Animalcare Group (LSE:ANCR) Beneish M-Score: -3.02 (As of Jul. 03, 2026)


LSE:ANCR Animalcare Group PLC LSE:ANCR
79 GF Score
Price £3.34
GF Value £2.56
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Animalcare Group Beneish M-Score?

Animalcare Group LSE:ANCR +0.45% 79 Beneish M-Score is -3.02 as of Jul. 03, 2026. GuruFocus rates LSE:ANCR with a GF Score™ of 79/100 and a GF Value™ of £2.56 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 909 Drug Manufacturers companies, Animalcare Group ranks better than 83.5% 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 -3.02 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:ANCR' s Beneish M-Score Range Over the Past 10 Years
Min: -3.3   Med: -2.87   Max: 1.33
Current: -3.02

During the past 13 years, the highest Beneish M-Score of Animalcare Group was 1.33. The lowest was -3.30. And the median was -2.87.

Animalcare Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Animalcare Group'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.

Animalcare Group Beneish M-Score Chart

Animalcare Group Annual Data
Trend Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.30 -2.16 -2.88 1.33 -3.02

Animalcare Group Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 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 -2.88 0.00 1.33 0.00 -3.02

LSE:ANCR vs ZTS, UTHR, VTRS: Beneish M-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Animalcare Group'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.

Animalcare Group Beneish M-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Animalcare Group's Beneish M-Score distribution charts can be found below:

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


LSE:ANCR
79GF Score
Animalcare Group PLC LSE:ANCR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Animalcare Group 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 Animalcare Group 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 * 0.1812+0.528 * 0.9637+0.404 * 2.064+0.892 * 1.2004+0.115 * 1.0674
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.4597+4.679 * -0.042605-0.327 * 0.7921
=-3.02

* 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 £15.97 Mil.
Revenue was £89.11 Mil.
Gross Profit was £51.38 Mil.
Total Current Assets was £34.23 Mil.
Total Assets was £158.10 Mil.
Property, Plant and Equipment(Net PPE) was £4.22 Mil.
Depreciation, Depletion and Amortization(DDA) was £9.24 Mil.
Selling, General, & Admin. Expense(SGA) was £37.76 Mil.
Total Current Liabilities was £21.20 Mil.
Long-Term Debt & Capital Lease Obligation was £11.89 Mil.
Net Income was £5.08 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £11.81 Mil.
 Total Receivables was £73.45 Mil.
Revenue was £74.23 Mil.
Gross Profit was £41.24 Mil.
Total Current Assets was £97.96 Mil.
Total Assets was £158.81 Mil.
Property, Plant and Equipment(Net PPE) was £2.62 Mil.
Depreciation, Depletion and Amortization(DDA) was £7.18 Mil.
Selling, General, & Admin. Expense(SGA) was £12.79 Mil.
Total Current Liabilities was £20.61 Mil.
Long-Term Debt & Capital Lease Obligation was £21.35 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)
=(15.974 / 89.107) / (73.452 / 74.228)
=0.179268 / 0.989546
=0.1812

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)
=(41.244 / 74.228) / (51.376 / 89.107)
=0.555639 / 0.576565
=0.9637

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 - (34.228 + 4.221) / 158.104) / (1 - (97.961 + 2.621) / 158.813)
=0.756812 / 0.366664
=2.064

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
=89.107 / 74.228
=1.2004

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))
=(7.181 / (7.181 + 2.621)) / (9.236 / (9.236 + 4.221))
=0.732606 / 0.686334
=1.0674

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)
=(37.762 / 89.107) / (12.789 / 74.228)
=0.423783 / 0.172293
=2.4597

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)
=((11.887 + 21.2) / 158.104) / ((21.348 + 20.608) / 158.813)
=0.209274 / 0.264185
=0.7921

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
=(5.078 - 0 - 11.814) / 158.104
=-0.042605

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.

Animalcare Group has a M-score of -3.02 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 -3.02 mean?
Animalcare Group (LSE:ANCR) has a Beneish M-Score of -3.02 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Animalcare Group and its competitors. According to the industry distribution chart, Animalcare Group ranks #150 out of 909 companies in the Drug Manufacturers industry, placing it in the top 16.5%.
Is Animalcare Group's Beneish M-Score too high?
Animalcare Group's current Beneish M-Score is -3.02. Based on the distribution chart, Animalcare Group ranks #150 out of 909 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Animalcare Group has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Animalcare Group's Beneish M-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Animalcare Group ranks #150 out of 909 companies for Beneish M-Score. This places Animalcare Group in the top 17% of its industry — outperforming the majority of peers. 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 Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 Animalcare Group and its competitors. Animalcare Group's current Beneish M-Score is -3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Animalcare Group stock overvalued right now?
Based on GuruFocus' analysis, Animalcare Group (LSE:ANCR) is currently considered Modestly Overvalued. The stock's GF Value™ is £2.56, compared to a current price of £3.34 — trading 30.3% above its estimated fair value. The current Beneish M-Score is -3.02. Animalcare Group's overall GF Score™ is 79/100 with 7 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 Animalcare Group (LSE:ANCR), the current Beneish M-Score is -3.02 as of Jul. 03, 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 Animalcare Group (LSE:ANCR) Overvalued in 2026?

Based on GuruFocus' analysis, Animalcare Group stock appears to be overvalued. The current stock price of £3.34 is trading 30.3% above its estimated GF Value™ of £2.56. GuruFocus considers Animalcare Group to be Modestly Overvalued.

Key valuation signals for LSE:ANCR:

  • Beneish M-Score: -3.02
  • GF Value™: £2.56 vs. price of £3.34 (30.3% above fair value)
  • GF Score™: 79/100 with 7 warning signs

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

Animalcare Group Business Description

Other Exchanges WQ7:Germany
Address Monks Cross Drive, Moorside, York, GBR, YO32 9LB
Animalcare Group PLC is active in the healthcare division in the United Kingdom. It is a generic veterinary medicines company. The company mainly caters to veterinary professionals in the treatment of companion animals through a product line comprised of licensed veterinary medicines and companion animal identification products and services. The company operates in Animalcare Europe and Randlab segment. The company derives maximum revenue from the Animalcare Europe segment engaged in development and sale of veterinary pharmaceutical products in Europe and the European International Partners network. Geographically, the company derives maximum revenue from Europe region, followed by Asia-Pacific and other regions.
79GF Score

Get the complete analysis for LSE:ANCR

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

£3.34
Price
£2.56
GF Value