Xingtong Shipping Co (SHSE:603209) Piotroski F-Score: 5 (As of Jul. 29, 2026) — Near Median

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SHSE:603209 Xingtong Shipping Co Ltd SHSE:603209
89 GF Score
Price ¥13.13
GF Value ¥17.00
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Xingtong Shipping Co Piotroski F-Score?

Xingtong Shipping Co SHSE:603209 +2.82% 89 Piotroski F-Score is 5 as of Jul. 29, 2026, which is at its 10-year median of 5.00. GuruFocus rates SHSE:603209 with a GF Score™ of 89/100 and a GF Value™ of ¥17.00 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 978 Transportation companies, Xingtong Shipping Co ranks worse than 52.66% 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

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

SHSE:603209' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Xingtong Shipping Co was 7. The lowest was 4. And the median was 5.

Xingtong Shipping Co  (SHSE:603209) 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.


Xingtong Shipping Co Piotroski F-Score Related Terms


Xingtong Shipping Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xingtong Shipping 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.

Xingtong Shipping Co Piotroski F-Score Chart

Xingtong Shipping Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 4.00 6.00 5.00

Xingtong Shipping 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 4.00 4.00 5.00 5.00

Xingtong Shipping Co Piotroski F-Score Competitor Comparison

For the Marine Shipping subindustry, Xingtong Shipping 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.


Xingtong Shipping Co Piotroski F-Score vs Transportation Industry

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

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


SHSE:603209
89GF Score
Xingtong Shipping Co Ltd SHSE:603209
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 61.826 + 58.108 + 76.285 + 111.472 = ¥308 Mil.
Cash Flow from Operations was 157.519 + 159.025 + 115.248 + 173.697 = ¥605 Mil.
Revenue was 405.119 + 395.632 + 445.332 + 467.509 = ¥1,714 Mil.
Gross Profit was 108.641 + 103.036 + 133.988 + 136.369 = ¥482 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4660.475 + 5429.081 + 5618.84 + 5663.399 + 5985.315) / 5 = ¥5471.422 Mil.
Total Assets at the begining of this year (Mar25) was ¥4,660 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,077 Mil.
Total Current Assets was ¥1,370 Mil.
Total Current Liabilities was ¥1,051 Mil.
Net Income was 102.872 + 97.64 + 72.456 + 73.769 = ¥347 Mil.

Revenue was 386.5 + 390.053 + 352.595 + 382.34 = ¥1,511 Mil.
Gross Profit was 158.171 + 146.358 + 116.439 + 122.151 = ¥543 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3921.067 + 4153.289 + 4236.361 + 4360.442 + 4660.475) / 5 = ¥4266.3268 Mil.
Total Assets at the begining of last year (Mar24) was ¥3,921 Mil.
Long-Term Debt & Capital Lease Obligation was ¥935 Mil.
Total Current Assets was ¥773 Mil.
Total Current Liabilities was ¥794 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.

Xingtong Shipping Co's current Net Income (TTM) was 308. ==> 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.

Xingtong Shipping Co's current Cash Flow from Operations (TTM) was 605. ==> 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)
=307.691/4660.475
=0.06602138

ROA (Last Year)=Net Income/Total Assets (Mar24)
=346.737/3921.067
=0.08842925

Xingtong Shipping Co's return on assets of this year was 0.06602138. Xingtong Shipping Co's return on assets of last year was 0.08842925. ==> 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.

Xingtong Shipping Co's current Net Income (TTM) was 308. Xingtong Shipping Co's current Cash Flow from Operations (TTM) was 605. ==> 605 > 308 ==> 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
=1076.695/5471.422
=0.19678522

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=935.494/4266.3268
=0.21927387

Xingtong Shipping Co's gearing of this year was 0.19678522. Xingtong Shipping Co's gearing of last year was 0.21927387. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1370.391/1051.087
=1.30378456

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=773.476/793.87
=0.97431066

Xingtong Shipping Co's current ratio of this year was 1.30378456. Xingtong Shipping Co's current ratio of last year was 0.97431066. ==> 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.

Xingtong Shipping Co's number of shares in issue this year was 327.857. Xingtong Shipping Co's number of shares in issue last year was 283.728. ==> 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
=482.034/1713.592
=0.28130033

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=543.119/1511.488
=0.35932736

Xingtong Shipping Co's gross margin of this year was 0.28130033. Xingtong Shipping Co's gross margin of last year was 0.35932736. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1713.592/4660.475
=0.36768613

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1511.488/3921.067
=0.38547875

Xingtong Shipping Co's asset turnover of this year was 0.36768613. Xingtong Shipping Co's asset turnover of last year was 0.38547875. ==> 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+1+1+0+0+0
=5

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

Xingtong Shipping Co 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?
Xingtong Shipping Co (SHSE:603209) has a Piotroski F-Score of 5 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xingtong Shipping Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Xingtong Shipping Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Xingtong Shipping Co ranks #515 out of 978 companies in the Transportation industry, placing it in the top 52.7%.
Is Xingtong Shipping Co's Piotroski F-Score too high?
Xingtong Shipping 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 4.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. Xingtong Shipping Co's value of 5 is 16.7% below this industry median. Based on the distribution chart, Xingtong Shipping Co ranks #515 out of 978 companies in the Transportation industry, which is below the industry midpoint. Overall, Xingtong Shipping Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Xingtong Shipping Co's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Xingtong Shipping Co ranks #515 out of 978 companies for Piotroski F-Score. This places Xingtong Shipping Co in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Xingtong Shipping Co's value of 5 is 16.7% below this benchmark. Historically, Xingtong Shipping Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Xingtong Shipping Co 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. Xingtong Shipping Co'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 Xingtong Shipping Co 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. Xingtong Shipping 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 Xingtong Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, Xingtong Shipping Co (SHSE:603209) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥17.00, compared to a current price of ¥13.13 — trading 22.8% below its estimated fair value. 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. Xingtong Shipping Co's overall GF Score™ is 89/100 with 7 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 Xingtong Shipping Co (SHSE:603209), the current Piotroski F-Score is 5 as of Jul. 29, 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 Xingtong Shipping Co (SHSE:603209) Overvalued in 2026?

Based on GuruFocus' analysis, Xingtong Shipping Co stock appears to be undervalued. The current stock price of ¥13.13 is trading 22.8% below its estimated GF Value™ of ¥17.00. GuruFocus considers Xingtong Shipping Co to be Modestly Undervalued.

Key valuation signals for SHSE:603209:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ¥17.00 vs. price of ¥13.13 (22.8% below fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 16.7% below the Transportation median (#515 of 978)

No single metric tells the full story. See the SHSE:603209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xingtong Shipping Co Business Description

Address No. 295, Yifeng East Road, Floor 8-9, Xingtong Marine Building, Quangang District, Fujian Province, Quanzhou City, CHN, 362800
Xingtong Shipping Co Ltd is engaged in the water transportation of domestic coastal bulk liquid dangerous goods.
89GF Score

Get the complete analysis for SHSE:603209

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

¥13.13
Price
¥17.00
GF Value