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Logista Integral (XMAD:LOG) Piotroski F-Score : 3 (As of Mar. 15, 2025)


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What is Logista Integral Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 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

Logista Integral has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

XMAD:LOG' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of Logista Integral was 9. The lowest was 2. And the median was 7.


Logista Integral Piotroski F-Score Historical Data

The historical data trend for Logista Integral'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.

Logista Integral Piotroski F-Score Chart

Logista Integral Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 5.00 6.00 4.00 3.00

Logista Integral 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 7.00 5.00 4.00 3.00

Competitive Comparison of Logista Integral's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Logista Integral'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.


Logista Integral's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Logista Integral's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Logista Integral'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 72.6 + 86.914 + 77.286 + 71.435 = €308 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = €0 Mil.
Revenue was 3166.2 + 3040.275 + 3273.825 + 3505.234 = €12,986 Mil.
Gross Profit was 425.9 + 441.286 + 451.114 + 438.45 = €1,757 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(8061.863 + 7526 + 7372.337 + 8031 + 8080.856) / 5 = €7814.4112 Mil.
Total Assets at the begining of this year (Sep23) was €8,062 Mil.
Long-Term Debt & Capital Lease Obligation was €214 Mil.
Total Current Assets was €6,290 Mil.
Total Current Liabilities was €6,990 Mil.
Net Income was 59.6 + 66.244 + 67.556 + 78.854 = €272 Mil.

Revenue was 2986 + 2949.363 + 3214.437 + 3277.736 = €12,428 Mil.
Gross Profit was 397.8 + 435.987 + 426.513 + 423.827 = €1,684 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(7693.982 + 7218.3 + 7612.309 + 8319.8 + 8061.863) / 5 = €7781.2508 Mil.
Total Assets at the begining of last year (Sep22) was €7,694 Mil.
Long-Term Debt & Capital Lease Obligation was €189 Mil.
Total Current Assets was €6,242 Mil.
Total Current Liabilities was €6,984 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.

Logista Integral's current Net Income (TTM) was 308. ==> 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.

Logista Integral's current Cash Flow from Operations (TTM) was 0. ==> 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)
=308.235/8061.863
=0.03823372

ROA (Last Year)=Net Income/Total Assets (Sep22)
=272.254/7693.982
=0.03538532

Logista Integral's return on assets of this year was 0.03823372. Logista Integral's return on assets of last year was 0.03538532. ==> 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.

Logista Integral's current Net Income (TTM) was 308. Logista Integral's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 308 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=214.4/7814.4112
=0.02743649

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=189.242/7781.2508
=0.02432025

Logista Integral's gearing of this year was 0.02743649. Logista Integral's gearing of last year was 0.02432025. ==> 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
=6290.419/6989.892
=0.89993079

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=6242.414/6984.07
=0.89380748

Logista Integral's current ratio of this year was 0.89993079. Logista Integral's current ratio of last year was 0.89380748. ==> 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.

Logista Integral's number of shares in issue this year was 133.085. Logista Integral's number of shares in issue last year was 132.67. ==> 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
=1756.75/12985.534
=0.13528516

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1684.127/12427.536
=0.13551576

Logista Integral's gross margin of this year was 0.13528516. Logista Integral's gross margin of last year was 0.13551576. ==> 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)
=12985.534/8061.863
=1.61073613

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=12427.536/7693.982
=1.61522811

Logista Integral's asset turnover of this year was 1.61073613. Logista Integral's asset turnover of last year was 1.61522811. ==> 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+0+1+0+0+1+0+0+0
=3

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

Logista Integral has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Logista Integral  (XMAD:LOG) 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.


Logista Integral Piotroski F-Score Related Terms

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Logista Integral Business Description

Traded in Other Exchanges
Address
Poligono Industrial Polvoranca, Calle Trigo, No. 39, Leganes, Madrid, ESP, 28914
Logista Integral SA is a distributor and logistics operator. The company provides distribution channels for products and services including top-ups, tobacco products, pharmaceuticals, books, publications and lotteries, among others, to some 200,000 points of sale in Spain, France, Italy and Portugal. It also distributes to wholesalers in Poland and express deliveries to from Benelux. It facilitates the fastest route to market for products and services, distributing them from manufacturers to end consumer through a capillary network of points of sale.

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