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Geberit AG (XSWX:GEBNE) Piotroski F-Score : 7 (As of Dec. 15, 2024)


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What is Geberit AG 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

Geberit AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

XSWX:GEBNE' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Geberit AG was 8. The lowest was 4. And the median was 7.


Geberit AG Piotroski F-Score Historical Data

The historical data trend for Geberit AG'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.

Geberit AG Piotroski F-Score Chart

Geberit AG 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 8.00 6.00 7.00 4.00 7.00

Geberit AG Quarterly Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 7.00 -

Competitive Comparison of Geberit AG's Piotroski F-Score

For the Building Products & Equipment subindustry, Geberit AG'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.


Geberit AG's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Geberit AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Geberit AG'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 (Jun24) TTM:Last Year (Jun22) TTM:
Net Income was 304.2 + 368.5 + 248.5 + 350.2 = CHF1,271 Mil.
Cash Flow from Operations was 482.2 + 279.2 + 578.7 + 304.6 = CHF1,645 Mil.
Revenue was 1457.8 + 1661.8 + 1422.1 + 1637.9 = CHF6,180 Mil.
Gross Profit was 1011.9 + 1187.7 + 1009.5 + 1198.5 = CHF4,408 Mil.
Average Total Assets from the begining of this year (Jun22)
to the end of this year (Jun24) was
(3537.9 + 3429.2 + 3494.7 + 3556.2 + 3572.6) / 5 = CHF3518.12 Mil.
Total Assets at the begining of this year (Jun22) was CHF3,538 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,379 Mil.
Total Current Assets was CHF977 Mil.
Total Current Liabilities was CHF662 Mil.
Net Income was 327.8 + 459.6 + 296.1 + 402.1 = CHF1,486 Mil.

Revenue was 1518 + 1833.3 + 1627.2 + 1934.1 = CHF6,913 Mil.
Gross Profit was 1110.4 + 1328 + 1135.7 + 1305.5 = CHF4,880 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun22) was
(3724.4 + 3751 + 3773.3 + 3772.2 + 3537.9) / 5 = CHF3711.76 Mil.
Total Assets at the begining of last year (Jun20) was CHF3,724 Mil.
Long-Term Debt & Capital Lease Obligation was CHF790 Mil.
Total Current Assets was CHF1,064 Mil.
Total Current Liabilities was CHF890 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.

Geberit AG's current Net Income (TTM) was 1,271. ==> 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.

Geberit AG's current Cash Flow from Operations (TTM) was 1,645. ==> 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 (Jun22)
=1271.4/3537.9
=0.35936573

ROA (Last Year)=Net Income/Total Assets (Jun20)
=1485.6/3724.4
=0.39888304

Geberit AG's return on assets of this year was 0.35936573. Geberit AG's return on assets of last year was 0.39888304. ==> 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.

Geberit AG's current Net Income (TTM) was 1,271. Geberit AG's current Cash Flow from Operations (TTM) was 1,645. ==> 1,645 > 1,271 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun24
=1378.5/3518.12
=0.39182859

Gearing (Last Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun22
=790.1/3711.76
=0.21286398

Geberit AG's gearing of this year was 0.39182859. Geberit AG's gearing of last year was 0.21286398. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=977.2/662.1
=1.47590998

Current Ratio (Last Year: Jun22)=Total Current Assets/Total Current Liabilities
=1064.4/889.6
=1.19649281

Geberit AG's current ratio of this year was 1.47590998. Geberit AG's current ratio of last year was 1.19649281. ==> 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.

Geberit AG's number of shares in issue this year was 33.239. Geberit AG's number of shares in issue last year was 34.902. ==> 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
=4407.6/6179.6
=0.71325005

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4879.6/6912.6
=0.70589937

Geberit AG's gross margin of this year was 0.71325005. Geberit AG's gross margin of last year was 0.70589937. ==> 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 (Jun22)
=6179.6/3537.9
=1.74668589

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=6912.6/3724.4
=1.8560305

Geberit AG's asset turnover of this year was 1.74668589. Geberit AG's asset turnover of last year was 1.8560305. ==> 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+1+0
=6

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

Geberit AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Geberit AG  (XSWX:GEBNE) 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.


Geberit AG Piotroski F-Score Related Terms

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Geberit AG Business Description

Address
Schachenstrasse 77, Rapperswil-Jona, CHE, CH-8645
Geberit is a leading manufacturer of sanitary products, which include flushing systems, piping systems and bathroom ceramics. Products are primarily sold through the wholesale channel. Geberit has an extensive history in sanitary products, having filed a patent for its first flushing mechanism in 1912. The company generates sales in 50 countries and operates 26 production plants, the majority of which are in Europe. Geberit shares are listed on the SIX Swiss Exchange. The majority of sales are generated from residential and renovation activities.

Geberit AG Headlines

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