Shanghai Chicmax Cosmetic Co (HKSE:02145) Piotroski F-Score: 7 (As of Aug. 09, 2026) — Near Median

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HKSE:02145 Shanghai Chicmax Cosmetic Co Ltd HKSE:02145
79 GF Score
Price HK$27.72
GF Value HK$95.85
Valuation Significantly Undervalued
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What is Shanghai Chicmax Cosmetic Co Piotroski F-Score?

Shanghai Chicmax Cosmetic Co HKSE:02145 -1.14% 79 Piotroski F-Score is 7 as of Aug. 09, 2026, which is at its 10-year median of 7.00. GuruFocus rates HKSE:02145 with a GF Score™ of 79/100 and a GF Value™ of HK$95.85 (Significantly Undervalued). Among 1,908 Consumer Packaged Goods companies, Shanghai Chicmax Cosmetic Co ranks better than 88.47% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Shanghai Chicmax Cosmetic Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Shanghai Chicmax Cosmetic Co's Piotroski F-Score or its related term are showing as below:

HKSE:02145' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 7 years, the highest Piotroski F-Score of Shanghai Chicmax Cosmetic Co was 8. The lowest was 4. And the median was 7.

Shanghai Chicmax Cosmetic Co  (HKSE:02145) 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.


Shanghai Chicmax Cosmetic Co Piotroski F-Score Related Terms


Shanghai Chicmax Cosmetic Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shanghai Chicmax Cosmetic Co'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.

Shanghai Chicmax Cosmetic Co Piotroski F-Score Chart

Shanghai Chicmax Cosmetic Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 8.00 4.00 8.00 6.00 7.00

Shanghai Chicmax Cosmetic Co Semi-Annual Data
Dec19 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 8.00 0.00 6.00 0.00 7.00

HKSE:02145 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Shanghai Chicmax Cosmetic Co'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.


Shanghai Chicmax Cosmetic Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shanghai Chicmax Cosmetic Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Shanghai Chicmax Cosmetic Co's Piotroski F-Score falls into.


HKSE:02145
79GF Score
Shanghai Chicmax Cosmetic Co Ltd HKSE:02145
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$1,218 Mil.
Cash Flow from Operations was HK$1,331 Mil.
Revenue was HK$10,139 Mil.
Gross Profit was HK$7,749 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3839.986 + 5487.545) / 2 = HK$4663.7655 Mil.
Total Assets at the begining of this year (Dec24) was HK$3,840 Mil.
Long-Term Debt & Capital Lease Obligation was HK$359 Mil.
Total Current Assets was HK$3,493 Mil.
Total Current Liabilities was HK$1,888 Mil.
Net Income was HK$834 Mil.

Revenue was HK$7,252 Mil.
Gross Profit was HK$5,455 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3422.245 + 3839.986) / 2 = HK$3631.1155 Mil.
Total Assets at the begining of last year (Dec23) was HK$3,422 Mil.
Long-Term Debt & Capital Lease Obligation was HK$10 Mil.
Total Current Assets was HK$2,638 Mil.
Total Current Liabilities was HK$1,433 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.

Shanghai Chicmax Cosmetic Co's current Net Income (TTM) was 1,218. ==> 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.

Shanghai Chicmax Cosmetic Co's current Cash Flow from Operations (TTM) was 1,331. ==> 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)
=1218.041/3839.986
=0.31719933

ROA (Last Year)=Net Income/Total Assets (Dec23)
=834.071/3422.245
=0.24372042

Shanghai Chicmax Cosmetic Co's return on assets of this year was 0.31719933. Shanghai Chicmax Cosmetic Co's return on assets of last year was 0.24372042. ==> 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.

Shanghai Chicmax Cosmetic Co's current Net Income (TTM) was 1,218. Shanghai Chicmax Cosmetic Co's current Cash Flow from Operations (TTM) was 1,331. ==> 1,331 > 1,218 ==> 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
=359.011/4663.7655
=0.07697878

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=10.087/3631.1155
=0.00277793

Shanghai Chicmax Cosmetic Co's gearing of this year was 0.07697878. Shanghai Chicmax Cosmetic Co's gearing of last year was 0.00277793. ==> 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
=3493.101/1888.346
=1.84982042

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2638.047/1432.776
=1.84121384

Shanghai Chicmax Cosmetic Co's current ratio of this year was 1.84982042. Shanghai Chicmax Cosmetic Co's current ratio of last year was 1.84121384. ==> 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.

Shanghai Chicmax Cosmetic Co's number of shares in issue this year was 398.057. Shanghai Chicmax Cosmetic Co's number of shares in issue last year was 397.986. ==> 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
=7749.266/10138.942
=0.76430716

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5455.15/7252.182
=0.75220809

Shanghai Chicmax Cosmetic Co's gross margin of this year was 0.76430716. Shanghai Chicmax Cosmetic Co's gross margin of last year was 0.75220809. ==> 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)
=10138.942/3839.986
=2.64035911

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=7252.182/3422.245
=2.11912999

Shanghai Chicmax Cosmetic Co's asset turnover of this year was 2.64035911. Shanghai Chicmax Cosmetic Co's asset turnover of last year was 2.11912999. ==> 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+1+1+0+1+0+1+1
=7

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

Shanghai Chicmax Cosmetic Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Shanghai Chicmax Cosmetic Co (HKSE:02145) has a Piotroski F-Score of 7 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shanghai Chicmax Cosmetic Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Shanghai Chicmax Cosmetic Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Shanghai Chicmax Cosmetic Co ranks #220 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Shanghai Chicmax Cosmetic Co's Piotroski F-Score too high?
Shanghai Chicmax Cosmetic Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Shanghai Chicmax Cosmetic Co's value of 7 is 40% above this industry median. Based on the distribution chart, Shanghai Chicmax Cosmetic Co ranks #220 out of 1908 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Chicmax Cosmetic Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Chicmax Cosmetic Co's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Shanghai Chicmax Cosmetic Co ranks #220 out of 1908 companies for Piotroski F-Score. This places Shanghai Chicmax Cosmetic Co in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Shanghai Chicmax Cosmetic Co's value of 7 is 40% above this benchmark. Historically, Shanghai Chicmax Cosmetic Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Shanghai Chicmax Cosmetic Co has consistently been above 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 1,908 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. Shanghai Chicmax Cosmetic Co's current Piotroski F-Score of 7 is 40% above 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 Shanghai Chicmax Cosmetic Co 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. Shanghai Chicmax Cosmetic Co's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Chicmax Cosmetic Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Chicmax Cosmetic Co (HKSE:02145) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$95.85, compared to a current price of HK$27.72 — trading 71.1% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Shanghai Chicmax Cosmetic Co's overall GF Score™ is 79/100. 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 Shanghai Chicmax Cosmetic Co (HKSE:02145), the current Piotroski F-Score is 7 as of Aug. 09, 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 Shanghai Chicmax Cosmetic Co (HKSE:02145) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Chicmax Cosmetic Co stock appears to be undervalued. The current stock price of HK$27.72 is trading 71.1% below its estimated GF Value™ of HK$95.85. GuruFocus considers Shanghai Chicmax Cosmetic Co to be Significantly Undervalued.

Key valuation signals for HKSE:02145:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: HK$95.85 vs. price of HK$27.72 (71.1% below fair value)
  • GF Score™: 79/100
  • Industry Position: 40% above the Consumer Packaged Goods median (#220 of 1908)

No single metric tells the full story. See the HKSE:02145 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Chicmax Cosmetic Co Business Description

Address Jumeng Tiandi Plaza No. 710 Yishan Road, 22nd Floor, Building 5, Xuhui District, Shanghai, CHN
Shanghai Chicmax Cosmetic Co Ltd is a China-based multi-brand cosmetics company mainly engaged in the research, development, production, and sales of skincare, maternity, and childcare products. It offers a wide range of cosmetics products under various brands, including KANS, One Leaf, and Baby Elephant. The company's products include skin care products, maternal and childcare products, toiletries, and others. The group operates in one single business unit that includes mainly the manufacture and sale of cosmetic products.
79GF Score

Get the complete analysis for HKSE:02145

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

HK$27.72
Price
HK$95.85
GF Value