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Sunflower Sustainable Investments (XTAE:SNFL) Piotroski F-Score : 9 (As of Mar. 31, 2025)


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What is Sunflower Sustainable Investments Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Sunflower Sustainable Investments has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

XTAE:SNFL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 9

During the past 11 years, the highest Piotroski F-Score of Sunflower Sustainable Investments was 9. The lowest was 2. And the median was 5.


Sunflower Sustainable Investments Piotroski F-Score Historical Data

The historical data trend for Sunflower Sustainable Investments'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.

Sunflower Sustainable Investments Piotroski F-Score Chart

Sunflower Sustainable Investments 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 5.00 2.00 3.00 6.00 7.00

Sunflower Sustainable Investments Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 N/A 7.00 8.00 9.00 9.00

Competitive Comparison of Sunflower Sustainable Investments's Piotroski F-Score

For the Utilities - Renewable subindustry, Sunflower Sustainable Investments'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.


Sunflower Sustainable Investments's Piotroski F-Score Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sunflower Sustainable Investments's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sunflower Sustainable Investments'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 6.277 + 12.275 + 4.076 + 5.603 = ₪28.2 Mil.
Cash Flow from Operations was 22.528 + 23.328 + 12.912 + 5.936 = ₪64.7 Mil.
Revenue was 51.413 + 48.071 + 41.082 + 42.3 = ₪182.9 Mil.
Gross Profit was 13.555 + 26.901 + 22.223 + 22.54 = ₪85.2 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(868.39 + 862.496 + 853.911 + 880.929 + 876.618) / 5 = ₪868.4688 Mil.
Total Assets at the begining of this year (Sep23) was ₪868.4 Mil.
Long-Term Debt & Capital Lease Obligation was ₪504.2 Mil.
Total Current Assets was ₪198.7 Mil.
Total Current Liabilities was ₪74.5 Mil.
Net Income was 8.788 + 2.742 + 5.36 + -8.308 = ₪8.6 Mil.

Revenue was 25.589 + 48.804 + 44.039 + 40.07 = ₪158.5 Mil.
Gross Profit was 6.259 + 14.49 + 14.889 + 10.414 = ₪46.1 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(805.681 + 834.22 + 871.11 + 871.069 + 868.39) / 5 = ₪850.094 Mil.
Total Assets at the begining of last year (Sep22) was ₪805.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₪511.6 Mil.
Total Current Assets was ₪135.1 Mil.
Total Current Liabilities was ₪92.0 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.

Sunflower Sustainable Investments's current Net Income (TTM) was 28.2. ==> 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.

Sunflower Sustainable Investments's current Cash Flow from Operations (TTM) was 64.7. ==> 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 (Sep23)
=28.231/868.39
=0.03250959

ROA (Last Year)=Net Income/Total Assets (Sep22)
=8.582/805.681
=0.01065186

Sunflower Sustainable Investments's return on assets of this year was 0.03250959. Sunflower Sustainable Investments's return on assets of last year was 0.01065186. ==> 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.

Sunflower Sustainable Investments's current Net Income (TTM) was 28.2. Sunflower Sustainable Investments's current Cash Flow from Operations (TTM) was 64.7. ==> 64.7 > 28.2 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=504.225/868.4688
=0.58059081

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=511.624/850.094
=0.60184403

Sunflower Sustainable Investments's gearing of this year was 0.58059081. Sunflower Sustainable Investments's gearing of last year was 0.60184403. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=198.691/74.536
=2.66570516

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=135.056/92.038
=1.4673939

Sunflower Sustainable Investments's current ratio of this year was 2.66570516. Sunflower Sustainable Investments's current ratio of last year was 1.4673939. ==> 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.

Sunflower Sustainable Investments's number of shares in issue this year was 37.353. Sunflower Sustainable Investments's number of shares in issue last year was 37.764. ==> 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
=85.219/182.866
=0.46601883

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=46.052/158.502
=0.29054523

Sunflower Sustainable Investments's gross margin of this year was 0.46601883. Sunflower Sustainable Investments's gross margin of last year was 0.29054523. ==> 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 (Sep23)
=182.866/868.39
=0.2105805

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=158.502/805.681
=0.19673047

Sunflower Sustainable Investments's asset turnover of this year was 0.2105805. Sunflower Sustainable Investments's asset turnover of last year was 0.19673047. ==> 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+1+1+1+1+1
=9

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

Sunflower Sustainable Investments has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Sunflower Sustainable Investments  (XTAE:SNFL) 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.


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Sunflower Sustainable Investments Business Description

Traded in Other Exchanges
N/A
Address
4 Ariel Sharon street, Hashahar Tower, 37th floor, Givatayim, ISR, 5320045
Sunflower Sustainable Investments Ltd is engaged in the renewable energy sector. Sunflower invests in renewable energy projects which generate high and steady income and therefore gives investors the opportunity to invest in a renewable energy portfolio. Its portfolios include Suchan, Poland; Salarian, Poland; Miksztal, Poland; Dzialdowo, Poland; and Gorabik, Poland.

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