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Stainless Tankers ASA (OSL:STST) Piotroski F-Score : 9 (As of Jul. 09, 2025)


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What is Stainless Tankers ASA Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Stainless Tankers ASA has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Stainless Tankers ASA's Piotroski F-Score or its related term are showing as below:

OSL:STST' s Piotroski F-Score Range Over the Past 10 Years
Min: 9   Med: 9   Max: 9
Current: 9

During the past 2 years, the highest Piotroski F-Score of Stainless Tankers ASA was 9. The lowest was 9. And the median was 9.


Stainless Tankers ASA Piotroski F-Score Historical Data

The historical data trend for Stainless Tankers ASA'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.

Stainless Tankers ASA Piotroski F-Score Chart

Stainless Tankers ASA Annual Data
Trend Dec23 Dec24
Piotroski F-Score
N/A N/A

Stainless Tankers ASA Quarterly Data
Feb23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A 9.00

Competitive Comparison of Stainless Tankers ASA's Piotroski F-Score

For the Marine Shipping subindustry, Stainless Tankers ASA'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.


Stainless Tankers ASA's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stainless Tankers ASA's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Stainless Tankers ASA's Piotroski F-Score falls into.


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 48.194 + 49.565 + 42.593 + 46.61 = kr187.0 Mil.
Cash Flow from Operations was 112.311 + 215.692 + 80.058 + 76.787 = kr484.8 Mil.
Revenue was 191.014 + 193.214 + 179.482 + 136.649 = kr700.4 Mil.
Gross Profit was 84.35 + 78.544 + 68.972 + 36.883 = kr268.7 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(1615.438 + 1601.046 + 1580.441 + 1633.208 + 1439.827) / 5 = kr1573.992 Mil.
Total Assets at the begining of this year (Mar24) was kr1,615.4 Mil.
Long-Term Debt & Capital Lease Obligation was kr475.7 Mil.
Total Current Assets was kr290.8 Mil.
Total Current Liabilities was kr242.5 Mil.
Net Income was 12.751 + 20.323 + 33.705 + 31.804 = kr98.6 Mil.

Revenue was 75.78 + 125.393 + 148.388 + 169.847 = kr519.4 Mil.
Gross Profit was 29.258 + 43.231 + 61.376 + 61.847 = kr195.7 Mil.
Average Total Assets from the begining of last year (Feb23)
to the end of last year (Mar24) was
(1336.025 + 0 + 0 + 1621.158 + 1615.438) / 5 = kr1524.207 Mil.
Total Assets at the begining of last year (Feb23) was kr1,336.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr768.6 Mil.
Total Current Assets was kr132.7 Mil.
Total Current Liabilities was kr145.5 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.

Stainless Tankers ASA's current Net Income (TTM) was 187.0. ==> 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.

Stainless Tankers ASA's current Cash Flow from Operations (TTM) was 484.8. ==> 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 (Mar24)
=186.962/1615.438
=0.11573456

ROA (Last Year)=Net Income/Total Assets (Feb23)
=98.583/1336.025
=0.07378829

Stainless Tankers ASA's return on assets of this year was 0.11573456. Stainless Tankers ASA's return on assets of last year was 0.07378829. ==> 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.

Stainless Tankers ASA's current Net Income (TTM) was 187.0. Stainless Tankers ASA's current Cash Flow from Operations (TTM) was 484.8. ==> 484.8 > 187.0 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=475.724/1573.992
=0.30224042

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb23 to Mar24
=768.592/1524.207
=0.50425697

Stainless Tankers ASA's gearing of this year was 0.30224042. Stainless Tankers ASA's gearing of last year was 0.50425697. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=290.778/242.523
=1.19897082

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=132.704/145.545
=0.91177299

Stainless Tankers ASA's current ratio of this year was 1.19897082. Stainless Tankers ASA's current ratio of last year was 0.91177299. ==> 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.

Stainless Tankers ASA's number of shares in issue this year was 13.5. Stainless Tankers ASA's number of shares in issue last year was 13.5. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=268.749/700.359
=0.38373034

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=195.712/519.408
=0.3767982

Stainless Tankers ASA's gross margin of this year was 0.38373034. Stainless Tankers ASA's gross margin of last year was 0.3767982. ==> 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 (Mar24)
=700.359/1615.438
=0.43354124

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb23)
=519.408/1336.025
=0.38877117

Stainless Tankers ASA's asset turnover of this year was 0.43354124. Stainless Tankers ASA's asset turnover of last year was 0.38877117. ==> 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+1+1+1+1
=9

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

Stainless Tankers ASA has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Stainless Tankers ASA  (OSL:STST) 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.


Stainless Tankers ASA Piotroski F-Score Related Terms

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Stainless Tankers ASA Business Description

Traded in Other Exchanges
Address
Henrik Ibsens gate 90, Oslo, NOR, 0255
Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

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