Datronix Holdings (HKSE:00889) Beneish M-Score: -2.40 (As of Jul. 04, 2026)

What is Datronix Holdings Beneish M-Score?

Datronix Holdings HKSE:00889 -1.72% 36 Beneish M-Score is -2.40 as of Jul. 04, 2026. GuruFocus rates HKSE:00889 with a GF Score™ of 36/100 and a GF Value™ of HK$0.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,405 Hardware companies, Datronix Holdings ranks worse than 55.38% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:00889' s Beneish M-Score Range Over the Past 10 Years
Min: -3.3 Med: -2.64 Max: -1.65
Current: -2.4

During the past 13 years, the highest Beneish M-Score of Datronix Holdings was -1.65. The lowest was -3.30. And the median was -2.64.

Datronix Holdings Beneish M-Score Related Terms

Datronix Holdings Beneish M-Score Historical Data

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The historical data trend for Datronix 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.

Datronix Holdings Beneish M-Score Chart

Datronix Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.64

-1.65

-2.87

-3.30

-2.40

Datronix 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															-2.87	0.00	-3.30	0.00	-2.40

HKSE:00889 vs APH, GLW: Beneish M-Score Comparison

For the Electronic Components subindustry, Datronix 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.

Datronix Holdings Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Datronix Holdings's Beneish M-Score distribution charts can be found below:

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

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36GF Score

Datronix Holdings Ltd HKSE:00889

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

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Datronix 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 Datronix Holdings 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 * 1.2932

0.528 * 0.972

0.404 * 0.9867

0.892 * 1.0002

0.115 * 0.9145

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8403

4.679 * -0.022356

0.327 * 1.2668

-2.40

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was HK$29.6 Mil.
Revenue was HK$183.0 Mil.
Gross Profit was HK$54.9 Mil.
Total Current Assets was HK$260.7 Mil.
Total Assets was HK$755.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$389.3 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$17.1 Mil.
Selling, General, & Admin. Expense(SGA) was HK$71.9 Mil.
Total Current Liabilities was HK$29.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.4 Mil.
Net Income was HK$-24.2 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$-7.3 Mil.

Total Receivables was HK$22.9 Mil.
Revenue was HK$183.0 Mil.
Gross Profit was HK$53.3 Mil.
Total Current Assets was HK$256.3 Mil.
Total Assets was HK$816.3 Mil.
Property, Plant and Equipment(Net PPE) was HK$444.8 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$17.8 Mil.
Selling, General, & Admin. Expense(SGA) was HK$85.6 Mil.
Total Current Liabilities was HK$25.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.4 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)
	=	(29.619 / 182.992)	/	(22.9 / 182.963)
	=	0.16186	/	0.125162
	=	1.2932

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)
	=	(53.329 / 182.963)	/	(54.875 / 182.992)
	=	0.291474	/	0.299876
	=	0.972

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 - (260.718 + 389.254) / 755.175)	/	(1 - (256.335 + 444.752) / 816.342)
	=	0.139309	/	0.141185
	=	0.9867

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
	=	182.992	/	182.963
	=	1.0002

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))
	=	(17.834 / (17.834 + 444.752))	/	(17.133 / (17.133 + 389.254))
	=	0.038553	/	0.042159
	=	0.9145

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)
	=	(71.945 / 182.992)	/	(85.605 / 182.963)
	=	0.393159	/	0.467881
	=	0.8403

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)
	=	((1.376 + 29.649) / 755.175)	/	((1.368 + 25.106) / 816.342)
	=	0.041083	/	0.03243
	=	1.2668

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
	=	(-24.191 - 0	-	-7.308)	/	755.175
	=	-0.022356

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.

Datronix Holdings has a M-score of -2.40 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 -2.40 mean?

Datronix Holdings (HKSE:00889) has a Beneish M-Score of -2.40 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Datronix Holdings and its competitors. According to the industry distribution chart, Datronix Holdings ranks #1332 out of 2405 companies in the Hardware industry, placing it in the top 55.4%.

Is Datronix Holdings' Beneish M-Score too high?

Datronix Holdings' current Beneish M-Score is -2.40. Based on the distribution chart, Datronix Holdings ranks #1332 out of 2405 companies in the Hardware industry, which is below the industry midpoint. Overall, Datronix Holdings has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Datronix Holdings' Beneish M-Score compare to APH and GLW?

According to the Hardware industry distribution chart, Datronix Holdings ranks #1332 out of 2405 companies for Beneish M-Score. This places Datronix 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 Hardware company?

A good Beneish M-Score depends on the Hardware 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 Datronix Holdings and its competitors. Datronix Holdings's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Datronix Holdings stock overvalued right now?

Based on GuruFocus' analysis, Datronix Holdings (HKSE:00889) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.26, compared to a current price of HK$0.57 — trading 119.2% above its estimated fair value. The current Beneish M-Score is -2.40. Datronix Holdings' overall GF Score™ is 36/100 with 2 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 Datronix Holdings (HKSE:00889), the current Beneish M-Score is -2.40 as of Jul. 04, 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 Datronix Holdings (HKSE:00889) Overvalued in 2026?

Based on GuruFocus' analysis, Datronix Holdings stock appears to be overvalued. The current stock price of HK$0.57 is trading 119.2% above its estimated GF Value™ of HK$0.26. GuruFocus considers Datronix Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:00889:

Beneish M-Score: -2.40
GF Value™: HK$0.26 vs. price of HK$0.57 (119.2% above fair value)
GF Score™: 36/100 with 2 warning signs

No single metric tells the full story. See the HKSE:00889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Datronix Holdings Business Description

Industry Technology Hardware

Comparable Companies HKSE:01305 HKSE:08070 HKSE:08073 HKSE:08311 HKSE:00675 HKSE:00532 HKSE:09918 HKSE:01967 HKSE:08113 HKSE:02363 APH GLW TPE:2308 TSE:6981 TPE:2317 XKRX:009150 SZSE:002475 SZSE:002384 TPE:2327 SHSE:600183

Address 499 King’s Road, 19th Floor, North Point Industrial Building, North Point, Hong Kong, HKG

Website http://www.datronixhldgs.com.hk

Datronix Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the design, manufacture, and sale of magnetic components used in consumer electronics, data processing appliances, and healthcare devices. Its products are marketed under the Datatronics brand name. The Group's products are used in consumer electronics, data processing appliances, and other electronics systems for coupling, isolation, filtering, interfacing, and timing control applications. Its product line consists of Transformers, LAN Filter Modules, Digital Delay Modules, Inductors/Chokes, ASDL Transformer, Planar Magnetics, and others. Geographically, the Group generates maximum revenue from the United States, and the rest from the PRC, the European Union, and other countries.

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

HK$0.57

Price

HK$0.26

GF Value

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