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Cencosud (XSGO:CENCOSUD) Piotroski F-Score : 8 (As of Jun. 29, 2025)


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What is Cencosud 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

Cencosud 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 Cencosud's Piotroski F-Score or its related term are showing as below:

XSGO:CENCOSUD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Cencosud was 8. The lowest was 3. And the median was 5.


Cencosud Piotroski F-Score Historical Data

The historical data trend for Cencosud'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.

Cencosud Piotroski F-Score Chart

Cencosud 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 4.00 7.00 5.00 5.00 8.00

Cencosud Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.00 8.00 8.00

Competitive Comparison of Cencosud's Piotroski F-Score

For the Department Stores subindustry, Cencosud'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.


Cencosud's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cencosud's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cencosud'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 90794.841 + 74575.615 + 16.185 + 108774.882 = CLP274,162 Mil.
Cash Flow from Operations was 127913.429 + 380321.59 + 747178.733 + 36429.06 = CLP1,291,843 Mil.
Revenue was 3962806.466 + 3770679.492 + 4822.259 + 4031583.147 = CLP11,769,891 Mil.
Gross Profit was 1194583.468 + 1107880.344 + 1484.288 + 1195525.475 = CLP3,499,474 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(14941823.936 + 14256882.951 + 14238699.051 + 15322076.179 + 14815110.781) / 5 = CLP14714918.5796 Mil.
Total Assets at the begining of this year (Mar24) was CLP14,941,824 Mil.
Long-Term Debt & Capital Lease Obligation was CLP4,821,818 Mil.
Total Current Assets was CLP3,487,805 Mil.
Total Current Liabilities was CLP4,051,773 Mil.
Net Income was 48648.689 + 27986.446 + 83.277 + -22620.481 = CLP54,098 Mil.

Revenue was 3604583.627 + 3823845.171 + 3299.029 + 3938069.983 = CLP11,369,798 Mil.
Gross Profit was 1059494.699 + 1142872.962 + 943.287 + 1152554.551 = CLP3,355,865 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(12713900.753 + 12964605.496 + 13969686.51 + 13573122.529 + 14941823.936) / 5 = CLP13632627.8448 Mil.
Total Assets at the begining of last year (Mar23) was CLP12,713,901 Mil.
Long-Term Debt & Capital Lease Obligation was CLP4,832,538 Mil.
Total Current Assets was CLP3,466,413 Mil.
Total Current Liabilities was CLP4,355,953 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.

Cencosud's current Net Income (TTM) was 274,162. ==> 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.

Cencosud's current Cash Flow from Operations (TTM) was 1,291,843. ==> 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 (Mar24)
=274161.523/14941823.936
=0.0183486

ROA (Last Year)=Net Income/Total Assets (Mar23)
=54097.931/12713900.753
=0.00425502

Cencosud's return on assets of this year was 0.0183486. Cencosud's return on assets of last year was 0.00425502. ==> 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.

Cencosud's current Net Income (TTM) was 274,162. Cencosud's current Cash Flow from Operations (TTM) was 1,291,843. ==> 1,291,843 > 274,162 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4821817.865/14714918.5796
=0.32768227

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=4832538.391/13632627.8448
=0.35448326

Cencosud's gearing of this year was 0.32768227. Cencosud's gearing of last year was 0.35448326. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=3487804.883/4051772.696
=0.86080961

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=3466413.414/4355953.39
=0.79578754

Cencosud's current ratio of this year was 0.86080961. Cencosud's current ratio of last year was 0.79578754. ==> 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.

Cencosud's number of shares in issue this year was 2812.838. Cencosud's number of shares in issue last year was 2849.719. ==> 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
=3499473.575/11769891.364
=0.2973242

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3355865.499/11369797.81
=0.29515613

Cencosud's gross margin of this year was 0.2973242. Cencosud's gross margin of last year was 0.29515613. ==> 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 (Mar24)
=11769891.364/14941823.936
=0.7877145

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=11369797.81/12713900.753
=0.89428084

Cencosud's asset turnover of this year was 0.7877145. Cencosud's asset turnover of last year was 0.89428084. ==> 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+1+1+1+1+1+1+0
=8

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

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

Cencosud  (XSGO:CENCOSUD) 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.


Cencosud Piotroski F-Score Related Terms

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Cencosud Business Description

Traded in Other Exchanges
N/A
Address
Avenida Kennedy 9001, Piso 6, Las Condes, Santiago, CHL
Cencosud SA is a multi-brand retailer in South America. Headquartered in Chile, the Company has organized its reportable segments into: Supermarkets, Shopping Centers, Home Improvement stores, Department stores, Financial Services, and Others., the company is involved in commercial real estate development by leasing shopping mall space to third parties. Cencosud also provides private-label credit cards and financial services to retail customers. The company generates the majority of its revenue from the Supermarket segment.

Cencosud Headlines

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