GURUFOCUS.COM » STOCK LIST » Industrials » Construction » UEM Edgenta Bhd (XKLS:1368) » Definitions » Piotroski F-Score

UEM Edgenta Bhd (XKLS:1368) Piotroski F-Score : 4 (As of Jun. 02, 2024)


View and export this data going back to 1964. Start your Free Trial

What is UEM Edgenta Bhd 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

UEM Edgenta Bhd 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 UEM Edgenta Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:1368' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of UEM Edgenta Bhd was 8. The lowest was 2. And the median was 6.


UEM Edgenta Bhd Piotroski F-Score Historical Data

The historical data trend for UEM Edgenta Bhd'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.

UEM Edgenta Bhd Piotroski F-Score Chart

UEM Edgenta Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 8.00 7.00 4.00

UEM Edgenta Bhd Quarterly Data
Mar19 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 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 7.00 6.00 5.00 8.00 4.00

Competitive Comparison of UEM Edgenta Bhd's Piotroski F-Score

For the Engineering & Construction subindustry, UEM Edgenta Bhd'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.


UEM Edgenta Bhd's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, UEM Edgenta Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where UEM Edgenta Bhd'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 10.901 + 12.527 + 5.07 + 2.346 = RM31 Mil.
Cash Flow from Operations was -123.434 + -39.959 + 79.387 + 26.257 = RM-58 Mil.
Revenue was 631.776 + 719.26 + 721.075 + 806.937 = RM2,879 Mil.
Gross Profit was 79.348 + 97.447 + 88.955 + 73.183 = RM339 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(2868.671 + 2873.886 + 2956.183 + 2971.826 + 2954.32) / 5 = RM2924.9772 Mil.
Total Assets at the begining of this year (Dec22) was RM2,869 Mil.
Long-Term Debt & Capital Lease Obligation was RM334 Mil.
Total Current Assets was RM1,822 Mil.
Total Current Liabilities was RM940 Mil.
Net Income was 9.403 + 10.864 + 4.59 + 21.021 = RM46 Mil.

Revenue was 539.209 + 627.677 + 646.212 + 710.532 = RM2,524 Mil.
Gross Profit was 76.627 + 85.994 + 73.803 + 95.05 = RM331 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(2855.07 + 2932.672 + 2905.242 + 2953.566 + 2868.671) / 5 = RM2903.0442 Mil.
Total Assets at the begining of last year (Dec21) was RM2,855 Mil.
Long-Term Debt & Capital Lease Obligation was RM360 Mil.
Total Current Assets was RM1,697 Mil.
Total Current Liabilities was RM861 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.

UEM Edgenta Bhd's current Net Income (TTM) was 31. ==> 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.

UEM Edgenta Bhd's current Cash Flow from Operations (TTM) was -58. ==> 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)
=30.844/2868.671
=0.01075202

ROA (Last Year)=Net Income/Total Assets (Dec21)
=45.878/2855.07
=0.01606896

UEM Edgenta Bhd's return on assets of this year was 0.01075202. UEM Edgenta Bhd's return on assets of last year was 0.01606896. ==> 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.

UEM Edgenta Bhd's current Net Income (TTM) was 31. UEM Edgenta Bhd's current Cash Flow from Operations (TTM) was -58. ==> -58 <= 31 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=333.884/2924.9772
=0.11414927

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=359.849/2903.0442
=0.12395574

UEM Edgenta Bhd's gearing of this year was 0.11414927. UEM Edgenta Bhd's gearing of last year was 0.12395574. ==> 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
=1822.168/940.326
=1.93780455

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1697.148/860.852
=1.97147477

UEM Edgenta Bhd's current ratio of this year was 1.93780455. UEM Edgenta Bhd's current ratio of last year was 1.97147477. ==> 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.

UEM Edgenta Bhd's number of shares in issue this year was 831.624. UEM Edgenta Bhd's number of shares in issue last year was 831.624. ==> 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
=338.933/2879.048
=0.11772398

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=331.474/2523.63
=0.1313481

UEM Edgenta Bhd's gross margin of this year was 0.11772398. UEM Edgenta Bhd's gross margin of last year was 0.1313481. ==> 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)
=2879.048/2868.671
=1.00361735

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=2523.63/2855.07
=0.88391178

UEM Edgenta Bhd's asset turnover of this year was 1.00361735. UEM Edgenta Bhd's asset turnover of last year was 0.88391178. ==> 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
=1+0+0+0+1+0+1+0+1
=4

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

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

UEM Edgenta Bhd  (XKLS:1368) 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.


UEM Edgenta Bhd Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of UEM Edgenta Bhd's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


UEM Edgenta Bhd (XKLS:1368) Business Description

Traded in Other Exchanges
N/A
Address
Avenue 7, No. 8, Jalan Kerinchi, Level 17, Menara UEM, Tower 1, The Horizon, Bangsar South City, Kuala Lumpur, SGR, MYS, 59200
UEM Edgenta Bhd engages in the provision of management services. It operates in the following segments: Asset Management: Healthcare Support and Property & Facility Solutions (PFS); Infrastructure Solutions: Asset Consultancy and Infrastructure Services, and Others. The asset management segment provides integrated facilities management and engineering contracting services for a range of assets and building types specializing in healthcare support and property and facility solutions. The Infrastructure Solutions segment provides strategic advisory services, design, development, maintenance, and management of major transport projects and infrastructure assets. It has a global presence, with around half of revenue stemming from the Malaysian domestic market.

UEM Edgenta Bhd (XKLS:1368) Headlines

No Headlines