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Esval (XSGO:ESVAL-C) Piotroski F-Score : 5 (As of Jul. 13, 2025)


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What is Esval 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

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

XSGO:ESVAL-C' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Esval was 9. The lowest was 4. And the median was 6.


Esval Piotroski F-Score Historical Data

The historical data trend for Esval'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.

Esval Piotroski F-Score Chart

Esval 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 5.00 8.00 7.00 7.00 6.00

Esval 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 6.00 6.00 5.00 6.00 5.00

Competitive Comparison of Esval's Piotroski F-Score

For the Utilities - Regulated Water subindustry, Esval'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.


Esval's Piotroski F-Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Esval's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Esval'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 2405.485 + 3813.893 + 9883.366 + 10114.09 = CLP26,217 Mil.
Cash Flow from Operations was 36024.388 + 31416.666 + 32810.062 + 44205.247 = CLP144,456 Mil.
Revenue was 66985.137 + 65986.595 + 74903.291 + 84397.273 = CLP292,272 Mil.
Gross Profit was 52347.371 + 50165.197 + 57405.954 + 66378.336 = CLP226,297 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(1322506.333 + 1348343.057 + 1357238.684 + 1390900.44 + 1385861.032) / 5 = CLP1360969.9092 Mil.
Total Assets at the begining of this year (Mar24) was CLP1,322,506 Mil.
Long-Term Debt & Capital Lease Obligation was CLP716,642 Mil.
Total Current Assets was CLP129,516 Mil.
Total Current Liabilities was CLP124,486 Mil.
Net Income was 2730.023 + 6493.452 + 5639.92 + 14507.041 = CLP29,370 Mil.

Revenue was 65782.643 + 63636.676 + 72636.997 + 81517.298 = CLP283,574 Mil.
Gross Profit was 52233.053 + 49819.828 + 58566.602 + 66212.97 = CLP226,832 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(1256834.673 + 1238969.74 + 1251529.177 + 1316111.941 + 1322506.333) / 5 = CLP1277190.3728 Mil.
Total Assets at the begining of last year (Mar23) was CLP1,256,835 Mil.
Long-Term Debt & Capital Lease Obligation was CLP561,872 Mil.
Total Current Assets was CLP132,107 Mil.
Total Current Liabilities was CLP219,800 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.

Esval's current Net Income (TTM) was 26,217. ==> 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.

Esval's current Cash Flow from Operations (TTM) was 144,456. ==> 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)
=26216.834/1322506.333
=0.0198236

ROA (Last Year)=Net Income/Total Assets (Mar23)
=29370.436/1256834.673
=0.02336858

Esval's return on assets of this year was 0.0198236. Esval's return on assets of last year was 0.02336858. ==> 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.

Esval's current Net Income (TTM) was 26,217. Esval's current Cash Flow from Operations (TTM) was 144,456. ==> 144,456 > 26,217 ==> 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
=716641.58/1360969.9092
=0.52656681

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=561871.992/1277190.3728
=0.43992815

Esval's gearing of this year was 0.52656681. Esval's gearing of last year was 0.43992815. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=129515.907/124486.43
=1.04040181

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=132107.473/219799.828
=0.60103538

Esval's current ratio of this year was 1.04040181. Esval's current ratio of last year was 0.60103538. ==> 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.

Esval's number of shares in issue this year was 14962276.336. Esval's number of shares in issue last year was 14962276.336. ==> 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
=226296.858/292272.296
=0.77426722

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=226832.453/283573.614
=0.79990677

Esval's gross margin of this year was 0.77426722. Esval's gross margin of last year was 0.79990677. ==> 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 (Mar24)
=292272.296/1322506.333
=0.22099879

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=283573.614/1256834.673
=0.22562523

Esval's asset turnover of this year was 0.22099879. Esval's asset turnover of last year was 0.22562523. ==> 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

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

Esval  (XSGO:ESVAL-C) 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.


Esval Piotroski F-Score Related Terms

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Esval Business Description

Traded in Other Exchanges
N/A
Address
Cochrane No. 751, Valparaiso, CHL, 2361810
Esval SA is a Chile-based company engaged in producing and distributing drinking water. It also collects, treats, and disposes of wastewater, and provides other related services. The other services offered by the company include shutoff and replacement, fixed charges for taps, postal delivery, sales of drinking water in cisterns, treatment of excess sewage, etc. It manages operations through two operating segments, the Coquimbo Region segment and the Valparaso Region segment. The company derives its maximum revenue from the sale of drinking water.

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