Wynnstay Group (LSE:WYN) Beneish M-Score: -2.58 (As of Jun. 26, 2026)

What is Wynnstay Group Beneish M-Score?

Wynnstay Group LSE:WYN -2.86% 70 Beneish M-Score is -2.58 as of Jun. 26, 2026. GuruFocus rates LSE:WYN with a GF Score™ of 70/100 and a GF Value™ of £3.06 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 246 Agriculture companies, Wynnstay Group ranks better than 65.45% 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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:WYN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.04 Med: -2.55 Max: -2.02
Current: -2.58

During the past 13 years, the highest Beneish M-Score of Wynnstay Group was -2.02. The lowest was -3.04. And the median was -2.55.

Wynnstay Group Beneish M-Score Related Terms

Wynnstay Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Wynnstay 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.

Wynnstay Group Beneish M-Score Chart

Wynnstay Group Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Beneish M-Score

Get a 7-Day Free Trial

-2.34

-2.02

-2.62

-3.01

-2.58

Wynnstay Group Semi-Annual Data
	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25
Beneish M-Score	Get a 7-Day Free Trial															-2.62	0.00	-3.01	0.00	-2.58

LSE:WYN vs CTVA, CF, MOS: Beneish M-Score Comparison

For the Agricultural Inputs subindustry, Wynnstay 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.

Wynnstay Group Beneish M-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Wynnstay Group's Beneish M-Score distribution charts can be found below:

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

Save Embed

70GF Score

Wynnstay Group PLC LSE:WYN

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Wynnstay 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 Wynnstay Group for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.1199

0.528 * 0.936

0.404 * 0.9646

0.892 * 0.9517

0.115 * 0.9881

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0501

4.679 * -0.022418

0.327 * 1.001

-2.58

This Year (Oct25) TTM:

Last Year (Oct24) TTM:

Total Receivables was £75.7 Mil.
Revenue was £583.4 Mil.
Gross Profit was £80.5 Mil.
Total Current Assets was £152.6 Mil.
Total Assets was £220.5 Mil.
Property, Plant and Equipment(Net PPE) was £42.4 Mil.
Depreciation, Depletion and Amortization(DDA) was £6.9 Mil.
Selling, General, & Admin. Expense(SGA) was £71.7 Mil.
Total Current Liabilities was £69.7 Mil.
Long-Term Debt & Capital Lease Obligation was £13.1 Mil.
Net Income was £2.3 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £7.2 Mil.

Total Receivables was £71.0 Mil.
Revenue was £613.1 Mil.
Gross Profit was £79.2 Mil.
Total Current Assets was £154.9 Mil.
Total Assets was £220.6 Mil.
Property, Plant and Equipment(Net PPE) was £39.3 Mil.
Depreciation, Depletion and Amortization(DDA) was £6.3 Mil.
Selling, General, & Admin. Expense(SGA) was £71.7 Mil.
Total Current Liabilities was £68.7 Mil.
Long-Term Debt & Capital Lease Obligation was £14.1 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)
	=	(75.694 / 583.436)	/	(71.018 / 613.053)
	=	0.129738	/	0.115843
	=	1.1199

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)
	=	(79.209 / 613.053)	/	(80.535 / 583.436)
	=	0.129204	/	0.138036
	=	0.936

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 - (152.589 + 42.44) / 220.451)	/	(1 - (154.903 + 39.335) / 220.612)
	=	0.115318	/	0.119549
	=	0.9646

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
	=	583.436	/	613.053
	=	0.9517

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))
	=	(6.335 / (6.335 + 39.335))	/	(6.931 / (6.931 + 42.44))
	=	0.138713	/	0.140386
	=	0.9881

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)
	=	(71.687 / 583.436)	/	(71.734 / 613.053)
	=	0.12287	/	0.117011
	=	1.0501

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)
	=	((13.079 + 69.701) / 220.451)	/	((14.105 + 68.656) / 220.612)
	=	0.375503	/	0.375143
	=	1.001

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
	=	(2.286 - 0	-	7.228)	/	220.451
	=	-0.022418

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.

Wynnstay Group has a M-score of -2.58 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 -2.58 mean?

Wynnstay Group (LSE:WYN) has a Beneish M-Score of -2.58 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wynnstay Group and its competitors. According to the industry distribution chart, Wynnstay Group ranks #85 out of 246 companies in the Agriculture industry, placing it in the top 34.6%.

Is Wynnstay Group's Beneish M-Score too high?

Wynnstay Group's current Beneish M-Score is -2.58. Based on the distribution chart, Wynnstay Group ranks #85 out of 246 companies in the Agriculture industry, which is above the industry midpoint. Overall, Wynnstay Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Wynnstay Group's Beneish M-Score compare to CTVA and CF?

According to the Agriculture industry distribution chart, Wynnstay Group ranks #85 out of 246 companies for Beneish M-Score. This puts Wynnstay Group in the upper 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 an Agriculture company?

A good Beneish M-Score depends on the Agriculture 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 Wynnstay Group and its competitors. Wynnstay Group's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wynnstay Group stock overvalued right now?

Based on GuruFocus' analysis, Wynnstay Group (LSE:WYN) is currently considered Modestly Overvalued. The stock's GF Value™ is £3.06, compared to a current price of £3.40 — trading 11.1% above its estimated fair value. The current Beneish M-Score is -2.58. Wynnstay Group's overall GF Score™ is 70/100 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 Wynnstay Group (LSE:WYN), the current Beneish M-Score is -2.58 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.

Is Wynnstay Group (LSE:WYN) Overvalued in 2026?

Based on GuruFocus' analysis, Wynnstay Group stock appears to be overvalued. The current stock price of £3.40 is trading 11.1% above its estimated GF Value™ of £3.06. GuruFocus considers Wynnstay Group to be Modestly Overvalued.

Key valuation signals for LSE:WYN:

Beneish M-Score: -2.58
GF Value™: £3.06 vs. price of £3.40 (11.1% above fair value)
GF Score™: 70/100 with 4 warning signs

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

Wynnstay Group Business Description

Industry Basic Materials Agriculture

Comparable Companies LSE:EDEN LSE:EML LSE:KRPZ LSE:HMI CTVA TSX:NTR SZSE:000792 DSMD:IQCD SAU:2020 CF OSL:YAR AMM:JOPH XTAE:ICL SHSE:600096 MOS ADX:FERTIGLB SZSE:000893 BOM:590024 NSE:UPL BOM:506395

Other Exchanges 80Y:Germany

Address Eagle House, Llansantffraid Ym Mechain, Powys, GBR, SY22 6AQ

Website https://www.wynnstayplc.co.uk

Wynnstay Group PLC is a provider of agricultural supplies and services to farmers and rural communities in the United Kingdom. The company operates in three business segments: Feed and Grain, Arable, and Stores. The majority of its revenue is generated from the Feed and Grain segment, which manufactures and supplies a wide range of feeds and animal nutrition products for a range of sectors. It also sells a range of feed raw materials through both the Wynnstay and Glasson Grain brands, and offers grain and combinable crop marketing services through the GrainLink business. The Arable segment manufactures blended fertiliser and offers services and products to arable and grassland farmers, and the Stores segment caters to the needs of farmers and rural dwellers.

70GF Score

Get the complete analysis for LSE:WYN

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

£3.40

Price

£3.06

GF Value

View LSE:WYN Analysis

See Beneish M-Score data for all stocks →