CCIAM Future Energy (HKSE:00145) Piotroski F-Score: 0 (As of Aug. 22, 2026)

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HKSE:00145 CCIAM Future Energy Ltd HKSE:00145
35 GF Score
Price HK$0.21
GF Value HK$0.16
Valuation Modestly Overvalued
! 6 Warning Signs
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What is CCIAM Future Energy Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 0 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

CCIAM Future Energy has an F-score of 0. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for CCIAM Future Energy's Piotroski F-Score or its related term are showing as below:

During the past 13 years, the highest Piotroski F-Score of CCIAM Future Energy was 5. The lowest was 0. And the median was 4.

CCIAM Future Energy  (HKSE:00145) 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.

CCIAM Future Energy Piotroski F-Score Related Terms

CCIAM Future Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CCIAM Future Energy'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.

CCIAM Future Energy Piotroski F-Score Chart

CCIAM Future Energy 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 3.00 3.00 4.00 4.00 0.00

CCIAM Future Energy Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only 4.00 0.00 4.00 0.00 0.00
HKSE:00145
35GF Score
CCIAM Future Energy Ltd HKSE:00145
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 HK$-21.03 Mil.
Cash Flow from Operations was HK$-23.34 Mil.
Revenue was HK$50.89 Mil.
Gross Profit was HK$6.62 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (64.275 + 73.291) / 2 = HK$68.783 Mil.
Total Assets at the begining of this year (Dec24) was HK$64.28 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.34 Mil.
Total Current Assets was HK$66.82 Mil.
Total Current Liabilities was HK$20.93 Mil.		 Net Income was HK$-16.11 Mil.

Revenue was HK$51.90 Mil.
Gross Profit was HK$6.88 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (57.913 + 64.275) / 2 = HK$61.094 Mil.
Total Assets at the begining of last year (Dec23) was HK$57.91 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.04 Mil.
Total Current Assets was HK$56.63 Mil.
Total Current Liabilities was HK$16.02 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.

CCIAM Future Energy's current Net Income (TTM) was -21.03. ==> 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.

CCIAM Future Energy's current Cash Flow from Operations (TTM) was -23.34. ==> 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 (Dec24)
=-21.034/64.275
=-0.3272501

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-16.111/57.913
=-0.27819315

CCIAM Future Energy's return on assets of this year was -0.3272501. CCIAM Future Energy's return on assets of last year was -0.27819315. ==> 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.

CCIAM Future Energy's current Net Income (TTM) was -21.03. CCIAM Future Energy's current Cash Flow from Operations (TTM) was -23.34. ==> -23.34 <= -21.03 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.344/68.783
=0.00500124

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.038/61.094
=0.00062199

CCIAM Future Energy's gearing of this year was 0.00500124. CCIAM Future Energy's gearing of last year was 0.00062199. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=66.823/20.926
=3.1933002

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=56.629/16.017
=3.53555597

CCIAM Future Energy's current ratio of this year was 3.1933002. CCIAM Future Energy's current ratio of last year was 3.53555597. ==> 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.

CCIAM Future Energy's number of shares in issue this year was 255.8. CCIAM Future Energy's number of shares in issue last year was 170.798. ==> 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
=6.615/50.893
=0.12997858

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6.876/51.9
=0.13248555

CCIAM Future Energy's gross margin of this year was 0.12997858. CCIAM Future Energy's gross margin of last year was 0.13248555. ==> 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 (Dec24)
=50.893/64.275
=0.79180086

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=51.9/57.913
=0.89617184

CCIAM Future Energy's asset turnover of this year was 0.79180086. CCIAM Future Energy's asset turnover of last year was 0.89617184. ==> 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+0+0+0+0+0+0+0+0
=0

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

CCIAM Future Energy has an F-score of 0. It is a bad or low score, which usually implies poor business operation.

Is CCIAM Future Energy (HKSE:00145) Overvalued in 2026?

Based on GuruFocus' analysis, CCIAM Future Energy stock appears to be overvalued. The current stock price of HK$0.21 is trading 29.4% above its estimated GF Value™ of HK$0.16. GuruFocus considers CCIAM Future Energy to be Modestly Overvalued.

Key valuation signals for HKSE:00145:

  • Piotroski F-Score: 0
  • GF Value™: HK$0.16 vs. price of HK$0.21 (29.4% above fair value)
  • GF Score™: 35/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00145 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CCIAM Future Energy Business Description

Address 9-23 Shell Street, Unit D, 7th Floor, Seabright Plaza, North Point, Hong Kong, HKG
CCIAM Future Energy Ltd is engaged in design and provision of energy saving solutions, provision of loan financing services and treasury investments. The energy saving business of the Group includes provision of energy saving solution related consultation, design, implementation and comprehensive coordination services; provision of maintenance services related to heating, ventilation and air conditioning system. Its segments include Energy saving business, and Loan financing business. It derives revenue from Energy saving business. The group operates in Chinese Mainland, Hong Kong and Macau with majority of revenue from Hong Kong.
35GF Score

Get the complete analysis for HKSE:00145

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

HK$0.21
Price
HK$0.16
GF Value