Global International Credit Group (HKSE:01669) Beneish M-Score: -3.51 (As of Aug. 14, 2026)

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HKSE:01669 Global International Credit Group Ltd HKSE:01669
43 GF Score
Price HK$1.51
GF Value HK$0.50
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Global International Credit Group Beneish M-Score?

Global International Credit Group HKSE:01669 43 Beneish M-Score is -3.51 as of Aug. 14, 2026. GuruFocus rates HKSE:01669 with a GF Score™ of 43/100 and a GF Value™ of HK$0.50 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 486 Credit Services companies, Global International Credit Group ranks better than 90.74% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -3.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01669' s Beneish M-Score Range Over the Past 10 Years
Min: -3.51   Med: -2.56   Max: -1.82
Current: -3.51

During the past 13 years, the highest Beneish M-Score of Global International Credit Group was -1.82. The lowest was -3.51. And the median was -2.56.

HKSE:01669
43GF Score
Global International Credit Group Ltd HKSE:01669
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Global International Credit Group 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 Global International Credit 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+0.528 * 1+0.404 * 1.0023+0.892 * 0.9184+0.115 * 0.8255
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9669+4.679 * -0.237207-0.327 * 0.4932
=-3.51

* 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$0.00 Mil.
Revenue was HK$84.38 Mil.
Gross Profit was HK$84.38 Mil.
Total Current Assets was HK$0.00 Mil.
Total Assets was HK$953.55 Mil.
Property, Plant and Equipment(Net PPE) was HK$1.99 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$2.74 Mil.
Selling, General, & Admin. Expense(SGA) was HK$8.12 Mil.
Total Current Liabilities was HK$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.77 Mil.
Net Income was HK$52.23 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$278.42 Mil.
 Total Receivables was HK$0.00 Mil.
Revenue was HK$91.88 Mil.
Gross Profit was HK$91.88 Mil.
Total Current Assets was HK$0.00 Mil.
Total Assets was HK$953.73 Mil.
Property, Plant and Equipment(Net PPE) was HK$4.20 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3.84 Mil.
Selling, General, & Admin. Expense(SGA) was HK$9.14 Mil.
Total Current Liabilities was HK$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3.59 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)
=(0 / 84.379) / (0 / 91.876)
=0 / 0
=1

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)
=(91.876 / 91.876) / (84.379 / 84.379)
=1 / 1
=1

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 - (0 + 1.992) / 953.545) / (1 - (0 + 4.202) / 953.731)
=0.997911 / 0.995594
=1.0023

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
=84.379 / 91.876
=0.9184

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))
=(3.842 / (3.842 + 4.202)) / (2.735 / (2.735 + 1.992))
=0.477623 / 0.578591
=0.8255

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)
=(8.117 / 84.379) / (9.141 / 91.876)
=0.096197 / 0.099493
=0.9669

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)
=((1.769 + 0) / 953.545) / ((3.587 + 0) / 953.731)
=0.001855 / 0.003761
=0.4932

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
=(52.233 - 0 - 278.421) / 953.545
=-0.237207

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.

Global International Credit Group has a M-score of -3.51 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 -3.51 mean?
Global International Credit Group (HKSE:01669) has a Beneish M-Score of -3.51 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Global International Credit Group and its competitors. According to the industry distribution chart, Global International Credit Group ranks #45 out of 486 companies in the Credit Services industry, placing it in the top 9.3%.
Is Global International Credit Group's Beneish M-Score too high?
Global International Credit Group's current Beneish M-Score is -3.51. Based on the distribution chart, Global International Credit Group ranks #45 out of 486 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Global International Credit Group has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global International Credit Group's Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, Global International Credit Group ranks #45 out of 486 companies for Beneish M-Score. This places Global International Credit Group in the top 9% 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 Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Global International Credit Group and its competitors. Global International Credit Group's current Beneish M-Score is -3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global International Credit Group stock overvalued right now?
Based on GuruFocus' analysis, Global International Credit Group (HKSE:01669) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.50, compared to a current price of HK$1.51 — trading 201% above its estimated fair value. The current Beneish M-Score is -3.51. Global International Credit Group's overall GF Score™ is 43/100 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 Global International Credit Group (HKSE:01669), the current Beneish M-Score is -3.51 as of Aug. 14, 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 Global International Credit Group (HKSE:01669) Overvalued in 2026?

Based on GuruFocus' analysis, Global International Credit Group stock appears to be overvalued. The current stock price of HK$1.51 is trading 201% above its estimated GF Value™ of HK$0.50. GuruFocus considers Global International Credit Group to be Significantly Overvalued.

Key valuation signals for HKSE:01669:

  • Beneish M-Score: -3.51
  • GF Value™: HK$0.50 vs. price of HK$1.51 (201% above fair value)
  • GF Score™: 43/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01669 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Global International Credit Group Business Description

Address 19 Des Voeux Road Central, Unit 01, 12th Floor, World-Wide House, Hong Kong, HKG
Global International Credit Group Ltd is engaged in the money lending business. The company provides short-term and long-term property mortgage loans to customers in Hong Kong. It provides flexible loan solutions, property mortgage loans, and personal loans. The company's revenue is generated from the money lending business of providing property mortgage loans and personal loans in Hong Kong.
43GF Score

Get the complete analysis for HKSE:01669

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

HK$1.51
Price
HK$0.50
GF Value