Commercial Facilities CoK (KUW:FACIL) Beneish M-Score: -2.57 (As of Jul. 06, 2026)


KUW:FACIL Commercial Facilities Co SAK KUW:FACIL
8 GF Score
Price KWD0.27
GF Value KWD0.27
Valuation Fairly Valued
! 6 Warning Signs
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What is Commercial Facilities CoK Beneish M-Score?

Commercial Facilities CoK KUW:FACIL -1.45% 8 Beneish M-Score is -2.57 as of Jul. 06, 2026. GuruFocus rates KUW:FACIL with a GF Score™ of 8/100 and a GF Value™ of KWD0.27 (Fairly Valued). The stock has 6 warning signs investors should review. Among 483 Credit Services companies, Commercial Facilities CoK ranks better than 72.46% 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.

Good Sign:

Beneish M-Score -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Commercial Facilities CoK's Beneish M-Score or its related term are showing as below:

KUW:FACIL' s Beneish M-Score Range Over the Past 10 Years
Min: -3.68   Med: -2.59   Max: -1.96
Current: -2.57

During the past 13 years, the highest Beneish M-Score of Commercial Facilities CoK was -1.96. The lowest was -3.68. And the median was -2.59.

KUW:FACIL
8GF Score
Commercial Facilities Co SAK KUW:FACIL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Commercial Facilities CoK 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 Commercial Facilities CoK 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+0.528 * 1+0.404 * 1.001+0.892 * 0.993+0.115 * 1.1722
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9536+4.679 * -0.018051-0.327 * 1.0784
=-2.57

* 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 KWD0.00 Mil.
Revenue was 4.467 + 3.42 + 3.869 + 4.621 = KWD16.38 Mil.
Gross Profit was 4.467 + 3.42 + 3.869 + 4.621 = KWD16.38 Mil.
Total Current Assets was KWD0.00 Mil.
Total Assets was KWD330.35 Mil.
Property, Plant and Equipment(Net PPE) was KWD3.27 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.12 Mil.
Selling, General, & Admin. Expense(SGA) was KWD1.05 Mil.
Total Current Liabilities was KWD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was KWD134.73 Mil.
Net Income was 1.255 + 4.123 + 3.127 + 5.376 = KWD13.88 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = KWD0.00 Mil.
Cash Flow from Operations was 7.23 + 5.879 + 3.887 + 2.848 = KWD19.84 Mil.
 Total Receivables was KWD0.00 Mil.
Revenue was 5.396 + 3.99 + 4.225 + 2.882 = KWD16.49 Mil.
Gross Profit was 5.396 + 3.99 + 4.225 + 2.882 = KWD16.49 Mil.
Total Current Assets was KWD0.00 Mil.
Total Assets was KWD283.12 Mil.
Property, Plant and Equipment(Net PPE) was KWD3.07 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.13 Mil.
Selling, General, & Admin. Expense(SGA) was KWD1.11 Mil.
Total Current Liabilities was KWD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was KWD107.08 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 / 16.377) / (0 / 16.493)
=0 / 0
=1

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)
=(16.493 / 16.493) / (16.377 / 16.377)
=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 - (0 + 3.266) / 330.346) / (1 - (0 + 3.074) / 283.115)
=0.990113 / 0.989142
=1.001

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
=16.377 / 16.493
=0.993

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))
=(0.131 / (0.131 + 3.074)) / (0.118 / (0.118 + 3.266))
=0.040874 / 0.03487
=1.1722

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)
=(1.052 / 16.377) / (1.111 / 16.493)
=0.064236 / 0.067362
=0.9536

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)
=((134.734 + 0) / 330.346) / ((107.078 + 0) / 283.115)
=0.407857 / 0.378214
=1.0784

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
=(13.881 - 0 - 19.844) / 330.346
=-0.018051

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.

Commercial Facilities CoK has a M-score of -2.57 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 -2.57 mean?
Commercial Facilities CoK (KUW:FACIL) has a Beneish M-Score of -2.57 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Commercial Facilities CoK and its competitors. According to the industry distribution chart, Commercial Facilities CoK ranks #133 out of 483 companies in the Credit Services industry, placing it in the top 27.5%.
Is Commercial Facilities CoK's Beneish M-Score too high?
Commercial Facilities CoK's current Beneish M-Score is -2.57. Based on the distribution chart, Commercial Facilities CoK ranks #133 out of 483 companies in the Credit Services industry, which is above the industry midpoint. Overall, Commercial Facilities CoK has a GF Score™ of 8/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Commercial Facilities CoK's Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, Commercial Facilities CoK ranks #133 out of 483 companies for Beneish M-Score. This puts Commercial Facilities CoK in the upper 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 Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Commercial Facilities CoK and its competitors. Commercial Facilities CoK's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commercial Facilities CoK stock overvalued right now?
Based on GuruFocus' analysis, Commercial Facilities CoK (KUW:FACIL) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.27, compared to a current price of KWD0.27 — trading 0.4% above its estimated fair value. The current Beneish M-Score is -2.57. Commercial Facilities CoK's overall GF Score™ is 8/100 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 Commercial Facilities CoK (KUW:FACIL), the current Beneish M-Score is -2.57 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 Commercial Facilities CoK (KUW:FACIL) Overvalued in 2026?

Based on GuruFocus' analysis, Commercial Facilities CoK stock appears to be overvalued. The current stock price of KWD0.27 is trading 0.4% above its estimated GF Value™ of KWD0.27. GuruFocus considers Commercial Facilities CoK to be Fairly Valued.

Key valuation signals for KUW:FACIL:

  • Beneish M-Score: -2.57
  • GF Value™: KWD0.27 vs. price of KWD0.27 (0.4% above fair value)
  • GF Score™: 8/100 with 6 warning signs

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

Commercial Facilities CoK Business Description

Address Abdullah Al-Ahmed Street, Sharq, P.O.Box 24284, Safat, Kuwait City, KWT, 13103
Commercial Facilities Co SAK is a Kuwait-based company engaged in the provision of instalment credit facilities to finance consumer and commercial products. Its services include financing new and used cars, boats, marine equipment, furniture and electrical appliances, basic construction materials, and granting personal cash loans, among others. The company's services fall into four divisions, including Consumer Loans, Cash Loans, Commercial Loans, and Basic Materials Loans. The company also offers its services through online.
8GF Score

Get the complete analysis for KUW:FACIL

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

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