Perennial International (HKSE:00725) Beneish M-Score: -2.73 (As of Jul. 21, 2026)

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Perennial International Ltd HKSE:00725

51 GF Score

Price HK$0.96

GF Value HK$0.79

Valuation Modestly Overvalued

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What is Perennial International Beneish M-Score?

Perennial International HKSE:00725 -1.03% 51 Beneish M-Score is -2.73 as of Jul. 21, 2026. GuruFocus rates HKSE:00725 with a GF Score™ of 51/100 and a GF Value™ of HK$0.79 (Modestly Overvalued). Among 2,909 Industrial Products companies, Perennial International ranks better than 74.42% 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 -2.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:00725' s Beneish M-Score Range Over the Past 10 Years
Min: -2.98 Med: -2.56 Max: -2.18
Current: -2.73

During the past 13 years, the highest Beneish M-Score of Perennial International was -2.18. The lowest was -2.98. And the median was -2.56.

Perennial International Beneish M-Score Related Terms

Perennial International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Perennial International'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.

Perennial International Beneish M-Score Chart

Perennial International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.26

-2.82

-2.49

-2.42

-2.73

Perennial International 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															-2.49	0.00	-2.42	0.00	-2.73

HKSE:00725 vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Perennial International'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.

Perennial International Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Perennial International's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Perennial International's Beneish M-Score falls into.

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51GF Score

Perennial International Ltd HKSE:00725

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Perennial International 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 Perennial International for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.8838

0.528 * 0.9674

0.404 * 0.857

0.892 * 1.2044

0.115 * 1.0005

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.82

4.679 * -0.041079

0.327 * 1.2577

-2.73

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was HK$92.7 Mil.
Revenue was HK$395.7 Mil.
Gross Profit was HK$117.5 Mil.
Total Current Assets was HK$337.6 Mil.
Total Assets was HK$541.9 Mil.
Property, Plant and Equipment(Net PPE) was HK$102.1 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$8.4 Mil.
Selling, General, & Admin. Expense(SGA) was HK$66.9 Mil.
Total Current Liabilities was HK$77.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Net Income was HK$31.2 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$53.4 Mil.

Total Receivables was HK$87.0 Mil.
Revenue was HK$328.6 Mil.
Gross Profit was HK$94.4 Mil.
Total Current Assets was HK$277.5 Mil.
Total Assets was HK$496.0 Mil.
Property, Plant and Equipment(Net PPE) was HK$109.3 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$9.0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$67.8 Mil.
Total Current Liabilities was HK$56.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 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)
	=	(92.654 / 395.74)	/	(87.047 / 328.578)
	=	0.234128	/	0.26492
	=	0.8838

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)
	=	(94.409 / 328.578)	/	(117.538 / 395.74)
	=	0.287326	/	0.297008
	=	0.9674

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 - (337.603 + 102.126) / 541.911)	/	(1 - (277.503 + 109.348) / 495.982)
	=	0.188559	/	0.22003
	=	0.857

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
	=	395.74	/	328.578
	=	1.2044

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))
	=	(8.982 / (8.982 + 109.348))	/	(8.384 / (8.384 + 102.126))
	=	0.075906	/	0.075866
	=	1.0005

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)
	=	(66.939 / 395.74)	/	(67.776 / 328.578)
	=	0.169149	/	0.206271
	=	0.82

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)
	=	((0 + 77.263) / 541.911)	/	((0 + 56.226) / 495.982)
	=	0.142575	/	0.113363
	=	1.2577

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
	=	(31.186 - 0	-	53.447)	/	541.911
	=	-0.041079

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.

Perennial International has a M-score of -2.73 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 -2.73 mean?

Perennial International (HKSE:00725) has a Beneish M-Score of -2.73 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Perennial International and its competitors. According to the industry distribution chart, Perennial International ranks #744 out of 2909 companies in the Industrial Products industry, placing it in the top 25.6%.

Is Perennial International's Beneish M-Score too high?

Perennial International's current Beneish M-Score is -2.73. Based on the distribution chart, Perennial International ranks #744 out of 2909 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Perennial International has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Perennial International's Beneish M-Score compare to VRT and BE?

According to the Industrial Products industry distribution chart, Perennial International ranks #744 out of 2909 companies for Beneish M-Score. This puts Perennial International 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 an Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 Perennial International and its competitors. Perennial International's current Beneish M-Score is -2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Perennial International stock overvalued right now?

Based on GuruFocus' analysis, Perennial International (HKSE:00725) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.79, compared to a current price of HK$0.96 — trading 21.5% above its estimated fair value. The current Beneish M-Score is -2.73. Perennial International's overall GF Score™ is 51/100. 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 Perennial International (HKSE:00725), the current Beneish M-Score is -2.73 as of Jul. 21, 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 Perennial International (HKSE:00725) Overvalued in 2026?

Based on GuruFocus' analysis, Perennial International stock appears to be overvalued. The current stock price of HK$0.96 is trading 21.5% above its estimated GF Value™ of HK$0.79. GuruFocus considers Perennial International to be Modestly Overvalued.

Key valuation signals for HKSE:00725:

Beneish M-Score: -2.73
GF Value™: HK$0.79 vs. price of HK$0.96 (21.5% above fair value)
GF Score™: 51/100

No single metric tells the full story. See the HKSE:00725 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Perennial International Business Description

Industry Industrials Industrial Products

Comparable Companies HKSE:02188 HKSE:01750 HKSE:08132 HKSE:01710 HKSE:08136 HKSE:03919 HKSE:01166 HKSE:08623 HKSE:08328 HKSE:00320 SZSE:300750 XSWX:ABBN VRT BKK:DELTA TSE:6503 BE XKRX:373220 MIL:PRY SZSE:300274 XPAR:LR

Address No. 1 Science Museum Road, Units 2004-06, 20th Floor, Greenfield Tower, Concordia Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website https://perennial.todayir.com

Perennial International Ltd is investment holding. Its subsidiaries are principally engaged in the manufacturing and trading of electric cable and wire products. Geographically the company generates revenue from Hong Kong, The PRC, America, Vietnam, Japan, and Other countries. The majority of the company's revenue is earned in America.

51GF Score

Get the complete analysis for HKSE:00725

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

HK$0.96

Price

HK$0.79

GF Value

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