Sino Hotels (Holdings) (HKSE:01221) Piotroski F-Score: 4 (As of Aug. 16, 2026) — 20% Below Median

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HKSE:01221 Sino Hotels (Holdings) Ltd HKSE:01221
65 GF Score
Price HK$1.60
GF Value HK$1.45
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Sino Hotels (Holdings) Piotroski F-Score?

Sino Hotels (Holdings) HKSE:01221 65 Piotroski F-Score is 4 as of Aug. 16, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates HKSE:01221 with a GF Score™ of 65/100 and a GF Value™ of HK$1.45 (Fairly Valued). The stock has 2 warning signs investors should review. Among 831 Travel & Leisure companies, Sino Hotels (Holdings) ranks worse than 71.24% 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

Sino Hotels (Holdings) has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

HKSE:01221' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Sino Hotels (Holdings) was 7. The lowest was 2. And the median was 5.

Sino Hotels (Holdings)  (HKSE:01221) 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 Hotels (Holdings) Piotroski F-Score Related Terms


Sino Hotels (Holdings) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sino Hotels (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 Hotels (Holdings) Piotroski F-Score Chart

Sino Hotels (Holdings) Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 6.00 6.00 4.00

Sino Hotels (Holdings) 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 0.00 6.00 0.00 4.00 0.00

HKSE:01221 vs MAR, HLT, H: Piotroski F-Score Comparison

For the Lodging subindustry, Sino Hotels (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 Hotels (Holdings) Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sino Hotels (Holdings)'s Piotroski F-Score distribution charts can be found below:

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


HKSE:01221
65GF Score
Sino Hotels (Holdings) Ltd HKSE:01221
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was HK$103.4 Mil.
Cash Flow from Operations was HK$29.8 Mil.
Revenue was HK$123.1 Mil.
Gross Profit was HK$72.5 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (4135.53 + 4239.71) / 2 = HK$4187.62 Mil.
Total Assets at the begining of this year (Jun24) was HK$4,135.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$1,504.8 Mil.
Total Current Liabilities was HK$49.5 Mil.
Net Income was HK$64.3 Mil.

Revenue was HK$133.7 Mil.
Gross Profit was HK$79.0 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (4165.452 + 4135.53) / 2 = HK$4150.491 Mil.
Total Assets at the begining of last year (Jun23) was HK$4,165.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$1,359.9 Mil.
Total Current Liabilities was HK$21.3 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 Hotels (Holdings)'s current Net Income (TTM) was 103.4. ==> 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 Hotels (Holdings)'s current Cash Flow from Operations (TTM) was 29.8. ==> 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 (Jun24)
=103.35/4135.53
=0.02499075

ROA (Last Year)=Net Income/Total Assets (Jun23)
=64.305/4165.452
=0.0154377

Sino Hotels (Holdings)'s return on assets of this year was 0.02499075. Sino Hotels (Holdings)'s return on assets of last year was 0.0154377. ==> 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 Hotels (Holdings)'s current Net Income (TTM) was 103.4. Sino Hotels (Holdings)'s current Cash Flow from Operations (TTM) was 29.8. ==> 29.8 <= 103.4 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/4187.62
=0

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/4150.491
=0

Sino Hotels (Holdings)'s gearing of this year was 0. Sino Hotels (Holdings)'s gearing of last year was 0. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=1504.83/49.538
=30.37728612

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=1359.923/21.302
=63.84015585

Sino Hotels (Holdings)'s current ratio of this year was 30.37728612. Sino Hotels (Holdings)'s current ratio of last year was 63.84015585. ==> 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.

Sino Hotels (Holdings)'s number of shares in issue this year was 1162.335. Sino Hotels (Holdings)'s number of shares in issue last year was 1144.813. ==> 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
=72.463/123.129
=0.58851286

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=79.048/133.693
=0.59126506

Sino Hotels (Holdings)'s gross margin of this year was 0.58851286. Sino Hotels (Holdings)'s gross margin of last year was 0.59126506. ==> 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 (Jun24)
=123.129/4135.53
=0.02977345

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=133.693/4165.452
=0.03209568

Sino Hotels (Holdings)'s asset turnover of this year was 0.02977345. Sino Hotels (Holdings)'s asset turnover of last year was 0.03209568. ==> 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
=1+1+1+0+1+0+0+0+0
=4

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

Sino Hotels (Holdings) has an F-score of 4 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 4 mean?
Sino Hotels (Holdings) (HKSE:01221) has a Piotroski F-Score of 4 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sino Hotels (Holdings) and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Sino Hotels (Holdings)'s Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Sino Hotels (Holdings) ranks #592 out of 831 companies in the Travel & Leisure industry, placing it in the top 71.2%.
Is Sino Hotels (Holdings)'s Piotroski F-Score too high?
Sino Hotels (Holdings)'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 Travel & Leisure industry median Piotroski F-Score is 5.00. Sino Hotels (Holdings)'s value of 4 is 20% below this industry median. Based on the distribution chart, Sino Hotels (Holdings) ranks #592 out of 831 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Sino Hotels (Holdings) has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sino Hotels (Holdings)'s Piotroski F-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Sino Hotels (Holdings) ranks #592 out of 831 companies for Piotroski F-Score. This places Sino Hotels (Holdings) in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sino Hotels (Holdings)'s value of 4 is 20% below this benchmark. Historically, Sino Hotels (Holdings)'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, Sino Hotels (Holdings) 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 831 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 Hotels (Holdings)'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 Sino Hotels (Holdings) and its competitors. For the Travel & Leisure 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 Hotels (Holdings)'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 Sino Hotels (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Sino Hotels (Holdings) (HKSE:01221) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.45, compared to a current price of HK$1.60 — trading 10.3% 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 Travel & Leisure industry median of 5.00. Sino Hotels (Holdings)'s overall GF Score™ is 65/100 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 Sino Hotels (Holdings) (HKSE:01221), the current Piotroski F-Score is 4 as of Aug. 16, 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 Hotels (Holdings) (HKSE:01221) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Hotels (Holdings) stock appears to be overvalued. The current stock price of HK$1.60 is trading 10.3% above its estimated GF Value™ of HK$1.45. GuruFocus considers Sino Hotels (Holdings) to be Fairly Valued.

Key valuation signals for HKSE:01221:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: HK$1.45 vs. price of HK$1.60 (10.3% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 20% below the Travel & Leisure median (#592 of 831)

No single metric tells the full story. See the HKSE:01221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sino Hotels (Holdings) Business Description

Address Salisbury Road, 12th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Sino Hotels (Holdings) Ltd is a Hong Kong-based investment holding company. It is engaged in the operation and management of hotels. The hotels under the operation of the group include City Garden Hotel, The Royal Pacific Hotel & Towers, and Conrad Hong Kong, among others. The company divides its business into the segments of Hotel operation, Investment holding, Hotel operation(share of results of associates), and Others, of which key revenue is derived from the Hotel operation segment which involves the operation of City Garden Hotel. All of the activities of the group are based in Hong Kong.
65GF Score

Get the complete analysis for HKSE:01221

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

HK$1.60
Price
HK$1.45
GF Value