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CGN Mining Co (HKSE:01164) Piotroski F-Score : 6 (As of May. 04, 2024)


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What is CGN Mining 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

CGN Mining 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 CGN Mining Co's Piotroski F-Score or its related term are showing as below:

HKSE:01164' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of CGN Mining Co was 9. The lowest was 2. And the median was 5.


CGN Mining Co Piotroski F-Score Historical Data

The historical data trend for CGN Mining 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.

* Premium members only.

CGN Mining Co Piotroski F-Score Chart

CGN Mining Co 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 4.00 5.00 5.00 6.00

CGN Mining Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 5.00 - 5.00 - 6.00

Competitive Comparison of CGN Mining Co's Piotroski F-Score

For the Uranium subindustry, CGN Mining 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.


CGN Mining Co's Piotroski F-Score Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, CGN Mining Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CGN Mining 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was HK$497 Mil.
Cash Flow from Operations was HK$1,040 Mil.
Revenue was HK$7,363 Mil.
Gross Profit was HK$132 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (6865.707 + 6750.363) / 2 = HK$6808.035 Mil.
Total Assets at the begining of this year (Dec22) was HK$6,866 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,396 Mil.
Total Current Assets was HK$2,214 Mil.
Total Current Liabilities was HK$1,391 Mil.
Net Income was HK$515 Mil.

Revenue was HK$3,649 Mil.
Gross Profit was HK$148 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (6349.575 + 6865.707) / 2 = HK$6607.641 Mil.
Total Assets at the begining of last year (Dec21) was HK$6,350 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,397 Mil.
Total Current Assets was HK$2,447 Mil.
Total Current Liabilities was HK$2,064 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.

CGN Mining Co's current Net Income (TTM) was 497. ==> 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.

CGN Mining Co's current Cash Flow from Operations (TTM) was 1,040. ==> 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)
=497.099/6865.707
=0.07240318

ROA (Last Year)=Net Income/Total Assets (Dec21)
=514.915/6349.575
=0.0810944

CGN Mining Co's return on assets of this year was 0.07240318. CGN Mining Co's return on assets of last year was 0.0810944. ==> 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.

CGN Mining Co's current Net Income (TTM) was 497. CGN Mining Co's current Cash Flow from Operations (TTM) was 1,040. ==> 1,040 > 497 ==> 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
=1395.914/6808.035
=0.20503919

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1396.576/6607.641
=0.21135773

CGN Mining Co's gearing of this year was 0.20503919. CGN Mining Co's gearing of last year was 0.21135773. ==> 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
=2214.008/1391.228
=1.59140558

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2446.714/2063.711
=1.18558946

CGN Mining Co's current ratio of this year was 1.59140558. CGN Mining Co's current ratio of last year was 1.18558946. ==> 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.

CGN Mining Co's number of shares in issue this year was 7600.683. CGN Mining Co's number of shares in issue last year was 7169.52. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=131.926/7363.123
=0.01791713

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=148.032/3648.68
=0.04057138

CGN Mining Co's gross margin of this year was 0.01791713. CGN Mining Co's gross margin of last year was 0.04057138. ==> 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)
=7363.123/6865.707
=1.07244935

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=3648.68/6349.575
=0.57463374

CGN Mining Co's asset turnover of this year was 1.07244935. CGN Mining Co's asset turnover of last year was 0.57463374. ==> 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+1+1+0+0+1
=6

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

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

CGN Mining Co  (HKSE:01164) 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.


CGN Mining Co Piotroski F-Score Related Terms

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CGN Mining Co (HKSE:01164) Business Description

Traded in Other Exchanges
Address
No. 26 Harbour Road, Room 1903,19th Floor, China Resources Building, Wanchai, Hong Kong, HKG
CGN Mining Co Ltd is an investment holding company. It is engaged in the development and trading of natural uranium resources for use by nuclear energy companies. The company organized into three main segments: Natural uranium trading, Property investment, and Other investment. It's Natural uranium trading segment engages in trading of natural uranium. The property investment segment engages in leasing and selling of office premises and other investments segment engages in investment in a joint venture. The company generates majority of its revenue from the trading of natural uranium.

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