Baazeem Trading Co (SAU:4051) Beneish M-Score: -2.73 (As of Jul. 08, 2026)

What is Baazeem Trading Co Beneish M-Score?

Baazeem Trading Co SAU:4051 +1.39% 79 Beneish M-Score is -2.73 as of Jul. 08, 2026. GuruFocus rates SAU:4051 with a GF Score™ of 79/100 and a GF Value™ of ﷼6.72 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 538 Conglomerates companies, Baazeem Trading Co ranks better than 73.42% 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 -2.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SAU:4051' s Beneish M-Score Range Over the Past 10 Years
Min: -3.55 Med: -2.69 Max: -2.23
Current: -2.73

During the past 10 years, the highest Beneish M-Score of Baazeem Trading Co was -2.23. The lowest was -3.55. And the median was -2.69.

Baazeem Trading Co Beneish M-Score Related Terms

Baazeem Trading Co Beneish M-Score Historical Data

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The historical data trend for Baazeem Trading 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.

Baazeem Trading Co Beneish M-Score Chart

Baazeem Trading Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.45

-2.64

-2.55

-2.70

-2.65

Baazeem Trading 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															-2.77	-2.67	-2.72	-2.65	-2.73

SAU:4051 vs HON, MMM: Beneish M-Score Comparison

For the Conglomerates subindustry, Baazeem Trading 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.

Baazeem Trading Co Beneish M-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Baazeem Trading Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Baazeem Trading Co's Beneish M-Score falls into.

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79GF Score

Baazeem Trading Co SAU:4051

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

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Baazeem Trading 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 Baazeem Trading Co 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 * 0.9408

0.528 * 1.0008

0.404 * 0.6534

0.892 * 1.0365

0.115 * 0.941

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.944

4.679 * -0.017782

0.327 * 1.0302

-2.73

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ﷼125.4 Mil.
Revenue was 75.131 + 68.486 + 67.428 + 62.179 = ﷼273.2 Mil.
Gross Profit was 28.969 + 26.668 + 21.988 + 27.321 = ﷼104.9 Mil.
Total Current Assets was ﷼234.1 Mil.
Total Assets was ﷼269.0 Mil.
Property, Plant and Equipment(Net PPE) was ﷼34.8 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼4.5 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼44.8 Mil.
Total Current Liabilities was ﷼41.6 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼3.3 Mil.
Net Income was 9.611 + 5.822 + 5.533 + 5.67 = ﷼26.6 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ﷼0.0 Mil.
Cash Flow from Operations was 17.611 + -1.036 + 12.792 + 2.053 = ﷼31.4 Mil.

Total Receivables was ﷼128.6 Mil.
Revenue was 70.671 + 70.591 + 64.793 + 57.551 = ﷼263.6 Mil.
Gross Profit was 27.965 + 25.283 + 23.169 + 24.914 = ﷼101.3 Mil.
Total Current Assets was ﷼226.1 Mil.
Total Assets was ﷼256.8 Mil.
Property, Plant and Equipment(Net PPE) was ﷼30.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼3.7 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼45.7 Mil.
Total Current Liabilities was ﷼39.3 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼2.3 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)
	=	(125.416 / 273.224)	/	(128.617 / 263.606)
	=	0.459023	/	0.487914
	=	0.9408

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)
	=	(101.331 / 263.606)	/	(104.946 / 273.224)
	=	0.384403	/	0.384102
	=	1.0008

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 - (234.065 + 34.828) / 269.034)	/	(1 - (226.064 + 30.519) / 256.789)
	=	0.000524	/	0.000802
	=	0.6534

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
	=	273.224	/	263.606
	=	1.0365

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))
	=	(3.662 / (3.662 + 30.519))	/	(4.475 / (4.475 + 34.828))
	=	0.107136	/	0.113859
	=	0.941

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)
	=	(44.754 / 273.224)	/	(45.742 / 263.606)
	=	0.1638	/	0.173524
	=	0.944

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)
	=	((3.337 + 41.594) / 269.034)	/	((2.321 + 39.31) / 256.789)
	=	0.167009	/	0.162121
	=	1.0302

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
	=	(26.636 - 0	-	31.42)	/	269.034
	=	-0.017782

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.

Baazeem Trading Co has a M-score of -2.73 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 -2.73 mean?

Baazeem Trading Co (SAU:4051) has a Beneish M-Score of -2.73 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Baazeem Trading Co and its competitors. According to the industry distribution chart, Baazeem Trading Co ranks #143 out of 538 companies in the Conglomerates industry, placing it in the top 26.6%.

Is Baazeem Trading Co's Beneish M-Score too high?

Baazeem Trading Co's current Beneish M-Score is -2.73. Based on the distribution chart, Baazeem Trading Co ranks #143 out of 538 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Baazeem Trading Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Baazeem Trading Co's Beneish M-Score compare to HON and MMM?

According to the Conglomerates industry distribution chart, Baazeem Trading Co ranks #143 out of 538 companies for Beneish M-Score. This puts Baazeem Trading 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 Conglomerates company?

A good Beneish M-Score depends on the Conglomerates 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 Baazeem Trading Co and its competitors. Baazeem Trading Co's current Beneish M-Score is -2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Baazeem Trading Co stock overvalued right now?

Based on GuruFocus' analysis, Baazeem Trading Co (SAU:4051) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼6.72, compared to a current price of ﷼5.84 — trading 13.1% below its estimated fair value. The current Beneish M-Score is -2.73. Baazeem Trading Co's overall GF Score™ is 79/100 with 2 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 Baazeem Trading Co (SAU:4051), the current Beneish M-Score is -2.73 as of Jul. 08, 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 Baazeem Trading Co (SAU:4051) Overvalued in 2026?

Based on GuruFocus' analysis, Baazeem Trading Co stock appears to be undervalued. The current stock price of ﷼5.84 is trading 13.1% below its estimated GF Value™ of ﷼6.72. GuruFocus considers Baazeem Trading Co to be Modestly Undervalued.

Key valuation signals for SAU:4051:

Beneish M-Score: -2.73
GF Value™: ﷼6.72 vs. price of ﷼5.84 (13.1% below fair value)
GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the SAU:4051 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Baazeem Trading Co Business Description

Industry Industrials Conglomerates

Comparable Companies SAU:4130 SAU:4140 SAU:2030 SAU:9568 SAU:2120 SAU:4080 SAU:4110 SAU:2084 ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053 HKSE:00267 MIL:PST

Address King Faisal Street, Riyadh Al-Murabba District, PO Box 2156, Riyadh, SAU, 11451

Website https://www.baazeem.com

Baazeem Trading Co is engaged in diversified businesses. Principally, the company is involved in the distribution of canned fish, household chemicals, baby supplies, personal care products and home furniture accessories and others. Also, it is involved in the wholesale of coffee and tea products, cosmetics and beauty soaps, food items and drinks, the sale of tools and plastic materials, rubber, and industrial fibers. The company is also involved in the manufacturing of sanitary paper, napkins, cleaning wipes, tissue paper, towel rolls, and ready-made food packaging.

79GF Score

Get the complete analysis for SAU:4051

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

﷼5.84

Price

﷼6.72

GF Value

View SAU:4051 Analysis

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