HanseYachts AG (HAM:H9Y) Beneish M-Score: 0.00 (As of Jul. 01, 2026)

What is HanseYachts AG Beneish M-Score?

HanseYachts AG HAM:H9Y +1.37% 10 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates HAM:H9Y with a GF Score™ of 10/100.

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.

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

During the past 13 years, the highest Beneish M-Score of HanseYachts AG was 0.00. The lowest was 0.00. And the median was 0.00.

HanseYachts AG Beneish M-Score Related Terms

HanseYachts AG Beneish M-Score Historical Data

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The historical data trend for HanseYachts AG'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.

HanseYachts AG Beneish M-Score Chart

HanseYachts AG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Beneish M-Score

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-2.29

-4.61

-1.46

-0.62

-2.45

HanseYachts AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial															0.00	-0.62	0.00	-2.45	0.00

HAM:H9Y vs THO, BC, HOG: Beneish M-Score Comparison

For the Recreational Vehicles subindustry, HanseYachts AG'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.

HanseYachts AG Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, HanseYachts AG's Beneish M-Score distribution charts can be found below:

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

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HanseYachts AG HAM:H9Y

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HanseYachts AG 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 HanseYachts AG 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 * 0.937

0.528 * 1.1515

0.404 * 0.4681

0.892 * 1.3118

0.115 * 1.0376

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7607

4.679 * -0.000535

0.327 * 1.2984

-2.45

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was €16 Mil.
Revenue was €174 Mil.
Gross Profit was €69 Mil.
Total Current Assets was €72 Mil.
Total Assets was €116 Mil.
Property, Plant and Equipment(Net PPE) was €28 Mil.
Depreciation, Depletion and Amortization(DDA) was €6 Mil.
Selling, General, & Admin. Expense(SGA) was €15 Mil.
Total Current Liabilities was €108 Mil.
Long-Term Debt & Capital Lease Obligation was €18 Mil.
Net Income was €-11 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €-11 Mil.

Total Receivables was €13 Mil.
Revenue was €132 Mil.
Gross Profit was €61 Mil.
Total Current Assets was €68 Mil.
Total Assets was €136 Mil.
Property, Plant and Equipment(Net PPE) was €29 Mil.
Depreciation, Depletion and Amortization(DDA) was €7 Mil.
Selling, General, & Admin. Expense(SGA) was €15 Mil.
Total Current Liabilities was €107 Mil.
Long-Term Debt & Capital Lease Obligation was €8 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)
	=	(16.41 / 173.659)	/	(13.351 / 132.38)
	=	0.094496	/	0.100854
	=	0.937

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)
	=	(60.543 / 132.38)	/	(68.973 / 173.659)
	=	0.457342	/	0.397175
	=	1.1515

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 - (71.865 + 28.163) / 115.801)	/	(1 - (67.598 + 29.061) / 136.327)
	=	0.136208	/	0.290977
	=	0.4681

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
	=	173.659	/	132.38
	=	1.3118

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))
	=	(6.709 / (6.709 + 29.061))	/	(6.214 / (6.214 + 28.163))
	=	0.187559	/	0.18076
	=	1.0376

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)
	=	(15.232 / 173.659)	/	(15.264 / 132.38)
	=	0.087712	/	0.115304
	=	0.7607

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)
	=	((18.373 + 108.184) / 115.801)	/	((7.753 + 106.994) / 136.327)
	=	1.092883	/	0.841704
	=	1.2984

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
	=	(-11.303 - 0	-	-11.241)	/	115.801
	=	-0.000535

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.

HanseYachts AG has a M-score of -2.45 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 0.00 mean?

HanseYachts AG (HAM:H9Y) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on HanseYachts AG and its competitors.

Is HanseYachts AG's Beneish M-Score too high?

HanseYachts AG's current Beneish M-Score is 0.00. Overall, HanseYachts AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.

How does HanseYachts AG's Beneish M-Score compare to THO and BC?

HanseYachts AG's Beneish M-Score of 0.00 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?

A good Beneish M-Score depends on the Vehicles & Parts 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 HanseYachts AG and its competitors. HanseYachts AG's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is HanseYachts AG stock overvalued right now?

HanseYachts AG (HAM:H9Y) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. HanseYachts AG's overall GF Score™ is 10/100. 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 HanseYachts AG (HAM:H9Y), the current Beneish M-Score is 0.00 as of Jul. 01, 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.

HanseYachts AG Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies XTER:YOC XTER:EDL XTER:SPM XTER:G6P STU:SBV THO BC TSX:DOO HOG PII LCII SHSE:603129 XPAR:TRI WGO SHSE:603766 MIL:SL HKSE:09638 TPE:8478 XPAR:BEN MBUU

Address Ladebower Chaussee 11, Greifswald, MV, DEU, 17493

Website https://www.hanseyachtsag.com

HanseYachts AG is the manufacturer of seagoing sailing and motor yachts. The company's business segments include Sailing Yachts; Motor Yachts; Catamarans and others. The Sailing Yachts segment engages in the production and selling of sailing yachts. It offers cruising yachts under the HANSE brand, elegant deck salons or classically designed cruisers under the Moody brand, sporty cruiser racers under the delher brand, and the VA brand. The Motor Yachts segment manufactures motor yachts under brands such as Fjord and Sealine. It generates maximum revenue from the Sailing Yachts segment. Geographically, it operates in Germany, the United States, France, Turkey, the Netherlands, the United Kingdom, Other Europe and others.

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