Stella International HoldingsSLNLF 81 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates SLNLF with a GF Score™ of 81/100 and a GF Value™ of $1.56. The stock has 4 warning signs investors should review. Among 1,055 Manufacturing - Apparel & Accessories companies, Stella International Holdings ranks worse than 82.18% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Stella International Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Stella International Holdings's Piotroski F-Score or its related term are showing as below:
SLNLF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Stella International Holdings was 8. The lowest was 3. And the median was 6.
Stella International Holdings (OTCPK:SLNLF) 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.
Stella International Holdings Piotroski F-Score Related Terms
Stella International Holdings 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.
Stella International Holdings Piotroski F-Score Chart
SLNLF vs NKE, DECK, ONON: Piotroski F-Score Comparison
For the Footwear & Accessories subindustry, Stella International Holdings'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.
Stella International Holdings Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Stella International Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Stella International Holdings'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.
Stella International Holdings's current Net Income (TTM) was 138.
==> 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.
Stella International Holdings's current Cash Flow from Operations (TTM) was 195.
==> 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.
Stella International Holdings's return on assets of this year was 0.09694415. Stella International Holdings's return on assets of last year was 0.12579898.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Stella International Holdings's gearing of this year was 0.00741072. Stella International Holdings's gearing of last year was 0.00596608.
==> 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
Stella International Holdings's current ratio of this year was 2.87845304. Stella International Holdings's current ratio of last year was 3.19990614.
==> 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.
Stella International Holdings's number of shares in issue this year was 846.112. Stella International Holdings's number of shares in issue last year was 826.779.
==> 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.
Stella International Holdings's gross margin of this year was 0.21801168. Stella International Holdings's gross margin of last year was 0.24849752.
==> 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
Stella International Holdings's asset turnover of this year was 1.10318569. Stella International Holdings's asset turnover of last year was 1.13636307.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Stella International Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Stella International Holdings (SLNLF) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Stella International Holdings and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Stella International Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Stella International Holdings ranks #867 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 82.2%.
Is Stella International Holdings' Piotroski F-Score too high?
Stella International Holdings' current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Stella International Holdings' value of 3 is 40% below this industry median. Based on the distribution chart, Stella International Holdings ranks #867 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Stella International Holdings has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Stella International Holdings' Piotroski F-Score compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Stella International Holdings ranks #867 out of 1055 companies for Piotroski F-Score. This places Stella International Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Stella International Holdings' value of 3 is 40% below this benchmark. Historically, Stella International Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Stella International Holdings 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,055 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. Stella International Holdings's current Piotroski F-Score of 3 is 40% 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 Stella International Holdings and its competitors. For the Manufacturing - Apparel & Accessories 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. Stella International Holdings's current Piotroski F-Score is 3, which is 50% 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 Stella International Holdings stock overvalued right now?
Stella International Holdings (SLNLF) has a current Piotroski F-Score of 3. The stock's GF Value™ is $1.56, compared to a current price of $1.41 — trading 9.6% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Manufacturing - Apparel & Accessories industry median of 5.00. Stella International Holdings' overall GF Score™ is 81/100 with 4 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 Stella International Holdings (SLNLF), the current Piotroski F-Score is 3 as of Jun. 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 Stella International Holdings (SLNLF) Overvalued in 2026?
Based on GuruFocus' analysis, Stella International Holdings stock appears to be undervalued.
The current stock price of $1.41 is trading 9.6% below its estimated GF Value™ of $1.56.
Key valuation signals for SLNLF:
Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
GF Value™: $1.56 vs. price of $1.41 (9.6% below fair value)
Industry Position: 40% below the Manufacturing - Apparel & Accessories median (#867 of 1055)
No single metric tells the full story. See the SLNLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stella International Holdings Business Description
Stella International Holdings Ltd, along with its subsidiaries, designs and manufactures footwear and leather goods, which are sold to consumers under its brand names. Stella's clients include many of the world's top casual footwear companies as well as several prominent fashion and high-fashion companies and brands. It operates in two reportable segments: Manufacturing, and Retailing and Wholesaling. The Manufacturing segment, which generates the maximum revenue, engages in the sale and manufacture of footwear and handbags. The Retailing and Wholesaling segment engages in the sale of products of self-developed brands. Geographically, the Group generates maximum revenue from North America, and the rest from Europe, PRC, Asia (excluding PRC), and other countries.
81GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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