CDGXY (China Dongxiang (Group) Co) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


CDGXY China Dongxiang (Group) Co Ltd CDGXY
49 GF Score
Price $2.47
GF Value $2.76
! 2 Warning Signs
View Full Analysis

What is China Dongxiang (Group) Co Piotroski F-Score?

China Dongxiang (Group) Co CDGXY -8.35% 49 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates CDGXY with a GF Score™ of 49/100 and a GF Value™ of $2.76. The stock has 2 warning signs investors should review. Among 1,053 Manufacturing - Apparel & Accessories companies, China Dongxiang (Group) Co ranks better than 59.92% 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

China Dongxiang (Group) Co 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 China Dongxiang (Group) Co's Piotroski F-Score or its related term are showing as below:

CDGXY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of China Dongxiang (Group) Co was 7. The lowest was 2. And the median was 6.

China Dongxiang (Group) Co  (OTCPK:CDGXY) 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.


China Dongxiang (Group) Co Piotroski F-Score Related Terms


China Dongxiang (Group) Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China Dongxiang (Group) Co'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.

China Dongxiang (Group) Co Piotroski F-Score Chart

China Dongxiang (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 2.00 6.00 7.00 5.00

China Dongxiang (Group) Co Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 7.00 0.00 5.00 0.00

CDGXY vs RL, LEVI, VFC: Piotroski F-Score Comparison

For the Apparel Manufacturing subindustry, China Dongxiang (Group) Co'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.


China Dongxiang (Group) Co Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where China Dongxiang (Group) Co's Piotroski F-Score falls into.


CDGXY
49GF Score
China Dongxiang (Group) Co Ltd CDGXY
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $28.6 Mil.
Cash Flow from Operations was $19.5 Mil.
Revenue was $231.8 Mil.
Gross Profit was $158.9 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (1352.574 + 1385.029) / 2 = $1368.8015 Mil.
Total Assets at the begining of this year (Mar24) was $1,352.6 Mil.
Long-Term Debt & Capital Lease Obligation was $2.7 Mil.
Total Current Assets was $725.1 Mil.
Total Current Liabilities was $91.3 Mil.
Net Income was $-88.8 Mil.

Revenue was $242.2 Mil.
Gross Profit was $165.6 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (1534.897 + 1352.574) / 2 = $1443.7355 Mil.
Total Assets at the begining of last year (Mar23) was $1,534.9 Mil.
Long-Term Debt & Capital Lease Obligation was $2.0 Mil.
Total Current Assets was $623.2 Mil.
Total Current Liabilities was $69.2 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.

China Dongxiang (Group) Co's current Net Income (TTM) was 28.6. ==> 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.

China Dongxiang (Group) Co's current Cash Flow from Operations (TTM) was 19.5. ==> 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 (Mar24)
=28.554/1352.574
=0.02111086

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-88.781/1534.897
=-0.05784167

China Dongxiang (Group) Co's return on assets of this year was 0.02111086. China Dongxiang (Group) Co's return on assets of last year was -0.05784167. ==> 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.

China Dongxiang (Group) Co's current Net Income (TTM) was 28.6. China Dongxiang (Group) Co's current Cash Flow from Operations (TTM) was 19.5. ==> 19.5 <= 28.6 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.722/1368.8015
=0.0019886

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2.049/1443.7355
=0.00141924

China Dongxiang (Group) Co's gearing of this year was 0.0019886. China Dongxiang (Group) Co's gearing of last year was 0.00141924. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=725.086/91.299
=7.94188326

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=623.17/69.154
=9.01133702

China Dongxiang (Group) Co's current ratio of this year was 7.94188326. China Dongxiang (Group) Co's current ratio of last year was 9.01133702. ==> 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.

China Dongxiang (Group) Co's number of shares in issue this year was 117.293. China Dongxiang (Group) Co's number of shares in issue last year was 117.29. ==> 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
=158.942/231.765
=0.68578949

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=165.562/242.175
=0.68364612

China Dongxiang (Group) Co's gross margin of this year was 0.68578949. China Dongxiang (Group) Co's gross margin of last year was 0.68364612. ==> 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 (Mar24)
=231.765/1352.574
=0.17135107

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=242.175/1534.897
=0.15777932

China Dongxiang (Group) Co's asset turnover of this year was 0.17135107. China Dongxiang (Group) Co's asset turnover of last year was 0.15777932. ==> 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+0+0+0+0+1+1
=5

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

China Dongxiang (Group) Co 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?
China Dongxiang (Group) Co (CDGXY) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Dongxiang (Group) Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, China Dongxiang (Group) Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, China Dongxiang (Group) Co ranks #422 out of 1053 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 40.1%.
Is China Dongxiang (Group) Co's Piotroski F-Score too high?
China Dongxiang (Group) Co'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 2.00 to a high of 7.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. China Dongxiang (Group) Co's value of 5 is 0% at this industry median. Based on the distribution chart, China Dongxiang (Group) Co ranks #422 out of 1053 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, China Dongxiang (Group) Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does China Dongxiang (Group) Co's Piotroski F-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, China Dongxiang (Group) Co ranks #422 out of 1053 companies for Piotroski F-Score. This puts China Dongxiang (Group) Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. China Dongxiang (Group) Co's value of 5 is 0% at this benchmark. Historically, China Dongxiang (Group) Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, China Dongxiang (Group) Co 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 a Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,053 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. China Dongxiang (Group) Co's current Piotroski F-Score of 5 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 China Dongxiang (Group) Co and its competitors. For the Manufacturing - Apparel & Accessories 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. China Dongxiang (Group) Co'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 China Dongxiang (Group) Co stock overvalued right now?
China Dongxiang (Group) Co (CDGXY) has a current Piotroski F-Score of 5. The stock's GF Value™ is $2.76, compared to a current price of $2.47 — trading 10.3% 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 0% at the Manufacturing - Apparel & Accessories industry median of 5.00. China Dongxiang (Group) Co's overall GF Score™ is 49/100 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 China Dongxiang (Group) Co (CDGXY), the current Piotroski F-Score is 5 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 China Dongxiang (Group) Co (CDGXY) Overvalued in 2026?

Based on GuruFocus' analysis, China Dongxiang (Group) Co stock appears to be undervalued. The current stock price of $2.47 is trading 10.3% below its estimated GF Value™ of $2.76.

Key valuation signals for CDGXY:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $2.76 vs. price of $2.47 (10.3% below fair value)
  • GF Score™: 49/100 with 2 warning signs
  • Industry Position: 0% at the Manufacturing - Apparel & Accessories median (#422 of 1053)

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


China Dongxiang (Group) Co Business Description

Other Exchanges 03818:Hong Kong4C1:Germany
Address Building 21, No. 2 Jingyuanbei Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176
China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through company-operated retail stores and outlets in China, as well as through its e-commerce channel. It has two segments: China Sporting Goods and Investment. The China Sporting Goods segment engages in the distribution and retail sales of sports apparel under the Kappa brand and the Phenix brand, as well as the franchise fee income from such trademarks for certain products.
49GF Score

Get the complete analysis for CDGXY

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

$2.47
Price
$2.76
GF Value