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Tambun Indah Land Bhd (XKLS:5191) Piotroski F-Score : 8 (As of Apr. 09, 2025)


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What is Tambun Indah Land Bhd Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

Tambun Indah Land Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:5191' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Tambun Indah Land Bhd was 8. The lowest was 2. And the median was 5.


Tambun Indah Land Bhd Piotroski F-Score Historical Data

The historical data trend for Tambun Indah Land 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.

Tambun Indah Land Bhd Piotroski F-Score Chart

Tambun Indah Land Bhd 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 4.00 6.00 5.00 5.00 8.00

Tambun Indah Land Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.00 4.00 9.00 8.00 8.00

Competitive Comparison of Tambun Indah Land Bhd's Piotroski F-Score

For the Real Estate - Diversified subindustry, Tambun Indah Land 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.


Tambun Indah Land Bhd's Piotroski F-Score Distribution in the Real Estate Industry

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

* The bar in red indicates where Tambun Indah Land Bhd'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 14.933 + 13.581 + 7.64 + 13.37 = RM49.5 Mil.
Cash Flow from Operations was -0.02 + 68.626 + -6.777 + -14.291 = RM47.5 Mil.
Revenue was 67.492 + 59.811 + 40.493 + 52.147 = RM219.9 Mil.
Gross Profit was 25.234 + 24.231 + 15.224 + 20.89 = RM85.6 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(883.506 + 891.964 + 904.796 + 889.235 + 883.513) / 5 = RM890.6028 Mil.
Total Assets at the begining of this year (Dec23) was RM883.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM45.9 Mil.
Total Current Assets was RM429.1 Mil.
Total Current Liabilities was RM64.1 Mil.
Net Income was 10.807 + 6.051 + 12.887 + 11.2 = RM40.9 Mil.

Revenue was 47.51 + 50.974 + 48.21 + 57.721 = RM204.4 Mil.
Gross Profit was 19.816 + 11.706 + 21.556 + 20.47 = RM73.5 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(884.906 + 886.416 + 883.322 + 870.725 + 883.506) / 5 = RM881.775 Mil.
Total Assets at the begining of last year (Dec22) was RM884.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM62.4 Mil.
Total Current Assets was RM428.1 Mil.
Total Current Liabilities was RM66.6 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.

Tambun Indah Land Bhd's current Net Income (TTM) was 49.5. ==> 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.

Tambun Indah Land Bhd's current Cash Flow from Operations (TTM) was 47.5. ==> 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 (Dec23)
=49.524/883.506
=0.05605395

ROA (Last Year)=Net Income/Total Assets (Dec22)
=40.945/884.906
=0.04627045

Tambun Indah Land Bhd's return on assets of this year was 0.05605395. Tambun Indah Land Bhd's return on assets of last year was 0.04627045. ==> 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.

Tambun Indah Land Bhd's current Net Income (TTM) was 49.5. Tambun Indah Land Bhd's current Cash Flow from Operations (TTM) was 47.5. ==> 47.5 <= 49.5 ==> CFROA <= ROA ==> Score 0.

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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=45.885/890.6028
=0.05152128

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=62.432/881.775
=0.07080264

Tambun Indah Land Bhd's gearing of this year was 0.05152128. Tambun Indah Land Bhd's gearing of last year was 0.07080264. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=429.145/64.06
=6.69911021

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=428.099/66.649
=6.42318714

Tambun Indah Land Bhd's current ratio of this year was 6.69911021. Tambun Indah Land Bhd's current ratio of last year was 6.42318714. ==> 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.

Tambun Indah Land Bhd's number of shares in issue this year was 439.312. Tambun Indah Land Bhd's number of shares in issue last year was 439.312. ==> 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
=85.579/219.943
=0.38909627

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=73.548/204.415
=0.35979747

Tambun Indah Land Bhd's gross margin of this year was 0.38909627. Tambun Indah Land Bhd's gross margin of last year was 0.35979747. ==> 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 (Dec23)
=219.943/883.506
=0.24894341

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=204.415/884.906
=0.23100194

Tambun Indah Land Bhd's asset turnover of this year was 0.24894341. Tambun Indah Land Bhd's asset turnover of last year was 0.23100194. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+1+1+1+1
=8

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

Tambun Indah Land Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Tambun Indah Land Bhd  (XKLS:5191) 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.


Tambun Indah Land Bhd Piotroski F-Score Related Terms

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Tambun Indah Land Bhd Business Description

Traded in Other Exchanges
N/A
Address
12-01, Penthouse, Wisma Pantai, Jalan Wisma Panta, Kampung Gajah, Butterworth, PNG, MYS, 12200
Tambun Indah Land Bhd is an investment holding company. The company and its subsidiaries are engaged in investment holding, property development, construction, and project management. It operates through three segments: Investment holding, Property development and management, and Other operations. The Investment holding segment is engaged in the operation of the car park and rental income. The Property development and management segment generates the majority of revenue by developing and managing land into vacant lots, and residential, commercial, and/or industrial buildings. The Other Operations segment includes Construction and project management activities.

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