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ZeroFox Holdings (ZeroFox Holdings) Piotroski F-Score : 3 (As of May. 13, 2024)


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What is ZeroFox Holdings Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

ZeroFox Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for ZeroFox Holdings's Piotroski F-Score or its related term are showing as below:

ZFOX' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 3
Current: 3

During the past 5 years, the highest Piotroski F-Score of ZeroFox Holdings was 3. The lowest was 3. And the median was 3.


ZeroFox Holdings Piotroski F-Score Historical Data

The historical data trend for ZeroFox 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.

ZeroFox Holdings Piotroski F-Score Chart

ZeroFox Holdings Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24
Piotroski F-Score
N/A N/A N/A N/A 3.00

ZeroFox Holdings Quarterly Data
Jan20 Jan21 Apr21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 4.00 N/A N/A 3.00

Competitive Comparison of ZeroFox Holdings's Piotroski F-Score

For the Software - Infrastructure subindustry, ZeroFox 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.


ZeroFox Holdings's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, ZeroFox Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ZeroFox 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 (Jan24) TTM:Last Year (Jan23) TTM:
Net Income was -17.979 + -16.836 + -86.692 + -234.803 = $-356.3 Mil.
Cash Flow from Operations was -17.917 + 0.574 + 1.794 + 3.508 = $-12.0 Mil.
Revenue was 45.534 + 62.235 + 65.023 + 60.508 = $233.3 Mil.
Gross Profit was 14.914 + 18.752 + 19.829 + 21.469 = $75.0 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was
(766.911 + 786.313 + 766.816 + 690.351 + 464.837) / 5 = $695.0456 Mil.
Total Assets at the begining of this year (Jan23) was $766.9 Mil.
Long-Term Debt & Capital Lease Obligation was $198.9 Mil.
Total Current Assets was $85.6 Mil.
Total Current Liabilities was $101.9 Mil.
Net Income was -10.203 + -11.255 + -704.158 + -16.489 = $-742.1 Mil.

Revenue was 13.591 + 15.152 + 42.989 + 45.397 = $117.1 Mil.
Gross Profit was 9.342 + 10.672 + 12.709 + 13.852 = $46.6 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was
(91.39 + 86.828 + 0 + 784.302 + 766.911) / 5 = $432.35775 Mil.
Total Assets at the begining of last year (Jan22) was $91.4 Mil.
Long-Term Debt & Capital Lease Obligation was $158.3 Mil.
Total Current Assets was $87.9 Mil.
Total Current Liabilities was $86.2 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.

ZeroFox Holdings's current Net Income (TTM) was -356.3. ==> 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.

ZeroFox Holdings's current Cash Flow from Operations (TTM) was -12.0. ==> 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 (Jan23)
=-356.31/766.911
=-0.46460411

ROA (Last Year)=Net Income/Total Assets (Jan22)
=-742.105/91.39
=-8.12019915

ZeroFox Holdings's return on assets of this year was -0.46460411. ZeroFox Holdings's return on assets of last year was -8.12019915. ==> 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.

ZeroFox Holdings's current Net Income (TTM) was -356.3. ZeroFox Holdings's current Cash Flow from Operations (TTM) was -12.0. ==> -12.0 > -356.3 ==> 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: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=198.938/695.0456
=0.28622295

Gearing (Last Year: Jan23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan22 to Jan23
=158.27/432.35775
=0.3660626

ZeroFox Holdings's gearing of this year was 0.28622295. ZeroFox Holdings's gearing of last year was 0.3660626. ==> 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: Jan24)=Total Current Assets/Total Current Liabilities
=85.625/101.88
=0.84044955

Current Ratio (Last Year: Jan23)=Total Current Assets/Total Current Liabilities
=87.914/86.171
=1.02022722

ZeroFox Holdings's current ratio of this year was 0.84044955. ZeroFox Holdings's current ratio of last year was 1.02022722. ==> 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.

ZeroFox Holdings's number of shares in issue this year was 127.265. ZeroFox Holdings's number of shares in issue last year was 116.871. ==> 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
=74.964/233.3
=0.32132019

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=46.575/117.129
=0.3976385

ZeroFox Holdings's gross margin of this year was 0.32132019. ZeroFox Holdings's gross margin of last year was 0.3976385. ==> 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 (Jan23)
=233.3/766.911
=0.3042074

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan22)
=117.129/91.39
=1.28163913

ZeroFox Holdings's asset turnover of this year was 0.3042074. ZeroFox Holdings's asset turnover of last year was 1.28163913. ==> 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
=0+0+1+1+1+0+0+0+0
=3

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

ZeroFox Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

ZeroFox Holdings  (NAS:ZFOX) 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.


ZeroFox Holdings Piotroski F-Score Related Terms

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ZeroFox Holdings (ZeroFox Holdings) Business Description

Traded in Other Exchanges
Address
1834 South Charles Street, Baltimore, MD, USA, 21230
ZeroFox Holdings Inc is a cybersecurity company. It provides external threat intelligence and protection to disrupt threats to brands, people, assets and data across the public attack surface in one, comprehensive platform. With complete global coverage across the surface, deep and dark web and an artificial intelligence-based analysis engine, the ZeroFox Platform identifies and remediates targeted phishing attacks, credential compromise, data exfiltration, brand hijacking, executive and location threats and more.
Executives
James Christopher Foster director, officer: See Remarks 1834 S. CHARLES ST., BALTIMORE MD 21230
Prestridge Iii John R officer: Chief Marketing Officer 1834 S. CHARLES ST., BALTIMORE MD 21230
Michael Morgan Price officer: Chief Technology Officer 1834 S. CHARLES ST., BALTIMORE MD 21230
Kevin T Reardon officer: Chief Operating Officer 1834 S. CHARLES ST., BALTIMORE MD 21230
Scott O'rourke officer: Chief Revenue Officer 1834 S. CHARLES ST., BALTIMORE MD 21230
Thomas P Fitzgerald officer: See Remarks 1834 S. CHARLES ST., BALTIMORE MD 21230
Timothy S Bender officer: See Remarks 1834 S. CHARLES ST., BALTIMORE MD 10020
Barbara Lynn Stewart director 5798 ANEGADA DRIVE, NAPLES FL 34113
Teresa H Shea director 105 N. OAKLAND STREET, ARLINGTON VA 22203
Paul Hooper director 3585 MONROE STREET, SANTA CLARA CA 95051
Louis Sean Cunningham director C/O FORGEPOINT, 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402
Peter J Barris director 1119 ST PAUL STREET, BALTIMORE MD 21202
Mulloy Corey director 598 GIBRALTAR DRIVE, MILPITAS CA 95035
Adam Gerchen director C/O L&F ACQUISITION CORP., 150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Highland Entrepreneurs' Fund 9 Limited Partnership 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142