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Samsung BioLogics Co (XKRX:207940) Piotroski F-Score : 8 (As of Apr. 18, 2025)


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What is Samsung BioLogics Co 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

Samsung BioLogics Co 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 Samsung BioLogics Co's Piotroski F-Score or its related term are showing as below:

XKRX:207940' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 11 years, the highest Piotroski F-Score of Samsung BioLogics Co was 8. The lowest was 4. And the median was 7.


Samsung BioLogics Co Piotroski F-Score Historical Data

The historical data trend for Samsung BioLogics Co'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.

Samsung BioLogics Co Piotroski F-Score Chart

Samsung BioLogics Co 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 7.00 7.00 7.00 5.00 8.00

Samsung BioLogics Co 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 6.00 9.00 8.00

Competitive Comparison of Samsung BioLogics Co's Piotroski F-Score

For the Biotechnology subindustry, Samsung BioLogics Co'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.


Samsung BioLogics Co's Piotroski F-Score Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Samsung BioLogics Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Samsung BioLogics Co'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 179361.789 + 317992.129 + 264468.354 + 321493.614 = ₩1,083,316 Mil.
Cash Flow from Operations was 289843.262 + 239461.322 + 740391.936 + 389558.884 = ₩1,659,255 Mil.
Revenue was 946903.319 + 1156904.189 + 1187075.476 + 1256439.192 = ₩4,547,322 Mil.
Gross Profit was 420153.968 + 657834.932 + 544106.124 + 668749.566 = ₩2,290,845 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(16046197.209 + 16523192.424 + 16342851.142 + 16026339.69 + 17336296.35) / 5 = ₩16454975.363 Mil.
Total Assets at the begining of this year (Dec23) was ₩16,046,197 Mil.
Long-Term Debt & Capital Lease Obligation was ₩1,020,645 Mil.
Total Current Assets was ₩5,518,118 Mil.
Total Current Liabilities was ₩3,853,188 Mil.
Net Income was 141755.374 + 184885.675 + 240366.712 + 290683.538 = ₩857,691 Mil.

Revenue was 720922.039 + 866184.57 + 1033973.429 + 1073508.729 = ₩3,694,589 Mil.
Gross Profit was 342540.018 + 427146.82 + 501814.457 + 531263.266 = ₩1,802,765 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(16582050.258 + 16381707.091 + 15701801.078 + 15887670.237 + 16046197.209) / 5 = ₩16119885.1746 Mil.
Total Assets at the begining of last year (Dec22) was ₩16,582,050 Mil.
Long-Term Debt & Capital Lease Obligation was ₩377,397 Mil.
Total Current Assets was ₩5,521,988 Mil.
Total Current Liabilities was ₩4,157,861 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.

Samsung BioLogics Co's current Net Income (TTM) was 1,083,316. ==> 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.

Samsung BioLogics Co's current Cash Flow from Operations (TTM) was 1,659,255. ==> 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)
=1083315.886/16046197.209
=0.06751231

ROA (Last Year)=Net Income/Total Assets (Dec22)
=857691.299/16582050.258
=0.05172408

Samsung BioLogics Co's return on assets of this year was 0.06751231. Samsung BioLogics Co's return on assets of last year was 0.05172408. ==> 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.

Samsung BioLogics Co's current Net Income (TTM) was 1,083,316. Samsung BioLogics Co's current Cash Flow from Operations (TTM) was 1,659,255. ==> 1,659,255 > 1,083,316 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1020645.428/16454975.363
=0.06202655

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=377396.784/16119885.1746
=0.02341188

Samsung BioLogics Co's gearing of this year was 0.06202655. Samsung BioLogics Co's gearing of last year was 0.02341188. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=5518117.815/3853188.426
=1.43209135

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=5521987.757/4157860.817
=1.32808384

Samsung BioLogics Co's current ratio of this year was 1.43209135. Samsung BioLogics Co's current ratio of last year was 1.32808384. ==> 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.

Samsung BioLogics Co's number of shares in issue this year was 71.175. Samsung BioLogics Co's number of shares in issue last year was 71.179. ==> 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
=2290844.59/4547322.176
=0.50377882

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1802764.561/3694588.767
=0.48794729

Samsung BioLogics Co's gross margin of this year was 0.50377882. Samsung BioLogics Co's gross margin of last year was 0.48794729. ==> 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)
=4547322.176/16046197.209
=0.2833894

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=3694588.767/16582050.258
=0.22280651

Samsung BioLogics Co's asset turnover of this year was 0.2833894. Samsung BioLogics Co's asset turnover of last year was 0.22280651. ==> 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+1+1+1
=8

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

Samsung BioLogics Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Samsung BioLogics Co  (XKRX:207940) 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.


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Samsung BioLogics Co Business Description

Traded in Other Exchanges
N/A
Address
125, Cheomdan-daero, Yeonsu-gu, Incheon, KOR
Founded in 2011, Samsung Biologics is a South Korean contract development and manufacturing organization with a global client base. Europe and the US contribute 90% of its total revenue. It provides end-to-end development and manufacturing services from cell line developments to final commercial manufacturing. As of 2023, Samsung Biologics had a total production capacity of 604,000 liters, one of the largest in the world. Its CDMO services account for 72.4% of its total revenue. The balance comes from subsidiary Samsung Bioepis, acquired in 2022. Samsung Bioepis is involved in developing and manufacturing biosimilars.

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