Sunevision Holdings (STU:VI6) Beneish M-Score: -2.46 (As of Jun. 27, 2026)


STU:VI6 Sunevision Holdings Ltd STU:VI6
89 GF Score
Price €0.00
GF Value €0.50
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Sunevision Holdings Beneish M-Score?

Sunevision Holdings STU:VI6 89 Beneish M-Score is -2.46 as of Jun. 27, 2026. GuruFocus rates STU:VI6 with a GF Score™ of 89/100 and a GF Value™ of €0.50 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,682 Real Estate companies, Sunevision Holdings ranks better than 57.19% 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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:VI6' s Beneish M-Score Range Over the Past 10 Years
Min: -3.04   Med: -2.46   Max: 3.37
Current: -2.46

During the past 13 years, the highest Beneish M-Score of Sunevision Holdings was 3.37. The lowest was -3.04. And the median was -2.46.


Sunevision Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sunevision 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.

Sunevision Holdings Beneish M-Score Chart

Sunevision Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.57 3.37 -2.46 -2.46 -2.46

Sunevision Holdings 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 0.00 -2.46 0.00 -2.46 0.00

STU:VI6 vs CBRE, BEKE: Beneish M-Score Comparison

For the Real Estate Services subindustry, Sunevision 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.


Sunevision Holdings Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunevision Holdings's Beneish M-Score distribution charts can be found below:

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


STU:VI6
89GF Score
Sunevision Holdings Ltd STU:VI6
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunevision 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 Sunevision 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 * 1.1816+0.528 * 0.9335+0.404 * 0.9251+0.892 * 1.0206+0.115 * 0.9435
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.057+4.679 * -0.035914-0.327 * 0.9709
=-2.53

* 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 €85.2 Mil.
Revenue was €324.6 Mil.
Gross Profit was €183.9 Mil.
Total Current Assets was €151.6 Mil.
Total Assets was €2,750.1 Mil.
Property, Plant and Equipment(Net PPE) was €2,592.0 Mil.
Depreciation, Depletion and Amortization(DDA) was €70.5 Mil.
Selling, General, & Admin. Expense(SGA) was €19.9 Mil.
Total Current Liabilities was €433.7 Mil.
Long-Term Debt & Capital Lease Obligation was €1,623.7 Mil.
Net Income was €108.2 Mil.
Gross Profit was €0.0 Mil.
Cash Flow from Operations was €207.0 Mil.
Total Receivables was €70.6 Mil.
Revenue was €318.0 Mil.
Gross Profit was €168.2 Mil.
Total Current Assets was €147.5 Mil.
Total Assets was €2,863.3 Mil.
Property, Plant and Equipment(Net PPE) was €2,708.5 Mil.
Depreciation, Depletion and Amortization(DDA) was €69.4 Mil.
Selling, General, & Admin. Expense(SGA) was €18.4 Mil.
Total Current Liabilities was €233.5 Mil.
Long-Term Debt & Capital Lease Obligation was €1,972.8 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)
=(85.195 / 324.56) / (70.646 / 318.013)
=0.262494 / 0.222148
=1.1816

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)
=(168.238 / 318.013) / (183.934 / 324.56)
=0.529029 / 0.566718
=0.9335

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 - (151.583 + 2591.966) / 2750.07) / (1 - (147.512 + 2708.494) / 2863.346)
=0.002371 / 0.002563
=0.9251

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
=324.56 / 318.013
=1.0206

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))
=(69.404 / (69.404 + 2708.494)) / (70.501 / (70.501 + 2591.966))
=0.024984 / 0.02648
=0.9435

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)
=(19.883 / 324.56) / (18.432 / 318.013)
=0.061261 / 0.05796
=1.057

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)
=((1623.665 + 433.676) / 2750.07) / ((1972.795 + 233.479) / 2863.346)
=0.748105 / 0.770523
=0.9709

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
=(108.192 - 0 - 206.958) / 2750.07
=-0.035914

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.

Sunevision Holdings has a M-score of -2.53 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 -2.46 mean?
Sunevision Holdings (STU:VI6) has a Beneish M-Score of -2.46 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sunevision Holdings and its competitors. According to the industry distribution chart, Sunevision Holdings ranks #720 out of 1682 companies in the Real Estate industry, placing it in the top 42.8%.
Is Sunevision Holdings' Beneish M-Score too high?
Sunevision Holdings' current Beneish M-Score is -2.46. Based on the distribution chart, Sunevision Holdings ranks #720 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sunevision Holdings has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunevision Holdings' Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sunevision Holdings ranks #720 out of 1682 companies for Beneish M-Score. This puts Sunevision Holdings in the upper 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Sunevision Holdings and its competitors. Sunevision Holdings's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunevision Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sunevision Holdings (STU:VI6) is currently considered Possible Value Trap. The stock's GF Value™ is €0.50, compared to a current price of €0.00 — trading 99.6% below its estimated fair value. The current Beneish M-Score is -2.46. Sunevision Holdings' overall GF Score™ is 89/100 with 6 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 Sunevision Holdings (STU:VI6), the current Beneish M-Score is -2.46 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.

Is Sunevision Holdings (STU:VI6) Overvalued in 2026?

Based on GuruFocus' analysis, Sunevision Holdings stock appears to be undervalued. The current stock price of €0.00 is trading 99.6% below its estimated GF Value™ of €0.50. GuruFocus considers Sunevision Holdings to be Possible Value Trap.

Key valuation signals for STU:VI6:

  • Beneish M-Score: -2.46
  • GF Value™: €0.50 vs. price of €0.00 (99.6% below fair value)
  • GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the STU:VI6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunevision Holdings Business Description

Other Exchanges 01686:Hong Kong
Address Millennium City 1, 388 Kwun Tong Road, Unit 3110, 31st Floor, Standard Chartered Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Sunevision Holdings Ltd is an Investment holding company. Its segment includes Data centre and IT facilities covering the provision of data center and IT facilities colocation services to allow customers to house their IT infrastructure or equipment, interconnection services to provide customers with high-speed and reliable interconnectivity, and other managed services; and ELV and IT systems comprise installation and maintenance services for the respective systems. It generates the majority of its revenue from Data centre and IT facilities. The company generates the majority of its revenue from Hong Kong.
89GF Score

Get the complete analysis for STU:VI6

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

€0.00
Price
€0.50
GF Value