Ever Sunshine Services Group (HKSE:01995) Beneish M-Score: -2.39 (As of Aug. 13, 2026)

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HKSE:01995 Ever Sunshine Services Group Ltd HKSE:01995
91 GF Score
Price HK$1.75
GF Value HK$2.09
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Ever Sunshine Services Group Beneish M-Score?

Ever Sunshine Services Group HKSE:01995 -1.69% 91 Beneish M-Score is -2.39 as of Aug. 13, 2026. GuruFocus rates HKSE:01995 with a GF Score™ of 91/100 and a GF Value™ of HK$2.09 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,676 Real Estate companies, Ever Sunshine Services Group ranks better than 52.45% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01995' s Beneish M-Score Range Over the Past 10 Years
Min: -2.83   Med: -2.39   Max: -0.28
Current: -2.39

During the past 11 years, the highest Beneish M-Score of Ever Sunshine Services Group was -0.28. The lowest was -2.83. And the median was -2.39.

Ever Sunshine Services Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ever Sunshine Services Group'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.

Ever Sunshine Services Group Beneish M-Score Chart

Ever Sunshine Services Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.42 -0.28 -2.80 -2.58 -2.39

Ever Sunshine Services Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.80 0.00 -2.58 0.00 -2.39

HKSE:01995 vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Ever Sunshine Services Group'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.

Ever Sunshine Services Group Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ever Sunshine Services Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Ever Sunshine Services Group's Beneish M-Score falls into.


HKSE:01995
91GF Score
Ever Sunshine Services Group Ltd HKSE:01995
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ever Sunshine Services 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 Ever Sunshine Services 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 * 1.0855+0.528 * 1.04+0.404 * 0.9512+0.892 * 1.0385+0.115 * 1.0111
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9531+4.679 * -0.007389-0.327 * 1.0032
=-2.39

* 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$3,928 Mil.
Revenue was HK$7,585 Mil.
Gross Profit was HK$1,438 Mil.
Total Current Assets was HK$7,085 Mil.
Total Assets was HK$10,634 Mil.
Property, Plant and Equipment(Net PPE) was HK$98 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$84 Mil.
Selling, General, & Admin. Expense(SGA) was HK$546 Mil.
Total Current Liabilities was HK$4,325 Mil.
Long-Term Debt & Capital Lease Obligation was HK$21 Mil.
Net Income was HK$483 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$562 Mil.
 Total Receivables was HK$3,485 Mil.
Revenue was HK$7,304 Mil.
Gross Profit was HK$1,440 Mil.
Total Current Assets was HK$6,379 Mil.
Total Assets was HK$9,840 Mil.
Property, Plant and Equipment(Net PPE) was HK$103 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$91 Mil.
Selling, General, & Admin. Expense(SGA) was HK$552 Mil.
Total Current Liabilities was HK$4,006 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3 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)
=(3928.156 / 7585.298) / (3484.606 / 7304.089)
=0.517864 / 0.477076
=1.0855

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)
=(1439.918 / 7304.089) / (1437.885 / 7585.298)
=0.197139 / 0.189562
=1.04

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 - (7084.729 + 97.685) / 10633.743) / (1 - (6379.317 + 103.324) / 9840.363)
=0.324564 / 0.341219
=0.9512

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
=7585.298 / 7304.089
=1.0385

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))
=(90.767 / (90.767 + 103.324)) / (84.067 / (84.067 + 97.685))
=0.467652 / 0.462537
=1.0111

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)
=(546.051 / 7585.298) / (551.671 / 7304.089)
=0.071988 / 0.075529
=0.9531

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)
=((21.425 + 4325.088) / 10633.743) / ((3.072 + 4006.473) / 9840.363)
=0.408747 / 0.407459
=1.0032

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
=(483.261 - 0 - 561.83) / 10633.743
=-0.007389

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.

Ever Sunshine Services Group has a M-score of -2.39 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 -2.39 mean?
Ever Sunshine Services Group (HKSE:01995) has a Beneish M-Score of -2.39 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ever Sunshine Services Group and its competitors. According to the industry distribution chart, Ever Sunshine Services Group ranks #797 out of 1676 companies in the Real Estate industry, placing it in the top 47.6%.
Is Ever Sunshine Services Group's Beneish M-Score too high?
Ever Sunshine Services Group's current Beneish M-Score is -2.39. Based on the distribution chart, Ever Sunshine Services Group ranks #797 out of 1676 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ever Sunshine Services Group has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ever Sunshine Services Group's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Ever Sunshine Services Group ranks #797 out of 1676 companies for Beneish M-Score. This puts Ever Sunshine Services Group 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Ever Sunshine Services Group and its competitors. Ever Sunshine Services Group's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ever Sunshine Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ever Sunshine Services Group (HKSE:01995) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$2.09, compared to a current price of HK$1.75 — trading 16.5% below its estimated fair value. The current Beneish M-Score is -2.39. Ever Sunshine Services Group's overall GF Score™ is 91/100 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 Ever Sunshine Services Group (HKSE:01995), the current Beneish M-Score is -2.39 as of Aug. 13, 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 Ever Sunshine Services Group (HKSE:01995) Overvalued in 2026?

Based on GuruFocus' analysis, Ever Sunshine Services Group stock appears to be undervalued. The current stock price of HK$1.75 is trading 16.5% below its estimated GF Value™ of HK$2.09. GuruFocus considers Ever Sunshine Services Group to be Modestly Undervalued.

Key valuation signals for HKSE:01995:

  • Beneish M-Score: -2.39
  • GF Value™: HK$2.09 vs. price of HK$1.75 (16.5% below fair value)
  • GF Score™: 91/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01995 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ever Sunshine Services Group Business Description

Address Lane 1088, Shenhong Road, 6th Floor, Building 5, Henderson CIFI Center, Minhang District, Shanghai, CHN, 200335
Ever Sunshine Services Group Ltd is engaged in the provision of property management services, community value-added services, value-added services to non-property owners and city services in the PRC. The company's property portfolio includes residential and non-residential properties such as offices, shopping malls, schools, and government buildings. It provides its property management services in China where it generates the maximum revenue.
91GF Score

Get the complete analysis for HKSE:01995

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

HK$1.75
Price
HK$2.09
GF Value