Atlinks Group (HKSE:08043) Piotroski F-Score: 2 (As of Jun. 30, 2026) — 50% Below Median


HKSE:08043 Atlinks Group Ltd HKSE:08043
37 GF Score
Price HK$0.20
GF Value HK$0.16
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Atlinks Group Piotroski F-Score?

Atlinks Group HKSE:08043 37 Piotroski F-Score is 2 as of Jun. 30, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates HKSE:08043 with a GF Score™ of 37/100 and a GF Value™ of HK$0.16 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,432 Hardware companies, Atlinks Group ranks worse than 93.34% 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

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

HKSE:08043' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 2

During the past 11 years, the highest Piotroski F-Score of Atlinks Group was 8. The lowest was 2. And the median was 4.

Atlinks Group  (HKSE:08043) 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.


Atlinks Group Piotroski F-Score Related Terms


Atlinks Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atlinks Group'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.

Atlinks Group Piotroski F-Score Chart

Atlinks Group 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 4.00 3.00 6.00 7.00 2.00

Atlinks Group 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 2.00

HKSE:08043 vs CSCO, CIEN, MSI: Piotroski F-Score Comparison

For the Communication Equipment subindustry, Atlinks Group'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.


Atlinks Group Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Atlinks Group's Piotroski F-Score distribution charts can be found below:

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


HKSE:08043
37GF Score
Atlinks Group Ltd HKSE:08043
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$-4.3 Mil.
Cash Flow from Operations was HK$-0.8 Mil.
Revenue was HK$233.1 Mil.
Gross Profit was HK$83.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (249.791 + 239.92) / 2 = HK$244.8555 Mil.
Total Assets at the begining of this year (Dec24) was HK$249.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.1 Mil.
Total Current Assets was HK$186.2 Mil.
Total Current Liabilities was HK$166.5 Mil.
Net Income was HK$0.1 Mil.

Revenue was HK$239.9 Mil.
Gross Profit was HK$87.3 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (248.449 + 249.791) / 2 = HK$249.12 Mil.
Total Assets at the begining of last year (Dec23) was HK$248.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.1 Mil.
Total Current Assets was HK$198.8 Mil.
Total Current Liabilities was HK$177.6 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.

Atlinks Group's current Net Income (TTM) was -4.3. ==> 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.

Atlinks Group's current Cash Flow from Operations (TTM) was -0.8. ==> Negative ==> Score 0.

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)
=-4.328/249.791
=-0.01732648

ROA (Last Year)=Net Income/Total Assets (Dec23)
=0.122/248.449
=0.00049105

Atlinks Group's return on assets of this year was -0.01732648. Atlinks Group's return on assets of last year was 0.00049105. ==> 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.

Atlinks Group's current Net Income (TTM) was -4.3. Atlinks Group's current Cash Flow from Operations (TTM) was -0.8. ==> -0.8 > -4.3 ==> 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
=1.093/244.8555
=0.00446386

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.106/249.12
=0.0004255

Atlinks Group's gearing of this year was 0.00446386. Atlinks Group's gearing of last year was 0.0004255. ==> 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
=186.156/166.513
=1.11796677

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=198.763/177.551
=1.1194699

Atlinks Group's current ratio of this year was 1.11796677. Atlinks Group's current ratio of last year was 1.1194699. ==> 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.

Atlinks Group's number of shares in issue this year was 400. Atlinks Group's number of shares in issue last year was 400. ==> 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
=83.621/233.132
=0.35868521

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=87.266/239.909
=0.36374625

Atlinks Group's gross margin of this year was 0.35868521. Atlinks Group's gross margin of last year was 0.36374625. ==> 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)
=233.132/249.791
=0.93330825

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=239.909/248.449
=0.96562675

Atlinks Group's asset turnover of this year was 0.93330825. Atlinks Group's asset turnover of last year was 0.96562675. ==> 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+0+0+1+0+0+1+0+0
=2

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

Atlinks Group has an F-score of 2. 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 2 mean?
Atlinks Group (HKSE:08043) has a Piotroski F-Score of 2 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atlinks Group and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Atlinks Group's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Atlinks Group ranks #2270 out of 2432 companies in the Hardware industry, placing it in the top 93.3%.
Is Atlinks Group's Piotroski F-Score too high?
Atlinks Group's 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 8.00. The Hardware industry median Piotroski F-Score is 5.00. Atlinks Group's value of 2 is 60% below this industry median. Based on the distribution chart, Atlinks Group ranks #2270 out of 2432 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Atlinks Group has a GF Score™ of 37/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atlinks Group's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Atlinks Group ranks #2270 out of 2432 companies for Piotroski F-Score. This places Atlinks Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Atlinks Group's value of 2 is 60% below this benchmark. Historically, Atlinks Group's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Atlinks Group 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. Atlinks Group's current Piotroski F-Score of 2 is 60% 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 Atlinks Group and its competitors. For the Hardware 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. Atlinks Group'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 Atlinks Group stock overvalued right now?
Based on GuruFocus' analysis, Atlinks Group (HKSE:08043) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.16, compared to a current price of HK$0.20 — trading 25% above its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Hardware industry median of 5.00. Atlinks Group's overall GF Score™ is 37/100 with 4 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 Atlinks Group (HKSE:08043), the current Piotroski F-Score is 2 as of Jun. 30, 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 Atlinks Group (HKSE:08043) Overvalued in 2026?

Based on GuruFocus' analysis, Atlinks Group stock appears to be overvalued. The current stock price of HK$0.20 is trading 25% above its estimated GF Value™ of HK$0.16. GuruFocus considers Atlinks Group to be Modestly Overvalued.

Key valuation signals for HKSE:08043:

  • Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
  • GF Value™: HK$0.16 vs. price of HK$0.20 (25% above fair value)
  • GF Score™: 37/100 with 4 warning signs
  • Industry Position: 60% below the Hardware median (#2270 of 2432)

No single metric tells the full story. See the HKSE:08043 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atlinks Group Business Description

Address 19 Lam Lok Street, Kowloon Bay, Unit 1818, 18th Floor, Nan Fung Commercial Centre, Hong Kong, HKG
Atlinks Group Ltd is a home and office telecommunications product and baby monitors designing company. The company sells its products through telecom operators, consumer retail chain stores, and distributors located mainly in Europe, APAC, North America and Latin America. The company derives revenues principally from designing, developing, and selling home and office telecommunications products under the trademarks bearing the brand Alcatel. Geographically the company generates revenue from France, Other European Countries, APAC/MEA, Latin America, and North America with the majority being generated from France. The company generates the majority revenue from the sale of Home telephone products followed by Senior products, Office telephones, Baby monitors, and others.
37GF Score

Get the complete analysis for HKSE:08043

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

HK$0.20
Price
HK$0.16
GF Value