Ming Yuan Cloud Group Holdings (HKSE:00909) Beneish M-Score: -2.10 (As of Jul. 02, 2026)


HKSE:00909 Ming Yuan Cloud Group Holdings Ltd HKSE:00909
65 GF Score
Price HK$1.29
GF Value HK$2.59
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Ming Yuan Cloud Group Holdings Beneish M-Score?

Ming Yuan Cloud Group Holdings HKSE:00909 +4.03% 65 Beneish M-Score is -2.10 as of Jul. 02, 2026. GuruFocus rates HKSE:00909 with a GF Score™ of 65/100 and a GF Value™ of HK$2.59 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,631 Software companies, Ming Yuan Cloud Group Holdings ranks worse than 73.43% 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 -2.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:00909' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.29   Max: -0.96
Current: -2.1

During the past 9 years, the highest Beneish M-Score of Ming Yuan Cloud Group Holdings was -0.96. The lowest was -2.89. And the median was -2.29.

Ming Yuan Cloud Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ming Yuan Cloud 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.

Ming Yuan Cloud Group Holdings Beneish M-Score Chart

Ming Yuan Cloud Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -0.96 -2.29 -2.89 -2.16 -2.10

Ming Yuan Cloud Group Holdings Semi-Annual Data
Dec17 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 -2.89 0.00 -2.16 0.00 -2.10

HKSE:00909 vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Ming Yuan Cloud 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.

Ming Yuan Cloud Group Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Ming Yuan Cloud Group Holdings's Beneish M-Score distribution charts can be found below:

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


HKSE:00909
65GF Score
Ming Yuan Cloud Group Holdings Ltd HKSE:00909
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ming Yuan Cloud 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 Ming Yuan Cloud 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 * 1.4008+0.528 * 0.9807+0.404 * 1.3296+0.892 * 0.9259+0.115 * 1.023
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8459+4.679 * -0.009783-0.327 * 1.0886
=-2.10

* 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$253 Mil.
Revenue was HK$1,418 Mil.
Gross Profit was HK$1,112 Mil.
Total Current Assets was HK$3,924 Mil.
Total Assets was HK$5,645 Mil.
Property, Plant and Equipment(Net PPE) was HK$202 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$70 Mil.
Selling, General, & Admin. Expense(SGA) was HK$838 Mil.
Total Current Liabilities was HK$805 Mil.
Long-Term Debt & Capital Lease Obligation was HK$16 Mil.
Net Income was HK$34 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$89 Mil.
 Total Receivables was HK$195 Mil.
Revenue was HK$1,532 Mil.
Gross Profit was HK$1,177 Mil.
Total Current Assets was HK$4,392 Mil.
Total Assets was HK$5,817 Mil.
Property, Plant and Equipment(Net PPE) was HK$248 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$88 Mil.
Selling, General, & Admin. Expense(SGA) was HK$1,070 Mil.
Total Current Liabilities was HK$731 Mil.
Long-Term Debt & Capital Lease Obligation was HK$46 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)
=(252.988 / 1418.458) / (195.051 / 1531.915)
=0.178354 / 0.127325
=1.4008

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)
=(1177.342 / 1531.915) / (1111.591 / 1418.458)
=0.768543 / 0.783662
=0.9807

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 - (3923.742 + 201.76) / 5644.919) / (1 - (4392.01 + 247.548) / 5817.203)
=0.269165 / 0.202442
=1.3296

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
=1418.458 / 1531.915
=0.9259

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))
=(87.967 / (87.967 + 247.548)) / (69.524 / (69.524 + 201.76))
=0.262185 / 0.256278
=1.023

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)
=(837.712 / 1418.458) / (1069.535 / 1531.915)
=0.590579 / 0.698169
=0.8459

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)
=((16.47 + 804.815) / 5644.919) / ((46.499 + 730.974) / 5817.203)
=0.145491 / 0.133651
=1.0886

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
=(33.77 - 0 - 88.993) / 5644.919
=-0.009783

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.

Ming Yuan Cloud Group Holdings has a M-score of -2.10 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 -2.10 mean?
Ming Yuan Cloud Group Holdings (HKSE:00909) has a Beneish M-Score of -2.10 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ming Yuan Cloud Group Holdings and its competitors. According to the industry distribution chart, Ming Yuan Cloud Group Holdings ranks #1932 out of 2631 companies in the Software industry, placing it in the top 73.4%.
Is Ming Yuan Cloud Group Holdings' Beneish M-Score too high?
Ming Yuan Cloud Group Holdings' current Beneish M-Score is -2.10. Based on the distribution chart, Ming Yuan Cloud Group Holdings ranks #1932 out of 2631 companies in the Software industry, which is below the industry midpoint. Overall, Ming Yuan Cloud Group Holdings has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ming Yuan Cloud Group Holdings' Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Ming Yuan Cloud Group Holdings ranks #1932 out of 2631 companies for Beneish M-Score. This places Ming Yuan Cloud Group 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 Software company?
A good Beneish M-Score depends on the Software 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 Ming Yuan Cloud Group Holdings and its competitors. Ming Yuan Cloud Group Holdings's current Beneish M-Score is -2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ming Yuan Cloud Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ming Yuan Cloud Group Holdings (HKSE:00909) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.59, compared to a current price of HK$1.29 — trading 50.2% below its estimated fair value. The current Beneish M-Score is -2.10. Ming Yuan Cloud Group Holdings' overall GF Score™ is 65/100 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 Ming Yuan Cloud Group Holdings (HKSE:00909), the current Beneish M-Score is -2.10 as of Jul. 02, 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 Ming Yuan Cloud Group Holdings (HKSE:00909) Overvalued in 2026?

Based on GuruFocus' analysis, Ming Yuan Cloud Group Holdings stock appears to be undervalued. The current stock price of HK$1.29 is trading 50.2% below its estimated GF Value™ of HK$2.59. GuruFocus considers Ming Yuan Cloud Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00909:

  • Beneish M-Score: -2.10
  • GF Value™: HK$2.59 vs. price of HK$1.29 (50.2% below fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the HKSE:00909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ming Yuan Cloud Group Holdings Business Description

Address 16 Gaoxin South 10th Road, 3-13 th Floor & 17th Floor, 801, Tower A, Gemdale Viseen Tower, Gaoxin Community, Yuehai Subdistrict, Nanshan District, Guangdong Province, Shenzhen, CHN
Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade Cloud based ERP solutions, and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants, such as procurement, construction, sales, marketing, property asset management, and other property related operations, to streamline and digitalize their business operations. It generates maximum revenue from the SaaS services.
65GF Score

Get the complete analysis for HKSE:00909

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

HK$1.29
Price
HK$2.59
GF Value