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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 -2.87 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bimson Cement JSC's Beneish M-Score or its related term are showing as below:
HSTC:BCC'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.59 Med: -2.77 Max: -1.63
Current: -2.87
During the past 13 years, the highest Beneish M-Score of Bimson Cement JSC was -1.63. The lowest was -3.59. And the median was -2.77.
The historical data trend for Bimson Cement JSC'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.
HSTC:BCC vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, Bimson Cement JSC'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.
Bimson Cement JSC Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Bimson Cement JSC's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bimson Cement JSC's Beneish M-Score falls into.
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 Bimson Cement JSC 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 * 1.0905
+
0.528 * 1.0204
+
0.404 * 0.8981
+
0.892 * 1.0654
+
0.115 * 1.0314
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0875
+
4.679 * -0.104791
-
0.327 * 1.0133
=
-2.87
* 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.
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.
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))
=
(320398.895 / (320398.895 + 2524695.226))
/
(319716.999 / (319716.999 + 2608514.766))
=
0.112615
/
0.109184
=
1.0314
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
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
=
(25603.238 - 0
-
400212.473)
/
3574812.725
=
-0.104791
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.
Bimson Cement JSC has a M-score of -2.87 suggests that the company is unlikely to be a manipulator.
Bimson Cement JSC (HSTC:BCC) has a Beneish M-Score of -2.87 as of Aug. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bimson Cement JSC and its competitors. According to the industry distribution chart, Bimson Cement JSC ranks #89 out of 386 companies in the Building Materials industry, placing it in the top 23.1%.
Is Bimson Cement JSC's Beneish M-Score too high?
Bimson Cement JSC's current Beneish M-Score is -2.87. Based on the distribution chart, Bimson Cement JSC ranks #89 out of 386 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Bimson Cement JSC has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bimson Cement JSC's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Bimson Cement JSC ranks #89 out of 386 companies for Beneish M-Score. This places Bimson Cement JSC in the top 23% of its industry — outperforming the majority of peers. 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Bimson Cement JSC and its competitors. Bimson Cement JSC's current Beneish M-Score is -2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bimson Cement JSC stock overvalued right now?
Based on GuruFocus' analysis, Bimson Cement JSC (HSTC:BCC) is currently considered Possible Value Trap. The stock's GF Value™ is ₫9,014.07, compared to a current price of ₫5,900.00 — trading 34.5% below its estimated fair value. The current Beneish M-Score is -2.87. Bimson Cement JSC's overall GF Score™ is 68/100 with 6 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 Bimson Cement JSC (HSTC:BCC), the current Beneish M-Score is -2.87 as of Aug. 23, 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 Bimson Cement JSC (HSTC:BCC) Overvalued in 2026?
Based on GuruFocus' analysis, Bimson Cement JSC stock appears to be undervalued.
The current stock price of ₫5,900.00 is trading 34.5% below its estimated GF Value™ of ₫9,014.07.
GuruFocus considers Bimson Cement JSC to be Possible Value Trap.
Key valuation signals for HSTC:BCC:
Beneish M-Score: -2.87
GF Value™: ₫9,014.07 vs. price of ₫5,900.00 (34.5% below fair value)
No single metric tells the full story. See the HSTC:BCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bimson Cement JSC is a cement company. It is engaged in the business of manufacturing, trading, importing, and exporting cement and clinker. The company is also involved in manufacturing and trading other building materials. The company is engaged in the production and trade of cement, clinker, and the production of building materials and cement additives, as well as mineral processing for cement production.
68GF Score
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