China Boton Group Co (HKSE:03318) Piotroski F-Score: 3 (As of Jul. 29, 2026) — 40% Below Median

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HKSE:03318 China Boton Group Co Ltd HKSE:03318
52 GF Score
Price HK$2.48
GF Value HK$1.34
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is China Boton Group Co Piotroski F-Score?

China Boton Group Co HKSE:03318 52 Piotroski F-Score is 3 as of Jul. 29, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates HKSE:03318 with a GF Score™ of 52/100 and a GF Value™ of HK$1.34 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,558 Chemicals companies, China Boton Group Co ranks worse than 82.61% 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

China Boton Group Co 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 China Boton Group Co's Piotroski F-Score or its related term are showing as below:

HKSE:03318' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of China Boton Group Co was 8. The lowest was 3. And the median was 5.

China Boton Group Co  (HKSE:03318) 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.


China Boton Group Co Piotroski F-Score Related Terms


China Boton Group Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China Boton Group 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.

China Boton Group Co Piotroski F-Score Chart

China Boton Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 7.00 4.00 3.00

China Boton Group Co 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 7.00 0.00 4.00 0.00 3.00

HKSE:03318 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, China Boton Group 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.


China Boton Group Co Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Boton Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where China Boton Group Co's Piotroski F-Score falls into.


HKSE:03318
52GF Score
China Boton Group Co Ltd HKSE:03318
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$-1,140 Mil.
Cash Flow from Operations was HK$98 Mil.
Revenue was HK$1,652 Mil.
Gross Profit was HK$417 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (6724.119 + 7510.915) / 2 = HK$7117.517 Mil.
Total Assets at the begining of this year (Dec24) was HK$6,724 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,428 Mil.
Total Current Assets was HK$3,376 Mil.
Total Current Liabilities was HK$3,346 Mil.
Net Income was HK$20 Mil.

Revenue was HK$1,765 Mil.
Gross Profit was HK$638 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (6570.184 + 6724.119) / 2 = HK$6647.1515 Mil.
Total Assets at the begining of last year (Dec23) was HK$6,570 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,028 Mil.
Total Current Assets was HK$1,990 Mil.
Total Current Liabilities was HK$1,940 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.

China Boton Group Co's current Net Income (TTM) was -1,140. ==> 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.

China Boton Group Co's current Cash Flow from Operations (TTM) was 98. ==> 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)
=-1139.915/6724.119
=-0.1695263

ROA (Last Year)=Net Income/Total Assets (Dec23)
=19.625/6570.184
=0.00298698

China Boton Group Co's return on assets of this year was -0.1695263. China Boton Group Co's return on assets of last year was 0.00298698. ==> 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.

China Boton Group Co's current Net Income (TTM) was -1,140. China Boton Group Co's current Cash Flow from Operations (TTM) was 98. ==> 98 > -1,140 ==> 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
=1427.675/7117.517
=0.2005861

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1028.195/6647.1515
=0.15468205

China Boton Group Co's gearing of this year was 0.2005861. China Boton Group Co's gearing of last year was 0.15468205. ==> 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
=3375.97/3345.984
=1.00896179

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1989.832/1939.962
=1.02570669

China Boton Group Co's current ratio of this year was 1.00896179. China Boton Group Co's current ratio of last year was 1.02570669. ==> 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 Boton Group Co's number of shares in issue this year was 1080.012. China Boton Group Co's number of shares in issue last year was 1080.252. ==> 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
=416.591/1652.219
=0.2521403

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=638.368/1764.858
=0.36171069

China Boton Group Co's gross margin of this year was 0.2521403. China Boton Group Co's gross margin of last year was 0.36171069. ==> 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)
=1652.219/6724.119
=0.24571531

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1764.858/6570.184
=0.26861622

China Boton Group Co's asset turnover of this year was 0.24571531. China Boton Group Co's asset turnover of last year was 0.26861622. ==> 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

China Boton Group Co 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?
China Boton Group Co (HKSE:03318) has a Piotroski F-Score of 3 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Boton Group Co and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, China Boton Group Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, China Boton Group Co ranks #1287 out of 1558 companies in the Chemicals industry, placing it in the top 82.6%.
Is China Boton Group Co's Piotroski F-Score too high?
China Boton Group Co's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. 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 Boton Group Co's value of 3 is 40% below this industry median. Based on the distribution chart, China Boton Group Co ranks #1287 out of 1558 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, China Boton Group Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Boton Group Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, China Boton Group Co ranks #1287 out of 1558 companies for Piotroski F-Score. This places China Boton Group Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. China Boton Group Co's value of 3 is 40% below this benchmark. Historically, China Boton Group Co'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 5.00 vs. the industry median of 5.00, China Boton Group 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,558 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 Boton Group Co'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 Boton Group Co 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 Boton Group Co's current Piotroski F-Score is 3, which is 40% 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 China Boton Group Co stock overvalued right now?
Based on GuruFocus' analysis, China Boton Group Co (HKSE:03318) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.34, compared to a current price of HK$2.48 — trading 85.1% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Chemicals industry median of 5.00. China Boton Group Co's overall GF Score™ is 52/100 with 10 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 Boton Group Co (HKSE:03318), the current Piotroski F-Score is 3 as of Jul. 29, 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 Boton Group Co (HKSE:03318) Overvalued in 2026?

Based on GuruFocus' analysis, China Boton Group Co stock appears to be overvalued. The current stock price of HK$2.48 is trading 85.1% above its estimated GF Value™ of HK$1.34. GuruFocus considers China Boton Group Co to be Significantly Overvalued.

Key valuation signals for HKSE:03318:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: HK$1.34 vs. price of HK$2.48 (85.1% above fair value)
  • GF Score™: 52/100 with 10 warning signs
  • Industry Position: 40% below the Chemicals median (#1287 of 1558)

No single metric tells the full story. See the HKSE:03318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Boton Group Co Business Description

Address 368 Kwun Tong Road, Flat A-B, 37/F Boton Technology Innovation Tower, Kowloon, HKG
China Boton Group Co Ltd is an investment holding company engaged in the manufacture and sale of flavors, fragrances, and healthcare products. The company operates its business through five business segments. The Flavor Enhancers segment is engaged in the development and sale of fragrance enhancer products. The Food Flavors segment is engaged in the production and sale of food flavors. The Fine Fragrances segment is engaged in the production and sale of fine fragrances. The e-Cigarette products segment comprises disposable e-Cigarettes and rechargeable e-Cigarettes and their accessories. The Investment Properties segment is engaged in real estate leasing. Its geographical segments are the PRC, Europe, the United States, Asia, and Others, of which prime revenue is derived from the PRC.
52GF Score

Get the complete analysis for HKSE:03318

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

HK$2.48
Price
HK$1.34
GF Value