EverChina Int'l Holdings Co (FRA:ICHA) Piotroski F-Score: 4 (As of Aug. 24, 2026) — 20% Below Median

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What is EverChina Int'l Holdings Co Piotroski F-Score?

EverChina Int'l Holdings Co FRA:ICHA Piotroski F-Score is 4 as of Aug. 24, 2026, which is 20% below its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 545 Conglomerates companies, EverChina Int'l Holdings Co ranks worse than 70.46% 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

EverChina Int'l Holdings Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for EverChina Int'l Holdings Co's Piotroski F-Score or its related term are showing as below:

FRA:ICHA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of EverChina Int'l Holdings Co was 8. The lowest was 3. And the median was 5.

EverChina Int'l Holdings Co  (FRA:ICHA) 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.


EverChina Int'l Holdings Co Piotroski F-Score Related Terms


EverChina Int'l Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for EverChina Int'l Holdings 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.

EverChina Int'l Holdings Co Piotroski F-Score Chart

EverChina Int'l Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 3.00 6.00 4.00

EverChina Int'l Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.00 0.00 6.00 0.00 4.00

FRA:ICHA vs MMM, HON: Piotroski F-Score Comparison

For the Conglomerates subindustry, EverChina Int'l Holdings 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.


EverChina Int'l Holdings Co Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, EverChina Int'l Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where EverChina Int'l Holdings Co's Piotroski F-Score falls into.


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 €-7.41 Mil.
Cash Flow from Operations was €-4.09 Mil.
Revenue was €14.07 Mil.
Gross Profit was €6.72 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (191.775 + 146.556) / 2 = €169.1655 Mil.
Total Assets at the begining of this year (Mar25) was €191.78 Mil.
Long-Term Debt & Capital Lease Obligation was €0.02 Mil.
Total Current Assets was €18.50 Mil.
Total Current Liabilities was €35.03 Mil.
Net Income was €-4.79 Mil.

Revenue was €12.87 Mil.
Gross Profit was €5.74 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (184.009 + 191.775) / 2 = €187.892 Mil.
Total Assets at the begining of last year (Mar24) was €184.01 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €51.35 Mil.
Total Current Liabilities was €57.77 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.

EverChina Int'l Holdings Co's current Net Income (TTM) was -7.41. ==> 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.

EverChina Int'l Holdings Co's current Cash Flow from Operations (TTM) was -4.09. ==> 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)
=-7.405/191.775
=-0.03861296

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-4.785/184.009
=-0.02600416

EverChina Int'l Holdings Co's return on assets of this year was -0.03861296. EverChina Int'l Holdings Co's return on assets of last year was -0.02600416. ==> 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.

EverChina Int'l Holdings Co's current Net Income (TTM) was -7.41. EverChina Int'l Holdings Co's current Cash Flow from Operations (TTM) was -4.09. ==> -4.09 > -7.41 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0.024/169.1655
=0.00014187

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/187.892
=0

EverChina Int'l Holdings Co's gearing of this year was 0.00014187. EverChina Int'l Holdings Co's gearing of last year was 0. ==> 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
=18.496/35.033
=0.52795935

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=51.349/57.772
=0.88882157

EverChina Int'l Holdings Co's current ratio of this year was 0.52795935. EverChina Int'l Holdings Co's current ratio of last year was 0.88882157. ==> 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.

EverChina Int'l Holdings Co's number of shares in issue this year was 7294.369. EverChina Int'l Holdings Co's number of shares in issue last year was 7294.369. ==> 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
=6.719/14.072
=0.477473

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.743/12.874
=0.4460929

EverChina Int'l Holdings Co's gross margin of this year was 0.477473. EverChina Int'l Holdings Co's gross margin of last year was 0.4460929. ==> 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 (Mar25)
=14.072/191.775
=0.07337766

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12.874/184.009
=0.06996397

EverChina Int'l Holdings Co's asset turnover of this year was 0.07337766. EverChina Int'l Holdings Co's asset turnover of last year was 0.06996397. ==> 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
=0+0+0+1+0+0+1+1+1
=4

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

EverChina Int'l Holdings Co has an F-score of 4 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 4 mean?
EverChina Int'l Holdings Co (FRA:ICHA) has a Piotroski F-Score of 4 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on EverChina Int'l Holdings Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, EverChina Int'l Holdings Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, EverChina Int'l Holdings Co ranks #384 out of 545 companies in the Conglomerates industry, placing it in the top 70.5%.
Is EverChina Int'l Holdings Co's Piotroski F-Score too high?
EverChina Int'l Holdings Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. EverChina Int'l Holdings Co's value of 4 is 20% below this industry median. Based on the distribution chart, EverChina Int'l Holdings Co ranks #384 out of 545 companies in the Conglomerates industry, which is below the industry midpoint.
How does EverChina Int'l Holdings Co's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, EverChina Int'l Holdings Co ranks #384 out of 545 companies for Piotroski F-Score. This places EverChina Int'l Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. EverChina Int'l Holdings Co's value of 4 is 20% below this benchmark. Historically, EverChina Int'l Holdings Co'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 5.00 vs. the industry median of 5.00, EverChina Int'l Holdings Co 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 a Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 545 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. EverChina Int'l Holdings Co's current Piotroski F-Score of 4 is 20% 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 EverChina Int'l Holdings Co and its competitors. For the Conglomerates 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. EverChina Int'l Holdings Co's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EverChina Int'l Holdings Co stock overvalued right now?
EverChina Int'l Holdings Co (FRA:ICHA) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Conglomerates industry median of 5.00. 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 EverChina Int'l Holdings Co (FRA:ICHA), the current Piotroski F-Score is 4 as of Aug. 24, 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.

EverChina Int'l Holdings Co Business Description

Other Exchanges 00202:Hong Kong
Address 151 Gloucester Road, Capital Centre, Unit 1506, 15th Floor, Wanchai, Hong Kong, HKG
EverChina Int'l Holdings Co Ltd is a Hong Kong-based investment holding company. The company's operating segment include Property investment operation, and Agricultural operation. Property investment operation segment is engaged in the leasing of rental property in PRC and Hong Kong. Agricultural operation segment is engaged in the agricultural farming, cattle raising and sales of cattle, soybean, corn, and rice in the Plurinational State of Bolivia. It generates maximum revenue from the Agricultural operation segment. Geographically, it derives a majority of revenue from Bolivia.