Noontalk Media (SGX:SEJ) Beneish M-Score: -4.61 (As of Jul. 01, 2026)


What is Noontalk Media Beneish M-Score?

Noontalk Media SGX:SEJ +26.92% Beneish M-Score is -4.61 as of Jul. 01, 2026. The stock has 4 warning signs investors should review. Among 983 Media - Diversified companies, Noontalk Media ranks better than 94.51% 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 -4.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SGX:SEJ' s Beneish M-Score Range Over the Past 10 Years
Min: -4.61   Med: -2.02   Max: 1.36
Current: -4.61

During the past 6 years, the highest Beneish M-Score of Noontalk Media was 1.36. The lowest was -4.61. And the median was -2.02.

Noontalk Media Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Noontalk Media'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.

Noontalk Media Beneish M-Score Chart

Noontalk Media Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.99 -2.05 1.36 -4.61

Noontalk Media Quarterly Data
Jun20 Jun21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -4.61 0.00 0.00

SGX:SEJ vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Noontalk Media'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.

Noontalk Media Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Noontalk Media's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Noontalk Media's Beneish M-Score falls into.


Noontalk Media 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 Noontalk Media 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 * 0.845+0.528 * 0.3946+0.404 * 0.7594+0.892 * 1.4096+0.115 * 0.7147
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5713+4.679 * -0.370754-0.327 * 1.7375
=-4.61

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was S$1.02 Mil.
Revenue was S$6.26 Mil.
Gross Profit was S$0.49 Mil.
Total Current Assets was S$2.14 Mil.
Total Assets was S$2.41 Mil.
Property, Plant and Equipment(Net PPE) was S$0.15 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.74 Mil.
Selling, General, & Admin. Expense(SGA) was S$2.35 Mil.
Total Current Liabilities was S$2.12 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.69 Mil.
Net Income was S$-1.80 Mil.
Gross Profit was S$0.00 Mil.
Cash Flow from Operations was S$-0.90 Mil.
 Total Receivables was S$0.86 Mil.
Revenue was S$4.44 Mil.
Gross Profit was S$0.14 Mil.
Total Current Assets was S$3.34 Mil.
Total Assets was S$4.24 Mil.
Property, Plant and Equipment(Net PPE) was S$0.62 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.91 Mil.
Selling, General, & Admin. Expense(SGA) was S$2.92 Mil.
Total Current Liabilities was S$2.63 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.22 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)
=(1.022 / 6.257) / (0.858 / 4.439)
=0.163337 / 0.193287
=0.845

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)
=(0.138 / 4.439) / (0.493 / 6.257)
=0.031088 / 0.078792
=0.3946

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 - (2.143 + 0.15) / 2.414) / (1 - (3.342 + 0.62) / 4.242)
=0.050124 / 0.066007
=0.7594

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
=6.257 / 4.439
=1.4096

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))
=(0.909 / (0.909 + 0.62)) / (0.742 / (0.742 + 0.15))
=0.594506 / 0.831839
=0.7147

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)
=(2.349 / 6.257) / (2.917 / 4.439)
=0.37542 / 0.65713
=0.5713

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)
=((0.69 + 2.121) / 2.414) / ((0.218 + 2.625) / 4.242)
=1.164457 / 0.670203
=1.7375

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
=(-1.796 - 0 - -0.901) / 2.414
=-0.370754

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.

Noontalk Media has a M-score of -4.61 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 -4.61 mean?
Noontalk Media (SGX:SEJ) has a Beneish M-Score of -4.61 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Noontalk Media and its competitors. According to the industry distribution chart, Noontalk Media ranks #54 out of 983 companies in the Media - Diversified industry, placing it in the top 5.5%.
Is Noontalk Media's Beneish M-Score too high?
Noontalk Media's current Beneish M-Score is -4.61. Based on the distribution chart, Noontalk Media ranks #54 out of 983 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers.
How does Noontalk Media's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Noontalk Media ranks #54 out of 983 companies for Beneish M-Score. This places Noontalk Media in the top 6% 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Noontalk Media and its competitors. Noontalk Media's current Beneish M-Score is -4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noontalk Media stock overvalued right now?
Based on GuruFocus' analysis, Noontalk Media (SGX:SEJ) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.12, compared to a current price of S$0.07 — trading 45% below its estimated fair value. The current Beneish M-Score is -4.61. 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 Noontalk Media (SGX:SEJ), the current Beneish M-Score is -4.61 as of Jul. 01, 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.

Noontalk Media Business Description

Address 1 Harvey Road, No. 04-01, Tan Heng Lee Building, Singapore, SGP, 369610
Noontalk Media Ltd is a media entertainment company. The business activities of the group are carried out through the Management & events and Production segments. The Management & events segment comprises the management of artistes as their talent management agency, the production of events by the group for third parties using the Group's branding, the rendering of management services, and the rental of studio premises. The Production segment comprises the production of television dramas, film, events, marketing campaigns and media content by the group for third parties without the group's branding. The company earns the majority of its revenue from the Production segment.