HusCompagniet AS (CHIX:HUSCOC) Beneish M-Score: -2.17 (As of Jun. 26, 2026)

What is HusCompagniet AS Beneish M-Score?

HusCompagniet AS CHIX:HUSCOC 67 Beneish M-Score is -2.17 as of Jun. 26, 2026. GuruFocus rates CHIX:HUSCOC with a GF Score™ of 67/100 and a GF Value™ of kr78.76. The stock has 5 warning signs investors should review. Among 89 Homebuilding & Construction companies, HusCompagniet AS ranks better than 50.56% 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 -2.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:HUSCOc' s Beneish M-Score Range Over the Past 10 Years
Min: -3.21 Med: -2.46 Max: -2.17
Current: -2.17

During the past 9 years, the highest Beneish M-Score of HusCompagniet AS was -2.17. The lowest was -3.21. And the median was -2.46.

HusCompagniet AS Beneish M-Score Related Terms

HusCompagniet AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for HusCompagniet AS'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.

HusCompagniet AS Beneish M-Score Chart

HusCompagniet AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.22

-2.57

-3.21

-2.46

-2.17

HusCompagniet AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial										-3.21	0.00	-2.46	0.00	-2.17

CHIX:HUSCOC vs DHI, PHM, LEN: Beneish M-Score Comparison

For the Residential Construction subindustry, HusCompagniet AS'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.

HusCompagniet AS Beneish M-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, HusCompagniet AS's Beneish M-Score distribution charts can be found below:

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

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67GF Score

HusCompagniet AS CHIX:HUSCOC

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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HusCompagniet AS 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 HusCompagniet AS 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 * 1.2448

0.528 * 1.2543

0.404 * 0.8725

0.892 * 1.287

0.115 * 1.1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.041536

0.327 * 1.2141

-2.17

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was kr970 Mil.
Revenue was kr2,957 Mil.
Gross Profit was kr488 Mil.
Total Current Assets was kr1,658 Mil.
Total Assets was kr3,901 Mil.
Property, Plant and Equipment(Net PPE) was kr159 Mil.
Depreciation, Depletion and Amortization(DDA) was kr46 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr1,195 Mil.
Long-Term Debt & Capital Lease Obligation was kr547 Mil.
Net Income was kr-26 Mil.
Gross Profit was kr0 Mil.
Cash Flow from Operations was kr136 Mil.

Total Receivables was kr605 Mil.
Revenue was kr2,297 Mil.
Gross Profit was kr475 Mil.
Total Current Assets was kr1,159 Mil.
Total Assets was kr3,368 Mil.
Property, Plant and Equipment(Net PPE) was kr146 Mil.
Depreciation, Depletion and Amortization(DDA) was kr48 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr691 Mil.
Long-Term Debt & Capital Lease Obligation was kr548 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)
	=	(969.805 / 2956.517)	/	(605.342 / 2297.157)
	=	0.328023	/	0.263518
	=	1.2448

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)
	=	(475.406 / 2297.157)	/	(487.812 / 2956.517)
	=	0.206954	/	0.164995
	=	1.2543

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 - (1657.801 + 159.055) / 3901.265)	/	(1 - (1159.323 + 146.369) / 3368.379)
	=	0.534291	/	0.612368
	=	0.8725

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
	=	2956.517	/	2297.157
	=	1.287

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))
	=	(47.84 / (47.84 + 146.369))	/	(45.896 / (45.896 + 159.055))
	=	0.246333	/	0.223936
	=	1.1

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)
	=	(0 / 2956.517)	/	(0 / 2297.157)
	=	0	/	0
	=	1

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)
	=	((547.236 + 1194.774) / 3901.265)	/	((547.917 + 690.957) / 3368.379)
	=	0.446524	/	0.367795
	=	1.2141

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
	=	(-26.236 - 0	-	135.806)	/	3901.265
	=	-0.041536

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.

HusCompagniet AS has a M-score of -2.17 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 -2.17 mean?

HusCompagniet AS (CHIX:HUSCOC) has a Beneish M-Score of -2.17 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on HusCompagniet AS and its competitors. According to the industry distribution chart, HusCompagniet AS ranks #44 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 49.4%.

Is HusCompagniet AS's Beneish M-Score too high?

HusCompagniet AS's current Beneish M-Score is -2.17. Based on the distribution chart, HusCompagniet AS ranks #44 out of 89 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, HusCompagniet AS has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.

How does HusCompagniet AS's Beneish M-Score compare to DHI and PHM?

According to the Homebuilding & Construction industry distribution chart, HusCompagniet AS ranks #44 out of 89 companies for Beneish M-Score. This puts HusCompagniet AS 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 Homebuilding & Construction company?

A good Beneish M-Score depends on the Homebuilding & Construction 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 HusCompagniet AS and its competitors. HusCompagniet AS's current Beneish M-Score is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is HusCompagniet AS stock overvalued right now?

HusCompagniet AS (CHIX:HUSCOC) has a current Beneish M-Score of -2.17. The stock's GF Value™ is kr78.76, compared to a current price of kr49.30 — trading 37.4% below its estimated fair value. The current Beneish M-Score is -2.17. HusCompagniet AS's overall GF Score™ is 67/100 with 5 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 HusCompagniet AS (CHIX:HUSCOC), the current Beneish M-Score is -2.17 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.

Is HusCompagniet AS (CHIX:HUSCOC) Overvalued in 2026?

Based on GuruFocus' analysis, HusCompagniet AS stock appears to be undervalued. The current stock price of kr49.30 is trading 37.4% below its estimated GF Value™ of kr78.76.

Key valuation signals for CHIX:HUSCOC:

Beneish M-Score: -2.17
GF Value™: kr78.76 vs. price of kr49.30 (37.4% below fair value)
GF Score™: 67/100 with 5 warning signs

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

HusCompagniet AS Business Description

Industry Consumer Cyclical Homebuilding & Construction

Comparable Companies DHI PHM LEN NVR TSE:1928 TOL IBP TMHC TSE:1911 LSE:BTRW LSE:PSN TSE:1808 MTH LSE:BKG CVCO SKY LSE:TW.TSE:3291 MHO XTAE:DIMRI

Other Exchanges 0A5T:UK HUSCO:Denmark

Address Agerovej 31A, Tilst, DNK, 8381

Website https://www.huscompagniet.dk

HusCompagniet AS is a house builder in the Nordic region. It is engaged in the construction and sale of single-family houses in Denmark and Sweden. It delivers high-quality single-family houses with great value for money. The company's operating segments include Detached houses in Denmark, Semi-detached and wooden-frame houses in Denmark, and the Wooden segment. It generates maximum revenue from Detached houses in Denmark. The detached houses in the Denmark segment comprise brick houses built on-site and plots. Geographically, it generates the majority of its revenue from Denmark.

67GF Score

Get the complete analysis for CHIX:HUSCOC

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

kr49.30

Price

kr78.76

GF Value

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