Sonix Technology Co (TPE:5471) Beneish M-Score: -2.40 (As of Jun. 27, 2026)


TPE:5471 Sonix Technology Co Ltd TPE:5471
63 GF Score
Price NT$58.50
GF Value NT$41.79
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Sonix Technology Co Beneish M-Score?

Sonix Technology Co TPE:5471 -6.10% 63 Beneish M-Score is -2.40 as of Jun. 27, 2026. GuruFocus rates TPE:5471 with a GF Score™ of 63/100 and a GF Value™ of NT$41.79 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 987 Semiconductors companies, Sonix Technology Co ranks worse than 51.67% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TPE:5471' s Beneish M-Score Range Over the Past 10 Years
Min: -2.92   Med: -2.52   Max: -1.4
Current: -2.4

During the past 13 years, the highest Beneish M-Score of Sonix Technology Co was -1.40. The lowest was -2.92. And the median was -2.52.


Sonix Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sonix Technology 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.

Sonix Technology Co Beneish M-Score Chart

Sonix Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.50 -2.92 -2.54 -2.76 -2.40

Sonix Technology Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -2.76 -2.67 -2.67 -2.60 -2.40

TPE:5471 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, Sonix Technology 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.


Sonix Technology Co Beneish M-Score vs Semiconductors Industry

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

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


TPE:5471
63GF Score
Sonix Technology Co Ltd TPE:5471
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sonix Technology 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 Sonix Technology 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 * 0.9992+0.528 * 1.0061+0.404 * 1.1375+0.892 * 0.9749+0.115 * 0.8973
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9596+4.679 * 0.006327-0.327 * 0.955
=-2.40

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was NT$300 Mil.
Revenue was 688.209 + 659.597 + 712.358 + 615.488 = NT$2,676 Mil.
Gross Profit was 282.619 + 261.519 + 306.863 + 255.436 = NT$1,106 Mil.
Total Current Assets was NT$2,698 Mil.
Total Assets was NT$3,989 Mil.
Property, Plant and Equipment(Net PPE) was NT$670 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$116 Mil.
Selling, General, & Admin. Expense(SGA) was NT$224 Mil.
Total Current Liabilities was NT$370 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Net Income was 36.11 + 40.753 + 5.654 + 38.021 = NT$121 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was 48.628 + 23.368 + 13.364 + 9.94 = NT$95 Mil.
Total Receivables was NT$308 Mil.
Revenue was 716.63 + 691.41 + 724.398 + 612.028 = NT$2,744 Mil.
Gross Profit was 295.141 + 280.821 + 305.764 + 260.12 = NT$1,142 Mil.
Total Current Assets was NT$2,828 Mil.
Total Assets was NT$4,040 Mil.
Property, Plant and Equipment(Net PPE) was NT$659 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$100 Mil.
Selling, General, & Admin. Expense(SGA) was NT$239 Mil.
Total Current Liabilities was NT$392 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 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)
=(300.409 / 2675.652) / (308.368 / 2744.466)
=0.112275 / 0.11236
=0.9992

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)
=(1141.846 / 2744.466) / (1106.437 / 2675.652)
=0.416054 / 0.413521
=1.0061

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 - (2697.79 + 669.746) / 3989.04) / (1 - (2828.345 + 658.654) / 4040.388)
=0.155803 / 0.136964
=1.1375

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
=2675.652 / 2744.466
=0.9749

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))
=(100.192 / (100.192 + 658.654)) / (115.554 / (115.554 + 669.746))
=0.132032 / 0.147146
=0.8973

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)
=(223.627 / 2675.652) / (239.027 / 2744.466)
=0.083579 / 0.087094
=0.9596

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 + 369.731) / 3989.04) / ((0 + 392.134) / 4040.388)
=0.092687 / 0.097054
=0.955

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
=(120.538 - 0 - 95.3) / 3989.04
=0.006327

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.

Sonix Technology Co has a M-score of -2.40 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 -2.40 mean?
Sonix Technology Co (TPE:5471) has a Beneish M-Score of -2.40 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sonix Technology Co and its competitors. According to the industry distribution chart, Sonix Technology Co ranks #510 out of 987 companies in the Semiconductors industry, placing it in the top 51.7%.
Is Sonix Technology Co's Beneish M-Score too high?
Sonix Technology Co's current Beneish M-Score is -2.40. Based on the distribution chart, Sonix Technology Co ranks #510 out of 987 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Sonix Technology Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sonix Technology Co's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Sonix Technology Co ranks #510 out of 987 companies for Beneish M-Score. This places Sonix Technology 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Sonix Technology Co and its competitors. Sonix Technology Co's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonix Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Sonix Technology Co (TPE:5471) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.79, compared to a current price of NT$58.50 — trading 40% above its estimated fair value. The current Beneish M-Score is -2.40. Sonix Technology Co's overall GF Score™ is 63/100 with 10 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 Sonix Technology Co (TPE:5471), the current Beneish M-Score is -2.40 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 Sonix Technology Co (TPE:5471) Overvalued in 2026?

Based on GuruFocus' analysis, Sonix Technology Co stock appears to be overvalued. The current stock price of NT$58.50 is trading 40% above its estimated GF Value™ of NT$41.79. GuruFocus considers Sonix Technology Co to be Significantly Overvalued.

Key valuation signals for TPE:5471:

  • Beneish M-Score: -2.40
  • GF Value™: NT$41.79 vs. price of NT$58.50 (40% above fair value)
  • GF Score™: 63/100 with 10 warning signs

No single metric tells the full story. See the TPE:5471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sonix Technology Co Business Description

Address 10th Floor-1., No.36, Taiyuan Street, Zhubei City, Hsinchu County, Zhubei, TWN
Sonix Technology Co Ltd develops, designs, manufactures and trades semiconductors. Its products have a range of applications, which can be divided into two main categories in terms of end products: consumer chips and multimedia chips. Its main products include High-efficiency microcontrollers, Consumer MCUs, Video/Image Controller, Wireless video transmission, and OID products (Optical ID). The company manufactured and sold semi-conductor products hence its reportable segments were within the semi-conductor segment. Geographically, it operates in Taiwan, China, and Others with majority of revenue from Taiwan.
63GF Score

Get the complete analysis for TPE:5471

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

NT$58.50
Price
NT$41.79
GF Value