Eros Media World PLC
EMWP Communication Services Entertainment
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Eros Media World PLC (EMWP) Piotroski F-score
Eros Media World PLC's Piotroski F-score for fiscal 2020 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2019.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2020 | 3 | (1.00) |
| FY2019 | 4 | (1.00) |
| FY2018 | 5 | 1.00 |
| FY2017 | 4 | — |
How fiscal 2020’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (49.39%) | (33.92%) | Fail | 0 |
| Positive operating cash flow | 18.74m | 74.97m | Pass | 1 |
| Rising return on assets | (49.39%) | (33.92%) | Fail | 0 |
| Cash flow above net income | 437.73m | 498.83m | Pass | 1 |
| Falling long-term leverage | 0.07 | 0.06 | Fail | 0 |
| Rising current ratio | 0.53 | 1.10 | Fail | 0 |
| No new shares issued | 5,376,700 | 3,535,400 | Fail | 0 |
| Rising gross margin | 47.43% | 42.47% | Pass | 1 |
| Rising asset turnover | 0.18 | 0.22 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| IMAX IMAX Corporation compare | 8 |
| AMCX AMC Global Media Inc. compare | 7 |
| MCS Marcus Corporation (The) compare | 6 |
| RSVR Reservoir Media, Inc. compare | 6 |
| ANGX Angel Studios, Inc. compare | 4 |
| EMWP Eros Media World PLC | 3 |
| AMC AMC Entertainment Holdings, Inc. compare | 3 |
| IQ iQIYI, Inc. Sponsored ADR compare | 3 |
| STRZ Starz Entertainment Corp. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover