MOG Digitech Holdings (HKSE:01942) Beneish M-Score: -1.41 (As of Aug. 09, 2026)

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What is MOG Digitech Holdings Beneish M-Score?

MOG Digitech Holdings HKSE:01942 +1.32% Beneish M-Score is -1.41 as of Aug. 09, 2026. The stock has 8 warning signs investors should review. Among 2,627 Software companies, MOG Digitech Holdings ranks worse than 85.88% 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.

Warning Sign:

Beneish M-Score -1.41 higher than -1.78, which implies that the company might have manipulated its financial results.

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

HKSE:01942' s Beneish M-Score Range Over the Past 10 Years
Min: -4.03   Med: -1.41   Max: 13.79
Current: -1.41

During the past 9 years, the highest Beneish M-Score of MOG Digitech Holdings was 13.79. The lowest was -4.03. And the median was -1.41.

MOG Digitech Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for MOG Digitech 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.

MOG Digitech Holdings Beneish M-Score Chart

MOG Digitech Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 5.13 5.71 13.79 -2.38 -1.41

MOG Digitech Holdings Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 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 Premium Member Only Premium Member Only 13.79 0.00 -2.38 0.00 -1.41

HKSE:01942 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, MOG Digitech 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.

MOG Digitech Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, MOG Digitech Holdings's Beneish M-Score distribution charts can be found below:

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


MOG Digitech 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 MOG Digitech 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 * 2.7084+0.528 * 0.6375+0.404 * 0.9947+0.892 * 0.6929+0.115 * 0.9452
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.7652+4.679 * 0.007133-0.327 * 0.7747
=-1.41

* 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$375.9 Mil.
Revenue was HK$927.3 Mil.
Gross Profit was HK$183.2 Mil.
Total Current Assets was HK$778.1 Mil.
Total Assets was HK$1,050.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$100.4 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$27.8 Mil.
Selling, General, & Admin. Expense(SGA) was HK$234.9 Mil.
Total Current Liabilities was HK$153.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3.2 Mil.
Net Income was HK$-98.4 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$-105.9 Mil.
 Total Receivables was HK$200.3 Mil.
Revenue was HK$1,338.3 Mil.
Gross Profit was HK$168.5 Mil.
Total Current Assets was HK$575.2 Mil.
Total Assets was HK$826.6 Mil.
Property, Plant and Equipment(Net PPE) was HK$115.5 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$29.8 Mil.
Selling, General, & Admin. Expense(SGA) was HK$192.0 Mil.
Total Current Liabilities was HK$150.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$8.1 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)
=(375.921 / 927.274) / (200.317 / 1338.286)
=0.405404 / 0.149682
=2.7084

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)
=(168.518 / 1338.286) / (183.155 / 927.274)
=0.125921 / 0.19752
=0.6375

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 - (778.078 + 100.378) / 1050.194) / (1 - (575.154 + 115.524) / 826.564)
=0.16353 / 0.164399
=0.9947

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
=927.274 / 1338.286
=0.6929

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))
=(29.815 / (29.815 + 115.524)) / (27.823 / (27.823 + 100.378))
=0.205141 / 0.217026
=0.9452

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)
=(234.869 / 927.274) / (192.026 / 1338.286)
=0.25329 / 0.143487
=1.7652

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)
=((3.151 + 153.055) / 1050.194) / ((8.094 + 150.6) / 826.564)
=0.14874 / 0.191992
=0.7747

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
=(-98.368 - 0 - -105.859) / 1050.194
=0.007133

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.

MOG Digitech Holdings has a M-score of -1.41 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.41 mean?
MOG Digitech Holdings (HKSE:01942) has a Beneish M-Score of -1.41 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MOG Digitech Holdings and its competitors. According to the industry distribution chart, MOG Digitech Holdings ranks #2256 out of 2627 companies in the Software industry, placing it in the top 85.9%.
Is MOG Digitech Holdings' Beneish M-Score too high?
MOG Digitech Holdings' current Beneish M-Score is -1.41. Based on the distribution chart, MOG Digitech Holdings ranks #2256 out of 2627 companies in the Software industry, which is in the bottom quartile relative to peers.
How does MOG Digitech Holdings' Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, MOG Digitech Holdings ranks #2256 out of 2627 companies for Beneish M-Score. This places MOG Digitech Holdings 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 Software company?
A good Beneish M-Score depends on the Software 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 MOG Digitech Holdings and its competitors. MOG Digitech Holdings's current Beneish M-Score is -1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MOG Digitech Holdings stock overvalued right now?
Based on GuruFocus' analysis, MOG Digitech Holdings (HKSE:01942) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.08 — trading 79.2% below its estimated fair value. The current Beneish M-Score is -1.41. 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 MOG Digitech Holdings (HKSE:01942), the current Beneish M-Score is -1.41 as of Aug. 09, 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.

MOG Digitech Holdings Business Description

Address No. 1666 Ziyu Road, Room 201, 2nd Floor, Tower 2, Hengye Plaza, Chaoyang New City, Xihu District, Jiangxi Province, Nanchang, CHN, 519015
MOG Digitech Holdings Ltd is an investment holding company. The company is engaged in digital payment solutions related to business, e-commerce, and financing services. The operating segment of the company includes Digital payment solutions related business, Optical products retail, franchise and license management, E-commerce, and Financing services and money lending. The company generates the majority of its revenue from the Digital payment solutions and related business. Geographically, it generates the majority of its revenue from the PRC.