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Apollo Future Mobility Group (STU:U1R1) Piotroski F-Score : 2 (As of May. 29, 2024)


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What is Apollo Future Mobility Group Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Apollo Future Mobility Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

STU:U1R1' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 2

During the past 13 years, the highest Piotroski F-Score of Apollo Future Mobility Group was 6. The lowest was 2. And the median was 3.


Apollo Future Mobility Group Piotroski F-Score Historical Data

The historical data trend for Apollo Future Mobility 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.

Apollo Future Mobility Group Piotroski F-Score Chart

Apollo Future Mobility Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.00 3.00 3.00 2.00

Apollo Future Mobility Group Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 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 - 3.00 - - 2.00

Competitive Comparison of Apollo Future Mobility Group's Piotroski F-Score

For the Luxury Goods subindustry, Apollo Future Mobility 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.


Apollo Future Mobility Group's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Apollo Future Mobility Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Apollo Future Mobility 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 €-101.04 Mil.
Cash Flow from Operations was €-3.40 Mil.
Revenue was €32.78 Mil.
Gross Profit was €7.42 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (598.24 + 460.234) / 2 = €529.237 Mil.
Total Assets at the begining of this year (Dec22) was €598.24 Mil.
Long-Term Debt & Capital Lease Obligation was €2.14 Mil.
Total Current Assets was €84.46 Mil.
Total Current Liabilities was €61.62 Mil.
Net Income was €0.00 Mil.

Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Dec22) was (555.145 + 598.24) / 2 = €576.6925 Mil.
Total Assets at the begining of last year (Sep21) was €555.15 Mil.
Long-Term Debt & Capital Lease Obligation was €2.30 Mil.
Total Current Assets was €162.54 Mil.
Total Current Liabilities was €75.04 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.

Apollo Future Mobility Group's current Net Income (TTM) was -101.04. ==> 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.

Apollo Future Mobility Group's current Cash Flow from Operations (TTM) was -3.40. ==> 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)
=-101.041/598.24
=-0.1688971

ROA (Last Year)=Net Income/Total Assets (Sep21)
=0/555.145
=0

Apollo Future Mobility Group's return on assets of this year was -0.1688971. Apollo Future Mobility Group's return on assets of last year was 0. ==> 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.

Apollo Future Mobility Group's current Net Income (TTM) was -101.04. Apollo Future Mobility Group's current Cash Flow from Operations (TTM) was -3.40. ==> -3.40 > -101.04 ==> 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
=2.144/529.237
=0.00405112

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Dec22
=2.304/576.6925
=0.0039952

Apollo Future Mobility Group's gearing of this year was 0.00405112. Apollo Future Mobility Group's gearing of last year was 0.0039952. ==> 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
=84.462/61.615
=1.37080256

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=162.541/75.042
=2.16600037

Apollo Future Mobility Group's current ratio of this year was 1.37080256. Apollo Future Mobility Group's current ratio of last year was 2.16600037. ==> 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.

Apollo Future Mobility Group's number of shares in issue this year was 480.655. Apollo Future Mobility Group's number of shares in issue last year was 0. ==> 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
=7.415/32.784
=0.2261774

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Apollo Future Mobility Group's gross margin of this year was 0.2261774. Apollo Future Mobility Group's gross margin of last year was . ==> 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)
=32.784/598.24
=0.05480075

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=0/555.145
=0

Apollo Future Mobility Group's asset turnover of this year was 0.05480075. Apollo Future Mobility Group's asset turnover of last year was 0. ==> 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+0+1+0+0+0+1+1
=3

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

Apollo Future Mobility Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Apollo Future Mobility Group  (STU:U1R1) 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.


Apollo Future Mobility Group Piotroski F-Score Related Terms

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Apollo Future Mobility Group (STU:U1R1) Business Description

Traded in Other Exchanges
Address
189 Des Voeux Road Central, Sheung Wan, Units 2001-2002, 20th Floor, Li Po Chun Chambers, Hong Kong, HKG
Apollo Future Mobility Group Ltd is an investment holding company. It operates in three segments. The Mobility technology solutions segment engages in designing, developing, manufacturing, and sales high-performance hypercars and provision of mobility technology solutions. Jewellery products and watches segment that derives majority revenue focus on retailing and wholesale of jewellery products and watches. The Money Lending segment provides loan finance. ,Majority revenue is derived from Jewellery products, watches and other commodities segment. Geographically Mainland China accounts for majority revenue.

Apollo Future Mobility Group (STU:U1R1) Headlines

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