Redsun Services Group (HKSE:01971) Piotroski F-Score: 4 (As of Aug. 04, 2026) — 20% Below Median

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HKSE:01971 Redsun Services Group Ltd HKSE:01971
52 GF Score
Price HK$0.33
GF Value HK$0.40
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Redsun Services Group Piotroski F-Score?

Redsun Services Group HKSE:01971 52 Piotroski F-Score is 4 as of Aug. 04, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates HKSE:01971 with a GF Score™ of 52/100 and a GF Value™ of HK$0.40 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,753 Real Estate companies, Redsun Services Group ranks worse than 62.86% 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

Redsun Services Group 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 Redsun Services Group's Piotroski F-Score or its related term are showing as below:

HKSE:01971' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 9 years, the highest Piotroski F-Score of Redsun Services Group was 7. The lowest was 3. And the median was 5.

Redsun Services Group  (HKSE:01971) 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.


Redsun Services Group Piotroski F-Score Related Terms


Redsun Services Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Redsun Services Group'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.

Redsun Services Group Piotroski F-Score Chart

Redsun Services Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 3.00 6.00 5.00 4.00

Redsun Services Group Semi-Annual Data
Dec17 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 6.00 0.00 5.00 0.00 4.00

HKSE:01971 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Redsun Services Group'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.


Redsun Services Group Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Redsun Services Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Redsun Services Group's Piotroski F-Score falls into.


HKSE:01971
52GF Score
Redsun Services Group Ltd HKSE:01971
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$-43 Mil.
Cash Flow from Operations was HK$-132 Mil.
Revenue was HK$1,051 Mil.
Gross Profit was HK$232 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1770.543 + 2066.964) / 2 = HK$1918.7535 Mil.
Total Assets at the begining of this year (Dec24) was HK$1,771 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0 Mil.
Total Current Assets was HK$1,722 Mil.
Total Current Liabilities was HK$1,011 Mil.
Net Income was HK$15 Mil.

Revenue was HK$1,096 Mil.
Gross Profit was HK$213 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1852.737 + 1770.543) / 2 = HK$1811.64 Mil.
Total Assets at the begining of last year (Dec23) was HK$1,853 Mil.
Long-Term Debt & Capital Lease Obligation was HK$18 Mil.
Total Current Assets was HK$1,468 Mil.
Total Current Liabilities was HK$768 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.

Redsun Services Group's current Net Income (TTM) was -43. ==> 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.

Redsun Services Group's current Cash Flow from Operations (TTM) was -132. ==> 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 (Dec24)
=-42.556/1770.543
=-0.02403556

ROA (Last Year)=Net Income/Total Assets (Dec23)
=15.36/1852.737
=0.00829044

Redsun Services Group's return on assets of this year was -0.02403556. Redsun Services Group's return on assets of last year was 0.00829044. ==> 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.

Redsun Services Group's current Net Income (TTM) was -43. Redsun Services Group's current Cash Flow from Operations (TTM) was -132. ==> -132 <= -43 ==> 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
=0/1918.7535
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=18.401/1811.64
=0.0101571

Redsun Services Group's gearing of this year was 0. Redsun Services Group's gearing of last year was 0.0101571. ==> 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
=1722.396/1010.97
=1.70370634

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1468.263/767.665
=1.91263507

Redsun Services Group's current ratio of this year was 1.70370634. Redsun Services Group's current ratio of last year was 1.91263507. ==> 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.

Redsun Services Group's number of shares in issue this year was 415. Redsun Services Group's number of shares in issue last year was 415. ==> 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
=231.789/1051.076
=0.22052544

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=213.065/1096.155
=0.19437488

Redsun Services Group's gross margin of this year was 0.22052544. Redsun Services Group's gross margin of last year was 0.19437488. ==> 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)
=1051.076/1770.543
=0.59364613

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1096.155/1852.737
=0.59164091

Redsun Services Group's asset turnover of this year was 0.59364613. Redsun Services Group's asset turnover of last year was 0.59164091. ==> 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+0+1+0+1+1+1
=4

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

Redsun Services Group 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?
Redsun Services Group (HKSE:01971) has a Piotroski F-Score of 4 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Redsun Services Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Redsun Services Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Redsun Services Group ranks #1102 out of 1753 companies in the Real Estate industry, placing it in the top 62.9%.
Is Redsun Services Group's Piotroski F-Score too high?
Redsun Services Group's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Redsun Services Group's value of 4 is 20% below this industry median. Based on the distribution chart, Redsun Services Group ranks #1102 out of 1753 companies in the Real Estate industry, which is below the industry midpoint. Overall, Redsun Services Group has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Redsun Services Group's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Redsun Services Group ranks #1102 out of 1753 companies for Piotroski F-Score. This places Redsun Services Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Redsun Services Group's value of 4 is 20% below this benchmark. Historically, Redsun Services Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Redsun Services Group 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. Redsun Services Group'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 Redsun Services Group and its competitors. For the Real Estate 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. Redsun Services Group's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redsun Services Group stock overvalued right now?
Based on GuruFocus' analysis, Redsun Services Group (HKSE:01971) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.40, compared to a current price of HK$0.33 — trading 18.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Real Estate industry median of 5.00. Redsun Services Group's overall GF Score™ is 52/100 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 Redsun Services Group (HKSE:01971), the current Piotroski F-Score is 4 as of Aug. 04, 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 Redsun Services Group (HKSE:01971) Overvalued in 2026?

Based on GuruFocus' analysis, Redsun Services Group stock appears to be undervalued. The current stock price of HK$0.33 is trading 18.8% below its estimated GF Value™ of HK$0.40. GuruFocus considers Redsun Services Group to be Modestly Undervalued.

Key valuation signals for HKSE:01971:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: HK$0.40 vs. price of HK$0.33 (18.8% below fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 20% below the Real Estate median (#1102 of 1753)

No single metric tells the full story. See the HKSE:01971 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Redsun Services Group Business Description

Address No. 9 Daqiao North Road, 25th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN
Redsun Services Group Ltd was mainly involved in the provision of property management services, value-added services to non-property owners, community value-added services and other services. The company has one operating segment. The group provide a wide range of property management services to property owners, residents and tenants, value-added services to non-property owners (mainly property developers) and other property management companies, and community value-added services to residential property owners and residents. The majority of revenue comes from property management services which includes residents and tenants, including order maintenance, cleaning, landscaping, facilities management, customer services and repair and maintenance services.
52GF Score

Get the complete analysis for HKSE:01971

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

HK$0.33
Price
HK$0.40
GF Value