Wellnex Life (ASX:WNX) Beneish M-Score: -4.15 (As of Jun. 25, 2026)

What is Wellnex Life Beneish M-Score?

Wellnex Life ASX:WNX -4.44% Beneish M-Score is -4.15 as of Jun. 25, 2026. The stock has 2 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Wellnex Life ranks better than 96.54% 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 -4.15 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:WNX' s Beneish M-Score Range Over the Past 10 Years
Min: -10.18 Med: -3.24 Max: 16.25
Current: -4.15

During the past 9 years, the highest Beneish M-Score of Wellnex Life was 16.25. The lowest was -10.18. And the median was -3.24.

Wellnex Life Beneish M-Score Related Terms

Wellnex Life Beneish M-Score Historical Data

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The historical data trend for Wellnex Life'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.

Wellnex Life Beneish M-Score Chart

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-10.18

11.91

-3.24

-2.30

-4.15

Wellnex Life Semi-Annual Data
	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													0.00	-2.30	0.00	-4.15	0.00

ASX:WNX vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Wellnex Life'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.

Wellnex Life Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wellnex Life's Beneish M-Score distribution charts can be found below:

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

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Wellnex Life 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 Wellnex Life for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.4205

0.528 * 1.0082

0.404 * 1.0206

0.892 * 1.4072

0.115 * 0.9194

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9328

4.679 * -0.347923

0.327 * 0.6664

-4.15

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was A$2.59 Mil.
Revenue was A$23.83 Mil.
Gross Profit was A$7.08 Mil.
Total Current Assets was A$8.39 Mil.
Total Assets was A$28.12 Mil.
Property, Plant and Equipment(Net PPE) was A$0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was A$1.38 Mil.
Selling, General, & Admin. Expense(SGA) was A$14.12 Mil.
Total Current Liabilities was A$16.76 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Net Income was A$-15.60 Mil.
Gross Profit was A$-3.86 Mil.
Cash Flow from Operations was A$-1.96 Mil.

Total Receivables was A$4.38 Mil.
Revenue was A$16.93 Mil.
Gross Profit was A$5.07 Mil.
Total Current Assets was A$9.49 Mil.
Total Assets was A$30.56 Mil.
Property, Plant and Equipment(Net PPE) was A$0.07 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.77 Mil.
Selling, General, & Admin. Expense(SGA) was A$10.75 Mil.
Total Current Liabilities was A$27.34 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 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)
	=	(2.593 / 23.827)	/	(4.382 / 16.932)
	=	0.108826	/	0.2588
	=	0.4205

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)
	=	(5.073 / 16.932)	/	(7.081 / 23.827)
	=	0.29961	/	0.297184
	=	1.0082

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 - (8.39 + 0.01) / 28.124)	/	(1 - (9.486 + 0.074) / 30.561)
	=	0.701323	/	0.687183
	=	1.0206

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
	=	23.827	/	16.932
	=	1.4072

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))
	=	(0.774 / (0.774 + 0.074))	/	(1.379 / (1.379 + 0.01))
	=	0.912736	/	0.992801
	=	0.9194

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)
	=	(14.115 / 23.827)	/	(10.753 / 16.932)
	=	0.592395	/	0.63507
	=	0.9328

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 + 16.763) / 28.124)	/	((0 + 27.336) / 30.561)
	=	0.596039	/	0.894473
	=	0.6664

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
	=	(-15.604 - -3.863	-	-1.956)	/	28.124
	=	-0.347923

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.

Wellnex Life has a M-score of -4.15 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 -4.15 mean?

Wellnex Life (ASX:WNX) has a Beneish M-Score of -4.15 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wellnex Life and its competitors. According to the industry distribution chart, Wellnex Life ranks #64 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 3.5%.

Is Wellnex Life's Beneish M-Score too high?

Wellnex Life's current Beneish M-Score is -4.15. Based on the distribution chart, Wellnex Life ranks #64 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers.

How does Wellnex Life's Beneish M-Score compare to KHC and GIS?

According to the Consumer Packaged Goods industry distribution chart, Wellnex Life ranks #64 out of 1849 companies for Beneish M-Score. This places Wellnex Life in the top 4% of its industry — outperforming the majority of peers. 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 Wellnex Life and its competitors. Wellnex Life's current Beneish M-Score is -4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wellnex Life stock overvalued right now?

Based on GuruFocus' analysis, Wellnex Life (ASX:WNX) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.34, compared to a current price of A$0.04 — trading 87.4% below its estimated fair value. The current Beneish M-Score is -4.15. 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 Wellnex Life (ASX:WNX), the current Beneish M-Score is -4.15 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.

Wellnex Life Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies ASX:OMG ASX:TR8 ASX:NGS ASX:PFT ASX:CCO ASX:EVE ASX:WOA ASX:AHF ASX:JAT ASX:SPG XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 SHSE:603288 NSE:NESTLEIND KHC SHSE:600887 SZSE:300999 GIS

Other Exchanges WNX:UK 22W0:Germany

Address 574 Plummer Street, Building 2, Level 3, Suite 72, Port Melbourne, Melbourne, VIC, AUS, 3207

Website https://www.wellnexlife.com.au

Wellnex Life Ltd is a consumer healthcare company focused on developing, licensing, marketing, and distributing healthcare and pharmaceutical products. These products are available mainly through Australian retailers and wholesalers, including Coles, Woolworths, Chemist Warehouse, Sigma, and Symbion. The group's offerings include caffeine energy liquid capsules, multivitamins, pain relief creams and sprays, sleep aids, toothpaste, over-the-counter medicines, and medical cannabis products, among others. Its brands include Pharmacy Own, Wellness Life, Mr. Bright, Pain Away, Nighty Night, Wakey Wakey, and Wagner Health Liquigesic. Geographically, the majority of the group's revenue comes from Australia, with additional contributions from the United Kingdom and New Zealand.