Eneco Energy (SGX:R14) Piotroski F-Score: 5 (As of Jul. 07, 2026) — Near Median


What is Eneco Energy Piotroski F-Score?

Eneco Energy SGX:R14 +12.50% Piotroski F-Score is 5 as of Jul. 07, 2026, which is at its 10-year median of 5.00. The stock has 4 warning signs investors should review. Among 978 Transportation companies, Eneco Energy ranks worse than 52.56% 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

Eneco Energy 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 Eneco Energy's Piotroski F-Score or its related term are showing as below:

SGX:R14' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Eneco Energy was 8. The lowest was 1. And the median was 5.

Eneco Energy  (SGX:R14) 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.


Eneco Energy Piotroski F-Score Related Terms


Eneco Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Eneco Energy'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.

Eneco Energy Piotroski F-Score Chart

Eneco Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 6.00 7.00 5.00

Eneco Energy Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 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 5.00 3.00 3.00 0.00

SGX:R14 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, Eneco Energy'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.


Eneco Energy Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Eneco Energy's Piotroski F-Score distribution charts can be found below:

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


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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was S$0.08 Mil.
Cash Flow from Operations was S$4.69 Mil.
Revenue was S$30.56 Mil.
Gross Profit was S$2.85 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (37.176 + 31.484) / 2 = S$34.33 Mil.
Total Assets at the begining of this year (Dec22) was S$37.18 Mil.
Long-Term Debt & Capital Lease Obligation was S$3.67 Mil.
Total Current Assets was S$23.22 Mil.
Total Current Liabilities was S$7.17 Mil.
Net Income was S$2.09 Mil.

Revenue was S$32.02 Mil.
Gross Profit was S$2.53 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (30.593 + 37.176) / 2 = S$33.8845 Mil.
Total Assets at the begining of last year (Dec21) was S$30.59 Mil.
Long-Term Debt & Capital Lease Obligation was S$1.25 Mil.
Total Current Assets was S$29.62 Mil.
Total Current Liabilities was S$15.32 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.

Eneco Energy's current Net Income (TTM) was 0.08. ==> 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.

Eneco Energy's current Cash Flow from Operations (TTM) was 4.69. ==> 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 (Dec22)
=0.083/37.176
=0.00223262

ROA (Last Year)=Net Income/Total Assets (Dec21)
=2.09/30.593
=0.06831628

Eneco Energy's return on assets of this year was 0.00223262. Eneco Energy's return on assets of last year was 0.06831628. ==> 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.

Eneco Energy's current Net Income (TTM) was 0.08. Eneco Energy's current Cash Flow from Operations (TTM) was 4.69. ==> 4.69 > 0.08 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=3.673/34.33
=0.10699097

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1.252/33.8845
=0.03694905

Eneco Energy's gearing of this year was 0.10699097. Eneco Energy's gearing of last year was 0.03694905. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=23.224/7.166
=3.24085961

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=29.616/15.317
=1.9335379

Eneco Energy's current ratio of this year was 3.24085961. Eneco Energy's current ratio of last year was 1.9335379. ==> 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.

Eneco Energy's number of shares in issue this year was 2310.399. Eneco Energy's number of shares in issue last year was 1772.515. ==> 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
=2.85/30.563
=0.09325001

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.526/32.019
=0.07889066

Eneco Energy's gross margin of this year was 0.09325001. Eneco Energy's gross margin of last year was 0.07889066. ==> 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 (Dec22)
=30.563/37.176
=0.82211642

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=32.019/30.593
=1.04661197

Eneco Energy's asset turnover of this year was 0.82211642. Eneco Energy's asset turnover of last year was 1.04661197. ==> 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+0+1+0
=5

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

Eneco Energy 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?
Eneco Energy (SGX:R14) has a Piotroski F-Score of 5 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eneco Energy and its competitors. This is near median its historical median of 5.00. Over the past decade, Eneco Energy's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Eneco Energy ranks #514 out of 978 companies in the Transportation industry, placing it in the top 52.6%.
Is Eneco Energy's Piotroski F-Score too high?
Eneco Energy's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Eneco Energy's value of 5 is 16.7% below this industry median. Based on the distribution chart, Eneco Energy ranks #514 out of 978 companies in the Transportation industry, which is below the industry midpoint.
How does Eneco Energy's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Eneco Energy ranks #514 out of 978 companies for Piotroski F-Score. This places Eneco Energy in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Eneco Energy's value of 5 is 16.7% below this benchmark. Historically, Eneco Energy'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 5.00 vs. the industry median of 6.00, Eneco Energy 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Eneco Energy's current Piotroski F-Score of 5 is 16.7% 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 Eneco Energy and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eneco Energy's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eneco Energy stock overvalued right now?
Eneco Energy (SGX:R14) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Transportation industry median of 6.00. 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 Eneco Energy (SGX:R14), the current Piotroski F-Score is 5 as of Jul. 07, 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.

Eneco Energy Business Description

Address 300 Tampines Avenue 5, No. 05-02, Singapore, SGP, 529653
Eneco Energy Ltd is an investment holding company. It operates in the following segments: logistics (Singapore), and corporate. The majority of its revenue is derived from the Logistics segment, which comprises transportation management and air cargo terminal handling services. The company's geographical segments are Singapore which generates key revenue, and Indonesia.