HDL (Super Hi International Holding) Piotroski F-Score: 5 (As of Jul. 26, 2026) — 29% Below Median

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HDL Super Hi International Holding Ltd HDL
59 GF Score
Price $13.19
GF Value $21.25
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Super Hi International Holding Piotroski F-Score?

Super Hi International Holding HDL 59 Piotroski F-Score is 5 as of Jul. 26, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates HDL with a GF Score™ of 59/100 and a GF Value™ of $21.25 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 355 Restaurants companies, Super Hi International Holding ranks better than 53.52% 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

Super Hi International Holding 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 Super Hi International Holding's Piotroski F-Score or its related term are showing as below:

HDL' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 5

During the past 7 years, the highest Piotroski F-Score of Super Hi International Holding was 9. The lowest was 5. And the median was 7.

Super Hi International Holding  (NAS:HDL) 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.


Super Hi International Holding Piotroski F-Score Related Terms


Super Hi International Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Super Hi International 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.

Super Hi International Holding Piotroski F-Score Chart

Super Hi International Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 9.00 8.00 5.00

Super Hi International Holding Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 N/A N/A N/A 5.00 5.00

HDL vs MCD, SBUX, YUM: Piotroski F-Score Comparison

For the Restaurants subindustry, Super Hi International 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.


Super Hi International Holding Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Super Hi International Holding's Piotroski F-Score distribution charts can be found below:

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


HDL
59GF Score
Super Hi International Holding Ltd HDL
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 16.414 + 3.609 + 4.468 + 4.089 = $28.6 Mil.
Cash Flow from Operations was 26.599 + 34.142 + 34.214 + 24.235 = $119.2 Mil.
Revenue was 198.95 + 214.048 + 229.974 + 225.927 = $868.9 Mil.
Gross Profit was 61.045 + 71.79 + 85.146 + 72.667 = $290.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(684.655 + 702.439 + 719.6 + 745.883 + 742.454) / 5 = $719.0062 Mil.
Total Assets at the begining of this year (Mar25) was $684.7 Mil.
Long-Term Debt & Capital Lease Obligation was $181.4 Mil.
Total Current Assets was $349.7 Mil.
Total Current Liabilities was $137.4 Mil.
Net Income was -0.126 + 37.724 + -11.34 + 11.938 = $38.2 Mil.

Revenue was 183.283 + 198.616 + 208.762 + 197.783 = $788.4 Mil.
Gross Profit was 58.857 + 67.323 + 79.732 + 60.784 = $266.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(567.131 + 624.117 + 666.434 + 684.425 + 684.655) / 5 = $645.3524 Mil.
Total Assets at the begining of last year (Mar24) was $567.1 Mil.
Long-Term Debt & Capital Lease Obligation was $168.5 Mil.
Total Current Assets was $324.3 Mil.
Total Current Liabilities was $124.7 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.

Super Hi International Holding'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.

Super Hi International Holding's current Cash Flow from Operations (TTM) was 119.2. ==> 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 (Mar25)
=28.58/684.655
=0.04174365

ROA (Last Year)=Net Income/Total Assets (Mar24)
=38.196/567.131
=0.06734952

Super Hi International Holding's return on assets of this year was 0.04174365. Super Hi International Holding's return on assets of last year was 0.06734952. ==> 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.

Super Hi International Holding's current Net Income (TTM) was 28.6. Super Hi International Holding's current Cash Flow from Operations (TTM) was 119.2. ==> 119.2 > 28.6 ==> 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
=181.392/719.0062
=0.25228155

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=168.45/645.3524
=0.26102018

Super Hi International Holding's gearing of this year was 0.25228155. Super Hi International Holding's gearing of last year was 0.26102018. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=349.65/137.396
=2.54483391

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=324.304/124.72
=2.60025657

Super Hi International Holding's current ratio of this year was 2.54483391. Super Hi International Holding's current ratio of last year was 2.60025657. ==> 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.

Super Hi International Holding's number of shares in issue this year was 58.837. Super Hi International Holding's number of shares in issue last year was 59.69. ==> 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
=290.648/868.899
=0.33450148

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=266.696/788.444
=0.33825611

Super Hi International Holding's gross margin of this year was 0.33450148. Super Hi International Holding's gross margin of last year was 0.33825611. ==> Last year's gross margin is higher ==> Score 0.

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)
=868.899/684.655
=1.26910488

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=788.444/567.131
=1.39023259

Super Hi International Holding's asset turnover of this year was 1.26910488. Super Hi International Holding's asset turnover of last year was 1.39023259. ==> 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+0+1+1+0+1+0+0
=5

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

Super Hi International Holding 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?
Super Hi International Holding (HDL) has a Piotroski F-Score of 5 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Super Hi International Holding and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Super Hi International Holding's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Super Hi International Holding ranks #165 out of 355 companies in the Restaurants industry, placing it in the top 46.5%.
Is Super Hi International Holding's Piotroski F-Score too high?
Super Hi International Holding's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Restaurants industry median Piotroski F-Score is 5.00. Super Hi International Holding's value of 5 is 0% at this industry median. Based on the distribution chart, Super Hi International Holding ranks #165 out of 355 companies in the Restaurants industry, which is above the industry midpoint. Overall, Super Hi International Holding has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Hi International Holding's Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Super Hi International Holding ranks #165 out of 355 companies for Piotroski F-Score. This puts Super Hi International Holding in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Super Hi International Holding's value of 5 is 0% at this benchmark. Historically, Super Hi International Holding's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Super Hi International 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 a Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 355 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. Super Hi International Holding'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 Super Hi International Holding and its competitors. For the Restaurants 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. Super Hi International Holding's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Hi International Holding stock overvalued right now?
Based on GuruFocus' analysis, Super Hi International Holding (HDL) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.25, compared to a current price of $13.19 — trading 37.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Restaurants industry median of 5.00. Super Hi International Holding's overall GF Score™ is 59/100 with 1 warning sign 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 Super Hi International Holding (HDL), the current Piotroski F-Score is 5 as of Jul. 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 Super Hi International Holding (HDL) Overvalued in 2026?

Based on GuruFocus' analysis, Super Hi International Holding stock appears to be undervalued. The current stock price of $13.19 is trading 37.9% below its estimated GF Value™ of $21.25. GuruFocus considers Super Hi International Holding to be Significantly Undervalued.

Key valuation signals for HDL:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: $21.25 vs. price of $13.19 (37.9% below fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 0% at the Restaurants median (#165 of 355)

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


Super Hi International Holding Business Description

Other Exchanges 09658:Hong Kong
Address 1 Paya Lebar Link, No. 09-04 PLQ, 1 Paya Lebar Quarter, Singapore, SGP, 408533
Super Hi International Holding Ltd is an investment holding company, and its subsidiaries are principally engaged in restaurant operations, delivery business, and sales of hot pot condiment products and food ingredients located in the overseas market outside Mainland China, Hong Kong, Macau, and Taiwan. Its mission is to become a world-wide integrated restaurant group, build the world's Chinese cuisine brand, and promote Chinese culinary heritage world-wide.
59GF Score

Get the complete analysis for HDL

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

$13.19
Price
$21.25
GF Value