Sinon (TPE:1712) Piotroski F-Score: 7 (As of Aug. 26, 2026) — Near Median

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TPE:1712 Sinon Corp TPE:1712
82 GF Score
Price NT$40.00
GF Value NT$41.76
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Sinon Piotroski F-Score?

Sinon TPE:1712 +0.50% 82 Piotroski F-Score is 7 as of Aug. 26, 2026, which is at its 10-year median of 7.00. GuruFocus rates TPE:1712 with a GF Score™ of 82/100 and a GF Value™ of NT$41.76 (Fairly Valued). The stock has 3 warning signs investors should review. Among 253 Agriculture companies, Sinon ranks better than 92.09% on this metric.

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

Sinon 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 Sinon's Piotroski F-Score or its related term are showing as below:

TPE:1712' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sinon was 9. The lowest was 3. And the median was 7.

Sinon  (TPE:1712) 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.


Sinon Piotroski F-Score Related Terms


Sinon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sinon'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.

Sinon Piotroski F-Score Chart

Sinon 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 8.00 5.00 7.00 7.00

Sinon 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 5.00 7.00 7.00 7.00 7.00

TPE:1712 vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, Sinon'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.


Sinon Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinon's Piotroski F-Score distribution charts can be found below:

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


TPE:1712
82GF Score
Sinon Corp TPE:1712
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 235.196 + 223.98 + 283.178 + 371.157 = NT$1,114 Mil.
Cash Flow from Operations was 553.989 + 1110.598 + -437.783 + 483.608 = NT$1,710 Mil.
Revenue was 4372.686 + 4376.061 + 4795.226 + 5373.783 = NT$18,918 Mil.
Gross Profit was 1354.738 + 1278.6 + 1470.661 + 1732.471 = NT$5,836 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(14805.018 + 15018.286 + 15370.664 + 15651.003 + 15870.526) / 5 = NT$15343.0994 Mil.
Total Assets at the begining of this year (Jun25) was NT$14,805 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,062 Mil.
Total Current Assets was NT$8,302 Mil.
Total Current Liabilities was NT$5,857 Mil.
Net Income was 245.763 + 233.582 + 334.761 + 299.608 = NT$1,114 Mil.

Revenue was 4662.753 + 4358.824 + 4898.482 + 4963.233 = NT$18,883 Mil.
Gross Profit was 1424.741 + 1237.047 + 1534.604 + 1506.923 = NT$5,703 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(15123.174 + 15290.789 + 15428.221 + 15432.481 + 14805.018) / 5 = NT$15215.9366 Mil.
Total Assets at the begining of last year (Jun24) was NT$15,123 Mil.
Long-Term Debt & Capital Lease Obligation was NT$907 Mil.
Total Current Assets was NT$7,580 Mil.
Total Current Liabilities was NT$5,181 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.

Sinon's current Net Income (TTM) was 1,114. ==> 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.

Sinon's current Cash Flow from Operations (TTM) was 1,710. ==> 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)
=1113.511/14805.018
=0.07521173

ROA (Last Year)=Net Income/Total Assets (Jun24)
=1113.714/15123.174
=0.07364287

Sinon's return on assets of this year was 0.07521173. Sinon's return on assets of last year was 0.07364287. ==> 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.

Sinon's current Net Income (TTM) was 1,114. Sinon's current Cash Flow from Operations (TTM) was 1,710. ==> 1,710 > 1,114 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=1062.043/15343.0994
=0.06921959

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=907.481/15215.9366
=0.05964017

Sinon's gearing of this year was 0.06921959. Sinon's gearing of last year was 0.05964017. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=8301.936/5857.19
=1.4173923

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=7579.863/5181.345
=1.46291417

Sinon's current ratio of this year was 1.4173923. Sinon's current ratio of last year was 1.46291417. ==> 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.

Sinon's number of shares in issue this year was 421.769. Sinon's number of shares in issue last year was 421.983. ==> 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
=5836.47/18917.756
=0.30851809

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5703.315/18883.292
=0.3020297

Sinon's gross margin of this year was 0.30851809. Sinon's gross margin of last year was 0.3020297. ==> 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 (Jun25)
=18917.756/14805.018
=1.27779352

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=18883.292/15123.174
=1.24863286

Sinon's asset turnover of this year was 1.27779352. Sinon's asset turnover of last year was 1.24863286. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+1+1+1
=7

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

Sinon has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Sinon (TPE:1712) has a Piotroski F-Score of 7 as of Aug. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sinon and its competitors. This is near median its historical median of 7.00. Over the past decade, Sinon's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Sinon ranks #20 out of 253 companies in the Agriculture industry, placing it in the top 7.9%.
Is Sinon's Piotroski F-Score too high?
Sinon's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Agriculture industry median Piotroski F-Score is 5.00. Sinon's value of 7 is 40% above this industry median. Based on the distribution chart, Sinon ranks #20 out of 253 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Sinon has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinon's Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Sinon ranks #20 out of 253 companies for Piotroski F-Score. This places Sinon in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sinon's value of 7 is 40% above this benchmark. Historically, Sinon's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sinon 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 an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 253 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. Sinon's current Piotroski F-Score of 7 is 40% 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 Sinon and its competitors. For the Agriculture 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. Sinon's current Piotroski F-Score is 7, which is near 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 Sinon stock overvalued right now?
Based on GuruFocus' analysis, Sinon (TPE:1712) is currently considered Fairly Valued. The stock's GF Value™ is NT$41.76, compared to a current price of NT$40.00 — trading 4.2% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Agriculture industry median of 5.00. Sinon's overall GF Score™ is 82/100 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 Sinon (TPE:1712), the current Piotroski F-Score is 7 as of Aug. 26, 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 Sinon (TPE:1712) Overvalued in 2026?

Based on GuruFocus' analysis, Sinon stock appears to be undervalued. The current stock price of NT$40.00 is trading 4.2% below its estimated GF Value™ of NT$41.76. GuruFocus considers Sinon to be Fairly Valued.

Key valuation signals for TPE:1712:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: NT$41.76 vs. price of NT$40.00 (4.2% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 40% above the Agriculture median (#20 of 253)

No single metric tells the full story. See the TPE:1712 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sinon Business Description

Address No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245
Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.
82GF Score

Get the complete analysis for TPE:1712

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

NT$40.00
Price
NT$41.76
GF Value