Sino Logistics PCL (BKK:SINO) Piotroski F-Score: 5 (As of Jul. 02, 2026) — 17% Below Median


BKK:SINO Sino Logistics Corp PCL BKK:SINO
19 GF Score
Price ฿0.90
GF Value ฿0.91
Valuation Fairly Valued
! 6 Warning Signs
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What is Sino Logistics PCL Piotroski F-Score?

Sino Logistics PCL BKK:SINO -1.10% 19 Piotroski F-Score is 5 as of Jul. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BKK:SINO with a GF Score™ of 19/100 and a GF Value™ of ฿0.91 (Fairly Valued). The stock has 6 warning signs investors should review. Among 974 Transportation companies, Sino Logistics PCL ranks worse than 52.57% on this metric.

The zones of discrimination were as such:

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

Sino Logistics PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

BKK:SINO' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 5 years, the highest Piotroski F-Score of Sino Logistics PCL was 7. The lowest was 5. And the median was 6.

Sino Logistics PCL  (BKK:SINO) 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.


Sino Logistics PCL Piotroski F-Score Related Terms


Sino Logistics PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sino Logistics PCL'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.

Sino Logistics PCL Piotroski F-Score Chart

Sino Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 6.00 5.00

Sino Logistics PCL Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 N/A 7.00 6.00 5.00 5.00

BKK:SINO vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, Sino Logistics PCL'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.


Sino Logistics PCL Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Sino Logistics PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:SINO
19GF Score
Sino Logistics Corp PCL BKK:SINO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 12.684 + 21.242 + 3.208 + 1.692 = ฿39 Mil.
Cash Flow from Operations was 67.56 + 78.705 + 32.474 + 31.854 = ฿211 Mil.
Revenue was 688.595 + 741.925 + 589.22 + 598.551 = ฿2,618 Mil.
Gross Profit was 104.976 + 119.441 + 100.102 + 99.958 = ฿424 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1460.473 + 1464.966 + 1328.629 + 1378.919 + 1370.908) / 5 = ฿1400.779 Mil.
Total Assets at the begining of this year (Mar25) was ฿1,460 Mil.
Long-Term Debt & Capital Lease Obligation was ฿89 Mil.
Total Current Assets was ฿1,020 Mil.
Total Current Liabilities was ฿342 Mil.
Net Income was 12.715 + 37.363 + 32.171 + 26.505 = ฿109 Mil.

Revenue was 734.819 + 1375.338 + 810.654 + 807.543 = ฿3,728 Mil.
Gross Profit was 96.72 + 187.817 + 113.647 + 114.897 = ฿513 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1401.543 + 1470.905 + 1386.646 + 1436.182 + 1460.473) / 5 = ฿1431.1498 Mil.
Total Assets at the begining of last year (Mar24) was ฿1,402 Mil.
Long-Term Debt & Capital Lease Obligation was ฿79 Mil.
Total Current Assets was ฿1,193 Mil.
Total Current Liabilities was ฿396 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.

Sino Logistics PCL's current Net Income (TTM) was 39. ==> 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.

Sino Logistics PCL's current Cash Flow from Operations (TTM) was 211. ==> 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 (Mar25)
=38.826/1460.473
=0.02658454

ROA (Last Year)=Net Income/Total Assets (Mar24)
=108.754/1401.543
=0.07759591

Sino Logistics PCL's return on assets of this year was 0.02658454. Sino Logistics PCL's return on assets of last year was 0.07759591. ==> Last year is higher ==> Score 0.

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.

Sino Logistics PCL's current Net Income (TTM) was 39. Sino Logistics PCL's current Cash Flow from Operations (TTM) was 211. ==> 211 > 39 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=88.623/1400.779
=0.06326694

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=78.513/1431.1498
=0.05486009

Sino Logistics PCL's gearing of this year was 0.06326694. Sino Logistics PCL's gearing of last year was 0.05486009. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1019.978/341.77
=2.98439886

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1193.379/396.374
=3.01073986

Sino Logistics PCL's current ratio of this year was 2.98439886. Sino Logistics PCL's current ratio of last year was 3.01073986. ==> Last year's current ratio is higher ==> Score 0.

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.

Sino Logistics PCL's number of shares in issue this year was 846. Sino Logistics PCL's number of shares in issue last year was 1060.2. ==> 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
=424.477/2618.291
=0.16211987

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=513.081/3728.354
=0.13761596

Sino Logistics PCL's gross margin of this year was 0.16211987. Sino Logistics PCL's gross margin of last year was 0.13761596. ==> 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 (Mar25)
=2618.291/1460.473
=1.79276919

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3728.354/1401.543
=2.6601781

Sino Logistics PCL's asset turnover of this year was 1.79276919. Sino Logistics PCL's asset turnover of last year was 2.6601781. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+1+0
=5

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

Sino Logistics PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Sino Logistics PCL (BKK:SINO) has a Piotroski F-Score of 5 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sino Logistics PCL and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Sino Logistics PCL's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Sino Logistics PCL ranks #512 out of 974 companies in the Transportation industry, placing it in the top 52.6%.
Is Sino Logistics PCL's Piotroski F-Score too high?
Sino Logistics PCL's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. Sino Logistics PCL's value of 5 is 16.7% below this industry median. Based on the distribution chart, Sino Logistics PCL ranks #512 out of 974 companies in the Transportation industry, which is below the industry midpoint. Overall, Sino Logistics PCL has a GF Score™ of 19/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sino Logistics PCL's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Sino Logistics PCL ranks #512 out of 974 companies for Piotroski F-Score. This places Sino Logistics PCL in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Sino Logistics PCL's value of 5 is 16.7% below this benchmark. Historically, Sino Logistics PCL's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Sino Logistics PCL has consistently been below 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 974 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. Sino Logistics PCL's current Piotroski F-Score of 5 is 16.7% below 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 Sino Logistics PCL and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Logistics PCL's current Piotroski F-Score is 5, which is 17% below 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 Sino Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, Sino Logistics PCL (BKK:SINO) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.91, compared to a current price of ฿0.90 — trading 1.1% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the Transportation industry median of 6.00. Sino Logistics PCL's overall GF Score™ is 19/100 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 Sino Logistics PCL (BKK:SINO), the current Piotroski F-Score is 5 as of Jul. 02, 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 Sino Logistics PCL (BKK:SINO) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Logistics PCL stock appears to be undervalued. The current stock price of ฿0.90 is trading 1.1% below its estimated GF Value™ of ฿0.91. GuruFocus considers Sino Logistics PCL to be Fairly Valued.

Key valuation signals for BKK:SINO:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: ฿0.91 vs. price of ฿0.90 (1.1% below fair value)
  • GF Score™: 19/100 with 6 warning signs
  • Industry Position: 16.7% below the Transportation median (#512 of 974)

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


Sino Logistics PCL Business Description

Address Rama 3 Road, 7th Floor, Unit No. 05, No. 1011, Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120
Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. The company has four reportable segments, which are sea freight, air freight, and logistics support. It generates the majority of its revenue from Sea freight.
19GF Score

Get the complete analysis for BKK:SINO

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

฿0.90
Price
฿0.91
GF Value