Jinhui Shipping and Transportation (OSL:JIN) Beneish M-Score: -2.17 (As of Jun. 27, 2026)


OSL:JIN Jinhui Shipping and Transportation Ltd OSL:JIN
74 GF Score
Price kr6.10
GF Value kr6.92
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Jinhui Shipping and Transportation Beneish M-Score?

Jinhui Shipping and Transportation OSL:JIN -0.65% 74 Beneish M-Score is -2.17 as of Jun. 27, 2026. GuruFocus rates OSL:JIN with a GF Score™ of 74/100 and a GF Value™ of kr6.92 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 966 Transportation companies, Jinhui Shipping and Transportation ranks worse than 74.33% 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 -2.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSL:JIN' s Beneish M-Score Range Over the Past 10 Years
Min: -18.13   Med: -2.75   Max: 7.87
Current: -2.17

During the past 13 years, the highest Beneish M-Score of Jinhui Shipping and Transportation was 7.87. The lowest was -18.13. And the median was -2.75.

Jinhui Shipping and Transportation Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jinhui Shipping and Transportation'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.

Jinhui Shipping and Transportation Beneish M-Score Chart

Jinhui Shipping and Transportation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.06 -2.99 -4.44 -3.87 -2.17

Jinhui Shipping and Transportation Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 -2.17 0.00

Jinhui Shipping and Transportation Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, Jinhui Shipping and Transportation'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.

Jinhui Shipping and Transportation Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Jinhui Shipping and Transportation's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jinhui Shipping and Transportation's Beneish M-Score falls into.


OSL:JIN
74GF Score
Jinhui Shipping and Transportation Ltd OSL:JIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jinhui Shipping and Transportation 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 Jinhui Shipping and Transportation 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 * 1.1921+0.528 * 2.4283+0.404 * 1.122+0.892 * 0.8928+0.115 * 0.6908
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7001+4.679 * -0.121972-0.327 * 1.059
=-2.17

* 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 kr110 Mil.
Revenue was kr1,592 Mil.
Gross Profit was kr103 Mil.
Total Current Assets was kr1,461 Mil.
Total Assets was kr5,556 Mil.
Property, Plant and Equipment(Net PPE) was kr3,764 Mil.
Depreciation, Depletion and Amortization(DDA) was kr582 Mil.
Selling, General, & Admin. Expense(SGA) was kr5 Mil.
Total Current Liabilities was kr459 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,254 Mil.
Net Income was kr127 Mil.
Gross Profit was kr0 Mil.
Cash Flow from Operations was kr804 Mil.
 Total Receivables was kr103 Mil.
Revenue was kr1,783 Mil.
Gross Profit was kr280 Mil.
Total Current Assets was kr703 Mil.
Total Assets was kr5,882 Mil.
Property, Plant and Equipment(Net PPE) was kr4,867 Mil.
Depreciation, Depletion and Amortization(DDA) was kr496 Mil.
Selling, General, & Admin. Expense(SGA) was kr9 Mil.
Total Current Liabilities was kr552 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,160 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)
=(109.609 / 1591.726) / (102.992 / 1782.922)
=0.068862 / 0.057766
=1.1921

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)
=(279.635 / 1782.922) / (102.807 / 1591.726)
=0.156841 / 0.064588
=2.4283

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 - (1460.872 + 3764.426) / 5556.107) / (1 - (702.767 + 4866.882) / 5881.756)
=0.05954 / 0.053064
=1.122

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
=1591.726 / 1782.922
=0.8928

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))
=(495.818 / (495.818 + 4866.882)) / (581.723 / (581.723 + 3764.426))
=0.092457 / 0.133848
=0.6908

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)
=(5.357 / 1591.726) / (8.572 / 1782.922)
=0.003366 / 0.004808
=0.7001

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)
=((1253.801 + 458.964) / 5556.107) / ((1160.189 + 551.954) / 5881.756)
=0.308267 / 0.291094
=1.059

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
=(126.781 - 0 - 804.469) / 5556.107
=-0.121972

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.

Jinhui Shipping and Transportation has a M-score of -2.17 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 -2.17 mean?
Jinhui Shipping and Transportation (OSL:JIN) has a Beneish M-Score of -2.17 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jinhui Shipping and Transportation and its competitors. According to the industry distribution chart, Jinhui Shipping and Transportation ranks #718 out of 966 companies in the Transportation industry, placing it in the top 74.3%.
Is Jinhui Shipping and Transportation's Beneish M-Score too high?
Jinhui Shipping and Transportation's current Beneish M-Score is -2.17. Based on the distribution chart, Jinhui Shipping and Transportation ranks #718 out of 966 companies in the Transportation industry, which is below the industry midpoint. Overall, Jinhui Shipping and Transportation has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jinhui Shipping and Transportation's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, Jinhui Shipping and Transportation ranks #718 out of 966 companies for Beneish M-Score. This places Jinhui Shipping and Transportation 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 Jinhui Shipping and Transportation and its competitors. Jinhui Shipping and Transportation's current Beneish M-Score is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinhui Shipping and Transportation stock overvalued right now?
Based on GuruFocus' analysis, Jinhui Shipping and Transportation (OSL:JIN) is currently considered Modestly Undervalued. The stock's GF Value™ is kr6.92, compared to a current price of kr6.10 — trading 11.8% below its estimated fair value. The current Beneish M-Score is -2.17. Jinhui Shipping and Transportation's overall GF Score™ is 74/100 with 9 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 Jinhui Shipping and Transportation (OSL:JIN), the current Beneish M-Score is -2.17 as of Jun. 27, 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 Jinhui Shipping and Transportation (OSL:JIN) Overvalued in 2026?

Based on GuruFocus' analysis, Jinhui Shipping and Transportation stock appears to be undervalued. The current stock price of kr6.10 is trading 11.8% below its estimated GF Value™ of kr6.92. GuruFocus considers Jinhui Shipping and Transportation to be Modestly Undervalued.

Key valuation signals for OSL:JIN:

  • Beneish M-Score: -2.17
  • GF Value™: kr6.92 vs. price of kr6.10 (11.8% below fair value)
  • GF Score™: 74/100 with 9 warning signs

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

Jinhui Shipping and Transportation Business Description

Address 2 Church Street, Clarendon House, Hamilton, BMU, HM 11
Jinhui Shipping and Transportation Ltd is engaged in the business of ship chartering and ship owning which are carried out internationally. The company is the owner of dry bulk vessels offering high quality marine transportation services. It operates a diverse fleet of dry bulk carriers, encompassing a range of sizes from Supramax to Capesize. It operates in single segment of ship chartering and ship owning. Geographically, its operations are spread across China, Singapore, Japan, Norway, United Arab Emirates, Denmark, South Korea, Switzerland, Germany, and other countries with majority of the revenue deriving from China.
74GF Score

Get the complete analysis for OSL:JIN

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

kr6.10
Price
kr6.92
GF Value