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Angi (ANGI) Piotroski F-Score : 6 (As of May. 21, 2024)


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What is Angi 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

Angi 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 Angi's Piotroski F-Score or its related term are showing as below:

ANGI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Angi was 8. The lowest was 3. And the median was 5.


Angi Piotroski F-Score Historical Data

The historical data trend for Angi'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.

Angi Piotroski F-Score Chart

Angi 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 6.00 5.00 3.00 3.00 6.00

Angi Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.00 4.00 5.00 6.00 6.00

Competitive Comparison of Angi's Piotroski F-Score

For the Internet Content & Information subindustry, Angi'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.


Angi's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Angi's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Angi'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was -14.699 + -5.356 + -5.56 + -1.631 = $-27 Mil.
Cash Flow from Operations was 56.607 + 11.019 + 5.386 + 22.296 = $95 Mil.
Revenue was 375.068 + 371.837 + 219.436 + 305.39 = $1,272 Mil.
Gross Profit was 343.406 + 343.1 + 259.329 + 292.893 = $1,239 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(1888.905 + 1902.218 + 1905.759 + 1856.215 + 1834.975) / 5 = $1877.6144 Mil.
Total Assets at the begining of this year (Mar23) was $1,889 Mil.
Long-Term Debt & Capital Lease Obligation was $496 Mil.
Total Current Assets was $482 Mil.
Total Current Liabilities was $242 Mil.
Net Income was -24.232 + -17.479 + -53.348 + -15.325 = $-110 Mil.

Revenue was 515.782 + 498.036 + 314.378 + 355.497 = $1,684 Mil.
Gross Profit was 388.011 + 388.979 + 312.808 + 338.56 = $1,428 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(2004.823 + 2017.515 + 1968.159 + 1907.778 + 1888.905) / 5 = $1957.436 Mil.
Total Assets at the begining of last year (Mar22) was $2,005 Mil.
Long-Term Debt & Capital Lease Obligation was $495 Mil.
Total Current Assets was $486 Mil.
Total Current Liabilities was $270 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.

Angi's current Net Income (TTM) was -27. ==> 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.

Angi's current Cash Flow from Operations (TTM) was 95. ==> 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 (Mar23)
=-27.246/1888.905
=-0.01442423

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-110.384/2004.823
=-0.05505922

Angi's return on assets of this year was -0.01442423. Angi's return on assets of last year was -0.05505922. ==> 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.

Angi's current Net Income (TTM) was -27. Angi's current Cash Flow from Operations (TTM) was 95. ==> 95 > -27 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=496.241/1877.6144
=0.26429335

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=495.469/1957.436
=0.25312143

Angi's gearing of this year was 0.26429335. Angi's gearing of last year was 0.25312143. ==> Last year is lower than this year ==> Score 0.

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: Mar24)=Total Current Assets/Total Current Liabilities
=481.809/242.224
=1.98910513

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=486.332/270.136
=1.8003228

Angi's current ratio of this year was 1.98910513. Angi's current ratio of last year was 1.8003228. ==> This year's current ratio is higher. ==> Score 1.

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.

Angi's number of shares in issue this year was 502.627. Angi's number of shares in issue last year was 505.033. ==> 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
=1238.728/1271.731
=0.97404876

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1428.358/1683.693
=0.84834824

Angi's gross margin of this year was 0.97404876. Angi's gross margin of last year was 0.84834824. ==> 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 (Mar23)
=1271.731/1888.905
=0.67326361

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1683.693/2004.823
=0.83982127

Angi's asset turnover of this year was 0.67326361. Angi's asset turnover of last year was 0.83982127. ==> 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+1+1+1+0+1+1+1+0
=6

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

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

Angi  (NAS:ANGI) 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.


Angi Piotroski F-Score Related Terms

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Angi (ANGI) Business Description

Traded in Other Exchanges
Address
3601 Walnut Street, Denver, CO, USA, 80205
Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has four operating segments: (i) Ads and Leads; (ii) Services; (iii) Roofing; and (iv) International (Europe and Canada). Majority of the revenue is earned from United States.
Executives
Kulesh Shanmugasundaram officer: Chief Technology Officer C/O ANGI INC., 3601 WALNUT STREET, SUITE 700, DENVER CO 80205
Pickett Thomas Corning Jr director 1315 ELDER AVENUE, MENLO PARK CA 94025
David Elias Fleischman officer: Chief Product Officer C/O ANGI INC., 3601 WALNUT STREET, SUITE 700, DENVER CO 80205
Hicks Bowman Angela R. director C/O ANGIE'S LIST, INC., 1030 E. WASHINGTON STREET, INDIANAPOLIS IN 46202
Andrew Russakoff officer: CFO C/O ANGI INC., 3601 WALNUT STREET, SUITE 700, DENVER CO 80205
Jeremy Philips director C/O TRIPADVISOR, INC., 141 NEEDHAM STREET, NEWTON MA 02464
Sandra Hurse director C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Umang Dua officer: CRO - Services C/O ANGI INC., 3601 WALNUT STREET, SUITE 700, DENVER CO 80205
Bryan Ellis officer: CRO - Ads and Leads C/O ANGI INC., 3601 WALNUT STREET, SUITE 700, DENVER CO 80205
Dhanusha Sivajee officer: CMO 600 EAST SECOND STREET, MUSCATINE IA 52761
Jeffrey W Pedersen officer: CFO C/O ANGI INC., 3601 WALNUT STREET, SUITE 700, DENVER CO 80205
Allison Lowrie officer: CMO C/O ANGI HOMESERVICES INC., 14023 DENVER WEST PARKWAY, BLDG 64, GOLDEN CO 80401
Kendall Handler director IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Oisin Hanrahan officer: CPO ANGI HOMESERVICES INC., 3601 WALNUT STREET, DENVER CO 80205
Craig M. Smith officer: President & COO C/O ANGI HOMESERVICES INC., 14023 DENVER WEST PARKWAY, BLDG 64, GOLDEN CO 80401