Sino ICT Holdings (HKSE:00365) Piotroski F-Score: 8 (As of Aug. 17, 2026) — 60% Above Median

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HKSE:00365 Sino ICT Holdings Ltd HKSE:00365
34 GF Score
Price HK$0.41
GF Value HK$0.38
Valuation Fairly Valued
! 3 Warning Signs
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What is Sino ICT Holdings Piotroski F-Score?

Sino ICT Holdings HKSE:00365 +1.25% 34 Piotroski F-Score is 8 as of Aug. 17, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates HKSE:00365 with a GF Score™ of 34/100 and a GF Value™ of HK$0.38 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,948 Industrial Products companies, Sino ICT Holdings ranks better than 97.76% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Sino ICT Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Sino ICT Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:00365' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Sino ICT Holdings was 8. The lowest was 2. And the median was 5.

Sino ICT Holdings  (HKSE:00365) 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.


Sino ICT Holdings Piotroski F-Score Related Terms


Sino ICT Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sino ICT Holdings'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.

Sino ICT Holdings Piotroski F-Score Chart

Sino ICT Holdings Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 2.00 4.00 5.00 8.00

Sino ICT Holdings Semi-Annual Data
Mar16 Sep16 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 5.00 0.00 8.00

HKSE:00365 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Sino ICT Holdings'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.


Sino ICT Holdings Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sino ICT Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sino ICT Holdings's Piotroski F-Score falls into.


HKSE:00365
34GF Score
Sino ICT Holdings Ltd HKSE:00365
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 HK$19.2 Mil.
Cash Flow from Operations was HK$45.2 Mil.
Revenue was HK$337.5 Mil.
Gross Profit was HK$131.7 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (923.846 + 830.023) / 2 = HK$876.9345 Mil.
Total Assets at the begining of this year (Dec24) was HK$923.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$371.5 Mil.
Total Current Assets was HK$355.3 Mil.
Total Current Liabilities was HK$240.5 Mil.
Net Income was HK$-34.4 Mil.

Revenue was HK$247.0 Mil.
Gross Profit was HK$61.4 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (960.502 + 923.846) / 2 = HK$942.174 Mil.
Total Assets at the begining of last year (Dec23) was HK$960.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$337.6 Mil.
Total Current Assets was HK$422.4 Mil.
Total Current Liabilities was HK$388.6 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.

Sino ICT Holdings's current Net Income (TTM) was 19.2. ==> 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.

Sino ICT Holdings's current Cash Flow from Operations (TTM) was 45.2. ==> 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 (Dec24)
=19.197/923.846
=0.02077944

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-34.417/960.502
=-0.0358323

Sino ICT Holdings's return on assets of this year was 0.02077944. Sino ICT Holdings's return on assets of last year was -0.0358323. ==> 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.

Sino ICT Holdings's current Net Income (TTM) was 19.2. Sino ICT Holdings's current Cash Flow from Operations (TTM) was 45.2. ==> 45.2 > 19.2 ==> 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
=371.53/876.9345
=0.42366904

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=337.593/942.174
=0.3583128

Sino ICT Holdings's gearing of this year was 0.42366904. Sino ICT Holdings's gearing of last year was 0.3583128. ==> 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
=355.25/240.463
=1.47735826

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=422.449/388.648
=1.08697073

Sino ICT Holdings's current ratio of this year was 1.47735826. Sino ICT Holdings's current ratio of last year was 1.08697073. ==> This year's current ratio is higher. ==> Score 1.

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.

Sino ICT Holdings's number of shares in issue this year was 1455. Sino ICT Holdings's number of shares in issue last year was 1455. ==> 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
=131.705/337.501
=0.39023588

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=61.385/247.04
=0.24848203

Sino ICT Holdings's gross margin of this year was 0.39023588. Sino ICT Holdings's gross margin of last year was 0.24848203. ==> 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)
=337.501/923.846
=0.36532171

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=247.04/960.502
=0.25719884

Sino ICT Holdings's asset turnover of this year was 0.36532171. Sino ICT Holdings's asset turnover of last year was 0.25719884. ==> 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
=1+1+1+1+0+1+1+1+1
=8

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

Sino ICT Holdings has an F-score of 8. 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 8 mean?
Sino ICT Holdings (HKSE:00365) has a Piotroski F-Score of 8 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sino ICT Holdings and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Sino ICT Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Sino ICT Holdings ranks #66 out of 2948 companies in the Industrial Products industry, placing it in the top 2.2%.
Is Sino ICT Holdings' Piotroski F-Score too high?
Sino ICT Holdings' current Piotroski F-Score of 8 is 60% above 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 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Sino ICT Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Sino ICT Holdings ranks #66 out of 2948 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sino ICT Holdings has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sino ICT Holdings' Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sino ICT Holdings ranks #66 out of 2948 companies for Piotroski F-Score. This places Sino ICT Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sino ICT Holdings' value of 8 is 60% above this benchmark. Historically, Sino ICT Holdings' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sino ICT Holdings 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,948 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. Sino ICT Holdings's current Piotroski F-Score of 8 is 60% 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 Sino ICT Holdings and its competitors. For the Industrial Products 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. Sino ICT Holdings's current Piotroski F-Score is 8, which is 60% above 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 Sino ICT Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino ICT Holdings (HKSE:00365) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.38, compared to a current price of HK$0.41 — trading 6.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Industrial Products industry median of 5.00. Sino ICT Holdings' overall GF Score™ is 34/100 with 3 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 Sino ICT Holdings (HKSE:00365), the current Piotroski F-Score is 8 as of Aug. 17, 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 Sino ICT Holdings (HKSE:00365) Overvalued in 2026?

Based on GuruFocus' analysis, Sino ICT Holdings stock appears to be overvalued. The current stock price of HK$0.41 is trading 6.6% above its estimated GF Value™ of HK$0.38. GuruFocus considers Sino ICT Holdings to be Fairly Valued.

Key valuation signals for HKSE:00365:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: HK$0.38 vs. price of HK$0.41 (6.6% above fair value)
  • GF Score™: 34/100 with 3 warning signs
  • Industry Position: 60% above the Industrial Products median (#66 of 2948)

No single metric tells the full story. See the HKSE:00365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sino ICT Holdings Business Description

Address 25 Canton Road, Suite 1101&1112, The Gateway Tower 1, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Sino ICT Holdings Ltd is an investment holding company, with its subsidiary engaged in SMT equipment manufacturing; sale of electricity and provision of electricity spot market transaction and auxiliary services; and manufacturing and sales of domestic radar hardware and development, application, and integration of intelligent software in the PRC. Its segments are the Production and sales of industrial products; Energy Business; Radar Business; and Securities investment. The company mainly operates in the PRC and Hong Kong. The majority revenue is generated from PRC.
34GF Score

Get the complete analysis for HKSE:00365

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

HK$0.41
Price
HK$0.38
GF Value