Freedom Care Group Holdings (ASX:FCG) Beneish M-Score: -29.32 (As of Jun. 26, 2026)


What is Freedom Care Group Holdings Beneish M-Score?

Freedom Care Group Holdings ASX:FCG Beneish M-Score is -29.32 as of Jun. 26, 2026. The stock has 7 warning signs investors should review.

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 -29.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:FCG' s Beneish M-Score Range Over the Past 10 Years
Min: -29.32   Med: -16.87   Max: -4.41
Current: -29.32

During the past 4 years, the highest Beneish M-Score of Freedom Care Group Holdings was -4.41. The lowest was -29.32. And the median was -16.87.

Freedom Care Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Freedom Care Group 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.

Freedom Care Group Holdings Beneish M-Score Chart

Freedom Care Group Holdings Annual Data
Trend Jun21 Jun22 Jun24 Jun25
Beneish M-Score
0.00 0.00 -4.41 -29.32

Freedom Care Group Holdings Semi-Annual Data
Jun21 Jun22 Dec22 Dec23 Jun24 Dec24 Jun25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -4.41 0.00 -29.32

ASX:FCG vs HCA, DVA, THC: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Freedom Care Group 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.

Freedom Care Group Holdings Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Freedom Care Group Holdings's Beneish M-Score distribution charts can be found below:

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


Freedom Care Group 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 Freedom Care Group 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 * 0+0.528 * 1+0.404 * 5.042+0.892 * 0.3822+0.115 * 0.2067
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.8211+4.679 * -5.756959-0.327 * 0.4789
=-29.32

* 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 A$0.00 Mil.
Revenue was A$7.25 Mil.
Gross Profit was A$7.25 Mil.
Total Current Assets was A$0.47 Mil.
Total Assets was A$1.47 Mil.
Property, Plant and Equipment(Net PPE) was A$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.29 Mil.
Selling, General, & Admin. Expense(SGA) was A$14.30 Mil.
Total Current Liabilities was A$0.33 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Net Income was A$-4.00 Mil.
Gross Profit was A$8.56 Mil.
Cash Flow from Operations was A$-4.08 Mil.
 Total Receivables was A$2.30 Mil.
Revenue was A$18.97 Mil.
Gross Profit was A$18.97 Mil.
Total Current Assets was A$7.90 Mil.
Total Assets was A$10.77 Mil.
Property, Plant and Equipment(Net PPE) was A$1.42 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.37 Mil.
Selling, General, & Admin. Expense(SGA) was A$20.54 Mil.
Total Current Liabilities was A$3.65 Mil.
Long-Term Debt & Capital Lease Obligation was A$1.36 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 / 7.25) / (2.295 / 18.971)
=0 / 0.120974
=0

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)
=(18.971 / 18.971) / (7.25 / 7.25)
=1 / 1
=1

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 - (0.473 + 0) / 1.473) / (1 - (7.899 + 1.42) / 10.769)
=0.678887 / 0.134646
=5.042

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
=7.25 / 18.971
=0.3822

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))
=(0.37 / (0.37 + 1.42)) / (0.288 / (0.288 + 0))
=0.206704 / 1
=0.2067

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)
=(14.296 / 7.25) / (20.542 / 18.971)
=1.971862 / 1.082811
=1.8211

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 + 0.328) / 1.473) / ((1.358 + 3.649) / 10.769)
=0.222675 / 0.464946
=0.4789

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
=(-3.999 - 8.559 - -4.078) / 1.473
=-5.756959

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.

Freedom Care Group Holdings has a M-score of -29.32 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 -29.32 mean?
Freedom Care Group Holdings (ASX:FCG) has a Beneish M-Score of -29.32 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Freedom Care Group Holdings and its competitors.
Is Freedom Care Group Holdings' Beneish M-Score too high?
Freedom Care Group Holdings' current Beneish M-Score is -29.32.
How does Freedom Care Group Holdings' Beneish M-Score compare to HCA and DVA?
Freedom Care Group Holdings' Beneish M-Score of -29.32 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Freedom Care Group Holdings and its competitors. Freedom Care Group Holdings's current Beneish M-Score is -29.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freedom Care Group Holdings stock overvalued right now?
Freedom Care Group Holdings (ASX:FCG) has a current Beneish M-Score of -29.32. The current Beneish M-Score is -29.32. 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 Freedom Care Group Holdings (ASX:FCG), the current Beneish M-Score is -29.32 as of Jun. 26, 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.

Freedom Care Group Holdings Business Description

Address 31 Edward Street, Sylvania, NSW, AUS, 2224
Freedom Care Group Holdings Ltd is an Australia-based National Disability Insurance Scheme (NDIS) services provider that delivers disability support, accommodation, and allied healthcare services, mainly in the greater Sydney region. The group operates through three service areas: Core Supports, Capacity Building Supports, and Capital Supports. Its services include Supported Independent Living (SIL), plan management, support coordination, day programs, speech therapy, occupational therapy, psychology and behaviour support, physiotherapy, podiatry, dietetics, exercise physiology, chiropractic services, assistive technology, respite care, and medium- and long-term accommodation solutions tailored to participant needs.