Duncan Fox (XSGO:DUNCANFOX) Beneish M-Score: -2.51 (As of Aug. 07, 2026)

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XSGO:DUNCANFOX Duncan Fox SA XSGO:DUNCANFOX
79 GF Score
Price CLP1,450.00
GF Value CLP1,079.32
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Duncan Fox Beneish M-Score?

Duncan Fox XSGO:DUNCANFOX 79 Beneish M-Score is -2.51 as of Aug. 07, 2026. GuruFocus rates XSGO:DUNCANFOX with a GF Score™ of 79/100 and a GF Value™ of CLP1,079.32 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,853 Consumer Packaged Goods companies, Duncan Fox ranks worse than 51.43% 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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Duncan Fox's Beneish M-Score or its related term are showing as below:

XSGO:DUNCANFOX' s Beneish M-Score Range Over the Past 10 Years
Min: -3.44   Med: -2.66   Max: -2.08
Current: -2.51

During the past 13 years, the highest Beneish M-Score of Duncan Fox was -2.08. The lowest was -3.44. And the median was -2.66.


Duncan Fox Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Duncan Fox'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.

Duncan Fox Beneish M-Score Chart

Duncan Fox 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 -2.27 -2.54 -2.51 -2.36 -2.79

Duncan Fox 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 -2.49 -2.74 -2.93 -2.79 -2.51

XSGO:DUNCANFOX vs KHC, GIS, HRL: Beneish M-Score Comparison

For the Packaged Foods subindustry, Duncan Fox'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.


Duncan Fox Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Duncan Fox's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Duncan Fox's Beneish M-Score falls into.


XSGO:DUNCANFOX
79GF Score
Duncan Fox SA XSGO:DUNCANFOX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Duncan Fox 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 Duncan Fox 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 * 1.201+0.528 * 0.9481+0.404 * 0.8932+0.892 * 0.9683+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0519+4.679 * -0.026285-0.327 * 0.951
=-2.51

* 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 CLP51,175 Mil.
Revenue was 90316.696 + 83191.786 + 86034.657 + 85449.115 = CLP344,992 Mil.
Gross Profit was 30088.873 + 26742.874 + 28056.951 + 27384.109 = CLP112,273 Mil.
Total Current Assets was CLP177,475 Mil.
Total Assets was CLP404,327 Mil.
Property, Plant and Equipment(Net PPE) was CLP167,278 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0 Mil.
Selling, General, & Admin. Expense(SGA) was CLP78,277 Mil.
Total Current Liabilities was CLP82,896 Mil.
Long-Term Debt & Capital Lease Obligation was CLP41,024 Mil.
Net Income was 6760.384 + 5199.755 + 4995.004 + 4731.595 = CLP21,687 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was 5066.502 + 16303.572 + 14762.387 + -3818.121 = CLP32,314 Mil.
Total Receivables was CLP44,004 Mil.
Revenue was 86325.732 + 66620.961 + 102463.542 + 100877.733 = CLP356,288 Mil.
Gross Profit was 27636.715 + 33087.484 + 25863.851 + 23338.655 = CLP109,927 Mil.
Total Current Assets was CLP154,763 Mil.
Total Assets was CLP378,646 Mil.
Property, Plant and Equipment(Net PPE) was CLP161,422 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0 Mil.
Selling, General, & Admin. Expense(SGA) was CLP76,853 Mil.
Total Current Liabilities was CLP75,323 Mil.
Long-Term Debt & Capital Lease Obligation was CLP46,702 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)
=(51175.012 / 344992.254) / (44004.149 / 356287.968)
=0.148337 / 0.123507
=1.201

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)
=(109926.705 / 356287.968) / (112272.807 / 344992.254)
=0.308533 / 0.325436
=0.9481

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 - (177474.873 + 167278.059) / 404327.055) / (1 - (154763.141 + 161422.203) / 378645.63)
=0.147341 / 0.164957
=0.8932

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
=344992.254 / 356287.968
=0.9683

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 + 161422.203)) / (0 / (0 + 167278.059))
=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)
=(78276.539 / 344992.254) / (76852.777 / 356287.968)
=0.226894 / 0.215704
=1.0519

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)
=((41024.076 + 82896.346) / 404327.055) / ((46702.298 + 75323.207) / 378645.63)
=0.306486 / 0.322268
=0.951

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
=(21686.738 - 0 - 32314.34) / 404327.055
=-0.026285

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.

Duncan Fox has a M-score of -2.51 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 -2.51 mean?
Duncan Fox (XSGO:DUNCANFOX) has a Beneish M-Score of -2.51 as of Aug. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Duncan Fox and its competitors. According to the industry distribution chart, Duncan Fox ranks #953 out of 1853 companies in the Consumer Packaged Goods industry, placing it in the top 51.4%.
Is Duncan Fox's Beneish M-Score too high?
Duncan Fox's current Beneish M-Score is -2.51. Based on the distribution chart, Duncan Fox ranks #953 out of 1853 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Duncan Fox has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Duncan Fox's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Duncan Fox ranks #953 out of 1853 companies for Beneish M-Score. This places Duncan Fox 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 Duncan Fox and its competitors. Duncan Fox's current Beneish M-Score is -2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duncan Fox stock overvalued right now?
Based on GuruFocus' analysis, Duncan Fox (XSGO:DUNCANFOX) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP1,079.32, compared to a current price of CLP1,450.00 — trading 34.3% above its estimated fair value. The current Beneish M-Score is -2.51. Duncan Fox's overall GF Score™ is 79/100 with 8 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 Duncan Fox (XSGO:DUNCANFOX), the current Beneish M-Score is -2.51 as of Aug. 07, 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 Duncan Fox (XSGO:DUNCANFOX) Overvalued in 2026?

Based on GuruFocus' analysis, Duncan Fox stock appears to be overvalued. The current stock price of CLP1,450.00 is trading 34.3% above its estimated GF Value™ of CLP1,079.32. GuruFocus considers Duncan Fox to be Significantly Overvalued.

Key valuation signals for XSGO:DUNCANFOX:

  • Beneish M-Score: -2.51
  • GF Value™: CLP1,079.32 vs. price of CLP1,450.00 (34.3% above fair value)
  • GF Score™: 79/100 with 8 warning signs

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


Duncan Fox Business Description

Address Avenida El Bosque Norte 0440, 8th Floor, Las Condes, Santiago, CHL
Duncan Fox SA operates as an investment holding company. Along with its subsidiaries, it is engaged in various business activities such as the processing and marketing of fresh and frozen fruit and vegetable products, the import and distribution of prepared foods, and the provision of hotel services. The company's operating segments are; Hospitality, Agroindustrial, and Real Estate. A majority of its revenue is generated from the Agroindustrial segment which is involved in the business of processing and marketing fresh and frozen fruit and vegetable products for export and the domestic market, through brands like Minuto Verde, La Cabana, and Punto Azul, among others. Additionally, it imports and distributes prepared foods.
79GF Score

Get the complete analysis for XSGO:DUNCANFOX

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

CLP1,450.00
Price
CLP1,079.32
GF Value