Yunfeng Financial Group (HKSE:00376) Beneish M-Score: -2.16 (As of Jul. 25, 2026)

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HKSE:00376 Yunfeng Financial Group Ltd HKSE:00376
62 GF Score
Price HK$1.62
GF Value HK$2.38
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Yunfeng Financial Group Beneish M-Score?

Yunfeng Financial Group HKSE:00376 -2.41% 62 Beneish M-Score is -2.16 as of Jul. 25, 2026. GuruFocus rates HKSE:00376 with a GF Score™ of 62/100 and a GF Value™ of HK$2.38 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 397 Insurance companies, Yunfeng Financial Group ranks worse than 76.57% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:00376' s Beneish M-Score Range Over the Past 10 Years
Min: -5.56   Med: -1.68   Max: 17.27
Current: -2.16

During the past 13 years, the highest Beneish M-Score of Yunfeng Financial Group was 17.27. The lowest was -5.56. And the median was -1.68.

HKSE:00376
62GF Score
Yunfeng Financial Group Ltd HKSE:00376
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yunfeng Financial 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 Yunfeng Financial 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 * 0.7499+0.528 * 1+0.404 * 1.0011+0.892 * 1.5453+0.115 * 1.0185
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.008663-0.327 * 0.6992
=-2.16

* 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 HK$1,664 Mil.
Revenue was HK$7,530 Mil.
Gross Profit was HK$7,530 Mil.
Total Current Assets was HK$0 Mil.
Total Assets was HK$111,099 Mil.
Property, Plant and Equipment(Net PPE) was HK$587 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$186 Mil.
Selling, General, & Admin. Expense(SGA) was HK$0 Mil.
Total Current Liabilities was HK$0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2,588 Mil.
Net Income was HK$653 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$1,615 Mil.
 Total Receivables was HK$1,436 Mil.
Revenue was HK$4,873 Mil.
Gross Profit was HK$4,873 Mil.
Total Current Assets was HK$0 Mil.
Total Assets was HK$96,042 Mil.
Property, Plant and Equipment(Net PPE) was HK$609 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$197 Mil.
Selling, General, & Admin. Expense(SGA) was HK$0 Mil.
Total Current Liabilities was HK$0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3,200 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)
=(1663.876 / 7529.537) / (1435.814 / 4872.53)
=0.22098 / 0.294675
=0.7499

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)
=(4872.53 / 4872.53) / (7529.537 / 7529.537)
=1 / 1
=1

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 - (0 + 586.878) / 111099.029) / (1 - (0 + 608.623) / 96041.55)
=0.994718 / 0.993663
=1.0011

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
=7529.537 / 4872.53
=1.5453

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))
=(197.491 / (197.491 + 608.623)) / (185.884 / (185.884 + 586.878))
=0.244991 / 0.240545
=1.0185

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 / 7529.537) / (0 / 4872.53)
=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)
=((2587.993 + 0) / 111099.029) / ((3199.847 + 0) / 96041.55)
=0.023294 / 0.033317
=0.6992

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
=(652.55 - 0 - 1615.005) / 111099.029
=-0.008663

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.

Yunfeng Financial Group has a M-score of -2.16 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 -2.16 mean?
Yunfeng Financial Group (HKSE:00376) has a Beneish M-Score of -2.16 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yunfeng Financial Group and its competitors. According to the industry distribution chart, Yunfeng Financial Group ranks #304 out of 397 companies in the Insurance industry, placing it in the top 76.6%.
Is Yunfeng Financial Group's Beneish M-Score too high?
Yunfeng Financial Group's current Beneish M-Score is -2.16. Based on the distribution chart, Yunfeng Financial Group ranks #304 out of 397 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Yunfeng Financial Group has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yunfeng Financial Group's Beneish M-Score compare to AFL and MET?
According to the Insurance industry distribution chart, Yunfeng Financial Group ranks #304 out of 397 companies for Beneish M-Score. This places Yunfeng Financial 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Yunfeng Financial Group and its competitors. Yunfeng Financial Group's current Beneish M-Score is -2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yunfeng Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Yunfeng Financial Group (HKSE:00376) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$2.38, compared to a current price of HK$1.62 — trading 31.9% below its estimated fair value. The current Beneish M-Score is -2.16. Yunfeng Financial Group's overall GF Score™ is 62/100 with 2 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 Yunfeng Financial Group (HKSE:00376), the current Beneish M-Score is -2.16 as of Jul. 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.

Is Yunfeng Financial Group (HKSE:00376) Overvalued in 2026?

Based on GuruFocus' analysis, Yunfeng Financial Group stock appears to be undervalued. The current stock price of HK$1.62 is trading 31.9% below its estimated GF Value™ of HK$2.38. GuruFocus considers Yunfeng Financial Group to be Significantly Undervalued.

Key valuation signals for HKSE:00376:

  • Beneish M-Score: -2.16
  • GF Value™: HK$2.38 vs. price of HK$1.62 (31.9% below fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the HKSE:00376 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Yunfeng Financial Group Business Description

Address 38 Gloucester Road, 18th Floor, Rooms 1803-1806, China Evergrande Centre, Wanchai, Hong Kong, HKG
Yunfeng Financial Group Ltd is an investment holding company that provides security trading, advisory, and asset management services. The company operates through two operating segments: Insurance business, which engages in the writing of long-term assurance business; and Other financial services & corporate, which includes Securities brokerage, Wealth management, Principal investment, Consultancy & advisory services, Financial technology activities, and Corporate service. The company's revenue is derived from the Insurance business. The group's operations are in Hong Kong and Macao generating key revenue from Hong Kong region.
62GF Score

Get the complete analysis for HKSE:00376

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

HK$1.62
Price
HK$2.38
GF Value