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FSTR (L.B. Foster Co) Piotroski F-Score : 7 (As of Oct. 31, 2024)


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What is L.B. Foster Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

L.B. Foster Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for L.B. Foster Co's Piotroski F-Score or its related term are showing as below:

FSTR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of L.B. Foster Co was 7. The lowest was 2. And the median was 5.


L.B. Foster Co Piotroski F-Score Historical Data

The historical data trend for L.B. Foster Co'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.

L.B. Foster Co Piotroski F-Score Chart

L.B. Foster Co 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 5.00 3.00 7.00

L.B. Foster Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.00 7.00 7.00 7.00

Competitive Comparison of L.B. Foster Co's Piotroski F-Score

For the Railroads subindustry, L.B. Foster Co'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.


L.B. Foster Co's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, L.B. Foster Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where L.B. Foster Co'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 0.515 + -0.43 + 4.436 + 2.847 = $7.4 Mil.
Cash Flow from Operations was 18.643 + 22.066 + -21.864 + -4.954 = $13.9 Mil.
Revenue was 145.345 + 134.877 + 124.32 + 140.796 = $545.3 Mil.
Gross Profit was 28.224 + 29.043 + 26.249 + 30.523 = $114.0 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(351.568 + 334.591 + 313.206 + 326.401 + 333.261) / 5 = $331.8054 Mil.
Total Assets at the begining of this year (Jun23) was $351.6 Mil.
Long-Term Debt & Capital Lease Obligation was $97.5 Mil.
Total Current Assets was $191.5 Mil.
Total Current Liabilities was $80.4 Mil.
Net Income was -2.077 + -43.931 + -2.152 + 3.531 = $-44.6 Mil.

Revenue was 130.015 + 137.173 + 115.488 + 148.034 = $530.7 Mil.
Gross Profit was 23.097 + 26.774 + 23.291 + 32.252 = $105.4 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(365.422 + 413.192 + 365.31 + 336.378 + 351.568) / 5 = $366.374 Mil.
Total Assets at the begining of last year (Jun22) was $365.4 Mil.
Long-Term Debt & Capital Lease Obligation was $102.1 Mil.
Total Current Assets was $203.8 Mil.
Total Current Liabilities was $91.6 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.

L.B. Foster Co's current Net Income (TTM) was 7.4. ==> 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.

L.B. Foster Co's current Cash Flow from Operations (TTM) was 13.9. ==> 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 (Jun23)
=7.368/351.568
=0.02095754

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-44.629/365.422
=-0.12213003

L.B. Foster Co's return on assets of this year was 0.02095754. L.B. Foster Co's return on assets of last year was -0.12213003. ==> 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.

L.B. Foster Co's current Net Income (TTM) was 7.4. L.B. Foster Co's current Cash Flow from Operations (TTM) was 13.9. ==> 13.9 > 7.4 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=97.503/331.8054
=0.29385598

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=102.072/366.374
=0.27860056

L.B. Foster Co's gearing of this year was 0.29385598. L.B. Foster Co's gearing of last year was 0.27860056. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=191.469/80.429
=2.38059655

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=203.773/91.641
=2.22360079

L.B. Foster Co's current ratio of this year was 2.38059655. L.B. Foster Co's current ratio of last year was 2.22360079. ==> 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.

L.B. Foster Co's number of shares in issue this year was 11.06. L.B. Foster Co's number of shares in issue last year was 10.878. ==> 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
=114.039/545.338
=0.20911618

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=105.414/530.71
=0.19862825

L.B. Foster Co's gross margin of this year was 0.20911618. L.B. Foster Co's gross margin of last year was 0.19862825. ==> 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 (Jun23)
=545.338/351.568
=1.55115938

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=530.71/365.422
=1.45232088

L.B. Foster Co's asset turnover of this year was 1.55115938. L.B. Foster Co's asset turnover of last year was 1.45232088. ==> 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+0+1+0+1+1
=7

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

L.B. Foster Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

L.B. Foster Co  (NAS:FSTR) 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.


L.B. Foster Co Piotroski F-Score Related Terms

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L.B. Foster Co Business Description

Traded in Other Exchanges
Address
415 Holiday Drive, Suite 100, Pittsburgh, PA, USA, 15220
L.B. Foster Co is a us-based firm engaged in the manufacturing, fabrication, and distribution of products and services, especially for the rail, construction, energy, and utility industries. The company operates its business through three segments: Rail Technologies and Services; Precast Concrete Products and Steel Products and Measurement. Its principal business activity involves providing new and used rail, trackwork, and accessories, producing concrete railroad ties, insulated rail joints, power rail, track fasteners, cover boards, and sales of sells and rents steel sheet piling, H-bearing pile, and other piling products for foundation and earth retention requirements. It generates the majority of its revenues from the Rail Technologies and Services segment.
Executives
Raymond T Betler director 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
William M Thalman officer: Senior VP & CFO C/O LB FOSTER COMPANY, 415 HOLIDAY DRIVE, PITTSBURGH PA 15220
Brian Hunter Friedman officer: VP, Steel Prods. & Measurement 415 HOLIDAY DRIVE, SUITE 100, PITTSBURGH PA 15220
Sean M Reilly officer: Controller TOLLGRADE COMMUNICATIONS INC, 493 NIXON RD., CHESWICK PA 15024
Janet Lee director 2600 ANSYS DRIVE, CANONSBURG PA 15317
Diane B Owen director
Dirk Junge director 165 TOWNSHIP LINE RD, JENKINTOWN PA 19046
John E Kunz director 522 N. MACEWEN DRIVE, OSPREY FL 34229
Bruce Ernest Thompson director C/O L.B. FOSTER COMPANY, 415 HOLIDAY DRIVE, SUITE 100, PITTSBURGH PA 15220
Alexander B Jones other: See Explanation of Responses 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Aron R. English 10 percent owner 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw Gp, Inc. 10 percent owner 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Bryson Hirai-hadley other: See Explanation of Responses 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw Fund, Lp 10 percent owner 1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw, Lp 10 percent owner 590 1ST AVE S, UNIT C1, SEATTLE WA 98104