V.S. International Group (HKSE:01002) Piotroski F-Score: 6 (As of Jul. 03, 2026) — 20% Above Median


What is V.S. International Group Piotroski F-Score?

V.S. International Group HKSE:01002 +1.75% Piotroski F-Score is 6 as of Jul. 03, 2026, which is 20% above its 10-year median of 5.00. The stock has 2 warning signs investors should review. Among 1,564 Chemicals companies, V.S. International Group ranks better than 76.21% 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

V.S. International Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for V.S. International Group's Piotroski F-Score or its related term are showing as below:

HKSE:01002' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of V.S. International Group was 7. The lowest was 1. And the median was 5.

V.S. International Group  (HKSE:01002) 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.


V.S. International Group Piotroski F-Score Related Terms


V.S. International Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for V.S. International Group'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.

V.S. International Group Piotroski F-Score Chart

V.S. International Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 7.00 6.00 4.00 6.00

V.S. International Group Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jun25
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 0.00 6.00 0.00 1.00 0.00

HKSE:01002 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, V.S. International Group'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.


V.S. International Group Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, V.S. International Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where V.S. International Group's Piotroski F-Score falls into.


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 (Jul23) TTM:Last Year (Jul22) TTM:
Net Income was HK$-24.3 Mil.
Cash Flow from Operations was HK$14.8 Mil.
Revenue was HK$83.1 Mil.
Gross Profit was HK$12.5 Mil.
Average Total Assets from the begining of this year (Jul22)
to the end of this year (Jul23) was (429.481 + 360.754) / 2 = HK$395.1175 Mil.
Total Assets at the begining of this year (Jul22) was HK$429.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$131.3 Mil.
Total Current Liabilities was HK$56.0 Mil.
Net Income was HK$-56.2 Mil.

Revenue was HK$141.5 Mil.
Gross Profit was HK$11.9 Mil.
Average Total Assets from the begining of last year (Jul21)
to the end of last year (Jul22) was (590.267 + 429.481) / 2 = HK$509.874 Mil.
Total Assets at the begining of last year (Jul21) was HK$590.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$43.6 Mil.
Total Current Assets was HK$155.4 Mil.
Total Current Liabilities was HK$32.9 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.

V.S. International Group's current Net Income (TTM) was -24.3. ==> 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.

V.S. International Group's current Cash Flow from Operations (TTM) was 14.8. ==> 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 (Jul22)
=-24.275/429.481
=-0.05652171

ROA (Last Year)=Net Income/Total Assets (Jul21)
=-56.226/590.267
=-0.0952552

V.S. International Group's return on assets of this year was -0.05652171. V.S. International Group's return on assets of last year was -0.0952552. ==> 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.

V.S. International Group's current Net Income (TTM) was -24.3. V.S. International Group's current Cash Flow from Operations (TTM) was 14.8. ==> 14.8 > -24.3 ==> 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: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=0/395.1175
=0

Gearing (Last Year: Jul22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul21 to Jul22
=43.6/509.874
=0.08551132

V.S. International Group's gearing of this year was 0. V.S. International Group's gearing of last year was 0.08551132. ==> 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: Jul23)=Total Current Assets/Total Current Liabilities
=131.257/55.994
=2.34412616

Current Ratio (Last Year: Jul22)=Total Current Assets/Total Current Liabilities
=155.388/32.924
=4.71959665

V.S. International Group's current ratio of this year was 2.34412616. V.S. International Group's current ratio of last year was 4.71959665. ==> 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.

V.S. International Group's number of shares in issue this year was 2307.513. V.S. International Group's number of shares in issue last year was 2307.513. ==> 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
=12.519/83.137
=0.15058277

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.856/141.477
=0.08380161

V.S. International Group's gross margin of this year was 0.15058277. V.S. International Group's gross margin of last year was 0.08380161. ==> 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 (Jul22)
=83.137/429.481
=0.1935755

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul21)
=141.477/590.267
=0.23968306

V.S. International Group's asset turnover of this year was 0.1935755. V.S. International Group's asset turnover of last year was 0.23968306. ==> 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+1+1+1+1+0+1+1+0
=6

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

V.S. International Group has an F-score of 6 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 6 mean?
V.S. International Group (HKSE:01002) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on V.S. International Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, V.S. International Group's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, V.S. International Group ranks #372 out of 1564 companies in the Chemicals industry, placing it in the top 23.8%.
Is V.S. International Group's Piotroski F-Score too high?
V.S. International Group's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. V.S. International Group's value of 6 is 20% above this industry median. Based on the distribution chart, V.S. International Group ranks #372 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers.
How does V.S. International Group's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, V.S. International Group ranks #372 out of 1564 companies for Piotroski F-Score. This places V.S. International Group in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. V.S. International Group's value of 6 is 20% above this benchmark. Historically, V.S. International Group's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, V.S. International Group 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,564 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. V.S. International Group's current Piotroski F-Score of 6 is 20% 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 V.S. International Group and its competitors. For the Chemicals 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. V.S. International Group's current Piotroski F-Score is 6, which is 20% 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 V.S. International Group stock overvalued right now?
Based on GuruFocus' analysis, V.S. International Group (HKSE:01002) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.20, compared to a current price of HK$0.06 — trading 71% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Chemicals industry median of 5.00. 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 V.S. International Group (HKSE:01002), the current Piotroski F-Score is 6 as of Jul. 03, 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.

V.S. International Group Business Description

Address 1 Connaught Place, 40th Floor, Jardine House, Central, Hong kong, HKG
V.S. International Group Ltd is an investment holding company. It is engaged in the plastic injection and moulding business. It operates in three segments. The Plastic injection and moulding segment, which is the key revenue driver, manufactures and sells plastic moulded products and parts; the Assembling of electronic products segment assembles and sells electronic products, this segment also includes processing fees generated from assembling electronic products; the Mould design and fabrication segment manufactures and sells plastic injection moulds.