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Spire Global (Spire Global) Piotroski F-Score : 4 (As of May. 12, 2024)


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What is Spire Global 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

Spire Global has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Spire Global's Piotroski F-Score or its related term are showing as below:

SPIR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 4

During the past 4 years, the highest Piotroski F-Score of Spire Global was 4. The lowest was 2. And the median was 3.


Spire Global Piotroski F-Score Historical Data

The historical data trend for Spire Global'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.

Spire Global Piotroski F-Score Chart

Spire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 2.00 4.00

Spire Global Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 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 2.00 N/A N/A 3.00 4.00

Competitive Comparison of Spire Global's Piotroski F-Score

For the Specialty Business Services subindustry, Spire Global'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.


Spire Global's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Spire Global's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Spire Global'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 -17.673 + -16.266 + -17.795 + -12.222 = $-64.0 Mil.
Cash Flow from Operations was -11.29 + -11.301 + -5.142 + 4.111 = $-23.6 Mil.
Revenue was 24.168 + 26.493 + 27.317 + 27.725 = $105.7 Mil.
Gross Profit was 13.808 + 16.86 + 17.762 + 14.839 = $63.3 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(256.512 + 263.502 + 268.363 + 256.009 + 246.825) / 5 = $258.2422 Mil.
Total Assets at the begining of this year (Dec22) was $256.5 Mil.
Long-Term Debt & Capital Lease Obligation was $127.2 Mil.
Total Current Assets was $69.3 Mil.
Total Current Liabilities was $41.5 Mil.
Net Income was -11.792 + -38.265 + -21.811 + -17.543 = $-89.4 Mil.

Revenue was 18.07 + 19.395 + 20.418 + 22.385 = $80.3 Mil.
Gross Profit was 8.224 + 9.822 + 10.22 + 11.675 = $39.9 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(290.194 + 283.378 + 288.921 + 266.615 + 256.512) / 5 = $277.124 Mil.
Total Assets at the begining of last year (Dec21) was $290.2 Mil.
Long-Term Debt & Capital Lease Obligation was $109.3 Mil.
Total Current Assets was $96.8 Mil.
Total Current Liabilities was $33.4 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.

Spire Global's current Net Income (TTM) was -64.0. ==> Negative ==> Score 0.

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.

Spire Global's current Cash Flow from Operations (TTM) was -23.6. ==> 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)
=-63.956/256.512
=-0.24932947

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-89.411/290.194
=-0.30810768

Spire Global's return on assets of this year was -0.24932947. Spire Global's return on assets of last year was -0.30810768. ==> 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.

Spire Global's current Net Income (TTM) was -64.0. Spire Global's current Cash Flow from Operations (TTM) was -23.6. ==> -23.6 > -64.0 ==> 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
=127.192/258.2422
=0.49252988

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=109.29/277.124
=0.39437219

Spire Global's gearing of this year was 0.49252988. Spire Global's gearing of last year was 0.39437219. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=69.336/41.546
=1.66889713

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=96.776/33.368
=2.90026373

Spire Global's current ratio of this year was 1.66889713. Spire Global's current ratio of last year was 2.90026373. ==> 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.

Spire Global's number of shares in issue this year was 20.969. Spire Global's number of shares in issue last year was 17.96. ==> 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
=63.269/105.703
=0.59855444

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=39.941/80.268
=0.49759555

Spire Global's gross margin of this year was 0.59855444. Spire Global's gross margin of last year was 0.49759555. ==> 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)
=105.703/256.512
=0.41207819

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=80.268/290.194
=0.27660117

Spire Global's asset turnover of this year was 0.41207819. Spire Global's asset turnover of last year was 0.27660117. ==> 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
=0+0+1+1+0+0+0+1+1
=4

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

Spire Global has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Spire Global  (NYSE:SPIR) 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.


Spire Global Piotroski F-Score Related Terms

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Spire Global (Spire Global) Business Description

Traded in Other Exchanges
Address
8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
Executives
Boyd C. Johnson officer: CLO and Corporate Secretary 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Theresa Condor director, officer: EVP, GM Spire Space Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Peter Platzer director, officer: Chief Executive Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Leonardo Basola officer: Chief Financial Officer 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Thomas Krywe officer: Chief Financial Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Joan Lordi Amble director AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Jack Pearlstein director 2525 NETWORK PLACE, HERNDON VA 20171
Dirk Hoke director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Elizabeth Ananda Martin officer: General Counsel 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
John F Lusk officer: VP & GM, Global Data Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Keith E Johnson officer: VP & General Manager, Federal 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William Porteous director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Stephen Messer director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William P Crowell other: See Remarks 41343 RASPBERRY DR, LEESBURG VA 20176
Six4 Holdings, Llc other: See Remarks 12020 SUNRISE VALLEY DRIVE, SUITE 100, RESTON VA 20191