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Genesee & Wyoming (Genesee & Wyoming) Piotroski F-Score : 7 (As of May. 05, 2024)


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What is Genesee & Wyoming Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicating 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

Genesee & Wyoming 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 Genesee & Wyoming's Piotroski F-Score or its related term are showing as below:

GWR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Genesee & Wyoming was 8. The lowest was 2. And the median was 5.


Genesee & Wyoming Piotroski F-Score Historical Data

The historical data trend for Genesee & Wyoming'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.

Genesee & Wyoming Piotroski F-Score Chart

Genesee & Wyoming Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 4.00 6.00 6.00

Genesee & Wyoming Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 6.00 6.00 6.00 7.00 7.00

Competitive Comparison of Genesee & Wyoming's Piotroski F-Score

For the Railroads subindustry, Genesee & Wyoming'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.


Genesee & Wyoming's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Genesee & Wyoming's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Genesee & Wyoming'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 (Sep19) TTM:Last Year (Sep18) TTM:
Net Income was 55.562 + 38.706 + 51.441 + 66.792 = $213 Mil.
Cash Flow from Operations was 155.619 + 103.389 + 119.732 + 161.08 = $540 Mil.
Revenue was 575.595 + 558.089 + 571.48 + 583.694 = $2,289 Mil.
Gross Profit was 147.497 + 127.853 + 146.225 + 166.159 = $588 Mil.
Average Total Assets from the begining of this year (Sep18)
to the end of this year (Sep19) was
(7903.998 + 7868.461 + 8381.808 + 8364.189 + 8284.379) / 5 = $8160.567 Mil.
Total Assets at the begining of this year (Sep18) was $7,904 Mil.
Long-Term Debt & Capital Lease Obligation was $2,177 Mil.
Total Current Assets was $619 Mil.
Total Current Liabilities was $563 Mil.
Net Income was 426.566 + 75.098 + 44.168 + 69.59 = $615 Mil.

Revenue was 571.576 + 574.661 + 594.99 + 603.304 = $2,345 Mil.
Gross Profit was 147.88 + 124.934 + 150.214 + 168.98 = $592 Mil.
Average Total Assets from the begining of last year (Sep17)
to the end of last year (Sep18) was
(8029.168 + 8034.897 + 8070.776 + 7920.485 + 7903.998) / 5 = $7991.8648 Mil.
Total Assets at the begining of last year (Sep17) was $8,029 Mil.
Long-Term Debt & Capital Lease Obligation was $2,301 Mil.
Total Current Assets was $622 Mil.
Total Current Liabilities was $468 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.

Genesee & Wyoming's current Net Income (TTM) was 213. ==> 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.

Genesee & Wyoming's current Cash Flow from Operations (TTM) was 540. ==> 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 (Sep18)
=212.501/7903.998
=0.02688525

ROA (Last Year)=Net Income/Total Assets (Sep17)
=615.422/8029.168
=0.07664829

Genesee & Wyoming's return on assets of this year was 0.02688525. Genesee & Wyoming's return on assets of last year was 0.07664829. ==> 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.

Genesee & Wyoming's current Net Income (TTM) was 213. Genesee & Wyoming's current Cash Flow from Operations (TTM) was 540. ==> 540 > 213 ==> 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: Sep19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep18 to Sep19
=2176.563/8160.567
=0.26671713

Gearing (Last Year: Sep18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep17 to Sep18
=2300.556/7991.8648
=0.28786223

Genesee & Wyoming's gearing of this year was 0.26671713. Genesee & Wyoming's gearing of last year was 0.28786223. ==> 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: Sep19)=Total Current Assets/Total Current Liabilities
=618.725/563.243
=1.09850455

Current Ratio (Last Year: Sep18)=Total Current Assets/Total Current Liabilities
=621.981/467.688
=1.32990583

Genesee & Wyoming's current ratio of this year was 1.09850455. Genesee & Wyoming's current ratio of last year was 1.32990583. ==> 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.

Genesee & Wyoming's number of shares in issue this year was 57.532. Genesee & Wyoming's number of shares in issue last year was 60.131. ==> 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
=587.734/2288.858
=0.25678046

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=592.008/2344.531
=0.25250594

Genesee & Wyoming's gross margin of this year was 0.25678046. Genesee & Wyoming's gross margin of last year was 0.25250594. ==> 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 (Sep18)
=2288.858/7903.998
=0.28958231

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep17)
=2344.531/8029.168
=0.29200174

Genesee & Wyoming's asset turnover of this year was 0.28958231. Genesee & Wyoming's asset turnover of last year was 0.29200174. ==> 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
=1+1+0+1+1+0+1+1+0
=6

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

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

Genesee & Wyoming  (NYSE:GWR) 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.


Genesee & Wyoming Piotroski F-Score Related Terms

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Genesee & Wyoming (Genesee & Wyoming) Business Description

Traded in Other Exchanges
N/A
Address
20 West Avenue, Darien, CT, USA, 06820
Genesee & Wyoming manages one of the largest portfolios of short-line/regional freight railroads in North America. About 58% of revenue comes from its core North American short-line business, while its rail lines in Australia make up 14%. Roughly 28% comes from its Europe/U.K. division, which includes its European heavy haul and intermodal operations (Freightliner) that were acquired in early 2015.
Executives
Albert J Neupaver director
Hunter C Smith director C/O GENESEE & WYOMING INC., 20 WEST AVENUE, DARIEN CT 06820
Richard Harold Bott director 34 ISLAND DRIVE, RYE NY 10580
J H Pyne director
Oivind Lorentzen director C/O SEACOR SMIT, INC., 460 PARK AVENUE 12TH FLOOR, NEW YORK NY 10022
Mark A Scudder director 411 S. 13TH STREET, SUITE 200, LINCOLN NE 68508
Cynthia Lynn Hostetler director C/O EDGEN MURRAY CORPORATION, 18444 HIGHLAND ROAD, BATON ROUGE LA 70809
Ann N Reese director C/O GENESEE & WYOMING INC., 66 FIELD POINT ROAD, GREENWICH CT 06901
David A Brown officer: Chief Operating Officer GENESEE & WYOMING INC., 66 FIELD POINT ROAD, GREENWICH CT 06830
Hans Michael Norkus director OVERLAND STORAGE, INC., 4820 OVERLAND AVENUE, SAN DIEGO CA 92123
Robert M Melzer director 61 MONMOUTH ST., ., BROOKLINE MA 02446-5605
Tc Group V, L.l.c. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVE., N.W., SUITE 220S, WASHINGTON DC 20004
Tc Group Cayman Investment Holdings, L.p. 10 percent owner C/O WALKERS CORPORATE SERVICES LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9001
Carlyle Group Inc. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Carlyle Holdings Ii L.l.c. 10 percent owner C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505