Fade Gida Yatirimnayi Ticaret AS (IST:FADE) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 33% Below Median


IST:FADE Fade Gida Yatirim Sanayi Ticaret AS IST:FADE
67 GF Score
Price ₺15.72
GF Value ₺35.78
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Fade Gida Yatirimnayi Ticaret AS Piotroski F-Score?

Fade Gida Yatirimnayi Ticaret AS IST:FADE -3.00% 67 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates IST:FADE with a GF Score™ of 67/100 and a GF Value™ of ₺35.78 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Fade Gida Yatirimnayi Ticaret AS ranks worse than 67% 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

Fade Gida Yatirimnayi Ticaret AS 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 Fade Gida Yatirimnayi Ticaret AS's Piotroski F-Score or its related term are showing as below:

IST:FADE' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 10 years, the highest Piotroski F-Score of Fade Gida Yatirimnayi Ticaret AS was 8. The lowest was 4. And the median was 6.

Fade Gida Yatirimnayi Ticaret AS  (IST:FADE) 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.


Fade Gida Yatirimnayi Ticaret AS Piotroski F-Score Related Terms


Fade Gida Yatirimnayi Ticaret AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fade Gida Yatirimnayi Ticaret AS'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.

Fade Gida Yatirimnayi Ticaret AS Piotroski F-Score Chart

Fade Gida Yatirimnayi Ticaret AS 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 5.00 8.00 6.00 7.00 4.00

Fade Gida Yatirimnayi Ticaret AS Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 7.00 6.00 5.00 4.00

IST:FADE vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Fade Gida Yatirimnayi Ticaret AS'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.


Fade Gida Yatirimnayi Ticaret AS Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fade Gida Yatirimnayi Ticaret AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fade Gida Yatirimnayi Ticaret AS's Piotroski F-Score falls into.


IST:FADE
67GF Score
Fade Gida Yatirim Sanayi Ticaret AS IST:FADE
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 (Sep24) TTM:
Net Income was -164.964 + 22.417 + -6.796 + 0 = ₺-149.3 Mil.
Cash Flow from Operations was 39.923 + 9.634 + 0.837 + 0 = ₺50.4 Mil.
Revenue was 326.546 + 167.764 + 274.717 + 0 = ₺769.0 Mil.
Gross Profit was 76.5 + 20.252 + 44.831 + 0 = ₺141.6 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Dec25) was
(1789.781 + 2324.344 + 1974.175 + 2043.859 + 2436.258) / 5 = ₺2113.6834 Mil.
Total Assets at the begining of this year (Sep24) was ₺1,789.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₺4.3 Mil.
Total Current Assets was ₺552.8 Mil.
Total Current Liabilities was ₺321.1 Mil.
Net Income was 134.999 + 16.22 + 65.591 + 37.397 = ₺254.2 Mil.

Revenue was 106.21 + 87.075 + 201.777 + 114.877 = ₺509.9 Mil.
Gross Profit was -19.908 + 33.742 + 91.586 + 36.028 = ₺141.4 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(918.16 + 1802.43 + 1440.633 + 1574.267 + 1789.781) / 5 = ₺1505.0542 Mil.
Total Assets at the begining of last year (Sep23) was ₺918.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₺12.6 Mil.
Total Current Assets was ₺363.3 Mil.
Total Current Liabilities was ₺199.8 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.

Fade Gida Yatirimnayi Ticaret AS's current Net Income (TTM) was -149.3. ==> 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.

Fade Gida Yatirimnayi Ticaret AS's current Cash Flow from Operations (TTM) was 50.4. ==> 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 (Sep24)
=-149.343/1789.781
=-0.08344205

ROA (Last Year)=Net Income/Total Assets (Sep23)
=254.207/918.16
=0.27686569

Fade Gida Yatirimnayi Ticaret AS's return on assets of this year was -0.08344205. Fade Gida Yatirimnayi Ticaret AS's return on assets of last year was 0.27686569. ==> 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.

Fade Gida Yatirimnayi Ticaret AS's current Net Income (TTM) was -149.3. Fade Gida Yatirimnayi Ticaret AS's current Cash Flow from Operations (TTM) was 50.4. ==> 50.4 > -149.3 ==> 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 Sep24 to Dec25
=4.325/2113.6834
=0.00204619

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=12.617/1505.0542
=0.00838309

Fade Gida Yatirimnayi Ticaret AS's gearing of this year was 0.00204619. Fade Gida Yatirimnayi Ticaret AS's gearing of last year was 0.00838309. ==> 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
=552.796/321.104
=1.72154816

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=363.256/199.772
=1.81835292

Fade Gida Yatirimnayi Ticaret AS's current ratio of this year was 1.72154816. Fade Gida Yatirimnayi Ticaret AS's current ratio of last year was 1.81835292. ==> 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.

Fade Gida Yatirimnayi Ticaret AS's number of shares in issue this year was 83.895. Fade Gida Yatirimnayi Ticaret AS's number of shares in issue last year was 83.895. ==> 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
=141.583/769.027
=0.18410667

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=141.448/509.939
=0.2773822

Fade Gida Yatirimnayi Ticaret AS's gross margin of this year was 0.18410667. Fade Gida Yatirimnayi Ticaret AS's gross margin of last year was 0.2773822. ==> 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 (Sep24)
=769.027/1789.781
=0.42967659

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=509.939/918.16
=0.55539231

Fade Gida Yatirimnayi Ticaret AS's asset turnover of this year was 0.42967659. Fade Gida Yatirimnayi Ticaret AS's asset turnover of last year was 0.55539231. ==> 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

Fade Gida Yatirimnayi Ticaret AS 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?
Fade Gida Yatirimnayi Ticaret AS (IST:FADE) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fade Gida Yatirimnayi Ticaret AS and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Fade Gida Yatirimnayi Ticaret AS's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Fade Gida Yatirimnayi Ticaret AS ranks #1281 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 67%.
Is Fade Gida Yatirimnayi Ticaret AS's Piotroski F-Score too high?
Fade Gida Yatirimnayi Ticaret AS's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Fade Gida Yatirimnayi Ticaret AS's value of 4 is 20% below this industry median. Based on the distribution chart, Fade Gida Yatirimnayi Ticaret AS ranks #1281 out of 1912 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Fade Gida Yatirimnayi Ticaret AS has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fade Gida Yatirimnayi Ticaret AS's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fade Gida Yatirimnayi Ticaret AS ranks #1281 out of 1912 companies for Piotroski F-Score. This places Fade Gida Yatirimnayi Ticaret AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Fade Gida Yatirimnayi Ticaret AS's value of 4 is 20% below this benchmark. Historically, Fade Gida Yatirimnayi Ticaret AS's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Fade Gida Yatirimnayi Ticaret AS 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Fade Gida Yatirimnayi Ticaret AS'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 Fade Gida Yatirimnayi Ticaret AS and its competitors. For the Consumer Packaged Goods 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. Fade Gida Yatirimnayi Ticaret AS's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fade Gida Yatirimnayi Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Fade Gida Yatirimnayi Ticaret AS (IST:FADE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺35.78, compared to a current price of ₺15.72 — trading 56.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Fade Gida Yatirimnayi Ticaret AS's overall GF Score™ is 67/100 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 Fade Gida Yatirimnayi Ticaret AS (IST:FADE), the current Piotroski F-Score is 4 as of Jun. 25, 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 Fade Gida Yatirimnayi Ticaret AS (IST:FADE) Overvalued in 2026?

Based on GuruFocus' analysis, Fade Gida Yatirimnayi Ticaret AS stock appears to be undervalued. The current stock price of ₺15.72 is trading 56.1% below its estimated GF Value™ of ₺35.78. GuruFocus considers Fade Gida Yatirimnayi Ticaret AS to be Significantly Undervalued.

Key valuation signals for IST:FADE:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: ₺35.78 vs. price of ₺15.72 (56.1% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1281 of 1912)

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


Fade Gida Yatirimnayi Ticaret AS Business Description

Address Cumhuriyet Mah. 136/2 Sk., No. 10/A, Izmir, TUR, 35660
Fade Gida Yatirim Sanayi Ticaret AS is engaged in the production of packaged food products. The company provides salted or sulphured sun-dried tomatoes and other organic products.
67GF Score

Get the complete analysis for IST:FADE

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

₺15.72
Price
₺35.78
GF Value