Shanghai Kaichuang Marine International Co (SHSE:600097) 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.
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.
Shanghai Kaichuang Marine International Co Piotroski F-Score Related Terms
Shanghai Kaichuang Marine International Co 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.
Shanghai Kaichuang Marine International Co Piotroski F-Score Chart
Shanghai Kaichuang Marine International Co Annual Data
SHSE:600097 vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, Shanghai Kaichuang Marine International Co'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.
Shanghai Kaichuang Marine International Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Shanghai Kaichuang Marine International Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Shanghai Kaichuang Marine International Co'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.
Shanghai Kaichuang Marine International Co's current Net Income (TTM) was 26.
==> 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.
Shanghai Kaichuang Marine International Co's current Cash Flow from Operations (TTM) was 37.
==> 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.
Shanghai Kaichuang Marine International Co's return on assets of this year was 0.0078376. Shanghai Kaichuang Marine International Co's return on assets of last year was 0.01995026.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Shanghai Kaichuang Marine International Co's gearing of this year was 0.07976557. Shanghai Kaichuang Marine International Co's gearing of last year was 0.12279109.
==> 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
Shanghai Kaichuang Marine International Co's current ratio of this year was 2.20969154. Shanghai Kaichuang Marine International Co's current ratio of last year was 2.8310779.
==> 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.
Shanghai Kaichuang Marine International Co's number of shares in issue this year was 234.457. Shanghai Kaichuang Marine International Co's number of shares in issue last year was 258.382.
==> 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.
Shanghai Kaichuang Marine International Co's gross margin of this year was 0.27460545. Shanghai Kaichuang Marine International Co's gross margin of last year was 0.30018229.
==> 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
Shanghai Kaichuang Marine International Co's asset turnover of this year was 0.68453672. Shanghai Kaichuang Marine International Co's asset turnover of last year was 0.70281475.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shanghai Kaichuang Marine International Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Shanghai Kaichuang Marine International Co (SHSE:600097) has a Piotroski F-Score of 5 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shanghai Kaichuang Marine International Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Shanghai Kaichuang Marine International Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Shanghai Kaichuang Marine International Co ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 48%.
Is Shanghai Kaichuang Marine International Co's Piotroski F-Score too high?
Shanghai Kaichuang Marine International Co'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 2.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Shanghai Kaichuang Marine International Co's value of 5 is 0% at this industry median. Based on the distribution chart, Shanghai Kaichuang Marine International Co ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shanghai Kaichuang Marine International Co has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Kaichuang Marine International Co's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Shanghai Kaichuang Marine International Co ranks #918 out of 1913 companies for Piotroski F-Score. This puts Shanghai Kaichuang Marine International Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Shanghai Kaichuang Marine International Co's value of 5 is 0% at this benchmark. Historically, Shanghai Kaichuang Marine International Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Shanghai Kaichuang Marine International Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,913 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. Shanghai Kaichuang Marine International Co'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 Shanghai Kaichuang Marine International Co and its competitors. For the Consumer Packaged Goods 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. Shanghai Kaichuang Marine International Co'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 Shanghai Kaichuang Marine International Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Kaichuang Marine International Co (SHSE:600097) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.90, compared to a current price of ¥8.21 — trading 24.7% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Shanghai Kaichuang Marine International Co's overall GF Score™ is 54/100 with 6 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 Shanghai Kaichuang Marine International Co (SHSE:600097), the current Piotroski F-Score is 5 as of Jul. 05, 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 Shanghai Kaichuang Marine International Co (SHSE:600097) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Kaichuang Marine International Co stock appears to be undervalued.
The current stock price of ¥8.21 is trading 24.7% below its estimated GF Value™ of ¥10.90.
GuruFocus considers Shanghai Kaichuang Marine International Co to be Modestly Undervalued.
Key valuation signals for SHSE:600097:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: ¥10.90 vs. price of ¥8.21 (24.7% below fair value)
Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1913)
No single metric tells the full story. See the SHSE:600097 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Kaichuang Marine International Co Business Description
Shanghai Kaichuang Marine International Co Ltd engages in offshore fishing business in China and internationally. It also processes and sells aquatic products. The company's fleet includes ocean trawl ships and tuna purse seine fishing vessels.
54GF Score
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