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CMPR (Cimpress) Piotroski F-Score : 7 (As of Oct. 08, 2024)


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What is Cimpress 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

Cimpress 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 Cimpress's Piotroski F-Score or its related term are showing as below:

CMPR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Cimpress was 7. The lowest was 3. And the median was 6.


Cimpress Piotroski F-Score Historical Data

The historical data trend for Cimpress'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.

Cimpress Piotroski F-Score Chart

Cimpress Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 3.00 7.00

Cimpress 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 3.00 3.00 7.00 7.00 7.00

Competitive Comparison of Cimpress's Piotroski F-Score

For the Specialty Business Services subindustry, Cimpress'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.


Cimpress's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cimpress's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cimpress'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 4.554 + 58.105 + -3.978 + 115.001 = $174 Mil.
Cash Flow from Operations was 42.254 + 174.946 + 8.427 + 125.095 = $351 Mil.
Revenue was 757.294 + 921.363 + 780.588 + 832.611 = $3,292 Mil.
Gross Profit was 358.511 + 457.94 + 375.92 + 404.423 = $1,597 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(1854.859 + 1809.471 + 1947.989 + 1784.313 + 1892.157) / 5 = $1857.7578 Mil.
Total Assets at the begining of this year (Jun23) was $1,855 Mil.
Long-Term Debt & Capital Lease Obligation was $1,682 Mil.
Total Current Assets was $458 Mil.
Total Current Liabilities was $664 Mil.
Net Income was -25.441 + -140 + -49.326 + 28.789 = $-186 Mil.

Revenue was 703.415 + 845.202 + 742.164 + 788.846 = $3,080 Mil.
Gross Profit was 325.68 + 389.809 + 347.256 + 376.257 = $1,439 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(2167.672 + 2098.047 + 1952.106 + 1893.437 + 1854.859) / 5 = $1993.2242 Mil.
Total Assets at the begining of last year (Jun22) was $2,168 Mil.
Long-Term Debt & Capital Lease Obligation was $1,714 Mil.
Total Current Assets was $441 Mil.
Total Current Liabilities was $645 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.

Cimpress's current Net Income (TTM) was 174. ==> 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.

Cimpress's current Cash Flow from Operations (TTM) was 351. ==> 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)
=173.682/1854.859
=0.09363623

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-185.978/2167.672
=-0.08579619

Cimpress's return on assets of this year was 0.09363623. Cimpress's return on assets of last year was -0.08579619. ==> 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.

Cimpress's current Net Income (TTM) was 174. Cimpress's current Cash Flow from Operations (TTM) was 351. ==> 351 > 174 ==> 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
=1681.739/1857.7578
=0.90525202

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=1713.733/1993.2242
=0.85977935

Cimpress's gearing of this year was 0.90525202. Cimpress's gearing of last year was 0.85977935. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=457.979/663.963
=0.68976585

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=441.027/645.332
=0.68341102

Cimpress's current ratio of this year was 0.68976585. Cimpress's current ratio of last year was 0.68341102. ==> This year's current ratio is higher. ==> Score 1.

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.

Cimpress's number of shares in issue this year was 26.588. Cimpress's number of shares in issue last year was 26.33. ==> 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
=1596.794/3291.856
=0.48507407

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1439.002/3079.627
=0.46726503

Cimpress's gross margin of this year was 0.48507407. Cimpress's gross margin of last year was 0.46726503. ==> 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)
=3291.856/1854.859
=1.77472034

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=3079.627/2167.672
=1.4207071

Cimpress's asset turnover of this year was 1.77472034. Cimpress's asset turnover of last year was 1.4207071. ==> 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+1+0+1+1
=7

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

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

Cimpress  (NAS:CMPR) 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.


Cimpress Piotroski F-Score Related Terms

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Cimpress Business Description

Traded in Other Exchanges
Address
Finnabair Business and Technology Park, First Floor, Building 3, Dundalk, Louth, IRL, A91 XR61
Cimpress PLC invests in and builds customer-focused, entrepreneurial, mass-customization businesses for the long term. Mass customization seeks to produce goods and services to meet individual customer needs with near mass production efficiency. Its products and services include a broad range of marketing materials, business cards, signage, promotional products, logo apparel, packaging, books and magazines, wall decor, photo merchandise, invitations and announcements, design and digital marketing services, and other categories. The company's segment includes Vista; PrintBrothers; The Print Group; National Pen and All Other Businesses. It generates maximum revenue from the Vista segment.
Executives
Robert S Keane director, officer: CEO Pres. & Chair. of the BODs CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Sean Edward Quinn officer: VP, Controller & CAO C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Maarten Wensveen officer: SVP & Chief Technology Officer CIMPRESS, 275 WYMAN STREET, WALTHAM MA 02451
Florian Baumgartner officer: EVP and CEO, Vista C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Zachary Sternberg director 435 HUDSON STREET, SUITE 804, NEW YORK NY 10014
Dessislava Temperley director C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Spruce House Partnership (ai) Lp other: Affiliate - see footnote 435 HUDSON STREET, 8TH FLOOR, NEW YORK NY 10014
Spruce House Capital Llc other: Affiliate - see footnote 435 HUDSON STREET, SUITE 804, NEW YORK NY 10014
Spruce House Investment Management Llc other: Affiliate - see footnote 435 HUDSON STREET, 8TH FLOOR, NEW YORK NY 10014
Benjamin Forester Stein other: Affiliate - see footnote 435 HUDSON STREET, SUITE 804, NEW YORK NY 10014
Prescott General Partners Llc 10 percent owner, other: Member of Section 13(d) Group 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Scott J Vassalluzzo director, 10 percent owner, other: Member of Section 13(d) Group 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Thomas W Smith 10 percent owner, other: Member of Section 13(d) Group 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Donald Leblanc officer: EVP, President Corp Solutions CIMPRESS, 275 WYMAN STREET, WALTHAM MA 02451
Gavin John J Jr director