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Dino Polska (WAR:DNP) Piotroski F-Score : 5 (As of Dec. 11, 2024)


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What is Dino Polska 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

Dino Polska 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 Dino Polska's Piotroski F-Score or its related term are showing as below:

WAR:DNP' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 5

During the past 10 years, the highest Piotroski F-Score of Dino Polska was 9. The lowest was 5. And the median was 7.


Dino Polska Piotroski F-Score Historical Data

The historical data trend for Dino Polska'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.

Dino Polska Piotroski F-Score Chart

Dino Polska 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 7.00 8.00 6.00 6.00 7.00

Dino Polska 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 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 7.00 7.00 6.00 6.00 5.00

Competitive Comparison of Dino Polska's Piotroski F-Score

For the Grocery Stores subindustry, Dino Polska'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.


Dino Polska's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Dino Polska's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dino Polska'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 348.445 + 295.248 + 347.874 + 438.212 = PLN1,430 Mil.
Cash Flow from Operations was 313.299 + 435.681 + 527.034 + 725.243 = PLN2,001 Mil.
Revenue was 6697.953 + 6671.246 + 7243.008 + 7607.38 = PLN28,220 Mil.
Gross Profit was 1534.452 + 1539.601 + 1640.489 + 1797.756 = PLN6,512 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(9757.676 + 10377.715 + 10585.951 + 11026.285 + 11547.302) / 5 = PLN10658.9858 Mil.
Total Assets at the begining of this year (Sep23) was PLN9,758 Mil.
Long-Term Debt & Capital Lease Obligation was PLN363 Mil.
Total Current Assets was PLN3,363 Mil.
Total Current Liabilities was PLN4,047 Mil.
Net Income was 328.204 + 270.654 + 362.193 + 424.035 = PLN1,385 Mil.

Revenue was 5692.903 + 5544.294 + 6548.678 + 6875.33 = PLN24,661 Mil.
Gross Profit was 1314.745 + 1335.041 + 1462.38 + 1592.923 = PLN5,705 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(8267.872 + 9003.059 + 8964.271 + 9407.08 + 9757.676) / 5 = PLN9079.9916 Mil.
Total Assets at the begining of last year (Sep22) was PLN8,268 Mil.
Long-Term Debt & Capital Lease Obligation was PLN569 Mil.
Total Current Assets was PLN2,901 Mil.
Total Current Liabilities was PLN3,510 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.

Dino Polska's current Net Income (TTM) was 1,430. ==> 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.

Dino Polska's current Cash Flow from Operations (TTM) was 2,001. ==> 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)
=1429.779/9757.676
=0.14652864

ROA (Last Year)=Net Income/Total Assets (Sep22)
=1385.086/8267.872
=0.1675263

Dino Polska's return on assets of this year was 0.14652864. Dino Polska's return on assets of last year was 0.1675263. ==> 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.

Dino Polska's current Net Income (TTM) was 1,430. Dino Polska's current Cash Flow from Operations (TTM) was 2,001. ==> 2,001 > 1,430 ==> 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
=363.183/10658.9858
=0.03407294

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=568.741/9079.9916
=0.06263673

Dino Polska's gearing of this year was 0.03407294. Dino Polska's gearing of last year was 0.06263673. ==> 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
=3362.637/4047.112
=0.83087323

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=2901.231/3510.131
=0.82653069

Dino Polska's current ratio of this year was 0.83087323. Dino Polska's current ratio of last year was 0.82653069. ==> 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.

Dino Polska's number of shares in issue this year was 98.034. Dino Polska's number of shares in issue last year was 97.93. ==> 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
=6512.298/28219.587
=0.23077226

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5705.089/24661.205
=0.23133861

Dino Polska's gross margin of this year was 0.23077226. Dino Polska's gross margin of last year was 0.23133861. ==> 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 (Sep23)
=28219.587/9757.676
=2.89203976

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=24661.205/8267.872
=2.98277537

Dino Polska's asset turnover of this year was 2.89203976. Dino Polska's asset turnover of last year was 2.98277537. ==> 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+0+0+0
=5

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

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

Dino Polska  (WAR:DNP) 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.


Dino Polska Piotroski F-Score Related Terms

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Dino Polska Business Description

Traded in Other Exchanges
Address
ul. Ostrowska 122, Krotoszyn, POL, 63-700
Dino Polska SA is engaged in retail sales in non-specialized stores with food, beverages and tobacco. It conducts processing of meat in the form of culinary meat, to external recipients within its retail chain.

Dino Polska Headlines

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