Amixa Holding (BUD:AMIXA) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 50% Above Median


BUD:AMIXA Amixa Holding PLC BUD:AMIXA
3 GF Score
Price Ft238.00
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What is Amixa Holding Piotroski F-Score?

Amixa Holding BUD:AMIXA 3 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates BUD:AMIXA with a GF Score™ of 3/100. Among 491 Utilities - Regulated companies, Amixa Holding ranks better than 69.25% 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

Amixa Holding has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BUD:AMIXA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Amixa Holding was 6. The lowest was 2. And the median was 4.

Amixa Holding  (BUD:AMIXA) 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.


Amixa Holding Piotroski F-Score Related Terms


Amixa Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Amixa Holding'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.

Amixa Holding Piotroski F-Score Chart

Amixa Holding 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 5.00 3.00 4.00 3.00 6.00

Amixa Holding 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 4.00 0.00 3.00 0.00 6.00

BUD:AMIXA vs NEE, SO, DUK: Piotroski F-Score Comparison

For the Utilities - Regulated Electric subindustry, Amixa Holding'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.


Amixa Holding Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Amixa Holding's Piotroski F-Score distribution charts can be found below:

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


BUD:AMIXA
3GF Score
Amixa Holding PLC BUD:AMIXA
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 Ft396 Mil.
Cash Flow from Operations was Ft1,523 Mil.
Revenue was Ft16,702 Mil.
Gross Profit was Ft2,332 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (4188.77 + 5466.728) / 2 = Ft4827.749 Mil.
Total Assets at the begining of this year (Dec24) was Ft4,189 Mil.
Long-Term Debt & Capital Lease Obligation was Ft225 Mil.
Total Current Assets was Ft4,120 Mil.
Total Current Liabilities was Ft4,759 Mil.
Net Income was Ft-130 Mil.

Revenue was Ft14,263 Mil.
Gross Profit was Ft1,683 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (71.734 + 4188.77) / 2 = Ft2130.252 Mil.
Total Assets at the begining of last year (Dec23) was Ft72 Mil.
Long-Term Debt & Capital Lease Obligation was Ft267 Mil.
Total Current Assets was Ft3,603 Mil.
Total Current Liabilities was Ft3,761 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.

Amixa Holding's current Net Income (TTM) was 396. ==> 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.

Amixa Holding's current Cash Flow from Operations (TTM) was 1,523. ==> 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)
=396.416/4188.77
=0.09463781

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-130.257/71.734
=-1.8158335

Amixa Holding's return on assets of this year was 0.09463781. Amixa Holding's return on assets of last year was -1.8158335. ==> 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.

Amixa Holding's current Net Income (TTM) was 396. Amixa Holding's current Cash Flow from Operations (TTM) was 1,523. ==> 1,523 > 396 ==> 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
=225.006/4827.749
=0.04660681

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=267.212/2130.252
=0.1254368

Amixa Holding's gearing of this year was 0.04660681. Amixa Holding's gearing of last year was 0.1254368. ==> 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
=4120.323/4758.651
=0.86585946

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3603.374/3760.784
=0.95814437

Amixa Holding's current ratio of this year was 0.86585946. Amixa Holding's current ratio of last year was 0.95814437. ==> 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.

Amixa Holding's number of shares in issue this year was 12.864. Amixa Holding's number of shares in issue last year was 5.253. ==> 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
=2332.243/16702.272
=0.13963627

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1682.831/14262.813
=0.11798731

Amixa Holding's gross margin of this year was 0.13963627. Amixa Holding's gross margin of last year was 0.11798731. ==> 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)
=16702.272/4188.77
=3.98739296

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=14262.813/71.734
=198.82918839

Amixa Holding's asset turnover of this year was 3.98739296. Amixa Holding's asset turnover of last year was 198.82918839. ==> 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+1+1+1+0+0+1+0
=6

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

Amixa Holding has an F-score of 6 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 6 mean?
Amixa Holding (BUD:AMIXA) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Amixa Holding and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Amixa Holding's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Amixa Holding ranks #151 out of 491 companies in the Utilities - Regulated industry, placing it in the top 30.8%.
Is Amixa Holding's Piotroski F-Score too high?
Amixa Holding's current Piotroski F-Score of 6 is 50% above 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 6.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Amixa Holding's value of 6 is 0% at this industry median. Based on the distribution chart, Amixa Holding ranks #151 out of 491 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Amixa Holding has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Amixa Holding's Piotroski F-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Amixa Holding ranks #151 out of 491 companies for Piotroski F-Score. This puts Amixa Holding in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Amixa Holding's value of 6 is 0% at this benchmark. Historically, Amixa Holding's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Amixa Holding has consistently been at 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 Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 491 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. Amixa Holding's current Piotroski F-Score of 6 is 0% at 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 Amixa Holding and its competitors. For the Utilities - Regulated 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. Amixa Holding's current Piotroski F-Score is 6, which is 50% above 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 Amixa Holding stock overvalued right now?
Amixa Holding (BUD:AMIXA) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 0% at the Utilities - Regulated industry median of 6.00. Amixa Holding's overall GF Score™ is 3/100. 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 Amixa Holding (BUD:AMIXA), the current Piotroski F-Score is 6 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.

Amixa Holding Business Description

Address Pannonhalmi ut 36-38, Budapest, HUN, 1118
Amixa Holding PLC formerly Elso Hazai Energia-portfolio PLC is an electricity trading company. It is also engaged in gas trade.
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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