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Hutter und Schrantz Stahlbau AG (WBO:HST) Piotroski F-Score : 6 (As of Dec. 14, 2024)


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What is Hutter und Schrantz Stahlbau AG 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

Hutter und Schrantz Stahlbau AG 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 Hutter und Schrantz Stahlbau AG's Piotroski F-Score or its related term are showing as below:

WBO:HST' 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 Hutter und Schrantz Stahlbau AG was 8. The lowest was 3. And the median was 6.


Hutter und Schrantz Stahlbau AG Piotroski F-Score Historical Data

The historical data trend for Hutter und Schrantz Stahlbau AG'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.

Hutter und Schrantz Stahlbau AG Piotroski F-Score Chart

Hutter und Schrantz Stahlbau AG 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 6.00 6.00 7.00 5.00 6.00

Hutter und Schrantz Stahlbau AG Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 5.00 6.00

Competitive Comparison of Hutter und Schrantz Stahlbau AG's Piotroski F-Score

For the Steel subindustry, Hutter und Schrantz Stahlbau AG'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.


Hutter und Schrantz Stahlbau AG's Piotroski F-Score Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hutter und Schrantz Stahlbau AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hutter und Schrantz Stahlbau AG'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was €2.80 Mil.
Cash Flow from Operations was €12.16 Mil.
Revenue was €95.20 Mil.
Gross Profit was €48.97 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (81.752 + 87.653) / 2 = €84.7025 Mil.
Total Assets at the begining of this year (Dec22) was €81.75 Mil.
Long-Term Debt & Capital Lease Obligation was €0.85 Mil.
Total Current Assets was €55.51 Mil.
Total Current Liabilities was €9.42 Mil.
Net Income was €0.86 Mil.

Revenue was €102.22 Mil.
Gross Profit was €38.38 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (79.903 + 81.752) / 2 = €80.8275 Mil.
Total Assets at the begining of last year (Dec21) was €79.90 Mil.
Long-Term Debt & Capital Lease Obligation was €2.33 Mil.
Total Current Assets was €51.10 Mil.
Total Current Liabilities was €8.52 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.

Hutter und Schrantz Stahlbau AG's current Net Income (TTM) was 2.80. ==> 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.

Hutter und Schrantz Stahlbau AG's current Cash Flow from Operations (TTM) was 12.16. ==> 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 (Dec22)
=2.804/81.752
=0.03429886

ROA (Last Year)=Net Income/Total Assets (Dec21)
=0.861/79.903
=0.01077557

Hutter und Schrantz Stahlbau AG's return on assets of this year was 0.03429886. Hutter und Schrantz Stahlbau AG's return on assets of last year was 0.01077557. ==> 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.

Hutter und Schrantz Stahlbau AG's current Net Income (TTM) was 2.80. Hutter und Schrantz Stahlbau AG's current Cash Flow from Operations (TTM) was 12.16. ==> 12.16 > 2.80 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.845/84.7025
=0.00997609

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2.328/80.8275
=0.02880208

Hutter und Schrantz Stahlbau AG's gearing of this year was 0.00997609. Hutter und Schrantz Stahlbau AG's gearing of last year was 0.02880208. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=55.514/9.416
=5.89570943

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=51.103/8.517
=6.00011741

Hutter und Schrantz Stahlbau AG's current ratio of this year was 5.89570943. Hutter und Schrantz Stahlbau AG's current ratio of last year was 6.00011741. ==> 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.

Hutter und Schrantz Stahlbau AG's number of shares in issue this year was 1.516. Hutter und Schrantz Stahlbau AG's number of shares in issue last year was 1.484. ==> 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
=48.969/95.197
=0.51439646

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=38.375/102.224
=0.37540108

Hutter und Schrantz Stahlbau AG's gross margin of this year was 0.51439646. Hutter und Schrantz Stahlbau AG's gross margin of last year was 0.37540108. ==> 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 (Dec22)
=95.197/81.752
=1.16446081

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=102.224/79.903
=1.27935121

Hutter und Schrantz Stahlbau AG's asset turnover of this year was 1.16446081. Hutter und Schrantz Stahlbau AG's asset turnover of last year was 1.27935121. ==> 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+0+1+0
=6

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

Hutter und Schrantz Stahlbau AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Hutter und Schrantz Stahlbau AG  (WBO:HST) 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.


Hutter und Schrantz Stahlbau AG Piotroski F-Score Related Terms

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Hutter und Schrantz Stahlbau AG Business Description

Traded in Other Exchanges
N/A
Address
Grossmarktstrasse 7, Vienna, AUT, 1230
Hutter und Schrantz Stahlbau AG is a steel construction company. It is engaged in the manufacturing and sale of steel buildings and components for heavy machinery as well as technological and structural steel engineering.