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JOE (The St. Joe Co) Piotroski F-Score : 6 (As of Oct. 31, 2024)


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What is The St. Joe Co 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

The St. Joe Co 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 The St. Joe Co's Piotroski F-Score or its related term are showing as below:

JOE' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of The St. Joe Co was 8. The lowest was 2. And the median was 6.


The St. Joe Co Piotroski F-Score Historical Data

The historical data trend for The St. Joe 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.

The St. Joe Co Piotroski F-Score Chart

The St. Joe 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 5.00 6.00 5.00 3.00 6.00

The St. Joe Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.00 6.00 8.00 7.00 6.00

Competitive Comparison of The St. Joe Co's Piotroski F-Score

For the Real Estate - Diversified subindustry, The St. Joe 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.


The St. Joe Co's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The St. Joe Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where The St. Joe 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 13.185 + 13.915 + 24.518 + 16.835 = $68.5 Mil.
Cash Flow from Operations was 11.563 + 27.608 + 22.815 + 27.729 = $89.7 Mil.
Revenue was 86.738 + 87.787 + 111.606 + 99.011 = $385.1 Mil.
Gross Profit was 39.551 + 34.236 + 48.571 + 37.65 = $160.0 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1542.106 + 1523.53 + 1537.658 + 1550.442 + 1545.571) / 5 = $1539.8614 Mil.
Total Assets at the begining of this year (Sep23) was $1,542.1 Mil.
Long-Term Debt & Capital Lease Obligation was $622.4 Mil.
Total Current Assets was $156.2 Mil.
Total Current Liabilities was $106.0 Mil.
Net Income was 28.129 + 10.39 + 34.727 + 19.409 = $92.7 Mil.

Revenue was 61.624 + 72.991 + 128.167 + 101.39 = $364.2 Mil.
Gross Profit was 26.661 + 24.347 + 55.533 + 35.375 = $141.9 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1339.54 + 1430.839 + 1466.259 + 1522.101 + 1542.106) / 5 = $1460.169 Mil.
Total Assets at the begining of last year (Sep22) was $1,339.5 Mil.
Long-Term Debt & Capital Lease Obligation was $627.8 Mil.
Total Current Assets was $169.1 Mil.
Total Current Liabilities was $134.6 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.

The St. Joe Co's current Net Income (TTM) was 68.5. ==> 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.

The St. Joe Co's current Cash Flow from Operations (TTM) was 89.7. ==> 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 (Sep23)
=68.453/1542.106
=0.0443893

ROA (Last Year)=Net Income/Total Assets (Sep22)
=92.655/1339.54
=0.06916927

The St. Joe Co's return on assets of this year was 0.0443893. The St. Joe Co's return on assets of last year was 0.06916927. ==> 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.

The St. Joe Co's current Net Income (TTM) was 68.5. The St. Joe Co's current Cash Flow from Operations (TTM) was 89.7. ==> 89.7 > 68.5 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=622.376/1539.8614
=0.40417664

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=627.815/1460.169
=0.4299605

The St. Joe Co's gearing of this year was 0.40417664. The St. Joe Co's gearing of last year was 0.4299605. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=156.225/105.995
=1.47389028

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=169.077/134.56
=1.25651754

The St. Joe Co's current ratio of this year was 1.47389028. The St. Joe Co's current ratio of last year was 1.25651754. ==> 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.

The St. Joe Co's number of shares in issue this year was 58.354. The St. Joe Co's number of shares in issue last year was 58.335. ==> 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
=160.008/385.142
=0.41545196

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=141.916/364.172
=0.38969498

The St. Joe Co's gross margin of this year was 0.41545196. The St. Joe Co's gross margin of last year was 0.38969498. ==> 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 (Sep23)
=385.142/1542.106
=0.24975067

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=364.172/1339.54
=0.27186348

The St. Joe Co's asset turnover of this year was 0.24975067. The St. Joe Co's asset turnover of last year was 0.27186348. ==> 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+1+0+1+0
=6

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

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

The St. Joe Co  (NYSE:JOE) 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.


The St. Joe Co Piotroski F-Score Related Terms

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The St. Joe Co Business Description

Traded in Other Exchanges
Address
130 Richard Jackson Boulevard, Suite 200, Panama City Beach, FL, USA, 32407
The St. Joe Co is a real estate development, asset management, and operating company and it has three operating segments; the Residential segment plans and develops residential communities and sells homesites to homebuilders or retail consumers, the Hospitality segment features a private membership club (the Watersound Club), hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets, and Commercial segment include leasing of commercial property, multi-family, senior living, self-storage, and other assets and it also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
Executives
Fairholme Funds Inc 10 percent owner 5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
Jorge Luis Gonzalez officer: Sr Vice President-Development 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32461
Marek Bakun officer: Chief Financial Officer 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Elizabeth J Walters officer: SVP, GC & Corporate Secretary 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32641
Rhea Goff officer: SVP & Chief Admin. Officer 133 S WATERSOUND PARKWAY, WATERSOUND FL 32461
Howard S Frank director
Kenneth Borick officer: SVP, General Counsel 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Cesar L Alvarez director C/O PEDIATRIX MEDICAL GROUP, LEGAL DEPT 1301- CONCORD TERRACE, SUNRISE FL 33323
Patrick Wayne Murphy officer: SVP, Operations 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Fairholme Capital Management Llc 10 percent owner 5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
James S Hunt director 300 N. BEACH STREET, DAYTONA BEACH FL 32114
Susan D Mermer officer: Chief Accounting Officer 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Vito S Portera director 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
David Harrelson officer: Vice President, Timberland 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Joanne Kay Viard officer: Chief Accounting Officer 133 S. WATERSOUND PARKWAY, WATERSOUND FL 32413