Humanwell Healthcare (Group) Co (SHSE:600079) Beneish M-Score: -2.57 (As of Jul. 14, 2026)

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SHSE:600079 Humanwell Healthcare (Group) Co Ltd SHSE:600079
61 GF Score
Price ¥17.40
GF Value ¥21.63
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Humanwell Healthcare (Group) Co Beneish M-Score?

Humanwell Healthcare (Group) Co SHSE:600079 +0.12% 61 Beneish M-Score is -2.57 as of Jul. 14, 2026. GuruFocus rates SHSE:600079 with a GF Score™ of 61/100 and a GF Value™ of ¥21.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 911 Drug Manufacturers companies, Humanwell Healthcare (Group) Co ranks better than 56.2% 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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Humanwell Healthcare (Group) Co's Beneish M-Score or its related term are showing as below:

SHSE:600079' s Beneish M-Score Range Over the Past 10 Years
Min: -2.98   Med: -2.55   Max: -1.86
Current: -2.57

During the past 13 years, the highest Beneish M-Score of Humanwell Healthcare (Group) Co was -1.86. The lowest was -2.98. And the median was -2.55.


Humanwell Healthcare (Group) Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Humanwell Healthcare (Group) Co'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.

Humanwell Healthcare (Group) Co Beneish M-Score Chart

Humanwell Healthcare (Group) Co 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 -2.78 -2.37 -2.41 -2.51 -2.54

Humanwell Healthcare (Group) Co 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 -2.46 -2.50 -2.52 -2.54 -2.57

SHSE:600079 vs ZTS, UTHR: Beneish M-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Humanwell Healthcare (Group) Co'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.


Humanwell Healthcare (Group) Co Beneish M-Score vs Drug Manufacturers Industry

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

* The bar in red indicates where Humanwell Healthcare (Group) Co's Beneish M-Score falls into.


SHSE:600079
61GF Score
Humanwell Healthcare (Group) Co Ltd SHSE:600079
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Humanwell Healthcare (Group) Co 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 Humanwell Healthcare (Group) Co 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 * 1.0941+0.528 * 0.9298+0.404 * 1.114+0.892 * 0.9492+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0282+4.679 * -0.03279-0.327 * 0.9349
=-2.57

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ¥12,072 Mil.
Revenue was 6101.249 + 6078.658 + 5819.434 + 5926.518 = ¥23,926 Mil.
Gross Profit was 3022.187 + 2978.343 + 2761.888 + 2832.587 = ¥11,595 Mil.
Total Current Assets was ¥21,509 Mil.
Total Assets was ¥37,612 Mil.
Property, Plant and Equipment(Net PPE) was ¥9,267 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥3,704 Mil.
Total Current Liabilities was ¥11,197 Mil.
Long-Term Debt & Capital Lease Obligation was ¥2,637 Mil.
Net Income was 588.168 + 166.758 + 533.91 + 614.321 = ¥1,903 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was 280.926 + 870.769 + 789.563 + 1195.171 = ¥3,136 Mil.
Total Receivables was ¥11,624 Mil.
Revenue was 6137.4 + 6292.11 + 6282.091 + 6493.912 = ¥25,206 Mil.
Gross Profit was 2980.156 + 2381.155 + 2934.44 + 3062.132 = ¥11,358 Mil.
Total Current Assets was ¥20,412 Mil.
Total Assets was ¥37,167 Mil.
Property, Plant and Equipment(Net PPE) was ¥10,691 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥3,794 Mil.
Total Current Liabilities was ¥13,664 Mil.
Long-Term Debt & Capital Lease Obligation was ¥957 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)
=(12072.164 / 23925.859) / (11624.404 / 25205.513)
=0.504566 / 0.461185
=1.0941

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)
=(11357.883 / 25205.513) / (11595.005 / 23925.859)
=0.450611 / 0.484622
=0.9298

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 - (21508.733 + 9267.07) / 37611.72) / (1 - (20412.196 + 10690.511) / 37166.546)
=0.18175 / 0.163153
=1.114

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
=23925.859 / 25205.513
=0.9492

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 / (0 + 10690.511)) / (0 / (0 + 9267.07))
=0 / 0
=1

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)
=(3703.568 / 23925.859) / (3794.49 / 25205.513)
=0.154794 / 0.150542
=1.0282

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)
=((2636.817 + 11196.5) / 37611.72) / ((957.112 + 13663.998) / 37166.546)
=0.367793 / 0.393394
=0.9349

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
=(1903.157 - 0 - 3136.429) / 37611.72
=-0.03279

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.

Humanwell Healthcare (Group) Co has a M-score of -2.57 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 -2.57 mean?
Humanwell Healthcare (Group) Co (SHSE:600079) has a Beneish M-Score of -2.57 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Humanwell Healthcare (Group) Co and its competitors. According to the industry distribution chart, Humanwell Healthcare (Group) Co ranks #399 out of 911 companies in the Drug Manufacturers industry, placing it in the top 43.8%.
Is Humanwell Healthcare (Group) Co's Beneish M-Score too high?
Humanwell Healthcare (Group) Co's current Beneish M-Score is -2.57. Based on the distribution chart, Humanwell Healthcare (Group) Co ranks #399 out of 911 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Humanwell Healthcare (Group) Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Humanwell Healthcare (Group) Co's Beneish M-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Humanwell Healthcare (Group) Co ranks #399 out of 911 companies for Beneish M-Score. This puts Humanwell Healthcare (Group) Co 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 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 Humanwell Healthcare (Group) Co and its competitors. Humanwell Healthcare (Group) Co's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Humanwell Healthcare (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Humanwell Healthcare (Group) Co (SHSE:600079) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.63, compared to a current price of ¥17.40 — trading 19.6% below its estimated fair value. The current Beneish M-Score is -2.57. Humanwell Healthcare (Group) Co's overall GF Score™ is 61/100 with 2 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 Humanwell Healthcare (Group) Co (SHSE:600079), the current Beneish M-Score is -2.57 as of Jul. 14, 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 Humanwell Healthcare (Group) Co (SHSE:600079) Overvalued in 2026?

Based on GuruFocus' analysis, Humanwell Healthcare (Group) Co stock appears to be undervalued. The current stock price of ¥17.40 is trading 19.6% below its estimated GF Value™ of ¥21.63. GuruFocus considers Humanwell Healthcare (Group) Co to be Modestly Undervalued.

Key valuation signals for SHSE:600079:

  • Beneish M-Score: -2.57
  • GF Value™: ¥21.63 vs. price of ¥17.40 (19.6% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600079 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Humanwell Healthcare (Group) Co Business Description

Address No. 666, Gaoxin Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430075
Humanwell Healthcare (Group) Co Ltd is a China-based integrated healthcare solution provider. It provides medicinal products including fertility-regulating drugs, Uyghur medicine, traditional Chinese medicine, medical devices, over-the-counter medicines, anti-infection drugs, herbal medicines, and biological products. The organization has a business presence in China and other international countries.
61GF Score

Get the complete analysis for SHSE:600079

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

¥17.40
Price
¥21.63
GF Value