Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) Beneish M-Score: -1.62 (As of Jul. 06, 2026)


IST:YUNSA Yunsa Yunlu Sanayi Ve Ticaret AS IST:YUNSA
84 GF Score
Price ₺9.28
GF Value ₺9.36
Valuation Fairly Valued
! 9 Warning Signs
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What is Yunsa Yunlunayi Ve Ticaret AS Beneish M-Score?

Yunsa Yunlunayi Ve Ticaret AS IST:YUNSA -1.49% 84 Beneish M-Score is -1.62 as of Jul. 06, 2026. GuruFocus rates IST:YUNSA with a GF Score™ of 84/100 and a GF Value™ of ₺9.36 (Fairly Valued). The stock has 9 warning signs investors should review. Among 994 Manufacturing - Apparel & Accessories companies, Yunsa Yunlunayi Ve Ticaret AS ranks worse than 83.4% on this metric.

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.

Warning Sign:

Beneish M-Score -1.62 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Yunsa Yunlunayi Ve Ticaret AS's Beneish M-Score or its related term are showing as below:

IST:YUNSA' s Beneish M-Score Range Over the Past 10 Years
Min: -3.95   Med: -2.3   Max: 2.75
Current: -1.62

During the past 13 years, the highest Beneish M-Score of Yunsa Yunlunayi Ve Ticaret AS was 2.75. The lowest was -3.95. And the median was -2.30.


Yunsa Yunlunayi Ve Ticaret AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yunsa Yunlunayi Ve Ticaret AS'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.

Yunsa Yunlunayi Ve Ticaret AS Beneish M-Score Chart

Yunsa Yunlunayi Ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.46 2.75 -1.91 -2.14 -2.46

Yunsa Yunlunayi Ve Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.09 -1.82 -2.29 -2.46 -1.62

Yunsa Yunlunayi Ve Ticaret AS Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Yunsa Yunlunayi Ve Ticaret AS'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.


Yunsa Yunlunayi Ve Ticaret AS Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yunsa Yunlunayi Ve Ticaret AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Yunsa Yunlunayi Ve Ticaret AS's Beneish M-Score falls into.


IST:YUNSA
84GF Score
Yunsa Yunlu Sanayi Ve Ticaret AS IST:YUNSA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yunsa Yunlunayi Ve Ticaret AS 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 Yunsa Yunlunayi Ve Ticaret AS 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 * 1.6086+0.528 * 0.9085+0.404 * 1.047+0.892 * 1.3159+0.115 * 1.1393
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6491+4.679 * -0.006699-0.327 * 0.9854
=-1.62

* 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 ₺899 Mil.
Revenue was 789.544 + 1044.219 + 796.25 + 653.559 = ₺3,284 Mil.
Gross Profit was 242.198 + 110.088 + 218.158 + 89.986 = ₺660 Mil.
Total Current Assets was ₺2,679 Mil.
Total Assets was ₺6,531 Mil.
Property, Plant and Equipment(Net PPE) was ₺3,612 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺145 Mil.
Selling, General, & Admin. Expense(SGA) was ₺164 Mil.
Total Current Liabilities was ₺1,064 Mil.
Long-Term Debt & Capital Lease Obligation was ₺99 Mil.
Net Income was 35.268 + 65.116 + 159.922 + 134.996 = ₺395 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₺0 Mil.
Cash Flow from Operations was -229.907 + 414.846 + 136.304 + 117.811 = ₺439 Mil.
Total Receivables was ₺424 Mil.
Revenue was 553.202 + 609.275 + 796.049 + 536.685 = ₺2,495 Mil.
Gross Profit was 69.549 + 145.796 + 162.466 + 78.152 = ₺456 Mil.
Total Current Assets was ₺1,757 Mil.
Total Assets was ₺5,089 Mil.
Property, Plant and Equipment(Net PPE) was ₺3,153 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺145 Mil.
Selling, General, & Admin. Expense(SGA) was ₺192 Mil.
Total Current Liabilities was ₺851 Mil.
Long-Term Debt & Capital Lease Obligation was ₺68 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)
=(898.606 / 3283.572) / (424.493 / 2495.211)
=0.273667 / 0.170123
=1.6086

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)
=(455.963 / 2495.211) / (660.43 / 3283.572)
=0.182735 / 0.201132
=0.9085

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 - (2678.516 + 3612.341) / 6530.699) / (1 - (1757.477 + 3152.641) / 5088.619)
=0.036725 / 0.035078
=1.047

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
=3283.572 / 2495.211
=1.3159

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))
=(145.242 / (145.242 + 3152.641)) / (145.248 / (145.248 + 3612.341))
=0.044041 / 0.038655
=1.1393

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)
=(164.1 / 3283.572) / (192.116 / 2495.211)
=0.049976 / 0.076994
=0.6491

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)
=((98.988 + 1063.63) / 6530.699) / ((68.295 + 851.014) / 5088.619)
=0.178024 / 0.18066
=0.9854

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
=(395.302 - 0 - 439.054) / 6530.699
=-0.006699

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.

Yunsa Yunlunayi Ve Ticaret AS has a M-score of -1.62 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 -1.62 mean?
Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) has a Beneish M-Score of -1.62 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yunsa Yunlunayi Ve Ticaret AS and its competitors. According to the industry distribution chart, Yunsa Yunlunayi Ve Ticaret AS ranks #829 out of 994 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 83.4%.
Is Yunsa Yunlunayi Ve Ticaret AS's Beneish M-Score too high?
Yunsa Yunlunayi Ve Ticaret AS's current Beneish M-Score is -1.62. Based on the distribution chart, Yunsa Yunlunayi Ve Ticaret AS ranks #829 out of 994 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Yunsa Yunlunayi Ve Ticaret AS has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yunsa Yunlunayi Ve Ticaret AS's Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Yunsa Yunlunayi Ve Ticaret AS ranks #829 out of 994 companies for Beneish M-Score. This places Yunsa Yunlunayi Ve Ticaret AS 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Yunsa Yunlunayi Ve Ticaret AS and its competitors. Yunsa Yunlunayi Ve Ticaret AS's current Beneish M-Score is -1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yunsa Yunlunayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) is currently considered Fairly Valued. The stock's GF Value™ is ₺9.36, compared to a current price of ₺9.28 — trading 0.9% below its estimated fair value. The current Beneish M-Score is -1.62. Yunsa Yunlunayi Ve Ticaret AS's overall GF Score™ is 84/100 with 9 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 Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA), the current Beneish M-Score is -1.62 as of Jul. 06, 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 Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) Overvalued in 2026?

Based on GuruFocus' analysis, Yunsa Yunlunayi Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺9.28 is trading 0.9% below its estimated GF Value™ of ₺9.36. GuruFocus considers Yunsa Yunlunayi Ve Ticaret AS to be Fairly Valued.

Key valuation signals for IST:YUNSA:

  • Beneish M-Score: -1.62
  • GF Value™: ₺9.36 vs. price of ₺9.28 (0.9% below fair value)
  • GF Score™: 84/100 with 9 warning signs

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


Yunsa Yunlunayi Ve Ticaret AS Business Description

Address Sabanci Center Kat 19, 4. Levent, Istanbul, TUR, 34330
Yunsa Yunlu Sanayi Ve Ticaret AS is engaged in manufacturing and marketing worsted wool fabrics which are mainly used in manufacturing men's and women's clothing.
84GF Score

Get the complete analysis for IST:YUNSA

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

₺9.28
Price
₺9.36
GF Value