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Sevenet (WAR:SEV) Piotroski F-Score : 6 (As of Mar. 28, 2025)


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What is Sevenet 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

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

WAR:SEV' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 6

During the past 12 years, the highest Piotroski F-Score of Sevenet was 8. The lowest was 2. And the median was 5.


Sevenet Piotroski F-Score Historical Data

The historical data trend for Sevenet'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.

Sevenet Piotroski F-Score Chart

Sevenet Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 3.00 3.00 7.00

Sevenet Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Dec24
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 7.00 6.00

Competitive Comparison of Sevenet's Piotroski F-Score

For the Information Technology Services subindustry, Sevenet'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.


Sevenet's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Sevenet's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sevenet'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 (Dec24) TTM:Last Year (Sep23) TTM:
Net Income was 2.251 + 0.051 + -1.646 + 2.153 = zł2.8 Mil.
Cash Flow from Operations was 14.792 + 4.435 + 0.671 + 4.5 = zł24.4 Mil.
Revenue was 39.246 + 28.503 + 31.986 + 48.666 = zł148.4 Mil.
Gross Profit was 20.144 + 15.834 + 17.743 + 25.191 = zł78.9 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Dec24) was
(126.736 + 165.34 + 136.426 + 143.86 + 157.496) / 5 = zł145.9716 Mil.
Total Assets at the begining of this year (Sep23) was zł126.7 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.0 Mil.
Total Current Assets was zł75.5 Mil.
Total Current Liabilities was zł51.8 Mil.
Net Income was 1.819 + -2.841 + 3.918 + 0.314 = zł3.2 Mil.

Revenue was 38.744 + 23.319 + 45.104 + 36.302 = zł143.5 Mil.
Gross Profit was 21.936 + 9.442 + 16.2 + 15.845 = zł63.4 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(96.987 + 115.557 + 105.886 + 117.386 + 126.736) / 5 = zł112.5104 Mil.
Total Assets at the begining of last year (Sep22) was zł97.0 Mil.
Long-Term Debt & Capital Lease Obligation was zł2.0 Mil.
Total Current Assets was zł68.7 Mil.
Total Current Liabilities was zł46.7 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.

Sevenet's current Net Income (TTM) was 2.8. ==> 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.

Sevenet's current Cash Flow from Operations (TTM) was 24.4. ==> 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)
=2.809/126.736
=0.02216418

ROA (Last Year)=Net Income/Total Assets (Sep22)
=3.21/96.987
=0.03309722

Sevenet's return on assets of this year was 0.02216418. Sevenet's return on assets of last year was 0.03309722. ==> 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.

Sevenet's current Net Income (TTM) was 2.8. Sevenet's current Cash Flow from Operations (TTM) was 24.4. ==> 24.4 > 2.8 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Dec24
=0/145.9716
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1.95/112.5104
=0.01733173

Sevenet's gearing of this year was 0. Sevenet's gearing of last year was 0.01733173. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=75.505/51.847
=1.45630413

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=68.678/46.69
=1.47093596

Sevenet's current ratio of this year was 1.45630413. Sevenet's current ratio of last year was 1.47093596. ==> 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.

Sevenet's number of shares in issue this year was 10.094. Sevenet's number of shares in issue last year was 10.094. ==> 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
=78.912/148.401
=0.53174844

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=63.423/143.469
=0.44206762

Sevenet's gross margin of this year was 0.53174844. Sevenet's gross margin of last year was 0.44206762. ==> 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)
=148.401/126.736
=1.1709459

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=143.469/96.987
=1.47926011

Sevenet's asset turnover of this year was 1.1709459. Sevenet's asset turnover of last year was 1.47926011. ==> 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+0+1+1+0
=6

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

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

Sevenet  (WAR:SEV) 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.


Sevenet Piotroski F-Score Related Terms

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Sevenet Business Description

Traded in Other Exchanges
N/A
Address
Ulica Galaktyczna 30A, Gdansk, POL, 80-299
Sevenet SA provides contact call centre solutions for businesses and institutions in Poland. The company's business lines include Access to the network, Business Communication Systems, Contact Center Systems, Data Center, Data Safety and Communication without barriers.