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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 -2.91 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Vodatel Networks Holdings's Beneish M-Score or its related term are showing as below:
HKSE:08033'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.18 Med: -2.44 Max: -1.59
Current: -2.91
During the past 13 years, the highest Beneish M-Score of Vodatel Networks Holdings was -1.59. The lowest was -3.18. And the median was -2.44.
Vodatel Networks Holdings Beneish M-Score Related Terms
Vodatel Networks Holdings Beneish M-Score Historical Data
* 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:08033 vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, Vodatel Networks Holdings'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.
Vodatel Networks Holdings Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Vodatel Networks Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vodatel Networks Holdings'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 Vodatel Networks Holdings 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 * 0.9442
+
0.528 * 1.008
+
0.404 * 0.8674
+
0.892 * 0.9658
+
0.115 * 1.0322
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9464
+
4.679 * -0.063674
-
0.327 * 1.0454
=
-2.91
* 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))
=
(2.181 / (2.181 + 3.724))
/
(2.022 / (2.022 + 3.629))
=
0.369348
/
0.357813
=
1.0322
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
=
(11.092 - 0
-
42.754)
/
497.248
=
-0.063674
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.
Vodatel Networks Holdings has a M-score of -2.91 suggests that the company is unlikely to be a manipulator.
Vodatel Networks Holdings (HKSE:08033) has a Beneish M-Score of -2.91 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vodatel Networks Holdings and its competitors. According to the industry distribution chart, Vodatel Networks Holdings ranks #707 out of 2628 companies in the Software industry, placing it in the top 26.9%.
Is Vodatel Networks Holdings' Beneish M-Score too high?
Vodatel Networks Holdings' current Beneish M-Score is -2.91. Based on the distribution chart, Vodatel Networks Holdings ranks #707 out of 2628 companies in the Software industry, which is above the industry midpoint. Overall, Vodatel Networks Holdings has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vodatel Networks Holdings' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Vodatel Networks Holdings ranks #707 out of 2628 companies for Beneish M-Score. This puts Vodatel Networks Holdings 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 Software company?
A good Beneish M-Score depends on the Software 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 Vodatel Networks Holdings and its competitors. Vodatel Networks Holdings's current Beneish M-Score is -2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodatel Networks Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vodatel Networks Holdings (HKSE:08033) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.12 — trading 11.4% below its estimated fair value. The current Beneish M-Score is -2.91. Vodatel Networks Holdings' overall GF Score™ is 54/100 with 3 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 Vodatel Networks Holdings (HKSE:08033), the current Beneish M-Score is -2.91 as of Jul. 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.
Is Vodatel Networks Holdings (HKSE:08033) Overvalued in 2026?
Based on GuruFocus' analysis, Vodatel Networks Holdings stock appears to be undervalued.
The current stock price of HK$0.12 is trading 11.4% below its estimated GF Value™ of HK$0.14.
GuruFocus considers Vodatel Networks Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:08033:
Beneish M-Score: -2.91
GF Value™: HK$0.14 vs. price of HK$0.12 (11.4% below fair value)
No single metric tells the full story. See the HKSE:08033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodatel Networks Holdings Ltd is engaged in the design, supply, implementation, and maintenance of turnkey solutions in the areas of IT, networks, and surveillance, and in the development of customized software for its customers. It operates through the two reportable segments of Design, sale, and implementation of network and systems infrastructure, customer data automation, customization, and integration, and provision of technical support services in Mainland China, and Design, sale, and implementation of network and systems infrastructure, customer data automation, customization, and integration, and provision of technical support services Hong Kong and Macao, and CNMS segment which is engaged in software consultancy services in PRC.
54GF Score
Get the complete analysis for HKSE:08033
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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