Zijin Gold International Co (FRA:6LU) Beneish M-Score: -1.81 (As of Jun. 25, 2026)


FRA:6LU Zijin Gold International Co Ltd FRA:6LU
24 GF Score
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What is Zijin Gold International Co Beneish M-Score?

Zijin Gold International Co FRA:6LU +0.87% 24 Beneish M-Score is -1.81 as of Jun. 25, 2026. GuruFocus rates FRA:6LU with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Zijin Gold International Co ranks worse than 69.78% 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 -1.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:6LU' s Beneish M-Score Range Over the Past 10 Years
Min: -3.4   Med: -2.61   Max: -1.81
Current: -1.81

During the past 4 years, the highest Beneish M-Score of Zijin Gold International Co was -1.81. The lowest was -3.40. And the median was -2.61.

Zijin Gold International Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Zijin Gold International 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.

Zijin Gold International Co Beneish M-Score Chart

Zijin Gold International Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -3.40 -1.81

Zijin Gold International Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -3.40 0.00 -1.81

FRA:6LU vs NEM, AU, CDE: Beneish M-Score Comparison

For the Gold subindustry, Zijin Gold International 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.

Zijin Gold International Co Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zijin Gold International Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Zijin Gold International Co's Beneish M-Score falls into.


FRA:6LU
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Zijin Gold International Co Ltd FRA:6LU
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Zijin Gold International 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 Zijin Gold International 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 * 0.9825+0.528 * 0.7199+0.404 * 1.5297+0.892 * 1.6101+0.115 * 1.0389
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8419+4.679 * -0.063729-0.327 * 0.4766
=-1.98

* 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 €201 Mil.
Revenue was €4,597 Mil.
Gross Profit was €2,423 Mil.
Total Current Assets was €4,369 Mil.
Total Assets was €10,733 Mil.
Property, Plant and Equipment(Net PPE) was €5,845 Mil.
Depreciation, Depletion and Amortization(DDA) was €573 Mil.
Selling, General, & Admin. Expense(SGA) was €183 Mil.
Total Current Liabilities was €1,069 Mil.
Long-Term Debt & Capital Lease Obligation was €405 Mil.
Net Income was €1,368 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €2,052 Mil.
 Total Receivables was €127 Mil.
Revenue was €2,855 Mil.
Gross Profit was €1,083 Mil.
Total Current Assets was €1,147 Mil.
Total Assets was €5,160 Mil.
Property, Plant and Equipment(Net PPE) was €3,850 Mil.
Depreciation, Depletion and Amortization(DDA) was €394 Mil.
Selling, General, & Admin. Expense(SGA) was €135 Mil.
Total Current Liabilities was €912 Mil.
Long-Term Debt & Capital Lease Obligation was €574 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)
=(201.455 / 4597.492) / (127.349 / 2855.388)
=0.043818 / 0.0446
=0.9825

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)
=(1083.279 / 2855.388) / (2422.716 / 4597.492)
=0.379381 / 0.526965
=0.7199

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 - (4369.311 + 5845.087) / 10732.625) / (1 - (1146.835 + 3849.909) / 5159.614)
=0.048285 / 0.031566
=1.5297

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
=4597.492 / 2855.388
=1.6101

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))
=(393.609 / (393.609 + 3849.909)) / (573.044 / (573.044 + 5845.087))
=0.092755 / 0.089285
=1.0389

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)
=(183 / 4597.492) / (134.996 / 2855.388)
=0.039804 / 0.047278
=0.8419

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)
=((404.885 + 1068.696) / 10732.625) / ((574.353 + 912.025) / 5159.614)
=0.137299 / 0.288079
=0.4766

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
=(1367.729 - 0 - 2051.709) / 10732.625
=-0.063729

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.

Zijin Gold International Co has a M-score of -1.98 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 -1.81 mean?
Zijin Gold International Co (FRA:6LU) has a Beneish M-Score of -1.81 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Zijin Gold International Co and its competitors. According to the industry distribution chart, Zijin Gold International Co ranks #478 out of 685 companies in the Metals & Mining industry, placing it in the top 69.8%.
Is Zijin Gold International Co's Beneish M-Score too high?
Zijin Gold International Co's current Beneish M-Score is -1.81. Based on the distribution chart, Zijin Gold International Co ranks #478 out of 685 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Zijin Gold International Co has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Zijin Gold International Co's Beneish M-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zijin Gold International Co ranks #478 out of 685 companies for Beneish M-Score. This places Zijin Gold International 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Zijin Gold International Co and its competitors. Zijin Gold International Co's current Beneish M-Score is -1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zijin Gold International Co stock overvalued right now?
Zijin Gold International Co (FRA:6LU) has a current Beneish M-Score of -1.81. The current Beneish M-Score is -1.81. Zijin Gold International Co's overall GF Score™ is 24/100 with 1 warning sign 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 Zijin Gold International Co (FRA:6LU), the current Beneish M-Score is -1.81 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.

Zijin Gold International Co Business Description

Other Exchanges 02259:Hong Kong
Address 1 Austin Road West, Unit 7508, 75th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG
Zijin Gold International Co Ltd is an international gold mining and development company, principally engaged in the exploration, mining, processing, smelting, and sale of gold. Its principal products include gold bullion, gold dore, and gold concentrates, with key operations located outside Mainland China. The company holds interests in several gold mines across key mineralisation belts in South America, Oceania, Central Asia, and Africa, such as the Taldybulak Levoberezhny Gold Mine in Kyrgyzstan, Raygorodok Gold Mine in Kazakhstan, Jilau and Taror Gold Mines in Tajikistan, Porgera Gold Mine in Papua New Guinea, and Norton Gold Fields in Australia, among others. Geographically, it derives maximum revenue from Colombia, followed by Suriname, Australia, Tajikistan, and other countries.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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