Flydoo Technology Holding (HKSE:08069) Beneish M-Score: -2.98 (As of Jun. 28, 2026)


HKSE:08069 Flydoo Technology Holding Ltd HKSE:08069
47 GF Score
Price HK$0.38
GF Value HK$0.98
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Flydoo Technology Holding Beneish M-Score?

Flydoo Technology Holding HKSE:08069 -6.25% 47 Beneish M-Score is -2.98 as of Jun. 28, 2026. GuruFocus rates HKSE:08069 with a GF Score™ of 47/100 and a GF Value™ of HK$0.98 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 824 Travel & Leisure companies, Flydoo Technology Holding ranks better than 76.94% 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 -2.98 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Flydoo Technology Holding's Beneish M-Score or its related term are showing as below:

HKSE:08069' s Beneish M-Score Range Over the Past 10 Years
Min: -8.31   Med: -0.67   Max: 82.54
Current: -2.98

During the past 11 years, the highest Beneish M-Score of Flydoo Technology Holding was 82.54. The lowest was -8.31. And the median was -0.67.

Flydoo Technology Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Flydoo Technology Holding'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.

Flydoo Technology Holding Beneish M-Score Chart

Flydoo Technology Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.39 -4.37 82.54 -0.10 -2.98

Flydoo Technology Holding Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 Premium Member Only 0.00 -0.10 0.00 -2.98 0.00

HKSE:08069 vs BKNG, ABNB, RCL: Beneish M-Score Comparison

For the Travel Services subindustry, Flydoo Technology Holding'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.

Flydoo Technology Holding Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flydoo Technology Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Flydoo Technology Holding's Beneish M-Score falls into.


HKSE:08069
47GF Score
Flydoo Technology Holding Ltd HKSE:08069
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flydoo Technology Holding 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 Flydoo Technology Holding 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 * 1.0057+0.528 * 1.1332+0.404 * 0.4267+0.892 * 0.961+0.115 * 1.2041
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.82+4.679 * -0.080283-0.327 * 0.9731
=-2.98

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was HK$3.7 Mil.
Revenue was HK$373.7 Mil.
Gross Profit was HK$68.4 Mil.
Total Current Assets was HK$108.4 Mil.
Total Assets was HK$116.7 Mil.
Property, Plant and Equipment(Net PPE) was HK$5.6 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$5.9 Mil.
Selling, General, & Admin. Expense(SGA) was HK$65.3 Mil.
Total Current Liabilities was HK$62.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.3 Mil.
Net Income was HK$-1.2 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$8.2 Mil.
 Total Receivables was HK$3.8 Mil.
Revenue was HK$388.9 Mil.
Gross Profit was HK$80.7 Mil.
Total Current Assets was HK$109.2 Mil.
Total Assets was HK$123.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$7.2 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$11.7 Mil.
Selling, General, & Admin. Expense(SGA) was HK$82.9 Mil.
Total Current Liabilities was HK$69.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.3 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)
=(3.692 / 373.728) / (3.82 / 388.898)
=0.009879 / 0.009823
=1.0057

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)
=(80.703 / 388.898) / (68.438 / 373.728)
=0.207517 / 0.183122
=1.1332

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 - (108.363 + 5.619) / 116.712) / (1 - (109.194 + 7.218) / 123.163)
=0.023391 / 0.054814
=0.4267

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
=373.728 / 388.898
=0.961

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))
=(11.658 / (11.658 + 7.218)) / (5.917 / (5.917 + 5.619))
=0.61761 / 0.512916
=1.2041

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)
=(65.336 / 373.728) / (82.916 / 388.898)
=0.174822 / 0.213208
=0.82

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)
=((1.328 + 62.573) / 116.712) / ((0.257 + 69.038) / 123.163)
=0.54751 / 0.562628
=0.9731

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
=(-1.158 - 0 - 8.212) / 116.712
=-0.080283

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.

Flydoo Technology Holding has a M-score of -2.98 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 -2.98 mean?
Flydoo Technology Holding (HKSE:08069) has a Beneish M-Score of -2.98 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Flydoo Technology Holding and its competitors. According to the industry distribution chart, Flydoo Technology Holding ranks #190 out of 824 companies in the Travel & Leisure industry, placing it in the top 23.1%.
Is Flydoo Technology Holding's Beneish M-Score too high?
Flydoo Technology Holding's current Beneish M-Score is -2.98. Based on the distribution chart, Flydoo Technology Holding ranks #190 out of 824 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Flydoo Technology Holding has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flydoo Technology Holding's Beneish M-Score compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Flydoo Technology Holding ranks #190 out of 824 companies for Beneish M-Score. This places Flydoo Technology Holding in the top 23% 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Flydoo Technology Holding and its competitors. Flydoo Technology Holding's current Beneish M-Score is -2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flydoo Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Flydoo Technology Holding (HKSE:08069) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.98, compared to a current price of HK$0.38 — trading 61.7% below its estimated fair value. The current Beneish M-Score is -2.98. Flydoo Technology Holding's overall GF Score™ is 47/100 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 Flydoo Technology Holding (HKSE:08069), the current Beneish M-Score is -2.98 as of Jun. 28, 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 Flydoo Technology Holding (HKSE:08069) Overvalued in 2026?

Based on GuruFocus' analysis, Flydoo Technology Holding stock appears to be undervalued. The current stock price of HK$0.38 is trading 61.7% below its estimated GF Value™ of HK$0.98. GuruFocus considers Flydoo Technology Holding to be Significantly Undervalued.

Key valuation signals for HKSE:08069:

  • Beneish M-Score: -2.98
  • GF Value™: HK$0.98 vs. price of HK$0.38 (61.7% below fair value)
  • GF Score™: 47/100 with 2 warning signs

No single metric tells the full story. See the HKSE:08069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Flydoo Technology Holding Business Description

Address 28 Canton Road, Unit 706-8, 7th Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Flydoo Technology Holding Ltd mainly operates its travel segment, which designs, develops, and sells package tours and adjacent products such as air tickets and hotel accommodations. Its Business segments are Travel Related Products and Services, Tourism and Travel Technology Investments, and Other Business Ancillary.
47GF Score

Get the complete analysis for HKSE:08069

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

HK$0.38
Price
HK$0.98
GF Value