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PJSC TNS Energo Kuban (MIC:KBSB) Piotroski F-Score : N/A (As of May. 07, 2024)


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What is PJSC TNS Energo Kuban 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

PJSC TNS Energo Kuban 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 PJSC TNS Energo Kuban's Piotroski F-Score or its related term are showing as below:

During the past 13 years, the highest Piotroski F-Score of PJSC TNS Energo Kuban was 5. The lowest was 1. And the median was 5.


PJSC TNS Energo Kuban Piotroski F-Score Historical Data

The historical data trend for PJSC TNS Energo Kuban'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.

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PJSC TNS Energo Kuban Piotroski F-Score Chart

PJSC TNS Energo Kuban 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 3.00 1.00 N/A N/A

PJSC TNS Energo Kuban Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 N/A N/A N/A N/A N/A

Competitive Comparison of PJSC TNS Energo Kuban's Piotroski F-Score

For the Utilities - Regulated Electric subindustry, PJSC TNS Energo Kuban'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.


PJSC TNS Energo Kuban's Piotroski F-Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PJSC TNS Energo Kuban's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PJSC TNS Energo Kuban'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 429.925 + 1485.494 + 3915.665 + -2429.316 = ₽3,402 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₽0 Mil.
Revenue was 21731.218 + 16951.282 + 22080.226 + 19434.258 = ₽80,197 Mil.
Gross Profit was 10987.563 + -7081.93 + 27504.522 + 10247.399 = ₽41,658 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(12766.825 + 12993.529 + 12953.702 + 17605.742 + 13965.415) / 5 = ₽14057.0426 Mil.
Total Assets at the begining of this year (Dec22) was ₽12,767 Mil.
Long-Term Debt & Capital Lease Obligation was ₽0 Mil.
Total Current Assets was ₽6,575 Mil.
Total Current Liabilities was ₽8,319 Mil.
Net Income was 32.5 + -202.867 + 506.154 + 125.52 = ₽461 Mil.

Revenue was 19049.286 + 14441.091 + 19051.699 + 18718.217 = ₽71,260 Mil.
Gross Profit was 8675.352 + -6871.006 + 23450.72 + 9290.531 = ₽34,546 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(0 + 0 + 0 + 0 + 12766.825) / 5 = ₽12766.825 Mil.
Total Assets at the begining of last year (Dec21) was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽0 Mil.
Total Current Assets was ₽9,304 Mil.
Total Current Liabilities was ₽10,051 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.

PJSC TNS Energo Kuban's current Net Income (TTM) was 3,402. ==> 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.

PJSC TNS Energo Kuban's current Cash Flow from Operations (TTM) was 0. ==> 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 (Dec22)
=3401.768/12766.825
=0.26645372

ROA (Last Year)=Net Income/Total Assets (Dec21)
=461.307/0
=

PJSC TNS Energo Kuban's return on assets of this year was 0.26645372. PJSC TNS Energo Kuban's return on assets of last year was . ==> 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.

PJSC TNS Energo Kuban's current Net Income (TTM) was 3,402. PJSC TNS Energo Kuban's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 3,402 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/14057.0426
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/12766.825
=0

PJSC TNS Energo Kuban's gearing of this year was 0. PJSC TNS Energo Kuban's gearing of last year was 0. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=6575.472/8318.98
=0.79041806

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=9304.097/10050.707
=0.92571567

PJSC TNS Energo Kuban's current ratio of this year was 0.79041806. PJSC TNS Energo Kuban's current ratio of last year was 0.92571567. ==> 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.

PJSC TNS Energo Kuban's number of shares in issue this year was 17.869. PJSC TNS Energo Kuban's number of shares in issue last year was 17.869. ==> 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
=41657.554/80196.984
=0.51944041

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=34545.597/71260.293
=0.48478045

PJSC TNS Energo Kuban's gross margin of this year was 0.51944041. PJSC TNS Energo Kuban's gross margin of last year was 0.48478045. ==> 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 (Dec22)
=80196.984/12766.825
=6.28167019

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=71260.293/0
=

PJSC TNS Energo Kuban's asset turnover of this year was 6.28167019. PJSC TNS Energo Kuban's asset turnover of last year was . ==> 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+0+1+0+1+0+1+1+1
=6

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

PJSC TNS Energo Kuban has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PJSC TNS Energo Kuban  (MIC:KBSB) 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.


PJSC TNS Energo Kuban Piotroski F-Score Related Terms

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PJSC TNS Energo Kuban (MIC:KBSB) Business Description

Traded in Other Exchanges
N/A
Address
Gimnazicheskaya street, building 55/1, Moscow, RUS, 127006
PJSC TNS Energo Kuban is engaged in the purchase and sale of electricity in wholesale and retail markets.

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