Strip Tinning Holdings (LSE:STG) Beneish M-Score: -4.35 (As of Jul. 02, 2026)


LSE:STG Strip Tinning Holdings PLC LSE:STG
30 GF Score
Price £0.18
GF Value £0.35
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Strip Tinning Holdings Beneish M-Score?

Strip Tinning Holdings LSE:STG 30 Beneish M-Score is -4.35 as of Jul. 02, 2026. GuruFocus rates LSE:STG with a GF Score™ of 30/100 and a GF Value™ of £0.35 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,276 Vehicles & Parts companies, Strip Tinning Holdings ranks better than 97.96% 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 -4.35 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Strip Tinning Holdings's Beneish M-Score or its related term are showing as below:

LSE:STG' s Beneish M-Score Range Over the Past 10 Years
Min: -4.35   Med: -2.99   Max: -0.25
Current: -4.35

During the past 9 years, the highest Beneish M-Score of Strip Tinning Holdings was -0.25. The lowest was -4.35. And the median was -2.99.

Strip Tinning Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Strip Tinning 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.

Strip Tinning Holdings Beneish M-Score Chart

Strip Tinning Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -2.49 -0.25 -3.65 -3.72 -4.35

Strip Tinning Holdings Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -3.65 0.00 -3.72 0.00 -4.35

LSE:STG vs ORLY, AZO, GPC: Beneish M-Score Comparison

For the Auto Parts subindustry, Strip Tinning 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.

Strip Tinning Holdings Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Strip Tinning Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Strip Tinning Holdings's Beneish M-Score falls into.


LSE:STG
30GF Score
Strip Tinning Holdings PLC LSE:STG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Strip Tinning 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 Strip Tinning 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 * 0.8955+0.528 * 0.8192+0.404 * 1.3322+0.892 * 0.9518+0.115 * 0.8536
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9561+4.679 * -0.352902-0.327 * 1.3317
=-4.35

* 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 £1.66 Mil.
Revenue was £8.59 Mil.
Gross Profit was £3.47 Mil.
Total Current Assets was £3.96 Mil.
Total Assets was £10.41 Mil.
Property, Plant and Equipment(Net PPE) was £3.80 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.23 Mil.
Selling, General, & Admin. Expense(SGA) was £6.02 Mil.
Total Current Liabilities was £3.87 Mil.
Long-Term Debt & Capital Lease Obligation was £5.30 Mil.
Net Income was £-2.11 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £1.57 Mil.
 Total Receivables was £1.94 Mil.
Revenue was £9.03 Mil.
Gross Profit was £2.99 Mil.
Total Current Assets was £5.14 Mil.
Total Assets was £11.66 Mil.
Property, Plant and Equipment(Net PPE) was £4.28 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.13 Mil.
Selling, General, & Admin. Expense(SGA) was £6.62 Mil.
Total Current Liabilities was £2.45 Mil.
Long-Term Debt & Capital Lease Obligation was £5.27 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)
=(1.657 / 8.592) / (1.944 / 9.027)
=0.192854 / 0.215354
=0.8955

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)
=(2.989 / 9.027) / (3.473 / 8.592)
=0.331118 / 0.404213
=0.8192

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 - (3.957 + 3.798) / 10.408) / (1 - (5.142 + 4.283) / 11.655)
=0.2549 / 0.191334
=1.3322

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
=8.592 / 9.027
=0.9518

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))
=(1.134 / (1.134 + 4.283)) / (1.234 / (1.234 + 3.798))
=0.209341 / 0.245231
=0.8536

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)
=(6.021 / 8.592) / (6.616 / 9.027)
=0.700768 / 0.732912
=0.9561

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)
=((5.302 + 3.869) / 10.408) / ((5.266 + 2.446) / 11.655)
=0.881149 / 0.66169
=1.3317

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
=(-2.107 - 0 - 1.566) / 10.408
=-0.352902

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.

Strip Tinning Holdings has a M-score of -4.35 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 -4.35 mean?
Strip Tinning Holdings (LSE:STG) has a Beneish M-Score of -4.35 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Strip Tinning Holdings and its competitors. According to the industry distribution chart, Strip Tinning Holdings ranks #26 out of 1276 companies in the Vehicles & Parts industry, placing it in the top 2%.
Is Strip Tinning Holdings' Beneish M-Score too high?
Strip Tinning Holdings' current Beneish M-Score is -4.35. Based on the distribution chart, Strip Tinning Holdings ranks #26 out of 1276 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Strip Tinning Holdings has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Strip Tinning Holdings' Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Strip Tinning Holdings ranks #26 out of 1276 companies for Beneish M-Score. This places Strip Tinning Holdings in the top 2% 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Strip Tinning Holdings and its competitors. Strip Tinning Holdings's current Beneish M-Score is -4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strip Tinning Holdings stock overvalued right now?
Based on GuruFocus' analysis, Strip Tinning Holdings (LSE:STG) is currently considered Possible Value Trap. The stock's GF Value™ is £0.35, compared to a current price of £0.18 — trading 50% below its estimated fair value. The current Beneish M-Score is -4.35. Strip Tinning Holdings' overall GF Score™ is 30/100 with 6 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 Strip Tinning Holdings (LSE:STG), the current Beneish M-Score is -4.35 as of Jul. 02, 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 Strip Tinning Holdings (LSE:STG) Overvalued in 2026?

Based on GuruFocus' analysis, Strip Tinning Holdings stock appears to be undervalued. The current stock price of £0.18 is trading 50% below its estimated GF Value™ of £0.35. GuruFocus considers Strip Tinning Holdings to be Possible Value Trap.

Key valuation signals for LSE:STG:

  • Beneish M-Score: -4.35
  • GF Value™: £0.35 vs. price of £0.18 (50% below fair value)
  • GF Score™: 30/100 with 6 warning signs

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

Strip Tinning Holdings Business Description

Address Arden Road, Arden Business Park, Unit 5-6, Frankley, Birmingham, West Midlands, GBR, B45 0JA
Strip Tinning Holdings PLC is as a holding company which manufactures automotive busbar, ancillary connectors and flexible printed circuits. Its activities are design and manufacture of a full suite of glazing connectors, Flexible Printed Circuits and Cell Contact Systems for Electric Vehicles. It has four product groups, all serving the automotive electrical connector market. Glazing segment is made up of Busbar and Connectors, whilst its Battery Technology (BT)segment contains Flexible Printed Circuits (FPC) and Cell Contacting Systems (CCS). The Battery Technology segment has other uses such as static battery storage and other adjacent markets. Its segments are Glazing, and EV. It generates majority of revenue from Glazing. It has presence in UK, Rest of Europe, and Rest of world.
30GF Score

Get the complete analysis for LSE:STG

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

£0.18
Price
£0.35
GF Value