Shenzhen Dobot (HKSE:02432) Piotroski F-Score: 4 (As of Jul. 22, 2026) — Near Median

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HKSE:02432 Shenzhen Dobot Corp Ltd HKSE:02432
11 GF Score
Price HK$25.22
! 3 Warning Signs
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What is Shenzhen Dobot Piotroski F-Score?

Shenzhen Dobot HKSE:02432 -1.71% 11 Piotroski F-Score is 4 as of Jul. 22, 2026, which is at its 10-year median of 4.00. GuruFocus rates HKSE:02432 with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 2,968 Industrial Products companies, Shenzhen Dobot ranks worse than 65.3% 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

Shenzhen Dobot 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 Shenzhen Dobot's Piotroski F-Score or its related term are showing as below:

HKSE:02432' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 5
Current: 4

During the past 5 years, the highest Piotroski F-Score of Shenzhen Dobot was 5. The lowest was 4. And the median was 4.

Shenzhen Dobot  (HKSE:02432) 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.


Shenzhen Dobot Piotroski F-Score Related Terms


Shenzhen Dobot Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shenzhen Dobot'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.

Shenzhen Dobot Piotroski F-Score Chart

Shenzhen Dobot Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 5.00 4.00

Shenzhen Dobot Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 4.00 0.00 5.00 0.00 4.00

HKSE:02432 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Shenzhen Dobot'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.


Shenzhen Dobot Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Dobot's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Shenzhen Dobot's Piotroski F-Score falls into.


HKSE:02432
11GF Score
Shenzhen Dobot Corp Ltd HKSE:02432
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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$-92.3 Mil.
Cash Flow from Operations was HK$-47.1 Mil.
Revenue was HK$543.8 Mil.
Gross Profit was HK$250.5 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1596.392 + 3427.72) / 2 = HK$2512.056 Mil.
Total Assets at the begining of this year (Dec24) was HK$1,596.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2.6 Mil.
Total Current Assets was HK$3,145.7 Mil.
Total Current Liabilities was HK$342.8 Mil.
Net Income was HK$-101.8 Mil.

Revenue was HK$399.0 Mil.
Gross Profit was HK$185.8 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (803.805 + 1596.392) / 2 = HK$1200.0985 Mil.
Total Assets at the begining of last year (Dec23) was HK$803.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$21.2 Mil.
Total Current Assets was HK$1,336.8 Mil.
Total Current Liabilities was HK$355.0 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.

Shenzhen Dobot's current Net Income (TTM) was -92.3. ==> 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.

Shenzhen Dobot's current Cash Flow from Operations (TTM) was -47.1. ==> 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)
=-92.283/1596.392
=-0.05780723

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-101.816/803.805
=-0.12666754

Shenzhen Dobot's return on assets of this year was -0.05780723. Shenzhen Dobot's return on assets of last year was -0.12666754. ==> 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.

Shenzhen Dobot's current Net Income (TTM) was -92.3. Shenzhen Dobot's current Cash Flow from Operations (TTM) was -47.1. ==> -47.1 > -92.3 ==> 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
=2.617/2512.056
=0.00104178

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=21.162/1200.0985
=0.01763355

Shenzhen Dobot's gearing of this year was 0.00104178. Shenzhen Dobot's gearing of last year was 0.01763355. ==> 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
=3145.748/342.808
=9.17641362

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1336.768/355.027
=3.76525729

Shenzhen Dobot's current ratio of this year was 9.17641362. Shenzhen Dobot's current ratio of last year was 3.76525729. ==> 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.

Shenzhen Dobot's number of shares in issue this year was 414.732. Shenzhen Dobot's number of shares in issue last year was 360.984. ==> 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
=250.452/543.756
=0.4605963

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=185.753/398.966
=0.46558604

Shenzhen Dobot's gross margin of this year was 0.4605963. Shenzhen Dobot's gross margin of last year was 0.46558604. ==> 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)
=543.756/1596.392
=0.34061559

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=398.966/803.805
=0.49634675

Shenzhen Dobot's asset turnover of this year was 0.34061559. Shenzhen Dobot's asset turnover of last year was 0.49634675. ==> 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+1+1+1+1+0+0+0
=4

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

Shenzhen Dobot 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?
Shenzhen Dobot (HKSE:02432) has a Piotroski F-Score of 4 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shenzhen Dobot and its competitors. This is near median its historical median of 4.00. Over the past decade, Shenzhen Dobot's Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, Shenzhen Dobot ranks #1938 out of 2968 companies in the Industrial Products industry, placing it in the top 65.3%.
Is Shenzhen Dobot's Piotroski F-Score too high?
Shenzhen Dobot's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. Shenzhen Dobot's value of 4 is 20% below this industry median. Based on the distribution chart, Shenzhen Dobot ranks #1938 out of 2968 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Shenzhen Dobot has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Dobot's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shenzhen Dobot ranks #1938 out of 2968 companies for Piotroski F-Score. This places Shenzhen Dobot in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shenzhen Dobot's value of 4 is 20% below this benchmark. Historically, Shenzhen Dobot's own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Shenzhen Dobot 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,968 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. Shenzhen Dobot'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 Shenzhen Dobot and its competitors. For the Industrial Products 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. Shenzhen Dobot's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Dobot stock overvalued right now?
Shenzhen Dobot (HKSE:02432) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Industrial Products industry median of 5.00. Shenzhen Dobot's overall GF Score™ is 11/100 with 3 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 Shenzhen Dobot (HKSE:02432), the current Piotroski F-Score is 4 as of Jul. 22, 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.

Shenzhen Dobot Business Description

Address No. 3370 Liuxian Avenue, Room 1003, Building 2, Chongwen Park, Nanshan Smart Park, Fuguang Community, Taoyuan Sub-district Nanshan District, Shenzhen, CHN
Shenzhen Dobot Corp Ltd is engaged in the development, manufacturing and commercialization of collaborative robots, or commonly known as cobots. It has a focus on industry innovation, particularly in cobot safety measures and AI capabilities, by introducing the flexible e-skin technology, SafeSkin, and launching AI-empowered cobots underpinned by an AI-cobot empowering platform, X-Trainer. It has nearly 27 cobot models in four series, catering to numerous use cases in manufacturing, retail, healthcare, STEAM education, scientific research settings, and many more. The company's products include CRA Series, Nova Series, CR Series, etc.
11GF Score

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HK$25.22
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