Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583) Beneish M-Score: -1.67 (As of Aug. 08, 2026)

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HKSE:01583 Qinqin Foodstuffs Group (Cayman) Co Ltd HKSE:01583
48 GF Score
Price HK$1.15
GF Value HK$0.97
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Qinqin Foodstuffs Group (Cayman) Co Beneish M-Score?

Qinqin Foodstuffs Group (Cayman) Co HKSE:01583 +5.02% 48 Beneish M-Score is -1.67 as of Aug. 08, 2026. GuruFocus rates HKSE:01583 with a GF Score™ of 48/100 and a GF Value™ of HK$0.97 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,853 Consumer Packaged Goods companies, Qinqin Foodstuffs Group (Cayman) Co ranks worse than 85.16% 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.

Warning Sign:

Beneish M-Score -1.67 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Qinqin Foodstuffs Group (Cayman) Co's Beneish M-Score or its related term are showing as below:

HKSE:01583' s Beneish M-Score Range Over the Past 10 Years
Min: -3.62   Med: -2.5   Max: -1.67
Current: -1.67

During the past 13 years, the highest Beneish M-Score of Qinqin Foodstuffs Group (Cayman) Co was -1.67. The lowest was -3.62. And the median was -2.50.

Qinqin Foodstuffs Group (Cayman) Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Qinqin Foodstuffs Group (Cayman) 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.

Qinqin Foodstuffs Group (Cayman) Co Beneish M-Score Chart

Qinqin Foodstuffs Group (Cayman) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.15 -3.62 -1.84 -1.86 -1.67

Qinqin Foodstuffs Group (Cayman) Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.84 0.00 -1.86 0.00 -1.67

HKSE:01583 vs MDLZ, HSY, TR: Beneish M-Score Comparison

For the Confectioners subindustry, Qinqin Foodstuffs Group (Cayman) 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.

Qinqin Foodstuffs Group (Cayman) Co Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Qinqin Foodstuffs Group (Cayman) Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Qinqin Foodstuffs Group (Cayman) Co's Beneish M-Score falls into.


HKSE:01583
48GF Score
Qinqin Foodstuffs Group (Cayman) Co Ltd HKSE:01583
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qinqin Foodstuffs Group (Cayman) 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 Qinqin Foodstuffs Group (Cayman) 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 * 1.7566+0.528 * 1.0335+0.404 * 1.3265+0.892 * 0.9464+0.115 * 0.9261
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0626+4.679 * -0.004752-0.327 * 0.8429
=-1.67

* 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$27 Mil.
Revenue was HK$1,007 Mil.
Gross Profit was HK$276 Mil.
Total Current Assets was HK$729 Mil.
Total Assets was HK$1,935 Mil.
Property, Plant and Equipment(Net PPE) was HK$990 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$90 Mil.
Selling, General, & Admin. Expense(SGA) was HK$288 Mil.
Total Current Liabilities was HK$507 Mil.
Long-Term Debt & Capital Lease Obligation was HK$93 Mil.
Net Income was HK$-2 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$7 Mil.
 Total Receivables was HK$16 Mil.
Revenue was HK$1,064 Mil.
Gross Profit was HK$301 Mil.
Total Current Assets was HK$805 Mil.
Total Assets was HK$2,075 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,097 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$92 Mil.
Selling, General, & Admin. Expense(SGA) was HK$287 Mil.
Total Current Liabilities was HK$610 Mil.
Long-Term Debt & Capital Lease Obligation was HK$153 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)
=(26.876 / 1006.914) / (16.166 / 1063.932)
=0.026691 / 0.015195
=1.7566

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)
=(301.156 / 1063.932) / (275.791 / 1006.914)
=0.283059 / 0.273897
=1.0335

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 - (728.823 + 990.482) / 1934.666) / (1 - (804.522 + 1096.719) / 2075.41)
=0.111317 / 0.08392
=1.3265

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
=1006.914 / 1063.932
=0.9464

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))
=(91.786 / (91.786 + 1096.719)) / (90.112 / (90.112 + 990.482))
=0.077228 / 0.083391
=0.9261

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)
=(288.333 / 1006.914) / (286.699 / 1063.932)
=0.286353 / 0.269471
=1.0626

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)
=((93.15 + 506.826) / 1934.666) / ((153.461 + 610.085) / 2075.41)
=0.310119 / 0.367901
=0.8429

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
=(-2.476 - 0 - 6.717) / 1934.666
=-0.004752

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.

Qinqin Foodstuffs Group (Cayman) Co has a M-score of -1.67 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.67 mean?
Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583) has a Beneish M-Score of -1.67 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Qinqin Foodstuffs Group (Cayman) Co and its competitors. According to the industry distribution chart, Qinqin Foodstuffs Group (Cayman) Co ranks #1578 out of 1853 companies in the Consumer Packaged Goods industry, placing it in the top 85.2%.
Is Qinqin Foodstuffs Group (Cayman) Co's Beneish M-Score too high?
Qinqin Foodstuffs Group (Cayman) Co's current Beneish M-Score is -1.67. Based on the distribution chart, Qinqin Foodstuffs Group (Cayman) Co ranks #1578 out of 1853 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Qinqin Foodstuffs Group (Cayman) Co has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qinqin Foodstuffs Group (Cayman) Co's Beneish M-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Qinqin Foodstuffs Group (Cayman) Co ranks #1578 out of 1853 companies for Beneish M-Score. This places Qinqin Foodstuffs Group (Cayman) 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 Qinqin Foodstuffs Group (Cayman) Co and its competitors. Qinqin Foodstuffs Group (Cayman) Co's current Beneish M-Score is -1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qinqin Foodstuffs Group (Cayman) Co stock overvalued right now?
Based on GuruFocus' analysis, Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.97, compared to a current price of HK$1.15 — trading 18.6% above its estimated fair value. The current Beneish M-Score is -1.67. Qinqin Foodstuffs Group (Cayman) Co's overall GF Score™ is 48/100 with 3 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 Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583), the current Beneish M-Score is -1.67 as of Aug. 08, 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 Qinqin Foodstuffs Group (Cayman) Co (HKSE:01583) Overvalued in 2026?

Based on GuruFocus' analysis, Qinqin Foodstuffs Group (Cayman) Co stock appears to be overvalued. The current stock price of HK$1.15 is trading 18.6% above its estimated GF Value™ of HK$0.97. GuruFocus considers Qinqin Foodstuffs Group (Cayman) Co to be Modestly Overvalued.

Key valuation signals for HKSE:01583:

  • Beneish M-Score: -1.67
  • GF Value™: HK$0.97 vs. price of HK$1.15 (18.6% above fair value)
  • GF Score™: 48/100 with 3 warning signs

No single metric tells the full story. See the HKSE:01583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Qinqin Foodstuffs Group (Cayman) Co Business Description

Address Wuli Industrial Park, Fujian Province, Jinjiang City, CHN
Qinqin Foodstuffs Group (Cayman) Co Ltd is an investment holding company. Along with its subsidiaries, it manufactures, distributes, and sells food and snack products in China. The group's reportable operating segments are Jelly products, Crackers and chips, Seasoning products, and Confectionery and other products. Maximum revenue is generated from its Jelly products segment. Geographically, the group generates a majority of its revenue from the People's Republic of China.
48GF Score

Get the complete analysis for HKSE:01583

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

HK$1.15
Price
HK$0.97
GF Value