Beijing Media (HKSE:01000) Beneish M-Score: -3.44 (As of Aug. 28, 2026)

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HKSE:01000 Beijing Media Corp Ltd HKSE:01000
29 GF Score
Price HK$0.45
GF Value HK$0.34
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Beijing Media Beneish M-Score?

Beijing Media HKSE:01000 29 Beneish M-Score is -3.44 as of Aug. 28, 2026. GuruFocus rates HKSE:01000 with a GF Score™ of 29/100 and a GF Value™ of HK$0.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 973 Media - Diversified companies, Beijing Media ranks better than 85.51% 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 -3.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01000' s Beneish M-Score Range Over the Past 10 Years
Min: -13.03   Med: -3.44   Max: 0.1
Current: -3.44

During the past 13 years, the highest Beneish M-Score of Beijing Media was 0.10. The lowest was -13.03. And the median was -3.44.


Beijing Media Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Beijing Media'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.

Beijing Media Beneish M-Score Chart

Beijing Media Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.43 -13.03 -2.66 -4.27 -3.44

Beijing Media 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 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 -2.66 0.00 -4.27 0.00 -3.44

HKSE:01000 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Advertising Agencies subindustry, Beijing Media'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.


Beijing Media Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Beijing Media's Beneish M-Score distribution charts can be found below:

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


HKSE:01000
29GF Score
Beijing Media Corp Ltd HKSE:01000
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing Media 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 Beijing Media 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 * 0.988+0.528 * 0.1473+0.404 * 1.1178+0.892 * 0.7519+0.115 * 0.7303
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9644+4.679 * -0.042904-0.327 * 1.2921
=-3.44

* 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$38.0 Mil.
Revenue was HK$145.1 Mil.
Gross Profit was HK$-23.9 Mil.
Total Current Assets was HK$263.5 Mil.
Total Assets was HK$761.1 Mil.
Property, Plant and Equipment(Net PPE) was HK$1.5 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3.4 Mil.
Selling, General, & Admin. Expense(SGA) was HK$20.6 Mil.
Total Current Liabilities was HK$87.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Net Income was HK$-80.5 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$-47.8 Mil.
Total Receivables was HK$51.2 Mil.
Revenue was HK$192.9 Mil.
Gross Profit was HK$-4.7 Mil.
Total Current Assets was HK$314.2 Mil.
Total Assets was HK$761.0 Mil.
Property, Plant and Equipment(Net PPE) was HK$3.0 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3.1 Mil.
Selling, General, & Admin. Expense(SGA) was HK$28.4 Mil.
Total Current Liabilities was HK$67.4 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)
=(38.031 / 145.075) / (51.193 / 192.943)
=0.262147 / 0.265327
=0.988

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)
=(-4.691 / 192.943) / (-23.939 / 145.075)
=-0.024313 / -0.165011
=0.1473

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 - (263.527 + 1.49) / 761.087) / (1 - (314.231 + 3.013) / 760.986)
=0.651791 / 0.583115
=1.1178

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
=145.075 / 192.943
=0.7519

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))
=(3.085 / (3.085 + 3.013)) / (3.359 / (3.359 + 1.49))
=0.505904 / 0.69272
=0.7303

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)
=(20.625 / 145.075) / (28.443 / 192.943)
=0.142168 / 0.147417
=0.9644

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 + 87.083) / 761.087) / ((0 + 67.389) / 760.986)
=0.114419 / 0.088555
=1.2921

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
=(-80.452 - 0 - -47.798) / 761.087
=-0.042904

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.

Beijing Media has a M-score of -3.44 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 -3.44 mean?
Beijing Media (HKSE:01000) has a Beneish M-Score of -3.44 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beijing Media and its competitors. According to the industry distribution chart, Beijing Media ranks #141 out of 973 companies in the Media - Diversified industry, placing it in the top 14.5%.
Is Beijing Media's Beneish M-Score too high?
Beijing Media's current Beneish M-Score is -3.44. Based on the distribution chart, Beijing Media ranks #141 out of 973 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Beijing Media has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beijing Media's Beneish M-Score compare to LIN and SHW?
According to the Media - Diversified industry distribution chart, Beijing Media ranks #141 out of 973 companies for Beneish M-Score. This places Beijing Media in the top 15% of its industry — outperforming the majority of peers. 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Beijing Media and its competitors. Beijing Media's current Beneish M-Score is -3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Media stock overvalued right now?
Based on GuruFocus' analysis, Beijing Media (HKSE:01000) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.34, compared to a current price of HK$0.45 — trading 32.4% above its estimated fair value. The current Beneish M-Score is -3.44. Beijing Media's overall GF Score™ is 29/100 with 3 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 Beijing Media (HKSE:01000), the current Beneish M-Score is -3.44 as of Aug. 28, 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 Beijing Media (HKSE:01000) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Media stock appears to be overvalued. The current stock price of HK$0.45 is trading 32.4% above its estimated GF Value™ of HK$0.34. GuruFocus considers Beijing Media to be Significantly Overvalued.

Key valuation signals for HKSE:01000:

  • Beneish M-Score: -3.44
  • GF Value™: HK$0.34 vs. price of HK$0.45 (32.4% above fair value)
  • GF Score™: 29/100 with 3 warning signs

No single metric tells the full story. See the HKSE:01000 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijing Media Business Description

Address 148 Connaught Road Central, 10th Floor, Guangdong Investment Tower, Hong Kong, HKG
Beijing Media Corp Ltd is principally engaged in the provision of the sales of multi-interface convergence media advertising, sales of cultural annual pass, cultural and sports event operations, event planning, new media operation and maintenance, printing and trading of printing-related materials and youth student travel services in the PRC. It operates through the following segments: Advertising, Printing, and Trading of Print-related Material. The company generates maximum revenue from the Advertising segment which provides Comprehensive services including the sales of multi-interface convergence media advertising, culture annual pass sales, the operation of cultural and sports events, event planning, new media operation and maintenance.
29GF Score

Get the complete analysis for HKSE:01000

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

HK$0.45
Price
HK$0.34
GF Value