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VLRS (Controladora Vuela Compania de AviacionB de CV) Piotroski F-Score : 6 (As of Jul. 15, 2025)


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What is Controladora Vuela Compania de AviacionB de CV 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

Controladora Vuela Compania de AviacionB de CV 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 Controladora Vuela Compania de AviacionB de CV's Piotroski F-Score or its related term are showing as below:

VLRS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Controladora Vuela Compania de AviacionB de CV was 9. The lowest was 1. And the median was 6.


Controladora Vuela Compania de AviacionB de CV Piotroski F-Score Historical Data

The historical data trend for Controladora Vuela Compania de AviacionB de CV'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.

Controladora Vuela Compania de AviacionB de CV Piotroski F-Score Chart

Controladora Vuela Compania de AviacionB de CV 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 3.00 7.00 4.00 6.00 8.00

Controladora Vuela Compania de AviacionB de CV 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 7.00 8.00 6.00

Competitive Comparison of Controladora Vuela Compania de AviacionB de CV's Piotroski F-Score

For the Airlines subindustry, Controladora Vuela Compania de AviacionB de CV'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.


Controladora Vuela Compania de AviacionB de CV's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Controladora Vuela Compania de AviacionB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Controladora Vuela Compania de AviacionB de CV'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 10 + 37 + 45.375 + -51 = $41 Mil.
Cash Flow from Operations was 304 + 233 + 307.729 + 157 = $1,002 Mil.
Revenue was 726 + 813 + 834.876 + 678 = $3,052 Mil.
Gross Profit was 80 + 162 + 142.498 + -6 = $378 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(5381 + 5418 + 5492 + 5703.71 + 5686) / 5 = $5536.142 Mil.
Total Assets at the begining of this year (Mar24) was $5,381 Mil.
Long-Term Debt & Capital Lease Obligation was $3,191 Mil.
Total Current Assets was $1,365 Mil.
Total Current Liabilities was $1,816 Mil.
Net Income was 6 + -39 + 111.819 + 33 = $112 Mil.

Revenue was 782 + 848 + 898.973 + 768 = $3,297 Mil.
Gross Profit was 118 + 116 + 243.205 + 131 = $608 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(4665 + 4789 + 5009 + 5145.972 + 5381) / 5 = $4997.9944 Mil.
Total Assets at the begining of last year (Mar23) was $4,665 Mil.
Long-Term Debt & Capital Lease Obligation was $3,028 Mil.
Total Current Assets was $1,277 Mil.
Total Current Liabilities was $1,744 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.

Controladora Vuela Compania de AviacionB de CV's current Net Income (TTM) was 41. ==> 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.

Controladora Vuela Compania de AviacionB de CV's current Cash Flow from Operations (TTM) was 1,002. ==> 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)
=41.375/5381
=0.00768909

ROA (Last Year)=Net Income/Total Assets (Mar23)
=111.819/4665
=0.02396977

Controladora Vuela Compania de AviacionB de CV's return on assets of this year was 0.00768909. Controladora Vuela Compania de AviacionB de CV's return on assets of last year was 0.02396977. ==> 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.

Controladora Vuela Compania de AviacionB de CV's current Net Income (TTM) was 41. Controladora Vuela Compania de AviacionB de CV's current Cash Flow from Operations (TTM) was 1,002. ==> 1,002 > 41 ==> 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
=3191/5536.142
=0.57639417

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=3028/4997.9944
=0.60584302

Controladora Vuela Compania de AviacionB de CV's gearing of this year was 0.57639417. Controladora Vuela Compania de AviacionB de CV's gearing of last year was 0.60584302. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1365/1816
=0.75165198

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1277/1744
=0.73222477

Controladora Vuela Compania de AviacionB de CV's current ratio of this year was 0.75165198. Controladora Vuela Compania de AviacionB de CV's current ratio of last year was 0.73222477. ==> 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.

Controladora Vuela Compania de AviacionB de CV's number of shares in issue this year was 116.458. Controladora Vuela Compania de AviacionB de CV's number of shares in issue last year was 116.598. ==> 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
=378.498/3051.876
=0.12402142

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=608.205/3296.973
=0.18447376

Controladora Vuela Compania de AviacionB de CV's gross margin of this year was 0.12402142. Controladora Vuela Compania de AviacionB de CV's gross margin of last year was 0.18447376. ==> 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)
=3051.876/5381
=0.56715778

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=3296.973/4665
=0.70674662

Controladora Vuela Compania de AviacionB de CV's asset turnover of this year was 0.56715778. Controladora Vuela Compania de AviacionB de CV's asset turnover of last year was 0.70674662. ==> 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+1+1+1+1+0+0
=6

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

Controladora Vuela Compania de AviacionB de CV has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Controladora Vuela Compania de AviacionB de CV  (NYSE:VLRS) 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.


Controladora Vuela Compania de AviacionB de CV Piotroski F-Score Related Terms

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Controladora Vuela Compania de AviacionB de CV Business Description

Traded in Other Exchanges
Address
Avenue Antonio Dovali Jaime Number 70, 13th Floor, Tower B, Colonia Zedec Santa Fe, Mexico, DF, MEX, 01210
Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central, and South America. It uses promotional fares to stimulate demand, and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires on the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger services and cargo services. The Company has two geographic areas identified as domestic (Mexico) and international (United States of America, Central America, and South America).