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Maisons du Monde France (XPAR:MDM) Piotroski F-Score : 6 (As of May. 27, 2024)


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What is Maisons du Monde France 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

Maisons du Monde France 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 Maisons du Monde France's Piotroski F-Score or its related term are showing as below:

XPAR:MDM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 11 years, the highest Piotroski F-Score of Maisons du Monde France was 7. The lowest was 4. And the median was 6.


Maisons du Monde France Piotroski F-Score Historical Data

The historical data trend for Maisons du Monde France'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.

Maisons du Monde France Piotroski F-Score Chart

Maisons du Monde France 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 4.00 5.00 7.00 6.00 -

Maisons du Monde France Semi-Annual Data
Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 - 6.00 - -

Competitive Comparison of Maisons du Monde France's Piotroski F-Score

For the Home Improvement Retail subindustry, Maisons du Monde France'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.


Maisons du Monde France's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Maisons du Monde France's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Maisons du Monde France'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 (Dec22) TTM:Last Year (Dec21) TTM:
Net Income was €34 Mil.
Cash Flow from Operations was €212 Mil.
Revenue was €1,278 Mil.
Gross Profit was €840 Mil.
Average Total Assets from the begining of this year (Dec21)
to the end of this year (Dec22) was (1843.643 + 1852.961) / 2 = €1848.302 Mil.
Total Assets at the begining of this year (Dec21) was €1,844 Mil.
Long-Term Debt & Capital Lease Obligation was €494 Mil.
Total Current Assets was €469 Mil.
Total Current Liabilities was €676 Mil.
Net Income was €77 Mil.

Revenue was €1,354 Mil.
Gross Profit was €915 Mil.
Average Total Assets from the begining of last year (Dec20)
to the end of last year (Dec21) was (1968.489 + 1843.643) / 2 = €1906.066 Mil.
Total Assets at the begining of last year (Dec20) was €1,968 Mil.
Long-Term Debt & Capital Lease Obligation was €676 Mil.
Total Current Assets was €489 Mil.
Total Current Liabilities was €437 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.

Maisons du Monde France's current Net Income (TTM) was 34. ==> 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.

Maisons du Monde France's current Cash Flow from Operations (TTM) was 212. ==> 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)
=34.295/1843.643
=0.01860176

ROA (Last Year)=Net Income/Total Assets (Dec20)
=77.368/1968.489
=0.03930324

Maisons du Monde France's return on assets of this year was 0.01860176. Maisons du Monde France's return on assets of last year was 0.03930324. ==> 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.

Maisons du Monde France's current Net Income (TTM) was 34. Maisons du Monde France's current Cash Flow from Operations (TTM) was 212. ==> 212 > 34 ==> 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: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=494.434/1848.302
=0.26750715

Gearing (Last Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=675.974/1906.066
=0.35464354

Maisons du Monde France's gearing of this year was 0.26750715. Maisons du Monde France's gearing of last year was 0.35464354. ==> 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: Dec22)=Total Current Assets/Total Current Liabilities
=468.696/675.607
=0.69374059

Current Ratio (Last Year: Dec21)=Total Current Assets/Total Current Liabilities
=488.762/436.639
=1.11937321

Maisons du Monde France's current ratio of this year was 0.69374059. Maisons du Monde France's current ratio of last year was 1.11937321. ==> 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.

Maisons du Monde France's number of shares in issue this year was 47.699. Maisons du Monde France's number of shares in issue last year was 49.742. ==> 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
=840.127/1278.062
=0.65734448

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=915.408/1353.663
=0.67624512

Maisons du Monde France's gross margin of this year was 0.65734448. Maisons du Monde France's gross margin of last year was 0.67624512. ==> 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 (Dec21)
=1278.062/1843.643
=0.6932264

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec20)
=1353.663/1968.489
=0.68766602

Maisons du Monde France's asset turnover of this year was 0.6932264. Maisons du Monde France's asset turnover of last year was 0.68766602. ==> 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+0+1+1+0+1+0+1
=6

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

Maisons du Monde France has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Maisons du Monde France  (XPAR:MDM) 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.


Maisons du Monde France Piotroski F-Score Related Terms

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Maisons du Monde France (XPAR:MDM) Business Description

Traded in Other Exchanges
Address
Le Portereau, BP 52402, Vertou, FRA, 44120
Maisons du Monde France SA is a multichannel retailer of stylish affordable homeware. Its product range consists of homeware products, decoration items, and furniture. The product categories include small decorative items such as household textiles, tableware and kitchenware, mirrors and picture frames, as well as large decorative items and furniture such as large mirrors and lamps, tables, chairs, armchairs and sofas, cupboards, bookshelves and outdoor furniture. It sells its products through its network of stores and its online platform to the customers based in European markets.

Maisons du Monde France (XPAR:MDM) Headlines

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