Sun Hing Printing Holdings (HKSE:01975) Piotroski F-Score: 3 (As of Aug. 12, 2026) — 50% Below Median

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HKSE:01975 Sun Hing Printing Holdings Ltd HKSE:01975
57 GF Score
Price HK$0.40
GF Value HK$0.28
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sun Hing Printing Holdings Piotroski F-Score?

Sun Hing Printing Holdings HKSE:01975 57 Piotroski F-Score is 3 as of Aug. 12, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates HKSE:01975 with a GF Score™ of 57/100 and a GF Value™ of HK$0.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,058 Business Services companies, Sun Hing Printing Holdings ranks worse than 85.07% 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

Sun Hing Printing 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 Sun Hing Printing Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:01975' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 3

During the past 11 years, the highest Piotroski F-Score of Sun Hing Printing Holdings was 7. The lowest was 3. And the median was 6.

Sun Hing Printing Holdings  (HKSE:01975) 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.


Sun Hing Printing Holdings Piotroski F-Score Related Terms


Sun Hing Printing Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sun Hing Printing 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.

Sun Hing Printing Holdings Piotroski F-Score Chart

Sun Hing Printing Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 7.00 6.00 3.00

Sun Hing Printing 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 0.00 6.00 0.00 3.00 0.00

HKSE:01975 vs CTAS, CPRT, GPN: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Sun Hing Printing 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.


Sun Hing Printing Holdings Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Sun Hing Printing Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01975
57GF Score
Sun Hing Printing Holdings Ltd HKSE:01975
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$-88.6 Mil.
Cash Flow from Operations was HK$4.8 Mil.
Revenue was HK$218.3 Mil.
Gross Profit was HK$61.6 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (632.436 + 515.339) / 2 = HK$573.8875 Mil.
Total Assets at the begining of this year (Jun24) was HK$632.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$86.2 Mil.
Total Current Assets was HK$344.2 Mil.
Total Current Liabilities was HK$55.9 Mil.
Net Income was HK$17.1 Mil.

Revenue was HK$296.2 Mil.
Gross Profit was HK$83.7 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (698.807 + 632.436) / 2 = HK$665.6215 Mil.
Total Assets at the begining of last year (Jun23) was HK$698.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$97.4 Mil.
Total Current Assets was HK$373.7 Mil.
Total Current Liabilities was HK$53.0 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.

Sun Hing Printing Holdings's current Net Income (TTM) was -88.6. ==> 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.

Sun Hing Printing Holdings's current Cash Flow from Operations (TTM) was 4.8. ==> 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 (Jun24)
=-88.648/632.436
=-0.14016912

ROA (Last Year)=Net Income/Total Assets (Jun23)
=17.145/698.807
=0.02453467

Sun Hing Printing Holdings's return on assets of this year was -0.14016912. Sun Hing Printing Holdings's return on assets of last year was 0.02453467. ==> 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.

Sun Hing Printing Holdings's current Net Income (TTM) was -88.6. Sun Hing Printing Holdings's current Cash Flow from Operations (TTM) was 4.8. ==> 4.8 > -88.6 ==> 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
=86.239/573.8875
=0.15027161

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=97.389/665.6215
=0.14631288

Sun Hing Printing Holdings's gearing of this year was 0.15027161. Sun Hing Printing Holdings's gearing of last year was 0.14631288. ==> 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
=344.165/55.887
=6.15823

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=373.656/52.984
=7.05224219

Sun Hing Printing Holdings's current ratio of this year was 6.15823. Sun Hing Printing Holdings's current ratio of last year was 7.05224219. ==> 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.

Sun Hing Printing Holdings's number of shares in issue this year was 480. Sun Hing Printing Holdings's number of shares in issue last year was 480. ==> 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
=61.592/218.338
=0.28209473

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=83.73/296.242
=0.28264054

Sun Hing Printing Holdings's gross margin of this year was 0.28209473. Sun Hing Printing Holdings's gross margin of last year was 0.28264054. ==> 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 (Jun24)
=218.338/632.436
=0.34523335

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=296.242/698.807
=0.42392535

Sun Hing Printing Holdings's asset turnover of this year was 0.34523335. Sun Hing Printing Holdings's asset turnover of last year was 0.42392535. ==> 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
=0+1+0+1+0+0+1+0+0
=3

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

Sun Hing Printing 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?
Sun Hing Printing Holdings (HKSE:01975) has a Piotroski F-Score of 3 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sun Hing Printing Holdings and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Sun Hing Printing Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Sun Hing Printing Holdings ranks #900 out of 1058 companies in the Business Services industry, placing it in the top 85.1%.
Is Sun Hing Printing Holdings' Piotroski F-Score too high?
Sun Hing Printing Holdings' current Piotroski F-Score of 3 is 50% 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 7.00. The Business Services industry median Piotroski F-Score is 5.00. Sun Hing Printing Holdings' value of 3 is 40% below this industry median. Based on the distribution chart, Sun Hing Printing Holdings ranks #900 out of 1058 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Sun Hing Printing Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Hing Printing Holdings' Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Sun Hing Printing Holdings ranks #900 out of 1058 companies for Piotroski F-Score. This places Sun Hing Printing Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sun Hing Printing Holdings' value of 3 is 40% below this benchmark. Historically, Sun Hing Printing Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Sun Hing Printing 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,058 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. Sun Hing Printing 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 Sun Hing Printing Holdings and its competitors. For the Business Services 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. Sun Hing Printing Holdings's current Piotroski F-Score is 3, which is 50% 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 Sun Hing Printing Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sun Hing Printing Holdings (HKSE:01975) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.28, compared to a current price of HK$0.40 — trading 42.9% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Business Services industry median of 5.00. Sun Hing Printing Holdings' overall GF Score™ is 57/100 with 6 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 Sun Hing Printing Holdings (HKSE:01975), the current Piotroski F-Score is 3 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 Sun Hing Printing Holdings (HKSE:01975) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Hing Printing Holdings stock appears to be overvalued. The current stock price of HK$0.40 is trading 42.9% above its estimated GF Value™ of HK$0.28. GuruFocus considers Sun Hing Printing Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01975:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: HK$0.28 vs. price of HK$0.40 (42.9% above fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 40% below the Business Services median (#900 of 1058)

No single metric tells the full story. See the HKSE:01975 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun Hing Printing Holdings Business Description

Address 35-37 Lee Chung Street, 4th Floor, Sze Hing Industrial Building, Chai Wan, Hong Kong, HKG
Sun Hing Printing Holdings Ltd is engaged in investment holding and the sale and manufacture of printing products. It is a printing service provider covering various printing services including corrugated boxes, gift boxes, card boxes and product boxes, gift sets containing gift boxes, cards, booklets and hardback books, colour cards, insert cards, warranty cards and plain cards, Radio-frequency Identification (RFID) labels, Real QR code, stickers, colour papers, yupo papers and red packets. The company generates the majority of revenue from the paper gift set printing services. Geographically, it has presence in Europe, Hong Kong, Mainland China, Asia, and the USA.
57GF Score

Get the complete analysis for HKSE:01975

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

HK$0.40
Price
HK$0.28
GF Value