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John Wiley & Sons (STU:2F7) Piotroski F-Score : 5 (As of May. 21, 2024)


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What is John Wiley & Sons 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

John Wiley & Sons 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 John Wiley & Sons's Piotroski F-Score or its related term are showing as below:

STU:2F7' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of John Wiley & Sons was 8. The lowest was 3. And the median was 6.


John Wiley & Sons Piotroski F-Score Historical Data

The historical data trend for John Wiley & Sons'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.

John Wiley & Sons Piotroski F-Score Chart

John Wiley & Sons Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 5.00 6.00 4.00

John Wiley & Sons Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 4.00 4.00 4.00 5.00 5.00

Competitive Comparison of John Wiley & Sons's Piotroski F-Score

For the Publishing subindustry, John Wiley & Sons'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.


John Wiley & Sons's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, John Wiley & Sons's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where John Wiley & Sons'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 (Jan24) TTM:Last Year (Jan23) TTM:
Net Income was 62.33 + -83.407 + -18.414 + -104.537 = €-144 Mil.
Cash Flow from Operations was 203.698 + -74.431 + -1.09 + 98.995 = €227 Mil.
Revenue was 479.828 + 407.716 + 466.689 + 422.927 = €1,777 Mil.
Gross Profit was 320.997 + 265.696 + 319.323 + 291.045 = €1,197 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was
(2923.437 + 2835.235 + 2645.069 + 2631.754 + 2485.29) / 5 = €2704.157 Mil.
Total Assets at the begining of this year (Jan23) was €2,923 Mil.
Long-Term Debt & Capital Lease Obligation was €917 Mil.
Total Current Assets was €353 Mil.
Total Current Liabilities was €654 Mil.
Net Income was 39.953 + -17.532 + 38.766 + -66.323 = €-5 Mil.

Revenue was 505.275 + 479.28 + 522.559 + 455.99 = €1,963 Mil.
Gross Profit was 332.109 + 308.208 + 349.702 + 294.47 = €1,284 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was
(2986.138 + 3112.93 + 3174.41 + 3175.297 + 2923.437) / 5 = €3074.4424 Mil.
Total Assets at the begining of last year (Jan22) was €2,986 Mil.
Long-Term Debt & Capital Lease Obligation was €984 Mil.
Total Current Assets was €493 Mil.
Total Current Liabilities was €706 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.

John Wiley & Sons's current Net Income (TTM) was -144. ==> 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.

John Wiley & Sons's current Cash Flow from Operations (TTM) was 227. ==> 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 (Jan23)
=-144.028/2923.437
=-0.04926667

ROA (Last Year)=Net Income/Total Assets (Jan22)
=-5.136/2986.138
=-0.00171995

John Wiley & Sons's return on assets of this year was -0.04926667. John Wiley & Sons's return on assets of last year was -0.00171995. ==> Last year is higher ==> Score 0.

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.

John Wiley & Sons's current Net Income (TTM) was -144. John Wiley & Sons's current Cash Flow from Operations (TTM) was 227. ==> 227 > -144 ==> 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: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=916.846/2704.157
=0.33905058

Gearing (Last Year: Jan23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan22 to Jan23
=984.032/3074.4424
=0.32006845

John Wiley & Sons's gearing of this year was 0.33905058. John Wiley & Sons's gearing of last year was 0.32006845. ==> 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: Jan24)=Total Current Assets/Total Current Liabilities
=352.514/653.744
=0.5392233

Current Ratio (Last Year: Jan23)=Total Current Assets/Total Current Liabilities
=492.922/706.179
=0.69801283

John Wiley & Sons's current ratio of this year was 0.5392233. John Wiley & Sons's current ratio of last year was 0.69801283. ==> 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.

John Wiley & Sons's number of shares in issue this year was 54.812. John Wiley & Sons's number of shares in issue last year was 55.514. ==> 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
=1197.061/1777.16
=0.67358088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1284.489/1963.104
=0.65431531

John Wiley & Sons's gross margin of this year was 0.67358088. John Wiley & Sons's gross margin of last year was 0.65431531. ==> 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 (Jan23)
=1777.16/2923.437
=0.60790091

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan22)
=1963.104/2986.138
=0.65740565

John Wiley & Sons's asset turnover of this year was 0.60790091. John Wiley & Sons's asset turnover of last year was 0.65740565. ==> 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
=0+1+0+1+0+0+1+1+0
=4

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

John Wiley & Sons has an F-score of 4 indicating the company's financial situation is typical for a stable company.

John Wiley & Sons  (STU:2F7) 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.


John Wiley & Sons Piotroski F-Score Related Terms

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John Wiley & Sons (STU:2F7) Business Description

Traded in Other Exchanges
Address
111 River Street, Hoboken, NJ, USA, 07030
John Wiley & Sons Inc is one of the foremost global providers of academic journals, books, pre- and post-hire assessments and training, test preparation materials, and online education program management solutions. Wiley derived more than 85% of its total revenue from digital products and tech-enabled services, The company has reorganized our Education lines of business into two new customer-centric segments. The Academic segment addresses the university customer group and includes Academic Publishing and University Services. The Talent segment addresses the corporate customer group and is focused on delivering training, sourcing, and upskilling solutions.

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