Sai Gon Cargo Service (STC:SCS) Piotroski F-Score: 5 (As of Aug. 10, 2026) — 17% Below Median

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STC:SCS Sai Gon Cargo Service Corp STC:SCS
80 GF Score
Price ₫45,000.00
GF Value ₫97,390.78
Valuation Significantly Undervalued
View Full Analysis

What is Sai Gon Cargo Service Piotroski F-Score?

Sai Gon Cargo Service STC:SCS +0.67% 80 Piotroski F-Score is 5 as of Aug. 10, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates STC:SCS with a GF Score™ of 80/100 and a GF Value™ of ₫97,390.78 (Significantly Undervalued). Among 980 Transportation companies, Sai Gon Cargo Service ranks worse than 52.14% 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

Sai Gon Cargo Service 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 Sai Gon Cargo Service's Piotroski F-Score or its related term are showing as below:

STC:SCS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of Sai Gon Cargo Service was 8. The lowest was 3. And the median was 6.

Sai Gon Cargo Service  (STC:SCS) 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.


Sai Gon Cargo Service Piotroski F-Score Related Terms


Sai Gon Cargo Service Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sai Gon Cargo Service'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.

Sai Gon Cargo Service Piotroski F-Score Chart

Sai Gon Cargo Service Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 8.00 6.00 3.00 6.00 6.00

Sai Gon Cargo Service Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 7.00 6.00 6.00 5.00

STC:SCS vs JOBY, CAAP: Piotroski F-Score Comparison

For the Airports & Air Services subindustry, Sai Gon Cargo Service'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.


Sai Gon Cargo Service Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Sai Gon Cargo Service's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sai Gon Cargo Service's Piotroski F-Score falls into.


STC:SCS
80GF Score
Sai Gon Cargo Service Corp STC:SCS
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 203967.284 + 188169.847 + 173291.929 + 187336.717 = ₫752,766 Mil.
Cash Flow from Operations was 239136.65 + 138067.078 + 152469.174 + 147156.646 = ₫676,830 Mil.
Revenue was 311566.893 + 326995.29 + 271969.151 + 279258.342 = ₫1,189,790 Mil.
Gross Profit was 250957.336 + 238431.72 + 213272.065 + 220916.366 = ₫923,577 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1994610.95 + 1941524.419 + 2165877.347 + 2085427.625 + 2310671.625) / 5 = ₫2099622.3932 Mil.
Total Assets at the begining of this year (Jun25) was ₫1,994,611 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫1,853,634 Mil.
Total Current Liabilities was ₫683,127 Mil.
Net Income was 185771.378 + 170235.651 + 169924.193 + 189064.032 = ₫714,995 Mil.

Revenue was 265914.212 + 294056.956 + 266342.499 + 291738.737 = ₫1,118,052 Mil.
Gross Profit was 212807.481 + 206954.325 + 216040.615 + 233395.171 = ₫869,198 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1534732.645 + 1750854.906 + 1897525.111 + 1790977.19 + 1994610.95) / 5 = ₫1793740.1604 Mil.
Total Assets at the begining of last year (Jun24) was ₫1,534,733 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫1,504,477 Mil.
Total Current Liabilities was ₫564,836 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.

Sai Gon Cargo Service's current Net Income (TTM) was 752,766. ==> 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.

Sai Gon Cargo Service's current Cash Flow from Operations (TTM) was 676,830. ==> 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 (Jun25)
=752765.777/1994610.95
=0.3773998

ROA (Last Year)=Net Income/Total Assets (Jun24)
=714995.254/1534732.645
=0.4658761

Sai Gon Cargo Service's return on assets of this year was 0.3773998. Sai Gon Cargo Service's return on assets of last year was 0.4658761. ==> 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.

Sai Gon Cargo Service's current Net Income (TTM) was 752,766. Sai Gon Cargo Service's current Cash Flow from Operations (TTM) was 676,830. ==> 676,830 <= 752,766 ==> CFROA <= ROA ==> Score 0.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=0/2099622.3932
=0

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/1793740.1604
=0

Sai Gon Cargo Service's gearing of this year was 0. Sai Gon Cargo Service's gearing of last year was 0. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=1853633.811/683127.397
=2.7134526

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1504477.097/564835.64
=2.66356616

Sai Gon Cargo Service's current ratio of this year was 2.7134526. Sai Gon Cargo Service's current ratio of last year was 2.66356616. ==> 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.

Sai Gon Cargo Service's number of shares in issue this year was 94.887. Sai Gon Cargo Service's number of shares in issue last year was 94.887. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=923577.487/1189789.676
=0.77625273

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=869197.592/1118052.404
=0.77742116

Sai Gon Cargo Service's gross margin of this year was 0.77625273. Sai Gon Cargo Service's gross margin of last year was 0.77742116. ==> 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 (Jun25)
=1189789.676/1994610.95
=0.59650213

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1118052.404/1534732.645
=0.72849979

Sai Gon Cargo Service's asset turnover of this year was 0.59650213. Sai Gon Cargo Service's asset turnover of last year was 0.72849979. ==> 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+0+1+1+1+0+0
=5

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

Sai Gon Cargo Service 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?
Sai Gon Cargo Service (STC:SCS) has a Piotroski F-Score of 5 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sai Gon Cargo Service and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Sai Gon Cargo Service's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sai Gon Cargo Service ranks #511 out of 980 companies in the Transportation industry, placing it in the top 52.1%.
Is Sai Gon Cargo Service's Piotroski F-Score too high?
Sai Gon Cargo Service's current Piotroski F-Score of 5 is 17% 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 Transportation industry median Piotroski F-Score is 6.00. Sai Gon Cargo Service's value of 5 is 16.7% below this industry median. Based on the distribution chart, Sai Gon Cargo Service ranks #511 out of 980 companies in the Transportation industry, which is below the industry midpoint. Overall, Sai Gon Cargo Service has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sai Gon Cargo Service's Piotroski F-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Sai Gon Cargo Service ranks #511 out of 980 companies for Piotroski F-Score. This places Sai Gon Cargo Service in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Sai Gon Cargo Service's value of 5 is 16.7% below this benchmark. Historically, Sai Gon Cargo Service's 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 6.00, Sai Gon Cargo Service 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 980 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. Sai Gon Cargo Service'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 Sai Gon Cargo Service 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. Sai Gon Cargo Service's current Piotroski F-Score is 5, which is 17% 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 Sai Gon Cargo Service stock overvalued right now?
Based on GuruFocus' analysis, Sai Gon Cargo Service (STC:SCS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫97,390.78, compared to a current price of ₫45,000.00 — trading 53.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the Transportation industry median of 6.00. Sai Gon Cargo Service's overall GF Score™ is 80/100. 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 Sai Gon Cargo Service (STC:SCS), the current Piotroski F-Score is 5 as of Aug. 10, 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 Sai Gon Cargo Service (STC:SCS) Overvalued in 2026?

Based on GuruFocus' analysis, Sai Gon Cargo Service stock appears to be undervalued. The current stock price of ₫45,000.00 is trading 53.8% below its estimated GF Value™ of ₫97,390.78. GuruFocus considers Sai Gon Cargo Service to be Significantly Undervalued.

Key valuation signals for STC:SCS:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: ₫97,390.78 vs. price of ₫45,000.00 (53.8% below fair value)
  • GF Score™: 80/100
  • Industry Position: 16.7% below the Transportation median (#511 of 980)

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


Sai Gon Cargo Service Business Description

Address 30 Phan Thuc Duyen Street, Son Nhat International Airport, Ward 4, Tan Binh District, Ho Chi Minh City, VNM
Sai Gon Cargo Service Corp provides cargo handling services at the airport. The company offers International Cargo Handling Services, Domestic Terminal Cargo Handling Services, Perishable Goods Services, and Office Space Lease Services.
80GF Score

Get the complete analysis for STC:SCS

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

₫45,000.00
Price
₫97,390.78
GF Value