Mao Geping Cosmetics Co (HKSE:01318) Beneish M-Score: -1.97 (As of Jul. 07, 2026)


HKSE:01318 Mao Geping Cosmetics Co Ltd HKSE:01318
23 GF Score
Price HK$55.00
! 1 Warning Sign
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What is Mao Geping Cosmetics Co Beneish M-Score?

Mao Geping Cosmetics Co HKSE:01318 -1.70% 23 Beneish M-Score is -1.97 as of Jul. 07, 2026. GuruFocus rates HKSE:01318 with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 1,849 Consumer Packaged Goods companies, Mao Geping Cosmetics Co ranks worse than 79.02% 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 -1.97 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Mao Geping Cosmetics Co's Beneish M-Score or its related term are showing as below:

HKSE:01318' s Beneish M-Score Range Over the Past 10 Years
Min: -2.47   Med: -1.97   Max: -1.45
Current: -1.97

During the past 5 years, the highest Beneish M-Score of Mao Geping Cosmetics Co was -1.45. The lowest was -2.47. And the median was -1.97.

Mao Geping Cosmetics Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Mao Geping Cosmetics 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.

Mao Geping Cosmetics Co Beneish M-Score Chart

Mao Geping Cosmetics Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.45 -2.47 -1.97

Mao Geping Cosmetics Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial -1.45 0.00 -2.47 0.00 -1.97

HKSE:01318 vs PG, CL, KVUE: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Mao Geping Cosmetics 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.

Mao Geping Cosmetics Co Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mao Geping Cosmetics Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Mao Geping Cosmetics Co's Beneish M-Score falls into.


HKSE:01318
23GF Score
Mao Geping Cosmetics Co Ltd HKSE:01318
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mao Geping Cosmetics 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 Mao Geping Cosmetics 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 * 1.0367+0.528 * 1.0017+0.404 * 1.1563+0.892 * 1.3452+0.115 * 1.0375
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9565+4.679 * 0.000844-0.327 * 0.7194
=-1.97

* 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$352 Mil.
Revenue was HK$5,579 Mil.
Gross Profit was HK$4,699 Mil.
Total Current Assets was HK$4,727 Mil.
Total Assets was HK$6,112 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,258 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$100 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,966 Mil.
Total Current Liabilities was HK$909 Mil.
Long-Term Debt & Capital Lease Obligation was HK$44 Mil.
Net Income was HK$1,330 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$1,325 Mil.
 Total Receivables was HK$253 Mil.
Revenue was HK$4,148 Mil.
Gross Profit was HK$3,499 Mil.
Total Current Assets was HK$3,680 Mil.
Total Assets was HK$4,776 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,010 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$84 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,305 Mil.
Total Current Liabilities was HK$1,016 Mil.
Long-Term Debt & Capital Lease Obligation was HK$20 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)
=(352.398 / 5579.365) / (252.681 / 4147.579)
=0.063161 / 0.060923
=1.0367

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)
=(3499.314 / 4147.579) / (4699.153 / 5579.365)
=0.8437 / 0.842238
=1.0017

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 - (4726.918 + 1258.029) / 6112.428) / (1 - (3680.486 + 1009.565) / 4776.198)
=0.020856 / 0.018037
=1.1563

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
=5579.365 / 4147.579
=1.3452

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))
=(83.809 / (83.809 + 1009.565)) / (100.359 / (100.359 + 1258.029))
=0.076652 / 0.073881
=1.0375

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)
=(2966.481 / 5579.365) / (2305.489 / 4147.579)
=0.531688 / 0.555864
=0.9565

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)
=((44.429 + 909.016) / 6112.428) / ((19.819 + 1015.765) / 4776.198)
=0.155985 / 0.216822
=0.7194

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
=(1330.193 - 0 - 1325.036) / 6112.428
=0.000844

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.

Mao Geping Cosmetics Co has a M-score of -1.97 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 -1.97 mean?
Mao Geping Cosmetics Co (HKSE:01318) has a Beneish M-Score of -1.97 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mao Geping Cosmetics Co and its competitors. According to the industry distribution chart, Mao Geping Cosmetics Co ranks #1461 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 79%.
Is Mao Geping Cosmetics Co's Beneish M-Score too high?
Mao Geping Cosmetics Co's current Beneish M-Score is -1.97. Based on the distribution chart, Mao Geping Cosmetics Co ranks #1461 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Mao Geping Cosmetics Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Mao Geping Cosmetics Co's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Mao Geping Cosmetics Co ranks #1461 out of 1849 companies for Beneish M-Score. This places Mao Geping Cosmetics 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Mao Geping Cosmetics Co and its competitors. Mao Geping Cosmetics Co's current Beneish M-Score is -1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mao Geping Cosmetics Co stock overvalued right now?
Mao Geping Cosmetics Co (HKSE:01318) has a current Beneish M-Score of -1.97. The current Beneish M-Score is -1.97. Mao Geping Cosmetics Co's overall GF Score™ is 23/100 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 Mao Geping Cosmetics Co (HKSE:01318), the current Beneish M-Score is -1.97 as of Jul. 07, 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.

Mao Geping Cosmetics Co Business Description

Other Exchanges MAOGEP80:Thailand
Address Room 1001, Wanyin Building, Shangcheng District, Zhejiang, Hangzhou, CHN
Founded in 2000 and headquartered in Hangzhou, Mao Geping Beauty is one of China's leading premium beauty companies with a portfolio of color cosmetics, skincare, and fragrance products. It operates under the Mao Geping and Love Keeps brands. As of 2025, MGP ranked second in China's color cosmetics market with a 4.7% share, and 19th in premium skincare with a 1.5% share. Founder Mao Geping, his wife Wang Liqun, and sisters Mao Niping and Mao Huiping retain over 60% control. MGP sells primarily in China through a network of 445 brand counters across 131 cities.
23GF Score

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

HK$55.00
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