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Cairo Poultry (CAI:POUL) Piotroski F-Score : 6 (As of May. 31, 2024)


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What is Cairo Poultry 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

Cairo Poultry 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 Cairo Poultry's Piotroski F-Score or its related term are showing as below:

CAI:POUL' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Cairo Poultry was 8. The lowest was 5. And the median was 7.


Cairo Poultry Piotroski F-Score Historical Data

The historical data trend for Cairo Poultry'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.

Cairo Poultry Piotroski F-Score Chart

Cairo Poultry 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 5.00 8.00 8.00 6.00

Cairo Poultry Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 8.00 7.00 8.00 8.00 6.00

Competitive Comparison of Cairo Poultry's Piotroski F-Score

For the Farm Products subindustry, Cairo Poultry'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.


Cairo Poultry's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cairo Poultry's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cairo Poultry'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 547.362 + 207.388 + 362.427 + -821.286 = E£296 Mil.
Cash Flow from Operations was 55.505 + 267.335 + 457.049 + 625.431 = E£1,405 Mil.
Revenue was 2787.003 + 2785.862 + 2969.886 + -2070.322 = E£6,472 Mil.
Gross Profit was 888.579 + 439.482 + 854.495 + -1355.861 = E£827 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(3756.248 + 4810.759 + 4819.596 + 5145.724 + 5239.799) / 5 = E£4754.4252 Mil.
Total Assets at the begining of this year (Dec22) was E£3,756 Mil.
Long-Term Debt & Capital Lease Obligation was E£0 Mil.
Total Current Assets was E£3,834 Mil.
Total Current Liabilities was E£2,315 Mil.
Net Income was 52.542 + 183.324 + -16.376 + 927.851 = E£1,147 Mil.

Revenue was 1460.639 + 1623.325 + 1634.161 + 7064.793 = E£11,783 Mil.
Gross Profit was 175.737 + 289.016 + 130.126 + 2204.389 = E£2,799 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(2665.079 + 3118.521 + 3320.14 + 3178.503 + 3756.248) / 5 = E£3207.6982 Mil.
Total Assets at the begining of last year (Dec21) was E£2,665 Mil.
Long-Term Debt & Capital Lease Obligation was E£15 Mil.
Total Current Assets was E£2,543 Mil.
Total Current Liabilities was E£2,019 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.

Cairo Poultry's current Net Income (TTM) was 296. ==> 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.

Cairo Poultry's current Cash Flow from Operations (TTM) was 1,405. ==> 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)
=295.891/3756.248
=0.07877302

ROA (Last Year)=Net Income/Total Assets (Dec21)
=1147.341/2665.079
=0.43050919

Cairo Poultry's return on assets of this year was 0.07877302. Cairo Poultry's return on assets of last year was 0.43050919. ==> 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.

Cairo Poultry's current Net Income (TTM) was 296. Cairo Poultry's current Cash Flow from Operations (TTM) was 1,405. ==> 1,405 > 296 ==> 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
=0/4754.4252
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=14.716/3207.6982
=0.00458771

Cairo Poultry's gearing of this year was 0. Cairo Poultry's gearing of last year was 0.00458771. ==> 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
=3833.528/2315.267
=1.65576065

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2542.847/2018.824
=1.25956844

Cairo Poultry's current ratio of this year was 1.65576065. Cairo Poultry's current ratio of last year was 1.25956844. ==> 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.

Cairo Poultry's number of shares in issue this year was 479.002. Cairo Poultry's number of shares in issue last year was 479.002. ==> 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
=826.695/6472.429
=0.12772562

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2799.268/11782.918
=0.23757001

Cairo Poultry's gross margin of this year was 0.12772562. Cairo Poultry's gross margin of last year was 0.23757001. ==> 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 (Dec22)
=6472.429/3756.248
=1.72311014

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=11782.918/2665.079
=4.42122654

Cairo Poultry's asset turnover of this year was 1.72311014. Cairo Poultry's asset turnover of last year was 4.42122654. ==> 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+1+1+1+1+0+0
=6

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

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

Cairo Poultry  (CAI:POUL) 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.


Cairo Poultry Piotroski F-Score Related Terms

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Cairo Poultry (CAI:POUL) Business Description

Traded in Other Exchanges
N/A
Address
32(B) Murad st, P.O. Box 42, Giza, EGY
Cairo Poultry is an Egypt-based company that operates in the farming and food processing sectors. It focuses on the production, breeding and fattening chicks; production of animal feed, and hatching of eggs, as well as participating in similar projects inside and outside Egypt. The firm also focuses on other related industries, such as starch and glucose, logistics and feed ingredients trading. Its segment includes Fodder Sector, Fatting Sector, Incubation Sector, Processing Sector, Grands Sector, Security Sector, and Agriculture Sector. The company's Processing Sector earns most of its revenue.

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