Chill Brands Group (LSE:CHLL) Beneish M-Score: 11.70 (As of Jun. 26, 2026)


What is Chill Brands Group Beneish M-Score?

Chill Brands Group LSE:CHLL Beneish M-Score is 11.70 as of Jun. 26, 2026. The stock has 5 warning signs investors should review. Among 911 Drug Manufacturers companies, Chill Brands Group ranks worse than 98.68% 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 11.7 higher than -1.78, which implies that the company might have manipulated its financial results.

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

LSE:CHLL' s Beneish M-Score Range Over the Past 10 Years
Min: -7.93   Med: -2.82   Max: 11.7
Current: 11.7

During the past 9 years, the highest Beneish M-Score of Chill Brands Group was 11.70. The lowest was -7.93. And the median was -2.82.

Chill Brands Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Chill Brands 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.

Chill Brands Group Beneish M-Score Chart

Chill Brands Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 -2.82 11.70

Chill Brands Group Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 -2.82 0.00 11.70 0.00 -7.93

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

For the Drug Manufacturers - Specialty & Generic subindustry, Chill Brands 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.

Chill Brands Group Beneish M-Score vs Drug Manufacturers Industry

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

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


Chill Brands 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 Chill Brands 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 * 0.2402+0.528 * -10.0602+0.404 * 1.095+0.892 * 22.988+0.115 * 0.6732
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.0425+4.679 * 0.173789-0.327 * 0.5972
=11.70

* 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 (Mar24) TTM:Last Year (Mar23) TTM:
Total Receivables was £2.47 Mil.
Revenue was £1.91 Mil.
Gross Profit was £0.47 Mil.
Total Current Assets was £3.92 Mil.
Total Assets was £5.27 Mil.
Property, Plant and Equipment(Net PPE) was £0.21 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.22 Mil.
Selling, General, & Admin. Expense(SGA) was £2.58 Mil.
Total Current Liabilities was £1.19 Mil.
Long-Term Debt & Capital Lease Obligation was £1.50 Mil.
Net Income was £-3.37 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-4.29 Mil.
 Total Receivables was £0.45 Mil.
Revenue was £0.08 Mil.
Gross Profit was £-0.21 Mil.
Total Current Assets was £4.68 Mil.
Total Assets was £6.14 Mil.
Property, Plant and Equipment(Net PPE) was £0.25 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.13 Mil.
Selling, General, & Admin. Expense(SGA) was £2.64 Mil.
Total Current Liabilities was £1.08 Mil.
Long-Term Debt & Capital Lease Obligation was £4.18 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)
=(2.468 / 1.908) / (0.447 / 0.083)
=1.293501 / 5.385542
=0.2402

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)
=(-0.207 / 0.083) / (0.473 / 1.908)
=-2.493976 / 0.247904
=-10.0602

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 - (3.923 + 0.207) / 5.265) / (1 - (4.679 + 0.253) / 6.141)
=0.215575 / 0.196873
=1.095

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
=1.908 / 0.083
=22.988

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))
=(0.133 / (0.133 + 0.253)) / (0.217 / (0.217 + 0.207))
=0.34456 / 0.511792
=0.6732

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)
=(2.578 / 1.908) / (2.636 / 0.083)
=1.351153 / 31.759036
=0.0425

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)
=((1.504 + 1.19) / 5.265) / ((4.184 + 1.078) / 6.141)
=0.511681 / 0.856864
=0.5972

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
=(-3.37 - 0 - -4.285) / 5.265
=0.173789

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.

Chill Brands Group has a M-score of 11.70 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 11.70 mean?
Chill Brands Group (LSE:CHLL) has a Beneish M-Score of 11.70 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chill Brands Group and its competitors. According to the industry distribution chart, Chill Brands Group ranks #899 out of 911 companies in the Drug Manufacturers industry, placing it in the top 98.7%.
Is Chill Brands Group's Beneish M-Score too high?
Chill Brands Group's current Beneish M-Score is 11.70. Based on the distribution chart, Chill Brands Group ranks #899 out of 911 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers.
How does Chill Brands Group's Beneish M-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Chill Brands Group ranks #899 out of 911 companies for Beneish M-Score. This places Chill Brands Group 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 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 Chill Brands Group and its competitors. Chill Brands Group's current Beneish M-Score is 11.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chill Brands Group stock overvalued right now?
Chill Brands Group (LSE:CHLL) has a current Beneish M-Score of 11.70. The current Beneish M-Score is 11.70. 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 Chill Brands Group (LSE:CHLL), the current Beneish M-Score is 11.70 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.

Chill Brands Group Business Description

Other Exchanges 7HR0:Germany
Address 1601 Riverfront Drive, Suite 201, Grand Junction, CO, USA, 81501
Chill Brands Group PLC is a distribution-led consumer packaged goods company mainly serving the UK convenience retail sector. Through its chill connect platform, the company provides direct-to-store distribution and advisory services to brands seeking to expand their distribution into the independent convenience channel. Its product range spans vaping and nicotine alternatives, with active expansion into sundries, beverages, confectionery, and other fast-moving consumer goods. The company also owns the chill.com domain name, which operates as a marketplace for wellness and other consumer products. Geographically, it operates in the United Kingdom (its key revenue-generating market) and the United States.