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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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for New Hope Liuhe Co's Beneish M-Score or its related term are showing as below:
SZSE:000876'
s Beneish M-Score Range Over the Past 10 Years
Min: -96.74 Med: -2.68 Max: 0.88
Current: -2.66
During the past 13 years, the highest Beneish M-Score of New Hope Liuhe Co was 0.88. The lowest was -96.74. And the median was -2.68.
The historical data trend for New Hope Liuhe 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.
SZSE:000876 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, New Hope Liuhe 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.
New Hope Liuhe Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, New Hope Liuhe Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where New Hope Liuhe Co'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 New Hope Liuhe 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 * 0.9077
+
0.528 * 1.6808
+
0.404 * 1.0168
+
0.892 * 1.0595
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1421
+
4.679 * -0.102896
-
0.327 * 1.0235
=
-2.66
* 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))
=
(0 / (0 + 55741.298))
/
(0 / (0 + 52993.356))
=
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
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
=
(-3126.747 - 0
-
8849.585)
/
116392.803
=
-0.102896
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.
New Hope Liuhe Co has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
New Hope Liuhe Co (SZSE:000876) has a Beneish M-Score of -2.66 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on New Hope Liuhe Co and its competitors. According to the industry distribution chart, New Hope Liuhe Co ranks #701 out of 1865 companies in the Consumer Packaged Goods industry, placing it in the top 37.6%.
Is New Hope Liuhe Co's Beneish M-Score too high?
New Hope Liuhe Co's current Beneish M-Score is -2.66. Based on the distribution chart, New Hope Liuhe Co ranks #701 out of 1865 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, New Hope Liuhe Co has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Hope Liuhe Co's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, New Hope Liuhe Co ranks #701 out of 1865 companies for Beneish M-Score. This puts New Hope Liuhe 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 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 New Hope Liuhe Co and its competitors. New Hope Liuhe Co's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Hope Liuhe Co stock overvalued right now?
Based on GuruFocus' analysis, New Hope Liuhe Co (SZSE:000876) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.16, compared to a current price of ¥7.07 — trading 22.8% below its estimated fair value. The current Beneish M-Score is -2.66. New Hope Liuhe Co's overall GF Score™ is 54/100 with 5 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 New Hope Liuhe Co (SZSE:000876), the current Beneish M-Score is -2.66 as of Aug. 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 New Hope Liuhe Co (SZSE:000876) Overvalued in 2026?
Based on GuruFocus' analysis, New Hope Liuhe Co stock appears to be undervalued.
The current stock price of ¥7.07 is trading 22.8% below its estimated GF Value™ of ¥9.16.
GuruFocus considers New Hope Liuhe Co to be Modestly Undervalued.
Key valuation signals for SZSE:000876:
Beneish M-Score: -2.66
GF Value™: ¥9.16 vs. price of ¥7.07 (22.8% below fair value)
No single metric tells the full story. See the SZSE:000876 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Hope Liuhe Co Ltd is engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.
54GF Score
Get the complete analysis for SZSE:000876
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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