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Sporting Clube de Portugal-Futebol (STU:SCG) Piotroski F-Score : 4 (As of May. 11, 2024)


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What is Sporting Clube de Portugal-Futebol 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

Sporting Clube de Portugal-Futebol 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 Sporting Clube de Portugal-Futebol's Piotroski F-Score or its related term are showing as below:

STU:SCG' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Sporting Clube de Portugal-Futebol was 8. The lowest was 1. And the median was 4.


Sporting Clube de Portugal-Futebol Piotroski F-Score Historical Data

The historical data trend for Sporting Clube de Portugal-Futebol'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.

Sporting Clube de Portugal-Futebol Piotroski F-Score Chart

Sporting Clube de Portugal-Futebol Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 5.00 5.00 5.00

Sporting Clube de Portugal-Futebol Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 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 6.00 5.00 4.00 5.00 4.00

Competitive Comparison of Sporting Clube de Portugal-Futebol's Piotroski F-Score

For the Entertainment subindustry, Sporting Clube de Portugal-Futebol'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.


Sporting Clube de Portugal-Futebol's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sporting Clube de Portugal-Futebol's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sporting Clube de Portugal-Futebol'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 (Mar22) TTM:
Net Income was 16.522 + 0 + 0 + 0 = €16.52 Mil.
Cash Flow from Operations was -23.715 + 0 + 0 + 0 = €-23.72 Mil.
Revenue was 17.09 + 0 + 0 + 0 = €17.09 Mil.
Gross Profit was 12.616 + 0 + 0 + 0 = €12.62 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Dec23) was
(299.283 + 320.083 + 343.486 + 317.916 + 398.571) / 5 = €335.8678 Mil.
Total Assets at the begining of this year (Mar22) was €299.28 Mil.
Long-Term Debt & Capital Lease Obligation was €80.68 Mil.
Total Current Assets was €105.26 Mil.
Total Current Liabilities was €170.06 Mil.
Net Income was -9.452 + 18.718 + -9.196 + -1.039 = €-0.97 Mil.

Revenue was 13.908 + 16.92 + 20.772 + 17.962 = €69.56 Mil.
Gross Profit was 9.548 + 13.119 + 15.042 + 13.985 = €51.69 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was
(268.678 + 269.177 + 285.546 + 285.824 + 299.283) / 5 = €281.7016 Mil.
Total Assets at the begining of last year (Mar21) was €268.68 Mil.
Long-Term Debt & Capital Lease Obligation was €100.08 Mil.
Total Current Assets was €65.38 Mil.
Total Current Liabilities was €164.18 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.

Sporting Clube de Portugal-Futebol's current Net Income (TTM) was 16.52. ==> 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.

Sporting Clube de Portugal-Futebol's current Cash Flow from Operations (TTM) was -23.72. ==> 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 (Mar22)
=16.522/299.283
=0.05520527

ROA (Last Year)=Net Income/Total Assets (Mar21)
=-0.969/268.678
=-0.00360655

Sporting Clube de Portugal-Futebol's return on assets of this year was 0.05520527. Sporting Clube de Portugal-Futebol's return on assets of last year was -0.00360655. ==> 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.

Sporting Clube de Portugal-Futebol's current Net Income (TTM) was 16.52. Sporting Clube de Portugal-Futebol's current Cash Flow from Operations (TTM) was -23.72. ==> -23.72 <= 16.52 ==> 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 Mar22 to Dec23
=80.682/335.8678
=0.24021951

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=100.075/281.7016
=0.3552518

Sporting Clube de Portugal-Futebol's gearing of this year was 0.24021951. Sporting Clube de Portugal-Futebol's gearing of last year was 0.3552518. ==> 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
=105.264/170.064
=0.61896698

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=65.378/164.184
=0.39819958

Sporting Clube de Portugal-Futebol's current ratio of this year was 0.61896698. Sporting Clube de Portugal-Futebol's current ratio of last year was 0.39819958. ==> This year's current ratio is higher. ==> Score 1.

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.

Sporting Clube de Portugal-Futebol's number of shares in issue this year was 202. Sporting Clube de Portugal-Futebol's number of shares in issue last year was 67. ==> 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
=12.616/17.09
=0.73820948

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=51.694/69.562
=0.74313562

Sporting Clube de Portugal-Futebol's gross margin of this year was 0.73820948. Sporting Clube de Portugal-Futebol's gross margin of last year was 0.74313562. ==> Last year's gross margin is higher ==> Score 0.

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 (Mar22)
=17.09/299.283
=0.05710314

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=69.562/268.678
=0.25890471

Sporting Clube de Portugal-Futebol's asset turnover of this year was 0.05710314. Sporting Clube de Portugal-Futebol's asset turnover of last year was 0.25890471. ==> 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+0+1+0+1+1+0+0+0
=4

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

Sporting Clube de Portugal-Futebol has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Sporting Clube de Portugal-Futebol  (STU:SCG) 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.


Sporting Clube de Portugal-Futebol Piotroski F-Score Related Terms

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Sporting Clube de Portugal-Futebol (STU:SCG) Business Description

Traded in Other Exchanges
Address
Rua Professor Fernando da Fonseca, Estadio Jose de Alvalade, Apartado 4120, Lisbon, PRT, 1501-806
Sporting Clube de Portugal-Futebol is a football club playing in Portugal's First Division. Its other sports include basketball, hockey and athletics and are played in the stadium owned by the company. The group generates revenue from two sources commercial and sports which include a sale of audiovisual rights, from sponsorships, from the sale of advertising space, sale of tickets for games and subscriptions.