China Properties Investment Holdings (HKSE:00736) Beneish M-Score: -1.47 (As of Aug. 16, 2026)

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HKSE:00736 China Properties Investment Holdings Ltd HKSE:00736
29 GF Score
Price HK$0.15
GF Value HK$0.13
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is China Properties Investment Holdings Beneish M-Score?

China Properties Investment Holdings HKSE:00736 -0.67% 29 Beneish M-Score is -1.47 as of Aug. 16, 2026. GuruFocus rates HKSE:00736 with a GF Score™ of 29/100 and a GF Value™ of HK$0.13 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 486 Credit Services companies, China Properties Investment Holdings ranks worse than 70.16% 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.

Warning Sign:

Beneish M-Score -1.47 higher than -1.78, which implies that the company might have manipulated its financial results.

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

HKSE:00736' s Beneish M-Score Range Over the Past 10 Years
Min: -5.8   Med: -2.55   Max: 1.44
Current: -1.47

During the past 13 years, the highest Beneish M-Score of China Properties Investment Holdings was 1.44. The lowest was -5.80. And the median was -2.55.

China Properties Investment Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for China Properties Investment 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.

China Properties Investment Holdings Beneish M-Score Chart

China Properties Investment Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.95 -2.88 -3.64 -3.35 -1.47

China Properties Investment Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -3.64 0.00 -3.35 0.00 -1.47

HKSE:00736 vs V, MA, AXP: Beneish M-Score Comparison

For the Credit Services subindustry, China Properties Investment 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.

China Properties Investment Holdings Beneish M-Score vs Credit Services Industry

For the Credit Services industry and Financial Services sector, China Properties Investment Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where China Properties Investment Holdings's Beneish M-Score falls into.


HKSE:00736
29GF Score
China Properties Investment Holdings Ltd HKSE:00736
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Properties Investment 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 China Properties Investment 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 * 2.2586+0.528 * 0.9719+0.404 * 0.7991+0.892 * 1.179+0.115 * 2.1723
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9274+4.679 * -0.07011-0.327 * 1.1078
=-1.47

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was HK$179.43 Mil.
Revenue was HK$63.11 Mil.
Gross Profit was HK$56.77 Mil.
Total Current Assets was HK$198.37 Mil.
Total Assets was HK$609.56 Mil.
Property, Plant and Equipment(Net PPE) was HK$2.68 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0.92 Mil.
Selling, General, & Admin. Expense(SGA) was HK$16.82 Mil.
Total Current Liabilities was HK$76.86 Mil.
Long-Term Debt & Capital Lease Obligation was HK$120.66 Mil.
Net Income was HK$-74.75 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$-32.02 Mil.
 Total Receivables was HK$67.38 Mil.
Revenue was HK$53.53 Mil.
Gross Profit was HK$46.80 Mil.
Total Current Assets was HK$98.82 Mil.
Total Assets was HK$624.20 Mil.
Property, Plant and Equipment(Net PPE) was HK$1.91 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$2.38 Mil.
Selling, General, & Admin. Expense(SGA) was HK$15.38 Mil.
Total Current Liabilities was HK$82.64 Mil.
Long-Term Debt & Capital Lease Obligation was HK$99.94 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)
=(179.428 / 63.109) / (67.382 / 53.528)
=2.843144 / 1.258818
=2.2586

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)
=(46.798 / 53.528) / (56.769 / 63.109)
=0.874271 / 0.899539
=0.9719

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 - (198.372 + 2.683) / 609.557) / (1 - (98.823 + 1.914) / 624.198)
=0.670162 / 0.838614
=0.7991

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
=63.109 / 53.528
=1.179

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))
=(2.384 / (2.384 + 1.914)) / (0.92 / (0.92 + 2.683))
=0.554677 / 0.255343
=2.1723

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)
=(16.82 / 63.109) / (15.384 / 53.528)
=0.266523 / 0.287401
=0.9274

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)
=((120.655 + 76.857) / 609.557) / ((99.942 + 82.635) / 624.198)
=0.324025 / 0.292499
=1.1078

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
=(-74.754 - 0 - -32.018) / 609.557
=-0.07011

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.

China Properties Investment Holdings has a M-score of -1.47 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 -1.47 mean?
China Properties Investment Holdings (HKSE:00736) has a Beneish M-Score of -1.47 as of Aug. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Properties Investment Holdings and its competitors. According to the industry distribution chart, China Properties Investment Holdings ranks #341 out of 486 companies in the Credit Services industry, placing it in the top 70.2%.
Is China Properties Investment Holdings' Beneish M-Score too high?
China Properties Investment Holdings' current Beneish M-Score is -1.47. Based on the distribution chart, China Properties Investment Holdings ranks #341 out of 486 companies in the Credit Services industry, which is below the industry midpoint. Overall, China Properties Investment Holdings has a GF Score™ of 29/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Properties Investment Holdings' Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, China Properties Investment Holdings ranks #341 out of 486 companies for Beneish M-Score. This places China Properties Investment Holdings 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 Credit Services company?
A good Beneish M-Score depends on the Credit 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 China Properties Investment Holdings and its competitors. China Properties Investment Holdings's current Beneish M-Score is -1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Properties Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Properties Investment Holdings (HKSE:00736) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.13, compared to a current price of HK$0.15 — trading 14.6% above its estimated fair value. The current Beneish M-Score is -1.47. China Properties Investment Holdings' overall GF Score™ is 29/100 with 6 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 China Properties Investment Holdings (HKSE:00736), the current Beneish M-Score is -1.47 as of Aug. 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.

Is China Properties Investment Holdings (HKSE:00736) Overvalued in 2026?

Based on GuruFocus' analysis, China Properties Investment Holdings stock appears to be overvalued. The current stock price of HK$0.15 is trading 14.6% above its estimated GF Value™ of HK$0.13. GuruFocus considers China Properties Investment Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:00736:

  • Beneish M-Score: -1.47
  • GF Value™: HK$0.13 vs. price of HK$0.15 (14.6% above fair value)
  • GF Score™: 29/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00736 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Properties Investment Holdings Business Description

Address 26 Harbour Road, Room 4303, 43rd Floor, China Resources Building, Wanchai, Hong Kong, HKG
China Properties Investment Holdings Ltd is an investment holding company. The business of company operates in two segments that include Properties Investment, which leases investment properties and Money Lending Business, which lends loans and receives interest. The Money Lending business generates maximum revenue for the company. Its geographical segments include Hong Kong, PRC, and other countries, out of which the majority of the revenue is generated from PRC.
29GF Score

Get the complete analysis for HKSE:00736

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

HK$0.15
Price
HK$0.13
GF Value