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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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Samchully Co's Beneish M-Score or its related term are showing as below:
XKRX:004690'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.5 Med: -2.66 Max: -2.01
Current: -2.48
During the past 13 years, the highest Beneish M-Score of Samchully Co was -2.01. The lowest was -3.50. And the median was -2.66.
The historical data trend for Samchully 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.
XKRX:004690 vs ATO, NI: Beneish M-Score Comparison
For the Utilities - Regulated Gas subindustry, Samchully 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.
Samchully Co Beneish M-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Samchully Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Samchully 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 Samchully 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 * 0.9253
+
0.528 * 0.9014
+
0.404 * 1.2691
+
0.892 * 1.0177
+
0.115 * 0.982
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0399
+
4.679 * -0.003062
-
0.327 * 0.9421
=
-2.48
* 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))
=
(151132.215 / (151132.215 + 2378757.17))
/
(157881.72 / (157881.72 + 2437447.767))
=
0.059739
/
0.060833
=
0.982
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
=
(124424.738 - 0
-
139099.646)
/
4792753.466
=
-0.003062
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.
Samchully Co has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.
Samchully Co (XKRX:004690) has a Beneish M-Score of -2.48 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Samchully Co and its competitors. According to the industry distribution chart, Samchully Co ranks #310 out of 486 companies in the Utilities - Regulated industry, placing it in the top 63.8%.
Is Samchully Co's Beneish M-Score too high?
Samchully Co's current Beneish M-Score is -2.48. Based on the distribution chart, Samchully Co ranks #310 out of 486 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Samchully Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Samchully Co's Beneish M-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Samchully Co ranks #310 out of 486 companies for Beneish M-Score. This places Samchully Co 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 an Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Samchully Co and its competitors. Samchully Co's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samchully Co stock overvalued right now?
Based on GuruFocus' analysis, Samchully Co (XKRX:004690) is currently considered Modestly Overvalued. The stock's GF Value™ is ₩96,242.31, compared to a current price of ₩118,900.00 — trading 23.5% above its estimated fair value. The current Beneish M-Score is -2.48. Samchully Co's overall GF Score™ is 65/100 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 Samchully Co (XKRX:004690), the current Beneish M-Score is -2.48 as of Aug. 05, 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 Samchully Co (XKRX:004690) Overvalued in 2026?
Based on GuruFocus' analysis, Samchully Co stock appears to be overvalued.
The current stock price of ₩118,900.00 is trading 23.5% above its estimated GF Value™ of ₩96,242.31.
GuruFocus considers Samchully Co to be Modestly Overvalued.
Key valuation signals for XKRX:004690:
Beneish M-Score: -2.48
GF Value™: ₩96,242.31 vs. price of ₩118,900.00 (23.5% above fair value)
No single metric tells the full story. See the XKRX:004690 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Samchully Co Ltd is a Korean utility company primarily involved in the generation, supply, and sale of natural gas and electricity. Its Energy Business encompasses its city gas and power generation activities. The company supplies natural gas mainly to households and industrial entities around the Incheon and Gyeonggi-do metro areas in South Korea through its gas pipeline network. Samchully's power generation unit brings in revenue from the sale of electricity and heat produced by its liquefied natural gas-powered energy generation facilities.
65GF Score
Get the complete analysis for XKRX:004690
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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