Seacrest Petroleo Bermuda (FRA:Z2UA) Beneish M-Score: 0.00 (As of Jun. 27, 2026)

What is Seacrest Petroleo Bermuda Beneish M-Score?

Seacrest Petroleo Bermuda FRA:Z2UA 6 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates FRA:Z2UA with a GF Score™ of 6/100.

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 Seacrest Petroleo Bermuda's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Seacrest Petroleo Bermuda was 0.00. The lowest was 0.00. And the median was 0.00.

Seacrest Petroleo Bermuda Beneish M-Score Related Terms

Seacrest Petroleo Bermuda Beneish M-Score Historical Data

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The historical data trend for Seacrest Petroleo Bermuda'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.

Seacrest Petroleo Bermuda Beneish M-Score Chart

Seacrest Petroleo Bermuda Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

0.00

-5.87

Seacrest Petroleo Bermuda Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial									-2.99	-5.87	-0.92	-2.92	-3.16

FRA:Z2UA vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Seacrest Petroleo Bermuda'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.

Seacrest Petroleo Bermuda Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Seacrest Petroleo Bermuda's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Seacrest Petroleo Bermuda's Beneish M-Score falls into.

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Seacrest Petroleo Bermuda Ltd FRA:Z2UA

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Seacrest Petroleo Bermuda 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 Seacrest Petroleo Bermuda for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.2815

0.528 * 0.4794

0.404 * 0.9246

0.892 * 1.5927

0.115 * 1.7579

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6095

4.679 * -0.052413

0.327 * 1.5382

-3.18

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was €0.0 Mil.
Revenue was 37.574 + 43.868 + 42.314 + 59.296 = €183.1 Mil.
Gross Profit was -2.607 + 12.217 + 9.539 + -2.246 = €16.9 Mil.
Total Current Assets was €83.9 Mil.
Total Assets was €685.5 Mil.
Property, Plant and Equipment(Net PPE) was €113.1 Mil.
Depreciation, Depletion and Amortization(DDA) was €28.4 Mil.
Selling, General, & Admin. Expense(SGA) was €28.2 Mil.
Total Current Liabilities was €182.5 Mil.
Long-Term Debt & Capital Lease Obligation was €349.4 Mil.
Net Income was -32.294 + 5.098 + -17.256 + -2.641 = €-47.1 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0.0 Mil.
Cash Flow from Operations was 7.637 + 0.171 + -51.373 + 32.401 = €-11.2 Mil.

Total Receivables was €0.0 Mil.
Revenue was 47.513 + 49.13 + 8.247 + 10.043 = €114.9 Mil.
Gross Profit was 10.165 + -3.194 + -2.248 + 0.365 = €5.1 Mil.
Total Current Assets was €62.8 Mil.
Total Assets was €699.0 Mil.
Property, Plant and Equipment(Net PPE) was €97.4 Mil.
Depreciation, Depletion and Amortization(DDA) was €53.0 Mil.
Selling, General, & Admin. Expense(SGA) was €29.0 Mil.
Total Current Liabilities was €70.7 Mil.
Long-Term Debt & Capital Lease Obligation was €281.9 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)
	=	(0.014 / 183.052)	/	(0.031 / 114.933)
	=	7.6E-5	/	0.00027
	=	0.2815

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)
	=	(5.088 / 114.933)	/	(16.903 / 183.052)
	=	0.044269	/	0.09234
	=	0.4794

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 - (83.914 + 113.065) / 685.495)	/	(1 - (62.824 + 97.439) / 698.997)
	=	0.712647	/	0.770724
	=	0.9246

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
	=	183.052	/	114.933
	=	1.5927

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))
	=	(53.027 / (53.027 + 97.439))	/	(28.351 / (28.351 + 113.065))
	=	0.352418	/	0.200479
	=	1.7579

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)
	=	(28.195 / 183.052)	/	(29.046 / 114.933)
	=	0.154027	/	0.252721
	=	0.6095

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)
	=	((349.429 + 182.514) / 685.495)	/	((281.916 + 70.721) / 698.997)
	=	0.775998	/	0.50449
	=	1.5382

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
	=	(-47.093 - 0	-	-11.164)	/	685.495
	=	-0.052413

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.

Seacrest Petroleo Bermuda has a M-score of -3.18 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 0.00 mean?

Seacrest Petroleo Bermuda (FRA:Z2UA) 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 Seacrest Petroleo Bermuda and its competitors.

Is Seacrest Petroleo Bermuda's Beneish M-Score too high?

Seacrest Petroleo Bermuda's current Beneish M-Score is 0.00. Overall, Seacrest Petroleo Bermuda has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.

How does Seacrest Petroleo Bermuda's Beneish M-Score compare to COP and EOG?

Seacrest Petroleo Bermuda's Beneish M-Score of 0.00 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Seacrest Petroleo Bermuda and its competitors. Seacrest Petroleo Bermuda'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 Seacrest Petroleo Bermuda stock overvalued right now?

Seacrest Petroleo Bermuda (FRA:Z2UA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Seacrest Petroleo Bermuda's overall GF Score™ is 6/100. 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 Seacrest Petroleo Bermuda (FRA:Z2UA), 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.

Seacrest Petroleo Bermuda Business Description

Industry Energy Oil & Gas

Comparable Companies OSL:IOX COP HKSE:00883 TSX:CNQ EOG OXY FANG MIC:NVTK EQT ASX:WDS EXE DVN TSE:1605 TPL CTRA TSX:TOU OSL:AKRBP ASX:STO BKK:PTTEP OVV

Address 99 Front Street, Hamilton, BMU, HM 12

Website https://www.seacrestpetroleo.com

Seacrest Petroleo Bermuda Ltd is an oil and gas exploration group. The Group is engaged in oil and gas exploration, development, production, and trade activities. It has a single operating segment, which consists of oil and gas exploration and production (E&P).

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