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Mondee Holdings (Mondee Holdings) Piotroski F-Score : 4 (As of May. 12, 2024)


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What is Mondee Holdings 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

Mondee Holdings 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 Mondee Holdings's Piotroski F-Score or its related term are showing as below:

MOND' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 4

During the past 4 years, the highest Piotroski F-Score of Mondee Holdings was 5. The lowest was 4. And the median was 5.


Mondee Holdings Piotroski F-Score Historical Data

The historical data trend for Mondee 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.

Mondee Holdings Piotroski F-Score Chart

Mondee Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 5.00 4.00

Mondee Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.00 N/A N/A N/A 4.00

Competitive Comparison of Mondee Holdings's Piotroski F-Score

For the Travel Services subindustry, Mondee 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.


Mondee Holdings's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mondee Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mondee 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -12.915 + -14.608 + -20.099 + -13.195 = $-60.8 Mil.
Cash Flow from Operations was -9.979 + -2.427 + -0.994 + -8.479 = $-21.9 Mil.
Revenue was 49.929 + 56.771 + 54.532 + 62.093 = $223.3 Mil.
Gross Profit was 49.929 + 56.771 + 54.532 + 62.093 = $223.3 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(258.097 + 342.34 + 379.113 + 365.569 + 392.391) / 5 = $347.502 Mil.
Total Assets at the begining of this year (Dec22) was $258.1 Mil.
Long-Term Debt & Capital Lease Obligation was $153.6 Mil.
Total Current Assets was $173.1 Mil.
Total Current Liabilities was $161.6 Mil.
Net Income was -6.991 + -2.113 + -64.608 + -16.526 = $-90.2 Mil.

Revenue was 39.067 + 45.656 + 40.513 + 34.248 = $159.5 Mil.
Gross Profit was 39.067 + 45.656 + 40.513 + 34.248 = $159.5 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(203.335 + 218.377 + 242.128 + 291.781 + 258.097) / 5 = $242.7436 Mil.
Total Assets at the begining of last year (Dec21) was $203.3 Mil.
Long-Term Debt & Capital Lease Obligation was $128.9 Mil.
Total Current Assets was $119.7 Mil.
Total Current Liabilities was $57.0 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.

Mondee Holdings's current Net Income (TTM) was -60.8. ==> 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.

Mondee Holdings's current Cash Flow from Operations (TTM) was -21.9. ==> 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)
=-60.817/258.097
=-0.23563621

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-90.238/203.335
=-0.44378981

Mondee Holdings's return on assets of this year was -0.23563621. Mondee Holdings's return on assets of last year was -0.44378981. ==> This year is higher. ==> Score 1.

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.

Mondee Holdings's current Net Income (TTM) was -60.8. Mondee Holdings's current Cash Flow from Operations (TTM) was -21.9. ==> -21.9 > -60.8 ==> 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
=153.583/347.502
=0.44196292

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=128.858/242.7436
=0.53083995

Mondee Holdings's gearing of this year was 0.44196292. Mondee Holdings's gearing of last year was 0.53083995. ==> 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
=173.097/161.569
=1.07135032

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=119.68/56.995
=2.09983332

Mondee Holdings's current ratio of this year was 1.07135032. Mondee Holdings's current ratio of last year was 2.09983332. ==> 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.

Mondee Holdings's number of shares in issue this year was 77.367. Mondee Holdings's number of shares in issue last year was 75.284. ==> 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
=223.325/223.325
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=159.484/159.484
=1

Mondee Holdings's gross margin of this year was 1. Mondee Holdings's gross margin of last year was 1. ==> 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)
=223.325/258.097
=0.86527546

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=159.484/203.335
=0.78434111

Mondee Holdings's asset turnover of this year was 0.86527546. Mondee Holdings's asset turnover of last year was 0.78434111. ==> 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+1+1+1+0+0+0+1
=4

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

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

Mondee Holdings  (NAS:MOND) 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.


Mondee Holdings Piotroski F-Score Related Terms

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Mondee Holdings (Mondee Holdings) Business Description

Traded in Other Exchanges
Address
10800 Pecan Park Blvd., Suite 315, Austin, TX, USA, 78750
Mondee Holdings Inc is a travel technology company & marketplace with a portfolio of leisure & corporate travel sectors. It provides platform technologies, operating systems, & services that enable travel transactions to serve travelers directly or through travel affiliates. It has two segments Travel Marketplace & SAAS Platform. The Travel Marketplace segment (transactional business serving the end travelers directly or through travel affiliates) consists of selling airline tickets through the proprietary platform. The SAAS Platform segment offers corporate travel cost savings solutions through its technology platform. The majority is from the Travel Marketplace segment. Geographically, the key revenue is from the United States.
Executives
Jeff Clarke director COMPUTER ASSOCIATES INTERNATIONAL INC, ONE COMPUTER ASSOCIATES PLAZA, ISLANDA NY 11746
Prasad Gundumogula director, 10 percent owner, officer: Chief Executive Officer 2213 VENETIAN SKY DRIVE, LEANDER TX 78641
Stanley Morgan 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Orestes Fintiklis director, 10 percent owner, officer: Chief Executive Officer 555 MADISON AVENUE, SUITE 11A, NEW YORK NY 10002
Venkat Pasupuleti officer: Chief Technology Officer 2856 CHRONICLE AVENUE, HAYWARD CA 94542
Meredith Waters officer: General Counsel 2616 MARIA ANNA RD., AUSTIN TX 78703
Jesus Portillo officer: Chief Financial Officer 10800 PECAN PARK BLVD, SUITE 315, AUSTIN TX 78750
Madhuri Pasam other: Spouse of 10% Owner 2213 VENETIAN SKY DR, LEANDER TX 78641
Jeffrey David Young 10 percent owner 191 NORTH WACKER DRIVE, SUITE 2350, CHICAGO IL 60606
Origami Capital Partners Llc 10 percent owner 191 NORTH WACKER DRIVE, SUITE 2350, CHICAGO IL 60606
Fly Ocp Llc 10 percent owner 191 NORTH WACKER DRIVE, SUITE 2350, CHICAGO IL 60606
Mondee Holdings, Llc 10 percent owner 2000 ALAMEDA DE LAS PULGAS, SUITE 125, SAN MATEO CA 94403
Noor Sweid director 17 STATE STREET, 21ST FLOOR, NEW YORK CA 10004
Roopa Purushothaman director ASHOK TOWERS, DWING, 003/004 DR B AMBEDKAR MARG PAREL, MUMBAI K7 400012
James Dullum officer: Chief Operating Officer 8800 SOUTH TROPICAL TRAIL, MERRITT ISLAND FL 32952