Suedzucker AG (CHIX:SZUD) Piotroski F-Score: 5 (As of Jul. 14, 2026) — 17% Below Median

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CHIX:SZUD Suedzucker AG CHIX:SZUD
69 GF Score
Price €11.65
GF Value €10.59
! 5 Warning Signs
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What is Suedzucker AG Piotroski F-Score?

Suedzucker AG CHIX:SZUD 69 Piotroski F-Score is 5 as of Jul. 14, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates CHIX:SZUD with a GF Score™ of 69/100 and a GF Value™ of €10.59. The stock has 5 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Suedzucker AG ranks worse than 66.93% 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

Suedzucker AG 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 Suedzucker AG's Piotroski F-Score or its related term are showing as below:

CHIX:SZUd' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Suedzucker AG was 8. The lowest was 3. And the median was 6.

Suedzucker AG  (CHIX:SZUd) 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.


Suedzucker AG Piotroski F-Score Related Terms


Suedzucker AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Suedzucker AG'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.

Suedzucker AG Piotroski F-Score Chart

Suedzucker AG Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 7.00 3.00 4.00

Suedzucker AG Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 5.00 5.00 4.00 5.00

CHIX:SZUD vs KHC, GIS, HRL: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Suedzucker AG'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.


Suedzucker AG Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Suedzucker AG's Piotroski F-Score distribution charts can be found below:

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


CHIX:SZUD
69GF Score
Suedzucker AG CHIX:SZUD
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 (May26) TTM:Last Year (May25) TTM:
Net Income was -32 + 3 + -303 + 6 = €-326 Mil.
Cash Flow from Operations was 264 + -4 + 211 + 2 = €473 Mil.
Revenue was 2046 + 2156 + 1997 + 2058 = €8,257 Mil.
Gross Profit was 621 + 2156 + 1997 + 2058 = €6,832 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(9245 + 8498 + 8844 + 8398 + 8084) / 5 = €8613.8 Mil.
Total Assets at the begining of this year (May25) was €9,245 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €3,852 Mil.
Total Current Liabilities was €1,777 Mil.
Net Income was 59 + -119 + -101 + -30 = €-191 Mil.

Revenue was 2541 + 2374 + 2228 + 2153 = €9,296 Mil.
Gross Profit was 744 + 2374 + 2228 + 2153 = €7,499 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(9656 + 8936 + 9174 + 9496 + 9245) / 5 = €9301.4 Mil.
Total Assets at the begining of last year (May24) was €9,656 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €4,801 Mil.
Total Current Liabilities was €2,666 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.

Suedzucker AG's current Net Income (TTM) was -326. ==> 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.

Score 1 if positive, 0 if negative.

Suedzucker AG's current Cash Flow from Operations (TTM) was 473. ==> 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 (May25)
=-326/9245
=-0.0352623

ROA (Last Year)=Net Income/Total Assets (May24)
=-191/9656
=-0.01978045

Suedzucker AG's return on assets of this year was -0.0352623. Suedzucker AG's return on assets of last year was -0.01978045. ==> 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.

Suedzucker AG's current Net Income (TTM) was -326. Suedzucker AG's current Cash Flow from Operations (TTM) was 473. ==> 473 > -326 ==> 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: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=0/8613.8
=0

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=0/9301.4
=0

Suedzucker AG's gearing of this year was 0. Suedzucker AG's gearing of last year was 0. ==> 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: May26)=Total Current Assets/Total Current Liabilities
=3852/1777
=2.16769837

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=4801/2666
=1.80082521

Suedzucker AG's current ratio of this year was 2.16769837. Suedzucker AG's current ratio of last year was 1.80082521. ==> 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.

Suedzucker AG's number of shares in issue this year was 204.2. Suedzucker AG's number of shares in issue last year was 204.1. ==> 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
=6832/8257
=0.82741916

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7499/9296
=0.80669105

Suedzucker AG's gross margin of this year was 0.82741916. Suedzucker AG's gross margin of last year was 0.80669105. ==> 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 (May25)
=8257/9245
=0.89313142

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=9296/9656
=0.96271748

Suedzucker AG's asset turnover of this year was 0.89313142. Suedzucker AG's asset turnover of last year was 0.96271748. ==> 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
=0+1+0+1+1+1+0+1+0
=5

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

Suedzucker AG 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?
Suedzucker AG (CHIX:SZUD) has a Piotroski F-Score of 5 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Suedzucker AG and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Suedzucker AG's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Suedzucker AG ranks #1281 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Suedzucker AG's Piotroski F-Score too high?
Suedzucker AG'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 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Suedzucker AG's value of 5 is 0% at this industry median. Based on the distribution chart, Suedzucker AG ranks #1281 out of 1914 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Suedzucker AG has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Suedzucker AG's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Suedzucker AG ranks #1281 out of 1914 companies for Piotroski F-Score. This places Suedzucker AG in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Suedzucker AG's value of 5 is 0% at this benchmark. Historically, Suedzucker AG's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Suedzucker AG 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Suedzucker AG'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 Suedzucker AG and its competitors. For the Consumer Packaged Goods 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. Suedzucker AG'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 Suedzucker AG stock overvalued right now?
Suedzucker AG (CHIX:SZUD) has a current Piotroski F-Score of 5. The stock's GF Value™ is €10.59, compared to a current price of €11.65 — trading 10% above 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 Consumer Packaged Goods industry median of 5.00. Suedzucker AG's overall GF Score™ is 69/100 with 5 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 Suedzucker AG (CHIX:SZUD), the current Piotroski F-Score is 5 as of Jul. 14, 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 Suedzucker AG (CHIX:SZUD) Overvalued in 2026?

Based on GuruFocus' analysis, Suedzucker AG stock appears to be overvalued. The current stock price of €11.65 is trading 10% above its estimated GF Value™ of €10.59.

Key valuation signals for CHIX:SZUD:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: €10.59 vs. price of €11.65 (10% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#1281 of 1914)

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


Suedzucker AG Business Description

Address Maximilianstrasse 10, Mannheim, DEU, 68165
Suedzucker AG has five segments: Sugar, Special products, Crop energies, starch, and Fruit. The Sugar segment produces Sugar, sugar specialty products, animal feed, and fertilizer. Special products produce frozen pizzas, baguettes, snacks, pasta, food ingredients, animal feed, starch, and pharmaceuticals. Crop energies produce bioethanol, protein-based food, and liquid carbon dioxide. The fruit segment makes juice concentrates, pure juice, wines, and beverage bases. Suedzucker sells its products to retailers and companies in the food, beverage, agriculture, paper, textile, chemicals, pharmaceuticals, cosmetics, animal feed, and petroleum industries. Germany is Suedzucker's primary market, and the company generates the majority of its revenue in European Union countries.
69GF Score

Get the complete analysis for CHIX:SZUD

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

€11.65
Price
€10.59
GF Value