Saint Bella Group (HKSE:02508) Beneish M-Score: -0.96 (As of Aug. 04, 2026)

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HKSE:02508 Saint Bella Group Ltd HKSE:02508
13 GF Score
Price HK$3.60
! 4 Warning Signs
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What is Saint Bella Group Beneish M-Score?

Saint Bella Group HKSE:02508 -1.37% 13 Beneish M-Score is -0.96 as of Aug. 04, 2026. GuruFocus rates HKSE:02508 with a GF Score™ of 13/100. The stock has 4 warning signs investors should review. Among 625 Healthcare Providers & Services companies, Saint Bella Group ranks worse than 92.64% 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 -0.96 higher than -1.78, which implies that the company might have manipulated its financial results.

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

HKSE:02508' s Beneish M-Score Range Over the Past 10 Years
Min: -8.33   Med: -5.27   Max: -0.96
Current: -0.96

During the past 5 years, the highest Beneish M-Score of Saint Bella Group was -0.96. The lowest was -8.33. And the median was -5.27.

Saint Bella Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Saint Bella 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.

Saint Bella Group Beneish M-Score Chart

Saint Bella Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -5.27 -8.33 -0.96

Saint Bella Group Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial -5.27 0.00 -8.33 0.00 -0.96

HKSE:02508 vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Saint Bella 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.

Saint Bella Group Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Saint Bella Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Saint Bella Group's Beneish M-Score falls into.


HKSE:02508
13GF Score
Saint Bella Group Ltd HKSE:02508
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saint Bella 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 Saint Bella 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 * 0.9551+0.528 * 0.9411+0.404 * 0.6388+0.892 * 1.355+0.115 * 1.1086
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7164+4.679 * 0.228637-0.327 * 0.1034
=-0.96

* 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$74 Mil.
Revenue was HK$1,155 Mil.
Gross Profit was HK$416 Mil.
Total Current Assets was HK$1,065 Mil.
Total Assets was HK$1,712 Mil.
Property, Plant and Equipment(Net PPE) was HK$227 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$60 Mil.
Selling, General, & Admin. Expense(SGA) was HK$323 Mil.
Total Current Liabilities was HK$480 Mil.
Long-Term Debt & Capital Lease Obligation was HK$112 Mil.
Net Income was HK$451 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$59 Mil.
 Total Receivables was HK$57 Mil.
Revenue was HK$853 Mil.
Gross Profit was HK$289 Mil.
Total Current Assets was HK$289 Mil.
Total Assets was HK$664 Mil.
Property, Plant and Equipment(Net PPE) was HK$120 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$36 Mil.
Selling, General, & Admin. Expense(SGA) was HK$333 Mil.
Total Current Liabilities was HK$2,160 Mil.
Long-Term Debt & Capital Lease Obligation was HK$59 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)
=(73.762 / 1155.387) / (57 / 852.713)
=0.063842 / 0.066845
=0.9551

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)
=(288.692 / 852.713) / (415.626 / 1155.387)
=0.338557 / 0.359729
=0.9411

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 - (1064.712 + 226.603) / 1711.852) / (1 - (288.796 + 119.594) / 663.601)
=0.245662 / 0.384585
=0.6388

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
=1155.387 / 852.713
=1.355

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))
=(36.179 / (36.179 + 119.594)) / (60.058 / (60.058 + 226.603))
=0.232255 / 0.209509
=1.1086

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)
=(323.088 / 1155.387) / (332.821 / 852.713)
=0.279636 / 0.390308
=0.7164

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)
=((112.108 + 479.671) / 1711.852) / ((59.458 + 2159.611) / 663.601)
=0.345695 / 3.343981
=0.1034

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
=(450.585 - 0 - 59.192) / 1711.852
=0.228637

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.

Saint Bella Group has a M-score of -0.96 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 -0.96 mean?
Saint Bella Group (HKSE:02508) has a Beneish M-Score of -0.96 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Saint Bella Group and its competitors. According to the industry distribution chart, Saint Bella Group ranks #579 out of 625 companies in the Healthcare Providers & Services industry, placing it in the top 92.6%.
Is Saint Bella Group's Beneish M-Score too high?
Saint Bella Group's current Beneish M-Score is -0.96. Based on the distribution chart, Saint Bella Group ranks #579 out of 625 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Saint Bella Group has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Saint Bella Group's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Saint Bella Group ranks #579 out of 625 companies for Beneish M-Score. This places Saint Bella Group 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Saint Bella Group and its competitors. Saint Bella Group's current Beneish M-Score is -0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saint Bella Group stock overvalued right now?
Saint Bella Group (HKSE:02508) has a current Beneish M-Score of -0.96. The current Beneish M-Score is -0.96. Saint Bella Group's overall GF Score™ is 13/100 with 4 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 Saint Bella Group (HKSE:02508), the current Beneish M-Score is -0.96 as of Aug. 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.

Saint Bella Group Business Description

Address No. 666, Jianshe 2nd Road, Level 1, Building 6, Information Port Phase 6, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Saint Bella Group Ltd is a postpartum care and recovery group in China, and it also offer home care services and food products covering women's needs. Its activities include postpartum center business (including postpartum care services and postpartum recovery services); home care services business; and food product business. Geographically it operates in the PRC, Hong Kong, Singapore and the United States.
13GF Score

Get the complete analysis for HKSE:02508

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

HK$3.60
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