Cangzhou Dahua Co (SHSE:600230) Piotroski F-Score: 7 (As of Jul. 20, 2026) — 17% Above Median

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SHSE:600230 Cangzhou Dahua Co Ltd SHSE:600230
72 GF Score
Price ¥12.02
GF Value ¥10.02
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Cangzhou Dahua Co Piotroski F-Score?

Cangzhou Dahua Co SHSE:600230 -1.48% 72 Piotroski F-Score is 7 as of Jul. 20, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SHSE:600230 with a GF Score™ of 72/100 and a GF Value™ of ¥10.02 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 251 Agriculture companies, Cangzhou Dahua Co ranks better than 90.04% 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

Cangzhou Dahua Co 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 Cangzhou Dahua Co's Piotroski F-Score or its related term are showing as below:

SHSE:600230' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Cangzhou Dahua Co was 9. The lowest was 1. And the median was 6.

Cangzhou Dahua Co  (SHSE:600230) 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.


Cangzhou Dahua Co Piotroski F-Score Related Terms


Cangzhou Dahua Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cangzhou Dahua Co'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.

Cangzhou Dahua Co Piotroski F-Score Chart

Cangzhou Dahua Co 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 5.00 7.00 5.00 7.00 6.00

Cangzhou Dahua Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.00 6.00 7.00

SHSE:600230 vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, Cangzhou Dahua 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.


Cangzhou Dahua Co Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Cangzhou Dahua Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cangzhou Dahua Co's Piotroski F-Score falls into.


SHSE:600230
72GF Score
Cangzhou Dahua Co Ltd SHSE:600230
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 15.268 + 24.237 + -16.77 + 57.826 = ¥81 Mil.
Cash Flow from Operations was 188.734 + 80.131 + -47.874 + 35.209 = ¥256 Mil.
Revenue was 1192.18 + 1116.114 + 1202.398 + 1048.585 = ¥4,559 Mil.
Gross Profit was 68.362 + 112.588 + 79.851 + 126.699 = ¥388 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5956.548 + 5991.764 + 6035.137 + 5896.632 + 5944.439) / 5 = ¥5964.904 Mil.
Total Assets at the begining of this year (Mar25) was ¥5,957 Mil.
Long-Term Debt & Capital Lease Obligation was ¥69 Mil.
Total Current Assets was ¥1,120 Mil.
Total Current Liabilities was ¥1,419 Mil.
Net Income was 8.857 + -7.907 + 6.503 + 8.118 = ¥16 Mil.

Revenue was 1308.604 + 1205.414 + 1312.427 + 1052.588 = ¥4,879 Mil.
Gross Profit was 97.943 + 57.953 + 58.787 + 78.724 = ¥293 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6405.885 + 6205.126 + 5937.107 + 5970.324 + 5956.548) / 5 = ¥6094.998 Mil.
Total Assets at the begining of last year (Mar24) was ¥6,406 Mil.
Long-Term Debt & Capital Lease Obligation was ¥57 Mil.
Total Current Assets was ¥1,131 Mil.
Total Current Liabilities was ¥1,519 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.

Cangzhou Dahua Co's current Net Income (TTM) was 81. ==> 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.

Cangzhou Dahua Co's current Cash Flow from Operations (TTM) was 256. ==> 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 (Mar25)
=80.561/5956.548
=0.01352478

ROA (Last Year)=Net Income/Total Assets (Mar24)
=15.571/6405.885
=0.00243073

Cangzhou Dahua Co's return on assets of this year was 0.01352478. Cangzhou Dahua Co's return on assets of last year was 0.00243073. ==> 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.

Cangzhou Dahua Co's current Net Income (TTM) was 81. Cangzhou Dahua Co's current Cash Flow from Operations (TTM) was 256. ==> 256 > 81 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=69.178/5964.904
=0.0115975

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=57/6094.998
=0.00935193

Cangzhou Dahua Co's gearing of this year was 0.0115975. Cangzhou Dahua Co's gearing of last year was 0.00935193. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1120.302/1418.765
=0.78963183

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1130.539/1518.522
=0.74449959

Cangzhou Dahua Co's current ratio of this year was 0.78963183. Cangzhou Dahua Co's current ratio of last year was 0.74449959. ==> 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.

Cangzhou Dahua Co's number of shares in issue this year was 413.044. Cangzhou Dahua Co's number of shares in issue last year was 405.913. ==> 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
=387.5/4559.277
=0.08499155

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=293.407/4879.033
=0.0601363

Cangzhou Dahua Co's gross margin of this year was 0.08499155. Cangzhou Dahua Co's gross margin of last year was 0.0601363. ==> 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 (Mar25)
=4559.277/5956.548
=0.76542269

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4879.033/6405.885
=0.76164855

Cangzhou Dahua Co's asset turnover of this year was 0.76542269. Cangzhou Dahua Co's asset turnover of last year was 0.76164855. ==> 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+0+1+1
=7

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

Cangzhou Dahua Co 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?
Cangzhou Dahua Co (SHSE:600230) has a Piotroski F-Score of 7 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cangzhou Dahua Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Cangzhou Dahua Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Cangzhou Dahua Co ranks #25 out of 251 companies in the Agriculture industry, placing it in the top 10%.
Is Cangzhou Dahua Co's Piotroski F-Score too high?
Cangzhou Dahua Co's 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 1.00 to a high of 9.00. The Agriculture industry median Piotroski F-Score is 5.00. Cangzhou Dahua Co's value of 7 is 40% above this industry median. Based on the distribution chart, Cangzhou Dahua Co ranks #25 out of 251 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Cangzhou Dahua Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cangzhou Dahua Co's Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Cangzhou Dahua Co ranks #25 out of 251 companies for Piotroski F-Score. This places Cangzhou Dahua Co in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cangzhou Dahua Co's value of 7 is 40% above this benchmark. Historically, Cangzhou Dahua Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cangzhou Dahua Co 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 an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 251 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. Cangzhou Dahua Co's current Piotroski F-Score of 7 is 40% 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 Cangzhou Dahua Co and its competitors. For the Agriculture 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. Cangzhou Dahua Co'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 Cangzhou Dahua Co stock overvalued right now?
Based on GuruFocus' analysis, Cangzhou Dahua Co (SHSE:600230) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.02, compared to a current price of ¥12.02 — trading 20% 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 40% above the Agriculture industry median of 5.00. Cangzhou Dahua Co's overall GF Score™ is 72/100 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 Cangzhou Dahua Co (SHSE:600230), the current Piotroski F-Score is 7 as of Jul. 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 Cangzhou Dahua Co (SHSE:600230) Overvalued in 2026?

Based on GuruFocus' analysis, Cangzhou Dahua Co stock appears to be overvalued. The current stock price of ¥12.02 is trading 20% above its estimated GF Value™ of ¥10.02. GuruFocus considers Cangzhou Dahua Co to be Modestly Overvalued.

Key valuation signals for SHSE:600230:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ¥10.02 vs. price of ¥12.02 (20% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 40% above the Agriculture median (#25 of 251)

No single metric tells the full story. See the SHSE:600230 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cangzhou Dahua Co Business Description

Address No. 66 Beihuan Middle Road, Cangzhou, Hebei, CHN, 061000
Cangzhou Dahua Co Ltd is engaged in the manufacture and distribution of fertilizers in China.
72GF Score

Get the complete analysis for SHSE:600230

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

¥12.02
Price
¥10.02
GF Value