Velocity Composites (LSE:VEL) Piotroski F-Score: 5 (As of Jul. 14, 2026) — 25% Above Median

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LSE:VEL Velocity Composites PLC LSE:VEL
34 GF Score
Price £0.14
GF Value £0.23
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Velocity Composites Piotroski F-Score?

Velocity Composites LSE:VEL 34 Piotroski F-Score is 5 as of Jul. 14, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates LSE:VEL with a GF Score™ of 34/100 and a GF Value™ of £0.23 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 320 Aerospace & Defense companies, Velocity Composites ranks better than 53.12% 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

Velocity Composites has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

LSE:VEL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 5

During the past 12 years, the highest Piotroski F-Score of Velocity Composites was 6. The lowest was 1. And the median was 4.

Velocity Composites  (LSE:VEL) 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.


Velocity Composites Piotroski F-Score Related Terms


Velocity Composites Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Velocity Composites'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.

Velocity Composites Piotroski F-Score Chart

Velocity Composites Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.00 3.00 5.00 5.00

Velocity Composites Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.00 5.00 0.00 5.00 0.00

LSE:VEL vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Velocity Composites'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.


Velocity Composites Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Velocity Composites's Piotroski F-Score distribution charts can be found below:

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


LSE:VEL
34GF Score
Velocity Composites PLC LSE:VEL
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was £-1.08 Mil.
Cash Flow from Operations was £0.99 Mil.
Revenue was £20.70 Mil.
Gross Profit was £6.11 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (12.807 + 10.304) / 2 = £11.5555 Mil.
Total Assets at the begining of this year (Oct24) was £12.81 Mil.
Long-Term Debt & Capital Lease Obligation was £1.29 Mil.
Total Current Assets was £5.52 Mil.
Total Current Liabilities was £3.70 Mil.
Net Income was £-0.85 Mil.

Revenue was £23.01 Mil.
Gross Profit was £5.96 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (14.702 + 12.807) / 2 = £13.7545 Mil.
Total Assets at the begining of last year (Oct23) was £14.70 Mil.
Long-Term Debt & Capital Lease Obligation was £1.73 Mil.
Total Current Assets was £8.14 Mil.
Total Current Liabilities was £5.00 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.

Velocity Composites's current Net Income (TTM) was -1.08. ==> 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.

Velocity Composites's current Cash Flow from Operations (TTM) was 0.99. ==> 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 (Oct24)
=-1.084/12.807
=-0.08464121

ROA (Last Year)=Net Income/Total Assets (Oct23)
=-0.845/14.702
=-0.05747517

Velocity Composites's return on assets of this year was -0.08464121. Velocity Composites's return on assets of last year was -0.05747517. ==> 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.

Velocity Composites's current Net Income (TTM) was -1.08. Velocity Composites's current Cash Flow from Operations (TTM) was 0.99. ==> 0.99 > -1.08 ==> 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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=1.287/11.5555
=0.11137554

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=1.726/13.7545
=0.1254862

Velocity Composites's gearing of this year was 0.11137554. Velocity Composites's gearing of last year was 0.1254862. ==> 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: Oct25)=Total Current Assets/Total Current Liabilities
=5.516/3.699
=1.49121384

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=8.14/4.997
=1.62897739

Velocity Composites's current ratio of this year was 1.49121384. Velocity Composites's current ratio of last year was 1.62897739. ==> 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.

Velocity Composites's number of shares in issue this year was 57.85. Velocity Composites's number of shares in issue last year was 55.284. ==> 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
=6.106/20.701
=0.2949616

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.961/23.006
=0.25910632

Velocity Composites's gross margin of this year was 0.2949616. Velocity Composites's gross margin of last year was 0.25910632. ==> This year's gross margin is higher. ==> Score 1.

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 (Oct24)
=20.701/12.807
=1.61638167

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=23.006/14.702
=1.56482111

Velocity Composites's asset turnover of this year was 1.61638167. Velocity Composites's asset turnover of last year was 1.56482111. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+1
=5

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

Velocity Composites has an F-score of 5 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 5 mean?
Velocity Composites (LSE:VEL) has a Piotroski F-Score of 5 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Velocity Composites and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Velocity Composites' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Velocity Composites ranks #150 out of 320 companies in the Aerospace & Defense industry, placing it in the top 46.9%.
Is Velocity Composites' Piotroski F-Score too high?
Velocity Composites' current Piotroski F-Score of 5 is 25% above 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 6.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Velocity Composites' value of 5 is 0% at this industry median. Based on the distribution chart, Velocity Composites ranks #150 out of 320 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Velocity Composites has a GF Score™ of 34/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Velocity Composites' Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Velocity Composites ranks #150 out of 320 companies for Piotroski F-Score. This puts Velocity Composites in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Velocity Composites' value of 5 is 0% at this benchmark. Historically, Velocity Composites' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Velocity Composites has consistently been at 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 320 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. Velocity Composites's current Piotroski F-Score of 5 is 0% at 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 Velocity Composites and its competitors. For the Aerospace & Defense 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. Velocity Composites's current Piotroski F-Score is 5, which is 25% above 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 Velocity Composites stock overvalued right now?
Based on GuruFocus' analysis, Velocity Composites (LSE:VEL) is currently considered Significantly Undervalued. The stock's GF Value™ is £0.23, compared to a current price of £0.14 — trading 39.1% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Aerospace & Defense industry median of 5.00. Velocity Composites' overall GF Score™ is 34/100 with 3 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 Velocity Composites (LSE:VEL), the current Piotroski F-Score is 5 as of Jul. 14, 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 Velocity Composites (LSE:VEL) Overvalued in 2026?

Based on GuruFocus' analysis, Velocity Composites stock appears to be undervalued. The current stock price of £0.14 is trading 39.1% below its estimated GF Value™ of £0.23. GuruFocus considers Velocity Composites to be Significantly Undervalued.

Key valuation signals for LSE:VEL:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: £0.23 vs. price of £0.14 (39.1% below fair value)
  • GF Score™: 34/100 with 3 warning signs
  • Industry Position: 0% at the Aerospace & Defense median (#150 of 320)

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


Velocity Composites Business Description

Address Billington Road, AMS Technology Park, Burnley, Lancashire, GBR, BB11 5UB
Velocity Composites PLC is a provider of engineered composite and process material kits to the aerospace industry. The company's offerings include Engineered Vacuum Bag Material Kits, Structural Material Kits and other Support Services. The majority of revenue is derived from the sale of goods. Geographically, it generates the maximum revenue from the United Kingdom, and the rest from Europe, the USA and the rest of the World.
34GF Score

Get the complete analysis for LSE:VEL

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

£0.14
Price
£0.23
GF Value