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Dalata Hotel Group (STU:DHG) Piotroski F-Score : 5 (As of May. 11, 2024)


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What is Dalata Hotel Group 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

Dalata Hotel Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

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

During the past 13 years, the highest Piotroski F-Score of Dalata Hotel Group was 8. The lowest was 3. And the median was 5.


Dalata Hotel Group Piotroski F-Score Historical Data

The historical data trend for Dalata Hotel Group'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.

Dalata Hotel Group Piotroski F-Score Chart

Dalata Hotel Group 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 4.00 4.00 5.00 6.00 5.00

Dalata Hotel Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 5.00 - 6.00 - 5.00

Competitive Comparison of Dalata Hotel Group's Piotroski F-Score

For the Lodging subindustry, Dalata Hotel Group'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.


Dalata Hotel Group's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dalata Hotel Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dalata Hotel Group'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 €90.2 Mil.
Cash Flow from Operations was €171.4 Mil.
Revenue was €607.7 Mil.
Gross Profit was €393.2 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (2278.909 + 2528.03) / 2 = €2403.4695 Mil.
Total Assets at the begining of this year (Dec22) was €2,278.9 Mil.
Long-Term Debt & Capital Lease Obligation was €940.9 Mil.
Total Current Assets was €71.4 Mil.
Total Current Liabilities was €102.7 Mil.
Net Income was €96.7 Mil.

Revenue was €558.3 Mil.
Gross Profit was €333.5 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (1889.955 + 2278.909) / 2 = €2084.432 Mil.
Total Assets at the begining of last year (Dec21) was €1,890.0 Mil.
Long-Term Debt & Capital Lease Obligation was €834.9 Mil.
Total Current Assets was €128.8 Mil.
Total Current Liabilities was €142.8 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.

Dalata Hotel Group's current Net Income (TTM) was 90.2. ==> 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.

Dalata Hotel Group's current Cash Flow from Operations (TTM) was 171.4. ==> 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)
=90.222/2278.909
=0.03959

ROA (Last Year)=Net Income/Total Assets (Dec21)
=96.725/1889.955
=0.05117847

Dalata Hotel Group's return on assets of this year was 0.03959. Dalata Hotel Group's return on assets of last year was 0.05117847. ==> 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.

Dalata Hotel Group's current Net Income (TTM) was 90.2. Dalata Hotel Group's current Cash Flow from Operations (TTM) was 171.4. ==> 171.4 > 90.2 ==> 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
=940.945/2403.4695
=0.39149446

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=834.932/2084.432
=0.40055612

Dalata Hotel Group's gearing of this year was 0.39149446. Dalata Hotel Group's gearing of last year was 0.40055612. ==> 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
=71.357/102.703
=0.69478983

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=128.817/142.785
=0.9021746

Dalata Hotel Group's current ratio of this year was 0.69478983. Dalata Hotel Group's current ratio of last year was 0.9021746. ==> 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.

Dalata Hotel Group's number of shares in issue this year was 226.396. Dalata Hotel Group's number of shares in issue last year was 223.85. ==> 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
=393.189/607.698
=0.64701381

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=333.496/558.26
=0.59738473

Dalata Hotel Group's gross margin of this year was 0.64701381. Dalata Hotel Group's gross margin of last year was 0.59738473. ==> 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)
=607.698/2278.909
=0.26666181

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=558.26/1889.955
=0.29538269

Dalata Hotel Group's asset turnover of this year was 0.26666181. Dalata Hotel Group's asset turnover of last year was 0.29538269. ==> 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+1+0+1+1+0+0+1+0
=5

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

Dalata Hotel Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Dalata Hotel Group  (STU:DHG) 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.


Dalata Hotel Group Piotroski F-Score Related Terms

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Dalata Hotel Group (STU:DHG) Business Description

Traded in Other Exchanges
Address
Burton Hall Drive, 4th Floor, Burton Court, Sandyford, Dublin, IRL, D18 Y2T8
Dalata Hotel Group PLC is a hotel operator in the lodging industry. The company is divided into three business segments based on geographical regions: Dublin, regional Ireland, and United Kingdom. Dalata wholly owns numerous hotels, leases a variety of hotels, and has several partner hotels under management agreements. The key components of the company's revenue include room rent, food and beverages sale, and other services such as meeting room hires and leisure centers. Dalata operates hotels under the Maldron Hotel and Clayton Hotel brands while also providing hotel management services. A vast majority of the company's revenue is earned in Dublin.

Dalata Hotel Group (STU:DHG) Headlines