KEGX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
KEGX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Key Energy Services has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Key Energy Services's Piotroski F-Score or its related term are showing as below:
The historical data trend for Key Energy Services'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.
Key Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 3.00 | 3.00 | 3.00 | 4.00 | 1.00 |
Key Energy Services Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Piotroski F-Score | Get a 7-Day Free Trial | 2.00 | 1.00 | 3.00 | 3.00 | 3.00 |
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 (Sep20) TTM: | Last Year (Sep19) TTM: |
Net Income was -30.185 + 108.994 + -19.125 + -3.896 = $55.8 Mil. Cash Flow from Operations was -12.226 + -18.43 + -19.781 + -3.455 = $-53.9 Mil. Revenue was 85.115 + 75.308 + 34.75 + 42.911 = $238.1 Mil. Gross Profit was 4.54 + 3.421 + -3.208 + 2.248 = $7.0 Mil. Average Total Assets from the begining of this year (Sep19) to the end of this year (Sep20) was (374.146 + 347.87 + 298.661 + 269.193 + 256.56) / 5 = $309.286 Mil. Total Assets at the begining of this year (Sep19) was $374.1 Mil. Long-Term Debt & Capital Lease Obligation was $56.8 Mil. Total Current Assets was $55.1 Mil. Total Current Liabilities was $61.6 Mil. |
Net Income was -23.078 + -23.441 + -18.303 + -25.489 = $-90.3 Mil. Revenue was 117.253 + 109.273 + 112.943 + 106.523 = $446.0 Mil. Gross Profit was 5.16 + 6.783 + 8.117 + 3.983 = $24.0 Mil. Average Total Assets from the begining of last year (Sep18) to the end of last year (Sep19) was (462.733 + 443.174 + 412.752 + 403.515 + 374.146) / 5 = $419.264 Mil. Total Assets at the begining of last year (Sep18) was $462.7 Mil. Long-Term Debt & Capital Lease Obligation was $243.1 Mil. Total Current Assets was $118.6 Mil. Total Current Liabilities was $94.8 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.
Key Energy Services's current Net Income (TTM) was 55.8.
==> 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.
Key Energy Services's current Cash Flow from Operations (TTM) was -53.9.
==> Negative ==> Score 0.
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 (Sep19) |
= | 55.788 | / | 374.146 | |
= | 0.14910757 |
ROA (Last Year) | = | Net Income | / | Total Assets (Sep18) |
= | -90.311 | / | 462.733 | |
= | -0.1951687 |
Key Energy Services's return on assets of this year was 0.14910757. Key Energy Services's return on assets of last year was -0.1951687.
==> 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.
Key Energy Services's current Net Income (TTM) was 55.8. Key Energy Services's current Cash Flow from Operations (TTM) was -53.9.
==> -53.9 <= 55.8 ==> CFROA <= ROA ==> Score 0.
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: Sep20) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep19 to Sep20 |
= | 56.831 | / | 309.286 | |
= | 0.18374902 |
Gearing (Last Year: Sep19) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep18 to Sep19 |
= | 243.129 | / | 419.264 | |
= | 0.57989477 |
Key Energy Services's gearing of this year was 0.18374902. Key Energy Services's gearing of last year was 0.57989477.
==> 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: Sep20) | = | Total Current Assets | / | Total Current Liabilities |
= | 55.144 | / | 61.61 | |
= | 0.8950495 |
Current Ratio (Last Year: Sep19) | = | Total Current Assets | / | Total Current Liabilities |
= | 118.562 | / | 94.807 | |
= | 1.25056167 |
Key Energy Services's current ratio of this year was 0.8950495. Key Energy Services's current ratio of last year was 1.25056167.
==> 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.
Key Energy Services's number of shares in issue this year was 13.781. Key Energy Services's number of shares in issue last year was 0.409.
==> 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 |
= | 7.001 | / | 238.084 | |
= | 0.02940559 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 24.043 | / | 445.992 | |
= | 0.05390904 |
Key Energy Services's gross margin of this year was 0.02940559. Key Energy Services's gross margin of last year was 0.05390904.
==> Last year's gross margin is higher ==> Score 0.
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 (Sep19) |
= | 238.084 | / | 374.146 | |
= | 0.63633982 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Sep18) |
= | 445.992 | / | 462.733 | |
= | 0.96382147 |
Key Energy Services's asset turnover of this year was 0.63633982. Key Energy Services's asset turnover of last year was 0.96382147.
==> 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 | + | 0 | + | 1 | + | 0 | + | 1 | + | 0 | + | 0 | + | 0 | + | 0 | |
= | 3 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Key Energy Services has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Key Energy Services (OTCPK:KEGX) 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.
Thank you for viewing the detailed overview of Key Energy Services's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Louis Coale | officer: VP and Controller | 41 ROLLING LINKS SPRING TX 77386 |
Nelson Haight | officer: Chief Financial Officer | 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027 |
Marcus C Rowland | director | 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024 |
Alan B. Menkes | director | 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079 |
Katherine Hargis | officer: VP, CLO and Secretary | 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010 |
Sherman Iii Edmiston | director | ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141 |
Wommack H H Iii | director | SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
J Marshall Dodson | officer: President, CEO, Interim CFO | C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Blackrock Inc. | 10 percent owner | 50 HUDSON YARDS, NEW YORK NY 10001 |
Bluemountain Capital Management, Llc | 10 percent owner | 280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Bluemountain Gp Holdings, Llc | 10 percent owner | 280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017 |
Blue Mountain Credit Alternatives Master Fund L.p. | 10 percent owner | C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017 |
From GuruFocus
By Marketwired Marketwired • 06-29-2019
By Marketwired Marketwired • 10-25-2018
By Marketwired Marketwired • 08-07-2020
By Marketwired Marketwired • 01-27-2020
By Marketwired Marketwired • 06-16-2020
By Marketwired Marketwired • 08-20-2018
By Marketwired Marketwired • 09-21-2021
By Marketwired Marketwired • 11-01-2019
By GlobeNewswire GlobeNewswire • 11-27-2019
By Marketwired Marketwired • 09-25-2018
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.