AECI (AECLY) Piotroski F-Score: 7 (As of Jun. 30, 2026) — 17% Above Median


AECLY AECI Ltd AECLY
62 GF Score
Price $5.00
GF Value $3.63
! 6 Warning Signs
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What is AECI Piotroski F-Score?

AECI AECLY -10.39% 62 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates AECLY with a GF Score™ of 62/100 and a GF Value™ of $3.63. The stock has 6 warning signs investors should review. Among 1,563 Chemicals companies, AECI ranks better than 90.4% on this metric.

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

AECI has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

AECLY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of AECI was 7. The lowest was 4. And the median was 6.

AECI  (OTCPK:AECLY) 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.


AECI Piotroski F-Score Related Terms


AECI Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AECI'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.

AECI Piotroski F-Score Chart

AECI Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 6.00 6.00 7.00

AECI Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 6.00 0.00 7.00

AECLY vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, AECI'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.


AECI Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, AECI's Piotroski F-Score distribution charts can be found below:

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


AECLY
62GF Score
AECI Ltd AECLY
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $22 Mil.
Cash Flow from Operations was $125 Mil.
Revenue was $1,912 Mil.
Gross Profit was $1,912 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1495.263 + 1449.678) / 2 = $1472.4705 Mil.
Total Assets at the begining of this year (Dec24) was $1,495 Mil.
Long-Term Debt & Capital Lease Obligation was $208 Mil.
Total Current Assets was $986 Mil.
Total Current Liabilities was $500 Mil.
Net Income was $-15 Mil.

Revenue was $1,844 Mil.
Gross Profit was $591 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1499.614 + 1495.263) / 2 = $1497.4385 Mil.
Total Assets at the begining of last year (Dec23) was $1,500 Mil.
Long-Term Debt & Capital Lease Obligation was $279 Mil.
Total Current Assets was $964 Mil.
Total Current Liabilities was $502 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.

AECI's current Net Income (TTM) was 22. ==> 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.

AECI's current Cash Flow from Operations (TTM) was 125. ==> 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 (Dec24)
=21.743/1495.263
=0.01454125

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-15.314/1499.614
=-0.01021196

AECI's return on assets of this year was 0.01454125. AECI's return on assets of last year was -0.01021196. ==> 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.

AECI's current Net Income (TTM) was 22. AECI's current Cash Flow from Operations (TTM) was 125. ==> 125 > 22 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=207.75/1472.4705
=0.14108941

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=279.391/1497.4385
=0.18657928

AECI's gearing of this year was 0.14108941. AECI's gearing of last year was 0.18657928. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=986.473/500.098
=1.97255938

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=964.475/501.861
=1.92179707

AECI's current ratio of this year was 1.97255938. AECI's current ratio of last year was 1.92179707. ==> 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.

AECI's number of shares in issue this year was 106.7. AECI's number of shares in issue last year was 106.3. ==> 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
=1911.933/1911.933
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=591.167/1844.2
=0.32055471

AECI's gross margin of this year was 1. AECI's gross margin of last year was 0.32055471. ==> 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 (Dec24)
=1911.933/1495.263
=1.27866001

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1844.2/1499.614
=1.22978313

AECI's asset turnover of this year was 1.27866001. AECI's asset turnover of last year was 1.22978313. ==> 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+0+1+1
=8

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

AECI has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
AECI (AECLY) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AECI and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, AECI's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, AECI ranks #150 out of 1563 companies in the Chemicals industry, placing it in the top 9.6%.
Is AECI's Piotroski F-Score too high?
AECI's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. AECI's value of 7 is 40% above this industry median. Based on the distribution chart, AECI ranks #150 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, AECI has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does AECI's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, AECI ranks #150 out of 1563 companies for Piotroski F-Score. This places AECI in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. AECI's value of 7 is 40% above this benchmark. Historically, AECI's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, AECI has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AECI's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AECI and its competitors. For the Chemicals industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AECI's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AECI stock overvalued right now?
AECI (AECLY) has a current Piotroski F-Score of 7. The stock's GF Value™ is $3.63, compared to a current price of $5.00 — trading 37.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. AECI's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For AECI (AECLY), the current Piotroski F-Score is 7 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AECI (AECLY) Overvalued in 2026?

Based on GuruFocus' analysis, AECI stock appears to be overvalued. The current stock price of $5.00 is trading 37.7% above its estimated GF Value™ of $3.63.

Key valuation signals for AECLY:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $3.63 vs. price of $5.00 (37.7% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 40% above the Chemicals median (#150 of 1563)

No single metric tells the full story. See the AECLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AECI Business Description

Address Woodlands Drive, 24 The Woodlands, First Floor, AECI Place, Woodmead, Sandton, Johannesburg, ZAF, 2191
AECI Ltd is a diversified group operating predominantly in the chemicals industry. The company performs its various business activities in the following reportable segments: AECI Mining, AECI Chemicals, AECI Managed Businesses, and AECI Property Services and Corporate. A majority of its revenue is generated from the AECI Mining segment, which provides a mine-to-mineral solution for the international mining sector. The offerings under this segment include commercial explosives, initiating systems, blasting services, and surfactants for explosives manufacture across the value chain to chemicals for ore beneficiation and tailings treatment. Geographically, the group generates a majority of its revenue from Africa, followed by Asia-Pacific, Europe, North America, and Latin America.
62GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.00
Price
$3.63
GF Value