Al Baraka Bank Egypt (CAI:SAUD) Beneish M-Score: -2.38 (As of Jun. 26, 2026)


CAI:SAUD Al Baraka Bank Egypt CAI:SAUD
72 GF Score
Price E£21.10
GF Value E£18.57
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Al Baraka Bank Egypt Beneish M-Score?

Al Baraka Bank Egypt CAI:SAUD +0.33% 72 Beneish M-Score is -2.38 as of Jun. 26, 2026. GuruFocus rates CAI:SAUD with a GF Score™ of 72/100 and a GF Value™ of E£18.57 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,396 Banks companies, Al Baraka Bank Egypt ranks worse than 53.22% 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 -2.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Al Baraka Bank Egypt's Beneish M-Score or its related term are showing as below:

CAI:SAUD' s Beneish M-Score Range Over the Past 10 Years
Min: -3.17   Med: -1.62   Max: -0.29
Current: -2.38

During the past 13 years, the highest Beneish M-Score of Al Baraka Bank Egypt was -0.29. The lowest was -3.17. And the median was -1.62.

CAI:SAUD
72GF Score
Al Baraka Bank Egypt CAI:SAUD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Baraka Bank Egypt 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 Al Baraka Bank Egypt 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+0.528 * 1+0.404 * 1.0005+0.892 * 1.1661+0.115 * 0.686
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0687+4.679 * -0.008126-0.327 * 0.8899
=-2.38

* 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 E£0 Mil.
Revenue was 2265.691 + 2369.703 + 2219.371 + 2249.737 = E£9,105 Mil.
Gross Profit was 2265.691 + 2369.703 + 2219.371 + 2249.737 = E£9,105 Mil.
Total Current Assets was E£0 Mil.
Total Assets was E£152,669 Mil.
Property, Plant and Equipment(Net PPE) was E£2,271 Mil.
Depreciation, Depletion and Amortization(DDA) was E£224 Mil.
Selling, General, & Admin. Expense(SGA) was E£1,140 Mil.
Total Current Liabilities was E£0 Mil.
Long-Term Debt & Capital Lease Obligation was E£4,723 Mil.
Net Income was 816.298 + 1052.369 + 999.683 + 997.296 = E£3,866 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = E£0 Mil.
Cash Flow from Operations was -6138.551 + 9218.61 + -842.93 + 2869.125 = E£5,106 Mil.
 Total Receivables was E£0 Mil.
Revenue was 2214.85 + 1970.147 + 1862.073 + 1760.447 = E£7,808 Mil.
Gross Profit was 2214.85 + 1970.147 + 1862.073 + 1760.447 = E£7,808 Mil.
Total Current Assets was E£0 Mil.
Total Assets was E£134,324 Mil.
Property, Plant and Equipment(Net PPE) was E£2,064 Mil.
Depreciation, Depletion and Amortization(DDA) was E£135 Mil.
Selling, General, & Admin. Expense(SGA) was E£915 Mil.
Total Current Liabilities was E£0 Mil.
Long-Term Debt & Capital Lease Obligation was E£4,669 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 / 9104.502) / (0 / 7807.517)
=0 / 0
=1

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)
=(7807.517 / 7807.517) / (9104.502 / 9104.502)
=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 + 2270.925) / 152669.293) / (1 - (0 + 2063.895) / 134324.121)
=0.985125 / 0.984635
=1.0005

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
=9104.502 / 7807.517
=1.1661

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))
=(135.318 / (135.318 + 2063.895)) / (223.761 / (223.761 + 2270.925))
=0.06153 / 0.089695
=0.686

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)
=(1139.989 / 9104.502) / (914.794 / 7807.517)
=0.125212 / 0.117168
=1.0687

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)
=((4722.58 + 0) / 152669.293) / ((4668.905 + 0) / 134324.121)
=0.030933 / 0.034759
=0.8899

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
=(3865.646 - 0 - 5106.254) / 152669.293
=-0.008126

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.

Al Baraka Bank Egypt has a M-score of -2.38 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 -2.38 mean?
Al Baraka Bank Egypt (CAI:SAUD) has a Beneish M-Score of -2.38 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Al Baraka Bank Egypt and its competitors. According to the industry distribution chart, Al Baraka Bank Egypt ranks #743 out of 1396 companies in the Banks industry, placing it in the top 53.2%.
Is Al Baraka Bank Egypt's Beneish M-Score too high?
Al Baraka Bank Egypt's current Beneish M-Score is -2.38. Based on the distribution chart, Al Baraka Bank Egypt ranks #743 out of 1396 companies in the Banks industry, which is below the industry midpoint. Overall, Al Baraka Bank Egypt has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Baraka Bank Egypt's Beneish M-Score compare to PNC?
According to the Banks industry distribution chart, Al Baraka Bank Egypt ranks #743 out of 1396 companies for Beneish M-Score. This places Al Baraka Bank Egypt 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 Al Baraka Bank Egypt and its competitors. Al Baraka Bank Egypt's current Beneish M-Score is -2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Baraka Bank Egypt stock overvalued right now?
Based on GuruFocus' analysis, Al Baraka Bank Egypt (CAI:SAUD) is currently considered Modestly Overvalued. The stock's GF Value™ is E£18.57, compared to a current price of E£21.10 — trading 13.6% above its estimated fair value. The current Beneish M-Score is -2.38. Al Baraka Bank Egypt's overall GF Score™ is 72/100 with 3 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 Al Baraka Bank Egypt (CAI:SAUD), the current Beneish M-Score is -2.38 as of Jun. 26, 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 Al Baraka Bank Egypt (CAI:SAUD) Overvalued in 2026?

Based on GuruFocus' analysis, Al Baraka Bank Egypt stock appears to be overvalued. The current stock price of E£21.10 is trading 13.6% above its estimated GF Value™ of E£18.57. GuruFocus considers Al Baraka Bank Egypt to be Modestly Overvalued.

Key valuation signals for CAI:SAUD:

  • Beneish M-Score: -2.38
  • GF Value™: E£18.57 vs. price of E£21.10 (13.6% above fair value)
  • GF Score™: 72/100 with 3 warning signs

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

Al Baraka Bank Egypt Business Description

Address Road 90, P.O. Box 84, City Center, First Sector, Plot 29, 5th Settlement, New Cairo, EGY, 11834
Al Baraka Bank Egypt is a Sharia-compliant banking institution operating across Egypt, offering a comprehensive range of Islamic retail and corporate banking services. The Bank's operations are structured into two main business lines, corporate banking and retail banking, supported by a central corporate center responsible for funding and non-core activities such as the dealing room and proprietary operations. Its products and services include financing and credit facilities such as Musharaka and Mudaraba, as well as retail credit cards, personal financing, mortgages, savings products, debt instruments, and mutual funds.
72GF Score

Get the complete analysis for CAI:SAUD

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

E£21.10
Price
E£18.57
GF Value