Saudi Automotive Services Co (SAU:4050) Beneish M-Score: -2.62 (As of Jun. 27, 2026)


SAU:4050 Saudi Automotive Services Co SAU:4050
89 GF Score
Price ﷼45.60
GF Value ﷼75.85
Valuation Significantly Undervalued
! 10 Warning Signs
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What is Saudi Automotive Services Co Beneish M-Score?

Saudi Automotive Services Co SAU:4050 -0.91% 89 Beneish M-Score is -2.62 as of Jun. 27, 2026. GuruFocus rates SAU:4050 with a GF Score™ of 89/100 and a GF Value™ of ﷼75.85 (Significantly Undervalued). The stock has 10 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Saudi Automotive Services Co ranks better than 54.55% 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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Saudi Automotive Services Co's Beneish M-Score or its related term are showing as below:

SAU:4050' s Beneish M-Score Range Over the Past 10 Years
Min: -3.71   Med: -2.43   Max: 2.41
Current: -2.62

During the past 13 years, the highest Beneish M-Score of Saudi Automotive Services Co was 2.41. The lowest was -3.71. And the median was -2.43.

Saudi Automotive Services Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Saudi Automotive Services Co'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.

Saudi Automotive Services Co Beneish M-Score Chart

Saudi Automotive Services Co 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 -2.07 -1.78 -2.51 -2.89 -2.63

Saudi Automotive Services Co 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 -2.15 -2.41 -2.31 -2.63 -2.62

SAU:4050 vs CASY, WSM, ULTA: Beneish M-Score Comparison

For the Specialty Retail subindustry, Saudi Automotive Services Co'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.

Saudi Automotive Services Co Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Saudi Automotive Services Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Saudi Automotive Services Co's Beneish M-Score falls into.


SAU:4050
89GF Score
Saudi Automotive Services Co SAU:4050
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saudi Automotive Services Co 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 Saudi Automotive Services Co 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 * 0.9104+0.528 * 1.3049+0.404 * 1.0322+0.892 * 1.1497+0.115 * 0.9121
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8219+4.679 * -0.082179-0.327 * 0.997
=-2.62

* 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 ﷼205 Mil.
Revenue was 3021.487 + 3103.8 + 3065.081 + 2874.718 = ﷼12,065 Mil.
Gross Profit was 47.332 + 59.937 + 69.471 + 76.69 = ﷼253 Mil.
Total Current Assets was ﷼812 Mil.
Total Assets was ﷼7,023 Mil.
Property, Plant and Equipment(Net PPE) was ﷼5,039 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼461 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼23 Mil.
Total Current Liabilities was ﷼1,957 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼4,011 Mil.
Net Income was -23.702 + 21.89 + 8.414 + 29.699 = ﷼36 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ﷼0 Mil.
Cash Flow from Operations was 116.034 + 167.525 + 239.328 + 90.581 = ﷼613 Mil.
 Total Receivables was ﷼195 Mil.
Revenue was 2760.429 + 2604.788 + 2642.101 + 2486.509 = ﷼10,494 Mil.
Gross Profit was 74.32 + 56.202 + 80.499 + 76.607 = ﷼288 Mil.
Total Current Assets was ﷼871 Mil.
Total Assets was ﷼6,874 Mil.
Property, Plant and Equipment(Net PPE) was ﷼4,892 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼405 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼24 Mil.
Total Current Liabilities was ﷼1,802 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼4,057 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)
=(204.616 / 12065.086) / (195.489 / 10493.827)
=0.016959 / 0.018629
=0.9104

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)
=(287.628 / 10493.827) / (253.43 / 12065.086)
=0.027409 / 0.021005
=1.3049

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 - (812.421 + 5039.051) / 7023.291) / (1 - (871.35 + 4891.684) / 6874.253)
=0.166848 / 0.161649
=1.0322

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
=12065.086 / 10493.827
=1.1497

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))
=(404.579 / (404.579 + 4891.684)) / (460.589 / (460.589 + 5039.051))
=0.07639 / 0.083749
=0.9121

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)
=(22.933 / 12065.086) / (24.27 / 10493.827)
=0.001901 / 0.002313
=0.8219

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)
=((4011.366 + 1957.015) / 7023.291) / ((4056.966 + 1802.28) / 6874.253)
=0.849798 / 0.852347
=0.997

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
=(36.301 - 0 - 613.468) / 7023.291
=-0.082179

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.

Saudi Automotive Services Co has a M-score of -2.62 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 -2.62 mean?
Saudi Automotive Services Co (SAU:4050) has a Beneish M-Score of -2.62 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Saudi Automotive Services Co and its competitors. According to the industry distribution chart, Saudi Automotive Services Co ranks #494 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 45.4%.
Is Saudi Automotive Services Co's Beneish M-Score too high?
Saudi Automotive Services Co's current Beneish M-Score is -2.62. Based on the distribution chart, Saudi Automotive Services Co ranks #494 out of 1087 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Saudi Automotive Services Co has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saudi Automotive Services Co's Beneish M-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Saudi Automotive Services Co ranks #494 out of 1087 companies for Beneish M-Score. This puts Saudi Automotive Services Co 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Saudi Automotive Services Co and its competitors. Saudi Automotive Services Co's current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Automotive Services Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Automotive Services Co (SAU:4050) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼75.85, compared to a current price of ﷼45.60 — trading 39.9% below its estimated fair value. The current Beneish M-Score is -2.62. Saudi Automotive Services Co's overall GF Score™ is 89/100 with 10 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 Saudi Automotive Services Co (SAU:4050), the current Beneish M-Score is -2.62 as of Jun. 27, 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 Saudi Automotive Services Co (SAU:4050) Overvalued in 2026?

Based on GuruFocus' analysis, Saudi Automotive Services Co stock appears to be undervalued. The current stock price of ﷼45.60 is trading 39.9% below its estimated GF Value™ of ﷼75.85. GuruFocus considers Saudi Automotive Services Co to be Significantly Undervalued.

Key valuation signals for SAU:4050:

  • Beneish M-Score: -2.62
  • GF Value™: ﷼75.85 vs. price of ﷼45.60 (39.9% below fair value)
  • GF Score™: 89/100 with 10 warning signs

No single metric tells the full story. See the SAU:4050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Saudi Automotive Services Co Business Description

Address Makkah Al Mukarramah Road, Khurais, P. O Box 12411, Building No. 4870, King Abdulaziz District, Riyadh, SAU, 12411
Saudi Automotive Services Co owns and manages fuel stations, auto and travelers services centers, motels, restaurants, C-stores inside cities and on highways, and an auto club which issues customs traffic documents (TripTik), international driving licenses, and organizes sports activities. In addition, the group also provides road transportation services for liquid and dry materials. Along with its subsidiaries, it operates in the following segments: Retail and operations, Saudi Club, SASCO Palm, Transportation Fleet, and Others. Maximum revenue is derived from the Retail and operations segment, which represents income generated from its fuel station operations and the operation of residential and commercial buildings. Geographically, the group operates only in the Kingdom of Saudi Arabia.
89GF Score

Get the complete analysis for SAU:4050

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

﷼45.60
Price
﷼75.85
GF Value