BOCOM International Holdings Co (FRA:597) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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FRA:597 BOCOM International Holdings Co Ltd FRA:597
27 GF Score
Price €0.05
! 1 Warning Sign
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What is BOCOM International Holdings Co Beneish M-Score?

BOCOM International Holdings Co FRA:597 -3.57% 27 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates FRA:597 with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 85 Diversified Financial Services companies, BOCOM International Holdings Co ranks worse than 1176469.41% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for BOCOM International Holdings Co's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of BOCOM International Holdings Co was -1.02. The lowest was -2.76. And the median was -2.02.

FRA:597
27GF Score
BOCOM International Holdings Co Ltd FRA:597
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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BOCOM International Holdings Co Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of BOCOM International Holdings Co for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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:
Total Receivables was €0.00 Mil.
Revenue was €57.09 Mil.
Gross Profit was €57.09 Mil.
Total Current Assets was €0.00 Mil.
Total Assets was €1,645.06 Mil.
Property, Plant and Equipment(Net PPE) was €11.92 Mil.
Depreciation, Depletion and Amortization(DDA) was €11.57 Mil.
Selling, General, & Admin. Expense(SGA) was €7.62 Mil.
Total Current Liabilities was €0.00 Mil.
Long-Term Debt & Capital Lease Obligation was €1,087.49 Mil.
Net Income was €-29.17 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-42.06 Mil.
 Total Receivables was €0.00 Mil.
Revenue was €-40.06 Mil.
Gross Profit was €-40.06 Mil.
Total Current Assets was €0.00 Mil.
Total Assets was €1,783.26 Mil.
Property, Plant and Equipment(Net PPE) was €24.93 Mil.
Depreciation, Depletion and Amortization(DDA) was €14.93 Mil.
Selling, General, & Admin. Expense(SGA) was €9.47 Mil.
Total Current Liabilities was €0.00 Mil.
Long-Term Debt & Capital Lease Obligation was €1,030.88 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0 / 57.088) / (0 / -40.055)
=0 /
=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(-40.055 / -40.055) / (57.088 / 57.088)
= / 1
=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 11.916) / 1645.061) / (1 - (0 + 24.926) / 1783.259)
=0.992756 / 0.986022
=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=57.088 / -40.055
=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(14.933 / (14.933 + 24.926)) / (11.572 / (11.572 + 11.916))
=0.374646 / 0.492677
=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(7.615 / 57.088) / (9.471 / -40.055)
=0.133391 /
=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((1087.485 + 0) / 1645.061) / ((1030.881 + 0) / 1783.259)
=0.661061 / 0.578088
=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-29.174 - 0 - -42.056) / 1645.061
=0.007831

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
BOCOM International Holdings Co (FRA:597) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BOCOM International Holdings Co and its competitors. According to the industry distribution chart, BOCOM International Holdings Co ranks #999999 out of 85 companies in the Diversified Financial Services industry.
Is BOCOM International Holdings Co's Beneish M-Score too high?
BOCOM International Holdings Co's current Beneish M-Score is 0.00. Based on the distribution chart, BOCOM International Holdings Co ranks #999999 out of 85 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, BOCOM International Holdings Co has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does BOCOM International Holdings Co's Beneish M-Score compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, BOCOM International Holdings Co ranks #999999 out of 85 companies for Beneish M-Score. This places BOCOM International Holdings Co in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Diversified Financial Services company?
A good Beneish M-Score depends on the Diversified Financial Services industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BOCOM International Holdings Co and its competitors. BOCOM International Holdings Co's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOCOM International Holdings Co stock overvalued right now?
BOCOM International Holdings Co (FRA:597) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. BOCOM International Holdings Co's overall GF Score™ is 27/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For BOCOM International Holdings Co (FRA:597), the current Beneish M-Score is 0.00 as of Jul. 27, 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.

BOCOM International Holdings Co Business Description

Other Exchanges 03329:Hong Kong
Address 68 Des Voeux Road Central, 9th Floor, Man Yee Building, Hong Kong, HKG
BOCOM International Holdings Co Ltd engages in securities brokerage, margin financing, corporate finance and underwriting, investment and loans, asset management, and advisory businesses. The regulated activities carried out by the company's licensed subsidiaries include dealing in securities and futures and advising on securities and futures contracts, providing securities margin financing, advising on corporate finance, and providing asset management services. Its segments include Brokerage, Corporate finance and underwriting, Asset management and advisory, Margin financing, Investment and loans, and Others. The investment and loans segment derives the majority of the revenue, engages in direct investment business, including investments in various debt and equity securities.
27GF Score

Get the complete analysis for FRA:597

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

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