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PT Unilever Indonesia Tbk (PT Unilever Indonesia Tbk) Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

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

PT Unilever Indonesia Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for PT Unilever Indonesia Tbk's Piotroski F-Score or its related term are showing as below:

UNLRY' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of PT Unilever Indonesia Tbk was 7. The lowest was 5. And the median was 7.


PT Unilever Indonesia Tbk Piotroski F-Score Historical Data

The historical data trend for PT Unilever Indonesia Tbk'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.

PT Unilever Indonesia Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 5.00 7.00 6.00

PT Unilever Indonesia Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 7.00 6.00 5.00 6.00 6.00

Competitive Comparison

For the Household & Personal Products subindustry, PT Unilever Indonesia Tbk'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.


PT Unilever Indonesia Tbk Piotroski F-Score Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Unilever Indonesia Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Unilever Indonesia Tbk'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 93.3 + 90.11 + 92.077 + 39.704 = $315 Mil.
Cash Flow from Operations was 71.862 + 165.785 + 109.217 + 119.935 = $467 Mil.
Revenue was 704.08 + 644.691 + 657.85 + 525.794 = $2,532 Mil.
Gross Profit was 347.228 + 325.255 + 332.132 + 254.321 = $1,259 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1164.46 + 1298.528 + 1327.816 + 1218.883 + 1080.96) / 5 = $1218.1294 Mil.
Total Assets at the begining of this year (Dec22) was $1,164 Mil.
Long-Term Debt & Capital Lease Obligation was $35 Mil.
Total Current Assets was $402 Mil.
Total Current Liabilities was $728 Mil.
Net Income was 140.86 + 94.877 + 77.494 + 47.885 = $361 Mil.

Revenue was 755.317 + 715.608 + 660.845 + 615.32 = $2,747 Mil.
Gross Profit was 367.482 + 341.603 + 301.716 + 261.875 = $1,273 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(1336.36 + 1421.207 + 1491.391 + 1327.58 + 1164.46) / 5 = $1348.1996 Mil.
Total Assets at the begining of last year (Dec21) was $1,336 Mil.
Long-Term Debt & Capital Lease Obligation was $41 Mil.
Total Current Assets was $481 Mil.
Total Current Liabilities was $791 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.

PT Unilever Indonesia Tbk's current Net Income (TTM) was 315. ==> 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.

PT Unilever Indonesia Tbk's current Cash Flow from Operations (TTM) was 467. ==> 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 (Dec22)
=315.191/1164.46
=0.27067568

ROA (Last Year)=Net Income/Total Assets (Dec21)
=361.116/1336.36
=0.27022359

PT Unilever Indonesia Tbk's return on assets of this year was 0.27067568. PT Unilever Indonesia Tbk's return on assets of last year was 0.27022359. ==> 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.

PT Unilever Indonesia Tbk's current Net Income (TTM) was 315. PT Unilever Indonesia Tbk's current Cash Flow from Operations (TTM) was 467. ==> 467 > 315 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=35.11/1218.1294
=0.02882288

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=41.218/1348.1996
=0.03057262

PT Unilever Indonesia Tbk's gearing of this year was 0.02882288. PT Unilever Indonesia Tbk's gearing of last year was 0.03057262. ==> 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
=401.65/728.073
=0.55166172

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=481.074/790.937
=0.60823302

PT Unilever Indonesia Tbk's current ratio of this year was 0.55166172. PT Unilever Indonesia Tbk's current ratio of last year was 0.60823302. ==> 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.

PT Unilever Indonesia Tbk's number of shares in issue this year was 1907.5. PT Unilever Indonesia Tbk's number of shares in issue last year was 1907.5. ==> 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
=1258.936/2532.415
=0.49712863

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1272.676/2747.09
=0.46328151

PT Unilever Indonesia Tbk's gross margin of this year was 0.49712863. PT Unilever Indonesia Tbk's gross margin of last year was 0.46328151. ==> 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)
=2532.415/1164.46
=2.17475482

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=2747.09/1336.36
=2.05565117

PT Unilever Indonesia Tbk's asset turnover of this year was 2.17475482. PT Unilever Indonesia Tbk's asset turnover of last year was 2.05565117. ==> 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+1+1+1+1+0+1+1+1
=8

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

PT Unilever Indonesia Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

PT Unilever Indonesia Tbk  (OTCPK:UNLRY) 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.


PT Unilever Indonesia Tbk Piotroski F-Score Related Terms

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PT Unilever Indonesia Tbk (PT Unilever Indonesia Tbk) Business Description

Traded in Other Exchanges
Address
Green Office Park Kav. 3, Jl. BSD Boulevard Barat, BSD City, Tangerang, IDN, 15345
PT Unilever Indonesia Tbk is an Indonesian consumer goods company. The firm's offering is diverse, ranging from cosmetics and hygienic items (detergents, soaps, shampoos, skin care, toothpastes, and deodorants), to food and beverages (tea, coffee, and packaged foods). Its product portfolio contains household brands such as Sunlight, Sunsilk, Wall's, Blue Band, Pepsodent, Lux, Lifebuoy, Dove, Clear, Rexona, Vaseline, Rinso, Molto, Royco, and Bango.

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