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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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Nonferrous Mining's Beneish M-Score or its related term are showing as below:
HKSE:01258'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.14 Med: -2.62 Max: -1.42
Current: -2.68
During the past 13 years, the highest Beneish M-Score of China Nonferrous Mining was -1.42. The lowest was -3.14. And the median was -2.62.
* 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:01258 vs SCCO, FCX: Beneish M-Score Comparison
For the Copper subindustry, China Nonferrous Mining'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.
China Nonferrous Mining Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, China Nonferrous Mining's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Nonferrous Mining's Beneish M-Score falls into.
China Nonferrous Mining 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 China Nonferrous Mining 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 * 1.6713
+
0.528 * 0.8848
+
0.404 * 0.8805
+
0.892 * 0.897
+
0.115 * 1.1606
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.5279
+
4.679 * -0.111246
-
0.327 * 1.0603
=
-2.68
* 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))
=
(1496.037 / (1496.037 + 12294.853))
/
(1391.394 / (1391.394 + 13494.592))
=
0.10848
/
0.09347
=
1.1606
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
=
(3145.863 - 0
-
7303.502)
/
37373.213
=
-0.111246
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.
China Nonferrous Mining has a M-score of -2.68 suggests that the company is unlikely to be a manipulator.
China Nonferrous Mining (HKSE:01258) has a Beneish M-Score of -2.68 as of Sep. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Nonferrous Mining and its competitors. According to the industry distribution chart, China Nonferrous Mining ranks #189 out of 686 companies in the Metals & Mining industry, placing it in the top 27.6%.
Is China Nonferrous Mining's Beneish M-Score too high?
China Nonferrous Mining's current Beneish M-Score is -2.68. Based on the distribution chart, China Nonferrous Mining ranks #189 out of 686 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, China Nonferrous Mining has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Nonferrous Mining's Beneish M-Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, China Nonferrous Mining ranks #189 out of 686 companies for Beneish M-Score. This puts China Nonferrous Mining 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 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 China Nonferrous Mining and its competitors. China Nonferrous Mining's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Nonferrous Mining stock overvalued right now?
Based on GuruFocus' analysis, China Nonferrous Mining (HKSE:01258) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.82, compared to a current price of HK$16.50 — trading 141.9% above its estimated fair value. The current Beneish M-Score is -2.68. China Nonferrous Mining's overall GF Score™ is 80/100 with 4 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 China Nonferrous Mining (HKSE:01258), the current Beneish M-Score is -2.68 as of Sep. 11, 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 China Nonferrous Mining (HKSE:01258) Overvalued in 2026?
Based on GuruFocus' analysis, China Nonferrous Mining stock appears to be overvalued.
The current stock price of HK$16.50 is trading 141.9% above its estimated GF Value™ of HK$6.82.
GuruFocus considers China Nonferrous Mining to be Significantly Overvalued.
Key valuation signals for HKSE:01258:
Beneish M-Score: -2.68
GF Value™: HK$6.82 vs. price of HK$16.50 (141.9% above fair value)
No single metric tells the full story. See the HKSE:01258 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Nonferrous Mining Corp Ltd is a Company with its subsidiaries are principally engaged in exploration, mining, ore processing, leaching, smelting of copper and cobalt, and sale of copper cathodes, blister copper and copper anodes, copper-cobalt alloy, cobaltous hydroxide and sulfuric acid. Its operating segments are Leaching and Smelting. The majority of the company's revenue is derived from the Smelting segment. The smelting segment includes the production and sale of blister and copper anodes. Geographically, it derives a majority of revenue from Mainland China.
80GF Score
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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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