Allam Bank Sudan (DFM:ALSALAMSUDAN) Beneish M-Score: 0.00 (As of Jul. 15, 2026)

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DFM:ALSALAMSUDAN Al Salam Bank Sudan DFM:ALSALAMSUDAN
76 GF Score
Price د.إ0.54
GF Value د.إ1.16
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Allam Bank Sudan Beneish M-Score?

Allam Bank Sudan DFM:ALSALAMSUDAN -1.27% 76 Beneish M-Score is 0.00 as of Jul. 15, 2026. GuruFocus rates DFM:ALSALAMSUDAN with a GF Score™ of 76/100 and a GF Value™ of د.إ1.16 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,396 Banks companies, Allam Bank Sudan ranks worse than 71633.17% 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 Allam Bank Sudan's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Allam Bank Sudan was 0.00. The lowest was 0.00. And the median was 0.00.

DFM:ALSALAMSUDAN
76GF Score
Al Salam Bank Sudan DFM:ALSALAMSUDAN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allam Bank Sudan 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 Allam Bank Sudan 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was د.إ0.0 Mil.
Revenue was د.إ110.5 Mil.
Gross Profit was د.إ110.5 Mil.
Total Current Assets was د.إ0.0 Mil.
Total Assets was د.إ995.1 Mil.
Property, Plant and Equipment(Net PPE) was د.إ26.7 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ1.3 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ1.3 Mil.
Total Current Liabilities was د.إ0.0 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.
Net Income was د.إ43.2 Mil.
Gross Profit was د.إ0.0 Mil.
Cash Flow from Operations was د.إ55.8 Mil.
 Total Receivables was د.إ0.0 Mil.
Revenue was د.إ87.3 Mil.
Gross Profit was د.إ87.3 Mil.
Total Current Assets was د.إ0.0 Mil.
Total Assets was د.إ704.1 Mil.
Property, Plant and Equipment(Net PPE) was د.إ10.4 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ0.9 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ0.2 Mil.
Total Current Liabilities was د.إ0.0 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ0.0 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 / 110.514) / (0 / 87.277)
=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)
=(87.277 / 87.277) / (110.514 / 110.514)
=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 + 26.665) / 995.143) / (1 - (0 + 10.36) / 704.084)
=0.973205 / 0.985286
=

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
=110.514 / 87.277
=

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))
=(0.871 / (0.871 + 10.36)) / (1.308 / (1.308 + 26.665))
=0.077553 / 0.046759
=

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)
=(1.333 / 110.514) / (0.231 / 87.277)
=0.012062 / 0.002647
=

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) / 995.143) / ((0 + 0) / 704.084)
=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
=(43.218 - 0 - 55.818) / 995.143
=-0.012661

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?
Allam Bank Sudan (DFM:ALSALAMSUDAN) has a Beneish M-Score of 0.00 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Allam Bank Sudan and its competitors. According to the industry distribution chart, Allam Bank Sudan ranks #999999 out of 1396 companies in the Banks industry.
Is Allam Bank Sudan's Beneish M-Score too high?
Allam Bank Sudan's current Beneish M-Score is 0.00. Based on the distribution chart, Allam Bank Sudan ranks #999999 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Allam Bank Sudan has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Allam Bank Sudan's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Allam Bank Sudan ranks #999999 out of 1396 companies for Beneish M-Score. This places Allam Bank Sudan 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 Allam Bank Sudan and its competitors. Allam Bank Sudan'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 Allam Bank Sudan stock overvalued right now?
Based on GuruFocus' analysis, Allam Bank Sudan (DFM:ALSALAMSUDAN) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ1.16, compared to a current price of د.إ0.54 — trading 53.2% below its estimated fair value. The current Beneish M-Score is 0.00. Allam Bank Sudan's overall GF Score™ is 76/100 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 Allam Bank Sudan (DFM:ALSALAMSUDAN), the current Beneish M-Score is 0.00 as of Jul. 15, 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 Allam Bank Sudan (DFM:ALSALAMSUDAN) Overvalued in 2026?

Based on GuruFocus' analysis, Allam Bank Sudan stock appears to be undervalued. The current stock price of د.إ0.54 is trading 53.2% below its estimated GF Value™ of د.إ1.16. GuruFocus considers Allam Bank Sudan to be Significantly Undervalued.

Key valuation signals for DFM:ALSALAMSUDAN:

  • Beneish M-Score: 0.00
  • GF Value™: د.إ1.16 vs. price of د.إ0.54 (53.2% below fair value)
  • GF Score™: 76/100 with 1 warning sign

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

Allam Bank Sudan Business Description

Address Aljamhoria street, Alhuria street junction, Khartoum, SDN
Al Salam Bank Sudan is a banking corporation operating in Sudan. It is engaged in providing banking and financial services. The services provided by the company are retail banking, corporate banking, electronic services and others. The retail banking includes current account, saving the account, time deposit account, money transferring and lockers facility. The corporate banking includes a letter of credit, letter of guarantee, loans and advances, lease and others. The electronic services offered, includes mobile banking, SMS banking, cards and internet banking.
76GF Score

Get the complete analysis for DFM:ALSALAMSUDAN

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

د.إ0.54
Price
د.إ1.16
GF Value