Kinea Unique Hy Cdi Fundo De Investimento Imobiliario (BSP:KNUQ11) Beneish M-Score: 0.00 (As of Jul. 19, 2026)

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BSP:KNUQ11 Kinea Unique Hy Cdi Fundo De Investimento Imobiliario BSP:KNUQ11
9 GF Score
Price R$105.65
! 1 Warning Sign
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What is Kinea Unique Hy Cdi Fundo De Investimento Imobiliario Beneish M-Score?

Kinea Unique Hy Cdi Fundo De Investimento Imobiliario BSP:KNUQ11 +0.20% 9 Beneish M-Score is 0.00 as of Jul. 19, 2026. GuruFocus rates BSP:KNUQ11 with a GF Score™ of 9/100. The stock has 1 warning sign investors should review. Among 755 REITs companies, Kinea Unique Hy Cdi Fundo De Investimento Imobiliario ranks worse than 132450.2% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 Kinea Unique Hy Cdi Fundo De Investimento Imobiliario's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Kinea Unique Hy Cdi Fundo De Investimento Imobiliario was 0.00. The lowest was 0.00. And the median was 0.00.

BSP:KNUQ11
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Kinea Unique Hy Cdi Fundo De Investimento Imobiliario BSP:KNUQ11
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kinea Unique Hy Cdi Fundo De Investimento Imobiliario 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 Kinea Unique Hy Cdi Fundo De Investimento Imobiliario 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was R$0.0 Mil.
Revenue was R$247.5 Mil.
Gross Profit was R$247.5 Mil.
Total Current Assets was R$0.0 Mil.
Total Assets was R$1,686.3 Mil.
Property, Plant and Equipment(Net PPE) was R$0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was R$0.0 Mil.
Selling, General, & Admin. Expense(SGA) was R$30.6 Mil.
Total Current Liabilities was R$0.0 Mil.
Long-Term Debt & Capital Lease Obligation was R$0.0 Mil.
Net Income was R$217.7 Mil.
Gross Profit was R$0.0 Mil.
Cash Flow from Operations was R$196.4 Mil.
 Total Receivables was R$0.0 Mil.
Revenue was R$97.2 Mil.
Gross Profit was R$97.2 Mil.
Total Current Assets was R$0.0 Mil.
Total Assets was R$1,561.7 Mil.
Property, Plant and Equipment(Net PPE) was R$0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was R$0.0 Mil.
Selling, General, & Admin. Expense(SGA) was R$10.3 Mil.
Total Current Liabilities was R$0.0 Mil.
Long-Term Debt & Capital Lease Obligation was R$0.0 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)
=(0 / 247.454) / (0 / 97.193)
=0 / 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)
=(97.193 / 97.193) / (247.454 / 247.454)
=1 / 1
=

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 - (0 + 0) / 1686.298) / (1 - (0 + 0) / 1561.677)
=1 / 1
=

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
=247.454 / 97.193
=

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 + 0)) / (0 / (0 + 0))
= /
=

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)
=(30.551 / 247.454) / (10.304 / 97.193)
=0.123461 / 0.106016
=

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)
=((0 + 0) / 1686.298) / ((0 + 0) / 1561.677)
=0 / 0
=

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
=(217.744 - 0 - 196.429) / 1686.298
=0.01264

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?
Kinea Unique Hy Cdi Fundo De Investimento Imobiliario (BSP:KNUQ11) has a Beneish M-Score of 0.00 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kinea Unique Hy Cdi Fundo De Investimento Imobiliario and its competitors. According to the industry distribution chart, Kinea Unique Hy Cdi Fundo De Investimento Imobiliario ranks #999999 out of 755 companies in the REITs industry.
Is Kinea Unique Hy Cdi Fundo De Investimento Imobiliario's Beneish M-Score too high?
Kinea Unique Hy Cdi Fundo De Investimento Imobiliario's current Beneish M-Score is 0.00. Based on the distribution chart, Kinea Unique Hy Cdi Fundo De Investimento Imobiliario ranks #999999 out of 755 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Kinea Unique Hy Cdi Fundo De Investimento Imobiliario has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Kinea Unique Hy Cdi Fundo De Investimento Imobiliario's Beneish M-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Kinea Unique Hy Cdi Fundo De Investimento Imobiliario ranks #999999 out of 755 companies for Beneish M-Score. This places Kinea Unique Hy Cdi Fundo De Investimento Imobiliario 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Kinea Unique Hy Cdi Fundo De Investimento Imobiliario and its competitors. Kinea Unique Hy Cdi Fundo De Investimento Imobiliario'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 Kinea Unique Hy Cdi Fundo De Investimento Imobiliario stock overvalued right now?
Kinea Unique Hy Cdi Fundo De Investimento Imobiliario (BSP:KNUQ11) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Kinea Unique Hy Cdi Fundo De Investimento Imobiliario's overall GF Score™ is 9/100 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 Kinea Unique Hy Cdi Fundo De Investimento Imobiliario (BSP:KNUQ11), the current Beneish M-Score is 0.00 as of Jul. 19, 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.

Kinea Unique Hy Cdi Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima, 3500, 4th Floor- ITAIM BIBI, Sao Paulo, SP, BRA, 4538132
Kinea Unique Hy Cdi Fundo De Investimento Imobiliario is a closed-end fund. The fund aims to invest in real estate ventures as provided for in applicable regulations, for the purpose of obtaining income and potential capital gains, through the acquisition of Real Estate Receivables Certificates, units of real estate investment funds, debentures issued by issuers duly authorized under applicable regulations, and whose predominant activities are permitted to FIIs, units of investment funds in credit rights that have as their investment policy, exclusively, predominant activities that are permitted to FIIs, and Guaranteed Real Estate.
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