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Teleperformance SE (XPAR:TEP) Piotroski F-Score : 5 (As of Apr. 25, 2024)


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What is Teleperformance SE 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

Teleperformance SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

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

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


Teleperformance SE Piotroski F-Score Historical Data

The historical data trend for Teleperformance 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.

Teleperformance SE Piotroski F-Score Chart

Teleperformance 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 6.00 5.00 6.00 5.00 5.00

Teleperformance 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 - 5.00

Competitive Comparison of Teleperformance SE's Piotroski F-Score

For the Specialty Business Services subindustry, Teleperformance 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.


Teleperformance SE's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Teleperformance SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Teleperformance 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 €602 Mil.
Cash Flow from Operations was €1,375 Mil.
Revenue was €8,345 Mil.
Gross Profit was €2,599 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (8895 + 11754) / 2 = €10324.5 Mil.
Total Assets at the begining of this year (Dec22) was €8,895 Mil.
Long-Term Debt & Capital Lease Obligation was €4,402 Mil.
Total Current Assets was €3,603 Mil.
Total Current Liabilities was €2,708 Mil.
Net Income was €643 Mil.

Revenue was €8,154 Mil.
Gross Profit was €2,669 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (8346 + 8895) / 2 = €8620.5 Mil.
Total Assets at the begining of last year (Dec21) was €8,346 Mil.
Long-Term Debt & Capital Lease Obligation was €2,530 Mil.
Total Current Assets was €2,910 Mil.
Total Current Liabilities was €2,288 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.

Teleperformance SE's current Net Income (TTM) was 602. ==> 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.

Teleperformance SE's current Cash Flow from Operations (TTM) was 1,375. ==> 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)
=602/8895
=0.06767847

ROA (Last Year)=Net Income/Total Assets (Dec21)
=643/8346
=0.07704289

Teleperformance SE's return on assets of this year was 0.06767847. Teleperformance SE's return on assets of last year was 0.07704289. ==> 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.

Teleperformance SE's current Net Income (TTM) was 602. Teleperformance SE's current Cash Flow from Operations (TTM) was 1,375. ==> 1,375 > 602 ==> 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
=4402/10324.5
=0.42636447

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2530/8620.5
=0.29348646

Teleperformance SE's gearing of this year was 0.42636447. Teleperformance SE's gearing of last year was 0.29348646. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=3603/2708
=1.33050222

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2910/2288
=1.27185315

Teleperformance SE's current ratio of this year was 1.33050222. Teleperformance SE's current ratio of last year was 1.27185315. ==> 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.

Teleperformance SE's number of shares in issue this year was 59.097. Teleperformance SE's number of shares in issue last year was 59.708. ==> 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
=2599/8345
=0.31144398

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2669/8154
=0.32732401

Teleperformance SE's gross margin of this year was 0.31144398. Teleperformance SE's gross margin of last year was 0.32732401. ==> 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 (Dec22)
=8345/8895
=0.93816751

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=8154/8346
=0.97699497

Teleperformance SE's asset turnover of this year was 0.93816751. Teleperformance SE's asset turnover of last year was 0.97699497. ==> 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+1+0+1+0+1+1+0+0
=5

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

Teleperformance SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Teleperformance SE  (XPAR:TEP) 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.


Teleperformance SE Piotroski F-Score Related Terms

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Teleperformance SE (XPAR:TEP) Business Description

Address
21-25, Rue Balzac, Paris, FRA, 75008
Teleperformance SE provides outsourced customer experience management services, such as customer care solutions, technical support, customer acquisition services, digital solutions, analytics, visa application management, debt collection services, interpreting and translation services, and back-office services. The clients of Teleperformance's services range over various industries, from telecoms and technology firms to the public and retail sectors. The company is organized into two operating segments: Core Services & D.I.B.S (Digital Integrated Business Services) and Specialized Services. A vast majority of the company's revenue is generated by the Core Services & D.I.B.S segment.

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