SDM Education Group Holdings (HKSE:08363) Beneish M-Score: 0.00 (As of Sep. 04, 2026)

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HKSE:08363 SDM Education Group Holdings Ltd HKSE:08363
4 GF Score
Price HK$0.09
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What is SDM Education Group Holdings Beneish M-Score?

SDM Education Group Holdings HKSE:08363 4 Beneish M-Score is 0.00 as of Sep. 04, 2026. GuruFocus rates HKSE:08363 with a GF Score™ of 4/100.

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 SDM Education Group Holdings's Beneish M-Score or its related term are showing as below:

During the past 10 years, the highest Beneish M-Score of SDM Education Group Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

SDM Education Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SDM Education Group Holdings'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.

SDM Education Group Holdings Beneish M-Score Chart

SDM Education Group Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.03 -3.17 -4.92 -2.47 -3.14

SDM Education Group Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -3.14 0.00 0.00 0.00 -2.78

HKSE:08363 vs AIU, EDU, TAL: Beneish M-Score Comparison

For the Education & Training Services subindustry, SDM Education Group 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.

SDM Education Group Holdings Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, SDM Education Group Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where SDM Education Group Holdings's Beneish M-Score falls into.


HKSE:08363
4GF Score
SDM Education Group Holdings Ltd HKSE:08363
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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SDM Education Group Holdings 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 SDM Education Group 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 * 1.3164+0.528 * 1.3891+0.404 * 0.945+0.892 * 0.923+0.115 * 1.0072
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1448+4.679 * -0.219133-0.327 * 1.0582
=-3.14

* 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 (Dec22) TTM:Last Year (Dec21) TTM:
Total Receivables was HK$65.3 Mil.
Revenue was HK$164.8 Mil.
Gross Profit was HK$40.3 Mil.
Total Current Assets was HK$100.1 Mil.
Total Assets was HK$364.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$82.1 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$53.8 Mil.
Selling, General, & Admin. Expense(SGA) was HK$5.1 Mil.
Total Current Liabilities was HK$513.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$76.0 Mil.
Net Income was HK$-37.2 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$42.6 Mil.
 Total Receivables was HK$53.8 Mil.
Revenue was HK$178.6 Mil.
Gross Profit was HK$60.7 Mil.
Total Current Assets was HK$93.1 Mil.
Total Assets was HK$386.4 Mil.
Property, Plant and Equipment(Net PPE) was HK$89.0 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$59.0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$4.8 Mil.
Total Current Liabilities was HK$506.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$85.5 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)
=(65.32 / 164.832) / (53.757 / 178.576)
=0.396282 / 0.301031
=1.3164

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)
=(60.693 / 178.576) / (40.33 / 164.832)
=0.339872 / 0.244673
=1.3891

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 - (100.144 + 82.071) / 364.199) / (1 - (93.142 + 88.973) / 386.443)
=0.499683 / 0.52874
=0.945

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
=164.832 / 178.576
=0.923

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))
=(58.981 / (58.981 + 88.973)) / (53.766 / (53.766 + 82.071))
=0.398644 / 0.395813
=1.0072

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)
=(5.073 / 164.832) / (4.801 / 178.576)
=0.030777 / 0.026885
=1.1448

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)
=((75.987 + 513.904) / 364.199) / ((85.477 + 505.991) / 386.443)
=1.619694 / 1.530544
=1.0582

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
=(-37.19 - 0 - 42.618) / 364.199
=-0.219133

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.

SDM Education Group Holdings has a M-score of -3.14 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?
SDM Education Group Holdings (HKSE:08363) has a Beneish M-Score of 0.00 as of Sep. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SDM Education Group Holdings and its competitors.
Is SDM Education Group Holdings' Beneish M-Score too high?
SDM Education Group Holdings' current Beneish M-Score is 0.00. Overall, SDM Education Group Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does SDM Education Group Holdings' Beneish M-Score compare to AIU and EDU?
SDM Education Group Holdings' Beneish M-Score of 0.00 can be compared against companies in the Education 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 an Education company?
A good Beneish M-Score depends on the Education 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 SDM Education Group Holdings and its competitors. SDM Education Group Holdings'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 SDM Education Group Holdings stock overvalued right now?
SDM Education Group Holdings (HKSE:08363) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. SDM Education Group Holdings' overall GF Score™ is 4/100. 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 SDM Education Group Holdings (HKSE:08363), the current Beneish M-Score is 0.00 as of Sep. 04, 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.

SDM Education Group Holdings Business Description

Address 61-63 King Yip Street, Room 202B, 2nd Floor, Liven House, Kwun Tong, Hong Kong, HKG
SDM Education Group Holdings Ltd is engaged in the business of jazz and ballet and pop dance academy in Hong Kong and childcare services in Singapore. The operating segments of the group are the Dance academy business which involves jazz and ballet and pop dance academy in Hong Kong and the PRC and the Early childhood education business involving the operation of kindergartens and pre-schools in Hong Kong and Singapore and the Others segment. Geographically, the group has a business presence in Hong Kong and Singapore, of which key revenue is derived from Hong Kong.
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HK$0.09
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