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Immo Genk Zuid (XBRU:GENK) Piotroski F-Score : 0 (As of Jun. 05, 2024)


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What is Immo Genk Zuid 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

Immo Genk Zuid has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Immo Genk Zuid's Piotroski F-Score or its related term are showing as below:


Immo Genk Zuid Piotroski F-Score Historical Data

The historical data trend for Immo Genk Zuid'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.

Immo Genk Zuid Piotroski F-Score Chart

Immo Genk Zuid Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 3.00 3.00 2.00

Immo Genk Zuid Semi-Annual Data
May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 May21
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 3.00 - 2.00 - -

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 (Nov19) TTM:Last Year (Nov18) TTM:
Net Income was €-0.01 Mil.
Cash Flow from Operations was €0.00 Mil.
Revenue was €0.68 Mil.
Gross Profit was €-0.14 Mil.
Average Total Assets from the begining of this year (Nov18)
to the end of this year (Nov19) was (10.542 + 10.128) / 2 = €10.335 Mil.
Total Assets at the begining of this year (Nov18) was €10.54 Mil.
Long-Term Debt & Capital Lease Obligation was €1.45 Mil.
Total Current Assets was €3.87 Mil.
Total Current Liabilities was €0.08 Mil.
Net Income was €0.00 Mil.

Revenue was €1.44 Mil.
Gross Profit was €0.85 Mil.
Average Total Assets from the begining of last year (Nov17)
to the end of last year (Nov18) was (13.086 + 10.542) / 2 = €11.814 Mil.
Total Assets at the begining of last year (Nov17) was €13.09 Mil.
Long-Term Debt & Capital Lease Obligation was €1.52 Mil.
Total Current Assets was €4.10 Mil.
Total Current Liabilities was €0.06 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.

Immo Genk Zuid's current Net Income (TTM) was -0.01. ==> Negative ==> Score 0.

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.

Immo Genk Zuid's current Cash Flow from Operations (TTM) was 0.00. ==> Negative ==> Score 0.

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 (Nov18)
=-0.013/10.542
=-0.00123316

ROA (Last Year)=Net Income/Total Assets (Nov17)
=0/13.086
=0

Immo Genk Zuid's return on assets of this year was -0.00123316. Immo Genk Zuid's return on assets of last year was 0. ==> 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.

Immo Genk Zuid's current Net Income (TTM) was -0.01. Immo Genk Zuid's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 > -0.01 ==> 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: Nov19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov18 to Nov19
=1.448/10.335
=0.14010643

Gearing (Last Year: Nov18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov17 to Nov18
=1.518/11.814
=0.12849162

Immo Genk Zuid's gearing of this year was 0.14010643. Immo Genk Zuid's gearing of last year was 0.12849162. ==> Last year is lower than this year ==> Score 0.

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: Nov19)=Total Current Assets/Total Current Liabilities
=3.868/0.079
=48.96202532

Current Ratio (Last Year: Nov18)=Total Current Assets/Total Current Liabilities
=4.101/0.058
=70.70689655

Immo Genk Zuid's current ratio of this year was 48.96202532. Immo Genk Zuid's current ratio of last year was 70.70689655. ==> 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.

Immo Genk Zuid's number of shares in issue this year was 0. Immo Genk Zuid's number of shares in issue last year was 0. ==> 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
=-0.141/0.682
=-0.20674487

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.848/1.436
=0.59052925

Immo Genk Zuid's gross margin of this year was -0.20674487. Immo Genk Zuid's gross margin of last year was 0.59052925. ==> 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 (Nov18)
=0.682/10.542
=0.06469361

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov17)
=1.436/13.086
=0.1097356

Immo Genk Zuid's asset turnover of this year was 0.06469361. Immo Genk Zuid's asset turnover of last year was 0.1097356. ==> 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
=0+0+0+1+0+0+1+0+0
=2

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

Immo Genk Zuid has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Immo Genk Zuid  (XBRU:GENK) 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.


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Immo Genk Zuid (XBRU:GENK) Business Description

Traded in Other Exchanges
N/A
Address
Avenue du Port 12, Brussels, BEL, 1080
Immo Genk Zuid is engaged in real estate business.