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Sinomax GroupHKSE:01418 +3.33%50 Beneish M-Score is -2.28 as of Jul. 25, 2026. GuruFocus rates HKSE:01418 with a GF Score™ of 50/100 and a GF Value™ of HK$0.24 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 417 Furnishings, Fixtures & Appliances companies, Sinomax Group ranks worse than 71.46% 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 -2.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sinomax Group's Beneish M-Score or its related term are showing as below:
HKSE:01418'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.25 Med: -2.4 Max: -1.36
Current: -2.28
During the past 13 years, the highest Beneish M-Score of Sinomax Group was -1.36. The lowest was -4.25. And the median was -2.40.
Sinomax Group Beneish M-Score Related Terms
Sinomax Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Sinomax Group'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.
HKSE:01418 vs SN, SGI, MHK: Beneish M-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Sinomax Group'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.
Sinomax Group Beneish M-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sinomax Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sinomax Group's Beneish M-Score falls into.
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 Sinomax Group 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 * 1.1233
+
0.528 * 1.0904
+
0.404 * 1.4146
+
0.892 * 1.148
+
0.115 * 0.8553
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0299
+
4.679 * -0.045235
-
0.327 * 1.0977
=
-2.28
* 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.
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.
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))
=
(159.681 / (159.681 + 697.8))
/
(192.876 / (192.876 + 692.989))
=
0.186221
/
0.217726
=
0.8553
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
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
=
(60.3 - 0
-
207.045)
/
3244.028
=
-0.045235
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.
Sinomax Group has a M-score of -2.28 suggests that the company is unlikely to be a manipulator.
Sinomax Group (HKSE:01418) has a Beneish M-Score of -2.28 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sinomax Group and its competitors. According to the industry distribution chart, Sinomax Group ranks #298 out of 417 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 71.5%.
Is Sinomax Group's Beneish M-Score too high?
Sinomax Group's current Beneish M-Score is -2.28. Based on the distribution chart, Sinomax Group ranks #298 out of 417 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Sinomax Group has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sinomax Group's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sinomax Group ranks #298 out of 417 companies for Beneish M-Score. This places Sinomax Group 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Sinomax Group and its competitors. Sinomax Group's current Beneish M-Score is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinomax Group stock overvalued right now?
Based on GuruFocus' analysis, Sinomax Group (HKSE:01418) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.16 — trading 35.4% below its estimated fair value. The current Beneish M-Score is -2.28. Sinomax Group's overall GF Score™ is 50/100 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 Sinomax Group (HKSE:01418), the current Beneish M-Score is -2.28 as of Jul. 25, 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 Sinomax Group (HKSE:01418) Overvalued in 2026?
Based on GuruFocus' analysis, Sinomax Group stock appears to be undervalued.
The current stock price of HK$0.16 is trading 35.4% below its estimated GF Value™ of HK$0.24.
GuruFocus considers Sinomax Group to be Significantly Undervalued.
Key valuation signals for HKSE:01418:
Beneish M-Score: -2.28
GF Value™: HK$0.24 vs. price of HK$0.16 (35.4% below fair value)
No single metric tells the full story. See the HKSE:01418 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinomax Group Ltd is an investment holding company and is engaged in the manufacturing and marketing of visco-elastic health and wellness products globally. It focuses on the business of manufacture and sale of health and household products including visco-elastic pillows, mattress toppers and mattresses, and polyurethane foam, of which a majority of the revenue is generated from health and household products. Its operating segment consists of the China market, the North American market, Europe and another overseas market, and the majority of the revenue comes from the China market. Its own brands are Sinomax, Dream Serenity and others.
50GF Score
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