Vodatel Networks Holdings (HKSE:08033) Piotroski F-Score: 6 (As of Jul. 15, 2026) — 20% Above Median

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HKSE:08033 Vodatel Networks Holdings Ltd HKSE:08033
54 GF Score
Price HK$0.12
GF Value HK$0.14
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Vodatel Networks Holdings Piotroski F-Score?

Vodatel Networks Holdings HKSE:08033 +1.64% 54 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HKSE:08033 with a GF Score™ of 54/100 and a GF Value™ of HK$0.14 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,735 Software companies, Vodatel Networks Holdings ranks better than 78.5% 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

Vodatel Networks Holdings 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 Vodatel Networks Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:08033' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Vodatel Networks Holdings was 7. The lowest was 2. And the median was 5.

Vodatel Networks Holdings  (HKSE:08033) 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.


Vodatel Networks Holdings Piotroski F-Score Related Terms


Vodatel Networks Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vodatel Networks 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.

Vodatel Networks Holdings Piotroski F-Score Chart

Vodatel Networks Holdings 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 2.00 3.00 6.00 4.00 6.00

Vodatel Networks Holdings 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 4.00 0.00 6.00

HKSE:08033 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Vodatel Networks 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.


Vodatel Networks Holdings Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Vodatel Networks Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Vodatel Networks Holdings's Piotroski F-Score falls into.


HKSE:08033
54GF Score
Vodatel Networks Holdings Ltd HKSE:08033
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$11.1 Mil.
Cash Flow from Operations was HK$42.8 Mil.
Revenue was HK$584.1 Mil.
Gross Profit was HK$113.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (456.364 + 497.248) / 2 = HK$476.806 Mil.
Total Assets at the begining of this year (Dec24) was HK$456.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$434.9 Mil.
Total Current Liabilities was HK$279.6 Mil.
Net Income was HK$10.3 Mil.

Revenue was HK$604.8 Mil.
Gross Profit was HK$118.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (436.86 + 456.364) / 2 = HK$446.612 Mil.
Total Assets at the begining of last year (Dec23) was HK$436.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.8 Mil.
Total Current Assets was HK$390.5 Mil.
Total Current Liabilities was HK$244.7 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.

Vodatel Networks Holdings's current Net Income (TTM) was 11.1. ==> 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.

Vodatel Networks Holdings's current Cash Flow from Operations (TTM) was 42.8. ==> 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)
=11.092/456.364
=0.02430516

ROA (Last Year)=Net Income/Total Assets (Dec23)
=10.275/436.86
=0.02352012

Vodatel Networks Holdings's return on assets of this year was 0.02430516. Vodatel Networks Holdings's return on assets of last year was 0.02352012. ==> 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.

Vodatel Networks Holdings's current Net Income (TTM) was 11.1. Vodatel Networks Holdings's current Cash Flow from Operations (TTM) was 42.8. ==> 42.8 > 11.1 ==> 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
=0/476.806
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.765/446.612
=0.0017129

Vodatel Networks Holdings's gearing of this year was 0. Vodatel Networks Holdings's gearing of last year was 0.0017129. ==> 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
=434.888/279.611
=1.55533223

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=390.498/244.702
=1.59581041

Vodatel Networks Holdings's current ratio of this year was 1.55533223. Vodatel Networks Holdings's current ratio of last year was 1.59581041. ==> 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.

Vodatel Networks Holdings's number of shares in issue this year was 616.115. Vodatel Networks Holdings's number of shares in issue last year was 616.115. ==> 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
=113.114/584.122
=0.1936479

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=118.056/604.794
=0.19520035

Vodatel Networks Holdings's gross margin of this year was 0.1936479. Vodatel Networks Holdings's gross margin of last year was 0.19520035. ==> 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)
=584.122/456.364
=1.27994759

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=604.794/436.86
=1.38441148

Vodatel Networks Holdings's asset turnover of this year was 1.27994759. Vodatel Networks Holdings's asset turnover of last year was 1.38441148. ==> 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
=1+1+1+1+1+0+1+0+0
=6

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

Vodatel Networks Holdings 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?
Vodatel Networks Holdings (HKSE:08033) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vodatel Networks Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Vodatel Networks Holdings' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Vodatel Networks Holdings ranks #588 out of 2735 companies in the Software industry, placing it in the top 21.5%.
Is Vodatel Networks Holdings' Piotroski F-Score too high?
Vodatel Networks Holdings' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Vodatel Networks Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Vodatel Networks Holdings ranks #588 out of 2735 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Vodatel Networks Holdings has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vodatel Networks Holdings' Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Vodatel Networks Holdings ranks #588 out of 2735 companies for Piotroski F-Score. This places Vodatel Networks Holdings in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Vodatel Networks Holdings' value of 6 is 20% above this benchmark. Historically, Vodatel Networks Holdings' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Vodatel Networks Holdings 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,735 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. Vodatel Networks Holdings'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 Vodatel Networks Holdings and its competitors. For the Software 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. Vodatel Networks Holdings's current Piotroski F-Score is 6, which is 20% above 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 Vodatel Networks Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vodatel Networks Holdings (HKSE:08033) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.12 — trading 11.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Software industry median of 5.00. Vodatel Networks Holdings' overall GF Score™ is 54/100 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 Vodatel Networks Holdings (HKSE:08033), the current Piotroski F-Score is 6 as of Jul. 15, 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 Vodatel Networks Holdings (HKSE:08033) Overvalued in 2026?

Based on GuruFocus' analysis, Vodatel Networks Holdings stock appears to be undervalued. The current stock price of HK$0.12 is trading 11.4% below its estimated GF Value™ of HK$0.14. GuruFocus considers Vodatel Networks Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:08033:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: HK$0.14 vs. price of HK$0.12 (11.4% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 20% above the Software median (#588 of 2735)

No single metric tells the full story. See the HKSE:08033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vodatel Networks Holdings Business Description

Address 74 da Rua da Felicidade, Edificio Vodatel, Taipa, MAC
Vodatel Networks Holdings Ltd is engaged in the design, supply, implementation, and maintenance of turnkey solutions in the areas of IT, networks, and surveillance, and in the development of customized software for its customers. It operates through the two reportable segments of Design, sale, and implementation of network and systems infrastructure, customer data automation, customization, and integration, and provision of technical support services in Mainland China, and Design, sale, and implementation of network and systems infrastructure, customer data automation, customization, and integration, and provision of technical support services Hong Kong and Macao, and CNMS segment which is engaged in software consultancy services in PRC.
54GF Score

Get the complete analysis for HKSE:08033

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

HK$0.12
Price
HK$0.14
GF Value