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Jungfraubahn Holding AG (XSWX:JFN) Piotroski F-Score : 8 (As of Apr. 25, 2024)


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What is Jungfraubahn Holding AG Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

Jungfraubahn Holding AG has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

XSWX:JFN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Jungfraubahn Holding AG was 8. The lowest was 3. And the median was 7.


Jungfraubahn Holding AG Piotroski F-Score Historical Data

The historical data trend for Jungfraubahn Holding 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.

Jungfraubahn Holding AG Piotroski F-Score Chart

Jungfraubahn Holding 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 6.00 3.00 5.00 8.00 8.00

Jungfraubahn Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.00 - 8.00 - 8.00

Competitive Comparison of Jungfraubahn Holding AG's Piotroski F-Score

For the Railroads subindustry, Jungfraubahn Holding 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.


Jungfraubahn Holding AG's Piotroski F-Score Distribution in the Transportation Industry

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

* The bar in red indicates where Jungfraubahn Holding 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was CHF79.1 Mil.
Cash Flow from Operations was CHF96.3 Mil.
Revenue was CHF245.4 Mil.
Gross Profit was CHF107.4 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (843.006 + 891.884) / 2 = CHF867.445 Mil.
Total Assets at the begining of this year (Dec22) was CHF843.0 Mil.
Long-Term Debt & Capital Lease Obligation was CHF116.5 Mil.
Total Current Assets was CHF109.7 Mil.
Total Current Liabilities was CHF80.4 Mil.
Net Income was CHF43.6 Mil.

Revenue was CHF178.4 Mil.
Gross Profit was CHF52.6 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (818.81 + 843.006) / 2 = CHF830.908 Mil.
Total Assets at the begining of last year (Dec21) was CHF818.8 Mil.
Long-Term Debt & Capital Lease Obligation was CHF95.7 Mil.
Total Current Assets was CHF79.9 Mil.
Total Current Liabilities was CHF72.0 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.

Jungfraubahn Holding AG's current Net Income (TTM) was 79.1. ==> 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.

Jungfraubahn Holding AG's current Cash Flow from Operations (TTM) was 96.3. ==> 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 (Dec22)
=79.146/843.006
=0.09388545

ROA (Last Year)=Net Income/Total Assets (Dec21)
=43.574/818.81
=0.05321625

Jungfraubahn Holding AG's return on assets of this year was 0.09388545. Jungfraubahn Holding AG's return on assets of last year was 0.05321625. ==> This year is higher. ==> Score 1.

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.

Jungfraubahn Holding AG's current Net Income (TTM) was 79.1. Jungfraubahn Holding AG's current Cash Flow from Operations (TTM) was 96.3. ==> 96.3 > 79.1 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=116.461/867.445
=0.1342575

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=95.67/830.908
=0.1151391

Jungfraubahn Holding AG's gearing of this year was 0.1342575. Jungfraubahn Holding AG's gearing of last year was 0.1151391. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=109.676/80.441
=1.36343407

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=79.853/72.037
=1.1084998

Jungfraubahn Holding AG's current ratio of this year was 1.36343407. Jungfraubahn Holding AG's current ratio of last year was 1.1084998. ==> 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.

Jungfraubahn Holding AG's number of shares in issue this year was 5.817. Jungfraubahn Holding AG's number of shares in issue last year was 5.819. ==> 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
=107.401/245.44
=0.43758556

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=52.554/178.384
=0.29461162

Jungfraubahn Holding AG's gross margin of this year was 0.43758556. Jungfraubahn Holding AG's gross margin of last year was 0.29461162. ==> 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 (Dec22)
=245.44/843.006
=0.29114858

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=178.384/818.81
=0.21785762

Jungfraubahn Holding AG's asset turnover of this year was 0.29114858. Jungfraubahn Holding AG's asset turnover of last year was 0.21785762. ==> 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+1+1+0+1+1+1+1
=8

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

Jungfraubahn Holding AG has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Jungfraubahn Holding AG  (XSWX:JFN) 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.


Jungfraubahn Holding AG Piotroski F-Score Related Terms

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Jungfraubahn Holding AG (XSWX:JFN) Business Description

Traded in Other Exchanges
Address
Harderstrasse 14, Interlaken, CHE, CH-3800
Jungfraubahn Holding AG is a tourism company and the mountain railway company in Switzerland. It engaged in the operation of excursion railways and winter sports facilities. It also operates a railway service from Interlaken to Lauterbrunnen and Grindelwald. The company's segment includes Jungfraujoch - Top of Europe; Experience mountains; Winter sports and others. It generates maximum revenue from the Jungfraujoch - Top of Europe segment.

Jungfraubahn Holding AG (XSWX:JFN) Headlines

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