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Minmetals Land (HKSE:00230) 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.
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.
Minmetals Land Piotroski F-Score Related Terms
Minmetals Land Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Minmetals Land'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.
Minmetals Land Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, Minmetals Land'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.
Minmetals Land Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Minmetals Land's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Minmetals Land's Piotroski F-Score falls into.
* 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.
*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.
Minmetals Land's current Net Income (TTM) was -3,521.
==> 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.
Minmetals Land's return on assets of this year was -0.06571498. Minmetals Land's return on assets of last year was -0.01506993.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Minmetals Land's gearing of this year was 0.1139163. Minmetals Land's gearing of last year was 0.13386419.
==> 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
Minmetals Land's current ratio of this year was 1.36923835. Minmetals Land's current ratio of last year was 1.53377552.
==> 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.
Minmetals Land's number of shares in issue this year was 3346.908. Minmetals Land's number of shares in issue last year was 3346.908.
==> 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.
Minmetals Land's gross margin of this year was 0.06124706. Minmetals Land's gross margin of last year was 0.1720064.
==> 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
Minmetals Land's asset turnover of this year was 0.18446902. Minmetals Land's asset turnover of last year was 0.18743577.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Minmetals Land has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Minmetals Land (HKSE:00230) has a Piotroski F-Score of 4 as of Sep. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Minmetals Land and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Minmetals Land's Piotroski F-Score has ranged from 2.00 to 7.00.
Is Minmetals Land's Piotroski F-Score too high?
Minmetals Land'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 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Minmetals Land's value of 4 is 20% below this industry median. Overall, Minmetals Land has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Minmetals Land's Piotroski F-Score compare to competitors?
Minmetals Land's Piotroski F-Score of 4 can be compared against companies in the Real Estate industry. The industry median Piotroski F-Score is 5.00. Minmetals Land's value of 4 is 20% below this benchmark. Historically, Minmetals Land's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Minmetals Land 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,748 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. Minmetals Land'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 Minmetals Land and its competitors. For the Real Estate 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. Minmetals Land'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 Minmetals Land stock overvalued right now?
Minmetals Land (HKSE:00230) has a current Piotroski F-Score of 4. The stock's GF Value™ is HK$0.24, compared to a current price of HK$1.00 — trading 316.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Real Estate industry median of 5.00. Minmetals Land's overall GF Score™ is 39/100 with 7 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 Minmetals Land (HKSE:00230), the current Piotroski F-Score is 4 as of Sep. 12, 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 Minmetals Land (HKSE:00230) Overvalued in 2026?
Based on GuruFocus' analysis, Minmetals Land stock appears to be overvalued.
The current stock price of HK$1.00 is trading 316.7% above its estimated GF Value™ of HK$0.24.
Key valuation signals for HKSE:00230:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: HK$0.24 vs. price of HK$1.00 (316.7% above fair value)
Industry Position: 20% below the Real Estate median
No single metric tells the full story. See the HKSE:00230 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minmetals Land Ltd is a Hong Kong-based investment holding company. The firm has three operating segments which are Real estate development, Specialised construction, and Property investment. Its real estate development business, which is the key revenue-generating segment, covers the development and sales of residential and commercial properties. The Specialised construction segment includes design, installation and selling of curtain walls and aluminum windows, doors and other materials. The Property Investment segment is engaged in Holding of properties to generate rental income. The group operates in Hong Kong and Mainland China.
39GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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