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National Hydro Power Co (XNEP:NHPC) Piotroski F-Score : 6 (As of May. 29, 2024)


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What is National Hydro Power Co 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

National Hydro Power Co 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 National Hydro Power Co's Piotroski F-Score or its related term are showing as below:

XNEP:NHPC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 6

During the past 7 years, the highest Piotroski F-Score of National Hydro Power Co was 9. The lowest was 3. And the median was 7.


National Hydro Power Co Piotroski F-Score Historical Data

The historical data trend for National Hydro Power Co'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.

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National Hydro Power Co Piotroski F-Score Chart

National Hydro Power Co Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Piotroski F-Score
Get a 7-Day Free Trial 3.00 8.00 9.00 6.00 6.00

National Hydro Power Co Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Oct22 Jan23 Apr23 Oct23
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 - - - - -

Competitive Comparison of National Hydro Power Co's Piotroski F-Score

For the Utilities - Renewable subindustry, National Hydro Power Co'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.


National Hydro Power Co's Piotroski F-Score Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, National Hydro Power Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where National Hydro Power Co'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 (Jul21) TTM:Last Year (Jul20) TTM:
Net Income was NPR625.3 Mil.
Cash Flow from Operations was NPR95.2 Mil.
Revenue was NPR159.5 Mil.
Gross Profit was NPR87.8 Mil.
Average Total Assets from the begining of this year (Jul20)
to the end of this year (Jul21) was (1188.942 + 1798.99) / 2 = NPR1493.966 Mil.
Total Assets at the begining of this year (Jul20) was NPR1,188.9 Mil.
Long-Term Debt & Capital Lease Obligation was NPR86.6 Mil.
Total Current Assets was NPR417.9 Mil.
Total Current Liabilities was NPR53.5 Mil.
Net Income was NPR52.4 Mil.

Revenue was NPR213.8 Mil.
Gross Profit was NPR148.6 Mil.
Average Total Assets from the begining of last year (Jul19)
to the end of last year (Jul20) was (1139.61 + 1188.942) / 2 = NPR1164.276 Mil.
Total Assets at the begining of last year (Jul19) was NPR1,139.6 Mil.
Long-Term Debt & Capital Lease Obligation was NPR80.6 Mil.
Total Current Assets was NPR169.6 Mil.
Total Current Liabilities was NPR74.7 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.

National Hydro Power Co's current Net Income (TTM) was 625.3. ==> 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.

National Hydro Power Co's current Cash Flow from Operations (TTM) was 95.2. ==> 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 (Jul20)
=625.263/1188.942
=0.52589866

ROA (Last Year)=Net Income/Total Assets (Jul19)
=52.406/1139.61
=0.04598591

National Hydro Power Co's return on assets of this year was 0.52589866. National Hydro Power Co's return on assets of last year was 0.04598591. ==> 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.

National Hydro Power Co's current Net Income (TTM) was 625.3. National Hydro Power Co's current Cash Flow from Operations (TTM) was 95.2. ==> 95.2 <= 625.3 ==> 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: Jul21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul20 to Jul21
=86.563/1493.966
=0.05794175

Gearing (Last Year: Jul20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul19 to Jul20
=80.617/1164.276
=0.06924217

National Hydro Power Co's gearing of this year was 0.05794175. National Hydro Power Co's gearing of last year was 0.06924217. ==> 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: Jul21)=Total Current Assets/Total Current Liabilities
=417.878/53.496
=7.81138777

Current Ratio (Last Year: Jul20)=Total Current Assets/Total Current Liabilities
=169.6/74.657
=2.27172268

National Hydro Power Co's current ratio of this year was 7.81138777. National Hydro Power Co's current ratio of last year was 2.27172268. ==> 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.

National Hydro Power Co's number of shares in issue this year was 19.491. National Hydro Power Co's number of shares in issue last year was 19.491. ==> 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
=87.806/159.533
=0.55039396

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=148.581/213.835
=0.69483948

National Hydro Power Co's gross margin of this year was 0.55039396. National Hydro Power Co's gross margin of last year was 0.69483948. ==> 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 (Jul20)
=159.533/1188.942
=0.13418064

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul19)
=213.835/1139.61
=0.18763875

National Hydro Power Co's asset turnover of this year was 0.13418064. National Hydro Power Co's asset turnover of last year was 0.18763875. ==> 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+0+1+1+1+0+0
=6

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

National Hydro Power Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

National Hydro Power Co  (XNEP:NHPC) 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.


National Hydro Power Co Piotroski F-Score Related Terms

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National Hydro Power Co (XNEP:NHPC) Business Description

Traded in Other Exchanges
N/A
Address
BinayakNagar-10, Baneshwor, Kathmandu, NPL
National Hydro Power Co Ltd is engaged in the development of hydropower projects. The company's projects include Indrawati-III Hydropower Project, Lower Indrawati Hydropower Project and Lower Erkhuwa Hydropower Project.

National Hydro Power Co (XNEP:NHPC) Headlines

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