Gaodi Holdings (HKSE:01676) Piotroski F-Score: 3 (As of Jul. 31, 2026) — 25% Below Median

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HKSE:01676 Gaodi Holdings Ltd HKSE:01676
47 GF Score
Price HK$0.21
GF Value HK$0.83
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Gaodi Holdings Piotroski F-Score?

Gaodi Holdings HKSE:01676 -2.37% 47 Piotroski F-Score is 3 as of Jul. 31, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates HKSE:01676 with a GF Score™ of 47/100 and a GF Value™ of HK$0.83 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Gaodi Holdings ranks worse than 84.51% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Gaodi Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

HKSE:01676' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 3

During the past 11 years, the highest Piotroski F-Score of Gaodi Holdings was 7. The lowest was 1. And the median was 4.

Gaodi Holdings  (HKSE:01676) 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.


Gaodi Holdings Piotroski F-Score Related Terms


Gaodi Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gaodi 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.

Gaodi Holdings Piotroski F-Score Chart

Gaodi Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 2.00 1.00 4.00 3.00

Gaodi Holdings Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 0.00 4.00 0.00 3.00 0.00

HKSE:01676 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Gaodi 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.


Gaodi Holdings Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gaodi Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01676
47GF Score
Gaodi Holdings Ltd HKSE:01676
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was HK$-109.0 Mil.
Cash Flow from Operations was HK$-84.2 Mil.
Revenue was HK$475.8 Mil.
Gross Profit was HK$55.9 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (283.741 + 222.544) / 2 = HK$253.1425 Mil.
Total Assets at the begining of this year (Jun24) was HK$283.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$37.1 Mil.
Total Current Assets was HK$202.0 Mil.
Total Current Liabilities was HK$72.0 Mil.
Net Income was HK$-86.0 Mil.

Revenue was HK$382.0 Mil.
Gross Profit was HK$12.8 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Jun24) was (380.299 + 283.741) / 2 = HK$332.02 Mil.
Total Assets at the begining of last year (Dec22) was HK$380.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$47.4 Mil.
Total Current Assets was HK$258.8 Mil.
Total Current Liabilities was HK$44.3 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.

Gaodi Holdings's current Net Income (TTM) was -109.0. ==> 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.

Gaodi Holdings's current Cash Flow from Operations (TTM) was -84.2. ==> Negative ==> Score 0.

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 (Jun24)
=-109.016/283.741
=-0.38420954

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-86.049/380.299
=-0.2262667

Gaodi Holdings's return on assets of this year was -0.38420954. Gaodi Holdings's return on assets of last year was -0.2262667. ==> 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.

Gaodi Holdings's current Net Income (TTM) was -109.0. Gaodi Holdings's current Cash Flow from Operations (TTM) was -84.2. ==> -84.2 > -109.0 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=37.105/253.1425
=0.14657752

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Jun24
=47.365/332.02
=0.14265707

Gaodi Holdings's gearing of this year was 0.14657752. Gaodi Holdings's gearing of last year was 0.14265707. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=202.037/71.957
=2.80774629

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=258.814/44.348
=5.83597907

Gaodi Holdings's current ratio of this year was 2.80774629. Gaodi Holdings's current ratio of last year was 5.83597907. ==> 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.

Gaodi Holdings's number of shares in issue this year was 174.731. Gaodi Holdings's number of shares in issue last year was 137.474. ==> 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
=55.918/475.845
=0.11751306

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12.84/382.025
=0.03361037

Gaodi Holdings's gross margin of this year was 0.11751306. Gaodi Holdings's gross margin of last year was 0.03361037. ==> 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 (Jun24)
=475.845/283.741
=1.67703998

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=382.025/380.299
=1.00453853

Gaodi Holdings's asset turnover of this year was 1.67703998. Gaodi Holdings's asset turnover of last year was 1.00453853. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+0+0+0+1+1
=3

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

Gaodi Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Gaodi Holdings (HKSE:01676) has a Piotroski F-Score of 3 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gaodi Holdings and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Gaodi Holdings' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Gaodi Holdings ranks #1615 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 84.5%.
Is Gaodi Holdings' Piotroski F-Score too high?
Gaodi Holdings' current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Gaodi Holdings' value of 3 is 40% below this industry median. Based on the distribution chart, Gaodi Holdings ranks #1615 out of 1911 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Gaodi Holdings has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gaodi Holdings' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Gaodi Holdings ranks #1615 out of 1911 companies for Piotroski F-Score. This places Gaodi Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Gaodi Holdings' value of 3 is 40% below this benchmark. Historically, Gaodi Holdings' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Gaodi 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Gaodi Holdings's current Piotroski F-Score of 3 is 40% 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 Gaodi Holdings and its competitors. For the Consumer Packaged Goods 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. Gaodi Holdings's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaodi Holdings stock overvalued right now?
Based on GuruFocus' analysis, Gaodi Holdings (HKSE:01676) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.83, compared to a current price of HK$0.21 — trading 75.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Gaodi Holdings' overall GF Score™ is 47/100 with 7 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 Gaodi Holdings (HKSE:01676), the current Piotroski F-Score is 3 as of Jul. 31, 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 Gaodi Holdings (HKSE:01676) Overvalued in 2026?

Based on GuruFocus' analysis, Gaodi Holdings stock appears to be undervalued. The current stock price of HK$0.21 is trading 75.2% below its estimated GF Value™ of HK$0.83. GuruFocus considers Gaodi Holdings to be Possible Value Trap.

Key valuation signals for HKSE:01676:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: HK$0.83 vs. price of HK$0.21 (75.2% below fair value)
  • GF Score™: 47/100 with 7 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1615 of 1911)

No single metric tells the full story. See the HKSE:01676 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gaodi Holdings Business Description

Address 199 Des Voeux Road Central, 35th Floor, Infinitus Plaza, Sheung Wan, Hong Kong, HKG
Gaodi Holdings Ltd formerly China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of food products segment and all other segment. It derives majority of the revenue from packaging and sales of food products segment.
47GF Score

Get the complete analysis for HKSE:01676

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

HK$0.21
Price
HK$0.83
GF Value