Fenbo Holdings Limited
FEBO Technology Consumer Electronics
Fenbo Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $10.9 million, down 36.3% from fiscal 2024.
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Fenbo Holdings Limited (FEBO) Piotroski F-score
Fenbo Holdings Limited's Piotroski F-score for fiscal 2025 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 5 | 3.00 |
| FY2024 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (12.66%) | (15.57%) | Fail | 0 |
| Positive operating cash flow | 204.00k | (2.75m) | Pass | 1 |
| Rising return on assets | (12.66%) | (15.57%) | Pass | 1 |
| Cash flow above net income | 1.57m | (755.00k) | Pass | 1 |
| Falling long-term leverage | 0.08 | 0.10 | Pass | 1 |
| Rising current ratio | 2.07 | 1.93 | Pass | 1 |
| No new shares issued | 11,063,000 | 11,060,000 | Fail | 0 |
| Rising gross margin | 12.86% | 18.68% | Fail | 0 |
| Rising asset turnover | 1.01 | 1.34 | Fail | 0 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| KOSS Koss Corporation compare | 6 |
| GMEX Fitell Corporation compare | 5 |
| FEBO Fenbo Holdings Limited | 5 |
| ZEPP Zepp Health Corporation Sponsored ADR compare | 5 |
| MSN Emerson Radio Corporation compare | 4 |
| BOXL Boxlight Corporation compare | 3 |
| WLDS Wearable Devices Ltd. compare | 3 |
| FOXX Foxx Development Holdings Inc. compare | 2 |
| RIME Algorhythm Holdings, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover