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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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Aluminum Cans Holdings's Beneish M-Score or its related term are showing as below:
HKSE:06898'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.76 Med: -2.51 Max: 1.92
Current: -2.52
During the past 13 years, the highest Beneish M-Score of China Aluminum Cans Holdings was 1.92. The lowest was -3.76. And the median was -2.51.
* 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.
China Aluminum Cans Holdings Beneish M-Score Chart
HKSE:06898 vs SW, PKG, IP: Beneish M-Score Comparison
For the Packaging & Containers subindustry, China Aluminum Cans Holdings'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 Aluminum Cans Holdings Beneish M-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, China Aluminum Cans Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Aluminum Cans Holdings's Beneish M-Score falls into.
China Aluminum Cans Holdings 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 Aluminum Cans Holdings 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 * 1.2986
+
0.528 * 1.0945
+
0.404 * 1.2441
+
0.892 * 1.0227
+
0.115 * 0.972
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9128
+
4.679 * -0.078182
-
0.327 * 1.3961
=
-2.52
* 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))
=
(17.674 / (17.674 + 170.509))
/
(16.681 / (16.681 + 155.958))
=
0.093919
/
0.096624
=
0.972
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
=
(19.027 - 0
-
40.906)
/
279.847
=
-0.078182
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 Aluminum Cans Holdings has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
China Aluminum Cans Holdings (HKSE:06898) has a Beneish M-Score of -2.52 as of Aug. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Aluminum Cans Holdings and its competitors. According to the industry distribution chart, China Aluminum Cans Holdings ranks #194 out of 383 companies in the Packaging & Containers industry, placing it in the top 50.7%.
Is China Aluminum Cans Holdings' Beneish M-Score too high?
China Aluminum Cans Holdings' current Beneish M-Score is -2.52. Based on the distribution chart, China Aluminum Cans Holdings ranks #194 out of 383 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, China Aluminum Cans Holdings has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Aluminum Cans Holdings' Beneish M-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, China Aluminum Cans Holdings ranks #194 out of 383 companies for Beneish M-Score. This places China Aluminum Cans Holdings 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 Packaging & Containers company?
A good Beneish M-Score depends on the Packaging & Containers 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 Aluminum Cans Holdings and its competitors. China Aluminum Cans Holdings's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Aluminum Cans Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Aluminum Cans Holdings (HKSE:06898) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.70, compared to a current price of HK$0.73 — trading 4.3% above its estimated fair value. The current Beneish M-Score is -2.52. China Aluminum Cans Holdings' overall GF Score™ is 51/100 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 Aluminum Cans Holdings (HKSE:06898), the current Beneish M-Score is -2.52 as of Aug. 29, 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 Aluminum Cans Holdings (HKSE:06898) Overvalued in 2026?
Based on GuruFocus' analysis, China Aluminum Cans Holdings stock appears to be overvalued.
The current stock price of HK$0.73 is trading 4.3% above its estimated GF Value™ of HK$0.70.
GuruFocus considers China Aluminum Cans Holdings to be Fairly Valued.
Key valuation signals for HKSE:06898:
Beneish M-Score: -2.52
GF Value™: HK$0.70 vs. price of HK$0.73 (4.3% above fair value)
No single metric tells the full story. See the HKSE:06898 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Aluminum Cans Holdings Ltd is engaged in the manufacture and sale of aluminum aerosol cans. It manufactures and sells monobloc aluminum aerosol cans, which are generally used in the packaging of fast-moving personal care products such as sanitizer products, body deodorant, hair styling products and shaving cream, as well as pharmaceutical products such as pain relieving spray, spray dressing and antiseptic spray. The group has a wide range of extrusion dies available to produce more than 50 models of aluminum aerosol cans of base diameters from 22 mm to 66 mm and heights from 58 mm to 247 mm with various features and shapes for its customers' selection. Geographically, it operates in Africa, America, Asia, and Chinese Mainland.
51GF Score
Get the complete analysis for HKSE:06898
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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