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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.
Warning Sign:
Beneish M-Score -1.41 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Ocean Line Port Development's Beneish M-Score or its related term are showing as below:
HKSE:08502'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.4 Med: -2.77 Max: -1.41
Current: -1.41
During the past 11 years, the highest Beneish M-Score of Ocean Line Port Development was -1.41. The lowest was -3.40. And the median was -2.77.
Ocean Line Port Development Beneish M-Score Related Terms
Ocean Line Port Development 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.
Ocean Line Port Development Beneish M-Score Competitor Comparison
For the Infrastructure Operations subindustry, Ocean Line Port Development'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.
Ocean Line Port Development Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Ocean Line Port Development's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ocean Line Port Development's Beneish M-Score falls into.
Ocean Line Port Development 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 Ocean Line Port Development 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 * 2.0273
+
0.528 * 0.9934
+
0.404 * 1.2421
+
0.892 * 0.9282
+
0.115 * 0.9673
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0518
+
4.679 * 0.010626
-
0.327 * 0.8195
=
-1.41
* 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))
=
(26.281 / (26.281 + 406.763))
/
(27.209 / (27.209 + 406.485))
=
0.060689
/
0.062738
=
0.9673
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
=
(57.643 - 0
-
46.451)
/
1053.264
=
0.010626
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.
Ocean Line Port Development has a M-score of -1.41 signals that the company is likely to be a manipulator.
Ocean Line Port Development (HKSE:08502) has a Beneish M-Score of -1.41 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ocean Line Port Development and its competitors. According to the industry distribution chart, Ocean Line Port Development ranks #1480 out of 1697 companies in the Construction industry, placing it in the top 87.2%.
Is Ocean Line Port Development's Beneish M-Score too high?
Ocean Line Port Development's current Beneish M-Score is -1.41. Based on the distribution chart, Ocean Line Port Development ranks #1480 out of 1697 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ocean Line Port Development has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ocean Line Port Development's Beneish M-Score compare to competitors?
According to the Construction industry distribution chart, Ocean Line Port Development ranks #1480 out of 1697 companies for Beneish M-Score. This places Ocean Line Port Development 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Ocean Line Port Development and its competitors. Ocean Line Port Development's current Beneish M-Score is -1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Line Port Development stock overvalued right now?
Based on GuruFocus' analysis, Ocean Line Port Development (HKSE:08502) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.34 — trading 24.1% above its estimated fair value. The current Beneish M-Score is -1.41. Ocean Line Port Development's overall GF Score™ is 57/100 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 Ocean Line Port Development (HKSE:08502), the current Beneish M-Score is -1.41 as of Jul. 29, 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 Ocean Line Port Development (HKSE:08502) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Line Port Development stock appears to be overvalued.
The current stock price of HK$0.34 is trading 24.1% above its estimated GF Value™ of HK$0.27.
GuruFocus considers Ocean Line Port Development to be Modestly Overvalued.
Key valuation signals for HKSE:08502:
Beneish M-Score: -1.41
GF Value™: HK$0.27 vs. price of HK$0.34 (24.1% above fair value)
No single metric tells the full story. See the HKSE:08502 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Line Port Development Ltd is an inland terminal operator in the PRC and is engaged in the provision of port logistic services including uploading and unloading of cargoes, bulk cargo handling services, container handling, storage and other services. The group operates two port terminals, namely, Jiangkou Terminal and Niutoushan Terminal, both situated in Chizhou City, Anhui Province, the PRC. It derives revenue from provision of uploading and unloading handling services, bulk cargo and break bulk cargo, containers, and provision of ancillary port services. The company provides loading and unloading services for both domestic and international trade, covering a wide range of cargo types, bulk cargo (such as limestone, dolomite, and calcite).
57GF Score
Get the complete analysis for HKSE:08502
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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