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Blue Star Capital (LSE:BLU) Piotroski F-Score : 4 (As of May. 16, 2024)


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What is Blue Star Capital 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

Blue Star Capital 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 Blue Star Capital's Piotroski F-Score or its related term are showing as below:

LSE:BLU' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Blue Star Capital was 5. The lowest was 1. And the median was 3.


Blue Star Capital Piotroski F-Score Historical Data

The historical data trend for Blue Star Capital'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.

Blue Star Capital Piotroski F-Score Chart

Blue Star Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 2.00 2.00 4.00

Blue Star Capital 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 2.00 - 2.00 - 4.00

Competitive Comparison of Blue Star Capital's Piotroski F-Score

For the Asset Management subindustry, Blue Star Capital'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.


Blue Star Capital's Piotroski F-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Star Capital's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Blue Star Capital'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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was £-6.33 Mil.
Cash Flow from Operations was £-0.24 Mil.
Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was (11.485 + 5.361) / 2 = £8.423 Mil.
Total Assets at the begining of this year (Sep22) was £11.49 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £0.07 Mil.
Total Current Liabilities was £0.03 Mil.
Net Income was £-1.30 Mil.

Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was (12.95 + 11.485) / 2 = £12.2175 Mil.
Total Assets at the begining of last year (Sep21) was £12.95 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £0.10 Mil.
Total Current Liabilities was £0.07 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.

Blue Star Capital's current Net Income (TTM) was -6.33. ==> 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.

Blue Star Capital's current Cash Flow from Operations (TTM) was -0.24. ==> 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 (Sep22)
=-6.328/11.485
=-0.55097954

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-1.301/12.95
=-0.10046332

Blue Star Capital's return on assets of this year was -0.55097954. Blue Star Capital's return on assets of last year was -0.10046332. ==> 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.

Blue Star Capital's current Net Income (TTM) was -6.33. Blue Star Capital's current Cash Flow from Operations (TTM) was -0.24. ==> -0.24 > -6.33 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/8.423
=0

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=0/12.2175
=0

Blue Star Capital's gearing of this year was 0. Blue Star Capital's gearing of last year was 0. ==> 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: Sep23)=Total Current Assets/Total Current Liabilities
=0.07/0.032
=2.1875

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=0.095/0.07
=1.35714286

Blue Star Capital's current ratio of this year was 2.1875. Blue Star Capital's current ratio of last year was 1.35714286. ==> 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.

Blue Star Capital's number of shares in issue this year was 4992.773. Blue Star Capital's number of shares in issue last year was 4992.773. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Blue Star Capital's gross margin of this year was . Blue Star Capital's gross margin of last year was . ==> 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 (Sep22)
=0/11.485
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=0/12.95
=0

Blue Star Capital's asset turnover of this year was 0. Blue Star Capital's asset turnover of last year was 0. ==> 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
=0+0+0+1+1+1+1+0+0
=4

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

Blue Star Capital has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Blue Star Capital  (LSE:BLU) 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.


Blue Star Capital Piotroski F-Score Related Terms

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Blue Star Capital (LSE:BLU) Business Description

Traded in Other Exchanges
N/A
Address
135 High Street, Griffin House, Crawley, West Sussex, GBR, RH10 1DQ
Blue Star Capital PLC is a United Kingdom-based investment company. Its business includes investing in assets or companies in the sectors such as gaming, media, and technology. The company also holds investments in investee companies in other sectors by way of equity, debt, or convertible securities. It focuses on capital appreciation from a diversified portfolio of quoted and unquoted investments.

Blue Star Capital (LSE:BLU) Headlines

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