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SUGP

SU Group Holdings Ltd
CIK 0001969863 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
41.7
composite ยท 3 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-09-30 ยท ELEVATED48.1

Earnings quality

Beneish M-Score -1.82 in the elevated zone
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-01-16) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.818,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.894,
    "GMI": 1.635,
    "AQI": 2.226,
    "SGI": 1.055,
    "DEPI": 0.784,
    "SGAI": 1.28,
    "LVGI": 0.799,
    "TATA": -0.024
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0214,
  "inputs": {
    "revenue_t": 24718821,
    "revenue_t1": 23434647,
    "total_assets_t": 16182462,
    "net_income_t": -2374981,
    "cfo_t": -1985993
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1969863/000175392626000125/0001753926-26-000125-index.htm",
    "form": "20-F",
    "filed": "2026-01-16"
  }
}
P-05 ยท FY 2024-09-30 ยท CLEAN33.6

Tax arbitrage

ETR 10.9% โ€” within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-01-28) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2024-09-30": 0.1093,
    "2023-09-30": 0.1926
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-09-30": 0.1007,
    "2023-09-30": 0.0174
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1969863/000121390025007523/0001213900-25-007523-index.htm",
    "form": "20-F",
    "filed": "2025-01-28"
  }
}
P-12 ยท FY 2025-09-30 ยท CLEAN14.5

Restatement predictor

F-Score 0.43 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-01-16) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.434,
  "probability": 0.00161,
  "components": {
    "rsst": -0.0214,
    "drec": -0.0087,
    "dinv": -0.1547,
    "soft": 0.7446,
    "dcs": 0.0616,
    "droa": -0.2146,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1969863/000175392626000125/0001753926-26-000125-index.htm",
    "form": "20-F",
    "filed": "2026-01-16"
  }
}