Karrie International Holdings (HKSE:01050) Beneish M-Score: -2.13 (As of Aug. 11, 2026)

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HKSE:01050 Karrie International Holdings Ltd HKSE:01050
55 GF Score
Price HK$1.89
GF Value HK$0.88
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Karrie International Holdings Beneish M-Score?

Karrie International Holdings HKSE:01050 -2.84% 55 Beneish M-Score is -2.13 as of Aug. 11, 2026. GuruFocus rates HKSE:01050 with a GF Score™ of 55/100 and a GF Value™ of HK$0.88 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,906 Industrial Products companies, Karrie International Holdings ranks worse than 72.09% 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 -2.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01050' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81   Med: -2.28   Max: -1.47
Current: -2.13

During the past 13 years, the highest Beneish M-Score of Karrie International Holdings was -1.47. The lowest was -2.81. And the median was -2.28.


Karrie International Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Karrie International 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.

Karrie International Holdings Beneish M-Score Chart

Karrie International 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 -2.25 -2.79 -2.74 -2.72 -2.13

Karrie International 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 -2.74 0.00 -2.72 0.00 -2.13

HKSE:01050 vs CRS, ATI, MLI: Beneish M-Score Comparison

For the Metal Fabrication subindustry, Karrie International 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.


Karrie International Holdings Beneish M-Score vs Industrial Products Industry

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

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


HKSE:01050
55GF Score
Karrie International Holdings Ltd HKSE:01050
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karrie International 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 Karrie International 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 * 1.2876+0.528 * 0.8898+0.404 * 0.6801+0.892 * 1.0737+0.115 * 1.144
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2075+4.679 * 0.044539-0.327 * 0.9319
=-2.13

* 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$959 Mil.
Revenue was HK$3,470 Mil.
Gross Profit was HK$570 Mil.
Total Current Assets was HK$1,978 Mil.
Total Assets was HK$3,227 Mil.
Property, Plant and Equipment(Net PPE) was HK$980 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$111 Mil.
Selling, General, & Admin. Expense(SGA) was HK$193 Mil.
Total Current Liabilities was HK$1,469 Mil.
Long-Term Debt & Capital Lease Obligation was HK$257 Mil.
Net Income was HK$271 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$127 Mil.
Total Receivables was HK$694 Mil.
Revenue was HK$3,231 Mil.
Gross Profit was HK$472 Mil.
Total Current Assets was HK$1,391 Mil.
Total Assets was HK$2,533 Mil.
Property, Plant and Equipment(Net PPE) was HK$831 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$110 Mil.
Selling, General, & Admin. Expense(SGA) was HK$149 Mil.
Total Current Liabilities was HK$1,182 Mil.
Long-Term Debt & Capital Lease Obligation was HK$271 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)
=(959.37 / 3469.567) / (693.927 / 3231.329)
=0.27651 / 0.21475
=1.2876

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)
=(472.076 / 3231.329) / (569.659 / 3469.567)
=0.146093 / 0.164187
=0.8898

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 - (1978.048 + 979.744) / 3227.316) / (1 - (1390.939 + 830.774) / 2532.706)
=0.083513 / 0.122791
=0.6801

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
=3469.567 / 3231.329
=1.0737

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))
=(109.77 / (109.77 + 830.774)) / (111.303 / (111.303 + 979.744))
=0.116709 / 0.102015
=1.144

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)
=(192.786 / 3469.567) / (148.698 / 3231.329)
=0.055565 / 0.046018
=1.2075

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)
=((256.871 + 1468.673) / 3227.316) / ((271.371 + 1181.734) / 2532.706)
=0.534668 / 0.573736
=0.9319

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
=(270.883 - 0 - 127.141) / 3227.316
=0.044539

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.

Karrie International Holdings has a M-score of -2.13 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 -2.13 mean?
Karrie International Holdings (HKSE:01050) has a Beneish M-Score of -2.13 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Karrie International Holdings and its competitors. According to the industry distribution chart, Karrie International Holdings ranks #2095 out of 2906 companies in the Industrial Products industry, placing it in the top 72.1%.
Is Karrie International Holdings' Beneish M-Score too high?
Karrie International Holdings' current Beneish M-Score is -2.13. Based on the distribution chart, Karrie International Holdings ranks #2095 out of 2906 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Karrie International Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Karrie International Holdings' Beneish M-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Karrie International Holdings ranks #2095 out of 2906 companies for Beneish M-Score. This places Karrie International 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 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 Karrie International Holdings and its competitors. Karrie International Holdings's current Beneish M-Score is -2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karrie International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Karrie International Holdings (HKSE:01050) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.88, compared to a current price of HK$1.89 — trading 114.2% above its estimated fair value. The current Beneish M-Score is -2.13. Karrie International Holdings' overall GF Score™ is 55/100 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 Karrie International Holdings (HKSE:01050), the current Beneish M-Score is -2.13 as of Aug. 11, 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 Karrie International Holdings (HKSE:01050) Overvalued in 2026?

Based on GuruFocus' analysis, Karrie International Holdings stock appears to be overvalued. The current stock price of HK$1.89 is trading 114.2% above its estimated GF Value™ of HK$0.88. GuruFocus considers Karrie International Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01050:

  • Beneish M-Score: -2.13
  • GF Value™: HK$0.88 vs. price of HK$1.89 (114.2% above fair value)
  • GF Score™: 55/100 with 3 warning signs

No single metric tells the full story. See the HKSE:01050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Karrie International Holdings Business Description

Address 611-619 Castle Peak Road, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG
Karrie International Holdings Ltd is an investment holding company. The group is principally engaged in the manufacturing and selling of metal and plastic products. It is organized into two main operating segments; Metal and Plastic Business, and Electronic Manufacturing Services Business. The majority of its revenue is derived from the Metal and Plastic Business segment which provides services like metal stamping, plastic injection, and mould design and production among others. Geographically, it derives maximum revenue from Hong Kong and also has a presence in Japan; Mainland China, Asia (excluding Japan, Hong Kong, and Mainland China); North America, and Western Europe.
55GF Score

Get the complete analysis for HKSE:01050

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

HK$1.89
Price
HK$0.88
GF Value