Petro Vietnam Phuoc An Port Investment & Operation JSC (HSTC:PAP) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


HSTC:PAP Petro Vietnam Phuoc An Port Investment & Operation JSC HSTC:PAP
24 GF Score
Price ₫27,000.00
! 2 Warning Signs
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What is Petro Vietnam Phuoc An Port Investment & Operation JSC Beneish M-Score?

Petro Vietnam Phuoc An Port Investment & Operation JSC HSTC:PAP 24 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates HSTC:PAP with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 960 Transportation companies, Petro Vietnam Phuoc An Port Investment & Operation JSC ranks worse than 104166.56% 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.

The historical rank and industry rank for Petro Vietnam Phuoc An Port Investment & Operation JSC's Beneish M-Score or its related term are showing as below:

During the past 2 years, the highest Beneish M-Score of Petro Vietnam Phuoc An Port Investment & Operation JSC was 0.00. The lowest was 0.00. And the median was 0.00.

Petro Vietnam Phuoc An Port Investment & Operation JSC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Petro Vietnam Phuoc An Port Investment & Operation JSC'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.

Petro Vietnam Phuoc An Port Investment & Operation JSC Beneish M-Score Chart

Petro Vietnam Phuoc An Port Investment & Operation JSC Annual Data
Trend Dec23 Dec24
Beneish M-Score
0.00 0.00

Petro Vietnam Phuoc An Port Investment & Operation JSC Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Petro Vietnam Phuoc An Port Investment & Operation JSC Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, Petro Vietnam Phuoc An Port Investment & Operation JSC'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.

Petro Vietnam Phuoc An Port Investment & Operation JSC Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Petro Vietnam Phuoc An Port Investment & Operation JSC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Petro Vietnam Phuoc An Port Investment & Operation JSC's Beneish M-Score falls into.


HSTC:PAP
24GF Score
Petro Vietnam Phuoc An Port Investment & Operation JSC HSTC:PAP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Petro Vietnam Phuoc An Port Investment & Operation JSC 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 Petro Vietnam Phuoc An Port Investment & Operation JSC 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was ₫229,769 Mil.
Revenue was 43006.216 + 19162.545 + 9830.63 + 2176.403 = ₫74,176 Mil.
Gross Profit was -52483.18 + -56203.788 + -53156.25 + -17759.557 = ₫-179,603 Mil.
Total Current Assets was ₫2,929,733 Mil.
Total Assets was ₫11,089,977 Mil.
Property, Plant and Equipment(Net PPE) was ₫8,120,203 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫0 Mil.
Selling, General, & Admin. Expense(SGA) was ₫9,789 Mil.
Total Current Liabilities was ₫3,653,738 Mil.
Long-Term Debt & Capital Lease Obligation was ₫4,211,447 Mil.
Net Income was -131290.972 + -125130.755 + -122603.943 + -23804.768 = ₫-402,830 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was 0 + 0 + 3650.077 + 0 = ₫3,650 Mil.
 Total Receivables was ₫125,665 Mil.
Revenue was 0 + 0 + 0 + 0 = ₫0 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₫0 Mil.
Total Current Assets was ₫771,175 Mil.
Total Assets was ₫6,692,024 Mil.
Property, Plant and Equipment(Net PPE) was ₫5,916,965 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫0 Mil.
Selling, General, & Admin. Expense(SGA) was ₫177 Mil.
Total Current Liabilities was ₫296,487 Mil.
Long-Term Debt & Capital Lease Obligation was ₫2,767,464 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)
=(229768.841 / 74175.794) / (125664.606 / 0)
=3.097626 /
=

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)
=(0 / 0) / (-179602.775 / 74175.794)
= / -2.421312
=

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 - (2929732.624 + 8120202.591) / 11089976.569) / (1 - (771174.829 + 5916965.492) / 6692023.687)
=0.003611 / 0.00058
=

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
=74175.794 / 0
=

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))
=(0 / (0 + 5916965.492)) / (0 / (0 + 8120202.591))
=0 / 0
=

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)
=(9789.174 / 74175.794) / (177.217 / 0)
=0.131973 /
=

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)
=((4211446.574 + 3653738.124) / 11089976.569) / ((2767464.198 + 296487.298) / 6692023.687)
=0.709216 / 0.457851
=

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
=(-402830.438 - 0 - 3650.077) / 11089976.569
=-0.036653

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Petro Vietnam Phuoc An Port Investment & Operation JSC (HSTC:PAP) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Petro Vietnam Phuoc An Port Investment & Operation JSC and its competitors. According to the industry distribution chart, Petro Vietnam Phuoc An Port Investment & Operation JSC ranks #999999 out of 960 companies in the Transportation industry.
Is Petro Vietnam Phuoc An Port Investment & Operation JSC's Beneish M-Score too high?
Petro Vietnam Phuoc An Port Investment & Operation JSC's current Beneish M-Score is 0.00. Based on the distribution chart, Petro Vietnam Phuoc An Port Investment & Operation JSC ranks #999999 out of 960 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Petro Vietnam Phuoc An Port Investment & Operation JSC has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Petro Vietnam Phuoc An Port Investment & Operation JSC's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, Petro Vietnam Phuoc An Port Investment & Operation JSC ranks #999999 out of 960 companies for Beneish M-Score. This places Petro Vietnam Phuoc An Port Investment & Operation JSC 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Petro Vietnam Phuoc An Port Investment & Operation JSC and its competitors. Petro Vietnam Phuoc An Port Investment & Operation JSC's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petro Vietnam Phuoc An Port Investment & Operation JSC stock overvalued right now?
Petro Vietnam Phuoc An Port Investment & Operation JSC (HSTC:PAP) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Petro Vietnam Phuoc An Port Investment & Operation JSC's overall GF Score™ is 24/100 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 Petro Vietnam Phuoc An Port Investment & Operation JSC (HSTC:PAP), the current Beneish M-Score is 0.00 as of Jul. 01, 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.

Petro Vietnam Phuoc An Port Investment & Operation JSC Business Description

Address Phuoc An Port Logistics Service Area, Ba Truong Hamlet, Phuoc An Commune, Nhon Trach District, Dong Nai Province, Ho Chi Minh City, VNM
Petro Vietnam Phuoc An Port Investment & Operation JSC engages in the exploitation and development of the Port and Logistics Zone. Its services include Trading maritime, waterway, and overland transportation; Shipping agency; Hiring and renting transportation facilities, handling and lifting equipment; operation of container service bases, cargo warehouses, and specialized works.
24GF 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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