ASTARTA Holding NV (LTS:0O0C) Piotroski F-Score: 3 (As of Jul. 17, 2026) — 50% Below Median

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LTS:0O0C ASTARTA Holding NV LTS:0O0C
64 GF Score
Price zł20.40
GF Value zł13.15
! 10 Warning Signs
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What is ASTARTA Holding NV Piotroski F-Score?

ASTARTA Holding NV LTS:0O0C 64 Piotroski F-Score is 3 as of Jul. 17, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates LTS:0O0C with a GF Score™ of 64/100 and a GF Value™ of zł13.15. The stock has 10 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, ASTARTA Holding NV ranks worse than 84.57% 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

ASTARTA Holding NV 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 ASTARTA Holding NV's Piotroski F-Score or its related term are showing as below:

LTS:0O0C' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of ASTARTA Holding NV was 9. The lowest was 3. And the median was 6.

ASTARTA Holding NV  (LTS:0O0C) 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.


ASTARTA Holding NV Piotroski F-Score Related Terms


ASTARTA Holding NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ASTARTA Holding NV'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.

ASTARTA Holding NV Piotroski F-Score Chart

ASTARTA Holding NV 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 8.00 3.00 7.00 7.00 4.00

ASTARTA Holding NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.00 5.00 4.00 4.00 3.00

LTS:0O0C vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, ASTARTA Holding NV'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.


ASTARTA Holding NV Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, ASTARTA Holding NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ASTARTA Holding NV's Piotroski F-Score falls into.


LTS:0O0C
64GF Score
ASTARTA Holding NV LTS:0O0C
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 156.622 + 6.357 + -105.383 + -53.882 = zł4 Mil.
Cash Flow from Operations was -46.248 + 61.249 + -4.178 + 213.436 = zł224 Mil.
Revenue was 445.801 + 516.419 + 572.798 + 575.248 = zł2,110 Mil.
Gross Profit was 254.928 + 130.437 + 71.972 + 81.255 = zł539 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3032.179 + 3264.875 + 3481.223 + 3855.979 + 3935.613) / 5 = zł3513.9738 Mil.
Total Assets at the begining of this year (Mar25) was zł3,032 Mil.
Long-Term Debt & Capital Lease Obligation was zł892 Mil.
Total Current Assets was zł1,775 Mil.
Total Current Liabilities was zł635 Mil.
Net Income was 155.326 + 119.766 + 30.33 + 26.293 = zł332 Mil.

Revenue was 631.69 + 507.613 + 676.988 + 510.126 = zł2,326 Mil.
Gross Profit was 298.237 + 241.113 + 204.459 + 136.592 = zł880 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2952.021 + 2978.946 + 3012.809 + 2967.622 + 3032.179) / 5 = zł2988.7154 Mil.
Total Assets at the begining of last year (Mar24) was zł2,952 Mil.
Long-Term Debt & Capital Lease Obligation was zł484 Mil.
Total Current Assets was zł1,405 Mil.
Total Current Liabilities was zł280 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.

ASTARTA Holding NV's current Net Income (TTM) was 4. ==> 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.

ASTARTA Holding NV's current Cash Flow from Operations (TTM) was 224. ==> 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 (Mar25)
=3.714/3032.179
=0.00122486

ROA (Last Year)=Net Income/Total Assets (Mar24)
=331.715/2952.021
=0.11236878

ASTARTA Holding NV's return on assets of this year was 0.00122486. ASTARTA Holding NV's return on assets of last year was 0.11236878. ==> 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.

ASTARTA Holding NV's current Net Income (TTM) was 4. ASTARTA Holding NV's current Cash Flow from Operations (TTM) was 224. ==> 224 > 4 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=892/3513.9738
=0.25384367

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=484.079/2988.7154
=0.16196892

ASTARTA Holding NV's gearing of this year was 0.25384367. ASTARTA Holding NV's gearing of last year was 0.16196892. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1775.487/635.274
=2.79483656

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1405.424/279.81
=5.02277974

ASTARTA Holding NV's current ratio of this year was 2.79483656. ASTARTA Holding NV's current ratio of last year was 5.02277974. ==> 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.

ASTARTA Holding NV's number of shares in issue this year was 24.47. ASTARTA Holding NV's number of shares in issue last year was 24.417. ==> 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
=538.592/2110.266
=0.2552247

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=880.401/2326.417
=0.37843645

ASTARTA Holding NV's gross margin of this year was 0.2552247. ASTARTA Holding NV's gross margin of last year was 0.37843645. ==> 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 (Mar25)
=2110.266/3032.179
=0.69595693

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2326.417/2952.021
=0.78807603

ASTARTA Holding NV's asset turnover of this year was 0.69595693. ASTARTA Holding NV's asset turnover of last year was 0.78807603. ==> 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
=1+1+0+1+0+0+0+0+0
=3

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

ASTARTA Holding NV 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?
ASTARTA Holding NV (LTS:0O0C) has a Piotroski F-Score of 3 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ASTARTA Holding NV and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, ASTARTA Holding NV's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, ASTARTA Holding NV ranks #1617 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 84.6%.
Is ASTARTA Holding NV's Piotroski F-Score too high?
ASTARTA Holding NV's current Piotroski F-Score of 3 is 50% below 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. ASTARTA Holding NV's value of 3 is 40% below this industry median. Based on the distribution chart, ASTARTA Holding NV ranks #1617 out of 1912 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, ASTARTA Holding NV has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does ASTARTA Holding NV's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, ASTARTA Holding NV ranks #1617 out of 1912 companies for Piotroski F-Score. This places ASTARTA Holding NV in the lower half of its industry. The industry median Piotroski F-Score is 5.00. ASTARTA Holding NV's value of 3 is 40% below this benchmark. Historically, ASTARTA Holding NV'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, ASTARTA Holding NV 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. ASTARTA Holding NV'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 ASTARTA Holding NV 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. ASTARTA Holding NV's current Piotroski F-Score is 3, which is 50% 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 ASTARTA Holding NV stock overvalued right now?
ASTARTA Holding NV (LTS:0O0C) has a current Piotroski F-Score of 3. The stock's GF Value™ is zł13.15, compared to a current price of zł20.40 — trading 55.1% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Consumer Packaged Goods industry median of 5.00. ASTARTA Holding NV's overall GF Score™ is 64/100 with 10 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 ASTARTA Holding NV (LTS:0O0C), the current Piotroski F-Score is 3 as of Jul. 17, 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 ASTARTA Holding NV (LTS:0O0C) Overvalued in 2026?

Based on GuruFocus' analysis, ASTARTA Holding NV stock appears to be overvalued. The current stock price of zł20.40 is trading 55.1% above its estimated GF Value™ of zł13.15.

Key valuation signals for LTS:0O0C:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: zł13.15 vs. price of zł20.40 (55.1% above fair value)
  • GF Score™: 64/100 with 10 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1617 of 1912)

No single metric tells the full story. See the LTS:0O0C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASTARTA Holding NV Business Description

Other Exchanges AST:PolandZ6J:Germany
Address 1, Lampousas street, Nicosia, CYP, 1095
ASTARTA Holding NV specializes in sugar production, crop growing, soybean processing and cattle farming. Its operations are vertically integrated, with sugar produced mainly using own-grown sugar beet and soybeans processed from in-house grown crops. Its production includes sugar and sugar by-products, grains and oilseeds, soybean crushing products and others. Its segments include production and wholesale distribution of sugar, growing and selling of grain and oilseeds crops, dairy cattle farming, and soybean processing. The agriculture segment generates maximum revenue. Its croplands, sugar and soybean processing plants, and cattle operations are mainly located in the Poltava, Vinnytsia, Khmelnytsky, Ternopil and Kharkiv oblasts of Ukraine, with maximum revenue generated from Ukraine.
64GF Score

Get the complete analysis for LTS:0O0C

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

zł20.40
Price
zł13.15
GF Value