China Risun Group (FRA:45Y) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 17% Above Median


FRA:45Y China Risun Group Ltd FRA:45Y
53 GF Score
Price €0.22
GF Value €0.32
Valuation Possible Value Trap
! 9 Warning Signs
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What is China Risun Group Piotroski F-Score?

China Risun Group FRA:45Y -9.02% 53 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:45Y with a GF Score™ of 53/100 and a GF Value™ of €0.32 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,567 Chemicals companies, China Risun Group ranks better than 90.36% 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

China Risun Group 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 China Risun Group's Piotroski F-Score or its related term are showing as below:

FRA:45Y' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 11 years, the highest Piotroski F-Score of China Risun Group was 8. The lowest was 3. And the median was 6.

China Risun Group  (FRA:45Y) 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 Risun Group Piotroski F-Score Related Terms


China Risun Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China Risun Group'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 Risun Group Piotroski F-Score Chart

China Risun Group 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 6.00 3.00 6.00 7.00 7.00

China Risun Group Semi-Annual Data
Dec15 Dec16 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 6.00 0.00 7.00 0.00 7.00

FRA:45Y vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, China Risun Group'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 Risun Group Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Risun Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where China Risun Group's Piotroski F-Score falls into.


FRA:45Y
53GF Score
China Risun Group Ltd FRA:45Y
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €7 Mil.
Cash Flow from Operations was €420 Mil.
Revenue was €4,764 Mil.
Gross Profit was €372 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (7849.259 + 7500.756) / 2 = €7675.0075 Mil.
Total Assets at the begining of this year (Dec24) was €7,849 Mil.
Long-Term Debt & Capital Lease Obligation was €1,078 Mil.
Total Current Assets was €2,788 Mil.
Total Current Liabilities was €4,510 Mil.
Net Income was €3 Mil.

Revenue was €6,236 Mil.
Gross Profit was €458 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (6914.07 + 7849.259) / 2 = €7381.6645 Mil.
Total Assets at the begining of last year (Dec23) was €6,914 Mil.
Long-Term Debt & Capital Lease Obligation was €1,245 Mil.
Total Current Assets was €2,768 Mil.
Total Current Liabilities was €4,433 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 Risun Group's current Net Income (TTM) was 7. ==> 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 Risun Group's current Cash Flow from Operations (TTM) was 420. ==> 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)
=7.034/7849.259
=0.00089614

ROA (Last Year)=Net Income/Total Assets (Dec23)
=2.641/6914.07
=0.00038197

China Risun Group's return on assets of this year was 0.00089614. China Risun Group's return on assets of last year was 0.00038197. ==> 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 Risun Group's current Net Income (TTM) was 7. China Risun Group's current Cash Flow from Operations (TTM) was 420. ==> 420 > 7 ==> 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
=1078.054/7675.0075
=0.14046292

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1244.821/7381.6645
=0.1686369

China Risun Group's gearing of this year was 0.14046292. China Risun Group's gearing of last year was 0.1686369. ==> 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
=2787.676/4510.379
=0.61805804

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2768.039/4432.98
=0.62441947

China Risun Group's current ratio of this year was 0.61805804. China Risun Group's current ratio of last year was 0.62441947. ==> 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 Risun Group's number of shares in issue this year was 4309.24. China Risun Group's number of shares in issue last year was 4364.323. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=371.549/4763.553
=0.07799829

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=457.721/6236.12
=0.07339836

China Risun Group's gross margin of this year was 0.07799829. China Risun Group's gross margin of last year was 0.07339836. ==> 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)
=4763.553/7849.259
=0.60687932

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6236.12/6914.07
=0.90194632

China Risun Group's asset turnover of this year was 0.60687932. China Risun Group's asset turnover of last year was 0.90194632. ==> 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+1+1+0
=7

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

China Risun Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
China Risun Group (FRA:45Y) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Risun Group and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, China Risun Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, China Risun Group ranks #151 out of 1567 companies in the Chemicals industry, placing it in the top 9.6%.
Is China Risun Group's Piotroski F-Score too high?
China Risun Group's current Piotroski F-Score of 7 is 17% above 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 Chemicals industry median Piotroski F-Score is 5.00. China Risun Group's value of 7 is 40% above this industry median. Based on the distribution chart, China Risun Group ranks #151 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, China Risun Group has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Risun Group's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, China Risun Group ranks #151 out of 1567 companies for Piotroski F-Score. This places China Risun Group in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. China Risun Group's value of 7 is 40% above this benchmark. Historically, China Risun Group'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, China Risun Group 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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 Risun Group's current Piotroski F-Score of 7 is 40% 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 China Risun Group and its competitors. For the Chemicals 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 Risun Group's current Piotroski F-Score is 7, which is 17% above 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 Risun Group stock overvalued right now?
Based on GuruFocus' analysis, China Risun Group (FRA:45Y) is currently considered Possible Value Trap. The stock's GF Value™ is €0.32, compared to a current price of €0.22 — trading 30.6% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. China Risun Group's overall GF Score™ is 53/100 with 9 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 Risun Group (FRA:45Y), the current Piotroski F-Score is 7 as of Jun. 28, 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 Risun Group (FRA:45Y) Overvalued in 2026?

Based on GuruFocus' analysis, China Risun Group stock appears to be undervalued. The current stock price of €0.22 is trading 30.6% below its estimated GF Value™ of €0.32. GuruFocus considers China Risun Group to be Possible Value Trap.

Key valuation signals for FRA:45Y:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €0.32 vs. price of €0.22 (30.6% below fair value)
  • GF Score™: 53/100 with 9 warning signs
  • Industry Position: 40% above the Chemicals median (#151 of 1567)

No single metric tells the full story. See the FRA:45Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Risun Group Business Description

Other Exchanges 01907:Hong Kong
Address Sihezhuang No. 2 Road, Building 1, Risun Plaza, Huaxiang Town, Fengtai District, Beijing, CHN, 100070
China Risun Group Ltd is an integrated coke, coking chemical, and refined chemical producer and supplier in China. The company's reportable segments are Coke and coking chemicals manufacturing, Refined chemicals manufacturing, Operation management, Trading, and Others. It generates key revenue from the Refined Chemicals manufacturing segment and Coke and Coking Manufacturing segment. The Refined Chemicals manufacturing segment includes the purchase of coking chemicals from the group's coke and coking chemicals manufacturing segment and third parties, and processing such coking chemicals into refined chemical products. The Coke and coking chemicals manufacturing segment includes the production and sale of coke and a series of coking chemicals from externally sourced coking coals processed.
53GF Score

Get the complete analysis for FRA:45Y

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

€0.22
Price
€0.32
GF Value