Daqo New Energy (STU:5DQ2) Piotroski F-Score: 5 (As of Jul. 03, 2026) — 17% Below Median


STU:5DQ2 Daqo New Energy Corp STU:5DQ2
76 GF Score
Price €10.70
GF Value €8.10
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Daqo New Energy Piotroski F-Score?

Daqo New Energy STU:5DQ2 -4.46% 76 Piotroski F-Score is 5 as of Jul. 03, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates STU:5DQ2 with a GF Score™ of 76/100 and a GF Value™ of €8.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 990 Semiconductors companies, Daqo New Energy ranks better than 61.11% 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

Daqo New Energy 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 Daqo New Energy's Piotroski F-Score or its related term are showing as below:

STU:5DQ2' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Daqo New Energy was 8. The lowest was 2. And the median was 6.

Daqo New Energy  (STU:5DQ2) 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.


Daqo New Energy Piotroski F-Score Related Terms


Daqo New Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Daqo New Energy'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.

Daqo New Energy Piotroski F-Score Chart

Daqo New Energy 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 7.00 7.00 5.00 3.00 5.00

Daqo New Energy 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 3.00 3.00 3.00 5.00 5.00

STU:5DQ2 vs ASYS, ATOM, INTT: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.


Daqo New Energy Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Daqo New Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Daqo New Energy's Piotroski F-Score falls into.


STU:5DQ2
76GF Score
Daqo New Energy Corp STU:5DQ2
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 -66.306 + -12.71 + -6.216 + -76.444 = €-161.7 Mil.
Cash Flow from Operations was -57.708 + 47.222 + 85.128 + -127.598 = €-53.0 Mil.
Revenue was 65.189 + 208.4 + 189.341 + 23.115 = €486.0 Mil.
Gross Profit was -70.579 + 8.224 + 13.185 + -120.552 = €-169.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5837.385 + 5453.457 + 5403.575 + 5507.724 + 5483.475) / 5 = €5537.1232 Mil.
Total Assets at the begining of this year (Mar25) was €5,837.4 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €2,216.0 Mil.
Total Current Liabilities was €368.3 Mil.
Net Income was -111.276 + -54.712 + -172.074 + -66.449 = €-404.5 Mil.

Revenue was 204.3 + 178.845 + 186.568 + 114.62 = €684.3 Mil.
Gross Profit was -147.86 + -54.595 + -62.326 + -75.42 = €-340.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6668.006 + 6447.725 + 6350.883 + 6129.422 + 5837.385) / 5 = €6286.6842 Mil.
Total Assets at the begining of last year (Mar24) was €6,668.0 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €2,384.0 Mil.
Total Current Liabilities was €424.4 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.

Daqo New Energy's current Net Income (TTM) was -161.7. ==> Negative ==> Score 0.

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.

Daqo New Energy's current Cash Flow from Operations (TTM) was -53.0. ==> Negative ==> Score 0.

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)
=-161.676/5837.385
=-0.02769665

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-404.511/6668.006
=-0.06066446

Daqo New Energy's return on assets of this year was -0.02769665. Daqo New Energy's return on assets of last year was -0.06066446. ==> 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.

Daqo New Energy's current Net Income (TTM) was -161.7. Daqo New Energy's current Cash Flow from Operations (TTM) was -53.0. ==> -53.0 > -161.7 ==> 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
=0/5537.1232
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/6286.6842
=0

Daqo New Energy's gearing of this year was 0. Daqo New Energy'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: Mar26)=Total Current Assets/Total Current Liabilities
=2215.996/368.263
=6.01742776

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2384.047/424.352
=5.61808829

Daqo New Energy's current ratio of this year was 6.01742776. Daqo New Energy's current ratio of last year was 5.61808829. ==> 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.

Daqo New Energy's number of shares in issue this year was 67.666. Daqo New Energy's number of shares in issue last year was 66.938. ==> 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
=-169.722/486.045
=-0.34918989

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-340.201/684.333
=-0.49712786

Daqo New Energy's gross margin of this year was -0.34918989. Daqo New Energy's gross margin of last year was -0.49712786. ==> 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)
=486.045/5837.385
=0.08326417

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=684.333/6668.006
=0.10262933

Daqo New Energy's asset turnover of this year was 0.08326417. Daqo New Energy's asset turnover of last year was 0.10262933. ==> 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
=0+0+1+1+1+1+0+1+0
=5

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

Daqo New Energy 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?
Daqo New Energy (STU:5DQ2) has a Piotroski F-Score of 5 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Daqo New Energy and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Daqo New Energy's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Daqo New Energy ranks #385 out of 990 companies in the Semiconductors industry, placing it in the top 38.9%.
Is Daqo New Energy's Piotroski F-Score too high?
Daqo New Energy'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 2.00 to a high of 8.00. The Semiconductors industry median Piotroski F-Score is 5.00. Daqo New Energy's value of 5 is 0% at this industry median. Based on the distribution chart, Daqo New Energy ranks #385 out of 990 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Daqo New Energy has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daqo New Energy's Piotroski F-Score compare to ASYS and ATOM?
According to the Semiconductors industry distribution chart, Daqo New Energy ranks #385 out of 990 companies for Piotroski F-Score. This puts Daqo New Energy in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Daqo New Energy's value of 5 is 0% at this benchmark. Historically, Daqo New Energy's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Daqo New Energy has consistently been at 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 990 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. Daqo New Energy's current Piotroski F-Score of 5 is 0% at 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 Daqo New Energy and its competitors. For the Semiconductors 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. Daqo New Energy'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 Daqo New Energy stock overvalued right now?
Based on GuruFocus' analysis, Daqo New Energy (STU:5DQ2) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.10, compared to a current price of €10.70 — trading 32.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Semiconductors industry median of 5.00. Daqo New Energy's overall GF Score™ is 76/100 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 Daqo New Energy (STU:5DQ2), the current Piotroski F-Score is 5 as of Jul. 03, 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 Daqo New Energy (STU:5DQ2) Overvalued in 2026?

Based on GuruFocus' analysis, Daqo New Energy stock appears to be overvalued. The current stock price of €10.70 is trading 32.1% above its estimated GF Value™ of €8.10. GuruFocus considers Daqo New Energy to be Significantly Overvalued.

Key valuation signals for STU:5DQ2:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: €8.10 vs. price of €10.70 (32.1% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 0% at the Semiconductors median (#385 of 990)

No single metric tells the full story. See the STU:5DQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daqo New Energy Business Description

Other Exchanges DQ:USA0I74:UK
Address No. 838 Zhangyang Road, 29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, CHN, 200122
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company manufactures and sells high-purity polysilicon to manufacturers who use it to make ingots, cells, and modules for solar power solutions. The polysilicon is packaged to meet crucible stacking, pulling, and solidification needs. All of the company's revenues come from the People's Republic of China.
76GF Score

Get the complete analysis for STU:5DQ2

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

€10.70
Price
€8.10
GF Value