Coolpoint Innonism Holding (HKSE:08040) Piotroski F-Score: 4 (As of Jul. 13, 2026) — Near Median


HKSE:08040 Coolpoint Innonism Holding Ltd HKSE:08040
42 GF Score
Price HK$0.57
GF Value HK$0.64
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Coolpoint Innonism Holding Piotroski F-Score?

Coolpoint Innonism Holding HKSE:08040 42 Piotroski F-Score is 4 as of Jul. 13, 2026, which is at its 10-year median of 4.00. GuruFocus rates HKSE:08040 with a GF Score™ of 42/100 and a GF Value™ of HK$0.64 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,730 Construction companies, Coolpoint Innonism Holding ranks worse than 65.38% 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

Coolpoint Innonism Holding has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Coolpoint Innonism Holding's Piotroski F-Score or its related term are showing as below:

HKSE:08040' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 9
Current: 4

During the past 11 years, the highest Piotroski F-Score of Coolpoint Innonism Holding was 9. The lowest was 1. And the median was 4.

Coolpoint Innonism Holding  (HKSE:08040) 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.


Coolpoint Innonism Holding Piotroski F-Score Related Terms


Coolpoint Innonism Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Coolpoint Innonism Holding'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.

Coolpoint Innonism Holding Piotroski F-Score Chart

Coolpoint Innonism Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 5.00 2.00 4.00 0.00

Coolpoint Innonism Holding Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2.00 0.00 4.00 0.00 0.00

HKSE:08040 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Coolpoint Innonism Holding'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.


Coolpoint Innonism Holding Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Coolpoint Innonism Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Coolpoint Innonism Holding's Piotroski F-Score falls into.


HKSE:08040
42GF Score
Coolpoint Innonism Holding Ltd HKSE:08040
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was HK$-26.4 Mil.
Cash Flow from Operations was HK$11.8 Mil.
Revenue was HK$308.5 Mil.
Gross Profit was HK$1.4 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (168.652 + 134.655) / 2 = HK$151.6535 Mil.
Total Assets at the begining of this year (Mar24) was HK$168.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3.0 Mil.
Total Current Assets was HK$123.9 Mil.
Total Current Liabilities was HK$68.6 Mil.
Net Income was HK$-14.5 Mil.

Revenue was HK$345.6 Mil.
Gross Profit was HK$12.0 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (144.383 + 168.652) / 2 = HK$156.5175 Mil.
Total Assets at the begining of last year (Mar23) was HK$144.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$27.7 Mil.
Total Current Assets was HK$160.0 Mil.
Total Current Liabilities was HK$66.5 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.

Coolpoint Innonism Holding's current Net Income (TTM) was -26.4. ==> 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.

Coolpoint Innonism Holding's current Cash Flow from Operations (TTM) was 11.8. ==> 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 (Mar24)
=-26.419/168.652
=-0.15664801

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-14.545/144.383
=-0.10073901

Coolpoint Innonism Holding's return on assets of this year was -0.15664801. Coolpoint Innonism Holding's return on assets of last year was -0.10073901. ==> 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.

Coolpoint Innonism Holding's current Net Income (TTM) was -26.4. Coolpoint Innonism Holding's current Cash Flow from Operations (TTM) was 11.8. ==> 11.8 > -26.4 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.042/151.6535
=0.02005888

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=27.664/156.5175
=0.17674701

Coolpoint Innonism Holding's gearing of this year was 0.02005888. Coolpoint Innonism Holding's gearing of last year was 0.17674701. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=123.882/68.631
=1.80504437

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=159.96/66.478
=2.40620957

Coolpoint Innonism Holding's current ratio of this year was 1.80504437. Coolpoint Innonism Holding's current ratio of last year was 2.40620957. ==> 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.

Coolpoint Innonism Holding's number of shares in issue this year was 340. Coolpoint Innonism Holding's number of shares in issue last year was 340. ==> 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
=1.365/308.502
=0.00442461

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.987/345.63
=0.0346816

Coolpoint Innonism Holding's gross margin of this year was 0.00442461. Coolpoint Innonism Holding's gross margin of last year was 0.0346816. ==> 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 (Mar24)
=308.502/168.652
=1.8292223

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=345.63/144.383
=2.39384138

Coolpoint Innonism Holding's asset turnover of this year was 1.8292223. Coolpoint Innonism Holding's asset turnover of last year was 2.39384138. ==> 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+1+0+1+0+0
=4

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

Coolpoint Innonism Holding has an F-score of 4 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 4 mean?
Coolpoint Innonism Holding (HKSE:08040) has a Piotroski F-Score of 4 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Coolpoint Innonism Holding and its competitors. This is near median its historical median of 4.00. Over the past decade, Coolpoint Innonism Holding's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Coolpoint Innonism Holding ranks #1131 out of 1730 companies in the Construction industry, placing it in the top 65.4%.
Is Coolpoint Innonism Holding's Piotroski F-Score too high?
Coolpoint Innonism Holding's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Coolpoint Innonism Holding's value of 4 is 20% below this industry median. Based on the distribution chart, Coolpoint Innonism Holding ranks #1131 out of 1730 companies in the Construction industry, which is below the industry midpoint. Overall, Coolpoint Innonism Holding has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coolpoint Innonism Holding's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Coolpoint Innonism Holding ranks #1131 out of 1730 companies for Piotroski F-Score. This places Coolpoint Innonism Holding in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Coolpoint Innonism Holding's value of 4 is 20% below this benchmark. Historically, Coolpoint Innonism Holding's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Coolpoint Innonism Holding 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,730 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. Coolpoint Innonism Holding's current Piotroski F-Score of 4 is 20% 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 Coolpoint Innonism Holding and its competitors. For the Construction 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. Coolpoint Innonism Holding's current Piotroski F-Score is 4, which is near 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 Coolpoint Innonism Holding stock overvalued right now?
Based on GuruFocus' analysis, Coolpoint Innonism Holding (HKSE:08040) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.64, compared to a current price of HK$0.57 — trading 10.9% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Construction industry median of 5.00. Coolpoint Innonism Holding's overall GF Score™ is 42/100 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 Coolpoint Innonism Holding (HKSE:08040), the current Piotroski F-Score is 4 as of Jul. 13, 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 Coolpoint Innonism Holding (HKSE:08040) Overvalued in 2026?

Based on GuruFocus' analysis, Coolpoint Innonism Holding stock appears to be undervalued. The current stock price of HK$0.57 is trading 10.9% below its estimated GF Value™ of HK$0.64. GuruFocus considers Coolpoint Innonism Holding to be Modestly Undervalued.

Key valuation signals for HKSE:08040:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: HK$0.64 vs. price of HK$0.57 (10.9% below fair value)
  • GF Score™: 42/100 with 10 warning signs
  • Industry Position: 20% below the Construction median (#1131 of 1730)

No single metric tells the full story. See the HKSE:08040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coolpoint Innonism Holding Business Description

Address Unit 315A, 3rd Floor, Building 5W Phase One, Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong, HKG
Coolpoint Innonism Holding Ltd is principally engaged in the provision of fitting-out, Nano-AM application services, and renovation services in Hong Kong. The Company's reportable and operating segments include (a) Fitting-out work, which involves works on new buildings, (b) Renovation work, which includes upgrades, makeovers, and or demolition of existing buildings; and (c) Nano-AM work, which pertains to the application of nano photocatalytic antifouling materials for repairs and maintenance of yachts. It generates the majority of the revenue from the Fitting-out works segment.
42GF Score

Get the complete analysis for HKSE:08040

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

HK$0.57
Price
HK$0.64
GF Value