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UEM Sunrise Bhd (XKLS:5148) Piotroski F-Score : 7 (As of Dec. 13, 2024)


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What is UEM Sunrise Bhd Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

UEM Sunrise Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for UEM Sunrise Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:5148' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of UEM Sunrise Bhd was 8. The lowest was 1. And the median was 5.


UEM Sunrise Bhd Piotroski F-Score Historical Data

The historical data trend for UEM Sunrise Bhd'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.

UEM Sunrise Bhd Piotroski F-Score Chart

UEM Sunrise Bhd 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 5.00 1.00 5.00 8.00 6.00

UEM Sunrise Bhd Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.00 6.00 6.00 6.00 7.00

Competitive Comparison of UEM Sunrise Bhd's Piotroski F-Score

For the Real Estate - Development subindustry, UEM Sunrise Bhd'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.


UEM Sunrise Bhd's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, UEM Sunrise Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where UEM Sunrise Bhd'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 27.338 + 8.178 + 18.843 + 22.99 = RM77 Mil.
Cash Flow from Operations was 51.555 + 119.75 + -48.205 + 69.782 = RM193 Mil.
Revenue was 421.973 + 224.956 + 205.223 + 369.329 = RM1,221 Mil.
Gross Profit was 170.187 + 70.331 + 72.475 + 113.113 = RM426 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(12865.978 + 12973.534 + 13022.744 + 12873.522 + 12677.505) / 5 = RM12882.6566 Mil.
Total Assets at the begining of this year (Sep23) was RM12,866 Mil.
Long-Term Debt & Capital Lease Obligation was RM3,351 Mil.
Total Current Assets was RM3,693 Mil.
Total Current Liabilities was RM1,728 Mil.
Net Income was 20.465 + 15.354 + 24.698 + 8.337 = RM69 Mil.

Revenue was 336.218 + 240.778 + 363.955 + 312.354 = RM1,253 Mil.
Gross Profit was 123.339 + 106.116 + 114.635 + 82.771 = RM427 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(13026.945 + 13053.903 + 13094.592 + 13354.717 + 12865.978) / 5 = RM13079.227 Mil.
Total Assets at the begining of last year (Sep22) was RM13,027 Mil.
Long-Term Debt & Capital Lease Obligation was RM2,905 Mil.
Total Current Assets was RM3,450 Mil.
Total Current Liabilities was RM2,413 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.

UEM Sunrise Bhd's current Net Income (TTM) was 77. ==> 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.

UEM Sunrise Bhd's current Cash Flow from Operations (TTM) was 193. ==> 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)
=77.349/12865.978
=0.0060119

ROA (Last Year)=Net Income/Total Assets (Sep22)
=68.854/13026.945
=0.00528551

UEM Sunrise Bhd's return on assets of this year was 0.0060119. UEM Sunrise Bhd's return on assets of last year was 0.00528551. ==> 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.

UEM Sunrise Bhd's current Net Income (TTM) was 77. UEM Sunrise Bhd's current Cash Flow from Operations (TTM) was 193. ==> 193 > 77 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=3351.125/12882.6566
=0.26012686

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2904.707/13079.227
=0.22208553

UEM Sunrise Bhd's gearing of this year was 0.26012686. UEM Sunrise Bhd's gearing of last year was 0.22208553. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=3692.8/1728.482
=2.13644111

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=3450.397/2412.825
=1.43002373

UEM Sunrise Bhd's current ratio of this year was 2.13644111. UEM Sunrise Bhd's current ratio of last year was 1.43002373. ==> This year's current ratio is higher. ==> Score 1.

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.

UEM Sunrise Bhd's number of shares in issue this year was 5058.476. UEM Sunrise Bhd's number of shares in issue last year was 5058.476. ==> 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
=426.106/1221.481
=0.34884374

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=426.861/1253.305
=0.34058828

UEM Sunrise Bhd's gross margin of this year was 0.34884374. UEM Sunrise Bhd's gross margin of last year was 0.34058828. ==> 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)
=1221.481/12865.978
=0.09493884

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1253.305/13026.945
=0.09620867

UEM Sunrise Bhd's asset turnover of this year was 0.09493884. UEM Sunrise Bhd's asset turnover of last year was 0.09620867. ==> 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+0+1+1+1+0
=7

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

UEM Sunrise Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

UEM Sunrise Bhd  (XKLS:5148) 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.


UEM Sunrise Bhd Piotroski F-Score Related Terms

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UEM Sunrise Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Jalan Dutamas 1, Level U2, Block C5, Solaris Dutamas, Kuala Lumpur, SGR, MYS, 50480
UEM Sunrise Bhd is a property development company wholly owned by Khazanah, an investment fund of the Government of Malaysia. The company focuses on macro township development, high-rise residential, commercial, retail, and integrated developments, property management, and project & construction services. The company operates in three main business segments: property development, Property investment & hotel operation, and Others. The property development segment, which generates the majority of revenue, develops and sells residential and commercial properties and is also involved in the sales of lands. Its geographical segments are Malaysia which is also its key revenue-generating market, Australia, South Africa, and Singapore.

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