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PGF Capital Bhd (XKLS:8117) Piotroski F-Score : 6 (As of Jun. 20, 2024)


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What is PGF Capital Bhd 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

PGF Capital Bhd 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 PGF Capital Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:8117' 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 PGF Capital Bhd was 8. The lowest was 3. And the median was 6.


PGF Capital Bhd Piotroski F-Score Historical Data

The historical data trend for PGF Capital 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.

PGF Capital Bhd Piotroski F-Score Chart

PGF Capital Bhd Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 7.00 4.00 6.00

PGF Capital Bhd Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 6.00 5.00 6.00 6.00

Competitive Comparison of PGF Capital Bhd's Piotroski F-Score

For the Specialty Chemicals subindustry, PGF Capital 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.


PGF Capital Bhd's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PGF Capital Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PGF Capital 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 (Nov23) TTM:Last Year (Nov22) TTM:
Net Income was 5.108 + 3.945 + 2.941 + 5.401 = RM17.4 Mil.
Cash Flow from Operations was 12.05 + 3.941 + 5.175 + 8.869 = RM30.0 Mil.
Revenue was 24.976 + 28.486 + 30.138 + 36.7 = RM120.3 Mil.
Gross Profit was 24.976 + 28.486 + 30.138 + 36.7 = RM120.3 Mil.
Average Total Assets from the begining of this year (Nov22)
to the end of this year (Nov23) was
(276.31 + 289.406 + 304.26 + 308.725 + 313.906) / 5 = RM298.5214 Mil.
Total Assets at the begining of this year (Nov22) was RM276.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM30.2 Mil.
Total Current Assets was RM81.4 Mil.
Total Current Liabilities was RM35.5 Mil.
Net Income was 0.901 + 5.003 + 4.128 + 2.033 = RM12.1 Mil.

Revenue was 16.8 + 25.9 + 22.484 + 17.751 = RM82.9 Mil.
Gross Profit was 16.8 + 25.9 + 22.484 + 17.751 = RM82.9 Mil.
Average Total Assets from the begining of last year (Nov21)
to the end of last year (Nov22) was
(235.337 + 264.737 + 260.348 + 273.579 + 276.31) / 5 = RM262.0622 Mil.
Total Assets at the begining of last year (Nov21) was RM235.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM15.9 Mil.
Total Current Assets was RM70.7 Mil.
Total Current Liabilities was RM34.4 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.

PGF Capital Bhd's current Net Income (TTM) was 17.4. ==> 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.

PGF Capital Bhd's current Cash Flow from Operations (TTM) was 30.0. ==> 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 (Nov22)
=17.395/276.31
=0.06295465

ROA (Last Year)=Net Income/Total Assets (Nov21)
=12.065/235.337
=0.05126691

PGF Capital Bhd's return on assets of this year was 0.06295465. PGF Capital Bhd's return on assets of last year was 0.05126691. ==> 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.

PGF Capital Bhd's current Net Income (TTM) was 17.4. PGF Capital Bhd's current Cash Flow from Operations (TTM) was 30.0. ==> 30.0 > 17.4 ==> 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: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=30.184/298.5214
=0.10111168

Gearing (Last Year: Nov22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov21 to Nov22
=15.857/262.0622
=0.06050854

PGF Capital Bhd's gearing of this year was 0.10111168. PGF Capital Bhd's gearing of last year was 0.06050854. ==> 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: Nov23)=Total Current Assets/Total Current Liabilities
=81.407/35.453
=2.29619496

Current Ratio (Last Year: Nov22)=Total Current Assets/Total Current Liabilities
=70.664/34.365
=2.05627819

PGF Capital Bhd's current ratio of this year was 2.29619496. PGF Capital Bhd's current ratio of last year was 2.05627819. ==> 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.

PGF Capital Bhd's number of shares in issue this year was 163.522. PGF Capital Bhd's number of shares in issue last year was 160.57. ==> 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
=120.3/120.3
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=82.935/82.935
=1

PGF Capital Bhd's gross margin of this year was 1. PGF Capital Bhd's gross margin of last year was 1. ==> 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 (Nov22)
=120.3/276.31
=0.43538055

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov21)
=82.935/235.337
=0.35240952

PGF Capital Bhd's asset turnover of this year was 0.43538055. PGF Capital Bhd's asset turnover of last year was 0.35240952. ==> 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+1+0+1+0+0+1
=6

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

PGF Capital Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PGF Capital Bhd  (XKLS:8117) 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.


PGF Capital Bhd Piotroski F-Score Related Terms

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PGF Capital Bhd (XKLS:8117) Business Description

Traded in Other Exchanges
N/A
Address
No. 2449, Lorong Perusahaan Sepuluh, Kawasan Perusahaan Perai, Perai, PNG, MYS, 13600
PGF Capital Bhd is an investment holding company with subsidiaries involved in manufacturing, agriculture, property development, and property investment. The Group has three business segments namely fibre glasswool and related products; Property development and Investment holding. The company generates maximum revenue from the fibre glasswool and related products segment. fibre glasswool and related products segment is a manufacturer and distributor of fibre glasswool and other related products.

PGF Capital Bhd (XKLS:8117) Headlines

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