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KBR (KBR) Piotroski F-Score : 7 (As of Oct. 31, 2024)


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What is KBR 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

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

KBR' 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 KBR was 8. The lowest was 2. And the median was 5.


KBR Piotroski F-Score Historical Data

The historical data trend for KBR'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.

KBR Piotroski F-Score Chart

KBR 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 4.00 4.00 7.00 6.00 6.00

KBR 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 5.00 6.00 6.00 7.00 7.00

Competitive Comparison of KBR's Piotroski F-Score

For the Engineering & Construction subindustry, KBR'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.


KBR's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, KBR's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where KBR'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 21 + 93 + 106 + 100 = $320 Mil.
Cash Flow from Operations was 83 + 91 + 170 + 161 = $505 Mil.
Revenue was 1730 + 1818 + 1855 + 1947 = $7,350 Mil.
Gross Profit was 237 + 248 + 271 + 291 = $1,047 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(5973 + 5565 + 5623 + 5764 + 6781) / 5 = $5941.2 Mil.
Total Assets at the begining of this year (Sep23) was $5,973 Mil.
Long-Term Debt & Capital Lease Obligation was $2,796 Mil.
Total Current Assets was $1,961 Mil.
Total Current Liabilities was $1,827 Mil.
Net Income was 93 + 86 + -351 + -21 = $-193 Mil.

Revenue was 1608 + 1703 + 1753 + 1770 = $6,834 Mil.
Gross Profit was 206 + 245 + 251 + 244 = $946 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(5354 + 5566 + 5736 + 6287 + 5973) / 5 = $5783.2 Mil.
Total Assets at the begining of last year (Sep22) was $5,354 Mil.
Long-Term Debt & Capital Lease Obligation was $1,694 Mil.
Total Current Assets was $2,092 Mil.
Total Current Liabilities was $2,127 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.

KBR's current Net Income (TTM) was 320. ==> 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.

KBR's current Cash Flow from Operations (TTM) was 505. ==> 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)
=320/5973
=0.05357442

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-193/5354
=-0.03604781

KBR's return on assets of this year was 0.05357442. KBR's return on assets of last year was -0.03604781. ==> 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.

KBR's current Net Income (TTM) was 320. KBR's current Cash Flow from Operations (TTM) was 505. ==> 505 > 320 ==> 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
=2796/5941.2
=0.470612

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1694/5783.2
=0.29291742

KBR's gearing of this year was 0.470612. KBR's gearing of last year was 0.29291742. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=1961/1827
=1.07334428

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=2092/2127
=0.9835449

KBR's current ratio of this year was 1.07334428. KBR's current ratio of last year was 0.9835449. ==> 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.

KBR's number of shares in issue this year was 133. KBR's number of shares in issue last year was 135. ==> 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
=1047/7350
=0.14244898

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=946/6834
=0.13842552

KBR's gross margin of this year was 0.14244898. KBR's gross margin of last year was 0.13842552. ==> 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)
=7350/5973
=1.23053742

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=6834/5354
=1.27642884

KBR's asset turnover of this year was 1.23053742. KBR's asset turnover of last year was 1.27642884. ==> 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+1+1+0+1+1+1+0
=7

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

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

KBR  (NYSE:KBR) 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.


KBR Piotroski F-Score Related Terms

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KBR Business Description

Traded in Other Exchanges
Address
601 Jefferson Street, Suite 3400, Houston, TX, USA, 77002
KBR (formerly Kellogg, Brown & Root) is global provider of technology, integrated engineering, procurement, and construction delivery, and operations and maintenance services. The company's business is organized into two segments: government solutions and sustainable technology solutions. KBR has operations in over 30 countries, and employs approximately 34,000 people. The firm generated $7 billion in revenue in 2023.
Executives
Jalal Ibrahim officer: President E&C (MENA) 601 JEFFERSON STREET, HOUSTON TX 77002
Sonia Galindo officer: EVP, Gen. Counsel & Corp. Sec. C/O ROSETTA STONE, 1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Jennifer Myles officer: EVP, Chief People Officer 601 JEFFERSON STREET, HOUSTON TX 77002
Mark W Sopp officer: EVP & Chief Financial Officer 601 JEFFERSON STREET, SUITE 3400, HOUSTON TX 77002
Bright William Byron Jr. officer: President Gov't Solutions US 601 JEFFERSON STREET, HOUSTON TX 77002
Paul Emmanuel Kahn officer: President Gov't Solutions Intl 601 JEFFERSON STREET, HOUSTON TX 77002
Stuart Bradie director, officer: President and CEO 601 JEFFERSON ST, HOUSTON TX 77002
Shad E. Evans officer: SVP of Finance Ops and CAO 601 JEFFERSON STREET, HOUSTON TX 77002
Manzoni John Alexander Kcb director 601 JEFFERSON STREET, HOUSTON TX 77002
Vincent R. Stewart director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Carlos A. Sabater director 1140 ALFONSO AVENUE, CORAL GABLES FL 33146
Lynn A Dugle director 4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Lester L Lyles director C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432
Douglas Nick Kelly officer: President-Technology Solutions 601 JEFFERSON STREET, SUITE 3400, HOUSTON TX 77002
Gregory Sean Conlon officer: President E&C APAC 601 JEFFERSON STREET, HOUSTON TX 77002