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Chen Lin Education Group Holdings (HKSE:01593) Piotroski F-Score : 5 (As of Apr. 09, 2025)


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What is Chen Lin Education Group Holdings Piotroski F-Score?

The zones of discrimination were as such:

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

Chen Lin Education Group Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Chen Lin Education Group Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:01593' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of Chen Lin Education Group Holdings was 8. The lowest was 3. And the median was 6.


Chen Lin Education Group Holdings Piotroski F-Score Historical Data

The historical data trend for Chen Lin Education Group 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.

* Premium members only.

Chen Lin Education Group Holdings Piotroski F-Score Chart

Chen Lin Education Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Aug22 Aug23 Aug24
Piotroski F-Score
Get a 7-Day Free Trial 7.00 3.00 4.00 6.00 5.00

Chen Lin Education Group Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 4.00 - 6.00 - 5.00

Competitive Comparison of Chen Lin Education Group Holdings's Piotroski F-Score

For the Education & Training Services subindustry, Chen Lin Education Group 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.


Chen Lin Education Group Holdings's Piotroski F-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Chen Lin Education Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chen Lin Education Group Holdings's Piotroski F-Score falls into.


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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 (Aug24) TTM:Last Year (Aug23) TTM:
Net Income was HK$16.8 Mil.
Cash Flow from Operations was HK$124.3 Mil.
Revenue was HK$653.9 Mil.
Gross Profit was HK$205.5 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was (4455.038 + 4876.974) / 2 = HK$4666.006 Mil.
Total Assets at the begining of this year (Aug23) was HK$4,455.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,800.2 Mil.
Total Current Assets was HK$425.9 Mil.
Total Current Liabilities was HK$1,763.7 Mil.
Net Income was HK$36.4 Mil.

Revenue was HK$608.2 Mil.
Gross Profit was HK$246.7 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was (3894.53 + 4455.038) / 2 = HK$4174.784 Mil.
Total Assets at the begining of last year (Aug22) was HK$3,894.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,651.1 Mil.
Total Current Assets was HK$525.8 Mil.
Total Current Liabilities was HK$1,522.6 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.

Chen Lin Education Group Holdings's current Net Income (TTM) was 16.8. ==> 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.

Chen Lin Education Group Holdings's current Cash Flow from Operations (TTM) was 124.3. ==> 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 (Aug23)
=16.762/4455.038
=0.00376248

ROA (Last Year)=Net Income/Total Assets (Aug22)
=36.357/3894.53
=0.0093354

Chen Lin Education Group Holdings's return on assets of this year was 0.00376248. Chen Lin Education Group Holdings's return on assets of last year was 0.0093354. ==> 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.

Chen Lin Education Group Holdings's current Net Income (TTM) was 16.8. Chen Lin Education Group Holdings's current Cash Flow from Operations (TTM) was 124.3. ==> 124.3 > 16.8 ==> 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: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=1800.185/4666.006
=0.38580855

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=1651.107/4174.784
=0.39549519

Chen Lin Education Group Holdings's gearing of this year was 0.38580855. Chen Lin Education Group Holdings's gearing of last year was 0.39549519. ==> 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: Aug24)=Total Current Assets/Total Current Liabilities
=425.863/1763.694
=0.24146082

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=525.839/1522.629
=0.34534939

Chen Lin Education Group Holdings's current ratio of this year was 0.24146082. Chen Lin Education Group Holdings's current ratio of last year was 0.34534939. ==> 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.

Chen Lin Education Group Holdings's number of shares in issue this year was 986.095. Chen Lin Education Group Holdings's number of shares in issue last year was 986.095. ==> 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
=205.454/653.858
=0.31421807

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=246.678/608.226
=0.40556964

Chen Lin Education Group Holdings's gross margin of this year was 0.31421807. Chen Lin Education Group Holdings's gross margin of last year was 0.40556964. ==> 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 (Aug23)
=653.858/4455.038
=0.14676822

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=608.226/3894.53
=0.15617443

Chen Lin Education Group Holdings's asset turnover of this year was 0.14676822. Chen Lin Education Group Holdings's asset turnover of last year was 0.15617443. ==> 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+0+0
=5

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

Chen Lin Education Group Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Chen Lin Education Group Holdings  (HKSE:01593) 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.


Chen Lin Education Group Holdings Piotroski F-Score Related Terms

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Chen Lin Education Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 001, Xinjian Lianfu Dadao, Jiangxi, Nanchang, CHN
Chen Lin Education Group Holdings Ltd is engaged in the provision of private tertiary education services in the PRC. It is specialized in full-system applied undergraduate education, vocational education and quality high school education. The group derives revenue from Tuition fees, Boarding fees, Internship management fees, Tutoring and program management services, and others.
Executives
Huang Yulin 2201 Interest of corporation controlled by you
Huangyulin Holdings Limited 2101 Beneficial owner
Wang Li

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