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Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bloober Team has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Bloober Team's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Bloober Team was 8. The lowest was 2. And the median was 5.
The historical data trend for Bloober Team'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.
Bloober Team Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 4.00 | 7.00 | 8.00 | 4.00 | 6.00 |
Bloober Team Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Piotroski F-Score | Get a 7-Day Free Trial | 4.00 | 6.00 | 8.00 | 7.00 | 7.00 |
For the Electronic Gaming & Multimedia subindustry, Bloober Team'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.
For the Interactive Media industry and Communication Services sector, Bloober Team's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bloober Team'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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Net Income was -2.686 + 15.445 + -1.309 + 1.044 = zł12.49 Mil. Cash Flow from Operations was -2.445 + 17.751 + 11.907 + 8.991 = zł36.20 Mil. Revenue was 15.356 + 42.372 + 6.542 + 17.337 = zł81.61 Mil. Gross Profit was -3.779 + 16.847 + 1.401 + 5.989 = zł20.46 Mil. Average Total Assets from the begining of this year (Sep23) to the end of this year (Sep24) was (133.693 + 137.169 + 153.67 + 158.426 + 187.884) / 5 = zł154.1684 Mil. Total Assets at the begining of this year (Sep23) was zł133.69 Mil. Long-Term Debt & Capital Lease Obligation was zł0.00 Mil. Total Current Assets was zł50.27 Mil. Total Current Liabilities was zł61.06 Mil. |
Net Income was -16.168 + 3.176 + 0.736 + 0.43 = zł-11.83 Mil. Revenue was 7.627 + 30.466 + 25.498 + 22.69 = zł86.28 Mil. Gross Profit was -42.988 + 7.507 + 22.844 + 2.888 = zł-9.75 Mil. Average Total Assets from the begining of last year (Sep22) to the end of last year (Sep23) was (112.145 + 125.985 + 130.184 + 123.699 + 133.693) / 5 = zł125.1412 Mil. Total Assets at the begining of last year (Sep22) was zł112.15 Mil. Long-Term Debt & Capital Lease Obligation was zł0.00 Mil. Total Current Assets was zł74.62 Mil. Total Current Liabilities was zł18.76 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.
Bloober Team's current Net Income (TTM) was 12.49.
==> 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.
Bloober Team's current Cash Flow from Operations (TTM) was 36.20.
==> 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 (Sep23) |
= | 12.494 | / | 133.693 | |
= | 0.09345291 |
ROA (Last Year) | = | Net Income | / | Total Assets (Sep22) |
= | -11.826 | / | 112.145 | |
= | -0.10545276 |
Bloober Team's return on assets of this year was 0.09345291. Bloober Team's return on assets of last year was -0.10545276.
==> 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.
Bloober Team's current Net Income (TTM) was 12.49. Bloober Team's current Cash Flow from Operations (TTM) was 36.20.
==> 36.20 > 12.49 ==> 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: Sep24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep23 to Sep24 |
= | 0 | / | 154.1684 | |
= | 0 |
Gearing (Last Year: Sep23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep22 to Sep23 |
= | 0 | / | 125.1412 | |
= | 0 |
Bloober Team's gearing of this year was 0. Bloober Team's gearing of last year was 0.
==> 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: Sep24) | = | Total Current Assets | / | Total Current Liabilities |
= | 50.27 | / | 61.056 | |
= | 0.82334251 |
Current Ratio (Last Year: Sep23) | = | Total Current Assets | / | Total Current Liabilities |
= | 74.617 | / | 18.756 | |
= | 3.97830028 |
Bloober Team's current ratio of this year was 0.82334251. Bloober Team's current ratio of last year was 3.97830028.
==> 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.
Bloober Team's number of shares in issue this year was 19.286. Bloober Team's number of shares in issue last year was 19.3.
==> 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 |
= | 20.458 | / | 81.607 | |
= | 0.25068928 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | -9.749 | / | 86.281 | |
= | -0.11299127 |
Bloober Team's gross margin of this year was 0.25068928. Bloober Team's gross margin of last year was -0.11299127.
==> This year's gross 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 (Sep23) |
= | 81.607 | / | 133.693 | |
= | 0.61040593 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Sep22) |
= | 86.281 | / | 112.145 | |
= | 0.76937001 |
Bloober Team's asset turnover of this year was 0.61040593. Bloober Team's asset turnover of last year was 0.76937001.
==> 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 | + | 1 | + | 1 | + | 0 | |
= | 7 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bloober Team has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Bloober Team (WAR:BLO) 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.
Thank you for viewing the detailed overview of Bloober Team's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
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