HSS Holdings Bhd (XKLS:0460) Piotroski F-Score: 6 (As of Aug. 14, 2026)

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XKLS:0460 HSS Holdings Bhd XKLS:0460
15 GF Score
Price RM0.16
! 6 Warning Signs
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What is HSS Holdings Bhd Piotroski F-Score?

HSS Holdings Bhd XKLS:0460 -3.03% 15 Piotroski F-Score is 6 as of Aug. 14, 2026. GuruFocus rates XKLS:0460 with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, HSS Holdings Bhd ranks better than 72.43% 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

HSS Holdings Bhd 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 HSS Holdings Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0460' s Piotroski F-Score Range Over the Past 10 Years
Min: 0   Med: 0   Max: 6
Current: 6

During the past 4 years, the highest Piotroski F-Score of HSS Holdings Bhd was 6. The lowest was 0. And the median was 0.

HSS Holdings Bhd  (XKLS:0460) 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.


HSS Holdings Bhd Piotroski F-Score Related Terms


HSS Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for HSS Holdings Bhd'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.

HSS Holdings Bhd Piotroski F-Score Chart

HSS Holdings Bhd Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 7.00 6.00

HSS Holdings Bhd Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Piotroski F-Score N/A N/A 7.00 6.00

XKLS:0460 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, HSS Holdings Bhd'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.


HSS Holdings Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HSS Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0460
15GF Score
HSS Holdings Bhd XKLS:0460
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was RM8.5 Mil.
Cash Flow from Operations was RM6.5 Mil.
Revenue was RM144.4 Mil.
Gross Profit was RM27.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (114.856 + 117.027) / 2 = RM115.9415 Mil.
Total Assets at the begining of this year (Dec24) was RM114.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM15.3 Mil.
Total Current Assets was RM70.2 Mil.
Total Current Liabilities was RM58.1 Mil.
Net Income was RM7.8 Mil.

Revenue was RM160.2 Mil.
Gross Profit was RM27.4 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (94.454 + 114.856) / 2 = RM104.655 Mil.
Total Assets at the begining of last year (Dec23) was RM94.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM25.4 Mil.
Total Current Assets was RM65.2 Mil.
Total Current Liabilities was RM63.4 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.

HSS Holdings Bhd's current Net Income (TTM) was 8.5. ==> 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.

HSS Holdings Bhd's current Cash Flow from Operations (TTM) was 6.5. ==> 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 (Dec24)
=8.472/114.856
=0.07376193

ROA (Last Year)=Net Income/Total Assets (Dec23)
=7.8/94.454
=0.08257988

HSS Holdings Bhd's return on assets of this year was 0.07376193. HSS Holdings Bhd's return on assets of last year was 0.08257988. ==> 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.

HSS Holdings Bhd's current Net Income (TTM) was 8.5. HSS Holdings Bhd's current Cash Flow from Operations (TTM) was 6.5. ==> 6.5 <= 8.5 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=15.256/115.9415
=0.1315836

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=25.361/104.655
=0.24232956

HSS Holdings Bhd's gearing of this year was 0.1315836. HSS Holdings Bhd's gearing of last year was 0.24232956. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=70.163/58.131
=1.20698078

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=65.182/63.379
=1.02844791

HSS Holdings Bhd's current ratio of this year was 1.20698078. HSS Holdings Bhd's current ratio of last year was 1.02844791. ==> 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.

HSS Holdings Bhd's number of shares in issue this year was 500. HSS Holdings Bhd's number of shares in issue last year was 500. ==> 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
=27.177/144.442
=0.18815165

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=27.424/160.221
=0.17116358

HSS Holdings Bhd's gross margin of this year was 0.18815165. HSS Holdings Bhd's gross margin of last year was 0.17116358. ==> 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 (Dec24)
=144.442/114.856
=1.25759212

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=160.221/94.454
=1.69628602

HSS Holdings Bhd's asset turnover of this year was 1.25759212. HSS Holdings Bhd's asset turnover of last year was 1.69628602. ==> 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+1+0
=6

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

HSS Holdings Bhd has an F-score of 6 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 6 mean?
HSS Holdings Bhd (XKLS:0460) has a Piotroski F-Score of 6 as of Aug. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HSS Holdings Bhd and its competitors. According to the industry distribution chart, HSS Holdings Bhd ranks #526 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 27.6%.
Is HSS Holdings Bhd's Piotroski F-Score too high?
HSS Holdings Bhd's current Piotroski F-Score is 6. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. HSS Holdings Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, HSS Holdings Bhd ranks #526 out of 1908 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, HSS Holdings Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does HSS Holdings Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, HSS Holdings Bhd ranks #526 out of 1908 companies for Piotroski F-Score. This puts HSS Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. HSS Holdings Bhd's value of 6 is 20% above this benchmark. 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,908 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. HSS Holdings Bhd's current Piotroski F-Score of 6 is 20% 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 HSS Holdings Bhd and its competitors. For the Consumer Packaged Goods 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. HSS Holdings Bhd's current Piotroski F-Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HSS Holdings Bhd stock overvalued right now?
HSS Holdings Bhd (XKLS:0460) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6 and 20% above the Consumer Packaged Goods industry median of 5.00. HSS Holdings Bhd's overall GF Score™ is 15/100 with 6 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 HSS Holdings Bhd (XKLS:0460), the current Piotroski F-Score is 6 as of Aug. 14, 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.

HSS Holdings Bhd Business Description

Address Jalan Parit Hulu, 17386, Parit Raja Sari, Bukit Bakri, Muar, JHR, MYS, 84200
HSS Holdings Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in the sourcing of bakery products, trading of bakery and other products and manufacturing of bakery products. Its offerings include Biscuits and cookies, Cakes, and Snacks. The products are supplied to over 3,500 retail outlets across Malaysia, including supermarkets and hypermarkets. The company's business segments include: Sourcing, Trading, and Manufacturing. The majority of revenue is derived from the Sourcing segment. Geographically, it exports to Singapore, Indonesia, and Australia, and the maximum revenue is generated from Malaysia.
15GF Score

Get the complete analysis for XKLS:0460

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

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