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Mobile TeleSystems PJSC (Mobile TeleSystems PJSC) Piotroski F-Score : 5 (As of Apr. 26, 2024)


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What is Mobile TeleSystems PJSC 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

Mobile TeleSystems PJSC 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 Mobile TeleSystems PJSC's Piotroski F-Score or its related term are showing as below:

MBT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Mobile TeleSystems PJSC was 9. The lowest was 3. And the median was 6.


Mobile TeleSystems PJSC Piotroski F-Score Historical Data

The historical data trend for Mobile TeleSystems PJSC'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.

Mobile TeleSystems PJSC Piotroski F-Score Chart

Mobile TeleSystems PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 7.00 5.00 5.00

Mobile TeleSystems PJSC Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23
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 7.00 6.00 5.00 5.00

Competitive Comparison of Mobile TeleSystems PJSC's Piotroski F-Score

For the Telecom Services subindustry, Mobile TeleSystems PJSC'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.


Mobile TeleSystems PJSC's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Mobile TeleSystems PJSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mobile TeleSystems PJSC'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 (Mar23) TTM:Last Year (Dec21) TTM:
Net Income was 36.733 + 173.805 + 0 + 168.697 = $379 Mil.
Cash Flow from Operations was 85.879 + 713.998 + 0 + 376.136 = $1,176 Mil.
Revenue was 1257.127 + 2028.272 + 0 + 1855.388 = $5,141 Mil.
Gross Profit was 786.332 + 1320.512 + 0 + 1213.64 = $3,320 Mil.
Average Total Assets from the begining of this year (Dec21)
to the end of this year (Mar23) was
(13739.339 + 9901.794 + 16087.657 + 17694.934 + 14443.125) / 5 = $14373.3698 Mil.
Total Assets at the begining of this year (Dec21) was $13,739 Mil.
Long-Term Debt & Capital Lease Obligation was $6,144 Mil.
Total Current Assets was $3,792 Mil.
Total Current Liabilities was $7,615 Mil.
Net Income was 213.045 + 234.3 + 225.367 + 184.148 = $857 Mil.

Revenue was 1632.852 + 1727.09 + 1890.809 + 1856.239 = $7,107 Mil.
Gross Profit was 1013.333 + 1094.185 + 1156.546 + 1163.427 = $4,427 Mil.
Average Total Assets from the begining of last year (Dec20)
to the end of last year (Dec21) was
(12334.652 + 11978.368 + 12810.038 + 13065.515 + 13739.339) / 5 = $12785.5824 Mil.
Total Assets at the begining of last year (Dec20) was $12,335 Mil.
Long-Term Debt & Capital Lease Obligation was $6,575 Mil.
Total Current Assets was $3,561 Mil.
Total Current Liabilities was $6,403 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.

Mobile TeleSystems PJSC's current Net Income (TTM) was 379. ==> 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.

Mobile TeleSystems PJSC's current Cash Flow from Operations (TTM) was 1,176. ==> 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 (Dec21)
=379.235/13739.339
=0.02760213

ROA (Last Year)=Net Income/Total Assets (Dec20)
=856.86/12334.652
=0.06946771

Mobile TeleSystems PJSC's return on assets of this year was 0.02760213. Mobile TeleSystems PJSC's return on assets of last year was 0.06946771. ==> 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.

Mobile TeleSystems PJSC's current Net Income (TTM) was 379. Mobile TeleSystems PJSC's current Cash Flow from Operations (TTM) was 1,176. ==> 1,176 > 379 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Mar23
=6143.838/14373.3698
=0.4274459

Gearing (Last Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=6574.694/12785.5824
=0.51422718

Mobile TeleSystems PJSC's gearing of this year was 0.4274459. Mobile TeleSystems PJSC's gearing of last year was 0.51422718. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=3791.955/7615.289
=0.49793974

Current Ratio (Last Year: Dec21)=Total Current Assets/Total Current Liabilities
=3561.236/6403.192
=0.55616574

Mobile TeleSystems PJSC's current ratio of this year was 0.49793974. Mobile TeleSystems PJSC's current ratio of last year was 0.55616574. ==> 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.

Mobile TeleSystems PJSC's number of shares in issue this year was 0. Mobile TeleSystems PJSC's number of shares in issue last year was 849.934. ==> 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
=3320.484/5140.787
=0.64590966

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4427.491/7106.99
=0.62297696

Mobile TeleSystems PJSC's gross margin of this year was 0.64590966. Mobile TeleSystems PJSC's gross margin of last year was 0.62297696. ==> 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 (Dec21)
=5140.787/13739.339
=0.37416553

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec20)
=7106.99/12334.652
=0.57618083

Mobile TeleSystems PJSC's asset turnover of this year was 0.37416553. Mobile TeleSystems PJSC's asset turnover of last year was 0.57618083. ==> 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+1+1+0+1+1+0
=6

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

Mobile TeleSystems PJSC has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Mobile TeleSystems PJSC  (NYSE:MBT) 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.


Mobile TeleSystems PJSC Piotroski F-Score Related Terms

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Mobile TeleSystems PJSC (Mobile TeleSystems PJSC) Business Description

Traded in Other Exchanges
Address
4 Marksistskaya Street, Moscow, RUS, 109147
Mobile TeleSystems PJSC is a wireless telephone operator in Russia. The company is a large provider of fixed-line broadband and pay-TV services in the country, with a strong fixed-line presence in Moscow. The company's segment includes Telecom; Fintech and others. It generates maximum revenue from the Telecom segment.