Hunter Capital AB (publ) (XSAT:HUNTER) Piotroski F-Score: 7 (As of Jul. 23, 2026) — 40% Above Median

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XSAT:HUNTER Hunter Capital AB (publ) XSAT:HUNTER
39 GF Score
Price kr11.00
! 3 Warning Signs
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What is Hunter Capital AB (publ) Piotroski F-Score?

Hunter Capital AB (publ) XSAT:HUNTER -2.22% 39 Piotroski F-Score is 7 as of Jul. 23, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates XSAT:HUNTER with a GF Score™ of 39/100. The stock has 3 warning signs investors should review. Among 1,595 Asset Management companies, Hunter Capital AB (publ) ranks better than 92.66% 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

Hunter Capital AB (publ) 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 Hunter Capital AB (publ)'s Piotroski F-Score or its related term are showing as below:

XSAT:HUNTER' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 8 years, the highest Piotroski F-Score of Hunter Capital AB (publ) was 7. The lowest was 2. And the median was 5.

Hunter Capital AB (publ)  (XSAT:HUNTER) 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.


Hunter Capital AB (publ) Piotroski F-Score Related Terms


Hunter Capital AB (publ) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hunter Capital AB (publ)'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.

Hunter Capital AB (publ) Piotroski F-Score Chart

Hunter Capital AB (publ) Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 6.00 5.00 6.00 6.00 7.00

Hunter Capital AB (publ) 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 6.00 6.00 0.00 7.00 0.00

XSAT:HUNTER vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Hunter Capital AB (publ)'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.


Hunter Capital AB (publ) Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hunter Capital AB (publ)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hunter Capital AB (publ)'s Piotroski F-Score falls into.


XSAT:HUNTER
39GF Score
Hunter Capital AB (publ) XSAT:HUNTER
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was kr33.13 Mil.
Cash Flow from Operations was kr33.20 Mil.
Revenue was kr27.69 Mil.
Gross Profit was kr26.01 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (33.33 + 65.716) / 2 = kr49.523 Mil.
Total Assets at the begining of this year (Dec24) was kr33.33 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr2.66 Mil.
Total Current Liabilities was kr0.74 Mil.
Net Income was kr8.25 Mil.

Revenue was kr15.34 Mil.
Gross Profit was kr15.00 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (21.026 + 33.33) / 2 = kr27.178 Mil.
Total Assets at the begining of last year (Dec23) was kr21.03 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr7.99 Mil.
Total Current Liabilities was kr1.28 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.

Hunter Capital AB (publ)'s current Net Income (TTM) was 33.13. ==> 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.

Hunter Capital AB (publ)'s current Cash Flow from Operations (TTM) was 33.20. ==> 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)
=33.128/33.33
=0.99393939

ROA (Last Year)=Net Income/Total Assets (Dec23)
=8.254/21.026
=0.39256159

Hunter Capital AB (publ)'s return on assets of this year was 0.99393939. Hunter Capital AB (publ)'s return on assets of last year was 0.39256159. ==> 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.

Hunter Capital AB (publ)'s current Net Income (TTM) was 33.13. Hunter Capital AB (publ)'s current Cash Flow from Operations (TTM) was 33.20. ==> 33.20 > 33.13 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/49.523
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/27.178
=0

Hunter Capital AB (publ)'s gearing of this year was 0. Hunter Capital AB (publ)'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: Dec25)=Total Current Assets/Total Current Liabilities
=2.657/0.741
=3.58569501

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=7.991/1.281
=6.23809524

Hunter Capital AB (publ)'s current ratio of this year was 3.58569501. Hunter Capital AB (publ)'s current ratio of last year was 6.23809524. ==> 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.

Hunter Capital AB (publ)'s number of shares in issue this year was 4.541. Hunter Capital AB (publ)'s number of shares in issue last year was 4.541. ==> 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
=26.012/27.692
=0.93933266

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14.995/15.34
=0.97750978

Hunter Capital AB (publ)'s gross margin of this year was 0.93933266. Hunter Capital AB (publ)'s gross margin of last year was 0.97750978. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=27.692/33.33
=0.83084308

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=15.34/21.026
=0.72957291

Hunter Capital AB (publ)'s asset turnover of this year was 0.83084308. Hunter Capital AB (publ)'s asset turnover of last year was 0.72957291. ==> 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+0+1+0+1
=7

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

Hunter Capital AB (publ) 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?
Hunter Capital AB (publ) (XSAT:HUNTER) has a Piotroski F-Score of 7 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hunter Capital AB (publ) and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Hunter Capital AB (publ)'s Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Hunter Capital AB (publ) ranks #117 out of 1595 companies in the Asset Management industry, placing it in the top 7.3%.
Is Hunter Capital AB (publ)'s Piotroski F-Score too high?
Hunter Capital AB (publ)'s current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Hunter Capital AB (publ)'s value of 7 is 40% above this industry median. Based on the distribution chart, Hunter Capital AB (publ) ranks #117 out of 1595 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hunter Capital AB (publ) has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Hunter Capital AB (publ)'s Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Hunter Capital AB (publ) ranks #117 out of 1595 companies for Piotroski F-Score. This places Hunter Capital AB (publ) in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hunter Capital AB (publ)'s value of 7 is 40% above this benchmark. Historically, Hunter Capital AB (publ)'s own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hunter Capital AB (publ) 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 Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,595 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. Hunter Capital AB (publ)'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 Hunter Capital AB (publ) and its competitors. For the Asset Management 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. Hunter Capital AB (publ)'s current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hunter Capital AB (publ) stock overvalued right now?
Hunter Capital AB (publ) (XSAT:HUNTER) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Asset Management industry median of 5.00. Hunter Capital AB (publ)'s overall GF Score™ is 39/100 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 Hunter Capital AB (publ) (XSAT:HUNTER), the current Piotroski F-Score is 7 as of Jul. 23, 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.

Hunter Capital AB (publ) Business Description

Address Artillerigatan 26, Stockholm, SWE, 114 51
Hunter Capital AB (publ) is a investing company. It is investing in technology and life science.
39GF Score

Get the complete analysis for XSAT:HUNTER

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

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