Zhong Ying International Group (HKSE:08516) Beneish M-Score: 0.00 (As of Aug. 18, 2026)

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HKSE:08516 Zhong Ying International Group Ltd HKSE:08516
63 GF Score
Price HK$1.70
GF Value HK$2.25
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Zhong Ying International Group Beneish M-Score?

Zhong Ying International Group HKSE:08516 -5.31% 63 Beneish M-Score is 0.00 as of Aug. 18, 2026. GuruFocus rates HKSE:08516 with a GF Score™ of 63/100 and a GF Value™ of HK$2.25 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,707 Construction companies, Zhong Ying International Group ranks worse than 58582.25% 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 Zhong Ying International Group's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of Zhong Ying International Group was -5.87. The lowest was -6.88. And the median was -6.38.

Zhong Ying International Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Zhong Ying International Group'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.

Zhong Ying International Group Beneish M-Score Chart

Zhong Ying International Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -6.88 0.00 0.00 0.00

Zhong Ying International Group Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -7.88 0.00 0.00 0.00

HKSE:08516 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Zhong Ying International Group'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.

Zhong Ying International Group Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Zhong Ying International Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Zhong Ying International Group's Beneish M-Score falls into.


HKSE:08516
63GF Score
Zhong Ying International Group Ltd HKSE:08516
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhong Ying International Group 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 Zhong Ying International Group 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was HK$89.13 Mil.
Revenue was HK$65.11 Mil.
Gross Profit was HK$10.32 Mil.
Total Current Assets was HK$107.32 Mil.
Total Assets was HK$108.86 Mil.
Property, Plant and Equipment(Net PPE) was HK$1.54 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0.89 Mil.
Selling, General, & Admin. Expense(SGA) was HK$13.94 Mil.
Total Current Liabilities was HK$80.12 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.19 Mil.
Net Income was HK$-6.05 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$-15.17 Mil.
 Total Receivables was HK$26.68 Mil.
Revenue was HK$35.16 Mil.
Gross Profit was HK$9.62 Mil.
Total Current Assets was HK$27.14 Mil.
Total Assets was HK$27.54 Mil.
Property, Plant and Equipment(Net PPE) was HK$0.40 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0.65 Mil.
Selling, General, & Admin. Expense(SGA) was HK$8.54 Mil.
Total Current Liabilities was HK$20.17 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.06 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)
=(89.128 / 65.112) / (26.679 / 35.155)
=1.368841 / 0.758896
=

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)
=(9.624 / 35.155) / (10.321 / 65.112)
=0.273759 / 0.158511
=

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 - (107.322 + 1.542) / 108.864) / (1 - (27.143 + 0.4) / 27.543)
=0 / 0
=

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
=65.112 / 35.155
=

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))
=(0.647 / (0.647 + 0.4)) / (0.887 / (0.887 + 1.542))
=0.617956 / 0.365171
=

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)
=(13.942 / 65.112) / (8.544 / 35.155)
=0.214123 / 0.243038
=

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)
=((0.192 + 80.124) / 108.864) / ((0.063 + 20.169) / 27.543)
=0.737765 / 0.734561
=

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
=(-6.046 - 0 - -15.165) / 108.864
=0.083765

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Zhong Ying International Group (HKSE:08516) has a Beneish M-Score of 0.00 as of Aug. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Zhong Ying International Group and its competitors. According to the industry distribution chart, Zhong Ying International Group ranks #999999 out of 1707 companies in the Construction industry.
Is Zhong Ying International Group's Beneish M-Score too high?
Zhong Ying International Group's current Beneish M-Score is 0.00. Based on the distribution chart, Zhong Ying International Group ranks #999999 out of 1707 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Zhong Ying International Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhong Ying International Group's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Zhong Ying International Group ranks #999999 out of 1707 companies for Beneish M-Score. This places Zhong Ying International Group 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 Zhong Ying International Group and its competitors. Zhong Ying International Group'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 Zhong Ying International Group stock overvalued right now?
Based on GuruFocus' analysis, Zhong Ying International Group (HKSE:08516) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$2.25, compared to a current price of HK$1.70 — trading 24.7% below its estimated fair value. The current Beneish M-Score is 0.00. Zhong Ying International Group's overall GF Score™ is 63/100 with 7 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 Zhong Ying International Group (HKSE:08516), the current Beneish M-Score is 0.00 as of Aug. 18, 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 Zhong Ying International Group (HKSE:08516) Overvalued in 2026?

Based on GuruFocus' analysis, Zhong Ying International Group stock appears to be undervalued. The current stock price of HK$1.70 is trading 24.7% below its estimated GF Value™ of HK$2.25. GuruFocus considers Zhong Ying International Group to be Modestly Undervalued.

Key valuation signals for HKSE:08516:

  • Beneish M-Score: 0.00
  • GF Value™: HK$2.25 vs. price of HK$1.70 (24.7% below fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the HKSE:08516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zhong Ying International Group Business Description

Address 3 Salisbury Road, Room 1417, 14th Floor, Star House, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Zhong Ying International Group Ltd operates as a subcontractor engaged in civil engineering works principally repairing and maintaining structures of roads and highways in Hong Kong, with focus in Kowloon and Hong Kong Island.
63GF Score

Get the complete analysis for HKSE:08516

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

HK$1.70
Price
HK$2.25
GF Value