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Cakovecki Mlinovi DDZAG:CKML 87 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ZAG:CKML with a GF Score™ of 87/100 and a GF Value™ of €18.98 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Cakovecki Mlinovi DD ranks better than 73.14% 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
Cakovecki Mlinovi DD 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 Cakovecki Mlinovi DD's Piotroski F-Score or its related term are showing as below:
ZAG:CKML'
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 Cakovecki Mlinovi DD 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.
Cakovecki Mlinovi DD Piotroski F-Score Related Terms
Cakovecki Mlinovi DD Piotroski F-Score Historical Data
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The historical data trend for Cakovecki Mlinovi DD'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.
ZAG:CKML vs KHC, GIS, HRL: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Cakovecki Mlinovi DD'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.
Cakovecki Mlinovi DD Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cakovecki Mlinovi DD's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cakovecki Mlinovi DD'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.
Cakovecki Mlinovi DD's current Net Income (TTM) was 12.5.
==> 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.
Cakovecki Mlinovi DD's return on assets of this year was 0.06486167. Cakovecki Mlinovi DD's return on assets of last year was 0.06037437.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Cakovecki Mlinovi DD's gearing of this year was 0.10421497. Cakovecki Mlinovi DD's gearing of last year was 0.11913227.
==> 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
Cakovecki Mlinovi DD's current ratio of this year was 1.55134607. Cakovecki Mlinovi DD's current ratio of last year was 1.81402472.
==> 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.
Cakovecki Mlinovi DD's number of shares in issue this year was 15.879. Cakovecki Mlinovi DD's number of shares in issue last year was 10.29.
==> 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.
Cakovecki Mlinovi DD's gross margin of this year was 0.3134435. Cakovecki Mlinovi DD's gross margin of last year was 0.30383582.
==> 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
Cakovecki Mlinovi DD's asset turnover of this year was 2.15276317. Cakovecki Mlinovi DD's asset turnover of last year was 2.03232768.
==> 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
Cakovecki Mlinovi DD has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Cakovecki Mlinovi DD (ZAG:CKML) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cakovecki Mlinovi DD and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Cakovecki Mlinovi DD's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Cakovecki Mlinovi DD ranks #513 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 26.9%.
Is Cakovecki Mlinovi DD's Piotroski F-Score too high?
Cakovecki Mlinovi DD's 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Cakovecki Mlinovi DD's value of 6 is 20% above this industry median. Based on the distribution chart, Cakovecki Mlinovi DD ranks #513 out of 1910 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Cakovecki Mlinovi DD has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cakovecki Mlinovi DD's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Cakovecki Mlinovi DD ranks #513 out of 1910 companies for Piotroski F-Score. This puts Cakovecki Mlinovi DD in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Cakovecki Mlinovi DD's value of 6 is 20% above this benchmark. Historically, Cakovecki Mlinovi DD's 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 5.00, Cakovecki Mlinovi DD 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. Cakovecki Mlinovi DD'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 Cakovecki Mlinovi DD 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. Cakovecki Mlinovi DD'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 Cakovecki Mlinovi DD stock overvalued right now?
Based on GuruFocus' analysis, Cakovecki Mlinovi DD (ZAG:CKML) is currently considered Possible Value Trap. The stock's GF Value™ is €18.98, compared to a current price of €10.90 — trading 42.6% 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 20% above the Consumer Packaged Goods industry median of 5.00. Cakovecki Mlinovi DD's overall GF Score™ is 87/100 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 Cakovecki Mlinovi DD (ZAG:CKML), the current Piotroski F-Score is 6 as of Jul. 15, 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 Cakovecki Mlinovi DD (ZAG:CKML) Overvalued in 2026?
Based on GuruFocus' analysis, Cakovecki Mlinovi DD stock appears to be undervalued.
The current stock price of €10.90 is trading 42.6% below its estimated GF Value™ of €18.98.
GuruFocus considers Cakovecki Mlinovi DD to be Possible Value Trap.
Key valuation signals for ZAG:CKML:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: €18.98 vs. price of €10.90 (42.6% below fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#513 of 1910)
No single metric tells the full story. See the ZAG:CKML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cakovecki Mlinovi DD is engaged in production and trade of food products. The company's activity includes milling, bakery, and pumpkin oil production. Some of its products are frozen puff pastry, tea biscuits, steamed white bread, wheat white bread, mini pizza, chocolate croissant, walnut loaf cake, cheese cornbread, and others. The company has two segments: Trade which includes retail and wholesale of food and non-food assortment and Food which includes the production of mill and bakery products and oil, out of which maximum revenue is derived from Trade segment.
87GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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