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Grupo Security (XSGO:SECURITY) Piotroski F-Score : 7 (As of Apr. 11, 2025)


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What is Grupo Security 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

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

XSGO:SECURITY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Grupo Security was 7. The lowest was 2. And the median was 4.


Grupo Security Piotroski F-Score Historical Data

The historical data trend for Grupo Security'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.

Grupo Security Piotroski F-Score Chart

Grupo Security 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 2.00 4.00 4.00 7.00 7.00

Grupo Security Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 7.00 7.00 6.00 6.00 7.00

Competitive Comparison of Grupo Security's Piotroski F-Score

For the Banks - Regional subindustry, Grupo Security'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.


Grupo Security's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Grupo Security's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Grupo Security'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 45291.787 + 40077.479 + 27512.382 + 42713.888 = CLP155,596 Mil.
Cash Flow from Operations was 112365.831 + 1298128.136 + -738252.217 + -151737.52 = CLP520,504 Mil.
Revenue was 426567.708 + 533744.379 + 329500.052 + 388432.466 = CLP1,678,245 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(15727184.81 + 16188865.771 + 15510189.966 + 15274004.431 + 15656620.252) / 5 = CLP15671373.046 Mil.
Total Assets at the begining of this year (Dec23) was CLP15,727,185 Mil.
Long-Term Debt & Capital Lease Obligation was CLP4,662,502 Mil.
Total Assets was CLP15,656,620 Mil.
Total Liabilities was CLP14,532,065 Mil.
Net Income was 42344.294 + 53169.062 + 54952.149 + 46096.068 = CLP196,562 Mil.

Revenue was 362028.407 + 492641.733 + 314200.519 + 345263.491 = CLP1,514,134 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(14766998.639 + 15062111.863 + 15490147.137 + 15644100.792 + 15727184.81) / 5 = CLP15338108.6482 Mil.
Total Assets at the begining of last year (Dec22) was CLP14,766,999 Mil.
Long-Term Debt & Capital Lease Obligation was CLP6,240,438 Mil.
Total Assets was CLP15,727,185 Mil.
Total Liabilities was CLP14,656,431 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.

Grupo Security's current Net Income (TTM) was 155,596. ==> 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.

Grupo Security's current Cash Flow from Operations (TTM) was 520,504. ==> 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 (Dec23)
=155595.536/15727184.81
=0.00989341

ROA (Last Year)=Net Income/Total Assets (Dec22)
=196561.573/14766998.639
=0.01331087

Grupo Security's return on assets of this year was 0.00989341. Grupo Security's return on assets of last year was 0.01331087. ==> 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.

Grupo Security's current Net Income (TTM) was 155,596. Grupo Security's current Cash Flow from Operations (TTM) was 520,504. ==> 520,504 > 155,596 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4662502.342/15671373.046
=0.29751716

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=6240437.533/15338108.6482
=0.40685835

Grupo Security's gearing of this year was 0.29751716. Grupo Security's gearing of last year was 0.40685835. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec24)=Total Assets/Total Liabilities
=15656620.252/14532064.781
=1.07738442

Current Ratio (Last Year: Dec23)=Total Assets/Total Liabilities
=15727184.81/14656430.831
=1.07305694

Grupo Security's current ratio of this year was 1.07738442. Grupo Security's current ratio of last year was 1.07305694. ==> 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.

Grupo Security's number of shares in issue this year was 3995.343. Grupo Security's number of shares in issue last year was 3995.343. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=155595.536/1678244.605
=0.09271326

Net Margin (Last Year: TTM)=Net Income/Revenue
=196561.573/1514134.15
=0.12981781

Grupo Security's net margin of this year was 0.09271326. Grupo Security's net margin of last year was 0.12981781. ==> Last year's net 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 (Dec23)
=1678244.605/15727184.81
=0.10670979

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1514134.15/14766998.639
=0.102535

Grupo Security's asset turnover of this year was 0.10670979. Grupo Security's asset turnover of last year was 0.102535. ==> 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+1+1+0+1
=7

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

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

Grupo Security  (XSGO:SECURITY) 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.


Grupo Security Piotroski F-Score Related Terms

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Grupo Security Business Description

Traded in Other Exchanges
N/A
Address
Apoquindo 3150, Piso 14, Las Condes, Santiago, CHL
Grupo Security SA is a Chile-based diversified financial company. It offers banking, insurance, asset management, and other services to individuals and large and midsize companies. Grupo Security has four main business segments: Banco Security & Factoring Security for lending, Inversiones Security for asset management and stock brokerage, Vida Security for insurance, and Travel Security & Inmobiliaria Security for nonfinancial products and services. Banco Security & Factoring Security is focused on commercial banking but also offers treasury and other services. Inversiones Security provides advisory services to help private, corporate, and institutional customers manage assets. Vida Security provides traditional life insurance and annuities.

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