Soon Lian Holdings (SGX:5MD) Piotroski F-Score: 2 (As of Jul. 29, 2026) — 67% Below Median

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SGX:5MD Soon Lian Holdings Ltd SGX:5MD
41 GF Score
Price S$0.20
GF Value S$0.25
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Soon Lian Holdings Piotroski F-Score?

Soon Lian Holdings SGX:5MD 41 Piotroski F-Score is 2 as of Jul. 29, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates SGX:5MD with a GF Score™ of 41/100 and a GF Value™ of S$0.25 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,501 Metals & Mining companies, Soon Lian Holdings ranks worse than 74.41% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Soon Lian Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

SGX:5MD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 2

During the past 13 years, the highest Piotroski F-Score of Soon Lian Holdings was 8. The lowest was 2. And the median was 6.

Soon Lian Holdings  (SGX:5MD) 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.


Soon Lian Holdings Piotroski F-Score Related Terms


Soon Lian Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Soon Lian Holdings'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.

Soon Lian Holdings Piotroski F-Score Chart

Soon Lian Holdings 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 7.00 6.00 5.00 8.00 2.00

Soon Lian Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 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 5.00 0.00 8.00 0.00 2.00

SGX:5MD vs AA, CENX, CSTM: Piotroski F-Score Comparison

For the Aluminum subindustry, Soon Lian Holdings'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.


Soon Lian Holdings Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Soon Lian Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Soon Lian Holdings's Piotroski F-Score falls into.


SGX:5MD
41GF Score
Soon Lian Holdings Ltd SGX:5MD
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 (Dec24) TTM:
Net Income was S$4.78 Mil.
Cash Flow from Operations was S$-2.00 Mil.
Revenue was S$78.02 Mil.
Gross Profit was S$11.87 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (73.095 + 83.996) / 2 = S$78.5455 Mil.
Total Assets at the begining of this year (Dec24) was S$73.10 Mil.
Long-Term Debt & Capital Lease Obligation was S$6.02 Mil.
Total Current Assets was S$70.31 Mil.
Total Current Liabilities was S$30.08 Mil.
Net Income was S$5.79 Mil.

Revenue was S$70.91 Mil.
Gross Profit was S$14.52 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (65.286 + 73.095) / 2 = S$69.1905 Mil.
Total Assets at the begining of last year (Dec23) was S$65.29 Mil.
Long-Term Debt & Capital Lease Obligation was S$4.79 Mil.
Total Current Assets was S$60.72 Mil.
Total Current Liabilities was S$24.83 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.

Soon Lian Holdings's current Net Income (TTM) was 4.78. ==> 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.

Soon Lian Holdings's current Cash Flow from Operations (TTM) was -2.00. ==> Negative ==> Score 0.

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 (Dec24)
=4.781/73.095
=0.06540803

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5.791/65.286
=0.08870202

Soon Lian Holdings's return on assets of this year was 0.06540803. Soon Lian Holdings's return on assets of last year was 0.08870202. ==> 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.

Soon Lian Holdings's current Net Income (TTM) was 4.78. Soon Lian Holdings's current Cash Flow from Operations (TTM) was -2.00. ==> -2.00 <= 4.78 ==> CFROA <= ROA ==> Score 0.

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 Dec24 to Dec25
=6.022/78.5455
=0.07666894

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4.791/69.1905
=0.06924361

Soon Lian Holdings's gearing of this year was 0.07666894. Soon Lian Holdings's gearing of last year was 0.06924361. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=70.311/30.075
=2.33785536

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=60.716/24.828
=2.4454648

Soon Lian Holdings's current ratio of this year was 2.33785536. Soon Lian Holdings's current ratio of last year was 2.4454648. ==> 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.

Soon Lian Holdings's number of shares in issue this year was 108. Soon Lian Holdings's number of shares in issue last year was 108. ==> 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
=11.871/78.016
=0.1521611

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14.517/70.911
=0.20472141

Soon Lian Holdings's gross margin of this year was 0.1521611. Soon Lian Holdings's gross margin of last year was 0.20472141. ==> 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 (Dec24)
=78.016/73.095
=1.06732335

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=70.911/65.286
=1.08615936

Soon Lian Holdings's asset turnover of this year was 1.06732335. Soon Lian Holdings's asset turnover of last year was 1.08615936. ==> 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+0+0+0+0+0+1+0+0
=2

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

Soon Lian Holdings has an F-score of 2. 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 2 mean?
Soon Lian Holdings (SGX:5MD) has a Piotroski F-Score of 2 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Soon Lian Holdings and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Soon Lian Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Soon Lian Holdings ranks #1861 out of 2501 companies in the Metals & Mining industry, placing it in the top 74.4%.
Is Soon Lian Holdings' Piotroski F-Score too high?
Soon Lian Holdings' current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Soon Lian Holdings' value of 2 is 33.3% below this industry median. Based on the distribution chart, Soon Lian Holdings ranks #1861 out of 2501 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Soon Lian Holdings has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Soon Lian Holdings' Piotroski F-Score compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Soon Lian Holdings ranks #1861 out of 2501 companies for Piotroski F-Score. This places Soon Lian Holdings in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Soon Lian Holdings' value of 2 is 33.3% below this benchmark. Historically, Soon Lian Holdings' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Soon Lian Holdings 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,501 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. Soon Lian Holdings's current Piotroski F-Score of 2 is 33.3% 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 Soon Lian Holdings and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soon Lian Holdings's current Piotroski F-Score is 2, which is 67% 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 Soon Lian Holdings stock overvalued right now?
Based on GuruFocus' analysis, Soon Lian Holdings (SGX:5MD) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.25, compared to a current price of S$0.20 — trading 20% below its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 33.3% below the Metals & Mining industry median of 3.00. Soon Lian Holdings' overall GF Score™ is 41/100 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 Soon Lian Holdings (SGX:5MD), the current Piotroski F-Score is 2 as of Jul. 29, 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 Soon Lian Holdings (SGX:5MD) Overvalued in 2026?

Based on GuruFocus' analysis, Soon Lian Holdings stock appears to be undervalued. The current stock price of S$0.20 is trading 20% below its estimated GF Value™ of S$0.25. GuruFocus considers Soon Lian Holdings to be Modestly Undervalued.

Key valuation signals for SGX:5MD:

  • Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
  • GF Value™: S$0.25 vs. price of S$0.20 (20% below fair value)
  • GF Score™: 41/100 with 3 warning signs
  • Industry Position: 33.3% below the Metals & Mining median (#1861 of 2501)

No single metric tells the full story. See the SGX:5MD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Soon Lian Holdings Business Description

Address 6 Tuas Lane, Singapore, SGP, 638615
Soon Lian Holdings Ltd is principally an investment holding company. Through its subsidiaries, it is engaged in the business of trading of aluminium alloy materials. The company's business segments include precision engineering, marine, stockists and traders and other customers. The majority of revenue is derived from the Precision engineering segment, which includes precision parts for electronic equipment, precision instruments, medical instrumentation, semiconductor equipment, automated assembly lines, pharmaceutical machinery and robotics. Geographically, the maximum revenue is generated from Singapore, followed by Malaysia, China, Taiwan, Indonesia and other countries.
41GF Score

Get the complete analysis for SGX:5MD

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

S$0.20
Price
S$0.25
GF Value