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Southern Alliance MiningSGX:QNS 46 Piotroski F-Score is 5 as of Jul. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates SGX:QNS with a GF Score™ of 46/100 and a GF Value™ of S$0.84 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 622 Steel companies, Southern Alliance Mining ranks better than 55.47% 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
Southern Alliance Mining 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 Southern Alliance Mining's Piotroski F-Score or its related term are showing as below:
SGX:QNS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 8
Current: 5
During the past 9 years, the highest Piotroski F-Score of Southern Alliance Mining was 8. The lowest was 1. And the median was 6.
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.
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.
Southern Alliance Mining Piotroski F-Score Related Terms
Southern Alliance Mining Piotroski F-Score Historical Data
* 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.
SGX:QNS vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Southern Alliance Mining'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.
Southern Alliance Mining Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Southern Alliance Mining's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Southern Alliance Mining's Piotroski F-Score falls into.
* 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.
*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.
Southern Alliance Mining's current Net Income (TTM) was -8.27.
==> Negative ==> Score 0.
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.
Southern Alliance Mining's current Cash Flow from Operations (TTM) was 1.34.
==> 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.
Southern Alliance Mining's return on assets of this year was -0.07438939. Southern Alliance Mining's return on assets of last year was -0.01149135.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Southern Alliance Mining's gearing of this year was 0.00437196. Southern Alliance Mining's gearing of last year was 0.02965079.
==> 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
Southern Alliance Mining's current ratio of this year was 3.94094372. Southern Alliance Mining's current ratio of last year was 7.8930919.
==> 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.
Southern Alliance Mining's number of shares in issue this year was 488.759. Southern Alliance Mining's number of shares in issue last year was 488.759.
==> 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.
Southern Alliance Mining's gross margin of this year was 0.0155207. Southern Alliance Mining's gross margin of last year was 0.05476639.
==> 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
Southern Alliance Mining's asset turnover of this year was 0.54330532. Southern Alliance Mining's asset turnover of last year was 0.43051973.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Southern Alliance Mining has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Southern Alliance Mining (SGX:QNS) has a Piotroski F-Score of 5 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Southern Alliance Mining and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Southern Alliance Mining's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Southern Alliance Mining ranks #277 out of 622 companies in the Steel industry, placing it in the top 44.5%.
Is Southern Alliance Mining's Piotroski F-Score too high?
Southern Alliance Mining'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 1.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Southern Alliance Mining's value of 5 is 0% at this industry median. Based on the distribution chart, Southern Alliance Mining ranks #277 out of 622 companies in the Steel industry, which is above the industry midpoint. Overall, Southern Alliance Mining has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Southern Alliance Mining's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Southern Alliance Mining ranks #277 out of 622 companies for Piotroski F-Score. This puts Southern Alliance Mining in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Southern Alliance Mining's value of 5 is 0% at this benchmark. Historically, Southern Alliance Mining's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Southern Alliance Mining 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 622 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. Southern Alliance Mining'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 Southern Alliance Mining and its competitors. For the Steel 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. Southern Alliance Mining'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 Southern Alliance Mining stock overvalued right now?
Based on GuruFocus' analysis, Southern Alliance Mining (SGX:QNS) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.84, compared to a current price of S$0.41 — trading 51.8% below 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 Steel industry median of 5.00. Southern Alliance Mining's overall GF Score™ is 46/100 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 Southern Alliance Mining (SGX:QNS), the current Piotroski F-Score is 5 as of Jul. 25, 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 Southern Alliance Mining (SGX:QNS) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Alliance Mining stock appears to be undervalued.
The current stock price of S$0.41 is trading 51.8% below its estimated GF Value™ of S$0.84.
GuruFocus considers Southern Alliance Mining to be Possible Value Trap.
Key valuation signals for SGX:QNS:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: S$0.84 vs. price of S$0.41 (51.8% below fair value)
Industry Position: 0% at the Steel median (#277 of 622)
No single metric tells the full story. See the SGX:QNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Alliance Mining Ltd is engaged in the exploration, mining, and processing of iron ore for subsequent sale. The principal activities of the company are those of investment holding and provision of management services. The company mines, produces, and sells iron ore, which includes processed iron ore concentrate typically sold to steel mills or traders, and crushed iron ore that is used as a pipe coating material. It mines at the Chaah mine, an open-pit mine located in the southwest of the township of Chaah.
46GF Score
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