Hidrovias DO BrasilBSP:HBSA3 +0.54%61 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates BSP:HBSA3 with a GF Score™ of 61/100 and a GF Value™ of R$2.70 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 979 Transportation companies, Hidrovias DO Brasil ranks better than 86.93% 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
Hidrovias DO Brasil 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 Hidrovias DO Brasil's Piotroski F-Score or its related term are showing as below:
BSP:HBSA3'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Hidrovias DO Brasil was 9. The lowest was 3. And the median was 5.
Hidrovias DO Brasil (BSP:HBSA3) 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.
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.
Hidrovias DO Brasil Piotroski F-Score Related Terms
Hidrovias DO Brasil Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hidrovias DO Brasil'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.
BSP:HBSA3 vs FDX, UPS, JBHT: Piotroski F-Score Comparison
For the Integrated Freight & Logistics subindustry, Hidrovias DO Brasil'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.
Hidrovias DO Brasil Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Hidrovias DO Brasil's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hidrovias DO Brasil's Piotroski F-Score falls into.
* 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 80.975 + 116.322 + -361.378 + -34.172 = R$-198 Mil. Cash Flow from Operations was 311.963 + 414.392 + 219.334 + -24.682 = R$921 Mil. Revenue was 622.435 + 650.901 + 486.159 + 445.163 = R$2,205 Mil. Gross Profit was 284.323 + 299.354 + 135.899 + 117.347 = R$837 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6263.774 + 6876.136 + 6901.095 + 6487.308 + 6188.126) / 5 = R$6543.2878 Mil. Total Assets at the begining of this year (Mar25) was R$6,264 Mil. Long-Term Debt & Capital Lease Obligation was R$3,603 Mil. Total Current Assets was R$1,547 Mil. Total Current Liabilities was R$431 Mil.
Net Income was -63.018 + -47.229 + -389.707 + -1.588 = R$-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.
Hidrovias DO Brasil's current Net Income (TTM) was -198.
==> Negative ==> Score 0.
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.
Hidrovias DO Brasil's return on assets of this year was -0.03165073. Hidrovias DO Brasil's return on assets of last year was -0.08178632.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hidrovias DO Brasil's gearing of this year was 0.55056634. Hidrovias DO Brasil's gearing of last year was 0.56194837.
==> 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
Hidrovias DO Brasil's current ratio of this year was 3.58533493. Hidrovias DO Brasil's current ratio of last year was 1.09472542.
==> 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.
Hidrovias DO Brasil's number of shares in issue this year was 1360.382. Hidrovias DO Brasil's number of shares in issue last year was 809.637.
==> 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.
Hidrovias DO Brasil's gross margin of this year was 0.3796158. Hidrovias DO Brasil's gross margin of last year was 0.21758156.
==> 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
Hidrovias DO Brasil's asset turnover of this year was 0.3519696. Hidrovias DO Brasil's asset turnover of last year was 0.24990681.
==> 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
=
0
+
1
+
1
+
1
+
1
+
1
+
0
+
1
+
1
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hidrovias DO Brasil has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Hidrovias DO Brasil (BSP:HBSA3) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hidrovias DO Brasil and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Hidrovias DO Brasil's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Hidrovias DO Brasil ranks #128 out of 979 companies in the Transportation industry, placing it in the top 13.1%.
Is Hidrovias DO Brasil's Piotroski F-Score too high?
Hidrovias DO Brasil's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Hidrovias DO Brasil's value of 7 is 16.7% above this industry median. Based on the distribution chart, Hidrovias DO Brasil ranks #128 out of 979 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Hidrovias DO Brasil has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hidrovias DO Brasil's Piotroski F-Score compare to FDX and UPS?
According to the Transportation industry distribution chart, Hidrovias DO Brasil ranks #128 out of 979 companies for Piotroski F-Score. This places Hidrovias DO Brasil in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Hidrovias DO Brasil's value of 7 is 16.7% above this benchmark. Historically, Hidrovias DO Brasil's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Hidrovias DO Brasil 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Hidrovias DO Brasil's current Piotroski F-Score of 7 is 16.7% 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 Hidrovias DO Brasil 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. Hidrovias DO Brasil's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hidrovias DO Brasil stock overvalued right now?
Based on GuruFocus' analysis, Hidrovias DO Brasil (BSP:HBSA3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$2.70, compared to a current price of R$3.69 — trading 36.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Transportation industry median of 6.00. Hidrovias DO Brasil's overall GF Score™ is 61/100 with 2 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 Hidrovias DO Brasil (BSP:HBSA3), the current Piotroski F-Score is 7 as of Jun. 26, 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 Hidrovias DO Brasil (BSP:HBSA3) Overvalued in 2026?
Based on GuruFocus' analysis, Hidrovias DO Brasil stock appears to be overvalued.
The current stock price of R$3.69 is trading 36.7% above its estimated GF Value™ of R$2.70.
GuruFocus considers Hidrovias DO Brasil to be Significantly Overvalued.
Key valuation signals for BSP:HBSA3:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: R$2.70 vs. price of R$3.69 (36.7% above fair value)
Industry Position: 16.7% above the Transportation median (#128 of 979)
No single metric tells the full story. See the BSP:HBSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hidrovias DO Brasil SA provides integrated logistics solutions for waterway handling and transportation in Brazil and abroad. Its activities include transportation of goods; construction and operation of ports, cargo terminals, shipyards, workshops, and warehouses; river and sea navigation, coastal navigation, and storage of goods; provision of logistics services, either directly or through third parties; other related activities or activities that are somehow related to its business purpose. Its segments include North Corridor, South Corridor, and Santos, with the majority of the revenue deriving from North Corridor segment that provides integrated logistics services for the transportation of products through cargo transshipment and river navigation.
61GF Score
Get the complete analysis for BSP:HBSA3
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:HBSA3 has been successfully added to your 
