Stefanutti Stocks Holdings (JSE:SSK) Beneish M-Score: -3.21 (As of Jul. 06, 2026)

What is Stefanutti Stocks Holdings Beneish M-Score?

Stefanutti Stocks Holdings JSE:SSK +3.85% 57 Beneish M-Score is -3.21 as of Jul. 06, 2026. GuruFocus rates JSE:SSK with a GF Score™ of 57/100 and a GF Value™ of R3.44 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,700 Construction companies, Stefanutti Stocks Holdings ranks better than 87.88% 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.

Good Sign:

Beneish M-Score -3.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Stefanutti Stocks Holdings's Beneish M-Score or its related term are showing as below:

JSE:SSK' s Beneish M-Score Range Over the Past 10 Years
Min: -3.21 Med: -2.64 Max: -2.22
Current: -3.21

During the past 13 years, the highest Beneish M-Score of Stefanutti Stocks Holdings was -2.22. The lowest was -3.21. And the median was -2.64.

Stefanutti Stocks Holdings Beneish M-Score Related Terms

Stefanutti Stocks Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Stefanutti Stocks Holdings'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.

Stefanutti Stocks Holdings Beneish M-Score Chart

Stefanutti Stocks Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

Beneish M-Score

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-2.48

-2.59

-2.68

-2.58

-3.21

Stefanutti Stocks Holdings Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
Beneish M-Score	Get a 7-Day Free Trial															-2.68	0.00	-2.58	0.00	-3.21

JSE:SSK vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Stefanutti Stocks Holdings'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.

Stefanutti Stocks Holdings Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Stefanutti Stocks Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Stefanutti Stocks Holdings's Beneish M-Score falls into.

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57GF Score

Stefanutti Stocks Holdings Ltd JSE:SSK

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Stefanutti Stocks Holdings 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 Stefanutti Stocks Holdings 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 * 1.232

0.528 * 1

0.404 * 0.3237

0.892 * 1.0239

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.1634

0.327 * 0.77

-3.21

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was R2,973 Mil.
Revenue was R7,840 Mil.
Gross Profit was R7,840 Mil.
Total Current Assets was R4,215 Mil.
Total Assets was R5,741 Mil.
Property, Plant and Equipment(Net PPE) was R1,078 Mil.
Depreciation, Depletion and Amortization(DDA) was R0 Mil.
Selling, General, & Admin. Expense(SGA) was R0 Mil.
Total Current Liabilities was R4,348 Mil.
Long-Term Debt & Capital Lease Obligation was R0 Mil.
Net Income was R620 Mil.
Gross Profit was R0 Mil.
Cash Flow from Operations was R1,558 Mil.

Total Receivables was R2,357 Mil.
Revenue was R7,657 Mil.
Gross Profit was R7,657 Mil.
Total Current Assets was R3,003 Mil.
Total Assets was R5,095 Mil.
Property, Plant and Equipment(Net PPE) was R865 Mil.
Depreciation, Depletion and Amortization(DDA) was R91 Mil.
Selling, General, & Admin. Expense(SGA) was R0 Mil.
Total Current Liabilities was R4,842 Mil.
Long-Term Debt & Capital Lease Obligation was R169 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)
	=	(2972.743 / 7839.869)	/	(2356.76 / 7657.091)
	=	0.379183	/	0.307788
	=	1.232

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)
	=	(7657.091 / 7657.091)	/	(7839.869 / 7839.869)
	=	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 - (4215.338 + 1077.992) / 5740.609)	/	(1 - (3003.075 + 865.226) / 5094.625)
	=	0.077915	/	0.240709
	=	0.3237

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
	=	7839.869	/	7657.091
	=	1.0239

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))
	=	(90.686 / (90.686 + 865.226))	/	(0 / (0 + 1077.992))
	=	0.094869	/	0
	=	1

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)
	=	(0 / 7839.869)	/	(0 / 7657.091)
	=	0	/	0
	=	1

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 + 4347.905) / 5740.609)	/	((169.487 + 4841.716) / 5094.625)
	=	0.757394	/	0.983625
	=	0.77

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
	=	(619.541 - 0	-	1557.555)	/	5740.609
	=	-0.1634

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.

Stefanutti Stocks Holdings has a M-score of -3.21 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 -3.21 mean?

Stefanutti Stocks Holdings (JSE:SSK) has a Beneish M-Score of -3.21 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Stefanutti Stocks Holdings and its competitors. According to the industry distribution chart, Stefanutti Stocks Holdings ranks #206 out of 1700 companies in the Construction industry, placing it in the top 12.1%.

Is Stefanutti Stocks Holdings' Beneish M-Score too high?

Stefanutti Stocks Holdings' current Beneish M-Score is -3.21. Based on the distribution chart, Stefanutti Stocks Holdings ranks #206 out of 1700 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Stefanutti Stocks Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Stefanutti Stocks Holdings' Beneish M-Score compare to PWR and FIX?

According to the Construction industry distribution chart, Stefanutti Stocks Holdings ranks #206 out of 1700 companies for Beneish M-Score. This places Stefanutti Stocks Holdings in the top 12% 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 Construction company?

A good Beneish M-Score depends on the Construction 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 Stefanutti Stocks Holdings and its competitors. Stefanutti Stocks Holdings's current Beneish M-Score is -3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Stefanutti Stocks Holdings stock overvalued right now?

Based on GuruFocus' analysis, Stefanutti Stocks Holdings (JSE:SSK) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.44, compared to a current price of R6.75 — trading 96.2% above its estimated fair value. The current Beneish M-Score is -3.21. Stefanutti Stocks Holdings' overall GF Score™ is 57/100 with 5 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 Stefanutti Stocks Holdings (JSE:SSK), the current Beneish M-Score is -3.21 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 Stefanutti Stocks Holdings (JSE:SSK) Overvalued in 2026?

Based on GuruFocus' analysis, Stefanutti Stocks Holdings stock appears to be overvalued. The current stock price of R6.75 is trading 96.2% above its estimated GF Value™ of R3.44. GuruFocus considers Stefanutti Stocks Holdings to be Significantly Overvalued.

Key valuation signals for JSE:SSK:

Beneish M-Score: -3.21
GF Value™: R3.44 vs. price of R6.75 (96.2% above fair value)
GF Score™: 57/100 with 5 warning signs

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

Stefanutti Stocks Holdings Business Description

Industry Industrials Construction

Comparable Companies JSE:AEG JSE:MDI PWR XPAR:DG FIX NSE:LT XKRX:028260 XAMS:FER XTER:HOT XMAD:ACS EME MTZ SHSE:601668 STRL XPAR:EN APG TSX:WSP XMAD:ANA TSE:1812 HKSE:03996

Address No 9 Palala Street, Corner Zuurfontein Avenue and Oranjerivier Drive, Protec Park, Kempton Park, GT, ZAF, 1619

Website https://www.stefanuttistocks.com

Stefanutti Stocks Holdings Ltd is a multidisciplinary construction group that delivers projects of any scale to diverse sectors in the built environment. The group's operating segments are: Inland, Coastal, Western Cape, Africa, and Others. The majority of its revenue is generated from the Inland segment, which undertakes projects in civil infrastructure, roads and earthworks, building construction, geotechnical services, mining operations, mechanical, electrical and instrumentation works, as well as oil and gas and renewable energy developments across Gauteng and other inland regions. Geographically, the group generates a majority of its revenue from its business in South Africa, and the rest from Botswana, Eswatini, Zimbabwe, Zambia, Mauritius, and Other regions.

57GF Score

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

R6.75

Price

R3.44

GF Value

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