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Ritamix GlobalHKSE:01936 51 Beneish M-Score is -2.31 as of Jul. 18, 2026. GuruFocus rates HKSE:01936 with a GF Score™ of 51/100 and a GF Value™ of HK$0.77 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,852 Consumer Packaged Goods companies, Ritamix Global ranks worse than 65.44% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ritamix Global's Beneish M-Score or its related term are showing as below:
HKSE:01936'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.24 Med: -3.02 Max: -2.31
Current: -2.31
During the past 9 years, the highest Beneish M-Score of Ritamix Global was -2.31. The lowest was -3.24. And the median was -3.02.
Ritamix Global Beneish M-Score Related Terms
Ritamix Global Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Ritamix Global'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:01936 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, Ritamix Global'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.
Ritamix Global Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ritamix Global's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ritamix Global'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 Ritamix Global 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 * 0.9196
+
0.528 * 0.9628
+
0.404 * 1.1574
+
0.892 * 1.1428
+
0.115 * 0.8664
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.948
+
4.679 * -0.031102
-
0.327 * 0.3214
=
-2.31
* 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))
=
(3.425 / (3.425 + 29.675))
/
(4.376 / (4.376 + 32.264))
=
0.103474
/
0.119432
=
0.8664
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
=
(17.649 - 0
-
26.765)
/
293.1
=
-0.031102
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.
Ritamix Global has a M-score of -2.31 suggests that the company is unlikely to be a manipulator.
Ritamix Global (HKSE:01936) has a Beneish M-Score of -2.31 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ritamix Global and its competitors. According to the industry distribution chart, Ritamix Global ranks #1212 out of 1852 companies in the Consumer Packaged Goods industry, placing it in the top 65.4%.
Is Ritamix Global's Beneish M-Score too high?
Ritamix Global's current Beneish M-Score is -2.31. Based on the distribution chart, Ritamix Global ranks #1212 out of 1852 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ritamix Global has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ritamix Global's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Ritamix Global ranks #1212 out of 1852 companies for Beneish M-Score. This places Ritamix Global 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Ritamix Global and its competitors. Ritamix Global's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ritamix Global stock overvalued right now?
Based on GuruFocus' analysis, Ritamix Global (HKSE:01936) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.77, compared to a current price of HK$0.85 — trading 10.4% above its estimated fair value. The current Beneish M-Score is -2.31. Ritamix Global's overall GF Score™ is 51/100 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 Ritamix Global (HKSE:01936), the current Beneish M-Score is -2.31 as of Jul. 18, 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 Ritamix Global (HKSE:01936) Overvalued in 2026?
Based on GuruFocus' analysis, Ritamix Global stock appears to be overvalued.
The current stock price of HK$0.85 is trading 10.4% above its estimated GF Value™ of HK$0.77.
GuruFocus considers Ritamix Global to be Fairly Valued.
Key valuation signals for HKSE:01936:
Beneish M-Score: -2.31
GF Value™: HK$0.77 vs. price of HK$0.85 (10.4% above fair value)
No single metric tells the full story. See the HKSE:01936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ritamix Global Ltd is engaged in the distribution of animal feed additives and human food ingredients, and the manufacturing of animal feed additives premixes. The company offers a wide range of animal feed additives, including amino acids, vitamins, minerals, enzymes, acidifiers, and other ingredients produced by chemical and feed ingredients companies of international brand names. The operating segments of the company include the Animal feed additives products segment: manufacturing and distribution of animal feed additives products; and the Human food ingredient products segment: distribution of human food ingredient products. Geographically, the company derives maximum revenue from Malaysia.
51GF Score
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