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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 -2.04 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for SANVO Fine Chemicals Group's Beneish M-Score or its related term are showing as below:
HKSE:00301'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.23 Med: -2.41 Max: -1.79
Current: -2.04
During the past 10 years, the highest Beneish M-Score of SANVO Fine Chemicals Group was -1.79. The lowest was -3.23. And the median was -2.41.
* 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.
HKSE:00301 vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, SANVO Fine Chemicals Group'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.
SANVO Fine Chemicals Group Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SANVO Fine Chemicals Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where SANVO Fine Chemicals Group's Beneish M-Score falls into.
SANVO Fine Chemicals Group 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 SANVO Fine Chemicals Group 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 * 1.0934
+
0.528 * 0.9011
+
0.404 * 2.9644
+
0.892 * 1.0337
+
0.115 * 0.8737
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1639
+
4.679 * -0.07597
-
0.327 * 1.0547
=
-2.04
* 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.
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.
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))
=
(24.476 / (24.476 + 584.377))
/
(32.333 / (32.333 + 670.407))
=
0.0402
/
0.04601
=
0.8737
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
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
=
(-33.907 - 0
-
43.508)
/
1019.023
=
-0.07597
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.
SANVO Fine Chemicals Group has a M-score of -2.04 suggests that the company is unlikely to be a manipulator.
SANVO Fine Chemicals Group (HKSE:00301) has a Beneish M-Score of -2.04 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SANVO Fine Chemicals Group and its competitors. According to the industry distribution chart, SANVO Fine Chemicals Group ranks #1183 out of 1525 companies in the Chemicals industry, placing it in the top 77.6%.
Is SANVO Fine Chemicals Group's Beneish M-Score too high?
SANVO Fine Chemicals Group's current Beneish M-Score is -2.04. Based on the distribution chart, SANVO Fine Chemicals Group ranks #1183 out of 1525 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, SANVO Fine Chemicals Group has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SANVO Fine Chemicals Group's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, SANVO Fine Chemicals Group ranks #1183 out of 1525 companies for Beneish M-Score. This places SANVO Fine Chemicals Group 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 SANVO Fine Chemicals Group and its competitors. SANVO Fine Chemicals Group's current Beneish M-Score is -2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SANVO Fine Chemicals Group stock overvalued right now?
Based on GuruFocus' analysis, SANVO Fine Chemicals Group (HKSE:00301) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.26, compared to a current price of HK$7.00 — trading 455.6% above its estimated fair value. The current Beneish M-Score is -2.04. SANVO Fine Chemicals Group's overall GF Score™ is 56/100 with 6 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 SANVO Fine Chemicals Group (HKSE:00301), the current Beneish M-Score is -2.04 as of Aug. 09, 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 SANVO Fine Chemicals Group (HKSE:00301) Overvalued in 2026?
Based on GuruFocus' analysis, SANVO Fine Chemicals Group stock appears to be overvalued.
The current stock price of HK$7.00 is trading 455.6% above its estimated GF Value™ of HK$1.26.
GuruFocus considers SANVO Fine Chemicals Group to be Significantly Overvalued.
Key valuation signals for HKSE:00301:
Beneish M-Score: -2.04
GF Value™: HK$1.26 vs. price of HK$7.00 (455.6% above fair value)
No single metric tells the full story. See the HKSE:00301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SANVO Fine Chemicals Group Ltd is a fine industrial chemical products manufacturer based in the PRC. It focuses on the manufacture, research and development, and sale of a diversified portfolio of fine industrial chemical products, which serves hardware and building materials and towards automotive maintenance. Its products can be broadly categorized into the following segments: aerosols, organic silicone adhesives, synthetic adhesives and other miscellaneous products such as architectural coatings, oil products and wood paints. It derives revenue from Aerosols segment which sells spray paints and automotive care products, including spray paint, carburetor cleaner, spray wax, antirust spray lubricant, polyurethane foam, cleaning spray and spray refrigerant for automobile air-conditioners.
56GF Score
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