SNEHF (Snack Empire Holdings) Beneish M-Score: -2.11 (As of Jun. 25, 2026)


SNEHF Snack Empire Holdings Ltd SNEHF
60 GF Score
Price $0.03
GF Value $0.03
! 4 Warning Signs
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What is Snack Empire Holdings Beneish M-Score?

Snack Empire Holdings SNEHF 60 Beneish M-Score is -2.11 as of Jun. 25, 2026. GuruFocus rates SNEHF with a GF Score™ of 60/100 and a GF Value™ of $0.03. The stock has 4 warning signs investors should review. Among 357 Restaurants companies, Snack Empire Holdings ranks worse than 87.39% 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 -2.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SNEHF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.73   Med: -2.32   Max: -2.11
Current: -2.11

During the past 9 years, the highest Beneish M-Score of Snack Empire Holdings was -2.11. The lowest was -2.73. And the median was -2.32.


Snack Empire Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Snack Empire 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.

Snack Empire Holdings Beneish M-Score Chart

Snack Empire Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 -2.73 0.00 -2.11

Snack Empire Holdings Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 0.00 0.00 -2.11 0.00

SNEHF vs MCD, SBUX, CMG: Beneish M-Score Comparison

For the Restaurants subindustry, Snack Empire 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.


Snack Empire Holdings Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Snack Empire Holdings's Beneish M-Score distribution charts can be found below:

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


SNEHF
60GF Score
Snack Empire Holdings Ltd SNEHF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Snack Empire 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 Snack Empire 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 * 1.6172+0.528 * 0.9814+0.404 * 0.7545+0.892 * 1.1797+0.115 * 1.0088
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0321+4.679 * -0.049295-0.327 * 1.0199
=-2.10

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $0.91 Mil.
Revenue was $22.14 Mil.
Gross Profit was $13.99 Mil.
Total Current Assets was $17.51 Mil.
Total Assets was $25.68 Mil.
Property, Plant and Equipment(Net PPE) was $8.09 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.23 Mil.
Selling, General, & Admin. Expense(SGA) was $14.45 Mil.
Total Current Liabilities was $4.42 Mil.
Long-Term Debt & Capital Lease Obligation was $2.38 Mil.
Net Income was $-0.36 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $0.90 Mil.
Total Receivables was $0.48 Mil.
Revenue was $18.77 Mil.
Gross Profit was $11.64 Mil.
Total Current Assets was $19.22 Mil.
Total Assets was $25.30 Mil.
Property, Plant and Equipment(Net PPE) was $5.97 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.67 Mil.
Selling, General, & Admin. Expense(SGA) was $11.87 Mil.
Total Current Liabilities was $4.01 Mil.
Long-Term Debt & Capital Lease Obligation was $2.57 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)
=(0.91 / 22.138) / (0.477 / 18.766)
=0.041106 / 0.025418
=1.6172

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)
=(11.638 / 18.766) / (13.989 / 22.138)
=0.620164 / 0.6319
=0.9814

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 - (17.509 + 8.088) / 25.682) / (1 - (19.223 + 5.967) / 25.301)
=0.00331 / 0.004387
=0.7545

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
=22.138 / 18.766
=1.1797

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))
=(1.666 / (1.666 + 5.967)) / (2.233 / (2.233 + 8.088))
=0.218263 / 0.216355
=1.0088

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)
=(14.449 / 22.138) / (11.867 / 18.766)
=0.652679 / 0.632367
=1.0321

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)
=((2.384 + 4.421) / 25.682) / ((2.565 + 4.008) / 25.301)
=0.264972 / 0.259792
=1.0199

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
=(-0.362 - 0 - 0.904) / 25.682
=-0.049295

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.

Snack Empire Holdings has a M-score of -2.10 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 -2.11 mean?
Snack Empire Holdings (SNEHF) has a Beneish M-Score of -2.11 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Snack Empire Holdings and its competitors. According to the industry distribution chart, Snack Empire Holdings ranks #312 out of 357 companies in the Restaurants industry, placing it in the top 87.4%.
Is Snack Empire Holdings' Beneish M-Score too high?
Snack Empire Holdings' current Beneish M-Score is -2.11. Based on the distribution chart, Snack Empire Holdings ranks #312 out of 357 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Snack Empire Holdings has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Snack Empire Holdings' Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Snack Empire Holdings ranks #312 out of 357 companies for Beneish M-Score. This places Snack Empire Holdings 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Snack Empire Holdings and its competitors. Snack Empire Holdings's current Beneish M-Score is -2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snack Empire Holdings stock overvalued right now?
Snack Empire Holdings (SNEHF) has a current Beneish M-Score of -2.11. The stock's GF Value™ is $0.03, compared to a current price of $0.03 — trading right at its estimated fair value. The current Beneish M-Score is -2.11. Snack Empire Holdings' overall GF Score™ is 60/100 with 4 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 Snack Empire Holdings (SNEHF), the current Beneish M-Score is -2.11 as of Jun. 25, 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 Snack Empire Holdings (SNEHF) Overvalued in 2026?

Based on GuruFocus' analysis, Snack Empire Holdings stock appears to be undervalued. The current stock price of $0.03 is trading 0% below its estimated GF Value™ of $0.03.

Key valuation signals for SNEHF:

  • Beneish M-Score: -2.11
  • GF Value™: $0.03 vs. price of $0.03 (0% below fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Snack Empire Holdings Business Description

Other Exchanges 01843:Hong Kong
Address 10, Anson Road, No 21-02, International Plaza, Singapore, SGP, 079903
Snack Empire Holdings Ltd is a food and beverage group offering Taiwanese Snacks and Beverages under the Shihlin Taiwan Street Snacks brand. The company operates two basic models, namely the Self-operated model and the franchise and license model. Its geographical segments include Singapore and Malaysia, out of which the majority of the revenue is generated from Singapore.
60GF Score

Get the complete analysis for SNEHF

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

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