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Cham Swiss Properties AG (XSWX:CHAM) Piotroski F-Score : 4 (As of Jul. 12, 2025)


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What is Cham Swiss Properties AG 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

Cham Swiss Properties AG has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

XSWX:CHAM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 5
Current: 4

During the past 5 years, the highest Piotroski F-Score of Cham Swiss Properties AG was 5. The lowest was 4. And the median was 4.


Cham Swiss Properties AG Piotroski F-Score Historical Data

The historical data trend for Cham Swiss Properties 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.

Cham Swiss Properties AG Piotroski F-Score Chart

Cham Swiss Properties AG Annual Data
Trend Mar20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 4.00 5.00 4.00

Cham Swiss Properties AG Semi-Annual Data
Mar20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 - 5.00 - 4.00

Competitive Comparison of Cham Swiss Properties AG's Piotroski F-Score

For the Real Estate - Development subindustry, Cham Swiss Properties 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.


Cham Swiss Properties AG's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cham Swiss Properties AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cham Swiss Properties AG'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 CHF-15.08 Mil.
Cash Flow from Operations was CHF4.76 Mil.
Revenue was CHF16.60 Mil.
Gross Profit was CHF13.05 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (855.674 + 875.711) / 2 = CHF865.6925 Mil.
Total Assets at the begining of this year (Dec23) was CHF855.67 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0.00 Mil.
Total Current Assets was CHF35.06 Mil.
Total Current Liabilities was CHF398.60 Mil.
Net Income was CHF-5.49 Mil.

Revenue was CHF15.17 Mil.
Gross Profit was CHF12.44 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (860.282 + 855.674) / 2 = CHF857.978 Mil.
Total Assets at the begining of last year (Dec22) was CHF860.28 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0.00 Mil.
Total Current Assets was CHF53.90 Mil.
Total Current Liabilities was CHF335.16 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.

Cham Swiss Properties AG's current Net Income (TTM) was -15.08. ==> Negative ==> Score 0.

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.

Cham Swiss Properties AG's current Cash Flow from Operations (TTM) was 4.76. ==> 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)
=-15.079/855.674
=-0.01762237

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-5.488/860.282
=-0.0063793

Cham Swiss Properties AG's return on assets of this year was -0.01762237. Cham Swiss Properties AG's return on assets of last year was -0.0063793. ==> 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.

Cham Swiss Properties AG's current Net Income (TTM) was -15.08. Cham Swiss Properties AG's current Cash Flow from Operations (TTM) was 4.76. ==> 4.76 > -15.08 ==> 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
=0/865.6925
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/857.978
=0

Cham Swiss Properties AG's gearing of this year was 0. Cham Swiss Properties AG's gearing of last year was 0. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=35.064/398.598
=0.08796833

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=53.901/335.163
=0.16082026

Cham Swiss Properties AG's current ratio of this year was 0.08796833. Cham Swiss Properties AG's current ratio of last year was 0.16082026. ==> 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.

Cham Swiss Properties AG's number of shares in issue this year was 14.893. Cham Swiss Properties AG's number of shares in issue last year was 9.77. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=13.054/16.598
=0.7864803

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12.442/15.168
=0.82027954

Cham Swiss Properties AG's gross margin of this year was 0.7864803. Cham Swiss Properties AG's gross margin of last year was 0.82027954. ==> 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 (Dec23)
=16.598/855.674
=0.01939757

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=15.168/860.282
=0.01763143

Cham Swiss Properties AG's asset turnover of this year was 0.01939757. Cham Swiss Properties AG's asset turnover of last year was 0.01763143. ==> 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
=0+1+0+1+1+0+0+0+1
=4

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

Cham Swiss Properties AG has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Cham Swiss Properties AG  (XSWX:CHAM) 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.


Cham Swiss Properties AG Piotroski F-Score Related Terms

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Cham Swiss Properties AG Business Description

Traded in Other Exchanges
Address
Thurgauerstrasse 101A, Glattpark, CHE, 8152
Cham Swiss Properties AG Formerly Ina Invest AG is a real estate company and develops sustainable living, working and living spaces with a focus on hybrid properties that ensure long-term flexibility of use and profitability. It property includes Bredella West, Bredella Middle and East, Chemin de l'Echo and etc.

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