Chimcomplex Borzesti (BSE:CRC) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


BSE:CRC Chimcomplex SA Borzesti BSE:CRC
63 GF Score
Price lei5.70
GF Value lei7.67
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Chimcomplex Borzesti Beneish M-Score?

Chimcomplex Borzesti BSE:CRC +4.40% 63 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates BSE:CRC with a GF Score™ of 63/100 and a GF Value™ of lei7.67 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,530 Chemicals companies, Chimcomplex Borzesti ranks worse than 65359.41% 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.

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

During the past 11 years, the highest Beneish M-Score of Chimcomplex Borzesti was -2.86. The lowest was -2.86. And the median was -2.86.

Chimcomplex Borzesti Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Chimcomplex Borzesti'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.

Chimcomplex Borzesti Beneish M-Score Chart

Chimcomplex Borzesti 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 0.00 0.00 0.00 0.00 -2.86

Chimcomplex Borzesti Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 0.00 0.00 0.00 -2.86 0.00

BSE:CRC vs DOW: Beneish M-Score Comparison

For the Chemicals subindustry, Chimcomplex Borzesti'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.

Chimcomplex Borzesti Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chimcomplex Borzesti's Beneish M-Score distribution charts can be found below:

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


BSE:CRC
63GF Score
Chimcomplex SA Borzesti BSE:CRC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chimcomplex Borzesti 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 Chimcomplex Borzesti 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 lei243.1 Mil.
Revenue was 255.196 + 231.857 + 237.162 + 274.987 = lei999.2 Mil.
Gross Profit was 79.606 + 405.237 + 89.979 + 103.983 = lei678.8 Mil.
Total Current Assets was lei495.4 Mil.
Total Assets was lei2,919.1 Mil.
Property, Plant and Equipment(Net PPE) was lei2,215.7 Mil.
Depreciation, Depletion and Amortization(DDA) was lei181.8 Mil.
Selling, General, & Admin. Expense(SGA) was lei35.6 Mil.
Total Current Liabilities was lei393.6 Mil.
Long-Term Debt & Capital Lease Obligation was lei487.4 Mil.
Net Income was -48.19 + -84.582 + -60.522 + -31.962 = lei-225.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = lei0.0 Mil.
Cash Flow from Operations was 64.222 + 31.771 + -15.502 + 19.905 = lei100.4 Mil.
 Total Receivables was lei0.0 Mil.
Revenue was 327.773 + 365.672 + 330.886 + 0 = lei1,024.3 Mil.
Gross Profit was 73.568 + 478.281 + 98.35 + 0 = lei650.2 Mil.
Total Current Assets was lei0.0 Mil.
Total Assets was lei0.0 Mil.
Property, Plant and Equipment(Net PPE) was lei0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was lei45.8 Mil.
Selling, General, & Admin. Expense(SGA) was lei34.0 Mil.
Total Current Liabilities was lei0.0 Mil.
Long-Term Debt & Capital Lease Obligation was lei0.0 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)
=(243.113 / 999.202) / (0 / 1024.331)
=0.243307 / 0
=

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)
=(650.199 / 1024.331) / (678.805 / 999.202)
=0.634755 / 0.679347
=

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 - (495.351 + 2215.704) / 2919.149) / (1 - (0 + 0) / 0)
=0.071286 /
=

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
=999.202 / 1024.331
=

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))
=(45.799 / (45.799 + 0)) / (181.765 / (181.765 + 2215.704))
=1 / 0.075815
=

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)
=(35.648 / 999.202) / (33.981 / 1024.331)
=0.035676 / 0.033174
=

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)
=((487.381 + 393.575) / 2919.149) / ((0 + 0) / 0)
=0.301785 /
=

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
=(-225.256 - 0 - 100.396) / 2919.149
=-0.111557

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Chimcomplex Borzesti (BSE:CRC) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chimcomplex Borzesti and its competitors. According to the industry distribution chart, Chimcomplex Borzesti ranks #999999 out of 1530 companies in the Chemicals industry.
Is Chimcomplex Borzesti's Beneish M-Score too high?
Chimcomplex Borzesti's current Beneish M-Score is 0.00. Based on the distribution chart, Chimcomplex Borzesti ranks #999999 out of 1530 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Chimcomplex Borzesti has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chimcomplex Borzesti's Beneish M-Score compare to DOW?
According to the Chemicals industry distribution chart, Chimcomplex Borzesti ranks #999999 out of 1530 companies for Beneish M-Score. This places Chimcomplex Borzesti 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Chimcomplex Borzesti and its competitors. Chimcomplex Borzesti's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chimcomplex Borzesti stock overvalued right now?
Based on GuruFocus' analysis, Chimcomplex Borzesti (BSE:CRC) is currently considered Modestly Undervalued. The stock's GF Value™ is lei7.67, compared to a current price of lei5.70 — trading 25.7% below its estimated fair value. The current Beneish M-Score is 0.00. Chimcomplex Borzesti's overall GF Score™ is 63/100 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 Chimcomplex Borzesti (BSE:CRC), the current Beneish M-Score is 0.00 as of Jun. 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 Chimcomplex Borzesti (BSE:CRC) Overvalued in 2026?

Based on GuruFocus' analysis, Chimcomplex Borzesti stock appears to be undervalued. The current stock price of lei5.70 is trading 25.7% below its estimated GF Value™ of lei7.67. GuruFocus considers Chimcomplex Borzesti to be Modestly Undervalued.

Key valuation signals for BSE:CRC:

  • Beneish M-Score: 0.00
  • GF Value™: lei7.67 vs. price of lei5.70 (25.7% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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

Chimcomplex Borzesti Business Description

Address Piata Presei Libere No. 3-5, City Gate Turnul de Sud, Floor 17, Sector 1, Bucharest, ROU
Chimcomplex SA Borzesti operates as a chemical manufacturing company in Romania. Its product portfolio comprises chlorine, organic solvents, inorganic chlorides, alkylamines, and other products.
63GF Score

Get the complete analysis for BSE:CRC

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

lei5.70
Price
lei7.67
GF Value