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Unitas HoldingsHKSE:08020 +5.26% Piotroski F-Score is 2 as of Jul. 17, 2026, which is 50% below its 10-year median of 4.00. The stock has 5 warning signs investors should review. Among 976 Transportation companies, Unitas Holdings ranks worse than 96.21% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Unitas Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Unitas Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:08020'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 2
During the past 13 years, the highest Piotroski F-Score of Unitas Holdings was 6. The lowest was 2. And the median was 4.
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.
Unitas Holdings Piotroski F-Score Related Terms
Unitas Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Unitas Holdings'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.
For the Marine Shipping subindustry, Unitas Holdings'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.
Unitas Holdings Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Unitas Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Unitas Holdings'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.
Unitas Holdings's current Net Income (TTM) was -21.28.
==> 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.
Unitas Holdings's return on assets of this year was -0.321414. Unitas Holdings's return on assets of last year was -0.00456376.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Unitas Holdings's gearing of this year was 0.08637341. Unitas Holdings's gearing of last year was 0.
==> 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
Unitas Holdings's current ratio of this year was 0.70752293. Unitas Holdings's current ratio of last year was 1.38427696.
==> 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.
Unitas Holdings's number of shares in issue this year was 2612.959. Unitas Holdings's number of shares in issue last year was 2612.959.
==> 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.
Unitas Holdings's gross margin of this year was 0.06827996. Unitas Holdings's gross margin of last year was 0.20720823.
==> 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
Unitas Holdings's asset turnover of this year was 1.51135282. Unitas Holdings's asset turnover of last year was 2.15197071.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Unitas Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Unitas Holdings (HKSE:08020) has a Piotroski F-Score of 2 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Unitas Holdings and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Unitas Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Unitas Holdings ranks #939 out of 976 companies in the Transportation industry, placing it in the top 96.2%.
Is Unitas Holdings' Piotroski F-Score too high?
Unitas Holdings' current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Transportation industry median Piotroski F-Score is 6.00. Unitas Holdings' value of 2 is 66.7% below this industry median. Based on the distribution chart, Unitas Holdings ranks #939 out of 976 companies in the Transportation industry, which is in the bottom quartile relative to peers.
How does Unitas Holdings' Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Unitas Holdings ranks #939 out of 976 companies for Piotroski F-Score. This places Unitas Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Unitas Holdings' value of 2 is 66.7% below this benchmark. Historically, Unitas Holdings' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Unitas Holdings 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 976 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. Unitas Holdings's current Piotroski F-Score of 2 is 66.7% 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 Unitas Holdings and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unitas Holdings's current Piotroski F-Score is 2, which is 50% below 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 Unitas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Unitas Holdings (HKSE:08020) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.02, compared to a current price of HK$0.02 — trading right at its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 66.7% below the Transportation industry median of 6.00. 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 Unitas Holdings (HKSE:08020), the current Piotroski F-Score is 2 as of Jul. 17, 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.
Unitas Holdings Ltd is an investment holding company. Along with subsidiary companies, it is engaged in the operating segments of Dry bulk shipping and logistic services, as well as IP automation and entertainment business, and other. It generates maximum revenue from the Dry bulk shipping and logistic services segment, providing international dry bulk shipping/ocean freight forwarding related logistics services; and IP automation and entertainment business includes the operation of two IP thematic experience centres, management and operation of four mega integrated edutainment and sports experience playgrounds, and the provision of IP related brand management and marketing consulting services. It has geographic presence in Hong Kong, Mainland China, Macau, and Singapore.
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