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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) 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.
COSCO SHIPPING International (Hong Kong) Co Piotroski F-Score Related Terms
COSCO SHIPPING International (Hong Kong) Co Piotroski F-Score Historical Data
* 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.
COSCO SHIPPING International (Hong Kong) Co Piotroski F-Score Chart
COSCO SHIPPING International (Hong Kong) Co Annual Data
COSCO SHIPPING International (Hong Kong) Co Piotroski F-Score Competitor Comparison
For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) 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.
COSCO SHIPPING International (Hong Kong) Co Piotroski F-Score vs Transportation Industry
* 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.
COSCO SHIPPING International (Hong Kong) Co's current Net Income (TTM) was 771.
==> 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.
COSCO SHIPPING International (Hong Kong) Co's current Cash Flow from Operations (TTM) was 257.
==> 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.
COSCO SHIPPING International (Hong Kong) Co's return on assets of this year was 0.08261191. COSCO SHIPPING International (Hong Kong) Co's return on assets of last year was 0.07704436.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
COSCO SHIPPING International (Hong Kong) Co's gearing of this year was 0.00077105. COSCO SHIPPING International (Hong Kong) Co's gearing of last year was 0.00127387.
==> 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
COSCO SHIPPING International (Hong Kong) Co's current ratio of this year was 5.65036442. COSCO SHIPPING International (Hong Kong) Co's current ratio of last year was 7.30714267.
==> 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.
COSCO SHIPPING International (Hong Kong) Co's number of shares in issue this year was 1465.971. COSCO SHIPPING International (Hong Kong) Co's number of shares in issue last year was 1465.971.
==> 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.
COSCO SHIPPING International (Hong Kong) Co's gross margin of this year was 0.24138989. COSCO SHIPPING International (Hong Kong) Co's gross margin of last year was 0.23312369.
==> 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
COSCO SHIPPING International (Hong Kong) Co's asset turnover of this year was 0.39703254. COSCO SHIPPING International (Hong Kong) Co's asset turnover of last year was 0.39402887.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
COSCO SHIPPING International (Hong Kong) Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) has a Piotroski F-Score of 7 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on COSCO SHIPPING International (Hong Kong) Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, COSCO SHIPPING International (Hong Kong) Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, COSCO SHIPPING International (Hong Kong) Co ranks #129 out of 979 companies in the Transportation industry, placing it in the top 13.2%.
Is COSCO SHIPPING International (Hong Kong) Co's Piotroski F-Score too high?
COSCO SHIPPING International (Hong Kong) Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. COSCO SHIPPING International (Hong Kong) Co's value of 7 is 16.7% above this industry median. Based on the distribution chart, COSCO SHIPPING International (Hong Kong) Co ranks #129 out of 979 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, COSCO SHIPPING International (Hong Kong) Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COSCO SHIPPING International (Hong Kong) Co's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, COSCO SHIPPING International (Hong Kong) Co ranks #129 out of 979 companies for Piotroski F-Score. This places COSCO SHIPPING International (Hong Kong) Co in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. COSCO SHIPPING International (Hong Kong) Co's value of 7 is 16.7% above this benchmark. Historically, COSCO SHIPPING International (Hong Kong) Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, COSCO SHIPPING International (Hong Kong) Co 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 a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. COSCO SHIPPING International (Hong Kong) Co's current Piotroski F-Score of 7 is 16.7% 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 COSCO SHIPPING International (Hong Kong) Co and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COSCO SHIPPING International (Hong Kong) Co's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COSCO SHIPPING International (Hong Kong) Co stock overvalued right now?
Based on GuruFocus' analysis, COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$4.27, compared to a current price of HK$5.75 — trading 34.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Transportation industry median of 6.00. COSCO SHIPPING International (Hong Kong) Co's overall GF Score™ is 69/100 with 2 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 COSCO SHIPPING International (Hong Kong) Co (HKSE:00517), the current Piotroski F-Score is 7 as of Aug. 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 COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Overvalued in 2026?
Based on GuruFocus' analysis, COSCO SHIPPING International (Hong Kong) Co stock appears to be overvalued.
The current stock price of HK$5.75 is trading 34.7% above its estimated GF Value™ of HK$4.27.
GuruFocus considers COSCO SHIPPING International (Hong Kong) Co to be Significantly Overvalued.
Key valuation signals for HKSE:00517:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: HK$4.27 vs. price of HK$5.75 (34.7% above fair value)
Industry Position: 16.7% above the Transportation median (#129 of 979)
No single metric tells the full story. See the HKSE:00517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Intelligent shipping services and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts that includes trading and supply of marine equipment and spare parts, and holding of investments in joint ventures. The company has a business network in Mainland China, Hong Kong and other countries.
69GF Score
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