National Agriculture Development Co (SAU:6010) Piotroski F-Score: 5 (As of Jun. 30, 2026) — 17% Below Median


SAU:6010 National Agriculture Development Co SAU:6010
80 GF Score
Price ﷼15.75
GF Value ﷼14.30
Valuation Fairly Valued
! 1 Warning Sign
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What is National Agriculture Development Co Piotroski F-Score?

National Agriculture Development Co SAU:6010 -0.44% 80 Piotroski F-Score is 5 as of Jun. 30, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates SAU:6010 with a GF Score™ of 80/100 and a GF Value™ of ﷼14.30 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,909 Consumer Packaged Goods companies, National Agriculture Development Co ranks better than 51.91% 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

National Agriculture Development Co 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 National Agriculture Development Co's Piotroski F-Score or its related term are showing as below:

SAU:6010' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of National Agriculture Development Co was 9. The lowest was 3. And the median was 6.

National Agriculture Development Co  (SAU:6010) 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.


National Agriculture Development Co Piotroski F-Score Related Terms


National Agriculture Development Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for National Agriculture Development Co'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.

National Agriculture Development Co Piotroski F-Score Chart

National Agriculture Development Co 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 8.00 7.00 5.00

National Agriculture Development Co 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 5.00 6.00 5.00 5.00 5.00

SAU:6010 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, National Agriculture Development Co'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.


National Agriculture Development Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, National Agriculture Development Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where National Agriculture Development Co's Piotroski F-Score falls into.


SAU:6010
80GF Score
National Agriculture Development Co SAU:6010
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 115.264 + 110.671 + 63.995 + 93.706 = ﷼384 Mil.
Cash Flow from Operations was 153.02 + 16.503 + 299.695 + 21.389 = ﷼491 Mil.
Revenue was 830.468 + 843.605 + 841.454 + 917.861 = ﷼3,433 Mil.
Gross Profit was 313.156 + 287.145 + 248.48 + 280.345 = ﷼1,129 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6161.834 + 6268.882 + 6242.693 + 6333.791 + 6419.045) / 5 = ﷼6285.249 Mil.
Total Assets at the begining of this year (Mar25) was ﷼6,162 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼244 Mil.
Total Current Assets was ﷼2,981 Mil.
Total Current Liabilities was ﷼1,265 Mil.
Net Income was 111.882 + 113.376 + 448.046 + 103.419 = ﷼777 Mil.

Revenue was 790.061 + 791.085 + 781.673 + 1011.451 = ﷼3,374 Mil.
Gross Profit was 298.567 + 290.328 + 263.394 + 324.173 = ﷼1,176 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5482.957 + 5630.633 + 5700.578 + 5710.39 + 6161.834) / 5 = ﷼5737.2784 Mil.
Total Assets at the begining of last year (Mar24) was ﷼5,483 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼200 Mil.
Total Current Assets was ﷼3,085 Mil.
Total Current Liabilities was ﷼1,429 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.

National Agriculture Development Co's current Net Income (TTM) was 384. ==> 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.

National Agriculture Development Co's current Cash Flow from Operations (TTM) was 491. ==> 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)
=383.636/6161.834
=0.06226003

ROA (Last Year)=Net Income/Total Assets (Mar24)
=776.723/5482.957
=0.14166133

National Agriculture Development Co's return on assets of this year was 0.06226003. National Agriculture Development Co's return on assets of last year was 0.14166133. ==> 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.

National Agriculture Development Co's current Net Income (TTM) was 384. National Agriculture Development Co's current Cash Flow from Operations (TTM) was 491. ==> 491 > 384 ==> 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
=243.978/6285.249
=0.03881756

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=199.655/5737.2784
=0.0347996

National Agriculture Development Co's gearing of this year was 0.03881756. National Agriculture Development Co's gearing of last year was 0.0347996. ==> 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
=2981.268/1265.367
=2.35605006

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3085.05/1428.513
=2.15962333

National Agriculture Development Co's current ratio of this year was 2.35605006. National Agriculture Development Co's current ratio of last year was 2.15962333. ==> 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.

National Agriculture Development Co's number of shares in issue this year was 658.964. National Agriculture Development Co's number of shares in issue last year was 658.964. ==> 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
=1129.126/3433.388
=0.32886641

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1176.462/3374.27
=0.34865675

National Agriculture Development Co's gross margin of this year was 0.32886641. National Agriculture Development Co's gross margin of last year was 0.34865675. ==> 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)
=3433.388/6161.834
=0.55720229

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3374.27/5482.957
=0.61541063

National Agriculture Development Co's asset turnover of this year was 0.55720229. National Agriculture Development Co's asset turnover of last year was 0.61541063. ==> 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+1+1+0+0
=5

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

National Agriculture Development Co 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?
National Agriculture Development Co (SAU:6010) has a Piotroski F-Score of 5 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on National Agriculture Development Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, National Agriculture Development Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, National Agriculture Development Co ranks #918 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 48.1%.
Is National Agriculture Development Co's Piotroski F-Score too high?
National Agriculture Development Co's current Piotroski F-Score of 5 is 17% 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. National Agriculture Development Co's value of 5 is 0% at this industry median. Based on the distribution chart, National Agriculture Development Co ranks #918 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, National Agriculture Development Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Agriculture Development Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, National Agriculture Development Co ranks #918 out of 1909 companies for Piotroski F-Score. This puts National Agriculture Development Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. National Agriculture Development Co's value of 5 is 0% at this benchmark. Historically, National Agriculture Development Co'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, National Agriculture Development Co 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 a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. National Agriculture Development Co'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 National Agriculture Development Co 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. National Agriculture Development Co's current Piotroski F-Score is 5, which is 17% 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 National Agriculture Development Co stock overvalued right now?
Based on GuruFocus' analysis, National Agriculture Development Co (SAU:6010) is currently considered Fairly Valued. The stock's GF Value™ is ﷼14.30, compared to a current price of ﷼15.75 — trading 10.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Consumer Packaged Goods industry median of 5.00. National Agriculture Development Co's overall GF Score™ is 80/100 with 1 warning sign 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 National Agriculture Development Co (SAU:6010), the current Piotroski F-Score is 5 as of Jun. 30, 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 National Agriculture Development Co (SAU:6010) Overvalued in 2026?

Based on GuruFocus' analysis, National Agriculture Development Co stock appears to be overvalued. The current stock price of ﷼15.75 is trading 10.1% above its estimated GF Value™ of ﷼14.30. GuruFocus considers National Agriculture Development Co to be Fairly Valued.

Key valuation signals for SAU:6010:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: ﷼14.30 vs. price of ﷼15.75 (10.1% above fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1909)

No single metric tells the full story. See the SAU:6010 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Agriculture Development Co Business Description

Address Prince Abdulrahman Bin Abdulaziz Road, Sub No. 2467, Building No. 7049, Al Murabba District, Riyadh, SAU, 11461
National Agriculture Development Co is engaged in agricultural and livestock production, reclamation of agricultural land, food processing, marketing, and distribution of its products. The company operates in three main business segments: Dairy and Foods, Agriculture, and Protein. It generates maximum revenue from the Dairy and Food segment. Its products include dairy, milk, cheese, juices, desserts and other related food. Geographically, it derives the vast majority of its revenue from Saudi Arabia.
80GF Score

Get the complete analysis for SAU:6010

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

﷼15.75
Price
﷼14.30
GF Value