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New Century Healthcare Holdings CoHKSE:01518 -21.31%41 Piotroski F-Score is 4 as of Aug. 21, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates HKSE:01518 with a GF Score™ of 41/100 and a GF Value™ of HK$0.57 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 642 Healthcare Providers & Services companies, New Century Healthcare Holdings Co ranks worse than 67.29% 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
New Century Healthcare Holdings Co 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 New Century Healthcare Holdings Co's Piotroski F-Score or its related term are showing as below:
HKSE:01518'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of New Century Healthcare Holdings Co was 8. The lowest was 1. And the median was 6.
New Century Healthcare Holdings Co (HKSE:01518) 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.
New Century Healthcare Holdings Co Piotroski F-Score Related Terms
New Century Healthcare Holdings 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.
New Century Healthcare Holdings Co Piotroski F-Score Chart
HKSE:01518 vs HCA, THC, DVA: Piotroski F-Score Comparison
For the Medical Care Facilities subindustry, New Century Healthcare 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.
New Century Healthcare Holdings Co Piotroski F-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, New Century Healthcare Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where New Century Healthcare Holdings Co's Piotroski F-Score falls into.
* 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.
New Century Healthcare Holdings Co's current Net Income (TTM) was -127.4.
==> 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.
New Century Healthcare Holdings Co's current Cash Flow from Operations (TTM) was 19.8.
==> 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.
New Century Healthcare Holdings Co's return on assets of this year was -0.12704463. New Century Healthcare Holdings Co's return on assets of last year was 0.04897009.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
New Century Healthcare Holdings Co's gearing of this year was 0.11608259. New Century Healthcare Holdings Co's gearing of last year was 0.13327871.
==> 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
New Century Healthcare Holdings Co's current ratio of this year was 1.28527881. New Century Healthcare Holdings Co's current ratio of last year was 1.57528408.
==> 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.
New Century Healthcare Holdings Co's number of shares in issue this year was 483.184. New Century Healthcare Holdings Co's number of shares in issue last year was 483.184.
==> 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.
New Century Healthcare Holdings Co's gross margin of this year was 0.2930866. New Century Healthcare Holdings Co's gross margin of last year was 0.40751178.
==> 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
New Century Healthcare Holdings Co's asset turnover of this year was 0.66116744. New Century Healthcare Holdings Co's asset turnover of last year was 0.87494446.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
New Century Healthcare Holdings Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
New Century Healthcare Holdings Co (HKSE:01518) has a Piotroski F-Score of 4 as of Aug. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on New Century Healthcare Holdings Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, New Century Healthcare Holdings Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, New Century Healthcare Holdings Co ranks #432 out of 642 companies in the Healthcare Providers & Services industry, placing it in the top 67.3%.
Is New Century Healthcare Holdings Co's Piotroski F-Score too high?
New Century Healthcare Holdings Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. New Century Healthcare Holdings Co's value of 4 is 20% below this industry median. Based on the distribution chart, New Century Healthcare Holdings Co ranks #432 out of 642 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, New Century Healthcare Holdings Co has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Century Healthcare Holdings Co's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, New Century Healthcare Holdings Co ranks #432 out of 642 companies for Piotroski F-Score. This places New Century Healthcare Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. New Century Healthcare Holdings Co's value of 4 is 20% below this benchmark. Historically, New Century Healthcare Holdings Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, New Century Healthcare Holdings Co 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 642 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. New Century Healthcare Holdings Co'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 New Century Healthcare Holdings Co and its competitors. For the Healthcare Providers & Services 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. New Century Healthcare Holdings Co's current Piotroski F-Score is 4, which is 33% below 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 New Century Healthcare Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, New Century Healthcare Holdings Co (HKSE:01518) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.57, compared to a current price of HK$0.24 — trading 57.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Healthcare Providers & Services industry median of 5.00. New Century Healthcare Holdings Co's overall GF Score™ is 41/100 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 New Century Healthcare Holdings Co (HKSE:01518), the current Piotroski F-Score is 4 as of Aug. 21, 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 New Century Healthcare Holdings Co (HKSE:01518) Overvalued in 2026?
Based on GuruFocus' analysis, New Century Healthcare Holdings Co stock appears to be undervalued.
The current stock price of HK$0.24 is trading 57.9% below its estimated GF Value™ of HK$0.57.
GuruFocus considers New Century Healthcare Holdings Co to be Possible Value Trap.
Key valuation signals for HKSE:01518:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: HK$0.57 vs. price of HK$0.24 (57.9% below fair value)
Industry Position: 20% below the Healthcare Providers & Services median (#432 of 642)
No single metric tells the full story. See the HKSE:01518 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Century Healthcare Holdings Co Ltd is an investment holding company engaged in the healthcare industry. The company specializes in the provision of medical services to women and childre. The segments of the company include Pediatric services, Obstetrics services, Gynecology services, and Others. The group's revenue is mostly derived from activities in the PRC. A majority of income is generated from the Pediatrics segment.
41GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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