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ENRA Group Bhd (XKLS:8613) Piotroski F-Score : 1 (As of Dec. 11, 2024)


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What is ENRA Group Bhd Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

ENRA Group Bhd has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

XKLS:8613' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 1

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


ENRA Group Bhd Piotroski F-Score Historical Data

The historical data trend for ENRA Group 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.

ENRA Group Bhd Piotroski F-Score Chart

ENRA Group Bhd Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 8.00 2.00 5.00

ENRA Group 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 4.00 5.00 5.00 1.00 1.00

Competitive Comparison of ENRA Group Bhd's Piotroski F-Score

For the Conglomerates subindustry, ENRA Group 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.


ENRA Group Bhd's Piotroski F-Score Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ENRA Group Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ENRA Group 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 -4.174 + -7.769 + -8.306 + -7.793 = RM-28.04 Mil.
Cash Flow from Operations was -3.102 + -4.725 + -6.101 + 6.46 = RM-7.47 Mil.
Revenue was 7.154 + 1.336 + 0.764 + 7.225 = RM16.48 Mil.
Gross Profit was -1.431 + -5.03 + -4.917 + -4.62 = RM-16.00 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(153.831 + 167.78 + 151.928 + 158.97 + 158.101) / 5 = RM158.122 Mil.
Total Assets at the begining of this year (Sep23) was RM153.83 Mil.
Long-Term Debt & Capital Lease Obligation was RM11.76 Mil.
Total Current Assets was RM72.43 Mil.
Total Current Liabilities was RM71.70 Mil.
Net Income was 0.168 + -7.145 + -1.947 + -0.987 = RM-9.91 Mil.

Revenue was 10.829 + 9.823 + 10.908 + 11.659 = RM43.22 Mil.
Gross Profit was 2.269 + 2.691 + 3.517 + 3.098 = RM11.58 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(159.563 + 159.923 + 153.121 + 158.352 + 153.831) / 5 = RM156.958 Mil.
Total Assets at the begining of last year (Sep22) was RM159.56 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.35 Mil.
Total Current Assets was RM79.60 Mil.
Total Current Liabilities was RM35.54 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.

ENRA Group Bhd's current Net Income (TTM) was -28.04. ==> 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.

ENRA Group Bhd's current Cash Flow from Operations (TTM) was -7.47. ==> 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 (Sep23)
=-28.042/153.831
=-0.18229096

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-9.911/159.563
=-0.0621134

ENRA Group Bhd's return on assets of this year was -0.18229096. ENRA Group Bhd's return on assets of last year was -0.0621134. ==> 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.

ENRA Group Bhd's current Net Income (TTM) was -28.04. ENRA Group Bhd's current Cash Flow from Operations (TTM) was -7.47. ==> -7.47 > -28.04 ==> 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
=11.763/158.122
=0.07439193

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2.346/156.958
=0.01494667

ENRA Group Bhd's gearing of this year was 0.07439193. ENRA Group Bhd's gearing of last year was 0.01494667. ==> 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
=72.426/71.7
=1.01012552

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=79.595/35.538
=2.23971523

ENRA Group Bhd's current ratio of this year was 1.01012552. ENRA Group Bhd's current ratio of last year was 2.23971523. ==> 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.

ENRA Group Bhd's number of shares in issue this year was 205.282. ENRA Group Bhd's number of shares in issue last year was 182.331. ==> 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
=-15.998/16.479
=-0.97081134

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.575/43.219
=0.26782202

ENRA Group Bhd's gross margin of this year was -0.97081134. ENRA Group Bhd's gross margin of last year was 0.26782202. ==> 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 (Sep23)
=16.479/153.831
=0.10712405

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=43.219/159.563
=0.27085853

ENRA Group Bhd's asset turnover of this year was 0.10712405. ENRA Group Bhd's asset turnover of last year was 0.27085853. ==> 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+0+0+0
=1

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

ENRA Group Bhd has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

ENRA Group Bhd  (XKLS:8613) 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.


ENRA Group Bhd Piotroski F-Score Related Terms

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ENRA Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Jalan Dutamas 1, D3-U6-15, Block D3, Solaris Dutamas, Kuala Lumpur, MYS, 50480
ENRA Group Bhd is engaged in property development and investment, investment holding, and energy services activities. The core segments of the company include Property development, Energy services Investment holdings, and others. It derives a majority of its revenue from the Energy Services segment.

ENRA Group Bhd Headlines

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