Dinh Vu Port Investment & Development JSC (STC:DVP) Beneish M-Score: -1.86 (As of Aug. 10, 2026)

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STC:DVP Dinh Vu Port Investment & Development JSC STC:DVP
71 GF Score
Price ₫78,800.00
GF Value ₫73,066.28
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Dinh Vu Port Investment & Development JSC Beneish M-Score?

Dinh Vu Port Investment & Development JSC STC:DVP +0.51% 71 Beneish M-Score is -1.86 as of Aug. 10, 2026. GuruFocus rates STC:DVP with a GF Score™ of 71/100 and a GF Value™ of ₫73,066.28 (Fairly Valued). The stock has 4 warning signs investors should review. Among 968 Transportation companies, Dinh Vu Port Investment & Development JSC ranks worse than 83.68% 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.

Good Sign:

Beneish M-Score -1.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Dinh Vu Port Investment & Development JSC's Beneish M-Score or its related term are showing as below:

STC:DVP' s Beneish M-Score Range Over the Past 10 Years
Min: -4.21   Med: -2.4   Max: -1.23
Current: -1.86

During the past 13 years, the highest Beneish M-Score of Dinh Vu Port Investment & Development JSC was -1.23. The lowest was -4.21. And the median was -2.40.

Dinh Vu Port Investment & Development JSC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dinh Vu Port Investment & Development JSC'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.

Dinh Vu Port Investment & Development JSC Beneish M-Score Chart

Dinh Vu Port Investment & Development JSC 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 -2.39 -2.09 -2.67 -1.82 -2.14

Dinh Vu Port Investment & Development JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.35 -2.67 -2.14 -2.23 -1.86

Dinh Vu Port Investment & Development JSC Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, Dinh Vu Port Investment & Development JSC'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.

Dinh Vu Port Investment & Development JSC Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Dinh Vu Port Investment & Development JSC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Dinh Vu Port Investment & Development JSC's Beneish M-Score falls into.


STC:DVP
71GF Score
Dinh Vu Port Investment & Development JSC STC:DVP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dinh Vu Port Investment & Development JSC 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 Dinh Vu Port Investment & Development JSC 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 * 1.276+0.528 * 0.8744+0.404 * 0.9496+0.892 * 0.9326+0.115 * 1.1067
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6573+4.679 * 0.118438-0.327 * 1.3296
=-1.86

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was ₫47,992 Mil.
Revenue was 181946.104 + 152719.597 + 151103.044 + 129235.433 = ₫615,004 Mil.
Gross Profit was 104398.224 + 86522.864 + 93065.144 + 65319.81 = ₫349,306 Mil.
Total Current Assets was ₫1,197,165 Mil.
Total Assets was ₫1,493,654 Mil.
Property, Plant and Equipment(Net PPE) was ₫168,656 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫43,392 Mil.
Selling, General, & Admin. Expense(SGA) was ₫37,673 Mil.
Total Current Liabilities was ₫228,527 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Net Income was 95814.81 + 61977.601 + 125230.842 + 81333.937 = ₫364,357 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was 88848.665 + 13780.44 + 38229.984 + 46592.118 = ₫187,451 Mil.
 Total Receivables was ₫40,329 Mil.
Revenue was 148228.595 + 158660.086 + 173970.281 + 178567.338 = ₫659,426 Mil.
Gross Profit was 85435.972 + 89854.241 + 75836.47 + 76381.362 = ₫327,508 Mil.
Total Current Assets was ₫1,103,078 Mil.
Total Assets was ₫1,422,781 Mil.
Property, Plant and Equipment(Net PPE) was ₫191,471 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫56,057 Mil.
Selling, General, & Admin. Expense(SGA) was ₫61,458 Mil.
Total Current Liabilities was ₫163,723 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 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)
=(47991.84 / 615004.178) / (40329.383 / 659426.3)
=0.078035 / 0.061158
=1.276

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)
=(327508.045 / 659426.3) / (349306.042 / 615004.178)
=0.496656 / 0.567973
=0.8744

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 - (1197164.934 + 168655.724) / 1493653.876) / (1 - (1103077.912 + 191470.938) / 1422780.893)
=0.085584 / 0.090128
=0.9496

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
=615004.178 / 659426.3
=0.9326

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))
=(56056.604 / (56056.604 + 191470.938)) / (43391.54 / (43391.54 + 168655.724))
=0.226466 / 0.204631
=1.1067

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)
=(37673.345 / 615004.178) / (61458.142 / 659426.3)
=0.061257 / 0.093199
=0.6573

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)
=((0 + 228527.059) / 1493653.876) / ((0 + 163723.265) / 1422780.893)
=0.152999 / 0.115073
=1.3296

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
=(364357.19 - 0 - 187451.207) / 1493653.876
=0.118438

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.

Dinh Vu Port Investment & Development JSC has a M-score of -1.86 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 -1.86 mean?
Dinh Vu Port Investment & Development JSC (STC:DVP) has a Beneish M-Score of -1.86 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dinh Vu Port Investment & Development JSC and its competitors. According to the industry distribution chart, Dinh Vu Port Investment & Development JSC ranks #810 out of 968 companies in the Transportation industry, placing it in the top 83.7%.
Is Dinh Vu Port Investment & Development JSC's Beneish M-Score too high?
Dinh Vu Port Investment & Development JSC's current Beneish M-Score is -1.86. Based on the distribution chart, Dinh Vu Port Investment & Development JSC ranks #810 out of 968 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Dinh Vu Port Investment & Development JSC has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dinh Vu Port Investment & Development JSC's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, Dinh Vu Port Investment & Development JSC ranks #810 out of 968 companies for Beneish M-Score. This places Dinh Vu Port Investment & Development JSC 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 Dinh Vu Port Investment & Development JSC and its competitors. Dinh Vu Port Investment & Development JSC's current Beneish M-Score is -1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dinh Vu Port Investment & Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Dinh Vu Port Investment & Development JSC (STC:DVP) is currently considered Fairly Valued. The stock's GF Value™ is ₫73,066.28, compared to a current price of ₫78,800.00 — trading 7.8% above its estimated fair value. The current Beneish M-Score is -1.86. Dinh Vu Port Investment & Development JSC's overall GF Score™ is 71/100 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 Dinh Vu Port Investment & Development JSC (STC:DVP), the current Beneish M-Score is -1.86 as of Aug. 10, 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 Dinh Vu Port Investment & Development JSC (STC:DVP) Overvalued in 2026?

Based on GuruFocus' analysis, Dinh Vu Port Investment & Development JSC stock appears to be overvalued. The current stock price of ₫78,800.00 is trading 7.8% above its estimated GF Value™ of ₫73,066.28. GuruFocus considers Dinh Vu Port Investment & Development JSC to be Fairly Valued.

Key valuation signals for STC:DVP:

  • Beneish M-Score: -1.86
  • GF Value™: ₫73,066.28 vs. price of ₫78,800.00 (7.8% above fair value)
  • GF Score™: 71/100 with 4 warning signs

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

Dinh Vu Port Investment & Development JSC Business Description

Address Dinh Vu Port, Dong Hai 2 ward, Hai An District, Hai Phong City, VNM
Dinh Vu Port Investment & Development JSC engages in cargo handling services, warehousing business, freight forwarding and forwarding services, multimodal transport services, and maritime services.
71GF Score

Get the complete analysis for STC:DVP

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

₫78,800.00
Price
₫73,066.28
GF Value