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Dermapharm Holding SE (XTER:DMP) Piotroski F-Score : 8 (As of Apr. 02, 2025)


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What is Dermapharm Holding SE 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

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

XTER:DMP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 12 years, the highest Piotroski F-Score of Dermapharm Holding SE was 9. The lowest was 4. And the median was 6.


Dermapharm Holding SE Piotroski F-Score Historical Data

The historical data trend for Dermapharm Holding SE'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.

Dermapharm Holding SE Piotroski F-Score Chart

Dermapharm Holding SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 9.00 4.00 4.00 8.00

Dermapharm Holding SE Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.00 5.00 6.00 8.00

Competitive Comparison of Dermapharm Holding SE's Piotroski F-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Dermapharm Holding SE'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.


Dermapharm Holding SE's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Dermapharm Holding SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dermapharm Holding SE'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 43.619 + 17.268 + 32.392 + 20.508 = €114 Mil.
Cash Flow from Operations was 33.096 + 22.888 + 73.67 + 71.724 = €201 Mil.
Revenue was 298.691 + 279.802 + 311.602 + 290.67 = €1,181 Mil.
Gross Profit was 199.203 + 178.316 + 196.372 + 193.179 = €767 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(2160.673 + 2172.986 + 2207.102 + 2123.052 + 2080.019) / 5 = €2148.7664 Mil.
Total Assets at the begining of this year (Dec23) was €2,161 Mil.
Long-Term Debt & Capital Lease Obligation was €890 Mil.
Total Current Assets was €593 Mil.
Total Current Liabilities was €327 Mil.
Net Income was 49.404 + -9.187 + 24.844 + -2.694 = €62 Mil.

Revenue was 319.118 + 262.969 + 284.466 + 268.798 = €1,135 Mil.
Gross Profit was 212.38 + 156.31 + 175.023 + 175.446 = €719 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1412.836 + 2168.013 + 2113.521 + 2159.323 + 2160.673) / 5 = €2002.8732 Mil.
Total Assets at the begining of last year (Dec22) was €1,413 Mil.
Long-Term Debt & Capital Lease Obligation was €964 Mil.
Total Current Assets was €630 Mil.
Total Current Liabilities was €394 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.

Dermapharm Holding SE's current Net Income (TTM) was 114. ==> 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.

Dermapharm Holding SE's current Cash Flow from Operations (TTM) was 201. ==> 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)
=113.787/2160.673
=0.05266276

ROA (Last Year)=Net Income/Total Assets (Dec22)
=62.367/1412.836
=0.04414313

Dermapharm Holding SE's return on assets of this year was 0.05266276. Dermapharm Holding SE's return on assets of last year was 0.04414313. ==> 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.

Dermapharm Holding SE's current Net Income (TTM) was 114. Dermapharm Holding SE's current Cash Flow from Operations (TTM) was 201. ==> 201 > 114 ==> 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
=889.677/2148.7664
=0.41404082

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=963.958/2002.8732
=0.48128758

Dermapharm Holding SE's gearing of this year was 0.41404082. Dermapharm Holding SE's gearing of last year was 0.48128758. ==> 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
=593.498/326.915
=1.8154505

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=630.496/394.489
=1.59826003

Dermapharm Holding SE's current ratio of this year was 1.8154505. Dermapharm Holding SE's current ratio of last year was 1.59826003. ==> 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.

Dermapharm Holding SE's number of shares in issue this year was 53.605. Dermapharm Holding SE's number of shares in issue last year was 54.049. ==> 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
=767.07/1180.765
=0.64963816

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=719.159/1135.351
=0.63342438

Dermapharm Holding SE's gross margin of this year was 0.64963816. Dermapharm Holding SE's gross margin of last year was 0.63342438. ==> 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 (Dec23)
=1180.765/2160.673
=0.54648019

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1135.351/1412.836
=0.80359716

Dermapharm Holding SE's asset turnover of this year was 0.54648019. Dermapharm Holding SE's asset turnover of last year was 0.80359716. ==> 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+1+1+1+1+1+1+0
=8

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

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

Dermapharm Holding SE  (XTER:DMP) 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.


Dermapharm Holding SE Piotroski F-Score Related Terms

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Dermapharm Holding SE Business Description

Address
Lil-Dagover-Ring 7, Grunwald, BY, DEU, 82031
Dermapharm Holding SE manufactures patent-free branded pharmaceuticals for selected therapy fields, over-the-counter drugs, and natural remedies. The portfolio of the company includes cosmetics, nutritional supplements, and diet and medical devices. Business operating segments include Branded pharmaceuticals and other healthcare products which drive key revenue, Herbal extracts, and Parallel import business. Branded pharmaceuticals and other healthcare products focus on the development, manufacturing, and marketing of branded pharmaceuticals and other healthcare products. Herbal extracts include the manufacturing of phytopharmaceuticals, nutraceuticals, and cosmetics products. Parallel import brands business operates under the AxiCorp brand.
Executives
Wilhelm Beier Supervisory Board
Dr. Hans-georg Feldmeier Board of Directors
Christof Dreibholz Board of Directors
Lothar Lanz Supervisory Board
Anja Schorn Board Member Themis Beteiligungs-AG
Hilde Neumeyer Board of Directors

Dermapharm Holding SE Headlines

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