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Villars Holding (XSWX:VILN) Piotroski F-Score : 6 (As of Dec. 14, 2024)


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What is Villars Holding 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

Villars Holding 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 Villars Holding's Piotroski F-Score or its related term are showing as below:

XSWX:VILN' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Villars Holding was 9. The lowest was 5. And the median was 7.


Villars Holding Piotroski F-Score Historical Data

The historical data trend for Villars Holding'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.

Villars Holding Piotroski F-Score Chart

Villars Holding 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 9.00 6.00 6.00 7.00 6.00

Villars Holding Semi-Annual 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 - 7.00 - 6.00 -

Competitive Comparison of Villars Holding's Piotroski F-Score

For the Grocery Stores subindustry, Villars Holding'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.


Villars Holding's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Villars Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Villars Holding'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 CHF1.41 Mil.
Cash Flow from Operations was CHF1.04 Mil.
Revenue was CHF72.87 Mil.
Gross Profit was CHF29.23 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (141.071 + 139.165) / 2 = CHF140.118 Mil.
Total Assets at the begining of this year (Dec22) was CHF141.07 Mil.
Long-Term Debt & Capital Lease Obligation was CHF27.06 Mil.
Total Current Assets was CHF22.97 Mil.
Total Current Liabilities was CHF15.96 Mil.
Net Income was CHF1.51 Mil.

Revenue was CHF77.05 Mil.
Gross Profit was CHF28.03 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (127.786 + 141.071) / 2 = CHF134.4285 Mil.
Total Assets at the begining of last year (Dec21) was CHF127.79 Mil.
Long-Term Debt & Capital Lease Obligation was CHF27.58 Mil.
Total Current Assets was CHF24.77 Mil.
Total Current Liabilities was CHF18.71 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.

Villars Holding's current Net Income (TTM) was 1.41. ==> 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.

Villars Holding's current Cash Flow from Operations (TTM) was 1.04. ==> 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)
=1.413/141.071
=0.01001623

ROA (Last Year)=Net Income/Total Assets (Dec21)
=1.512/127.786
=0.01183228

Villars Holding's return on assets of this year was 0.01001623. Villars Holding's return on assets of last year was 0.01183228. ==> 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.

Villars Holding's current Net Income (TTM) was 1.41. Villars Holding's current Cash Flow from Operations (TTM) was 1.04. ==> 1.04 <= 1.41 ==> CFROA <= ROA ==> Score 0.

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
=27.056/140.118
=0.19309439

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=27.58/134.4285
=0.20516483

Villars Holding's gearing of this year was 0.19309439. Villars Holding's gearing of last year was 0.20516483. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=22.968/15.957
=1.4393683

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=24.767/18.711
=1.32365988

Villars Holding's current ratio of this year was 1.4393683. Villars Holding's current ratio of last year was 1.32365988. ==> 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.

Villars Holding's number of shares in issue this year was 0.104. Villars Holding's number of shares in issue last year was 0.104. ==> 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
=29.234/72.872
=0.40116917

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=28.032/77.046
=0.36383459

Villars Holding's gross margin of this year was 0.40116917. Villars Holding's gross margin of last year was 0.36383459. ==> 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)
=72.872/141.071
=0.51656258

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=77.046/127.786
=0.6029299

Villars Holding's asset turnover of this year was 0.51656258. Villars Holding's asset turnover of last year was 0.6029299. ==> 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+0+1+1+1+1+0
=6

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

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

Villars Holding  (XSWX:VILN) 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.


Villars Holding Piotroski F-Score Related Terms

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Villars Holding Business Description

Traded in Other Exchanges
N/A
Address
21, Route des Daillettes, Case Postale 1600, Fribourg, CHE, 1701
Villars Holding SA is a Swiss-based company, engaged in retail trade and food industry, and real estate. The company operates in three segments Retail business, Real estate and coffee bars. Through its subsidiaries it provides catering services which offers coffee and tea specialties, fresh fruit juice, alcoholic and non-alcoholic drinks, pancakes. Real estate activities involves acquiring land or buildings. Majority of the revenue derives from Retail business segment.

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