Contel Technology Co (HKSE:01912) Beneish M-Score: -5.81 (As of Jul. 04, 2026)


HKSE:01912 Contel Technology Co Ltd HKSE:01912
67 GF Score
Price HK$1.98
GF Value HK$2.00
Valuation Fairly Valued
! 10 Warning Signs
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What is Contel Technology Co Beneish M-Score?

Contel Technology Co HKSE:01912 -5.71% 67 Beneish M-Score is -5.81 as of Jul. 04, 2026. GuruFocus rates HKSE:01912 with a GF Score™ of 67/100 and a GF Value™ of HK$2.00 (Fairly Valued). The stock has 10 warning signs investors should review. Among 987 Semiconductors companies, Contel Technology Co ranks better than 98.18% 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 -5.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01912' s Beneish M-Score Range Over the Past 10 Years
Min: -5.81   Med: -2.51   Max: -0.17
Current: -5.81

During the past 9 years, the highest Beneish M-Score of Contel Technology Co was -0.17. The lowest was -5.81. And the median was -2.51.

Contel Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Contel Technology Co'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.

Contel Technology Co Beneish M-Score Chart

Contel Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1.03 -0.17 -2.17 -2.77 -5.81

Contel Technology Co Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Sep25
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 0.00 -5.81 0.00 -3.36 0.00

HKSE:01912 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, Contel Technology Co'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.

Contel Technology Co Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Contel Technology Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Contel Technology Co's Beneish M-Score falls into.


HKSE:01912
67GF Score
Contel Technology Co Ltd HKSE:01912
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Contel Technology Co 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 Contel Technology Co 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 * 1.5155+0.528 * 1.5592+0.404 * 1.0845+0.892 * 0.5466+0.115 * 0.7562
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.8588+4.679 * -0.745816-0.327 * 1.2085
=-5.81

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was HK$177.3 Mil.
Revenue was HK$517.9 Mil.
Gross Profit was HK$22.9 Mil.
Total Current Assets was HK$336.9 Mil.
Total Assets was HK$423.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$4.4 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$6.3 Mil.
Selling, General, & Admin. Expense(SGA) was HK$68.7 Mil.
Total Current Liabilities was HK$243.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Net Income was HK$-76.1 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$239.5 Mil.
 Total Receivables was HK$214.0 Mil.
Revenue was HK$947.6 Mil.
Gross Profit was HK$65.4 Mil.
Total Current Assets was HK$414.6 Mil.
Total Assets was HK$512.3 Mil.
Property, Plant and Equipment(Net PPE) was HK$6.3 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$5.0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$67.6 Mil.
Total Current Liabilities was HK$243.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.8 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)
=(177.298 / 517.915) / (214.036 / 947.561)
=0.34233 / 0.225881
=1.5155

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)
=(65.366 / 947.561) / (22.914 / 517.915)
=0.068983 / 0.044243
=1.5592

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 - (336.938 + 4.42) / 423.205) / (1 - (414.643 + 6.314) / 512.318)
=0.193398 / 0.178329
=1.0845

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
=517.915 / 947.561
=0.5466

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))
=(5.029 / (5.029 + 6.314)) / (6.263 / (6.263 + 4.42))
=0.443357 / 0.586259
=0.7562

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)
=(68.672 / 517.915) / (67.593 / 947.561)
=0.132593 / 0.071334
=1.8588

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 + 243.486) / 423.205) / ((0.841 + 243.052) / 512.318)
=0.575338 / 0.476058
=1.2085

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
=(-76.138 - 0 - 239.495) / 423.205
=-0.745816

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.

Contel Technology Co has a M-score of -5.81 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 -5.81 mean?
Contel Technology Co (HKSE:01912) has a Beneish M-Score of -5.81 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Contel Technology Co and its competitors. According to the industry distribution chart, Contel Technology Co ranks #18 out of 987 companies in the Semiconductors industry, placing it in the top 1.8%.
Is Contel Technology Co's Beneish M-Score too high?
Contel Technology Co's current Beneish M-Score is -5.81. Based on the distribution chart, Contel Technology Co ranks #18 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Contel Technology Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Contel Technology Co's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Contel Technology Co ranks #18 out of 987 companies for Beneish M-Score. This places Contel Technology Co in the top 2% 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Contel Technology Co and its competitors. Contel Technology Co's current Beneish M-Score is -5.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Contel Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Contel Technology Co (HKSE:01912) is currently considered Fairly Valued. The stock's GF Value™ is HK$2.00, compared to a current price of HK$1.98 — trading 1% below its estimated fair value. The current Beneish M-Score is -5.81. Contel Technology Co's overall GF Score™ is 67/100 with 10 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 Contel Technology Co (HKSE:01912), the current Beneish M-Score is -5.81 as of Jul. 04, 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 Contel Technology Co (HKSE:01912) Overvalued in 2026?

Based on GuruFocus' analysis, Contel Technology Co stock appears to be undervalued. The current stock price of HK$1.98 is trading 1% below its estimated GF Value™ of HK$2.00. GuruFocus considers Contel Technology Co to be Fairly Valued.

Key valuation signals for HKSE:01912:

  • Beneish M-Score: -5.81
  • GF Value™: HK$2.00 vs. price of HK$1.98 (1% below fair value)
  • GF Score™: 67/100 with 10 warning signs

No single metric tells the full story. See the HKSE:01912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Contel Technology Co Business Description

Address No.188-202 Texaco Road, Unit No. A, 13th Floor, Block 1, Leader Industrial Centre, Tsuen Wan, New Territories, Hong Kong, HKG
Contel Technology Co Ltd is mainly engaged in sourcing and sale of integrated circuit (IC) products. It specializes in providing IC application solutions and IC-related services in five main categories: mobile devices and smart charging products; motor control; sensors and automation; light-emitting diode; radio frequency (RF) power.
67GF Score

Get the complete analysis for HKSE:01912

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

HK$1.98
Price
HK$2.00
GF Value