Shandong Baogai New Materials Technology Co (HKSE:08090) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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HKSE:08090 Shandong Baogai New Materials Technology Co Ltd HKSE:08090
20 GF Score
Price HK$5.15
! 2 Warning Signs
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What is Shandong Baogai New Materials Technology Co Beneish M-Score?

Shandong Baogai New Materials Technology Co HKSE:08090 -6.02% 20 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates HKSE:08090 with a GF Score™ of 20/100. The stock has 2 warning signs investors should review. Among 385 Building Materials companies, Shandong Baogai New Materials Technology Co ranks worse than 259740% 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.

The historical rank and industry rank for Shandong Baogai New Materials Technology Co's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Shandong Baogai New Materials Technology Co was 0.00. The lowest was 0.00. And the median was 0.00.

Shandong Baogai New Materials Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Shandong Baogai New Materials Technology 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.

Shandong Baogai New Materials Technology Co Beneish M-Score Chart

Shandong Baogai New Materials Technology Co Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

Shandong Baogai New Materials Technology Co Quarterly Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 0.00

HKSE:08090 vs CRH, VMC, MLM: Beneish M-Score Comparison

For the Building Materials subindustry, Shandong Baogai New Materials Technology 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.

Shandong Baogai New Materials Technology Co Beneish M-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shandong Baogai New Materials Technology Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Shandong Baogai New Materials Technology Co's Beneish M-Score falls into.


HKSE:08090
20GF Score
Shandong Baogai New Materials Technology Co Ltd HKSE:08090
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Baogai New Materials Technology 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 Shandong Baogai New Materials Technology 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 * 1.092+0.528 * 0.9828+0.404 * 0.9318+0.892 * 1.1357+0.115 * 0.904
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9945+4.679 * 0.008036-0.327 * 0.9691
=-2.27

* 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$63.1 Mil.
Revenue was HK$158.7 Mil.
Gross Profit was HK$60.6 Mil.
Total Current Assets was HK$124.2 Mil.
Total Assets was HK$203.5 Mil.
Property, Plant and Equipment(Net PPE) was HK$61.1 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$7.9 Mil.
Selling, General, & Admin. Expense(SGA) was HK$8.1 Mil.
Total Current Liabilities was HK$29.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.1 Mil.
Net Income was HK$26.6 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$24.9 Mil.
 Total Receivables was HK$50.9 Mil.
Revenue was HK$139.7 Mil.
Gross Profit was HK$52.4 Mil.
Total Current Assets was HK$104.3 Mil.
Total Assets was HK$184.3 Mil.
Property, Plant and Equipment(Net PPE) was HK$62.3 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$7.2 Mil.
Selling, General, & Admin. Expense(SGA) was HK$7.1 Mil.
Total Current Liabilities was HK$26.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2.0 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)
=(63.093 / 158.688) / (50.874 / 139.722)
=0.397592 / 0.364109
=1.092

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)
=(52.406 / 139.722) / (60.562 / 158.688)
=0.375073 / 0.381642
=0.9828

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 - (124.233 + 61.056) / 203.463) / (1 - (104.262 + 62.336) / 184.262)
=0.089323 / 0.095863
=0.9318

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
=158.688 / 139.722
=1.1357

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))
=(7.181 / (7.181 + 62.336)) / (7.877 / (7.877 + 61.056))
=0.103298 / 0.11427
=0.904

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)
=(8.07 / 158.688) / (7.145 / 139.722)
=0.050855 / 0.051137
=0.9945

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)
=((1.074 + 29.57) / 203.463) / ((2.028 + 26.61) / 184.262)
=0.150612 / 0.15542
=0.9691

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
=(26.573 - 0 - 24.938) / 203.463
=0.008036

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.

Shandong Baogai New Materials Technology Co has a M-score of -2.27 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 0.00 mean?
Shandong Baogai New Materials Technology Co (HKSE:08090) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shandong Baogai New Materials Technology Co and its competitors. According to the industry distribution chart, Shandong Baogai New Materials Technology Co ranks #999999 out of 385 companies in the Building Materials industry.
Is Shandong Baogai New Materials Technology Co's Beneish M-Score too high?
Shandong Baogai New Materials Technology Co's current Beneish M-Score is 0.00. Based on the distribution chart, Shandong Baogai New Materials Technology Co ranks #999999 out of 385 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Shandong Baogai New Materials Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shandong Baogai New Materials Technology Co's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Shandong Baogai New Materials Technology Co ranks #999999 out of 385 companies for Beneish M-Score. This places Shandong Baogai New Materials Technology 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Shandong Baogai New Materials Technology Co and its competitors. Shandong Baogai New Materials Technology Co's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Baogai New Materials Technology Co stock overvalued right now?
Shandong Baogai New Materials Technology Co (HKSE:08090) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Shandong Baogai New Materials Technology Co's overall GF Score™ is 20/100 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 Shandong Baogai New Materials Technology Co (HKSE:08090), the current Beneish M-Score is 0.00 as of Jul. 27, 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.

Shandong Baogai New Materials Technology Co Business Description

Address New Material Zone, 9 He Zhuang, Zibo Economic Development Zone, Shandong Province, Zibo, CHN
Shandong Baogai New Materials Technology Co Ltd is a specialized manufacturer in China's composite trench cover industry, specializing in composite trench cover products for engineering and infrastructure needs. The principal activities of the company are engaged in the R&D, manufacturing, and sales of high-performance glass fiber-reinforced polymer trench covers, including cable trench covers, drainage covers,and manhole covers. The majority of the company's revenue is derived from the sale of cable trench covers and the rest from drainage trench covers, manhole trench covers, and others. Geographically, the maximum revenue is generated from the Chinese Mainland.
20GF Score

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

HK$5.15
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