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Saint Marc Holdings Co (TSE:3395) Piotroski F-Score : 5 (As of May. 03, 2024)


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What is Saint Marc Holdings Co 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

Saint Marc Holdings Co 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 Saint Marc Holdings Co's Piotroski F-Score or its related term are showing as below:

TSE:3395' 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 Saint Marc Holdings Co was 8. The lowest was 3. And the median was 5.


Saint Marc Holdings Co Piotroski F-Score Historical Data

The historical data trend for Saint Marc Holdings Co'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.

Saint Marc Holdings Co Piotroski F-Score Chart

Saint Marc Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 3.00 6.00 5.00

Saint Marc Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 5.00 - - -

Competitive Comparison of Saint Marc Holdings Co's Piotroski F-Score

For the Restaurants subindustry, Saint Marc Holdings Co'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.


Saint Marc Holdings Co's Piotroski F-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Saint Marc Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Saint Marc Holdings Co'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was 円417 Mil.
Cash Flow from Operations was 円3,514 Mil.
Revenue was 円57,831 Mil.
Gross Profit was 円44,366 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (48021.601 + 48804.77) / 2 = 円48413.1855 Mil.
Total Assets at the begining of this year (Mar22) was 円48,022 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,036 Mil.
Total Current Assets was 円20,838 Mil.
Total Current Liabilities was 円6,916 Mil.
Net Income was 円-4,712 Mil.

Revenue was 円47,722 Mil.
Gross Profit was 円36,996 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (55811.655 + 48021.601) / 2 = 円51916.628 Mil.
Total Assets at the begining of last year (Mar21) was 円55,812 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,047 Mil.
Total Current Assets was 円19,715 Mil.
Total Current Liabilities was 円5,652 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.

Saint Marc Holdings Co's current Net Income (TTM) was 417. ==> 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.

Saint Marc Holdings Co's current Cash Flow from Operations (TTM) was 3,514. ==> 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 (Mar22)
=416.538/48021.601
=0.00867397

ROA (Last Year)=Net Income/Total Assets (Mar21)
=-4711.792/55811.655
=-0.08442308

Saint Marc Holdings Co's return on assets of this year was 0.00867397. Saint Marc Holdings Co's return on assets of last year was -0.08442308. ==> 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.

Saint Marc Holdings Co's current Net Income (TTM) was 417. Saint Marc Holdings Co's current Cash Flow from Operations (TTM) was 3,514. ==> 3,514 > 417 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=6036.051/48413.1855
=0.12467783

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=6047.451/51916.628
=0.11648389

Saint Marc Holdings Co's gearing of this year was 0.12467783. Saint Marc Holdings Co's gearing of last year was 0.11648389. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=20838.42/6915.932
=3.01310366

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=19715.31/5651.738
=3.48836234

Saint Marc Holdings Co's current ratio of this year was 3.01310366. Saint Marc Holdings Co's current ratio of last year was 3.48836234. ==> 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.

Saint Marc Holdings Co's number of shares in issue this year was 24.898. Saint Marc Holdings Co's number of shares in issue last year was 21.221. ==> 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
=44365.965/57831.134
=0.76716402

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=36995.81/47721.642
=0.77524177

Saint Marc Holdings Co's gross margin of this year was 0.76716402. Saint Marc Holdings Co's gross margin of last year was 0.77524177. ==> 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)
=57831.134/48021.601
=1.20427334

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=47721.642/55811.655
=0.85504796

Saint Marc Holdings Co's asset turnover of this year was 1.20427334. Saint Marc Holdings Co's asset turnover of last year was 0.85504796. ==> 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
=1+1+1+1+0+0+0+0+1
=5

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

Saint Marc Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Saint Marc Holdings Co  (TSE:3395) 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.


Saint Marc Holdings Co Piotroski F-Score Related Terms

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Saint Marc Holdings Co (TSE:3395) Business Description

Traded in Other Exchanges
N/A
Address
173 North 104 Hirata, Kita-ku, Okayama Prefecture, Okayama, JPN, 700-0952
Saint Marc Holdings Co Ltd operates a chain of restaurants and cafe. The company along with its subsidiaries manages food business. It is organized in Restaurant and Fast Food divisions. It mainly deals with the management of eateries like bakeries, noodle shops, restaurants, sushi bars, and its flagship Saint Marc Cafe.

Saint Marc Holdings Co (TSE:3395) Headlines

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