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AustAsia GroupHKSE:02425 71 Beneish M-Score is -3.64 as of Aug. 12, 2026. GuruFocus rates HKSE:02425 with a GF Score™ of 71/100 and a GF Value™ of HK$1.22 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,855 Consumer Packaged Goods companies, AustAsia Group ranks better than 94.72% 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 -3.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AustAsia Group's Beneish M-Score or its related term are showing as below:
HKSE:02425'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.64 Med: -3.23 Max: -2.61
Current: -3.64
During the past 7 years, the highest Beneish M-Score of AustAsia Group was -2.61. The lowest was -3.64. And the median was -3.23.
The historical data trend for AustAsia 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.
HKSE:02425 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, AustAsia 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.
AustAsia Group Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AustAsia Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AustAsia Group'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 AustAsia 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 * 0.9206
+
0.528 * 0.7598
+
0.404 * 0.9041
+
0.892 * 1.0156
+
0.115 * 0.9443
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9347
+
4.679 * -0.199651
-
0.327 * 1.0128
=
-3.64
* 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.
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))
=
(231.061 / (231.061 + 4878.243))
/
(240.269 / (240.269 + 4776.798))
=
0.045224
/
0.04789
=
0.9443
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
=
(-829.228 - 0
-
1119.444)
/
9760.385
=
-0.199651
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.
AustAsia Group has a M-score of -3.64 suggests that the company is unlikely to be a manipulator.
AustAsia Group (HKSE:02425) has a Beneish M-Score of -3.64 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AustAsia Group and its competitors. According to the industry distribution chart, AustAsia Group ranks #98 out of 1855 companies in the Consumer Packaged Goods industry, placing it in the top 5.3%.
Is AustAsia Group's Beneish M-Score too high?
AustAsia Group's current Beneish M-Score is -3.64. Based on the distribution chart, AustAsia Group ranks #98 out of 1855 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, AustAsia Group has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AustAsia Group's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, AustAsia Group ranks #98 out of 1855 companies for Beneish M-Score. This places AustAsia Group in the top 5% 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 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 AustAsia Group and its competitors. AustAsia Group's current Beneish M-Score is -3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AustAsia Group stock overvalued right now?
Based on GuruFocus' analysis, AustAsia Group (HKSE:02425) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.22, compared to a current price of HK$1.99 — trading 63.1% above its estimated fair value. The current Beneish M-Score is -3.64. AustAsia Group's overall GF Score™ is 71/100 with 8 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 AustAsia Group (HKSE:02425), the current Beneish M-Score is -3.64 as of Aug. 12, 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 AustAsia Group (HKSE:02425) Overvalued in 2026?
Based on GuruFocus' analysis, AustAsia Group stock appears to be overvalued.
The current stock price of HK$1.99 is trading 63.1% above its estimated GF Value™ of HK$1.22.
GuruFocus considers AustAsia Group to be Significantly Overvalued.
Key valuation signals for HKSE:02425:
Beneish M-Score: -3.64
GF Value™: HK$1.22 vs. price of HK$1.99 (63.1% above fair value)
No single metric tells the full story. See the HKSE:02425 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AustAsia Group Ltd is an investment holding company. Along with its subsidiaries, it is mainly engaged in the production and sales of raw milk, beef cattle, and feed products, and the distribution and sales of milk products in the People's Republic of China. The company's reportable operating segments are: the raw milk business for the production and sales of raw milk; the beef cattle business for raising and sales of beef cattle; and the ancillary business for sales of milk products, feed products, and others. Maximum revenue for the company is generated from its Raw milk segment. Geographically, the company derives its revenue from Mainland China.
71GF Score
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