Sundart Holdings (HKSE:01568) Piotroski F-Score: 4 (As of Aug. 17, 2026) — 43% Below Median

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HKSE:01568 Sundart Holdings Ltd HKSE:01568
58 GF Score
Price HK$0.65
GF Value HK$0.46
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Sundart Holdings Piotroski F-Score?

Sundart Holdings HKSE:01568 -0.77% 58 Piotroski F-Score is 4 as of Aug. 17, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates HKSE:01568 with a GF Score™ of 58/100 and a GF Value™ of HK$0.46 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,738 Construction companies, Sundart Holdings ranks worse than 66.17% 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

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

HKSE:01568' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 4

During the past 12 years, the highest Piotroski F-Score of Sundart Holdings was 8. The lowest was 2. And the median was 7.

Sundart Holdings  (HKSE:01568) 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.


Sundart Holdings Piotroski F-Score Related Terms


Sundart Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sundart 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.

Sundart Holdings Piotroski F-Score Chart

Sundart Holdings 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 5.00 4.00 7.00 7.00 4.00

Sundart Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 7.00 0.00 4.00 0.00

HKSE:01568 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Sundart 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.


Sundart Holdings Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Sundart Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01568
58GF Score
Sundart Holdings Ltd HKSE:01568
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$267 Mil.
Cash Flow from Operations was HK$184 Mil.
Revenue was HK$5,136 Mil.
Gross Profit was HK$685 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (7115.815 + 7062.2) / 2 = HK$7089.0075 Mil.
Total Assets at the begining of this year (Dec24) was HK$7,116 Mil.
Long-Term Debt & Capital Lease Obligation was HK$9 Mil.
Total Current Assets was HK$6,057 Mil.
Total Current Liabilities was HK$3,437 Mil.
Net Income was HK$321 Mil.

Revenue was HK$5,997 Mil.
Gross Profit was HK$800 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (7248.56 + 7115.815) / 2 = HK$7182.1875 Mil.
Total Assets at the begining of last year (Dec23) was HK$7,249 Mil.
Long-Term Debt & Capital Lease Obligation was HK$19 Mil.
Total Current Assets was HK$6,517 Mil.
Total Current Liabilities was HK$3,369 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.

Sundart Holdings's current Net Income (TTM) was 267. ==> 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.

Sundart Holdings's current Cash Flow from Operations (TTM) was 184. ==> 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)
=267.276/7115.815
=0.03756084

ROA (Last Year)=Net Income/Total Assets (Dec23)
=320.797/7248.56
=0.04425665

Sundart Holdings's return on assets of this year was 0.03756084. Sundart Holdings's return on assets of last year was 0.04425665. ==> 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.

Sundart Holdings's current Net Income (TTM) was 267. Sundart Holdings's current Cash Flow from Operations (TTM) was 184. ==> 184 <= 267 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=8.675/7089.0075
=0.00122373

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=18.97/7182.1875
=0.00264126

Sundart Holdings's gearing of this year was 0.00122373. Sundart Holdings's gearing of last year was 0.00264126. ==> 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
=6056.531/3437.115
=1.76209728

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=6516.605/3368.991
=1.93428982

Sundart Holdings's current ratio of this year was 1.76209728. Sundart Holdings's current ratio of last year was 1.93428982. ==> 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.

Sundart Holdings's number of shares in issue this year was 2158.21. Sundart Holdings's number of shares in issue last year was 2158.21. ==> 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
=684.697/5135.788
=0.13331878

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=800.204/5996.777
=0.13343901

Sundart Holdings's gross margin of this year was 0.13331878. Sundart Holdings's gross margin of last year was 0.13343901. ==> 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 (Dec24)
=5135.788/7115.815
=0.72174277

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=5996.777/7248.56
=0.82730598

Sundart Holdings's asset turnover of this year was 0.72174277. Sundart Holdings's asset turnover of last year was 0.82730598. ==> 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+0+1+0+1+0+0
=4

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

Sundart 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?
Sundart Holdings (HKSE:01568) has a Piotroski F-Score of 4 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sundart Holdings and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Sundart Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Sundart Holdings ranks #1150 out of 1738 companies in the Construction industry, placing it in the top 66.2%.
Is Sundart Holdings' Piotroski F-Score too high?
Sundart Holdings' current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Sundart Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Sundart Holdings ranks #1150 out of 1738 companies in the Construction industry, which is below the industry midpoint. Overall, Sundart Holdings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sundart Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Sundart Holdings ranks #1150 out of 1738 companies for Piotroski F-Score. This places Sundart Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sundart Holdings' value of 4 is 20% below this benchmark. Historically, Sundart Holdings' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sundart 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,738 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. Sundart 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 Sundart Holdings and its competitors. For the Construction 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. Sundart Holdings's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sundart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sundart Holdings (HKSE:01568) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.46, compared to a current price of HK$0.65 — trading 40.2% above its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Construction industry median of 5.00. Sundart Holdings' overall GF Score™ is 58/100 with 5 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 Sundart Holdings (HKSE:01568), the current Piotroski F-Score is 4 as of Aug. 17, 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 Sundart Holdings (HKSE:01568) Overvalued in 2026?

Based on GuruFocus' analysis, Sundart Holdings stock appears to be overvalued. The current stock price of HK$0.65 is trading 40.2% above its estimated GF Value™ of HK$0.46. GuruFocus considers Sundart Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01568:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: HK$0.46 vs. price of HK$0.65 (40.2% above fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 20% below the Construction median (#1150 of 1738)

No single metric tells the full story. See the HKSE:01568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sundart Holdings Business Description

Address 370 Kwun Tong Road, 19th Floor, Millennium City 3, Kowloon, Hong Kong, HKG
Sundart Holdings Ltd is an interior decorative company in Hong Kong. The company specializes in providing interior work for commercial buildings, hotels and residential properties. The company's reportable segments are Fitting-out works in Hong Kong; Fitting-out works in Macau; Fitting-out works in China; Fitting-out works in Singapore; Alteration, addition, and construction works in Hong Kong; and Manufacturing, sourcing, and distribution of interior decorative materials. Geographically, the group has a business presence in Hong Kong, Macau, Singapore, Philippines, the PRC, and Other countries, of which majority revenue is derived from the PRC.
58GF Score

Get the complete analysis for HKSE:01568

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

HK$0.65
Price
HK$0.46
GF Value