Sitra Holdings (International) (SGX:5LE) Beneish M-Score: -2.91 (As of Jun. 27, 2026)


What is Sitra Holdings (International) Beneish M-Score?

Sitra Holdings (International) SGX:5LE Beneish M-Score is -2.91 as of Jun. 27, 2026. The stock has 6 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, Sitra Holdings (International) ranks better than 79.47% 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 -2.91 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Sitra Holdings (International)'s Beneish M-Score or its related term are showing as below:

SGX:5LE' s Beneish M-Score Range Over the Past 10 Years
Min: -4.04   Med: -2.9   Max: 57.29
Current: -2.91

During the past 13 years, the highest Beneish M-Score of Sitra Holdings (International) was 57.29. The lowest was -4.04. And the median was -2.90.

Sitra Holdings (International) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sitra Holdings (International)'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.

Sitra Holdings (International) Beneish M-Score Chart

Sitra Holdings (International) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.81 -4.04 -2.88 57.29 -2.91

Sitra Holdings (International) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.88 0.00 57.29 0.00 -2.91

SGX:5LE vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Sitra Holdings (International)'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.

Sitra Holdings (International) Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sitra Holdings (International)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sitra Holdings (International)'s Beneish M-Score falls into.


Sitra Holdings (International) 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 Sitra Holdings (International) 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 * 0.5975+0.528 * 1.2748+0.404 * 1.059+0.892 * 1.2116+0.115 * 1.4462
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7162+4.679 * -0.100133-0.327 * 1.1636
=-2.91

* 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 S$0.47 Mil.
Revenue was S$15.38 Mil.
Gross Profit was S$1.13 Mil.
Total Current Assets was S$2.10 Mil.
Total Assets was S$11.26 Mil.
Property, Plant and Equipment(Net PPE) was S$5.72 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.30 Mil.
Selling, General, & Admin. Expense(SGA) was S$2.40 Mil.
Total Current Liabilities was S$1.99 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.00 Mil.
Net Income was S$-1.25 Mil.
Gross Profit was S$0.00 Mil.
Cash Flow from Operations was S$-0.12 Mil.
 Total Receivables was S$0.65 Mil.
Revenue was S$12.69 Mil.
Gross Profit was S$1.19 Mil.
Total Current Assets was S$2.70 Mil.
Total Assets was S$12.11 Mil.
Property, Plant and Equipment(Net PPE) was S$5.94 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.46 Mil.
Selling, General, & Admin. Expense(SGA) was S$2.76 Mil.
Total Current Liabilities was S$1.81 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.03 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)
=(0.472 / 15.377) / (0.652 / 12.691)
=0.030695 / 0.051375
=0.5975

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)
=(1.191 / 12.691) / (1.132 / 15.377)
=0.093846 / 0.073616
=1.2748

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 - (2.104 + 5.723) / 11.255) / (1 - (2.695 + 5.935) / 12.114)
=0.304576 / 0.287601
=1.059

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
=15.377 / 12.691
=1.2116

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))
=(0.456 / (0.456 + 5.935)) / (0.297 / (0.297 + 5.723))
=0.07135 / 0.049336
=1.4462

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)
=(2.395 / 15.377) / (2.76 / 12.691)
=0.155752 / 0.217477
=0.7162

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 + 1.986) / 11.255) / ((0.031 + 1.806) / 12.114)
=0.176455 / 0.151643
=1.1636

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
=(-1.25 - 0 - -0.123) / 11.255
=-0.100133

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.

Sitra Holdings (International) has a M-score of -2.91 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 -2.91 mean?
Sitra Holdings (International) (SGX:5LE) has a Beneish M-Score of -2.91 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sitra Holdings (International) and its competitors. According to the industry distribution chart, Sitra Holdings (International) ranks #86 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 20.5%.
Is Sitra Holdings (International)'s Beneish M-Score too high?
Sitra Holdings (International)'s current Beneish M-Score is -2.91. Based on the distribution chart, Sitra Holdings (International) ranks #86 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers.
How does Sitra Holdings (International)'s Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sitra Holdings (International) ranks #86 out of 419 companies for Beneish M-Score. This places Sitra Holdings (International) in the top 21% 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Sitra Holdings (International) and its competitors. Sitra Holdings (International)'s current Beneish M-Score is -2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sitra Holdings (International) stock overvalued right now?
Based on GuruFocus' analysis, Sitra Holdings (International) (SGX:5LE) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.02 — trading 140% above its estimated fair value. The current Beneish M-Score is -2.91. 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 Sitra Holdings (International) (SGX:5LE), the current Beneish M-Score is -2.91 as of Jun. 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.

Sitra Holdings (International) Business Description

Address 8 Ubi Road 2, No: 05-24 Zervex, Singapore, SGP, 408538
Sitra Holdings (International) Ltd is the distributor of wood-based products and lifestyle outdoor furniture in Singapore. The company is engaged in importing and exporting wood-based, lifestyle furniture, and other related products. The company's products can be categorized into two main groups namely- wood-based products such as decks and decking systems, flooring, a full range of fences, and Outdoor lifestyle furniture such as outdoor garden furniture, garden accessories and contract furnishings and second segment- Property development. Its primary geographic areas include Australia, New Zealand, Europe, and Asia generating key revenue from European markets.