HKSE:02439'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 3
During the past 7 years, the highest Piotroski F-Score of China Treasures New Materials Group was 8. The lowest was 3. And the median was 6.
China Treasures New Materials Group (HKSE:02439) 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.
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.
China Treasures New Materials Group Piotroski F-Score Related Terms
China Treasures New Materials Group Piotroski F-Score Historical Data
* 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.
China Treasures New Materials Group Piotroski F-Score Chart
HKSE:02439 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, China Treasures New Materials 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.
China Treasures New Materials Group Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, China Treasures New Materials Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where China Treasures New Materials Group's Piotroski F-Score falls into.
* 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.
*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.
China Treasures New Materials Group's current Net Income (TTM) was 32.2.
==> 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.
China Treasures New Materials Group's current Cash Flow from Operations (TTM) was 30.5.
==> 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.
China Treasures New Materials Group's return on assets of this year was 0.04362037. China Treasures New Materials Group's return on assets of last year was 0.1944418.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
China Treasures New Materials Group's gearing of this year was 0.23808398. China Treasures New Materials Group's gearing of last year was 0.00203752.
==> 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
China Treasures New Materials Group's current ratio of this year was 1.48414948. China Treasures New Materials Group's current ratio of last year was 4.47043869.
==> 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.
China Treasures New Materials Group's number of shares in issue this year was 1000. China Treasures New Materials Group's number of shares in issue last year was 1000.
==> 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.
China Treasures New Materials Group's gross margin of this year was 0.38773615. China Treasures New Materials Group's gross margin of last year was 0.39764314.
==> 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
China Treasures New Materials Group's asset turnover of this year was 0.37969102. China Treasures New Materials Group's asset turnover of last year was 0.71278945.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Treasures New Materials Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
China Treasures New Materials Group (HKSE:02439) has a Piotroski F-Score of 3 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Treasures New Materials Group and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, China Treasures New Materials Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, China Treasures New Materials Group ranks #1279 out of 1562 companies in the Chemicals industry, placing it in the top 81.9%.
Is China Treasures New Materials Group's Piotroski F-Score too high?
China Treasures New Materials Group's 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 8.00. The Chemicals industry median Piotroski F-Score is 5.00. China Treasures New Materials Group's value of 3 is 40% below this industry median. Based on the distribution chart, China Treasures New Materials Group ranks #1279 out of 1562 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, China Treasures New Materials Group has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Treasures New Materials Group's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, China Treasures New Materials Group ranks #1279 out of 1562 companies for Piotroski F-Score. This places China Treasures New Materials Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. China Treasures New Materials Group's value of 3 is 40% below this benchmark. Historically, China Treasures New Materials Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, China Treasures New Materials 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. China Treasures New Materials Group'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 China Treasures New Materials Group and its competitors. For the Chemicals 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. China Treasures New Materials Group'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 China Treasures New Materials Group stock overvalued right now?
Based on GuruFocus' analysis, China Treasures New Materials Group (HKSE:02439) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.20, compared to a current price of HK$0.34 — trading 70% 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 Chemicals industry median of 5.00. China Treasures New Materials Group's overall GF Score™ is 64/100 with 9 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 China Treasures New Materials Group (HKSE:02439), the current Piotroski F-Score is 3 as of Jul. 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 China Treasures New Materials Group (HKSE:02439) Overvalued in 2026?
Based on GuruFocus' analysis, China Treasures New Materials Group stock appears to be overvalued.
The current stock price of HK$0.34 is trading 70% above its estimated GF Value™ of HK$0.20.
GuruFocus considers China Treasures New Materials Group to be Significantly Overvalued.
Key valuation signals for HKSE:02439:
Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
GF Value™: HK$0.20 vs. price of HK$0.34 (70% above fair value)
Industry Position: 40% below the Chemicals median (#1279 of 1562)
No single metric tells the full story. See the HKSE:02439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Treasures New Materials Group Business Description
China Treasures New Materials Group Ltd mainly engages in developing and manufacturing biodegradable plastic products in Northeast China. Its biodegradable plastic products mainly come in biodegradable roll bags. The Group provides biodegradable plastic products, including biodegradable masterbatches that can be used to produce biodegradable plastic products. It has two reportable and operating segments: development and manufacture of biodegradable plastic products, and development and manufacture of non-biodegradable automobile plastic parts. The Group generates the majority of its revenue from the development and manufacture of biodegradable plastic products. Geographically, it generates maximum revenue from the People's Republic of China (PRC).
64GF Score
Get the complete analysis for HKSE:02439
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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