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OHI (Omega Healthcare Investors) Piotroski F-Score : 7 (As of Oct. 29, 2024)


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What is Omega Healthcare Investors Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Omega Healthcare Investors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Omega Healthcare Investors's Piotroski F-Score or its related term are showing as below:

OHI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Omega Healthcare Investors was 8. The lowest was 3. And the median was 5.


Omega Healthcare Investors Piotroski F-Score Historical Data

The historical data trend for Omega Healthcare Investors'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.

Omega Healthcare Investors Piotroski F-Score Chart

Omega Healthcare Investors 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 6.00 6.00 7.00 5.00 7.00

Omega Healthcare Investors Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 7.00 8.00 7.00

Competitive Comparison of Omega Healthcare Investors's Piotroski F-Score

For the REIT - Healthcare Facilities subindustry, Omega Healthcare Investors'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.


Omega Healthcare Investors's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Omega Healthcare Investors's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Omega Healthcare Investors'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 91.381 + 55.001 + 67.361 + 113.862 = $327.6 Mil.
Cash Flow from Operations was 171.02 + 164.98 + 151.474 + 184.103 = $671.6 Mil.
Revenue was 242.032 + 239.319 + 243.299 + 252.745 = $977.4 Mil.
Gross Profit was 238.14 + 236.108 + 239.501 + 248.995 = $962.7 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(9404.033 + 9425.313 + 9117.402 + 9011.848 + 8848.546) / 5 = $9161.4284 Mil.
Total Assets at the begining of this year (Jun23) was $9,404.0 Mil.
Long-Term Debt & Capital Lease Obligation was $4,590.4 Mil.
Total Current Assets was $1,979.3 Mil.
Total Current Liabilities was $357.6 Mil.
Net Income was 102.274 + 45.579 + 35.942 + 59.856 = $243.7 Mil.

Revenue was 239.43 + 144.85 + 218.202 + 250.187 = $852.7 Mil.
Gross Profit was 235.255 + 140.845 + 214.205 + 246.262 = $836.6 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(9521.145 + 9475.705 + 9405.163 + 9290.206 + 9404.033) / 5 = $9419.2504 Mil.
Total Assets at the begining of last year (Jun22) was $9,521.1 Mil.
Long-Term Debt & Capital Lease Obligation was $5,266.5 Mil.
Total Current Assets was $1,901.1 Mil.
Total Current Liabilities was $324.9 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.

Omega Healthcare Investors's current Net Income (TTM) was 327.6. ==> 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.

Omega Healthcare Investors's current Cash Flow from Operations (TTM) was 671.6. ==> 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 (Jun23)
=327.605/9404.033
=0.03483665

ROA (Last Year)=Net Income/Total Assets (Jun22)
=243.651/9521.145
=0.02559051

Omega Healthcare Investors's return on assets of this year was 0.03483665. Omega Healthcare Investors's return on assets of last year was 0.02559051. ==> 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.

Omega Healthcare Investors's current Net Income (TTM) was 327.6. Omega Healthcare Investors's current Cash Flow from Operations (TTM) was 671.6. ==> 671.6 > 327.6 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=4590.378/9161.4284
=0.50105484

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=5266.536/9419.2504
=0.55912475

Omega Healthcare Investors's gearing of this year was 0.50105484. Omega Healthcare Investors's gearing of last year was 0.55912475. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=1979.343/357.58
=5.53538509

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=1901.115/324.905
=5.85129499

Omega Healthcare Investors's current ratio of this year was 5.53538509. Omega Healthcare Investors's current ratio of last year was 5.85129499. ==> 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.

Omega Healthcare Investors's number of shares in issue this year was 261.534. Omega Healthcare Investors's number of shares in issue last year was 246.1. ==> 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
=962.744/977.395
=0.98501015

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=836.567/852.669
=0.98111577

Omega Healthcare Investors's gross margin of this year was 0.98501015. Omega Healthcare Investors's gross margin of last year was 0.98111577. ==> 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 (Jun23)
=977.395/9404.033
=0.1039336

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=852.669/9521.145
=0.0895553

Omega Healthcare Investors's asset turnover of this year was 0.1039336. Omega Healthcare Investors's asset turnover of last year was 0.0895553. ==> 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+1+0+0+1+1
=7

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

Omega Healthcare Investors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Omega Healthcare Investors  (NYSE:OHI) 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.


Omega Healthcare Investors Piotroski F-Score Related Terms

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Omega Healthcare Investors Business Description

Traded in Other Exchanges
Address
303 International Circle, Suite 200, Hunt Valley, MD, USA, 21030
Omega Healthcare Investors Inc is a healthcare facility real estate investment trust that invests in the United States real estate markets. Omega's portfolio focuses on long-term healthcare facilities. Omega has one reportable segment consisting of investments in healthcare-related real estate properties located in the United States and the United Kingdom. Its core business is to provide financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities (SNFs), assisted living facilities (ALFs), and to a lesser extent, independent living facilities (ILFs), rehabilitation and acute care facilities (specialty facilities) and medical office buildings (MOBs).
Executives
Daniel J Booth officer: Chief Operating Officer 9690 DEERECO ROAD, SUITE 100, TIMONIUM MD 21093
Robert O Stephenson officer: Chief Financial Officer C/O OMEGA HEALTHCARE INVESTORS, 9690 DEERECO ROAD, SUITE 100, TIMONIUM MD 21093
Lisa Egbuonu-davis director C/O OMEGA HEALTHCARE INVESTORS, INC., 303 INTERNATIONAL CIRCLE, SUITE 200, HUNT VALLEY MD 21030
Gail D Makode officer: Chief Legal Officer ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830
Kapila K Anand director C/O EXTENDED STAY AMERICA, INC., 11525 N. COMMUNITY HOUSE ROAD, SUITE 100, CHARLOTTE NC 28277
Neal Ballew officer: Chief Accounting Officer 303 INTERNATIONAL CIRCLE, SUITE 200, HUNT VALLEY MD 21030
Burke W Whitman director 13455 NOEL ROAD # 2000, DALLAS TX 75240
Steven J Insoft officer: Chief Corp Development Officer
C Taylor Pickett director, officer: Chief Executive Officer C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Kevin J Jacobs director 7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Michael Ritz officer: Chief Accounting Officer 9690 DEERECO ROAD, SUITE 100, TIMONIUM MD 21131
Craig R Callen director 7902 WESTPARK DR, C/O SUNRISE ASSISTED LIVING, MCLEAN VA 22102
Ben W Perks director
Bernard J Korman director OMEGA HEALTHCARE INVESTORS INC, ANN ARBOR MI 48108
Craig M Bernfield director 303 WEST MADISON STREET, SUITE 2400, CHICAGO IL 60606