Perfect Piotroski f-score Gran Tierra scores a perfect 9!
I have identified 2 companies that trade on the TSX with a market capitalization that exceeds $100m and that score a perfect 9 on the Piotroski scale. Joseph Piotroski preferred stocks that were in the lowest quintile of price to book stocks. Gran Tierra Energy has a price to book of
~ 0.712
The criteria is below:
Profitability Criteria Include:
- Positive net income (1 point)
- Positive return on assets (ROA) in the current year (1 point)
- Positive operating cash flow in the current year (1 point)
- Cash flow from operations being greater than net Income (quality of earnings) (1 point)
Leverage, Liquidity, and Source of Funds Criteria Include:
- Lower amount of long term debt in the current period, compared to the previous year (decreased leverage) (1 point)
- Higher current ratio this year compared to the previous year (more liquidity) (1 point)
- No new shares were issued in the last year (lack of dilution) (1 point).
Operating Efficiency Criteria Include: