CNMC Goldmine Holdings (SGX:5TP) Piotroski F-Score: 7 (As of Jun. 29, 2026) — 17% Above Median


SGX:5TP CNMC Goldmine Holdings Ltd SGX:5TP
59 GF Score
Price S$1.12
GF Value S$0.71
Valuation Significantly Overvalued
! 1 Warning Sign
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What is CNMC Goldmine Holdings Piotroski F-Score?

CNMC Goldmine Holdings SGX:5TP +0.90% 59 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SGX:5TP with a GF Score™ of 59/100 and a GF Value™ of S$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,508 Metals & Mining companies, CNMC Goldmine Holdings ranks better than 95.49% 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

CNMC Goldmine Holdings 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 CNMC Goldmine Holdings's Piotroski F-Score or its related term are showing as below:

SGX:5TP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of CNMC Goldmine Holdings was 8. The lowest was 4. And the median was 6.

CNMC Goldmine Holdings  (SGX:5TP) 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.


CNMC Goldmine Holdings Piotroski F-Score Related Terms


CNMC Goldmine Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CNMC Goldmine 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.

CNMC Goldmine Holdings Piotroski F-Score Chart

CNMC Goldmine 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 4.00 6.00 8.00 7.00

CNMC Goldmine 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 6.00 0.00 8.00 0.00 7.00

SGX:5TP vs NEM, AU, RGLD: Piotroski F-Score Comparison

For the Gold subindustry, CNMC Goldmine 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.


CNMC Goldmine Holdings Piotroski F-Score vs Metals & Mining Industry

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

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


SGX:5TP
59GF Score
CNMC Goldmine Holdings Ltd SGX:5TP
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$54.2 Mil.
Cash Flow from Operations was S$76.7 Mil.
Revenue was S$165.7 Mil.
Gross Profit was S$145.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (98.147 + 157.238) / 2 = S$127.6925 Mil.
Total Assets at the begining of this year (Dec24) was S$98.1 Mil.
Long-Term Debt & Capital Lease Obligation was S$1.6 Mil.
Total Current Assets was S$103.3 Mil.
Total Current Liabilities was S$31.6 Mil.
Net Income was S$13.3 Mil.

Revenue was S$88.0 Mil.
Gross Profit was S$78.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (79.584 + 98.147) / 2 = S$88.8655 Mil.
Total Assets at the begining of last year (Dec23) was S$79.6 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.2 Mil.
Total Current Assets was S$42.8 Mil.
Total Current Liabilities was S$21.3 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.

CNMC Goldmine Holdings's current Net Income (TTM) was 54.2. ==> 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.

CNMC Goldmine Holdings's current Cash Flow from Operations (TTM) was 76.7. ==> 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 (Dec24)
=54.209/98.147
=0.55232457

ROA (Last Year)=Net Income/Total Assets (Dec23)
=13.297/79.584
=0.16708132

CNMC Goldmine Holdings's return on assets of this year was 0.55232457. CNMC Goldmine Holdings's return on assets of last year was 0.16708132. ==> This year is higher. ==> Score 1.

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.

CNMC Goldmine Holdings's current Net Income (TTM) was 54.2. CNMC Goldmine Holdings's current Cash Flow from Operations (TTM) was 76.7. ==> 76.7 > 54.2 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1.585/127.6925
=0.01241263

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.235/88.8655
=0.00264445

CNMC Goldmine Holdings's gearing of this year was 0.01241263. CNMC Goldmine Holdings's gearing of last year was 0.00264445. ==> 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
=103.287/31.55
=3.27375594

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=42.763/21.334
=2.00445299

CNMC Goldmine Holdings's current ratio of this year was 3.27375594. CNMC Goldmine Holdings's current ratio of last year was 2.00445299. ==> 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.

CNMC Goldmine Holdings's number of shares in issue this year was 405.289. CNMC Goldmine Holdings's number of shares in issue last year was 405.289. ==> 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
=145.621/165.692
=0.87886561

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=78.229/88.046
=0.88850147

CNMC Goldmine Holdings's gross margin of this year was 0.87886561. CNMC Goldmine Holdings's gross margin of last year was 0.88850147. ==> 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)
=165.692/98.147
=1.68820239

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=88.046/79.584
=1.10632791

CNMC Goldmine Holdings's asset turnover of this year was 1.68820239. CNMC Goldmine Holdings's asset turnover of last year was 1.10632791. ==> 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
=1+1+1+1+0+1+1+0+1
=7

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

CNMC Goldmine Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
CNMC Goldmine Holdings (SGX:5TP) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CNMC Goldmine Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, CNMC Goldmine Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, CNMC Goldmine Holdings ranks #113 out of 2508 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is CNMC Goldmine Holdings' Piotroski F-Score too high?
CNMC Goldmine Holdings' 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 4.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. CNMC Goldmine Holdings' value of 7 is 133.3% above this industry median. Based on the distribution chart, CNMC Goldmine Holdings ranks #113 out of 2508 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, CNMC Goldmine Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CNMC Goldmine Holdings' Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, CNMC Goldmine Holdings ranks #113 out of 2508 companies for Piotroski F-Score. This places CNMC Goldmine Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. CNMC Goldmine Holdings' value of 7 is 133.3% above this benchmark. Historically, CNMC Goldmine Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, CNMC Goldmine Holdings 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,508 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. CNMC Goldmine Holdings's current Piotroski F-Score of 7 is 133.3% 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 CNMC Goldmine 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. CNMC Goldmine Holdings'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 CNMC Goldmine Holdings stock overvalued right now?
Based on GuruFocus' analysis, CNMC Goldmine Holdings (SGX:5TP) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.71, compared to a current price of S$1.12 — trading 57.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 133.3% above the Metals & Mining industry median of 3.00. CNMC Goldmine Holdings' overall GF Score™ is 59/100 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 CNMC Goldmine Holdings (SGX:5TP), the current Piotroski F-Score is 7 as of Jun. 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 CNMC Goldmine Holdings (SGX:5TP) Overvalued in 2026?

Based on GuruFocus' analysis, CNMC Goldmine Holdings stock appears to be overvalued. The current stock price of S$1.12 is trading 57.7% above its estimated GF Value™ of S$0.71. GuruFocus considers CNMC Goldmine Holdings to be Significantly Overvalued.

Key valuation signals for SGX:5TP:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: S$0.71 vs. price of S$1.12 (57.7% above fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 133.3% above the Metals & Mining median (#113 of 2508)

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


CNMC Goldmine Holdings Business Description

Address 47 Scotts Road, No. 03-03 Goldbell Towers, Singapore, SGP, 228233
CNMC Goldmine Holdings Ltd is a Singapore-based investment holding and gold producer company. The company's operating segments are: Mining, which includes Exploration, development, mining, and marketing of gold, lead, and zinc concentrates; and Other operations include investment holding companies and the provision of corporate services. It derives maximum revenue from the Mining Segment. The group focuses on the Sokor Gold Field project located in Malaysia.
59GF Score

Get the complete analysis for SGX:5TP

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

S$1.12
Price
S$0.71
GF Value