AuGroup (SHENZHEN) Cross-Border Business Co (HKSE:02519) Beneish M-Score: -2.43 (As of Aug. 15, 2026)

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HKSE:02519 AuGroup (SHENZHEN) Cross-Border Business Co Ltd HKSE:02519
14 GF Score
Price HK$3.75
! 2 Warning Signs
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What is AuGroup (SHENZHEN) Cross-Border Business Co Beneish M-Score?

AuGroup (SHENZHEN) Cross-Border Business Co HKSE:02519 -1.32% 14 Beneish M-Score is -2.43 as of Aug. 15, 2026. GuruFocus rates HKSE:02519 with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 418 Furnishings, Fixtures & Appliances companies, AuGroup (SHENZHEN) Cross-Border Business Co ranks worse than 63.88% 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.

Good Sign:

Beneish M-Score -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for AuGroup (SHENZHEN) Cross-Border Business Co's Beneish M-Score or its related term are showing as below:

HKSE:02519' s Beneish M-Score Range Over the Past 10 Years
Min: -2.43   Med: -2.22   Max: -2.15
Current: -2.43

During the past 5 years, the highest Beneish M-Score of AuGroup (SHENZHEN) Cross-Border Business Co was -2.15. The lowest was -2.43. And the median was -2.22.

AuGroup (SHENZHEN) Cross-Border Business Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for AuGroup (SHENZHEN) Cross-Border Business Co'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.

AuGroup (SHENZHEN) Cross-Border Business Co Beneish M-Score Chart

AuGroup (SHENZHEN) Cross-Border Business Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.15 -2.22 -2.43

AuGroup (SHENZHEN) Cross-Border Business Co Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial -2.15 0.00 -2.22 0.00 -2.43

HKSE:02519 vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, AuGroup (SHENZHEN) Cross-Border Business Co'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.

AuGroup (SHENZHEN) Cross-Border Business Co Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, AuGroup (SHENZHEN) Cross-Border Business Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where AuGroup (SHENZHEN) Cross-Border Business Co's Beneish M-Score falls into.


HKSE:02519
14GF Score
AuGroup (SHENZHEN) Cross-Border Business Co Ltd HKSE:02519
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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AuGroup (SHENZHEN) Cross-Border Business Co 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 AuGroup (SHENZHEN) Cross-Border Business Co 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 * 0.9542+0.528 * 1.1688+0.404 * 0.9416+0.892 * 1.3235+0.115 * 0.6986
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9396+4.679 * -0.046348-0.327 * 1.0667
=-2.43

* 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$1,834 Mil.
Revenue was HK$15,133 Mil.
Gross Profit was HK$3,986 Mil.
Total Current Assets was HK$6,625 Mil.
Total Assets was HK$11,196 Mil.
Property, Plant and Equipment(Net PPE) was HK$3,958 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$522 Mil.
Selling, General, & Admin. Expense(SGA) was HK$3,269 Mil.
Total Current Liabilities was HK$4,434 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3,279 Mil.
Net Income was HK$178 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$697 Mil.
 Total Receivables was HK$1,452 Mil.
Revenue was HK$11,434 Mil.
Gross Profit was HK$3,520 Mil.
Total Current Assets was HK$5,091 Mil.
Total Assets was HK$9,374 Mil.
Property, Plant and Equipment(Net PPE) was HK$3,737 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$331 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,629 Mil.
Total Current Liabilities was HK$2,857 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3,197 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)
=(1834.187 / 15133.34) / (1452.465 / 11434.392)
=0.121202 / 0.127026
=0.9542

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)
=(3520.254 / 11434.392) / (3986.036 / 15133.34)
=0.307865 / 0.263394
=1.1688

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 - (6625.459 + 3957.528) / 11196.346) / (1 - (5091.216 + 3737.1) / 9373.68)
=0.054782 / 0.05818
=0.9416

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
=15133.34 / 11434.392
=1.3235

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))
=(331.411 / (331.411 + 3737.1)) / (522.349 / (522.349 + 3957.528))
=0.081458 / 0.116599
=0.6986

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)
=(3268.94 / 15133.34) / (2628.761 / 11434.392)
=0.216009 / 0.229899
=0.9396

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)
=((3279.422 + 4434.104) / 11196.346) / ((3197.099 + 2856.854) / 9373.68)
=0.688932 / 0.645846
=1.0667

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
=(178.014 - 0 - 696.945) / 11196.346
=-0.046348

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.

AuGroup (SHENZHEN) Cross-Border Business Co has a M-score of -2.43 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 -2.43 mean?
AuGroup (SHENZHEN) Cross-Border Business Co (HKSE:02519) has a Beneish M-Score of -2.43 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AuGroup (SHENZHEN) Cross-Border Business Co and its competitors. According to the industry distribution chart, AuGroup (SHENZHEN) Cross-Border Business Co ranks #267 out of 418 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 63.9%.
Is AuGroup (SHENZHEN) Cross-Border Business Co's Beneish M-Score too high?
AuGroup (SHENZHEN) Cross-Border Business Co's current Beneish M-Score is -2.43. Based on the distribution chart, AuGroup (SHENZHEN) Cross-Border Business Co ranks #267 out of 418 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, AuGroup (SHENZHEN) Cross-Border Business Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does AuGroup (SHENZHEN) Cross-Border Business Co's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, AuGroup (SHENZHEN) Cross-Border Business Co ranks #267 out of 418 companies for Beneish M-Score. This places AuGroup (SHENZHEN) Cross-Border Business Co 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 AuGroup (SHENZHEN) Cross-Border Business Co and its competitors. AuGroup (SHENZHEN) Cross-Border Business Co's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AuGroup (SHENZHEN) Cross-Border Business Co stock overvalued right now?
AuGroup (SHENZHEN) Cross-Border Business Co (HKSE:02519) has a current Beneish M-Score of -2.43. The current Beneish M-Score is -2.43. AuGroup (SHENZHEN) Cross-Border Business Co's overall GF Score™ is 14/100 with 2 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 AuGroup (SHENZHEN) Cross-Border Business Co (HKSE:02519), the current Beneish M-Score is -2.43 as of Aug. 15, 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.

AuGroup (SHENZHEN) Cross-Border Business Co Business Description

Address No. 66 Pingji Avenue, Nanwan Street, Room 106, Kangli Information Valley Building, Shanglilang Community, Longgang District, Guangdong Province, Shenzhen, CHN
AuGroup (SHENZHEN) Cross-Border Business Co Ltd is an online retailer specializing in quality furniture and home furnishings. It offers consumers an enjoyable lifestyle experience across a broad range of home and life scenarios, leveraging robust supply chain management and efficient logistics solutions. The company specializes in furniture and home furnishing products under popular proprietary brands such as ALLEWIE, IRONCK, LIKIMIO, SHA CERLIN, HOSTACK, and FOTOSOK. The company's operating segments include Sales of Goods and Logistics solutions. The company generates the majority of its revenue from the Sales of Goods. Geographically, the company generates revenue from the PRC, the United States, Germany, and other countries, of which key revenue is derived from the United States.
14GF Score

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

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