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Bauhaus International (Holdings) (HKSE:00483) Piotroski F-Score : 7 (As of May. 16, 2024)


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What is Bauhaus International (Holdings) Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Bauhaus International (Holdings) has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Bauhaus International (Holdings)'s Piotroski F-Score or its related term are showing as below:

HKSE:00483' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Bauhaus International (Holdings) was 8. The lowest was 4. And the median was 6.


Bauhaus International (Holdings) Piotroski F-Score Historical Data

The historical data trend for Bauhaus International (Holdings)'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.

Bauhaus International (Holdings) Piotroski F-Score Chart

Bauhaus International (Holdings) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 8.00 5.00 7.00

Bauhaus International (Holdings) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 5.00 - 7.00 -

Competitive Comparison of Bauhaus International (Holdings)'s Piotroski F-Score

For the Apparel Retail subindustry, Bauhaus International (Holdings)'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.


Bauhaus International (Holdings)'s Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bauhaus International (Holdings)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bauhaus International (Holdings)'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was HK$46.0 Mil.
Cash Flow from Operations was HK$71.6 Mil.
Revenue was HK$196.6 Mil.
Gross Profit was HK$150.0 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (251.469 + 206.887) / 2 = HK$229.178 Mil.
Total Assets at the begining of this year (Mar22) was HK$251.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$11.3 Mil.
Total Current Assets was HK$130.6 Mil.
Total Current Liabilities was HK$33.0 Mil.
Net Income was HK$142.6 Mil.

Revenue was HK$249.3 Mil.
Gross Profit was HK$159.6 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (599.303 + 251.469) / 2 = HK$425.386 Mil.
Total Assets at the begining of last year (Mar21) was HK$599.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$7.2 Mil.
Total Current Assets was HK$176.2 Mil.
Total Current Liabilities was HK$56.0 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.

Bauhaus International (Holdings)'s current Net Income (TTM) was 46.0. ==> 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.

Bauhaus International (Holdings)'s current Cash Flow from Operations (TTM) was 71.6. ==> 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 (Mar22)
=45.967/251.469
=0.1827939

ROA (Last Year)=Net Income/Total Assets (Mar21)
=142.611/599.303
=0.23796143

Bauhaus International (Holdings)'s return on assets of this year was 0.1827939. Bauhaus International (Holdings)'s return on assets of last year was 0.23796143. ==> 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.

Bauhaus International (Holdings)'s current Net Income (TTM) was 46.0. Bauhaus International (Holdings)'s current Cash Flow from Operations (TTM) was 71.6. ==> 71.6 > 46.0 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=11.347/229.178
=0.04951173

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=7.224/425.386
=0.01698222

Bauhaus International (Holdings)'s gearing of this year was 0.04951173. Bauhaus International (Holdings)'s gearing of last year was 0.01698222. ==> Last year is lower than this year ==> Score 0.

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: Mar23)=Total Current Assets/Total Current Liabilities
=130.649/33.018
=3.9569023

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=176.248/56.041
=3.14498314

Bauhaus International (Holdings)'s current ratio of this year was 3.9569023. Bauhaus International (Holdings)'s current ratio of last year was 3.14498314. ==> 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.

Bauhaus International (Holdings)'s number of shares in issue this year was 367.38. Bauhaus International (Holdings)'s number of shares in issue last year was 367.38. ==> 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
=149.99/196.618
=0.76284979

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=159.644/249.304
=0.64035876

Bauhaus International (Holdings)'s gross margin of this year was 0.76284979. Bauhaus International (Holdings)'s gross margin of last year was 0.64035876. ==> 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 (Mar22)
=196.618/251.469
=0.78187769

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=249.304/599.303
=0.41598991

Bauhaus International (Holdings)'s asset turnover of this year was 0.78187769. Bauhaus International (Holdings)'s asset turnover of last year was 0.41598991. ==> 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+0+1+0+1+1+1+1
=7

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

Bauhaus International (Holdings) has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Bauhaus International (Holdings)  (HKSE:00483) 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.


Bauhaus International (Holdings) Piotroski F-Score Related Terms

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Bauhaus International (Holdings) (HKSE:00483) Business Description

Traded in Other Exchanges
N/A
Address
163 Hoi Bun Road, 1st Floor, Kwun Tong, Kowloon, Hong Kong, HKG
Bauhaus International (Holdings) Ltd is engaged in the design and retailing of trendy apparels, bags and fashion accessories. The company operates various retail channels (both online and offline). The group's in-house brands are SALAD, TOUGH and others. Its operating segments are Hong Kong and Macau and Non-Hong Kong and Macau.

Bauhaus International (Holdings) (HKSE:00483) Headlines

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