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BAF Viet Nam Agriculture JSC (STC:BAF) Piotroski F-Score : 7 (As of Jun. 25, 2025)


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What is BAF Viet Nam Agriculture JSC Piotroski F-Score?

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

BAF Viet Nam Agriculture JSC 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 BAF Viet Nam Agriculture JSC's Piotroski F-Score or its related term are showing as below:

STC:BAF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of BAF Viet Nam Agriculture JSC was 7. The lowest was 2. And the median was 4.


BAF Viet Nam Agriculture JSC Piotroski F-Score Historical Data

The historical data trend for BAF Viet Nam Agriculture JSC'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.

* Premium members only.

BAF Viet Nam Agriculture JSC Piotroski F-Score Chart

BAF Viet Nam Agriculture JSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 3.00 2.00 4.00

BAF Viet Nam Agriculture JSC Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.00 5.00 5.00 4.00 7.00

Competitive Comparison of BAF Viet Nam Agriculture JSC's Piotroski F-Score

For the Farm Products subindustry, BAF Viet Nam Agriculture JSC'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.


BAF Viet Nam Agriculture JSC's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BAF Viet Nam Agriculture JSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BAF Viet Nam Agriculture JSC's Piotroski F-Score falls into.


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 34129.592 + 60366.065 + 108287.569 + 132447.048 = ₫335,230 Mil.
Cash Flow from Operations was 790601.835 + -1112567.259 + 66997.341 + 859488.869 = ₫604,521 Mil.
Revenue was 1225982.621 + 1313762.843 + 1626702.074 + 1123604.044 = ₫5,290,052 Mil.
Gross Profit was 173628.008 + 222790.479 + 229500.293 + 290477.203 = ₫916,396 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(6760644.707 + 7333469.449 + 6958829.957 + 7449030.045 + 8588097.448) / 5 = ₫7418014.3212 Mil.
Total Assets at the begining of this year (Mar24) was ₫6,760,645 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,434,816 Mil.
Total Current Assets was ₫4,032,596 Mil.
Total Current Liabilities was ₫3,069,216 Mil.
Net Income was 8384.776 + 39186.338 + -30805.113 + 118967.801 = ₫135,734 Mil.

Revenue was 1589890.593 + 1218994.044 + 1625012.327 + 1292013.484 = ₫5,725,910 Mil.
Gross Profit was 92010.547 + 143250.586 + 41221.762 + 171797.673 = ₫448,281 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(5989934.123 + 6377582.813 + 6729484.704 + 6533660.696 + 6760644.707) / 5 = ₫6478261.4086 Mil.
Total Assets at the begining of last year (Mar23) was ₫5,989,934 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,627,803 Mil.
Total Current Assets was ₫3,296,896 Mil.
Total Current Liabilities was ₫3,100,169 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.

BAF Viet Nam Agriculture JSC's current Net Income (TTM) was 335,230. ==> 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.

BAF Viet Nam Agriculture JSC's current Cash Flow from Operations (TTM) was 604,521. ==> 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 (Mar24)
=335230.274/6760644.707
=0.04958555

ROA (Last Year)=Net Income/Total Assets (Mar23)
=135733.802/5989934.123
=0.02266032

BAF Viet Nam Agriculture JSC's return on assets of this year was 0.04958555. BAF Viet Nam Agriculture JSC's return on assets of last year was 0.02266032. ==> 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.

BAF Viet Nam Agriculture JSC's current Net Income (TTM) was 335,230. BAF Viet Nam Agriculture JSC's current Cash Flow from Operations (TTM) was 604,521. ==> 604,521 > 335,230 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1434815.7/7418014.3212
=0.19342315

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1627803.41/6478261.4086
=0.25127165

BAF Viet Nam Agriculture JSC's gearing of this year was 0.19342315. BAF Viet Nam Agriculture JSC's gearing of last year was 0.25127165. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=4032596.048/3069215.784
=1.31388483

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=3296896.304/3100168.752
=1.06345705

BAF Viet Nam Agriculture JSC's current ratio of this year was 1.31388483. BAF Viet Nam Agriculture JSC's current ratio of last year was 1.06345705. ==> 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.

BAF Viet Nam Agriculture JSC's number of shares in issue this year was 236.936. BAF Viet Nam Agriculture JSC's number of shares in issue last year was 213.324. ==> 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
=916395.983/5290051.582
=0.17323007

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=448280.568/5725910.448
=0.07828983

BAF Viet Nam Agriculture JSC's gross margin of this year was 0.17323007. BAF Viet Nam Agriculture JSC's gross margin of last year was 0.07828983. ==> 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 (Mar24)
=5290051.582/6760644.707
=0.78247738

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=5725910.448/5989934.123
=0.95592211

BAF Viet Nam Agriculture JSC's asset turnover of this year was 0.78247738. BAF Viet Nam Agriculture JSC's asset turnover of last year was 0.95592211. ==> 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+1+1+1+1+0+1+0
=7

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

BAF Viet Nam Agriculture JSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

BAF Viet Nam Agriculture JSC  (STC:BAF) 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.


BAF Viet Nam Agriculture JSC Piotroski F-Score Related Terms

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BAF Viet Nam Agriculture JSC Business Description

Traded in Other Exchanges
N/A
Address
628C Vo Nguyen Giap Street, 9th Floor, Vista Tower Building, An Phu Ward, Thu Duc City, Ho Chi Minh, VNM
BAF Viet Nam Agriculture JSC is engaged in processing and preserving meat, producing animal feed, Mixed farming activities, and trade in agricultural products. Its Products include Animal feed, Farm, BaFmeat Pork Vegetarian, and Agricultural.