CITIC Resources HoldingsSTU:CZR 80 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates STU:CZR with a GF Score™ of 80/100 and a GF Value™ of €0.11 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,508 Metals & Mining companies, CITIC Resources Holdings ranks better than 91.35% 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
CITIC Resources Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for CITIC Resources Holdings's Piotroski F-Score or its related term are showing as below:
STU:CZR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of CITIC Resources Holdings was 9. The lowest was 4. And the median was 7.
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.
CITIC Resources Holdings Piotroski F-Score Related Terms
CITIC Resources 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.
For the Other Industrial Metals & Mining subindustry, CITIC Resources 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.
CITIC Resources Holdings Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, CITIC Resources Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CITIC Resources 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.
CITIC Resources Holdings's current Net Income (TTM) was 19.
==> 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.
CITIC Resources Holdings's current Cash Flow from Operations (TTM) was 75.
==> 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.
CITIC Resources Holdings's return on assets of this year was 0.01202988. CITIC Resources Holdings's return on assets of last year was 0.05153799.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CITIC Resources Holdings's gearing of this year was 0.12097614. CITIC Resources Holdings's gearing of last year was 0.0827913.
==> 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
CITIC Resources Holdings's current ratio of this year was 1.63131273. CITIC Resources Holdings's current ratio of last year was 1.34381592.
==> 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.
CITIC Resources Holdings's number of shares in issue this year was 7857.727. CITIC Resources Holdings's number of shares in issue last year was 7857.727.
==> 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.
CITIC Resources Holdings's gross margin of this year was 0.02938682. CITIC Resources Holdings's gross margin of last year was 0.07691464.
==> 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
CITIC Resources Holdings's asset turnover of this year was 1.05494564. CITIC Resources Holdings's asset turnover of last year was 0.85490177.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CITIC Resources Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
CITIC Resources Holdings (STU:CZR) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CITIC Resources Holdings and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, CITIC Resources Holdings' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, CITIC Resources Holdings ranks #217 out of 2508 companies in the Metals & Mining industry, placing it in the top 8.7%.
Is CITIC Resources Holdings' Piotroski F-Score too high?
CITIC Resources Holdings' current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Metals & Mining industry median Piotroski F-Score is 3.00. CITIC Resources Holdings' value of 6 is 100% above this industry median. Based on the distribution chart, CITIC Resources Holdings ranks #217 out of 2508 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, CITIC Resources Holdings has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CITIC Resources Holdings' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, CITIC Resources Holdings ranks #217 out of 2508 companies for Piotroski F-Score. This places CITIC Resources Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. CITIC Resources Holdings' value of 6 is 100% above this benchmark. Historically, CITIC Resources Holdings' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 3.00, CITIC Resources Holdings has consistently been above 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,508 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. CITIC Resources Holdings's current Piotroski F-Score of 6 is 100% above 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 CITIC Resources Holdings and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CITIC Resources Holdings's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CITIC Resources Holdings stock overvalued right now?
Based on GuruFocus' analysis, CITIC Resources Holdings (STU:CZR) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.11, compared to a current price of €0.05 — trading 52.7% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 100% above the Metals & Mining industry median of 3.00. CITIC Resources Holdings' overall GF Score™ is 80/100 with 5 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 CITIC Resources Holdings (STU:CZR), the current Piotroski F-Score is 6 as of Jun. 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 CITIC Resources Holdings (STU:CZR) Overvalued in 2026?
Based on GuruFocus' analysis, CITIC Resources Holdings stock appears to be undervalued.
The current stock price of €0.05 is trading 52.7% below its estimated GF Value™ of €0.11.
GuruFocus considers CITIC Resources Holdings to be Significantly Undervalued.
Key valuation signals for STU:CZR:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: €0.11 vs. price of €0.05 (52.7% below fair value)
Industry Position: 100% above the Metals & Mining median (#217 of 2508)
No single metric tells the full story. See the STU:CZR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products, including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods, including steel, vehicle, and industrial batteries. It has four operating segments; the Aluminum Smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots in Australia, the Coal segment comprises the operation of coal mines and the sale of coal in Australia, the Import and Export of Commodities segment derives key revenue, comprises trading of crude oil and oil products around the world, and Crude Oil segment comprises the operation of oilfields and the sale of crude oil.
80GF Score
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