Vincent Medical Holdings (HKSE:01612) Piotroski F-Score: 5 (As of Aug. 02, 2026) — 17% Below Median

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HKSE:01612 Vincent Medical Holdings Ltd HKSE:01612
49 GF Score
Price HK$0.71
GF Value HK$0.58
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Vincent Medical Holdings Piotroski F-Score?

Vincent Medical Holdings HKSE:01612 +1.43% 49 Piotroski F-Score is 5 as of Aug. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HKSE:01612 with a GF Score™ of 49/100 and a GF Value™ of HK$0.58 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 800 Medical Devices & Instruments companies, Vincent Medical Holdings ranks better than 65.37% 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

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

HKSE:01612' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Vincent Medical Holdings was 8. The lowest was 3. And the median was 6.

Vincent Medical Holdings  (HKSE:01612) 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.


Vincent Medical Holdings Piotroski F-Score Related Terms


Vincent Medical Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vincent Medical 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.

Vincent Medical Holdings Piotroski F-Score Chart

Vincent Medical 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 4.00 3.00 8.00 6.00 5.00

Vincent Medical 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 8.00 0.00 6.00 0.00 5.00

HKSE:01612 vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, Vincent Medical 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.


Vincent Medical Holdings Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Vincent Medical Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01612
49GF Score
Vincent Medical Holdings Ltd HKSE:01612
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$104.4 Mil.
Cash Flow from Operations was HK$167.1 Mil.
Revenue was HK$932.8 Mil.
Gross Profit was HK$327.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (919.685 + 1171.496) / 2 = HK$1045.5905 Mil.
Total Assets at the begining of this year (Dec24) was HK$919.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$137.6 Mil.
Total Current Assets was HK$698.8 Mil.
Total Current Liabilities was HK$357.0 Mil.
Net Income was HK$69.2 Mil.

Revenue was HK$801.0 Mil.
Gross Profit was HK$260.0 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (786.609 + 919.685) / 2 = HK$853.147 Mil.
Total Assets at the begining of last year (Dec23) was HK$786.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$60.1 Mil.
Total Current Assets was HK$587.7 Mil.
Total Current Liabilities was HK$271.9 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.

Vincent Medical Holdings's current Net Income (TTM) was 104.4. ==> 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.

Vincent Medical Holdings's current Cash Flow from Operations (TTM) was 167.1. ==> 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)
=104.378/919.685
=0.11349321

ROA (Last Year)=Net Income/Total Assets (Dec23)
=69.167/786.609
=0.0879306

Vincent Medical Holdings's return on assets of this year was 0.11349321. Vincent Medical Holdings's return on assets of last year was 0.0879306. ==> 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.

Vincent Medical Holdings's current Net Income (TTM) was 104.4. Vincent Medical Holdings's current Cash Flow from Operations (TTM) was 167.1. ==> 167.1 > 104.4 ==> 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
=137.644/1045.5905
=0.13164236

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=60.079/853.147
=0.07042046

Vincent Medical Holdings's gearing of this year was 0.13164236. Vincent Medical Holdings's gearing of last year was 0.07042046. ==> Last year is lower than this year ==> Score 0.

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
=698.825/356.962
=1.95770138

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=587.657/271.94
=2.16098036

Vincent Medical Holdings's current ratio of this year was 1.95770138. Vincent Medical Holdings's current ratio of last year was 2.16098036. ==> 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.

Vincent Medical Holdings's number of shares in issue this year was 645.053. Vincent Medical Holdings's number of shares in issue last year was 643.336. ==> 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
=327.444/932.784
=0.35103947

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=259.992/800.963
=0.32459926

Vincent Medical Holdings's gross margin of this year was 0.35103947. Vincent Medical Holdings's gross margin of last year was 0.32459926. ==> 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)
=932.784/919.685
=1.01424292

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=800.963/786.609
=1.01824795

Vincent Medical Holdings's asset turnover of this year was 1.01424292. Vincent Medical Holdings's asset turnover of last year was 1.01824795. ==> 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+1+0+0+0+1+0
=5

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

Vincent Medical Holdings has an F-score of 5 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 5 mean?
Vincent Medical Holdings (HKSE:01612) has a Piotroski F-Score of 5 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vincent Medical Holdings and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Vincent Medical Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Vincent Medical Holdings ranks #277 out of 800 companies in the Medical Devices & Instruments industry, placing it in the top 34.6%.
Is Vincent Medical Holdings' Piotroski F-Score too high?
Vincent Medical Holdings' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Vincent Medical Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Vincent Medical Holdings ranks #277 out of 800 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Vincent Medical Holdings has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vincent Medical Holdings' Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Vincent Medical Holdings ranks #277 out of 800 companies for Piotroski F-Score. This puts Vincent Medical Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Vincent Medical Holdings' value of 5 is 0% at this benchmark. Historically, Vincent Medical Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Vincent Medical Holdings has consistently been at 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 800 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. Vincent Medical Holdings's current Piotroski F-Score of 5 is 0% at 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 Vincent Medical Holdings and its competitors. For the Medical Devices & Instruments 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. Vincent Medical Holdings's current Piotroski F-Score is 5, which is 17% 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 Vincent Medical Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vincent Medical Holdings (HKSE:01612) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.58, compared to a current price of HK$0.71 — trading 22.4% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Medical Devices & Instruments industry median of 5.00. Vincent Medical Holdings' overall GF Score™ is 49/100 with 4 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 Vincent Medical Holdings (HKSE:01612), the current Piotroski F-Score is 5 as of Aug. 02, 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 Vincent Medical Holdings (HKSE:01612) Overvalued in 2026?

Based on GuruFocus' analysis, Vincent Medical Holdings stock appears to be overvalued. The current stock price of HK$0.71 is trading 22.4% above its estimated GF Value™ of HK$0.58. GuruFocus considers Vincent Medical Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:01612:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: HK$0.58 vs. price of HK$0.71 (22.4% above fair value)
  • GF Score™: 49/100 with 4 warning signs
  • Industry Position: 0% at the Medical Devices & Instruments median (#277 of 800)

No single metric tells the full story. See the HKSE:01612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vincent Medical Holdings Business Description

Address 22 Tak Fung Street, Units 1604-07A, 16th Floor, Two Harbourfront, Hung Hom, Kowloon, Hong Kong, HKG
Vincent Medical Holdings Ltd is an investment holding company engaged in the manufacturing and selling of medical devices focusing on imaging disposable products on an OEM basis to one of the world's diagnostic imaging solutions providers. The company operates in two segments: OEM (original equipment manufacturing) and OBM (original brand manufacturing). The OEM segment manufactures products as per the customer's requirements. The OBM segment includes research, development, manufacturing, marketing, and sales of medical devices under the Inspired Medical, and Hand of Hope brands. The geographical segments of the company includes the United States, Spain, the PRC, Japan, Costa Rica, the Netherlands, Germany, and Others. It derives its maximum revenue from Spain.
49GF Score

Get the complete analysis for HKSE:01612

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

HK$0.71
Price
HK$0.58
GF Value