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Bollore SE (XPAR:BOL) Piotroski F-Score : 7 (As of May. 19, 2024)


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What is Bollore SE Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Bollore SE has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XPAR:BOL' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Bollore SE was 7. The lowest was 5. And the median was 6.


Bollore SE Piotroski F-Score Historical Data

The historical data trend for Bollore SE'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.

Bollore SE Piotroski F-Score Chart

Bollore SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 6.00 5.00 7.00

Bollore SE Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 6.00 - 5.00 - 7.00

Competitive Comparison of Bollore SE's Piotroski F-Score

For the Entertainment subindustry, Bollore SE'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.


Bollore SE's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bollore SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bollore SE'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was €269 Mil.
Cash Flow from Operations was €1,415 Mil.
Revenue was €13,679 Mil.
Gross Profit was €4,259 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (57230.3 + 63243.6) / 2 = €60236.95 Mil.
Total Assets at the begining of this year (Dec22) was €57,230 Mil.
Long-Term Debt & Capital Lease Obligation was €3,244 Mil.
Total Current Assets was €18,595 Mil.
Total Current Liabilities was €18,309 Mil.
Net Income was €3,400 Mil.

Revenue was €13,635 Mil.
Gross Profit was €4,200 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (57631.6 + 57230.3) / 2 = €57430.95 Mil.
Total Assets at the begining of last year (Dec21) was €57,632 Mil.
Long-Term Debt & Capital Lease Obligation was €5,248 Mil.
Total Current Assets was €18,054 Mil.
Total Current Liabilities was €12,181 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.

Bollore SE's current Net Income (TTM) was 269. ==> 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.

Bollore SE's current Cash Flow from Operations (TTM) was 1,415. ==> 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 (Dec22)
=268.5/57230.3
=0.00469157

ROA (Last Year)=Net Income/Total Assets (Dec21)
=3399.8/57631.6
=0.05899194

Bollore SE's return on assets of this year was 0.00469157. Bollore SE's return on assets of last year was 0.05899194. ==> 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.

Bollore SE's current Net Income (TTM) was 269. Bollore SE's current Cash Flow from Operations (TTM) was 1,415. ==> 1,415 > 269 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=3244.2/60236.95
=0.05385731

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=5248/57430.95
=0.0913793

Bollore SE's gearing of this year was 0.05385731. Bollore SE's gearing of last year was 0.0913793. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=18594.7/18309.1
=1.0155988

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=18054.1/12180.9
=1.4821647

Bollore SE's current ratio of this year was 1.0155988. Bollore SE's current ratio of last year was 1.4821647. ==> 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.

Bollore SE's number of shares in issue this year was 2882.397. Bollore SE's number of shares in issue last year was 2937.022. ==> 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
=4259.4/13679.4
=0.31137331

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4200.3/13635.2
=0.30804829

Bollore SE's gross margin of this year was 0.31137331. Bollore SE's gross margin of last year was 0.30804829. ==> 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 (Dec22)
=13679.4/57230.3
=0.23902373

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=13635.2/57631.6
=0.23659242

Bollore SE's asset turnover of this year was 0.23902373. Bollore SE's asset turnover of last year was 0.23659242. ==> 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+0+1+1+0+1+1+1
=7

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

Bollore SE has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Bollore SE  (XPAR:BOL) 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.


Bollore SE Piotroski F-Score Related Terms

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Bollore SE (XPAR:BOL) Business Description

Traded in Other Exchanges
Address
31-32, quai de Dion-Bouton, Puteaux Cedex, Paris, FRA, 92811
Bollore SE is an infrastructure company domiciled in France. The company organizes itself into four segments: transportation and logistics, oil logistics, communication, and Electricity storage and systems. The transportation and logistics segment offers freight forwarding and logistics services. The oil logistics segment distributes oil and fuel. The communication segment provides advertising, cinema, and telecommunications services. The electricity storage and systems segment is engaged in the production and sale of electric batteries and their applications. The firm generates most of the revenue from the communications segment.

Bollore SE (XPAR:BOL) Headlines

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