Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
LOTTE Fine Chemical Co (XKRX:004000) 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.
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.
LOTTE Fine Chemical Co Piotroski F-Score Related Terms
LOTTE Fine Chemical Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for LOTTE Fine Chemical Co'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.
For the Chemicals subindustry, LOTTE Fine Chemical Co'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.
LOTTE Fine Chemical Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, LOTTE Fine Chemical Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where LOTTE Fine Chemical Co'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 35217.084 + 26965.916 + 44691.36 + 94165.204 = ₩201,040 Mil. Cash Flow from Operations was 82197.139 + 17853.888 + 50157.464 + 109479.438 = ₩259,688 Mil. Revenue was 443363.088 + 439056.066 + 510654.014 + 586274.822 = ₩1,979,348 Mil. Gross Profit was 60493.58 + 55355.828 + 64757.337 + 96337.117 = ₩276,944 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2733748.193 + 2777183.535 + 2746168.415 + 2777158.964 + 2817961.151) / 5 = ₩2770444.0516 Mil. Total Assets at the begining of this year (Jun25) was ₩2,733,748 Mil. Long-Term Debt & Capital Lease Obligation was ₩41,225 Mil. Total Current Assets was ₩1,359,455 Mil. Total Current Liabilities was ₩224,676 Mil.
Net Income was -71559.042 + -18750.814 + 28385.551 + 15524.391 = ₩-46,400 Mil.
Revenue was 420414.721 + 428613.937 + 445589.677 + 424673.818 = ₩1,719,292 Mil. Gross Profit was 42952.702 + 44175.266 + 48805.283 + 40808.335 = ₩176,742 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2849305.569 + 2780104.251 + 2713850.667 + 2780519.548 + 2733748.193) / 5 = ₩2771505.6456 Mil. Total Assets at the begining of last year (Jun24) was ₩2,849,306 Mil. Long-Term Debt & Capital Lease Obligation was ₩139,072 Mil. Total Current Assets was ₩1,067,528 Mil. Total Current Liabilities was ₩205,532 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.
LOTTE Fine Chemical Co's current Net Income (TTM) was 201,040.
==> 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.
LOTTE Fine Chemical Co's current Cash Flow from Operations (TTM) was 259,688.
==> 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.
LOTTE Fine Chemical Co's return on assets of this year was 0.0735399. LOTTE Fine Chemical Co's return on assets of last year was -0.01628464.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
LOTTE Fine Chemical Co's gearing of this year was 0.01488032. LOTTE Fine Chemical Co's gearing of last year was 0.05017934.
==> 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
LOTTE Fine Chemical Co's current ratio of this year was 6.05074566. LOTTE Fine Chemical Co's current ratio of last year was 5.19398198.
==> 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.
LOTTE Fine Chemical Co's number of shares in issue this year was 25.471. LOTTE Fine Chemical Co's number of shares in issue last year was 25.45.
==> 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.
LOTTE Fine Chemical Co's gross margin of this year was 0.13991671. LOTTE Fine Chemical Co's gross margin of last year was 0.10279904.
==> 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
LOTTE Fine Chemical Co's asset turnover of this year was 0.72404181. LOTTE Fine Chemical Co's asset turnover of last year was 0.60340743.
==> 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
+
1
+
1
+
0
+
1
+
1
=
8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
LOTTE Fine Chemical Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
LOTTE Fine Chemical Co (XKRX:004000) has a Piotroski F-Score of 8 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LOTTE Fine Chemical Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, LOTTE Fine Chemical Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, LOTTE Fine Chemical Co ranks #1 out of 1561 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is LOTTE Fine Chemical Co's Piotroski F-Score too high?
LOTTE Fine Chemical Co's current Piotroski F-Score of 8 is 33% above 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 9.00. The Chemicals industry median Piotroski F-Score is 5.00. LOTTE Fine Chemical Co's value of 8 is 60% above this industry median. Based on the distribution chart, LOTTE Fine Chemical Co ranks #1 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, LOTTE Fine Chemical Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LOTTE Fine Chemical Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, LOTTE Fine Chemical Co ranks #1 out of 1561 companies for Piotroski F-Score. This places LOTTE Fine Chemical Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. LOTTE Fine Chemical Co's value of 8 is 60% above this benchmark. Historically, LOTTE Fine Chemical Co'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 6.00 vs. the industry median of 5.00, LOTTE Fine Chemical Co 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,561 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. LOTTE Fine Chemical Co's current Piotroski F-Score of 8 is 60% 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 LOTTE Fine Chemical Co and its competitors. For the Chemicals 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. LOTTE Fine Chemical Co's current Piotroski F-Score is 8, which is 33% above 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 LOTTE Fine Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, LOTTE Fine Chemical Co (XKRX:004000) is currently considered Modestly Undervalued. The stock's GF Value™ is ₩52,699.23, compared to a current price of ₩46,350.00 — trading 12% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Chemicals industry median of 5.00. LOTTE Fine Chemical Co's overall GF Score™ is 90/100 with 4 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 LOTTE Fine Chemical Co (XKRX:004000), the current Piotroski F-Score is 8 as of Aug. 19, 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 LOTTE Fine Chemical Co (XKRX:004000) Overvalued in 2026?
Based on GuruFocus' analysis, LOTTE Fine Chemical Co stock appears to be undervalued.
The current stock price of ₩46,350.00 is trading 12% below its estimated GF Value™ of ₩52,699.23.
GuruFocus considers LOTTE Fine Chemical Co to be Modestly Undervalued.
Key valuation signals for XKRX:004000:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: ₩52,699.23 vs. price of ₩46,350.00 (12% below fair value)
Industry Position: 60% above the Chemicals median (#1 of 1561)
No single metric tells the full story. See the XKRX:004000 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LOTTE Fine Chemical Co Ltd manufactures and sells a variety of chemicals, and chemical-based products. The firm organizes itself into three segments based on product type. The chlorine/cellulose segment, which generates the majority of revenue, sells cellulose and caustic soda used to make products for the construction, cement, ceramics, paint, detergent, and personal care industries. The electronic materials segment sells toner for color laser printers, liquid crystal display materials, and lithium nickel cobalt manganese oxide, used in rechargeable batteries. The ammonia segment's products are used in the production of fertilizer, textiles, and pharmaceuticals. The majority of sales come from Asia.
90GF Score
Get the complete analysis for XKRX:004000
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKRX:004000 has been successfully added to your 
