Hans Group Holdings (HKSE:00554) Beneish M-Score: -2.54 (As of Jul. 03, 2026)


HKSE:00554 Hans Group Holdings Ltd HKSE:00554
55 GF Score
Price HK$0.20
GF Value HK$1.45
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Hans Group Holdings Beneish M-Score?

Hans Group Holdings HKSE:00554 55 Beneish M-Score is -2.54 as of Jul. 03, 2026. GuruFocus rates HKSE:00554 with a GF Score™ of 55/100 and a GF Value™ of HK$1.45 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 538 Conglomerates companies, Hans Group Holdings ranks better than 56.32% on this metric.

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.

Good Sign:

Beneish M-Score -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:00554' s Beneish M-Score Range Over the Past 10 Years
Min: -4.28   Med: -2.3   Max: 18.15
Current: -2.54

During the past 13 years, the highest Beneish M-Score of Hans Group Holdings was 18.15. The lowest was -4.28. And the median was -2.30.

Hans Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hans Group Holdings's Beneish M-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.

Hans Group Holdings Beneish M-Score Chart

Hans Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.05 -3.41 -3.28 -0.44 -2.54

Hans Group Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-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 -3.28 0.00 -0.44 0.00 -2.54

HKSE:00554 vs HON, MMM: Beneish M-Score Comparison

For the Conglomerates subindustry, Hans Group Holdings's Beneish M-Score, along with its competitors' market caps and Beneish M-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.

Hans Group Holdings Beneish M-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hans Group Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hans Group Holdings's Beneish M-Score falls into.


HKSE:00554
55GF Score
Hans Group Holdings Ltd HKSE:00554
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hans Group Holdings 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 Hans Group Holdings 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 * 0.7455+0.528 * 0.8403+0.404 * 0.9428+0.892 * 2.0388+0.115 * 0.4582
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0687+4.679 * -0.110229-0.327 * 1.1779
=-2.54

* 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 HK$706 Mil.
Revenue was HK$7,240 Mil.
Gross Profit was HK$4,582 Mil.
Total Current Assets was HK$1,665 Mil.
Total Assets was HK$9,838 Mil.
Property, Plant and Equipment(Net PPE) was HK$4,984 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$638 Mil.
Selling, General, & Admin. Expense(SGA) was HK$97 Mil.
Total Current Liabilities was HK$1,879 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4,016 Mil.
Net Income was HK$-162 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$922 Mil.
 Total Receivables was HK$465 Mil.
Revenue was HK$3,551 Mil.
Gross Profit was HK$1,889 Mil.
Total Current Assets was HK$1,216 Mil.
Total Assets was HK$9,870 Mil.
Property, Plant and Equipment(Net PPE) was HK$5,260 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$289 Mil.
Selling, General, & Admin. Expense(SGA) was HK$45 Mil.
Total Current Liabilities was HK$1,764 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3,256 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)
=(706.21 / 7239.879) / (464.64 / 3551.066)
=0.097544 / 0.130845
=0.7455

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)
=(1888.786 / 3551.066) / (4582.451 / 7239.879)
=0.531893 / 0.632946
=0.8403

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 - (1664.685 + 4984.49) / 9838.408) / (1 - (1216.137 + 5260.21) / 9870.154)
=0.324161 / 0.343845
=0.9428

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
=7239.879 / 3551.066
=2.0388

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))
=(288.556 / (288.556 + 5260.21)) / (638.146 / (638.146 + 4984.49))
=0.052004 / 0.113496
=0.4582

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)
=(96.967 / 7239.879) / (44.502 / 3551.066)
=0.013393 / 0.012532
=1.0687

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)
=((4015.651 + 1878.937) / 9838.408) / ((3256.364 + 1763.958) / 9870.154)
=0.59914 / 0.508637
=1.1779

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
=(-162.268 - 0 - 922.208) / 9838.408
=-0.110229

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.

Hans Group Holdings has a M-score of -2.54 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.54 mean?
Hans Group Holdings (HKSE:00554) has a Beneish M-Score of -2.54 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hans Group Holdings and its competitors. According to the industry distribution chart, Hans Group Holdings ranks #235 out of 538 companies in the Conglomerates industry, placing it in the top 43.7%.
Is Hans Group Holdings' Beneish M-Score too high?
Hans Group Holdings' current Beneish M-Score is -2.54. Based on the distribution chart, Hans Group Holdings ranks #235 out of 538 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Hans Group Holdings has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hans Group Holdings' Beneish M-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Hans Group Holdings ranks #235 out of 538 companies for Beneish M-Score. This puts Hans Group Holdings in the upper 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Hans Group Holdings and its competitors. Hans Group Holdings's current Beneish M-Score is -2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hans Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hans Group Holdings (HKSE:00554) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.45, compared to a current price of HK$0.20 — trading 86.2% below its estimated fair value. The current Beneish M-Score is -2.54. Hans Group Holdings' overall GF Score™ is 55/100 with 7 warning signs 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 Hans Group Holdings (HKSE:00554), the current Beneish M-Score is -2.54 as of Jul. 03, 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 Hans Group Holdings (HKSE:00554) Overvalued in 2026?

Based on GuruFocus' analysis, Hans Group Holdings stock appears to be undervalued. The current stock price of HK$0.20 is trading 86.2% below its estimated GF Value™ of HK$1.45. GuruFocus considers Hans Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00554:

  • Beneish M-Score: -2.54
  • GF Value™: HK$1.45 vs. price of HK$0.20 (86.2% below fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the HKSE:00554 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hans Group Holdings Business Description

Address 25 Harbour Road, Unit 2608, 26th Floor, Harbour Centre, Wanchai, Hong Kong, HKG
Hans Group Holdings Ltd is engaged in public transportation services in Hong Kong, provision of media and advertising services, trading of and provision of terminal, storage, warehousing and transshipment services for oil and petrochemical products, and leasing and operating a filling station. Its reporting segments are Trading, Terminal storage, Transportation, media and advertising, and Other. The company derives key revenue from the Transportation, media and advertising segment, which represents the group's provision of public transportation services, media, and advertising services in Hong Kong.
55GF Score

Get the complete analysis for HKSE:00554

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

HK$0.20
Price
HK$1.45
GF Value