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Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hall Of Fame Resort & Entertainment Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Hall Of Fame Resort & Entertainment Co's Piotroski F-Score or its related term are showing as below:
During the past 5 years, the highest Piotroski F-Score of Hall Of Fame Resort & Entertainment Co was 5. The lowest was 3. And the median was 4.
The historical data trend for Hall Of Fame Resort & Entertainment 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.
Hall Of Fame Resort & Entertainment Co Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Piotroski F-Score | N/A | N/A | 4.00 | 5.00 | 3.00 |
Hall Of Fame Resort & Entertainment Co Quarterly Data | |||||||||||||||||||
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 | 5.00 | 4.00 | 4.00 | 3.00 | 3.00 |
For the Entertainment subindustry, Hall Of Fame Resort & Entertainment 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.
For the Media - Diversified industry and Communication Services sector, Hall Of Fame Resort & Entertainment Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hall Of Fame Resort & Entertainment 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 -19.344 + -13.288 + -16.153 + -19.897 = $-68.68 Mil. Cash Flow from Operations was -11.543 + -8.14 + 0.077 + -7.394 = $-27.00 Mil. Revenue was 3.12 + 6.127 + 8.745 + 6.137 = $24.13 Mil. Gross Profit was 1.661 + 4.54 + 6.931 + 4.506 = $17.64 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (456.297 + 461.167 + 451.129 + 447.062 + 441.897) / 5 = $451.5104 Mil. Total Assets at the begining of this year (Dec22) was $456.30 Mil. Long-Term Debt & Capital Lease Obligation was $222.97 Mil. Total Current Assets was $27.25 Mil. Total Current Liabilities was $28.56 Mil. |
Net Income was -7.846 + -8.936 + -10.858 + -18.242 = $-45.88 Mil. Revenue was 2.107 + 2.686 + 8.127 + 3.06 = $15.98 Mil. Gross Profit was 0.953 + 1.369 + 6.317 + 1.389 = $10.03 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (337.288 + 353.111 + 377.767 + 421.342 + 456.297) / 5 = $389.161 Mil. Total Assets at the begining of last year (Dec21) was $337.29 Mil. Long-Term Debt & Capital Lease Obligation was $174.73 Mil. Total Current Assets was $39.40 Mil. Total Current Liabilities was $25.30 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.
Hall Of Fame Resort & Entertainment Co's current Net Income (TTM) was -68.68.
==> Negative ==> Score 0.
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.
Hall Of Fame Resort & Entertainment Co's current Cash Flow from Operations (TTM) was -27.00.
==> Negative ==> Score 0.
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) |
= | -68.682 | / | 456.297 | |
= | -0.15052038 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | -45.882 | / | 337.288 | |
= | -0.13603211 |
Hall Of Fame Resort & Entertainment Co's return on assets of this year was -0.15052038. Hall Of Fame Resort & Entertainment Co's return on assets of last year was -0.13603211.
==> 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.
Hall Of Fame Resort & Entertainment Co's current Net Income (TTM) was -68.68. Hall Of Fame Resort & Entertainment Co's current Cash Flow from Operations (TTM) was -27.00.
==> -27.00 > -68.68 ==> 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 |
= | 222.974 | / | 451.5104 | |
= | 0.49384023 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 174.729 | / | 389.161 | |
= | 0.44898898 |
Hall Of Fame Resort & Entertainment Co's gearing of this year was 0.49384023. Hall Of Fame Resort & Entertainment Co's gearing of last year was 0.44898898.
==> 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: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 27.25 | / | 28.561 | |
= | 0.95409825 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 39.395 | / | 25.299 | |
= | 1.55717617 |
Hall Of Fame Resort & Entertainment Co's current ratio of this year was 0.95409825. Hall Of Fame Resort & Entertainment Co's current ratio of last year was 1.55717617.
==> Last year's current ratio is higher ==> Score 0.
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.
Hall Of Fame Resort & Entertainment Co's number of shares in issue this year was 6.343. Hall Of Fame Resort & Entertainment Co's number of shares in issue last year was 5.515.
==> 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 |
= | 17.638 | / | 24.129 | |
= | 0.73098761 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 10.028 | / | 15.98 | |
= | 0.62753442 |
Hall Of Fame Resort & Entertainment Co's gross margin of this year was 0.73098761. Hall Of Fame Resort & Entertainment Co's gross margin of last year was 0.62753442.
==> 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 (Dec22) |
= | 24.129 | / | 456.297 | |
= | 0.05288003 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 15.98 | / | 337.288 | |
= | 0.04737791 |
Hall Of Fame Resort & Entertainment Co's asset turnover of this year was 0.05288003. Hall Of Fame Resort & Entertainment Co's asset turnover of last year was 0.04737791.
==> 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 |
= | 0 | + | 0 | + | 0 | + | 1 | + | 0 | + | 0 | + | 0 | + | 1 | + | 1 | |
= | 3 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hall Of Fame Resort & Entertainment Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Hall Of Fame Resort & Entertainment Co (NAS:HOFV) 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.
Thank you for viewing the detailed overview of Hall Of Fame Resort & Entertainment Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Buiten John Van | officer: VP of Accounting/Controller | C/O JAY PHARMA INC., 4851 TAMIAMI TRAIL N, SUITE 200, NAPLES FL 34103 |
Jerome Bettis | director | 2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305 |
Michael Anthony Crawford | director, officer: President and CEO | C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718 |
Michael S Levy | officer: President of Operations | C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718 |
Marcus Lemarr Allen | director | HALL OF FAME RESORT & ENTERTAINMENT CO, 2626 FULTON AVE NW, CANTON OH 44708 |
Teri Wagner Flynn | director | C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718 |
Victor S. Gregovits | officer: EVP of Sales & Marketing | C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718 |
Benjamin J Lee | officer: Chief Financial Officer | 2626 FULTON DRIVE, NW, C/O HALL OF FAME RESORT & ENTERTAIN CO, CANTON OH 44718 |
Karl Holz | director | C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718 |
Mary Owen | director | C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718 |
James J. Dolan | director | C/O TRISTATE CAPITAL HOLDINGS, INC., ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219 |
Stuart Lichter | director | 631 PASEO DE LA PLAYA, REDONDO BEACH CA 90277 |
Anthony J. Buzzelli | director | C/O TRISTATE CAPITAL HOLDINGS, INC, ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219 |
Kimberly Schaefer | director | C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821 |
Erica Muhleman | officer: EVP of New Bus. Dev./Marketing | 2626 FULTON DRIVE NW, CANTON OH 44718 |
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