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CANCOM SE (WBO:COK) Piotroski F-Score : 6 (As of Jul. 08, 2025)


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What is CANCOM SE 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

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

WBO:COK' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of CANCOM SE was 8. The lowest was 3. And the median was 6.


CANCOM SE Piotroski F-Score Historical Data

The historical data trend for CANCOM SE'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.

CANCOM SE Piotroski F-Score Chart

CANCOM SE 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 6.00 7.00 3.00 6.00 6.00

CANCOM SE 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 8.00 6.00 6.00 6.00

Competitive Comparison of CANCOM SE's Piotroski F-Score

For the Information Technology Services subindustry, CANCOM SE'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.


CANCOM SE's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where CANCOM SE'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 7.075 + 9.257 + 6.938 + 3.179 = €26 Mil.
Cash Flow from Operations was 12.384 + -10.144 + 134.383 + 3.11 = €140 Mil.
Revenue was 396.927 + 424.345 + 485.527 + 412.989 = €1,720 Mil.
Gross Profit was 168.169 + 174.017 + 180.159 + 169.237 = €692 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(1492.237 + 1443.18 + 1377.862 + 1406.896 + 1338.276) / 5 = €1411.6902 Mil.
Total Assets at the begining of this year (Mar24) was €1,492 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €707 Mil.
Total Current Liabilities was €551 Mil.
Net Income was 4.496 + 10.365 + 11.799 + 10.183 = €37 Mil.

Revenue was 331.42 + 420.46 + 466.119 + 442.737 = €1,661 Mil.
Gross Profit was 128.184 + 161.704 + 174.493 + 170.992 = €635 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(1230.047 + 1533.696 + 1508.79 + 1549.321 + 1492.237) / 5 = €1462.8182 Mil.
Total Assets at the begining of last year (Mar23) was €1,230 Mil.
Long-Term Debt & Capital Lease Obligation was €2 Mil.
Total Current Assets was €860 Mil.
Total Current Liabilities was €571 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.

CANCOM SE's current Net Income (TTM) was 26. ==> 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.

CANCOM SE's current Cash Flow from Operations (TTM) was 140. ==> 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)
=26.449/1492.237
=0.0177244

ROA (Last Year)=Net Income/Total Assets (Mar23)
=36.843/1230.047
=0.02995251

CANCOM SE's return on assets of this year was 0.0177244. CANCOM SE's return on assets of last year was 0.02995251. ==> 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.

CANCOM SE's current Net Income (TTM) was 26. CANCOM SE's current Cash Flow from Operations (TTM) was 140. ==> 140 > 26 ==> 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
=0.219/1411.6902
=0.00015513

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1.655/1462.8182
=0.00113138

CANCOM SE's gearing of this year was 0.00015513. CANCOM SE's gearing of last year was 0.00113138. ==> 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
=707.471/550.686
=1.28470853

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=860.149/570.745
=1.50706357

CANCOM SE's current ratio of this year was 1.28470853. CANCOM SE's current ratio of last year was 1.50706357. ==> 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.

CANCOM SE's number of shares in issue this year was 31.515. CANCOM SE's number of shares in issue last year was 35.59. ==> 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
=691.582/1719.788
=0.40213212

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=635.373/1660.736
=0.38258519

CANCOM SE's gross margin of this year was 0.40213212. CANCOM SE's gross margin of last year was 0.38258519. ==> 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 (Mar24)
=1719.788/1492.237
=1.15248985

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1660.736/1230.047
=1.35014028

CANCOM SE's asset turnover of this year was 1.15248985. CANCOM SE's asset turnover of last year was 1.35014028. ==> 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

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

CANCOM SE  (WBO:COK) 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.


CANCOM SE Piotroski F-Score Related Terms

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CANCOM SE Business Description

Address
Erika-Mann-Strasse 69, Munich, BY, DEU, D-80636
CANCOM SE is a hybrid IT service provider. The group's range of IT solutions includes consulting, implementation, services and the operation of IT systems. As a hybrid IT integrator and service provider, the company delivers a range of services and solutions that includes business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting or as-a-service offerings. In geographical terms, the company operates in Germany, Austria as well as Switzerland, Romania and Belgium.

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