Wai Chi Holdings Co (HKSE:01305) Piotroski F-Score: 6 (As of Aug. 25, 2026) — Near Median

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HKSE:01305 Wai Chi Holdings Co Ltd HKSE:01305
86 GF Score
Price HK$0.75
GF Value HK$1.08
Valuation Possible Value Trap
! 2 Warning Signs
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What is Wai Chi Holdings Co Piotroski F-Score?

Wai Chi Holdings Co HKSE:01305 86 Piotroski F-Score is 6 as of Aug. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:01305 with a GF Score™ of 86/100 and a GF Value™ of HK$1.08 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,421 Hardware companies, Wai Chi Holdings Co ranks better than 77.49% 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

Wai Chi Holdings Co 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 Wai Chi Holdings Co's Piotroski F-Score or its related term are showing as below:

HKSE:01305' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Wai Chi Holdings Co was 8. The lowest was 4. And the median was 6.

Wai Chi Holdings Co  (HKSE:01305) 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.


Wai Chi Holdings Co Piotroski F-Score Related Terms


Wai Chi Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wai Chi Holdings Co'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.

Wai Chi Holdings Co Piotroski F-Score Chart

Wai Chi Holdings Co Annual Data
Trend Dec16 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 6.00 4.00 6.00 6.00

Wai Chi Holdings Co 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 4.00 0.00 6.00 0.00 6.00

HKSE:01305 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Wai Chi Holdings 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.


Wai Chi Holdings Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Wai Chi Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wai Chi Holdings Co's Piotroski F-Score falls into.


HKSE:01305
86GF Score
Wai Chi Holdings Co Ltd HKSE:01305
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$50 Mil.
Cash Flow from Operations was HK$244 Mil.
Revenue was HK$2,530 Mil.
Gross Profit was HK$388 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2756.491 + 2938.944) / 2 = HK$2847.7175 Mil.
Total Assets at the begining of this year (Dec24) was HK$2,756 Mil.
Long-Term Debt & Capital Lease Obligation was HK$31 Mil.
Total Current Assets was HK$2,361 Mil.
Total Current Liabilities was HK$1,957 Mil.
Net Income was HK$47 Mil.

Revenue was HK$2,372 Mil.
Gross Profit was HK$346 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2398.723 + 2756.491) / 2 = HK$2577.607 Mil.
Total Assets at the begining of last year (Dec23) was HK$2,399 Mil.
Long-Term Debt & Capital Lease Obligation was HK$31 Mil.
Total Current Assets was HK$2,354 Mil.
Total Current Liabilities was HK$1,828 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.

Wai Chi Holdings Co's current Net Income (TTM) was 50. ==> 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.

Wai Chi Holdings Co's current Cash Flow from Operations (TTM) was 244. ==> 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)
=50.29/2756.491
=0.01824421

ROA (Last Year)=Net Income/Total Assets (Dec23)
=46.679/2398.723
=0.01945994

Wai Chi Holdings Co's return on assets of this year was 0.01824421. Wai Chi Holdings Co's return on assets of last year was 0.01945994. ==> Last year is higher ==> Score 0.

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.

Wai Chi Holdings Co's current Net Income (TTM) was 50. Wai Chi Holdings Co's current Cash Flow from Operations (TTM) was 244. ==> 244 > 50 ==> 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
=30.847/2847.7175
=0.01083218

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=30.665/2577.607
=0.01189669

Wai Chi Holdings Co's gearing of this year was 0.01083218. Wai Chi Holdings Co's gearing of last year was 0.01189669. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=2361.424/1956.588
=1.20690917

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2353.829/1828.378
=1.28738642

Wai Chi Holdings Co's current ratio of this year was 1.20690917. Wai Chi Holdings Co's current ratio of last year was 1.28738642. ==> 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.

Wai Chi Holdings Co's number of shares in issue this year was 219.725. Wai Chi Holdings Co's number of shares in issue last year was 219.725. ==> 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
=387.503/2530.121
=0.15315592

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=346.106/2372.277
=0.14589612

Wai Chi Holdings Co's gross margin of this year was 0.15315592. Wai Chi Holdings Co's gross margin of last year was 0.14589612. ==> 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)
=2530.121/2756.491
=0.91787748

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2372.277/2398.723
=0.98897497

Wai Chi Holdings Co's asset turnover of this year was 0.91787748. Wai Chi Holdings Co's asset turnover of last year was 0.98897497. ==> 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+0+1+1+0+1+1+0
=6

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

Wai Chi Holdings Co 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?
Wai Chi Holdings Co (HKSE:01305) has a Piotroski F-Score of 6 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wai Chi Holdings Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Wai Chi Holdings Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Wai Chi Holdings Co ranks #545 out of 2421 companies in the Hardware industry, placing it in the top 22.5%.
Is Wai Chi Holdings Co's Piotroski F-Score too high?
Wai Chi Holdings Co's current Piotroski F-Score of 6 is near 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 8.00. The Hardware industry median Piotroski F-Score is 5.00. Wai Chi Holdings Co's value of 6 is 20% above this industry median. Based on the distribution chart, Wai Chi Holdings Co ranks #545 out of 2421 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Wai Chi Holdings Co has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wai Chi Holdings Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Wai Chi Holdings Co ranks #545 out of 2421 companies for Piotroski F-Score. This places Wai Chi Holdings Co in the top 23% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wai Chi Holdings Co's value of 6 is 20% above this benchmark. Historically, Wai Chi Holdings Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Wai Chi Holdings 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,421 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. Wai Chi Holdings Co'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 Wai Chi Holdings Co and its competitors. For the Hardware 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. Wai Chi Holdings Co's current Piotroski F-Score is 6, which is near 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 Wai Chi Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Wai Chi Holdings Co (HKSE:01305) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.08, compared to a current price of HK$0.75 — trading 31% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Hardware industry median of 5.00. Wai Chi Holdings Co's overall GF Score™ is 86/100 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 Wai Chi Holdings Co (HKSE:01305), the current Piotroski F-Score is 6 as of Aug. 25, 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 Wai Chi Holdings Co (HKSE:01305) Overvalued in 2026?

Based on GuruFocus' analysis, Wai Chi Holdings Co stock appears to be undervalued. The current stock price of HK$0.75 is trading 31% below its estimated GF Value™ of HK$1.08. GuruFocus considers Wai Chi Holdings Co to be Possible Value Trap.

Key valuation signals for HKSE:01305:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: HK$1.08 vs. price of HK$0.75 (31% below fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 20% above the Hardware median (#545 of 2421)

No single metric tells the full story. See the HKSE:01305 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wai Chi Holdings Co Business Description

Address 63 King Yip Street, 6th Floor, Liven House, Kwun Tong, Kowloon, Hong Kong, HKG
Wai Chi Holdings Co Ltd engages in the manufacturing of light-emitting diode (LED) products for public and commercial use. It operates through the following segments: LED Backlight, LED Lighting, and Semiconductor memory chips. The LED backlight segment engages in the manufacturing and trading of LED backlight products in different sizes and applications. The LED lighting segment engages in the manufacturing and trading of LED lighting products for public and commercial use. The Semiconductor memory chips segment engages in the provision of packaging and testing services and related product sourcing business. Geographically, the company receives maximum revenue from the People's Republic of China.
86GF Score

Get the complete analysis for HKSE:01305

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

HK$0.75
Price
HK$1.08
GF Value