Planetree International Development (HKSE:00613) Beneish M-Score: 0.00 (As of Jul. 16, 2026)

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HKSE:00613 Planetree International Development Ltd HKSE:00613
28 GF Score
Price HK$4.09
! 5 Warning Signs
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What is Planetree International Development Beneish M-Score?

Planetree International Development HKSE:00613 +2.76% 28 Beneish M-Score is 0.00 as of Jul. 16, 2026. GuruFocus rates HKSE:00613 with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 704 Capital Markets companies, Planetree International Development ranks worse than 142045.31% 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 Planetree International Development's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Planetree International Development was -0.91. The lowest was -2.47. And the median was -2.33.

HKSE:00613
28GF Score
Planetree International Development Ltd HKSE:00613
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Planetree International Development 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 Planetree International Development 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 HK$0.0 Mil.
Revenue was HK$158.8 Mil.
Gross Profit was HK$158.8 Mil.
Total Current Assets was HK$0.0 Mil.
Total Assets was HK$2,323.1 Mil.
Property, Plant and Equipment(Net PPE) was HK$23.2 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$10.3 Mil.
Selling, General, & Admin. Expense(SGA) was HK$55.2 Mil.
Total Current Liabilities was HK$0.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$205.1 Mil.
Net Income was HK$177.6 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$398.9 Mil.
 Total Receivables was HK$0.0 Mil.
Revenue was HK$-115.5 Mil.
Gross Profit was HK$-115.5 Mil.
Total Current Assets was HK$0.0 Mil.
Total Assets was HK$1,866.3 Mil.
Property, Plant and Equipment(Net PPE) was HK$33.4 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$12.2 Mil.
Selling, General, & Admin. Expense(SGA) was HK$52.7 Mil.
Total Current Liabilities was HK$0.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$237.8 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 / 158.776) / (0 / -115.496)
=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)
=(-115.496 / -115.496) / (158.776 / 158.776)
= / 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 + 23.236) / 2323.089) / (1 - (0 + 33.39) / 1866.297)
=0.989998 / 0.982109
=

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
=158.776 / -115.496
=

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))
=(12.229 / (12.229 + 33.39)) / (10.284 / (10.284 + 23.236))
=0.268068 / 0.306802
=

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)
=(55.199 / 158.776) / (52.685 / -115.496)
=0.347653 /
=

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)
=((205.111 + 0) / 2323.089) / ((237.774 + 0) / 1866.297)
=0.088292 / 0.127404
=

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
=(177.641 - 0 - 398.863) / 2323.089
=-0.095228

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?
Planetree International Development (HKSE:00613) has a Beneish M-Score of 0.00 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Planetree International Development and its competitors. According to the industry distribution chart, Planetree International Development ranks #999999 out of 704 companies in the Capital Markets industry.
Is Planetree International Development's Beneish M-Score too high?
Planetree International Development's current Beneish M-Score is 0.00. Based on the distribution chart, Planetree International Development ranks #999999 out of 704 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Planetree International Development has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Planetree International Development's Beneish M-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Planetree International Development ranks #999999 out of 704 companies for Beneish M-Score. This places Planetree International Development 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 Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Planetree International Development and its competitors. Planetree International Development'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 Planetree International Development stock overvalued right now?
Planetree International Development (HKSE:00613) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Planetree International Development's overall GF Score™ is 28/100 with 5 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 Planetree International Development (HKSE:00613), the current Beneish M-Score is 0.00 as of Jul. 16, 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.

Planetree International Development Business Description

Other Exchanges YUIA:Germany
Address 28 Marble Road, North Point, 23rd Floor, China United Centre, Hong Kong, HKG
Planetree International Development Ltd is a Hong Kong-based investment holding company engaged in diversified businesses. Its segments are Financial services, Credit and lending services, Other financial services segment, Property investment and leasing segment, and Tactical and strategic investment segment. It derives the majority of its revenue from the Financial Services segment which engages in the provision of dealing in securities, margin financing services, dealing in futures contracts, advising on corporate finance, and asset management services with Type 1, Type 2, Type 6, Type 8 and Type 9 licenses granted under the SFO and also stepped into the businesses for advising on securities, advising on futures contracts, the provision of automated trading services.
28GF Score

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

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