Intsig Information Co (SHSE:688615) Beneish M-Score: -2.30 (As of Sep. 08, 2026)

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SHSE:688615 Intsig Information Co Ltd SHSE:688615
49 GF Score
Price ¥92.55
! 2 Warning Signs
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What is Intsig Information Co Beneish M-Score?

Intsig Information Co SHSE:688615 -2.46% 49 Beneish M-Score is -2.30 as of Sep. 08, 2026. GuruFocus rates SHSE:688615 with a GF Score™ of 49/100. The stock has 2 warning signs investors should review. Among 2,643 Software companies, Intsig Information Co ranks worse than 63.34% 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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SHSE:688615' s Beneish M-Score Range Over the Past 10 Years
Min: -2.51   Med: -2.27   Max: 2.91
Current: -2.3

During the past 8 years, the highest Beneish M-Score of Intsig Information Co was 2.91. The lowest was -2.51. And the median was -2.27.


Intsig Information Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Intsig Information 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.

Intsig Information Co Beneish M-Score Chart

Intsig Information Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -1.73 -2.51 -2.27

Intsig Information Co Quarterly Data
Dec20 Mar21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.29 -2.20 -2.27 -2.32 -2.30

SHSE:688615 vs MSFT, PLTR, ORCL: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Intsig Information 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.


Intsig Information Co Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Intsig Information Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Intsig Information Co's Beneish M-Score falls into.


SHSE:688615
49GF Score
Intsig Information Co Ltd SHSE:688615
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Intsig Information Co 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 Intsig Information 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 * 1.0154+0.528 * 0.9779+0.404 * 1.6376+0.892 * 1.2539+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0859+4.679 * -0.058525-0.327 * 1.0463
=-2.30

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was ¥200 Mil.
Revenue was 527.237 + 503.725 + 506.19 + 460.353 = ¥1,998 Mil.
Gross Profit was 455.294 + 441.177 + 442.785 + 398.743 = ¥1,738 Mil.
Total Current Assets was ¥3,555 Mil.
Total Assets was ¥3,898 Mil.
Property, Plant and Equipment(Net PPE) was ¥127 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥522 Mil.
Total Current Liabilities was ¥900 Mil.
Long-Term Debt & Capital Lease Obligation was ¥23 Mil.
Net Income was 91.461 + 155.248 + 103.042 + 115.713 = ¥465 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was 83.217 + 191.039 + 235.338 + 184.002 = ¥694 Mil.
Total Receivables was ¥157 Mil.
Revenue was 448.101 + 394.996 + 388.875 + 361.086 = ¥1,593 Mil.
Gross Profit was 389.387 + 338.116 + 326.847 + 301.058 = ¥1,355 Mil.
Total Current Assets was ¥3,204 Mil.
Total Assets was ¥3,486 Mil.
Property, Plant and Equipment(Net PPE) was ¥165 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥383 Mil.
Total Current Liabilities was ¥765 Mil.
Long-Term Debt & Capital Lease Obligation was ¥24 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)
=(199.657 / 1997.505) / (156.812 / 1593.058)
=0.099953 / 0.098435
=1.0154

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)
=(1355.408 / 1593.058) / (1737.999 / 1997.505)
=0.850822 / 0.870085
=0.9779

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 - (3555.407 + 127.262) / 3898.053) / (1 - (3204.017 + 164.819) / 3486.471)
=0.055254 / 0.03374
=1.6376

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
=1997.505 / 1593.058
=1.2539

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 / (0 + 164.819)) / (0 / (0 + 127.262))
=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

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)
=(521.985 / 1997.505) / (383.362 / 1593.058)
=0.261318 / 0.240645
=1.0859

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)
=((23.017 + 900.378) / 3898.053) / ((24.079 + 765.244) / 3486.471)
=0.236886 / 0.226396
=1.0463

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
=(465.464 - 0 - 693.596) / 3898.053
=-0.058525

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.

Intsig Information Co has a M-score of -2.30 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 -2.30 mean?
Intsig Information Co (SHSE:688615) has a Beneish M-Score of -2.30 as of Sep. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Intsig Information Co and its competitors. According to the industry distribution chart, Intsig Information Co ranks #1674 out of 2643 companies in the Software industry, placing it in the top 63.3%.
Is Intsig Information Co's Beneish M-Score too high?
Intsig Information Co's current Beneish M-Score is -2.30. Based on the distribution chart, Intsig Information Co ranks #1674 out of 2643 companies in the Software industry, which is below the industry midpoint. Overall, Intsig Information Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Intsig Information Co's Beneish M-Score compare to MSFT and PLTR?
According to the Software industry distribution chart, Intsig Information Co ranks #1674 out of 2643 companies for Beneish M-Score. This places Intsig Information 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 Software company?
A good Beneish M-Score depends on the Software 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 Intsig Information Co and its competitors. Intsig Information Co's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intsig Information Co stock overvalued right now?
Intsig Information Co (SHSE:688615) has a current Beneish M-Score of -2.30. The current Beneish M-Score is -2.30. Intsig Information Co's overall GF Score™ is 49/100 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 Intsig Information Co (SHSE:688615), the current Beneish M-Score is -2.30 as of Sep. 08, 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.

Intsig Information Co Business Description

Address 1258 Wanrong Road, Room 1105-1123, No. 1256, Jing\'an District, Shanghai, CHN, 200436
Intsig Information Co Ltd is an industry-leading tech company specializing in business data, artificial intelligence, and mobile applications. It is engaged in providing digital and intelligent products and services to global C-end users and B-end customers in diverse industries. INTSIG focuses mainly on Optical Character Recognition (OCR) technologies and currently holds over 110 global invention patents. Its products support more than 50 languages and can recognize many types of documents, including business cards, IDs, bank cards, and transactional documents such as invoices, receipts, packing lists contracts, etc. It also provides integrated OCR+Data+AI solutions that deliver competitive advantages in various industries, including manufacturing, banking, retail, securities, etc.
49GF Score

Get the complete analysis for SHSE:688615

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

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