Huazhong In-Vehicle Holdings Co (HKSE:06830) Piotroski F-Score: 6 (As of Jul. 20, 2026) — 14% Below Median

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HKSE:06830 Huazhong In-Vehicle Holdings Co Ltd HKSE:06830
69 GF Score
Price HK$0.20
GF Value HK$3.11
Valuation Possible Value Trap
! 3 Warning Signs
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What is Huazhong In-Vehicle Holdings Co Piotroski F-Score?

Huazhong In-Vehicle Holdings Co HKSE:06830 +1.53% 69 Piotroski F-Score is 6 as of Jul. 20, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates HKSE:06830 with a GF Score™ of 69/100 and a GF Value™ of HK$3.11 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,285 Vehicles & Parts companies, Huazhong In-Vehicle Holdings Co ranks better than 73.07% 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

Huazhong In-Vehicle Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Huazhong In-Vehicle Holdings Co's Piotroski F-Score or its related term are showing as below:

HKSE:06830' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Huazhong In-Vehicle Holdings Co was 8. The lowest was 5. And the median was 7.

Huazhong In-Vehicle Holdings Co  (HKSE:06830) 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.


Huazhong In-Vehicle Holdings Co Piotroski F-Score Related Terms


Huazhong In-Vehicle Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Huazhong In-Vehicle Holdings 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.

Huazhong In-Vehicle Holdings Co Piotroski F-Score Chart

Huazhong In-Vehicle Holdings 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 5.00 7.00 6.00 7.00 6.00

Huazhong In-Vehicle Holdings 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 6.00 0.00 7.00 0.00 6.00

HKSE:06830 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Huazhong In-Vehicle Holdings 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.


Huazhong In-Vehicle Holdings Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's Piotroski F-Score falls into.


HKSE:06830
69GF Score
Huazhong In-Vehicle Holdings Co Ltd HKSE:06830
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$40 Mil.
Cash Flow from Operations was HK$220 Mil.
Revenue was HK$2,832 Mil.
Gross Profit was HK$614 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (4040.613 + 5007.553) / 2 = HK$4524.083 Mil.
Total Assets at the begining of this year (Dec24) was HK$4,041 Mil.
Long-Term Debt & Capital Lease Obligation was HK$231 Mil.
Total Current Assets was HK$2,949 Mil.
Total Current Liabilities was HK$3,025 Mil.
Net Income was HK$45 Mil.

Revenue was HK$1,972 Mil.
Gross Profit was HK$539 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3727.582 + 4040.613) / 2 = HK$3884.0975 Mil.
Total Assets at the begining of last year (Dec23) was HK$3,728 Mil.
Long-Term Debt & Capital Lease Obligation was HK$382 Mil.
Total Current Assets was HK$2,161 Mil.
Total Current Liabilities was HK$1,938 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.

Huazhong In-Vehicle Holdings Co's current Net Income (TTM) was 40. ==> 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.

Huazhong In-Vehicle Holdings Co's current Cash Flow from Operations (TTM) was 220. ==> 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)
=39.745/4040.613
=0.00983638

ROA (Last Year)=Net Income/Total Assets (Dec23)
=44.745/3727.582
=0.01200376

Huazhong In-Vehicle Holdings Co's return on assets of this year was 0.00983638. Huazhong In-Vehicle Holdings Co's return on assets of last year was 0.01200376. ==> 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.

Huazhong In-Vehicle Holdings Co's current Net Income (TTM) was 40. Huazhong In-Vehicle Holdings Co's current Cash Flow from Operations (TTM) was 220. ==> 220 > 40 ==> 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
=231.048/4524.083
=0.05107068

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=382.409/3884.0975
=0.09845505

Huazhong In-Vehicle Holdings Co's gearing of this year was 0.05107068. Huazhong In-Vehicle Holdings Co's gearing of last year was 0.09845505. ==> 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
=2948.773/3024.832
=0.97485513

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2160.816/1938.426
=1.1147271

Huazhong In-Vehicle Holdings Co's current ratio of this year was 0.97485513. Huazhong In-Vehicle Holdings Co's current ratio of last year was 1.1147271. ==> 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.

Huazhong In-Vehicle Holdings Co's number of shares in issue this year was 1769.194. Huazhong In-Vehicle Holdings Co's number of shares in issue last year was 1769.194. ==> 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
=613.982/2832.475
=0.2167652

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=539.218/1971.669
=0.27348302

Huazhong In-Vehicle Holdings Co's gross margin of this year was 0.2167652. Huazhong In-Vehicle Holdings Co's gross margin of last year was 0.27348302. ==> 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)
=2832.475/4040.613
=0.70100131

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1971.669/3727.582
=0.52894048

Huazhong In-Vehicle Holdings Co's asset turnover of this year was 0.70100131. Huazhong In-Vehicle Holdings Co's asset turnover of last year was 0.52894048. ==> 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+0+1+1+0+1+0+1
=6

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

Huazhong In-Vehicle Holdings Co has an F-score of 6 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 6 mean?
Huazhong In-Vehicle Holdings Co (HKSE:06830) has a Piotroski F-Score of 6 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Huazhong In-Vehicle Holdings Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Huazhong In-Vehicle Holdings Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Huazhong In-Vehicle Holdings Co ranks #346 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 26.9%.
Is Huazhong In-Vehicle Holdings Co's Piotroski F-Score too high?
Huazhong In-Vehicle Holdings Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Huazhong In-Vehicle Holdings Co's value of 6 is 20% above this industry median. Based on the distribution chart, Huazhong In-Vehicle Holdings Co ranks #346 out of 1285 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Huazhong In-Vehicle Holdings Co has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Huazhong In-Vehicle Holdings Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Huazhong In-Vehicle Holdings Co ranks #346 out of 1285 companies for Piotroski F-Score. This puts Huazhong In-Vehicle Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Huazhong In-Vehicle Holdings Co's value of 6 is 20% above this benchmark. Historically, Huazhong In-Vehicle Holdings Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Huazhong In-Vehicle Holdings 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,285 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. Huazhong In-Vehicle Holdings Co's current Piotroski F-Score of 6 is 20% 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 Huazhong In-Vehicle Holdings Co and its competitors. For the Vehicles & Parts 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. Huazhong In-Vehicle Holdings Co's current Piotroski F-Score is 6, which is 14% below 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 Huazhong In-Vehicle Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Huazhong In-Vehicle Holdings Co (HKSE:06830) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.11, compared to a current price of HK$0.20 — trading 93.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Vehicles & Parts industry median of 5.00. Huazhong In-Vehicle Holdings Co's overall GF Score™ is 69/100 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 Huazhong In-Vehicle Holdings Co (HKSE:06830), the current Piotroski F-Score is 6 as of Jul. 20, 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 Huazhong In-Vehicle Holdings Co (HKSE:06830) Overvalued in 2026?

Based on GuruFocus' analysis, Huazhong In-Vehicle Holdings Co stock appears to be undervalued. The current stock price of HK$0.20 is trading 93.6% below its estimated GF Value™ of HK$3.11. GuruFocus considers Huazhong In-Vehicle Holdings Co to be Possible Value Trap.

Key valuation signals for HKSE:06830:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: HK$3.11 vs. price of HK$0.20 (93.6% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 20% above the Vehicles & Parts median (#346 of 1285)

No single metric tells the full story. See the HKSE:06830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huazhong In-Vehicle Holdings Co Business Description

Address Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN
Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the Chinese Mainland, and Overseas. It derives revenue from the sale of automobile body parts.
69GF Score

Get the complete analysis for HKSE:06830

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

HK$0.20
Price
HK$3.11
GF Value