GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » La Francaise Des Jeux SA (XPAR:FDJ) » Definitions » Piotroski F-Score

La Francaise Des Jeux (XPAR:FDJ) Piotroski F-Score : 8 (As of May. 01, 2024)


View and export this data going back to 2019. Start your Free Trial

What is La Francaise Des Jeux Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

La Francaise Des Jeux has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for La Francaise Des Jeux's Piotroski F-Score or its related term are showing as below:

XPAR:FDJ' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of La Francaise Des Jeux was 8. The lowest was 6. And the median was 7.


La Francaise Des Jeux Piotroski F-Score Historical Data

The historical data trend for La Francaise Des Jeux'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.

La Francaise Des Jeux Piotroski F-Score Chart

La Francaise Des Jeux Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 6.00 7.00 8.00 7.00 8.00

La Francaise Des Jeux Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 8.00 - 7.00 - 8.00

Competitive Comparison of La Francaise Des Jeux's Piotroski F-Score

For the Gambling subindustry, La Francaise Des Jeux'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.


La Francaise Des Jeux's Piotroski F-Score Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where La Francaise Des Jeux'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 €425 Mil.
Cash Flow from Operations was €629 Mil.
Revenue was €2,622 Mil.
Gross Profit was €1,229 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (3315.7 + 3760.8) / 2 = €3538.25 Mil.
Total Assets at the begining of this year (Dec22) was €3,316 Mil.
Long-Term Debt & Capital Lease Obligation was €386 Mil.
Total Current Assets was €1,697 Mil.
Total Current Liabilities was €2,149 Mil.
Net Income was €308 Mil.

Revenue was €2,461 Mil.
Gross Profit was €1,132 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (3188.3 + 3315.7) / 2 = €3252 Mil.
Total Assets at the begining of last year (Dec21) was €3,188 Mil.
Long-Term Debt & Capital Lease Obligation was €429 Mil.
Total Current Assets was €1,513 Mil.
Total Current Liabilities was €1,869 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.

La Francaise Des Jeux's current Net Income (TTM) was 425. ==> 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.

La Francaise Des Jeux's current Cash Flow from Operations (TTM) was 629. ==> 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)
=425.1/3315.7
=0.12820822

ROA (Last Year)=Net Income/Total Assets (Dec21)
=307.9/3188.3
=0.09657184

La Francaise Des Jeux's return on assets of this year was 0.12820822. La Francaise Des Jeux's return on assets of last year was 0.09657184. ==> 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.

La Francaise Des Jeux's current Net Income (TTM) was 425. La Francaise Des Jeux's current Cash Flow from Operations (TTM) was 629. ==> 629 > 425 ==> 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
=386/3538.25
=0.10909348

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=428.7/3252
=0.13182657

La Francaise Des Jeux's gearing of this year was 0.10909348. La Francaise Des Jeux's gearing of last year was 0.13182657. ==> 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
=1697.1/2148.7
=0.78982641

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1513.2/1869
=0.80963082

La Francaise Des Jeux's current ratio of this year was 0.78982641. La Francaise Des Jeux's current ratio of last year was 0.80963082. ==> 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.

La Francaise Des Jeux's number of shares in issue this year was 190.806. La Francaise Des Jeux's number of shares in issue last year was 190.817. ==> 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
=1229/2621.5
=0.46881556

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1131.5/2461.1
=0.45975377

La Francaise Des Jeux's gross margin of this year was 0.46881556. La Francaise Des Jeux's gross margin of last year was 0.45975377. ==> 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)
=2621.5/3315.7
=0.79063245

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=2461.1/3188.3
=0.77191607

La Francaise Des Jeux's asset turnover of this year was 0.79063245. La Francaise Des Jeux's asset turnover of last year was 0.77191607. ==> 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+1+1+1+1+0+1+1+1
=8

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

La Francaise Des Jeux has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

La Francaise Des Jeux  (XPAR:FDJ) 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.


La Francaise Des Jeux Piotroski F-Score Related Terms

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


La Francaise Des Jeux (XPAR:FDJ) Business Description

Traded in Other Exchanges
Address
3-7 Quai du Point du Jour, Boulogne-Billancourt, Paris, FRA, 92100
La Francaise Des Jeux SA is engaged in lottery games and sports betting. Its lottery games include draw games and instant games. The company offers approximately more than 80 lottery games.

La Francaise Des Jeux (XPAR:FDJ) Headlines

No Headlines