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Xior Student Housing NV (XBRU:XIOR) Piotroski F-Score : 4 (As of Apr. 26, 2024)


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What is Xior Student Housing NV 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

Xior Student Housing NV has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Xior Student Housing NV's Piotroski F-Score or its related term are showing as below:

XBRU:XIOR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 4

During the past 9 years, the highest Piotroski F-Score of Xior Student Housing NV was 5. The lowest was 2. And the median was 4.


Xior Student Housing NV Piotroski F-Score Historical Data

The historical data trend for Xior Student Housing NV'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.

Xior Student Housing NV Piotroski F-Score Chart

Xior Student Housing NV Annual Data
Trend Jun15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 2.00 4.00 5.00 4.00 4.00

Xior Student Housing NV Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 Premium Member Only 5.00 - 4.00 - 4.00

Competitive Comparison of Xior Student Housing NV's Piotroski F-Score

For the REIT - Diversified subindustry, Xior Student Housing NV'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.


Xior Student Housing NV's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Xior Student Housing NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xior Student Housing NV'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 €-9.9 Mil.
Cash Flow from Operations was €26.1 Mil.
Revenue was €184.3 Mil.
Gross Profit was €134.4 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (3215.899 + 3396.864) / 2 = €3306.3815 Mil.
Total Assets at the begining of this year (Dec22) was €3,215.9 Mil.
Long-Term Debt & Capital Lease Obligation was €1,217.9 Mil.
Total Current Assets was €111.6 Mil.
Total Current Liabilities was €566.0 Mil.
Net Income was €186.2 Mil.

Revenue was €133.6 Mil.
Gross Profit was €94.7 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (2076.446 + 3215.899) / 2 = €2646.1725 Mil.
Total Assets at the begining of last year (Dec21) was €2,076.4 Mil.
Long-Term Debt & Capital Lease Obligation was €1,397.0 Mil.
Total Current Assets was €71.1 Mil.
Total Current Liabilities was €256.5 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.

Xior Student Housing NV's current Net Income (TTM) was -9.9. ==> 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.

Xior Student Housing NV's current Cash Flow from Operations (TTM) was 26.1. ==> 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)
=-9.898/3215.899
=-0.00307783

ROA (Last Year)=Net Income/Total Assets (Dec21)
=186.186/2076.446
=0.08966571

Xior Student Housing NV's return on assets of this year was -0.00307783. Xior Student Housing NV's return on assets of last year was 0.08966571. ==> 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.

Xior Student Housing NV's current Net Income (TTM) was -9.9. Xior Student Housing NV's current Cash Flow from Operations (TTM) was 26.1. ==> 26.1 > -9.9 ==> 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
=1217.937/3306.3815
=0.36835949

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1397.029/2646.1725
=0.52794328

Xior Student Housing NV's gearing of this year was 0.36835949. Xior Student Housing NV's gearing of last year was 0.52794328. ==> 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
=111.64/565.972
=0.19725357

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=71.137/256.548
=0.27728534

Xior Student Housing NV's current ratio of this year was 0.19725357. Xior Student Housing NV's current ratio of last year was 0.27728534. ==> 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.

Xior Student Housing NV's number of shares in issue this year was 37.142. Xior Student Housing NV's number of shares in issue last year was 30.006. ==> 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
=134.373/184.326
=0.72899645

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=94.696/133.585
=0.70888199

Xior Student Housing NV's gross margin of this year was 0.72899645. Xior Student Housing NV's gross margin of last year was 0.70888199. ==> 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)
=184.326/3215.899
=0.0573171

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=133.585/2076.446
=0.06433348

Xior Student Housing NV's asset turnover of this year was 0.0573171. Xior Student Housing NV's asset turnover of last year was 0.06433348. ==> 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+1+0+1+1+0+0+1+0
=4

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

Xior Student Housing NV has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Xior Student Housing NV  (XBRU:XIOR) 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.


Xior Student Housing NV Piotroski F-Score Related Terms

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Xior Student Housing NV (XBRU:XIOR) Business Description

Traded in Other Exchanges
Address
Mechelsesteenweg 34, Box 108, Antwerpen, BEL, 2018
Xior Student Housing NV is a real estate company specialized in the student housing sector operating in Belgium, the Netherlands, Spain and Portugal. It offers a variety of properties, ranging from rooms with shared facilities to en-suite rooms and fully equipped studios. The company also offers additional facilities, including access to certain buildings via a badge system, extra comfort, communal living facilities such as lounges and TV rooms, 24/7 emergency services, vending machines, washing machines, automated key systems and so on. The company mainly operates in Belgium and the Netherlands.

Xior Student Housing NV (XBRU:XIOR) Headlines

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