Yadong Group Holdings (HKSE:01795) Beneish M-Score: -2.64 (As of Aug. 10, 2026)

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HKSE:01795 Yadong Group Holdings Ltd HKSE:01795
73 GF Score
Price HK$0.43
GF Value HK$1.15
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Yadong Group Holdings Beneish M-Score?

Yadong Group Holdings HKSE:01795 73 Beneish M-Score is -2.64 as of Aug. 10, 2026. GuruFocus rates HKSE:01795 with a GF Score™ of 73/100 and a GF Value™ of HK$1.15 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 998 Manufacturing - Apparel & Accessories companies, Yadong Group Holdings ranks better than 59.72% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01795' s Beneish M-Score Range Over the Past 10 Years
Min: -3.25   Med: -2.45   Max: 18.02
Current: -2.64

During the past 9 years, the highest Beneish M-Score of Yadong Group Holdings was 18.02. The lowest was -3.25. And the median was -2.45.


Yadong Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yadong 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.

Yadong Group Holdings Beneish M-Score Chart

Yadong 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 18.02 -2.06 -2.45 -2.51 -2.64

Yadong Group Holdings Semi-Annual Data
Dec17 Dec18 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 -2.45 0.00 -2.51 0.00 -2.64

Yadong Group Holdings Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Yadong 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.


Yadong Group Holdings Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yadong Group Holdings's Beneish M-Score distribution charts can be found below:

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


HKSE:01795
73GF Score
Yadong Group Holdings Ltd HKSE:01795
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yadong 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 Yadong 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 * 1.1058+0.528 * 0.939+0.404 * 0.6936+0.892 * 1.0298+0.115 * 2.4018
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0267+4.679 * -0.057208-0.327 * 1.0467
=-2.64

* 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$387 Mil.
Revenue was HK$1,186 Mil.
Gross Profit was HK$160 Mil.
Total Current Assets was HK$713 Mil.
Total Assets was HK$1,331 Mil.
Property, Plant and Equipment(Net PPE) was HK$569 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$33 Mil.
Selling, General, & Admin. Expense(SGA) was HK$104 Mil.
Total Current Liabilities was HK$692 Mil.
Long-Term Debt & Capital Lease Obligation was HK$202 Mil.
Net Income was HK$41 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$117 Mil.
Total Receivables was HK$339 Mil.
Revenue was HK$1,152 Mil.
Gross Profit was HK$146 Mil.
Total Current Assets was HK$665 Mil.
Total Assets was HK$924 Mil.
Property, Plant and Equipment(Net PPE) was HK$210 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$31 Mil.
Selling, General, & Admin. Expense(SGA) was HK$98 Mil.
Total Current Liabilities was HK$517 Mil.
Long-Term Debt & Capital Lease Obligation was HK$75 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)
=(386.53 / 1185.922) / (339.413 / 1151.579)
=0.325932 / 0.294737
=1.1058

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)
=(145.689 / 1151.579) / (159.784 / 1185.922)
=0.126512 / 0.134734
=0.939

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 - (712.853 + 569.271) / 1330.992) / (1 - (665.06 + 209.579) / 923.525)
=0.036715 / 0.052934
=0.6936

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
=1185.922 / 1151.579
=1.0298

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))
=(31.369 / (31.369 + 209.579)) / (32.626 / (32.626 + 569.271))
=0.13019 / 0.054205
=2.4018

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)
=(103.883 / 1185.922) / (98.247 / 1151.579)
=0.087597 / 0.085315
=1.0267

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)
=((201.637 + 691.749) / 1330.992) / ((75.289 + 516.964) / 923.525)
=0.671218 / 0.641296
=1.0467

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
=(41.252 - 0 - 117.395) / 1330.992
=-0.057208

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.

Yadong Group Holdings has a M-score of -2.64 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 -2.64 mean?
Yadong Group Holdings (HKSE:01795) has a Beneish M-Score of -2.64 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yadong Group Holdings and its competitors. According to the industry distribution chart, Yadong Group Holdings ranks #402 out of 998 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 40.3%.
Is Yadong Group Holdings' Beneish M-Score too high?
Yadong Group Holdings' current Beneish M-Score is -2.64. Based on the distribution chart, Yadong Group Holdings ranks #402 out of 998 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Yadong Group Holdings has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yadong Group Holdings' Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Yadong Group Holdings ranks #402 out of 998 companies for Beneish M-Score. This puts Yadong Group Holdings in the upper 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Yadong Group Holdings and its competitors. Yadong Group Holdings's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yadong Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Yadong Group Holdings (HKSE:01795) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.15, compared to a current price of HK$0.43 — trading 62.6% below its estimated fair value. The current Beneish M-Score is -2.64. Yadong Group Holdings' overall GF Score™ is 73/100 with 4 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 Yadong Group Holdings (HKSE:01795), the current Beneish M-Score is -2.64 as of Aug. 10, 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 Yadong Group Holdings (HKSE:01795) Overvalued in 2026?

Based on GuruFocus' analysis, Yadong Group Holdings stock appears to be undervalued. The current stock price of HK$0.43 is trading 62.6% below its estimated GF Value™ of HK$1.15. GuruFocus considers Yadong Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:01795:

  • Beneish M-Score: -2.64
  • GF Value™: HK$1.15 vs. price of HK$0.43 (62.6% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the HKSE:01795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yadong Group Holdings Business Description

Address 181 Queen’s Road Central, 7th Floor, Low Block, Grand Millennium Plaza, Hong Kong, HKG
Yadong Group Holdings Ltd is engaged in the design, process and sale of textile fabric products, which can be categorized into two broad types, namely plain weave fabrics; and corduroy fabrics. These textile fabric products feature a variety of different colours, patterns, textures and functionalities. The group sells its textile fabric products mainly to garment manufacturers as well as trading companies for further processing into finished garments for apparel brand operators. These textile fabric products are mainly sold or distributed in the PRC, Japan and certain other markets in Asia, such as Taiwan, Vietnam, Bangladesh and Indonesia. Geographically, it operates in The PRC, Bangladesh, Vietnam, Japan, and Others with majority of revenue deriving from The PRC.
73GF Score

Get the complete analysis for HKSE:01795

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

HK$0.43
Price
HK$1.15
GF Value