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Dazzle Fashion CoSHSE:603587 -2.61%84 Beneish M-Score is -1.80 as of Jul. 26, 2026. GuruFocus rates SHSE:603587 with a GF Score™ of 84/100 and a GF Value™ of ¥12.45 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Dazzle Fashion Co ranks worse than 80.3% 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 -1.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Dazzle Fashion Co's Beneish M-Score or its related term are showing as below:
SHSE:603587'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.19 Med: -2.61 Max: 4.65
Current: -1.8
During the past 13 years, the highest Beneish M-Score of Dazzle Fashion Co was 4.65. The lowest was -3.19. And the median was -2.61.
Dazzle Fashion Co Beneish M-Score Related Terms
Dazzle Fashion Co Beneish M-Score Historical Data
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The historical data trend for Dazzle Fashion Co'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.
SHSE:603587 vs RL, LEVI, VFC: Beneish M-Score Comparison
For the Apparel Manufacturing subindustry, Dazzle Fashion Co'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.
Dazzle Fashion Co Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Dazzle Fashion Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dazzle Fashion Co's Beneish M-Score falls into.
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 Dazzle Fashion Co 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 * 0.9595
+
0.528 * 0.9973
+
0.404 * 3.4533
+
0.892 * 1.0026
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9728
+
4.679 * -0.070217
-
0.327 * 0.8412
=
-1.80
* 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))
=
(0 / (0 + 615.346))
/
(0 / (0 + 558.632))
=
0
/
0
=
1
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
=
(278.462 - 0
-
582.643)
/
4332.006
=
-0.070217
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.
Dazzle Fashion Co has a M-score of -1.80 suggests that the company is unlikely to be a manipulator.
Dazzle Fashion Co (SHSE:603587) has a Beneish M-Score of -1.80 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dazzle Fashion Co and its competitors. According to the industry distribution chart, Dazzle Fashion Co ranks #803 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 80.3%.
Is Dazzle Fashion Co's Beneish M-Score too high?
Dazzle Fashion Co's current Beneish M-Score is -1.80. Based on the distribution chart, Dazzle Fashion Co ranks #803 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Dazzle Fashion Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dazzle Fashion Co's Beneish M-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Dazzle Fashion Co ranks #803 out of 1000 companies for Beneish M-Score. This places Dazzle Fashion Co 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Dazzle Fashion Co and its competitors. Dazzle Fashion Co's current Beneish M-Score is -1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dazzle Fashion Co stock overvalued right now?
Based on GuruFocus' analysis, Dazzle Fashion Co (SHSE:603587) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.45, compared to a current price of ¥11.18 — trading 10.2% below its estimated fair value. The current Beneish M-Score is -1.80. Dazzle Fashion Co's overall GF Score™ is 84/100 with 2 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 Dazzle Fashion Co (SHSE:603587), the current Beneish M-Score is -1.80 as of Jul. 26, 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 Dazzle Fashion Co (SHSE:603587) Overvalued in 2026?
Based on GuruFocus' analysis, Dazzle Fashion Co stock appears to be undervalued.
The current stock price of ¥11.18 is trading 10.2% below its estimated GF Value™ of ¥12.45.
GuruFocus considers Dazzle Fashion Co to be Modestly Undervalued.
Key valuation signals for SHSE:603587:
Beneish M-Score: -1.80
GF Value™: ¥12.45 vs. price of ¥11.18 (10.2% below fair value)
No single metric tells the full story. See the SHSE:603587 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dazzle Fashion Co Ltd is engaged in the design, promotion, and sales of mid-to-high-end brand women's clothing. Its business scope also includes sales of clothing, leather goods, bags, shoes, hats, eyeglasses, artificial jewelry, toys, home decorations, daily necessities, furniture, lamps, stationery, cosmetics, electronic products, computer hardware and software, and decoration materials via e-commerce.
84GF Score
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