Minieye Technology Co (HKSE:02431) Piotroski F-Score: 1 (As of Jul. 26, 2026) — 80% Below Median

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HKSE:02431 Minieye Technology Co Ltd HKSE:02431
6 GF Score
Price HK$5.20
! 4 Warning Signs
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What is Minieye Technology Co Piotroski F-Score?

Minieye Technology Co HKSE:02431 -14.75% 6 Piotroski F-Score is 1 as of Jul. 26, 2026, which is 80% below its 10-year median of 5.00. GuruFocus rates HKSE:02431 with a GF Score™ of 6/100. The stock has 4 warning signs investors should review. Among 2,740 Software companies, Minieye Technology Co ranks worse than 98.58% on this metric.

Warning Sign:

Piotroski F-Score of 1 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

Minieye Technology Co has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

HKSE:02431' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 6
Current: 1

During the past 5 years, the highest Piotroski F-Score of Minieye Technology Co was 6. The lowest was 1. And the median was 5.

Minieye Technology Co  (HKSE:02431) 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.


Minieye Technology Co Piotroski F-Score Related Terms


Minieye Technology Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Minieye Technology 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.

Minieye Technology Co Piotroski F-Score Chart

Minieye Technology Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 5.00 6.00 1.00

Minieye Technology Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 5.00 0.00 6.00 0.00 1.00

HKSE:02431 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Minieye Technology 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.


Minieye Technology Co Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Minieye Technology Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Minieye Technology Co's Piotroski F-Score falls into.


HKSE:02431
6GF Score
Minieye Technology Co Ltd HKSE:02431
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$-442.1 Mil.
Cash Flow from Operations was HK$-469.0 Mil.
Revenue was HK$838.5 Mil.
Gross Profit was HK$156.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1791.863 + 2221.448) / 2 = HK$2006.6555 Mil.
Total Assets at the begining of this year (Dec24) was HK$1,791.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$95.4 Mil.
Total Current Assets was HK$1,928.6 Mil.
Total Current Liabilities was HK$799.5 Mil.
Net Income was HK$-231.1 Mil.

Revenue was HK$698.8 Mil.
Gross Profit was HK$111.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1189.821 + 1791.863) / 2 = HK$1490.842 Mil.
Total Assets at the begining of last year (Dec23) was HK$1,189.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$40.2 Mil.
Total Current Assets was HK$1,643.3 Mil.
Total Current Liabilities was HK$523.0 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.

Minieye Technology Co's current Net Income (TTM) was -442.1. ==> 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.

Minieye Technology Co's current Cash Flow from Operations (TTM) was -469.0. ==> 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)
=-442.055/1791.863
=-0.24670134

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-231.137/1189.821
=-0.19426199

Minieye Technology Co's return on assets of this year was -0.24670134. Minieye Technology Co's return on assets of last year was -0.19426199. ==> 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.

Minieye Technology Co's current Net Income (TTM) was -442.1. Minieye Technology Co's current Cash Flow from Operations (TTM) was -469.0. ==> -469.0 <= -442.1 ==> 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
=95.449/2006.6555
=0.04756621

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=40.206/1490.842
=0.02696865

Minieye Technology Co's gearing of this year was 0.04756621. Minieye Technology Co's gearing of last year was 0.02696865. ==> 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
=1928.553/799.495
=2.41221396

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1643.251/522.952
=3.14225971

Minieye Technology Co's current ratio of this year was 2.41221396. Minieye Technology Co's current ratio of last year was 3.14225971. ==> 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.

Minieye Technology Co's number of shares in issue this year was 404.294. Minieye Technology Co's number of shares in issue last year was 353.033. ==> 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
=156.156/838.505
=0.18623145

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=111.866/698.771
=0.16008964

Minieye Technology Co's gross margin of this year was 0.18623145. Minieye Technology Co's gross margin of last year was 0.16008964. ==> 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)
=838.505/1791.863
=0.46795151

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=698.771/1189.821
=0.58729086

Minieye Technology Co's asset turnover of this year was 0.46795151. Minieye Technology Co's asset turnover of last year was 0.58729086. ==> 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+0+0+0+0+0+0+1+0
=1

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

Minieye Technology Co has an F-score of 1. 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 1 mean?
Minieye Technology Co (HKSE:02431) has a Piotroski F-Score of 1 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Minieye Technology Co and its competitors. This is 80% below median its historical median of 5.00. Over the past decade, Minieye Technology Co's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Minieye Technology Co ranks #2701 out of 2740 companies in the Software industry, placing it in the top 98.6%.
Is Minieye Technology Co's Piotroski F-Score too high?
Minieye Technology Co's current Piotroski F-Score of 1 is 80% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. Minieye Technology Co's value of 1 is 80% below this industry median. Based on the distribution chart, Minieye Technology Co ranks #2701 out of 2740 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Minieye Technology Co has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Minieye Technology Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Minieye Technology Co ranks #2701 out of 2740 companies for Piotroski F-Score. This places Minieye Technology Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Minieye Technology Co's value of 1 is 80% below this benchmark. Historically, Minieye Technology Co's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Minieye Technology Co 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. Minieye Technology Co's current Piotroski F-Score of 1 is 80% 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 Minieye Technology Co and its competitors. For the Software 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. Minieye Technology Co's current Piotroski F-Score is 1, which is 80% 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 Minieye Technology Co stock overvalued right now?
Minieye Technology Co (HKSE:02431) has a current Piotroski F-Score of 1. The current Piotroski F-Score is 1, which is 80% below median its 10-year median of 5.00 and 80% below the Software industry median of 5.00. Minieye Technology Co's overall GF Score™ is 6/100 with 4 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 Minieye Technology Co (HKSE:02431), the current Piotroski F-Score is 1 as of Jul. 26, 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.

Minieye Technology Co Business Description

Address No. 9285 Binhe Avenue, Sha Tau Street, 25th Floor, Tower A, Building 1, Zhongzhou Binhai Commercial Center, Shangsha Community, Futian District, Guangdong Province, Shenzhen, CHN
Minieye Technology Co Ltd is an intelligent driving and cabin solutions provider, offering solutions for critical aspects of the driving experience, including piloting, parking, and in-cabin functions. It manufactures and sells intelligent driving products in the market and generates revenue from sales of driving assistance products (iSafety), intelligent navigation assistance products (iPilot), intelligent cabin products (iCabin), and also provides related spare parts and maintenance services. In addition, the group offers services and vehicle infrastructure cooperative systems to customers. Geographically, it generates a majority of its revenue from the People's Republic of China.
6GF Score

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