Boafra Sementes (BSP:SOJA3) Piotroski F-Score: 3 (As of Jul. 21, 2026) — 25% Below Median

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BSP:SOJA3 Boa Safra Sementes SA BSP:SOJA3
71 GF Score
Price R$5.96
GF Value R$15.87
Valuation Possible Value Trap
! 11 Warning Signs
View Full Analysis

What is Boafra Sementes Piotroski F-Score?

Boafra Sementes BSP:SOJA3 -1.32% 71 Piotroski F-Score is 3 as of Jul. 21, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates BSP:SOJA3 with a GF Score™ of 71/100 and a GF Value™ of R$15.87 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 251 Agriculture companies, Boafra Sementes ranks worse than 78.09% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Boafra Sementes has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BSP:SOJA3' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 3

During the past 8 years, the highest Piotroski F-Score of Boafra Sementes was 7. The lowest was 2. And the median was 4.

Boafra Sementes  (BSP:SOJA3) 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.


Boafra Sementes Piotroski F-Score Related Terms


Boafra Sementes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Boafra Sementes'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.

Boafra Sementes Piotroski F-Score Chart

Boafra Sementes Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 4.00 6.00 2.00 4.00

Boafra Sementes Quarterly Data
Jun21 Sep21 Dec21 Mar22 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 Premium Member Only Premium Member Only Premium Member Only 2.00 3.00 3.00 4.00 3.00

BSP:SOJA3 vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, Boafra Sementes'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.


Boafra Sementes Piotroski F-Score vs Agriculture Industry

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

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


BSP:SOJA3
71GF Score
Boa Safra Sementes SA BSP:SOJA3
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 5.628 + 35.025 + -21.371 + 5.376 = R$25 Mil.
Cash Flow from Operations was -212.965 + 185.653 + 28.955 + -99.696 = R$-98 Mil.
Revenue was 125.124 + 1129.209 + 1231.655 + 132.079 = R$2,618 Mil.
Gross Profit was 47.202 + 146.314 + 58.992 + 27.126 = R$280 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3474.845 + 3586.824 + 4102.58 + 3608.313 + 3463.523) / 5 = R$3647.217 Mil.
Total Assets at the begining of this year (Mar25) was R$3,475 Mil.
Long-Term Debt & Capital Lease Obligation was R$1,597 Mil.
Total Current Assets was R$2,353 Mil.
Total Current Liabilities was R$512 Mil.
Net Income was 4.371 + 35.038 + 60.031 + 0.311 = R$100 Mil.

Revenue was 87.143 + 721.688 + 954.067 + 109.63 = R$1,873 Mil.
Gross Profit was 31.101 + 92.423 + 115.402 + -0.158 = R$239 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2633.34 + 3201.582 + 2862.762 + 2666.602 + 3474.845) / 5 = R$2967.8262 Mil.
Total Assets at the begining of last year (Mar24) was R$2,633 Mil.
Long-Term Debt & Capital Lease Obligation was R$782 Mil.
Total Current Assets was R$2,519 Mil.
Total Current Liabilities was R$729 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.

Boafra Sementes's current Net Income (TTM) was 25. ==> 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.

Boafra Sementes's current Cash Flow from Operations (TTM) was -98. ==> Negative ==> Score 0.

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)
=24.658/3474.845
=0.00709614

ROA (Last Year)=Net Income/Total Assets (Mar24)
=99.751/2633.34
=0.03788003

Boafra Sementes's return on assets of this year was 0.00709614. Boafra Sementes's return on assets of last year was 0.03788003. ==> 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.

Boafra Sementes's current Net Income (TTM) was 25. Boafra Sementes's current Cash Flow from Operations (TTM) was -98. ==> -98 <= 25 ==> CFROA <= ROA ==> Score 0.

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
=1597.223/3647.217
=0.43792925

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=782.157/2967.8262
=0.26354542

Boafra Sementes's gearing of this year was 0.43792925. Boafra Sementes's gearing of last year was 0.26354542. ==> 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
=2353.462/511.902
=4.59748546

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2518.823/728.721
=3.45649844

Boafra Sementes's current ratio of this year was 4.59748546. Boafra Sementes's current ratio of last year was 3.45649844. ==> 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.

Boafra Sementes's number of shares in issue this year was 126.27. Boafra Sementes's number of shares in issue last year was 125.113. ==> 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
=279.634/2618.067
=0.10680934

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=238.768/1872.528
=0.12751104

Boafra Sementes's gross margin of this year was 0.10680934. Boafra Sementes's gross margin of last year was 0.12751104. ==> Last year's gross margin is higher ==> Score 0.

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)
=2618.067/3474.845
=0.75343418

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1872.528/2633.34
=0.71108478

Boafra Sementes's asset turnover of this year was 0.75343418. Boafra Sementes's asset turnover of last year was 0.71108478. ==> 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+0+0+0+0+1+0+0+1
=3

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

Boafra Sementes has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Boafra Sementes (BSP:SOJA3) has a Piotroski F-Score of 3 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Boafra Sementes and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Boafra Sementes' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Boafra Sementes ranks #196 out of 251 companies in the Agriculture industry, placing it in the top 78.1%.
Is Boafra Sementes' Piotroski F-Score too high?
Boafra Sementes' current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Agriculture industry median Piotroski F-Score is 5.00. Boafra Sementes' value of 3 is 40% below this industry median. Based on the distribution chart, Boafra Sementes ranks #196 out of 251 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Boafra Sementes has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Boafra Sementes' Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Boafra Sementes ranks #196 out of 251 companies for Piotroski F-Score. This places Boafra Sementes in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Boafra Sementes' value of 3 is 40% below this benchmark. Historically, Boafra Sementes' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Boafra Sementes 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 an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 251 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. Boafra Sementes's current Piotroski F-Score of 3 is 40% 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 Boafra Sementes and its competitors. For the Agriculture 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. Boafra Sementes's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boafra Sementes stock overvalued right now?
Based on GuruFocus' analysis, Boafra Sementes (BSP:SOJA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$15.87, compared to a current price of R$5.96 — trading 62.4% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Agriculture industry median of 5.00. Boafra Sementes' overall GF Score™ is 71/100 with 11 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 Boafra Sementes (BSP:SOJA3), the current Piotroski F-Score is 3 as of Jul. 21, 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 Boafra Sementes (BSP:SOJA3) Overvalued in 2026?

Based on GuruFocus' analysis, Boafra Sementes stock appears to be undervalued. The current stock price of R$5.96 is trading 62.4% below its estimated GF Value™ of R$15.87. GuruFocus considers Boafra Sementes to be Possible Value Trap.

Key valuation signals for BSP:SOJA3:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: R$15.87 vs. price of R$5.96 (62.4% below fair value)
  • GF Score™: 71/100 with 11 warning signs
  • Industry Position: 40% below the Agriculture median (#196 of 251)

No single metric tells the full story. See the BSP:SOJA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boafra Sementes Business Description

Address Avenue Circular no.211 - A, 1 Setor Industrial, Formosa, GO, BRA, 73813-170
Boa Safra Sementes SA is engaged in the production of soybean seeds in Brazil. With the production of certified seeds in partnership with the technology providers, it offers treatments with various chemical and genetic components adapted to ensure high rates of germination and vigor. Its complete portfolio of quality soy seeds also includes corn and bean seeds.
71GF Score

Get the complete analysis for BSP:SOJA3

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

R$5.96
Price
R$15.87
GF Value