UniCap Investment And FinanceKC (KUW:UNICAP) Beneish M-Score: -1.26 (As of Jul. 20, 2026)

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KUW:UNICAP UniCap Investment And Finance SAKC KUW:UNICAP
30 GF Score
Price KWD0.30
GF Value KWD0.27
Valuation Fairly Valued
! 5 Warning Signs
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What is UniCap Investment And FinanceKC Beneish M-Score?

UniCap Investment And FinanceKC KUW:UNICAP 30 Beneish M-Score is -1.26 as of Jul. 20, 2026. GuruFocus rates KUW:UNICAP with a GF Score™ of 30/100 and a GF Value™ of KWD0.27 (Fairly Valued). The stock has 5 warning signs investors should review. Among 85 Diversified Financial Services companies, UniCap Investment And FinanceKC ranks worse than 97.65% 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 -1.26 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for UniCap Investment And FinanceKC's Beneish M-Score or its related term are showing as below:

KUW:UNICAP' s Beneish M-Score Range Over the Past 10 Years
Min: -7.33   Med: -2.38   Max: 2.6
Current: -1.26

During the past 13 years, the highest Beneish M-Score of UniCap Investment And FinanceKC was 2.60. The lowest was -7.33. And the median was -2.38.

UniCap Investment And FinanceKC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for UniCap Investment And FinanceKC'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.

UniCap Investment And FinanceKC Beneish M-Score Chart

UniCap Investment And FinanceKC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Aug23 Aug24 Aug25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.55 -2.81 -2.44 -2.93

UniCap Investment And FinanceKC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -2.97 -2.09 -2.93 -1.90 -1.26

KUW:UNICAP vs VOYA, FRHC: Beneish M-Score Comparison

For the Financial Conglomerates subindustry, UniCap Investment And FinanceKC'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.

UniCap Investment And FinanceKC Beneish M-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, UniCap Investment And FinanceKC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where UniCap Investment And FinanceKC's Beneish M-Score falls into.


KUW:UNICAP
30GF Score
UniCap Investment And Finance SAKC KUW:UNICAP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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UniCap Investment And FinanceKC 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 UniCap Investment And FinanceKC 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 * 1.2955+0.528 * 1.0819+0.404 * 3.8299+0.892 * 0.9922+0.115 * 0.9717
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0862+4.679 * -0.054659-0.327 * 0.882
=-1.26

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was KWD2.89 Mil.
Revenue was 3.931 + 1.37 + 0.852 + 2.885 = KWD9.04 Mil.
Gross Profit was 2.602 + -0.113 + -1.607 + 1.507 = KWD2.39 Mil.
Total Current Assets was KWD36.23 Mil.
Total Assets was KWD60.63 Mil.
Property, Plant and Equipment(Net PPE) was KWD22.67 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD1.19 Mil.
Selling, General, & Admin. Expense(SGA) was KWD1.35 Mil.
Total Current Liabilities was KWD1.80 Mil.
Long-Term Debt & Capital Lease Obligation was KWD24.84 Mil.
Net Income was 1.272 + -0.68 + 0.039 + 0.497 = KWD1.13 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = KWD0.00 Mil.
Cash Flow from Operations was 4.231 + 0.328 + 0.041 + -0.158 = KWD4.44 Mil.
 Total Receivables was KWD2.25 Mil.
Revenue was 3.137 + 2.526 + 1.091 + 2.355 = KWD9.11 Mil.
Gross Profit was 1.783 + 1.191 + -1.373 + 1.004 = KWD2.61 Mil.
Total Current Assets was KWD33.43 Mil.
Total Assets was KWD56.85 Mil.
Property, Plant and Equipment(Net PPE) was KWD22.99 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD1.17 Mil.
Selling, General, & Admin. Expense(SGA) was KWD1.25 Mil.
Total Current Liabilities was KWD3.70 Mil.
Long-Term Debt & Capital Lease Obligation was KWD24.62 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)
=(2.887 / 9.038) / (2.246 / 9.109)
=0.319429 / 0.246569
=1.2955

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)
=(2.605 / 9.109) / (2.389 / 9.038)
=0.285981 / 0.264328
=1.0819

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 - (36.229 + 22.666) / 60.631) / (1 - (33.433 + 22.988) / 56.846)
=0.028632 / 0.007476
=3.8299

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
=9.038 / 9.109
=0.9922

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))
=(1.174 / (1.174 + 22.988)) / (1.193 / (1.193 + 22.666))
=0.048589 / 0.050002
=0.9717

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)
=(1.345 / 9.038) / (1.248 / 9.109)
=0.148816 / 0.137007
=1.0862

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)
=((24.843 + 1.797) / 60.631) / ((24.623 + 3.697) / 56.846)
=0.439379 / 0.498188
=0.882

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
=(1.128 - 0 - 4.442) / 60.631
=-0.054659

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.

UniCap Investment And FinanceKC has a M-score of -1.26 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 -1.26 mean?
UniCap Investment And FinanceKC (KUW:UNICAP) has a Beneish M-Score of -1.26 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on UniCap Investment And FinanceKC and its competitors. According to the industry distribution chart, UniCap Investment And FinanceKC ranks #83 out of 85 companies in the Diversified Financial Services industry, placing it in the top 97.6%.
Is UniCap Investment And FinanceKC's Beneish M-Score too high?
UniCap Investment And FinanceKC's current Beneish M-Score is -1.26. Based on the distribution chart, UniCap Investment And FinanceKC ranks #83 out of 85 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, UniCap Investment And FinanceKC has a GF Score™ of 30/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UniCap Investment And FinanceKC's Beneish M-Score compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, UniCap Investment And FinanceKC ranks #83 out of 85 companies for Beneish M-Score. This places UniCap Investment And FinanceKC 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 Diversified Financial Services company?
A good Beneish M-Score depends on the Diversified Financial 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 UniCap Investment And FinanceKC and its competitors. UniCap Investment And FinanceKC's current Beneish M-Score is -1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UniCap Investment And FinanceKC stock overvalued right now?
Based on GuruFocus' analysis, UniCap Investment And FinanceKC (KUW:UNICAP) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.27, compared to a current price of KWD0.30 — trading 10.4% above its estimated fair value. The current Beneish M-Score is -1.26. UniCap Investment And FinanceKC's overall GF Score™ is 30/100 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 UniCap Investment And FinanceKC (KUW:UNICAP), the current Beneish M-Score is -1.26 as of Jul. 20, 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 UniCap Investment And FinanceKC (KUW:UNICAP) Overvalued in 2026?

Based on GuruFocus' analysis, UniCap Investment And FinanceKC stock appears to be overvalued. The current stock price of KWD0.30 is trading 10.4% above its estimated GF Value™ of KWD0.27. GuruFocus considers UniCap Investment And FinanceKC to be Fairly Valued.

Key valuation signals for KUW:UNICAP:

  • Beneish M-Score: -1.26
  • GF Value™: KWD0.27 vs. price of KWD0.30 (10.4% above fair value)
  • GF Score™: 30/100 with 5 warning signs

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

UniCap Investment And FinanceKC Business Description

Address Omar Bin Al-Khattab Street, Kuwait Business Tower (KBT) - 10th Floor, P.O. Box 2290, Sharq, Murgab - Block 3, Kuwait, KWT, 13021
UniCap Investment And Finance SAKC is an investment holding company. The company's operating segments include Financing; Investment; Real estate and Education. It derives maximum revenue from the Education segment. The Education segment includes operating and managing schools. Its Financing segment provides a range of commercial and personal loans to customers. The Real estate segment includes trading, development, and management of properties owned by the group. Its Investment segment includes managing direct investments and investments in subsidiaries and associates.
30GF Score

Get the complete analysis for KUW:UNICAP

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

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KWD0.27
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