SUTL Enterprise (SGX:BHU) Piotroski F-Score: 6 (As of Aug. 20, 2026) — Near Median

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SGX:BHU SUTL Enterprise Ltd SGX:BHU
48 GF Score
Price S$0.85
GF Value S$0.70
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is SUTL Enterprise Piotroski F-Score?

SUTL Enterprise SGX:BHU -0.59% 48 Piotroski F-Score is 6 as of Aug. 20, 2026, which is at its 10-year median of 6.00. GuruFocus rates SGX:BHU with a GF Score™ of 48/100 and a GF Value™ of S$0.70 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 834 Travel & Leisure companies, SUTL Enterprise ranks better than 72.78% 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

SUTL Enterprise has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

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

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

SUTL Enterprise  (SGX:BHU) 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.


SUTL Enterprise Piotroski F-Score Related Terms


SUTL Enterprise Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SUTL Enterprise'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.

SUTL Enterprise Piotroski F-Score Chart

SUTL Enterprise 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 7.00 7.00 5.00 6.00

SUTL Enterprise Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 6.00 0.00

SGX:BHU vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, SUTL Enterprise'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.


SUTL Enterprise Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SUTL Enterprise's Piotroski F-Score distribution charts can be found below:

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


SGX:BHU
48GF Score
SUTL Enterprise Ltd SGX:BHU
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$8.36 Mil.
Cash Flow from Operations was S$8.77 Mil.
Revenue was S$39.91 Mil.
Gross Profit was S$33.93 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (125.382 + 125.661) / 2 = S$125.5215 Mil.
Total Assets at the begining of this year (Dec24) was S$125.38 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.00 Mil.
Total Current Assets was S$74.45 Mil.
Total Current Liabilities was S$20.85 Mil.
Net Income was S$8.53 Mil.

Revenue was S$39.62 Mil.
Gross Profit was S$33.47 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (127.038 + 125.382) / 2 = S$126.21 Mil.
Total Assets at the begining of last year (Dec23) was S$127.04 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.00 Mil.
Total Current Assets was S$71.39 Mil.
Total Current Liabilities was S$19.98 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.

SUTL Enterprise's current Net Income (TTM) was 8.36. ==> 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.

SUTL Enterprise's current Cash Flow from Operations (TTM) was 8.77. ==> 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)
=8.364/125.382
=0.06670814

ROA (Last Year)=Net Income/Total Assets (Dec23)
=8.525/127.038
=0.06710591

SUTL Enterprise's return on assets of this year was 0.06670814. SUTL Enterprise's return on assets of last year was 0.06710591. ==> 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.

SUTL Enterprise's current Net Income (TTM) was 8.36. SUTL Enterprise's current Cash Flow from Operations (TTM) was 8.77. ==> 8.77 > 8.36 ==> 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
=0/125.5215
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/126.21
=0

SUTL Enterprise's gearing of this year was 0. SUTL Enterprise's gearing of last year was 0. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=74.451/20.852
=3.57044888

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=71.394/19.979
=3.57345212

SUTL Enterprise's current ratio of this year was 3.57044888. SUTL Enterprise's current ratio of last year was 3.57345212. ==> 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.

SUTL Enterprise's number of shares in issue this year was 89.267. SUTL Enterprise's number of shares in issue last year was 88.564. ==> 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
=33.931/39.907
=0.85025184

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=33.465/39.62
=0.84464917

SUTL Enterprise's gross margin of this year was 0.85025184. SUTL Enterprise's gross margin of last year was 0.84464917. ==> 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 (Dec24)
=39.907/125.382
=0.31828333

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=39.62/127.038
=0.31187519

SUTL Enterprise's asset turnover of this year was 0.31828333. SUTL Enterprise's asset turnover of last year was 0.31187519. ==> 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+0+1+1+0+0+1+1
=6

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

SUTL Enterprise has an F-score of 6 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 6 mean?
SUTL Enterprise (SGX:BHU) has a Piotroski F-Score of 6 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SUTL Enterprise and its competitors. This is near median its historical median of 6.00. Over the past decade, SUTL Enterprise's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, SUTL Enterprise ranks #227 out of 834 companies in the Travel & Leisure industry, placing it in the top 27.2%.
Is SUTL Enterprise's Piotroski F-Score too high?
SUTL Enterprise's current Piotroski F-Score of 6 is near 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 Travel & Leisure industry median Piotroski F-Score is 5.00. SUTL Enterprise's value of 6 is 20% above this industry median. Based on the distribution chart, SUTL Enterprise ranks #227 out of 834 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, SUTL Enterprise has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SUTL Enterprise's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, SUTL Enterprise ranks #227 out of 834 companies for Piotroski F-Score. This puts SUTL Enterprise in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SUTL Enterprise's value of 6 is 20% above this benchmark. Historically, SUTL Enterprise's 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 5.00, SUTL Enterprise 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 834 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. SUTL Enterprise's current Piotroski F-Score of 6 is 20% 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 SUTL Enterprise and its competitors. For the Travel & Leisure 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. SUTL Enterprise's current Piotroski F-Score is 6, which is near 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 SUTL Enterprise stock overvalued right now?
Based on GuruFocus' analysis, SUTL Enterprise (SGX:BHU) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.70, compared to a current price of S$0.85 — trading 20.7% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Travel & Leisure industry median of 5.00. SUTL Enterprise's overall GF Score™ is 48/100 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 SUTL Enterprise (SGX:BHU), the current Piotroski F-Score is 6 as of Aug. 20, 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 SUTL Enterprise (SGX:BHU) Overvalued in 2026?

Based on GuruFocus' analysis, SUTL Enterprise stock appears to be overvalued. The current stock price of S$0.85 is trading 20.7% above its estimated GF Value™ of S$0.70. GuruFocus considers SUTL Enterprise to be Modestly Overvalued.

Key valuation signals for SGX:BHU:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: S$0.70 vs. price of S$0.85 (20.7% above fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 20% above the Travel & Leisure median (#227 of 834)

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


SUTL Enterprise Business Description

Address 100J Pasir Panjang Road, SUTL House, Number 05-00, Singapore, SGP, 118525
SUTL Enterprise Ltd develops infrastructure for integrated marinas and also provides consultancy services for marina projects. It operates its own marinas under its proprietary ONE 15 brand, as well as those of third parties under management contracts. The company's source of revenue includes the sale of goods and services, and Membership and management fees. Geographically, the group is active in Singapore and Malaysia and derives key revenue from Singapore.
48GF Score

Get the complete analysis for SGX:BHU

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

S$0.85
Price
S$0.70
GF Value