HUAGF (Huashi Group Holdings) Beneish M-Score: -2.07 (As of Jun. 26, 2026)


HUAGF Huashi Group Holdings Ltd HUAGF
51 GF Score
Price $0.04
! 4 Warning Signs
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What is Huashi Group Holdings Beneish M-Score?

Huashi Group Holdings HUAGF +9.38% 51 Beneish M-Score is -2.07 as of Jun. 26, 2026. GuruFocus rates HUAGF with a GF Score™ of 51/100. The stock has 4 warning signs investors should review. Among 989 Media - Diversified companies, Huashi Group Holdings ranks worse than 75.63% 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 -2.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Huashi Group Holdings's Beneish M-Score or its related term are showing as below:

HUAGF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.12   Med: -1.61   Max: 0.91
Current: -2.07

During the past 6 years, the highest Beneish M-Score of Huashi Group Holdings was 0.91. The lowest was -2.12. And the median was -1.61.

Huashi Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Huashi Group Holdings'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.

Huashi Group Holdings Beneish M-Score Chart

Huashi Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.91 -1.14 -2.12 -2.07

Huashi Group Holdings Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only -1.14 0.00 -2.12 0.00 -2.07

HUAGF vs APP, OMC, TTD: Beneish M-Score Comparison

For the Advertising Agencies subindustry, Huashi Group 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.

Huashi Group Holdings Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Huashi Group Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Huashi Group Holdings's Beneish M-Score falls into.


HUAGF
51GF Score
Huashi Group Holdings Ltd HUAGF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Huashi Group 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 Huashi Group 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 * 1.2882+0.528 * 0.8937+0.404 * 1.377+0.892 * 1.0424+0.115 * 1.0527
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1693+4.679 * 0.013416-0.327 * 1.0913
=-2.07

* 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 $60.45 Mil.
Revenue was $41.31 Mil.
Gross Profit was $25.56 Mil.
Total Current Assets was $78.34 Mil.
Total Assets was $93.69 Mil.
Property, Plant and Equipment(Net PPE) was $14.09 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.84 Mil.
Selling, General, & Admin. Expense(SGA) was $10.64 Mil.
Total Current Liabilities was $30.15 Mil.
Long-Term Debt & Capital Lease Obligation was $3.53 Mil.
Net Income was $10.13 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $8.87 Mil.
 Total Receivables was $45.02 Mil.
Revenue was $39.63 Mil.
Gross Profit was $21.91 Mil.
Total Current Assets was $63.51 Mil.
Total Assets was $71.79 Mil.
Property, Plant and Equipment(Net PPE) was $7.58 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.05 Mil.
Selling, General, & Admin. Expense(SGA) was $8.73 Mil.
Total Current Liabilities was $20.70 Mil.
Long-Term Debt & Capital Lease Obligation was $2.95 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)
=(60.45 / 41.308) / (45.017 / 39.629)
=1.463397 / 1.135961
=1.2882

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)
=(21.914 / 39.629) / (25.559 / 41.308)
=0.552979 / 0.618742
=0.8937

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 - (78.343 + 14.092) / 93.693) / (1 - (63.51 + 7.576) / 71.786)
=0.013427 / 0.009751
=1.377

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
=41.308 / 39.629
=1.0424

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))
=(1.048 / (1.048 + 7.576)) / (1.839 / (1.839 + 14.092))
=0.121521 / 0.115435
=1.0527

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)
=(10.643 / 41.308) / (8.732 / 39.629)
=0.25765 / 0.220344
=1.1693

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)
=((3.532 + 30.149) / 93.693) / ((2.945 + 20.701) / 71.786)
=0.359483 / 0.329396
=1.0913

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
=(10.131 - 0 - 8.874) / 93.693
=0.013416

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.

Huashi Group Holdings has a M-score of -2.07 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 -2.07 mean?
Huashi Group Holdings (HUAGF) has a Beneish M-Score of -2.07 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Huashi Group Holdings and its competitors. According to the industry distribution chart, Huashi Group Holdings ranks #748 out of 989 companies in the Media - Diversified industry, placing it in the top 75.6%.
Is Huashi Group Holdings' Beneish M-Score too high?
Huashi Group Holdings' current Beneish M-Score is -2.07. Based on the distribution chart, Huashi Group Holdings ranks #748 out of 989 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Huashi Group Holdings has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Huashi Group Holdings' Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Huashi Group Holdings ranks #748 out of 989 companies for Beneish M-Score. This places Huashi Group 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Huashi Group Holdings and its competitors. Huashi Group Holdings's current Beneish M-Score is -2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huashi Group Holdings stock overvalued right now?
Huashi Group Holdings (HUAGF) has a current Beneish M-Score of -2.07. The current Beneish M-Score is -2.07. Huashi Group 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 Huashi Group Holdings (HUAGF), the current Beneish M-Score is -2.07 as of Jun. 26, 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.

Huashi Group Holdings Business Description

Other Exchanges 01111:Hong Kong
Address Phase II Shuisheng Keji Yuan, 1st Floor, Block 2 Office Building, 1 Chagang Xincun Dongyuan, Wuchang District, Hubei Province, Wuhan, CHN
Huashi Group Holdings Ltd is a branding, advertising, and marketing service provider based in Hubei Province, the PRC, providing services across the entire value chain from market research through collaboration with research institutes to execution of branding, advertising, and marketing projects through collaboration with different media resources suppliers to assist brand owners, advertisers and advertising agents in formulating and implementing effective service proposals to fulfill their promotional needs and marketing objectives, thereby further enhancing their brand reputation to targeted recipients, and improving the competitiveness and market share of their products or services.
51GF 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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