Starjoy Wellness & Travel Co (HKSE:03662) Beneish M-Score: -2.40 (As of Sep. 05, 2026)

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HKSE:03662 Starjoy Wellness & Travel Co Ltd HKSE:03662
56 GF Score
Price HK$0.32
GF Value HK$0.43
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Starjoy Wellness & Travel Co Beneish M-Score?

Starjoy Wellness & Travel Co HKSE:03662 56 Beneish M-Score is -2.40 as of Sep. 05, 2026. GuruFocus rates HKSE:03662 with a GF Score™ of 56/100 and a GF Value™ of HK$0.43 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,680 Real Estate companies, Starjoy Wellness & Travel Co ranks better than 53.21% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Starjoy Wellness & Travel Co's Beneish M-Score or its related term are showing as below:

HKSE:03662' s Beneish M-Score Range Over the Past 10 Years
Min: -3.72   Med: -2.36   Max: -0.32
Current: -2.4

During the past 11 years, the highest Beneish M-Score of Starjoy Wellness & Travel Co was -0.32. The lowest was -3.72. And the median was -2.36.

Starjoy Wellness & Travel Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Starjoy Wellness & Travel 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.

Starjoy Wellness & Travel Co Beneish M-Score Chart

Starjoy Wellness & Travel Co 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 -2.48 -1.05 -2.36 -2.72 -2.40

Starjoy Wellness & Travel Co Semi-Annual Data
Dec15 Dec16 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 -2.36 0.00 -2.72 0.00 -2.40

HKSE:03662 vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Starjoy Wellness & Travel 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.

Starjoy Wellness & Travel Co Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Starjoy Wellness & Travel Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Starjoy Wellness & Travel Co's Beneish M-Score falls into.


HKSE:03662
56GF Score
Starjoy Wellness & Travel Co Ltd HKSE:03662
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starjoy Wellness & Travel 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 Starjoy Wellness & Travel 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 * 1.0769+0.528 * 1.1088+0.404 * 0.9784+0.892 * 0.9313+0.115 * 0.567
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0448+4.679 * 0.013197-0.327 * 0.9485
=-2.40

* 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$672 Mil.
Revenue was HK$1,348 Mil.
Gross Profit was HK$345 Mil.
Total Current Assets was HK$1,939 Mil.
Total Assets was HK$2,461 Mil.
Property, Plant and Equipment(Net PPE) was HK$69 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$39 Mil.
Selling, General, & Admin. Expense(SGA) was HK$101 Mil.
Total Current Liabilities was HK$1,072 Mil.
Long-Term Debt & Capital Lease Obligation was HK$17 Mil.
Net Income was HK$57 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$24 Mil.
 Total Receivables was HK$670 Mil.
Revenue was HK$1,447 Mil.
Gross Profit was HK$411 Mil.
Total Current Assets was HK$1,959 Mil.
Total Assets was HK$2,518 Mil.
Property, Plant and Equipment(Net PPE) was HK$86 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$22 Mil.
Selling, General, & Admin. Expense(SGA) was HK$104 Mil.
Total Current Liabilities was HK$1,167 Mil.
Long-Term Debt & Capital Lease Obligation was HK$8 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)
=(671.52 / 1347.571) / (669.607 / 1446.997)
=0.498319 / 0.462756
=1.0769

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)
=(411.093 / 1446.997) / (345.266 / 1347.571)
=0.284101 / 0.256214
=1.1088

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 - (1939.127 + 69.14) / 2460.742) / (1 - (1959.197 + 85.857) / 2518.364)
=0.183877 / 0.187943
=0.9784

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
=1347.571 / 1446.997
=0.9313

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))
=(22.027 / (22.027 + 85.857)) / (38.903 / (38.903 + 69.14))
=0.204173 / 0.36007
=0.567

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)
=(100.742 / 1347.571) / (103.537 / 1446.997)
=0.074758 / 0.071553
=1.0448

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)
=((17.038 + 1072.018) / 2460.742) / ((8.269 + 1166.839) / 2518.364)
=0.442572 / 0.466616
=0.9485

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
=(56.968 - 0 - 24.493) / 2460.742
=0.013197

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.

Starjoy Wellness & Travel Co has a M-score of -2.40 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 -2.40 mean?
Starjoy Wellness & Travel Co (HKSE:03662) has a Beneish M-Score of -2.40 as of Sep. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Starjoy Wellness & Travel Co and its competitors. According to the industry distribution chart, Starjoy Wellness & Travel Co ranks #786 out of 1680 companies in the Real Estate industry, placing it in the top 46.8%.
Is Starjoy Wellness & Travel Co's Beneish M-Score too high?
Starjoy Wellness & Travel Co's current Beneish M-Score is -2.40. Based on the distribution chart, Starjoy Wellness & Travel Co ranks #786 out of 1680 companies in the Real Estate industry, which is above the industry midpoint. Overall, Starjoy Wellness & Travel Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starjoy Wellness & Travel Co's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Starjoy Wellness & Travel Co ranks #786 out of 1680 companies for Beneish M-Score. This puts Starjoy Wellness & Travel Co 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 Starjoy Wellness & Travel Co and its competitors. Starjoy Wellness & Travel Co's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starjoy Wellness & Travel Co stock overvalued right now?
Based on GuruFocus' analysis, Starjoy Wellness & Travel Co (HKSE:03662) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.43, compared to a current price of HK$0.32 — trading 25.6% below its estimated fair value. The current Beneish M-Score is -2.40. Starjoy Wellness & Travel Co's overall GF Score™ is 56/100 with 5 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 Starjoy Wellness & Travel Co (HKSE:03662), the current Beneish M-Score is -2.40 as of Sep. 05, 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 Starjoy Wellness & Travel Co (HKSE:03662) Overvalued in 2026?

Based on GuruFocus' analysis, Starjoy Wellness & Travel Co stock appears to be undervalued. The current stock price of HK$0.32 is trading 25.6% below its estimated GF Value™ of HK$0.43. GuruFocus considers Starjoy Wellness & Travel Co to be Modestly Undervalued.

Key valuation signals for HKSE:03662:

  • Beneish M-Score: -2.40
  • GF Value™: HK$0.43 vs. price of HK$0.32 (25.6% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the HKSE:03662 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Starjoy Wellness & Travel Co Business Description

Address No. 108, HuangPu Avenue West, 21st Floor, Aoyuan Mansion, Tianhe District, Guangdong Province, Guangzhou, CHN, 511495
Starjoy Wellness & Travel Co Ltd is engaged in the provision of property management services and commercial operational services. The company provides comprehensive residential and commercial property management services, as well as operational support for mid to high-end properties and mixed-use development projects in shopping centers. It is also engaged in Property letting and related services. The company generates the majority of its revenue from the Property management services segment.
56GF Score

Get the complete analysis for HKSE:03662

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

HK$0.32
Price
HK$0.43
GF Value