HYHDF (Sixty Six Capital) Piotroski F-Score: 3 (As of Jun. 28, 2026) — Near Median


What is Sixty Six Capital Piotroski F-Score?

Sixty Six Capital HYHDF Piotroski F-Score is 3 as of Jun. 28, 2026, which is at its 10-year median of 3.00. The stock has 2 warning signs investors should review. Among 785 Capital Markets companies, Sixty Six Capital ranks worse than 76.43% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Sixty Six Capital has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Sixty Six Capital's Piotroski F-Score or its related term are showing as below:

HYHDF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of Sixty Six Capital was 6. The lowest was 1. And the median was 3.

Sixty Six Capital  (OTCPK:HYHDF) 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.


Sixty Six Capital Piotroski F-Score Related Terms


Sixty Six Capital Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sixty Six Capital'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.

Sixty Six Capital Piotroski F-Score Chart

Sixty Six Capital 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 6.00 2.00 5.00 3.00 3.00

Sixty Six Capital Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 3.00 2.00 3.00 3.00 3.00

HYHDF vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, Sixty Six Capital'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.


Sixty Six Capital Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sixty Six Capital's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sixty Six Capital's Piotroski F-Score falls into.


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 -1.635 + 1.302 + 0.806 + -4.887 = $-4.41 Mil.
Cash Flow from Operations was -0.013 + -0.079 + -0.052 + -0.299 = $-0.44 Mil.
Revenue was 0.014 + 0.014 + 0.001 + -3.002 = $-2.97 Mil.
Gross Profit was 0.014 + 0.014 + 0.001 + -3.002 = $-2.97 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(13.551 + 11.65 + 14.483 + 18.402 + 13.037) / 5 = $14.2246 Mil.
Total Assets at the begining of this year (Dec24) was $13.55 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $13.04 Mil.
Total Current Liabilities was $2.20 Mil.
Net Income was 3.132 + -1.567 + -0.131 + 3.821 = $5.26 Mil.

Revenue was 0 + 0 + 0.017 + 15.527 = $15.54 Mil.
Gross Profit was 0 + 0 + 0.017 + 15.527 = $15.54 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(9 + 11.399 + 9.689 + 9.769 + 13.551) / 5 = $10.6816 Mil.
Total Assets at the begining of last year (Dec23) was $9.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.32 Mil.
Total Current Assets was $13.02 Mil.
Total Current Liabilities was $4.05 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.

Sixty Six Capital's current Net Income (TTM) was -4.41. ==> 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.

Sixty Six Capital's current Cash Flow from Operations (TTM) was -0.44. ==> 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)
=-4.414/13.551
=-0.32573242

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5.255/9
=0.58388889

Sixty Six Capital's return on assets of this year was -0.32573242. Sixty Six Capital's return on assets of last year was 0.58388889. ==> 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.

Sixty Six Capital's current Net Income (TTM) was -4.41. Sixty Six Capital's current Cash Flow from Operations (TTM) was -0.44. ==> -0.44 > -4.41 ==> 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
=0/14.2246
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.321/10.6816
=0.03005168

Sixty Six Capital's gearing of this year was 0. Sixty Six Capital's gearing of last year was 0.03005168. ==> 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
=13.037/2.199
=5.92860391

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=13.017/4.049
=3.21486787

Sixty Six Capital's current ratio of this year was 5.92860391. Sixty Six Capital's current ratio of last year was 3.21486787. ==> This year's current ratio is higher. ==> Score 1.

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.

Sixty Six Capital's number of shares in issue this year was 214.766. Sixty Six Capital's number of shares in issue last year was 142.49. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=-2.973/-2.973
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15.544/15.544
=1

Sixty Six Capital's gross margin of this year was 1. Sixty Six Capital's gross margin of last year was 1. ==> 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)
=-2.973/13.551
=-0.2193934

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=15.544/9
=1.72711111

Sixty Six Capital's asset turnover of this year was -0.2193934. Sixty Six Capital's asset turnover of last year was 1.72711111. ==> 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+1+1+0+0+0
=3

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

Sixty Six Capital has an F-score of 3. 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 3 mean?
Sixty Six Capital (HYHDF) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sixty Six Capital and its competitors. This is near median its historical median of 3.00. Over the past decade, Sixty Six Capital's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Sixty Six Capital ranks #600 out of 785 companies in the Capital Markets industry, placing it in the top 76.4%.
Is Sixty Six Capital's Piotroski F-Score too high?
Sixty Six Capital's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. Sixty Six Capital's value of 3 is 40% below this industry median. Based on the distribution chart, Sixty Six Capital ranks #600 out of 785 companies in the Capital Markets industry, which is in the bottom quartile relative to peers.
How does Sixty Six Capital's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Sixty Six Capital ranks #600 out of 785 companies for Piotroski F-Score. This places Sixty Six Capital in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sixty Six Capital's value of 3 is 40% below this benchmark. Historically, Sixty Six Capital's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Sixty Six Capital 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 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. Sixty Six Capital's current Piotroski F-Score of 3 is 40% 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 Sixty Six Capital and its competitors. For the Capital Markets 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. Sixty Six Capital's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sixty Six Capital stock overvalued right now?
Based on GuruFocus' analysis, Sixty Six Capital (HYHDF) is currently considered Possible Value Trap. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Capital Markets industry median of 5.00. 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 Sixty Six Capital (HYHDF), the current Piotroski F-Score is 3 as of Jun. 28, 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.

Sixty Six Capital Business Description

Other Exchanges 5CR0:GermanySIX:Canada
Address 217 Queen Street West, Suite 401, Vancouver, BC, CAN, M5V 0R2
Sixty Six Capital Inc is an investor and developer active in Fin Tech. The company's investment portfolio consists of shares of Purpose Bitcoin and Purpose Ethereum ETF (ET), and an investment via a Simple Agreement for Future Tokens (SAFT).