Federal Home Loan Mortgage (BUE:FMCC) Beneish M-Score: -2.39 (As of Jul. 09, 2026)


BUE:FMCC Federal Home Loan Mortgage Corp BUE:FMCC
19 GF Score
Price ARS12,000.00
GF Value ARS4,436.22
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Federal Home Loan Mortgage Beneish M-Score?

Federal Home Loan Mortgage BUE:FMCC 19 Beneish M-Score is -2.39 as of Jul. 09, 2026. GuruFocus rates BUE:FMCC with a GF Score™ of 19/100 and a GF Value™ of ARS4,436.22 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,396 Banks companies, Federal Home Loan Mortgage ranks worse than 51.65% 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.

Good Sign:

Beneish M-Score -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Federal Home Loan Mortgage's Beneish M-Score or its related term are showing as below:

BUE:FMCC' s Beneish M-Score Range Over the Past 10 Years
Min: -2.92   Med: -2.36   Max: -0.48
Current: -2.39

During the past 13 years, the highest Beneish M-Score of Federal Home Loan Mortgage was -0.48. The lowest was -2.92. And the median was -2.36.

BUE:FMCC
19GF Score
Federal Home Loan Mortgage Corp BUE:FMCC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal Home Loan Mortgage 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 Federal Home Loan Mortgage 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 * 1.0741+0.528 * 1+0.404 * 1+0.892 * 1.349+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0069+4.679 * -0.002063-0.327 * 0.9943
=-2.11

* 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 ARS17,068,378 Mil.
Revenue was 8575437.14 + 8366382.528 + 7793633.176 + 7023671.649 = ARS31,759,124 Mil.
Gross Profit was 8575437.14 + 8366382.528 + 7793633.176 + 7023671.649 = ARS31,759,124 Mil.
Total Current Assets was ARS0 Mil.
Total Assets was ARS4,901,293,684 Mil.
Property, Plant and Equipment(Net PPE) was ARS0 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS0 Mil.
Selling, General, & Admin. Expense(SGA) was ARS2,236,010 Mil.
Total Current Liabilities was ARS0 Mil.
Long-Term Debt & Capital Lease Obligation was ARS4,732,842,904 Mil.
Net Income was 4974956.032 + 4030784.92 + 3765768.391 + 2833925.664 = ARS15,605,435 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ARS0 Mil.
Cash Flow from Operations was 5408412.01 + 3741938.612 + 6898703.003 + 9667640 = ARS25,716,694 Mil.
 Total Receivables was ARS11,779,708 Mil.
Revenue was 6238448.157 + 6392290.064 + 5549018.756 + 5362253.923 = ARS23,542,011 Mil.
Gross Profit was 6238448.157 + 6392290.064 + 5549018.756 + 5362253.923 = ARS23,542,011 Mil.
Total Current Assets was ARS0 Mil.
Total Assets was ARS3,634,243,580 Mil.
Property, Plant and Equipment(Net PPE) was ARS0 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS0 Mil.
Selling, General, & Admin. Expense(SGA) was ARS1,646,176 Mil.
Total Current Liabilities was ARS0 Mil.
Long-Term Debt & Capital Lease Obligation was ARS3,529,322,092 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)
=(17068377.82 / 31759124.493) / (11779708.157 / 23542010.9)
=0.537432 / 0.50037
=1.0741

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)
=(23542010.9 / 23542010.9) / (31759124.493 / 31759124.493)
=1 / 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) / 4901293684.323) / (1 - (0 + 0) / 3634243579.633)
=1 / 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
=31759124.493 / 23542010.9
=1.349

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))
= /
=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)
=(2236009.506 / 31759124.493) / (1646175.605 / 23542010.9)
=0.070405 / 0.069925
=1.0069

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)
=((4732842903.529 + 0) / 4901293684.323) / ((3529322092.187 + 0) / 3634243579.633)
=0.965631 / 0.97113
=0.9943

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
=(15605435.007 - 0 - 25716693.625) / 4901293684.323
=-0.002063

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.

Federal Home Loan Mortgage has a M-score of -2.11 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 -2.39 mean?
Federal Home Loan Mortgage (BUE:FMCC) has a Beneish M-Score of -2.39 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Federal Home Loan Mortgage and its competitors. According to the industry distribution chart, Federal Home Loan Mortgage ranks #721 out of 1396 companies in the Banks industry, placing it in the top 51.6%.
Is Federal Home Loan Mortgage's Beneish M-Score too high?
Federal Home Loan Mortgage's current Beneish M-Score is -2.39. Based on the distribution chart, Federal Home Loan Mortgage ranks #721 out of 1396 companies in the Banks industry, which is below the industry midpoint. Overall, Federal Home Loan Mortgage has a GF Score™ of 19/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal Home Loan Mortgage's Beneish M-Score compare to PFSI and WD?
According to the Banks industry distribution chart, Federal Home Loan Mortgage ranks #721 out of 1396 companies for Beneish M-Score. This places Federal Home Loan Mortgage 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Federal Home Loan Mortgage and its competitors. Federal Home Loan Mortgage's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Home Loan Mortgage stock overvalued right now?
Based on GuruFocus' analysis, Federal Home Loan Mortgage (BUE:FMCC) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS4,436.22, compared to a current price of ARS12,000.00 — trading 170.5% above its estimated fair value. The current Beneish M-Score is -2.39. Federal Home Loan Mortgage's overall GF Score™ is 19/100 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 Federal Home Loan Mortgage (BUE:FMCC), the current Beneish M-Score is -2.39 as of Jul. 09, 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 Federal Home Loan Mortgage (BUE:FMCC) Overvalued in 2026?

Based on GuruFocus' analysis, Federal Home Loan Mortgage stock appears to be overvalued. The current stock price of ARS12,000.00 is trading 170.5% above its estimated GF Value™ of ARS4,436.22. GuruFocus considers Federal Home Loan Mortgage to be Significantly Overvalued.

Key valuation signals for BUE:FMCC:

  • Beneish M-Score: -2.39
  • GF Value™: ARS4,436.22 vs. price of ARS12,000.00 (170.5% above fair value)
  • GF Score™: 19/100 with 2 warning signs

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

Federal Home Loan Mortgage Business Description

Address 8200 Jones Branch Drive, McLean, VA, USA, 22102-3110
Federal Home Loan Mortgage Corp is a U.S. based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. Its two reportable segments are: i) Single-Family: It provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders, and ii) Multifamily: It provides liquidity and support to the multifamily mortgage market through a variety of activities that include the purchase, securitization, and guarantee of multifamily loans. The majority of the company's revenue is derived from the Single-Family segment.
19GF Score

Get the complete analysis for BUE:FMCC

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

ARS12,000.00
Price
ARS4,436.22
GF Value