PT Malindo Feedmill TbkISX:MAIN -2.24%97 Piotroski F-Score is 7 as of Jul. 09, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ISX:MAIN with a GF Score™ of 97/100 and a GF Value™ of Rp788.37 (Modestly Undervalued). Among 1,912 Consumer Packaged Goods companies, PT Malindo Feedmill Tbk ranks better than 88.39% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Malindo Feedmill Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Malindo Feedmill Tbk's Piotroski F-Score or its related term are showing as below:
ISX:MAIN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of PT Malindo Feedmill Tbk was 9. The lowest was 3. And the median was 6.
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.
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.
PT Malindo Feedmill Tbk Piotroski F-Score Related Terms
PT Malindo Feedmill Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Malindo Feedmill Tbk'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.
ISX:MAIN vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, PT Malindo Feedmill Tbk'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.
PT Malindo Feedmill Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Malindo Feedmill Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Malindo Feedmill Tbk's Piotroski F-Score falls into.
* 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -35923.192 + 108675.919 + 257969.147 + 123274.73 = Rp453,997 Mil. Cash Flow from Operations was -8008.388 + 238988.32 + 309530.923 + 332037.696 = Rp872,549 Mil. Revenue was 2934407.562 + 3139611.385 + 3447748.281 + 3697959.175 = Rp13,219,726 Mil. Gross Profit was 130387.246 + 307115.498 + 524988.098 + 402733.501 = Rp1,365,224 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5349376.922 + 5253413.46 + 5257761.245 + 5704660.843 + 6101647.649) / 5 = Rp5533372.0238 Mil. Total Assets at the begining of this year (Mar25) was Rp5,349,377 Mil. Long-Term Debt & Capital Lease Obligation was Rp158,130 Mil. Total Current Assets was Rp3,311,811 Mil. Total Current Liabilities was Rp2,303,031 Mil.
Net Income was 204650.85 + 66673.929 + 129051.435 + 62893.903 = Rp463,270 Mil.
Revenue was 3244039.201 + 2953545.278 + 3057877.969 + 3171104.283 = Rp12,426,567 Mil. Gross Profit was 538225.28 + 274147.525 + 356063.523 + 327974.109 = Rp1,496,410 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5705235.987 + 5563482.227 + 5421692.473 + 5380045.84 + 5349376.922) / 5 = Rp5483966.6898 Mil. Total Assets at the begining of last year (Mar24) was Rp5,705,236 Mil. Long-Term Debt & Capital Lease Obligation was Rp270,721 Mil. Total Current Assets was Rp2,843,433 Mil. Total Current Liabilities was Rp1,856,333 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.
PT Malindo Feedmill Tbk's current Net Income (TTM) was 453,997.
==> 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.
PT Malindo Feedmill Tbk's current Cash Flow from Operations (TTM) was 872,549.
==> 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.
PT Malindo Feedmill Tbk's return on assets of this year was 0.08486906. PT Malindo Feedmill Tbk's return on assets of last year was 0.08120087.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Malindo Feedmill Tbk's gearing of this year was 0.02857748. PT Malindo Feedmill Tbk's gearing of last year was 0.04936595.
==> 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
PT Malindo Feedmill Tbk's current ratio of this year was 1.4380228. PT Malindo Feedmill Tbk's current ratio of last year was 1.53174722.
==> 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.
PT Malindo Feedmill Tbk's number of shares in issue this year was 2230.498. PT Malindo Feedmill Tbk's number of shares in issue last year was 2236.486.
==> 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.
PT Malindo Feedmill Tbk's gross margin of this year was 0.10327175. PT Malindo Feedmill Tbk's gross margin of last year was 0.12042026.
==> 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
PT Malindo Feedmill Tbk's asset turnover of this year was 2.47126471. PT Malindo Feedmill Tbk's asset turnover of last year was 2.17809864.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Malindo Feedmill Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Malindo Feedmill Tbk (ISX:MAIN) has a Piotroski F-Score of 7 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Malindo Feedmill Tbk and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, PT Malindo Feedmill Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Malindo Feedmill Tbk ranks #222 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.6%.
Is PT Malindo Feedmill Tbk's Piotroski F-Score too high?
PT Malindo Feedmill Tbk's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Malindo Feedmill Tbk's value of 7 is 40% above this industry median. Based on the distribution chart, PT Malindo Feedmill Tbk ranks #222 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Malindo Feedmill Tbk has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Malindo Feedmill Tbk's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Malindo Feedmill Tbk ranks #222 out of 1912 companies for Piotroski F-Score. This places PT Malindo Feedmill Tbk in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Malindo Feedmill Tbk's value of 7 is 40% above this benchmark. Historically, PT Malindo Feedmill Tbk's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, PT Malindo Feedmill Tbk 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 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. PT Malindo Feedmill Tbk's current Piotroski F-Score of 7 is 40% 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 PT Malindo Feedmill Tbk 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. PT Malindo Feedmill Tbk's current Piotroski F-Score is 7, which is 17% above 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 PT Malindo Feedmill Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Malindo Feedmill Tbk (ISX:MAIN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp788.37, compared to a current price of Rp655.00 — trading 16.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. PT Malindo Feedmill Tbk's overall GF Score™ is 97/100. 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 PT Malindo Feedmill Tbk (ISX:MAIN), the current Piotroski F-Score is 7 as of Jul. 09, 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 PT Malindo Feedmill Tbk (ISX:MAIN) Overvalued in 2026?
Based on GuruFocus' analysis, PT Malindo Feedmill Tbk stock appears to be undervalued.
The current stock price of Rp655.00 is trading 16.9% below its estimated GF Value™ of Rp788.37.
GuruFocus considers PT Malindo Feedmill Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MAIN:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: Rp788.37 vs. price of Rp655.00 (16.9% below fair value)
Industry Position: 40% above the Consumer Packaged Goods median (#222 of 1912)
No single metric tells the full story. See the ISX:MAIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Malindo Feedmill Tbk is an Indonesian company engaged in the poultry feeds industry and day-old chicken farm. The company's chief business segments are the Feedmill segment, the Breeder segment, the Broiler segment, and the Food and Poultry Processing segment. It generates the majority of the revenue from the Feedmill segment, in which the company produces animal feed such as breeder feed, chicken broiler feed, chicken layer feed, swine feed, and other animal feed products. The company produces and markets Parent Stock and Day Old Chick in the Chicken breeding segment.
97GF Score
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