Smart Digital Group Limited
SDM Communication Services Advertising Agencies
Smart Digital Group Limited’s revenue for fiscal 2025 (year ended September 2025) was $37.2 million, up 72.9% from fiscal 2024. Revenue growth for three consecutive years.
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Smart Digital Group Limited (SDM) Piotroski F-score
Smart Digital Group Limited's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (269.48%) | 14.01% | Fail | 0 |
| Positive operating cash flow | (5.55m) | (412.40k) | Fail | 0 |
| Rising return on assets | (269.48%) | 14.01% | Fail | 0 |
| Cash flow above net income | 32.29m | (2.11m) | Pass | 1 |
| Falling long-term leverage | 0.01 | 0.02 | Pass | 1 |
| Rising current ratio | 2.14 | 1.89 | Pass | 1 |
| No new shares issued | 27,095,000 | 25,000,000 | Fail | 0 |
| Rising gross margin | 10.05% | 13.54% | Fail | 0 |
| Rising asset turnover | 2.65 | 1.78 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
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 |
|---|---|
| CRTO Criteo S.A. compare | 9 |
| NEXN Nexxen International Ltd. Sponsored ADR compare | 7 |
| ADV Advantage Solutions Inc. compare | 5 |
| QNST QuinStreet, Inc. compare | 5 |
| NCMI National CineMedia, Inc. compare | 5 |
| EVC Entravision Communications Corporation compare | 4 |
| SDM Smart Digital Group Limited | 4 |
| QUOT Quotient Technology Inc. compare | 3 |
| TJGC TJGC Group Limited compare | 2 |
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