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Vinh HoanSTC:VHC 99 Beneish M-Score is -2.44 as of Aug. 12, 2026. GuruFocus rates STC:VHC with a GF Score™ of 99/100 and a GF Value™ of ₫72,343.44 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,855 Consumer Packaged Goods companies, Vinh Hoan ranks worse than 57.25% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Vinh Hoan's Beneish M-Score or its related term are showing as below:
STC:VHC'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.08 Med: -2.4 Max: -1.18
Current: -2.44
During the past 13 years, the highest Beneish M-Score of Vinh Hoan was -1.18. The lowest was -3.08. And the median was -2.40.
The historical data trend for Vinh Hoan'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.
For the Packaged Foods subindustry, Vinh Hoan'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.
Vinh Hoan Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Vinh Hoan's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vinh Hoan's Beneish M-Score falls into.
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 Vinh Hoan 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 * 1.0464
+
0.528 * 1.012
+
0.404 * 1.0672
+
0.892 * 1.023
+
0.115 * 0.9569
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8874
+
4.679 * -0.005119
-
0.327 * 1.158
=
-2.44
* 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.
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.
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))
=
(472674.878 / (472674.878 + 2914590.196))
/
(491093.4 / (491093.4 + 2876654.238))
=
0.139545
/
0.145823
=
0.9569
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
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
=
(1390449.97 - 0
-
1459950.598)
/
13577794.928
=
-0.005119
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.
Vinh Hoan has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Vinh Hoan (STC:VHC) has a Beneish M-Score of -2.44 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vinh Hoan and its competitors. According to the industry distribution chart, Vinh Hoan ranks #1062 out of 1855 companies in the Consumer Packaged Goods industry, placing it in the top 57.3%.
Is Vinh Hoan's Beneish M-Score too high?
Vinh Hoan's current Beneish M-Score is -2.44. Based on the distribution chart, Vinh Hoan ranks #1062 out of 1855 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Vinh Hoan has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vinh Hoan's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Vinh Hoan ranks #1062 out of 1855 companies for Beneish M-Score. This places Vinh Hoan 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Vinh Hoan and its competitors. Vinh Hoan's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinh Hoan stock overvalued right now?
Based on GuruFocus' analysis, Vinh Hoan (STC:VHC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫72,343.44, compared to a current price of ₫52,100.00 — trading 28% below its estimated fair value. The current Beneish M-Score is -2.44. Vinh Hoan's overall GF Score™ is 99/100 with 1 warning sign 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 Vinh Hoan (STC:VHC), the current Beneish M-Score is -2.44 as of Aug. 12, 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 Vinh Hoan (STC:VHC) Overvalued in 2026?
Based on GuruFocus' analysis, Vinh Hoan stock appears to be undervalued.
The current stock price of ₫52,100.00 is trading 28% below its estimated GF Value™ of ₫72,343.44.
GuruFocus considers Vinh Hoan to be Modestly Undervalued.
Key valuation signals for STC:VHC:
Beneish M-Score: -2.44
GF Value™: ₫72,343.44 vs. price of ₫52,100.00 (28% below fair value)
No single metric tells the full story. See the STC:VHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vinh Hoan Corp is Vietnam-based seafood exporters. The group along with its subsidiary operates in the business divison of VINH Foods, VINH Wellness, VINH Agriculture, VINH Technology, and others. The Group's operations include the purchase and sale of aquatic products and raw materials for production and processing, as well as the manufacture of aquatic feed. In addition, the Group produces and sells food products such as shrimp crackers, rice noodles, and pho noodles, along with processing and preserving fruits and vegetables, and others.
99GF Score
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