TS Wonders Holding (HKSE:01767) Piotroski F-Score: 5 (As of Aug. 12, 2026) — 17% Below Median

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HKSE:01767 TS Wonders Holding Ltd HKSE:01767
66 GF Score
Price HK$0.33
GF Value HK$0.21
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is TS Wonders Holding Piotroski F-Score?

TS Wonders Holding HKSE:01767 +1.56% 66 Piotroski F-Score is 5 as of Aug. 12, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HKSE:01767 with a GF Score™ of 66/100 and a GF Value™ of HK$0.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,907 Consumer Packaged Goods companies, TS Wonders Holding ranks better than 51.28% 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

TS Wonders Holding 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 TS Wonders Holding's Piotroski F-Score or its related term are showing as below:

HKSE:01767' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 5

During the past 11 years, the highest Piotroski F-Score of TS Wonders Holding was 9. The lowest was 5. And the median was 6.

TS Wonders Holding  (HKSE:01767) 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.


TS Wonders Holding Piotroski F-Score Related Terms


TS Wonders Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TS Wonders Holding'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.

TS Wonders Holding Piotroski F-Score Chart

TS Wonders Holding 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 8.00 6.00 8.00 5.00

TS Wonders Holding Semi-Annual Data
Dec15 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 6.00 0.00 8.00 0.00 5.00

HKSE:01767 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, TS Wonders Holding'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.


TS Wonders Holding Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where TS Wonders Holding's Piotroski F-Score falls into.


HKSE:01767
66GF Score
TS Wonders Holding Ltd HKSE:01767
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$17.9 Mil.
Cash Flow from Operations was HK$15.3 Mil.
Revenue was HK$438.9 Mil.
Gross Profit was HK$114.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (535.998 + 602.402) / 2 = HK$569.2 Mil.
Total Assets at the begining of this year (Dec24) was HK$536.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$7.0 Mil.
Total Current Assets was HK$397.8 Mil.
Total Current Liabilities was HK$51.7 Mil.
Net Income was HK$36.4 Mil.

Revenue was HK$402.7 Mil.
Gross Profit was HK$113.6 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (492.279 + 535.998) / 2 = HK$514.1385 Mil.
Total Assets at the begining of last year (Dec23) was HK$492.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$6.1 Mil.
Total Current Assets was HK$352.9 Mil.
Total Current Liabilities was HK$47.0 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.

TS Wonders Holding's current Net Income (TTM) was 17.9. ==> 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.

TS Wonders Holding's current Cash Flow from Operations (TTM) was 15.3. ==> 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 (Dec24)
=17.874/535.998
=0.03334714

ROA (Last Year)=Net Income/Total Assets (Dec23)
=36.409/492.279
=0.07396009

TS Wonders Holding's return on assets of this year was 0.03334714. TS Wonders Holding's return on assets of last year was 0.07396009. ==> 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.

TS Wonders Holding's current Net Income (TTM) was 17.9. TS Wonders Holding's current Cash Flow from Operations (TTM) was 15.3. ==> 15.3 <= 17.9 ==> 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
=7.047/569.2
=0.01238053

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.079/514.1385
=0.01182366

TS Wonders Holding's gearing of this year was 0.01238053. TS Wonders Holding's gearing of last year was 0.01182366. ==> 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
=397.823/51.663
=7.70034648

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=352.906/46.972
=7.5131142

TS Wonders Holding's current ratio of this year was 7.70034648. TS Wonders Holding's current ratio of last year was 7.5131142. ==> This year's current ratio is higher. ==> Score 1.

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.

TS Wonders Holding's number of shares in issue this year was 1000. TS Wonders Holding's number of shares in issue last year was 1000. ==> 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
=114.346/438.858
=0.26055353

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=113.636/402.704
=0.28218245

TS Wonders Holding's gross margin of this year was 0.26055353. TS Wonders Holding's gross margin of last year was 0.28218245. ==> 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)
=438.858/535.998
=0.81876798

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=402.704/492.279
=0.81804018

TS Wonders Holding's asset turnover of this year was 0.81876798. TS Wonders Holding's asset turnover of last year was 0.81804018. ==> 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
=1+1+0+0+0+1+1+0+1
=5

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

TS Wonders Holding 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?
TS Wonders Holding (HKSE:01767) has a Piotroski F-Score of 5 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TS Wonders Holding and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, TS Wonders Holding's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, TS Wonders Holding ranks #929 out of 1907 companies in the Consumer Packaged Goods industry, placing it in the top 48.7%.
Is TS Wonders Holding's Piotroski F-Score too high?
TS Wonders Holding's 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 5.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. TS Wonders Holding's value of 5 is 0% at this industry median. Based on the distribution chart, TS Wonders Holding ranks #929 out of 1907 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, TS Wonders Holding has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TS Wonders Holding's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, TS Wonders Holding ranks #929 out of 1907 companies for Piotroski F-Score. This puts TS Wonders Holding in the upper half of its industry. The industry median Piotroski F-Score is 5.00. TS Wonders Holding's value of 5 is 0% at this benchmark. Historically, TS Wonders Holding's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, TS Wonders Holding 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,907 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. TS Wonders Holding'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 TS Wonders Holding 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. TS Wonders Holding'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 TS Wonders Holding stock overvalued right now?
Based on GuruFocus' analysis, TS Wonders Holding (HKSE:01767) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.21, compared to a current price of HK$0.33 — trading 54.8% 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 Consumer Packaged Goods industry median of 5.00. TS Wonders Holding's overall GF Score™ is 66/100 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 TS Wonders Holding (HKSE:01767), the current Piotroski F-Score is 5 as of Aug. 12, 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 TS Wonders Holding (HKSE:01767) Overvalued in 2026?

Based on GuruFocus' analysis, TS Wonders Holding stock appears to be overvalued. The current stock price of HK$0.33 is trading 54.8% above its estimated GF Value™ of HK$0.21. GuruFocus considers TS Wonders Holding to be Significantly Overvalued.

Key valuation signals for HKSE:01767:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: HK$0.21 vs. price of HK$0.33 (54.8% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#929 of 1907)

No single metric tells the full story. See the HKSE:01767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TS Wonders Holding Business Description

Address 255 Pandan Loop, Singapore, SGP, 128433
TS Wonders Holding Ltd and its subsidiaries are engaged in the production, packaging, and retailing of food products. The company's products include snack food options such as Roasted nuts, baked nuts, cassava chips, potato chips, dried fruits, and other snacks. The group's three reportable segments are Nuts, Chips, and Others, of which key revenue is derived from the Nuts segment. Geographically, it derives maximum revenue from its customers in Singapore, followed by Malaysia, the People's Republic of China (PRC), and other regions.
66GF Score

Get the complete analysis for HKSE:01767

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

HK$0.33
Price
HK$0.21
GF Value