.972 + 33127.504 + 34669.389 + 36619.015 + 37554.285) / 5 = $34444.233 Mil.
Total Assets at the begining of this year (Sep20) was $30,251 Mil.
Long-Term Debt & Capital Lease Obligation was $271 Mil.
Total Assets was $37,554 Mil.
Total Liabilities was $34,441 Mil.
Net Income was 66.515 + -3.439 + 60.529 + 73.092 = $197 Mil.

Revenue was 265.306 + 254.115 + 280.533 + 279.734 = $1,080 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(24143.092 + 26561.355 + 26244.886 + 29753.608 + 30250.972) / 5 = $27390.7826 Mil.
Total Assets at the begining of last year (Sep19) was $24,143 Mil.
Long-Term Debt & Capital Lease Obligation was $269 Mil.
Total Assets was $30,251 Mil.
Total Liabilities was $27,397 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.

UMB Financial's current Net Income (TTM) was 431. ==> 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.

UMB Financial's current Cash Flow from Operations (TTM) was 521. ==> 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 (Sep20)
=430.842/30250.972
=0.01424225

ROA (Last Year)=Net Income/Total Assets (Sep19)
=196.697/24143.092
=0.00814713

UMB Financial's return on assets of this year was 0.01424225. UMB Financial's return on assets of last year was 0.00814713. ==> 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.

UMB Financial's current Net Income (TTM) was 431. UMB Financial's current Cash Flow from Operations (TTM) was 521. ==> 521 > 431 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=271.049/34444.233
=0.00786921

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=269.044/27390.7826
=0.00982243

UMB Financial's gearing of this year was 0.00786921. UMB Financial's gearing of last year was 0.00982243. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Sep21)=Total Assets/Total Liabilities
=37554.285/34441.445
=1.09038064

Current Ratio (Last Year: Sep20)=Total Assets/Total Liabilities
=30250.972/27396.792
=1.10417935

UMB Financial's current ratio of this year was 1.09038064. UMB Financial's current ratio of last year was 1.10417935. ==> 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.

UMB Financial's number of shares in issue this year was 48.743. UMB Financial's number of shares in issue last year was 48.068. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=430.842/1294.43
=0.33284303

Net Margin (Last Year: TTM)=Net Income/Revenue
=196.697/1079.688
=0.18217948

UMB Financial's net margin of this year was 0.33284303. UMB Financial's net margin of last year was 0.18217948. ==> This year's net 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 (Sep20)
=1294.43/30250.972
=0.0427897

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=1079.688/24143.092
=0.04472037

UMB Financial's asset turnover of this year was 0.0427897. UMB Financial's asset turnover of last year was 0.04472037. ==> 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+1+1+1+0+0+1+0
=6

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

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

UMB Financial  (NAS:UMBF) 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.


UMB Financial Piotroski F-Score Related Terms

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


UMB Financial Business Description

UMB Financial logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Traded in Other Exchanges
Address
1010 Grand Boulevard, Kansas City, MO, USA, 64106
UMB Financial Corp, or UMBF, is a financial services holding company offering a suite of banking, asset management, and health spending solutions. Its customer base includes commercial, institutional, and personal customers across the United States. The company's banking subsidiaries own and operate banking and wealth-management centres mostly throughout the Midwest and Southwest regions of the U.S. Subsidiaries of the holding company and its lead bank, UMB Bank, include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisory. The bank's revenue is split nearly evenly between interest income and noninterest income.
Executives
Kemper J Mariner director, officer: Chairman and CEO 1010 GRAND BLVD. KANSAS CITY MO 64106
Peterman Tamara director 1010 GRAND BLVD KANSAS CITY MO 64106
Graves Greg M director 1010 GRAND BLVD KANSAS CITY MO 64106
Davidson Janine director 1010 GRAND BLVD KANSAS CITY MO 64106
Shankar Ram officer: Chief Financial Officer 1010 GRAND BLVD. KANSAS CITY MO 64106
Rine James D officer: President UMB Bank, n.a. 1010 GRAND BOULEVARD KANSAS CITY MO 64106
King Stacy H officer: Chief Risk Officer 1010 GRAND BLVD KANSAS CITY MO 64106
Cornelius James officer: Executive Vice President 1010 GRAND BOULEVARD KANSAS CITY MO 64106
Johnson Shannon Andresen officer: Chief Administrative Officer 1010 GRAND BLVD KANSAS CITY MO 64106
Macke Kevin M officer: Executive Vice President 1010 GRAND BOULEVARD KANSAS CITY MO 64106
Terry Thomas S officer: Chief Credit Officer 1010 GRAND BOULEVARD KANSAS CITY MO 64106
Pauls John officer: EVP & General Counsel 1010 GRAND BLVD KANSAS CITY MO 64106
Wendel Abigail M officer: President - Consumer Banking 1010 GRAND BOULEVARD KANSAS CITY MO 64106
Newton Nikki Farentino officer: President, Private Wealth Mgmt 1010 GRAND BLVD KANSAS CITY MO 64106
Beaird Robert Brian officer: Chief Human Resource Officer 1010 GRAND BLVD KANSAS CITY MO 64106

UMB Financial Headlines

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