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Brasilagro - Cia Bras de Prop Agricolas (Brasilagro - Cia Bras de Prop Agricolas) Piotroski F-Score : N/A (As of May. 23, 2024)


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What is Brasilagro - Cia Bras de Prop Agricolas 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

Brasilagro - Cia Bras de Prop Agricolas has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Brasilagro - Cia Bras de Prop Agricolas's Piotroski F-Score or its related term are showing as below:

During the past 13 years, the highest Piotroski F-Score of Brasilagro - Cia Bras de Prop Agricolas was 8. The lowest was 1. And the median was 5.


Brasilagro - Cia Bras de Prop Agricolas Piotroski F-Score Historical Data

The historical data trend for Brasilagro - Cia Bras de Prop Agricolas'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.

Brasilagro - Cia Bras de Prop Agricolas Piotroski F-Score Chart

Brasilagro - Cia Bras de Prop Agricolas Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.00 6.00 6.00 3.00

Brasilagro - Cia Bras de Prop Agricolas Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
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 3.00 N/A 3.00 2.00 N/A

Competitive Comparison of Brasilagro - Cia Bras de Prop Agricolas's Piotroski F-Score

For the Farm Products subindustry, Brasilagro - Cia Bras de Prop Agricolas'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.


Brasilagro - Cia Bras de Prop Agricolas's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Brasilagro - Cia Bras de Prop Agricolas's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Brasilagro - Cia Bras de Prop Agricolas'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 (Mar24) TTM:Last Year (Dec22) TTM:
Net Income was -0.632 + 50.005 + -1.188 + -6.054 = $42.1 Mil.
Cash Flow from Operations was -14.949 + 45.873 + 0 + 5.819 = $36.7 Mil.
Revenue was 36.611 + 108.462 + 31.383 + 24.455 = $200.9 Mil.
Gross Profit was 12.951 + 56.575 + -0.585 + 3.635 = $72.6 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Mar24) was
(0 + 0 + 722.763 + 669.864 + 670.969) / 5 = $687.86533333 Mil.
Total Assets at the begining of this year (Dec22) was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $145.4 Mil.
Total Current Assets was $244.9 Mil.
Total Current Liabilities was $119.9 Mil.
Net Income was 16.434 + 6.163 + 8.01 + -2.456 = $28.2 Mil.

Revenue was 28.353 + 56.568 + 60.174 + 35.294 = $180.4 Mil.
Gross Profit was 39.83 + 9.499 + 6.484 + 3.372 = $59.2 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(641.774 + 701.96 + 662.73 + 664.013 + 0) / 5 = $667.61925 Mil.
Total Assets at the begining of last year (Dec21) was $641.8 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $0.0 Mil.
Total Current Liabilities was $0.0 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.

Brasilagro - Cia Bras de Prop Agricolas's current Net Income (TTM) was 42.1. ==> 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.

Brasilagro - Cia Bras de Prop Agricolas's current Cash Flow from Operations (TTM) was 36.7. ==> 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)
=42.131/0
=

ROA (Last Year)=Net Income/Total Assets (Dec21)
=28.151/641.774
=0.04386435

Brasilagro - Cia Bras de Prop Agricolas's return on assets of this year was . Brasilagro - Cia Bras de Prop Agricolas's return on assets of last year was 0.04386435. ==> 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.

Brasilagro - Cia Bras de Prop Agricolas's current Net Income (TTM) was 42.1. Brasilagro - Cia Bras de Prop Agricolas's current Cash Flow from Operations (TTM) was 36.7. ==> 36.7 <= 42.1 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Mar24
=145.442/687.86533333
=0.21143964

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/667.61925
=0

Brasilagro - Cia Bras de Prop Agricolas's gearing of this year was 0.21143964. Brasilagro - Cia Bras de Prop Agricolas's gearing of last year was 0. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=244.933/119.94
=2.0421294

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=0/0
=

Brasilagro - Cia Bras de Prop Agricolas's current ratio of this year was 2.0421294. Brasilagro - Cia Bras de Prop Agricolas's current ratio of last year was . ==> 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.

Brasilagro - Cia Bras de Prop Agricolas's number of shares in issue this year was 102.683. Brasilagro - Cia Bras de Prop Agricolas's number of shares in issue last year was 102.377. ==> 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
=72.576/200.911
=0.36123458

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=59.185/180.389
=0.3280965

Brasilagro - Cia Bras de Prop Agricolas's gross margin of this year was 0.36123458. Brasilagro - Cia Bras de Prop Agricolas's gross margin of last year was 0.3280965. ==> 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)
=200.911/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=180.389/641.774
=0.2810787

Brasilagro - Cia Bras de Prop Agricolas's asset turnover of this year was . Brasilagro - Cia Bras de Prop Agricolas's asset turnover of last year was 0.2810787. ==> 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+0+0+1+0+1+0
=4

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

Brasilagro - Cia Bras de Prop Agricolas has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Brasilagro - Cia Bras de Prop Agricolas  (NYSE:LND) 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.


Brasilagro - Cia Bras de Prop Agricolas Piotroski F-Score Related Terms

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Brasilagro - Cia Bras de Prop Agricolas (Brasilagro - Cia Bras de Prop Agricolas) Business Description

Traded in Other Exchanges
Address
Avenida Brigadeiro Faria Lima, 1309, 5th Floor, Sao Paulo, SP, BRA, 1452-002
Brasilagro - Cia Bras de Prop Agricolas is a Brazil-based company, engaged in the acquisition, development, operation, and sale of rural properties suitable for agricultural activities. The business activity of the firm is operated through Real estate, Grains, Sugarcane, Cattle rising, Cotton, and Other segments. The Grains segment is involved in the production and sale of soybean and corn. The Sugarcane segment includes the sale of raw product. The Real Estate segment presents the P&L from operations carried out in the company's subsidiaries. The Cattle Raising segment consists of producing and selling beef calves after weaning, which characterizes the activity as breeding and the Other segment engages in other corporate activities. The majority of revenue is earned from Grain Segment.

Brasilagro - Cia Bras de Prop Agricolas (Brasilagro - Cia Bras de Prop Agricolas) Headlines

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