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Sociedad Punta del Cobre (XSGO:PUCOBRE) Piotroski F-Score : 5 (As of May. 21, 2024)


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What is Sociedad Punta del Cobre 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

Sociedad Punta del Cobre 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 Sociedad Punta del Cobre's Piotroski F-Score or its related term are showing as below:

XSGO:PUCOBRE' 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 Sociedad Punta del Cobre was 9. The lowest was 4. And the median was 6.


Sociedad Punta del Cobre Piotroski F-Score Historical Data

The historical data trend for Sociedad Punta del Cobre'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.

Sociedad Punta del Cobre Piotroski F-Score Chart

Sociedad Punta del Cobre 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 4.00 9.00 9.00 5.00 5.00

Sociedad Punta del Cobre Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 5.00 5.00

Competitive Comparison of Sociedad Punta del Cobre's Piotroski F-Score

For the Copper subindustry, Sociedad Punta del Cobre'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.


Sociedad Punta del Cobre's Piotroski F-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sociedad Punta del Cobre's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sociedad Punta del Cobre'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 782.613 + 4335.602 + 10599.359 + 8707.676 = CLP24,425 Mil.
Cash Flow from Operations was 6378.095 + 20550.807 + 29360.8 + 1614.957 = CLP57,905 Mil.
Revenue was 56088.87 + 62781.438 + 74973.31 + 70505.552 = CLP264,349 Mil.
Gross Profit was 5202.169 + 9732.207 + 22329.188 + 15525.416 = CLP52,789 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(528662.064 + 514339.677 + 579589.535 + 595587.587 + 608553.513) / 5 = CLP565346.4752 Mil.
Total Assets at the begining of this year (Mar23) was CLP528,662 Mil.
Long-Term Debt & Capital Lease Obligation was CLP8,406 Mil.
Total Current Assets was CLP86,981 Mil.
Total Current Liabilities was CLP117,045 Mil.
Net Income was 12145.444 + 15842.4 + 14398.435 + 9746.523 = CLP52,133 Mil.

Revenue was 71596.663 + 80855.165 + 78176.56 + 65247.559 = CLP295,876 Mil.
Gross Profit was 19398.487 + 26312.874 + 26763.732 + 18577.435 = CLP91,053 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(515485.09 + 560783.336 + 608628.293 + 561806.024 + 528662.064) / 5 = CLP555072.9614 Mil.
Total Assets at the begining of last year (Mar22) was CLP515,485 Mil.
Long-Term Debt & Capital Lease Obligation was CLP8,458 Mil.
Total Current Assets was CLP114,079 Mil.
Total Current Liabilities was CLP90,585 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.

Sociedad Punta del Cobre's current Net Income (TTM) was 24,425. ==> 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.

Sociedad Punta del Cobre's current Cash Flow from Operations (TTM) was 57,905. ==> 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 (Mar23)
=24425.25/528662.064
=0.04620201

ROA (Last Year)=Net Income/Total Assets (Mar22)
=52132.802/515485.09
=0.10113348

Sociedad Punta del Cobre's return on assets of this year was 0.04620201. Sociedad Punta del Cobre's return on assets of last year was 0.10113348. ==> 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.

Sociedad Punta del Cobre's current Net Income (TTM) was 24,425. Sociedad Punta del Cobre's current Cash Flow from Operations (TTM) was 57,905. ==> 57,905 > 24,425 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=8405.635/565346.4752
=0.01486811

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=8457.564/555072.9614
=0.01523685

Sociedad Punta del Cobre's gearing of this year was 0.01486811. Sociedad Punta del Cobre's gearing of last year was 0.01523685. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=86980.737/117045.134
=0.74313843

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=114078.84/90584.731
=1.25936059

Sociedad Punta del Cobre's current ratio of this year was 0.74313843. Sociedad Punta del Cobre's current ratio of last year was 1.25936059. ==> 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.

Sociedad Punta del Cobre's number of shares in issue this year was 124.668. Sociedad Punta del Cobre's number of shares in issue last year was 124.668. ==> 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
=52788.98/264349.17
=0.19969414

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=91052.528/295875.947
=0.30773886

Sociedad Punta del Cobre's gross margin of this year was 0.19969414. Sociedad Punta del Cobre's gross margin of last year was 0.30773886. ==> 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 (Mar23)
=264349.17/528662.064
=0.50003431

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=295875.947/515485.09
=0.57397576

Sociedad Punta del Cobre's asset turnover of this year was 0.50003431. Sociedad Punta del Cobre's asset turnover of last year was 0.57397576. ==> 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+1+0+1+0+0
=5

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

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

Sociedad Punta del Cobre  (XSGO:PUCOBRE) 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.


Sociedad Punta del Cobre Piotroski F-Score Related Terms

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Sociedad Punta del Cobre (XSGO:PUCOBRE) Business Description

Traded in Other Exchanges
N/A
Address
Rancagua 200, Copiapo, CHL
Sociedad Punta del Cobre SA a Chilean mining company. It is specialized in the exploitation of medium-sized copper deposits. The company's operations are located mainly in the Atacama Region. The firm is engaged in developing two projects for the exploitation of copper, El Espino, and Tovaku, located in Coquimbo Region and the Antofagasta Region, respectively.

Sociedad Punta del Cobre (XSGO:PUCOBRE) Headlines

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