Mutakamela Insurance Co (SAU:8040) Beneish M-Score: -3.84 (As of Jul. 23, 2026)

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SAU:8040 Mutakamela Insurance Co SAU:8040
47 GF Score
Price ﷼13.01
GF Value ﷼44.81
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Mutakamela Insurance Co Beneish M-Score?

Mutakamela Insurance Co SAU:8040 -3.63% 47 Beneish M-Score is -3.84 as of Jul. 23, 2026. GuruFocus rates SAU:8040 with a GF Score™ of 47/100 and a GF Value™ of ﷼44.81 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 397 Insurance companies, Mutakamela Insurance Co ranks better than 92.7% 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 -3.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SAU:8040' s Beneish M-Score Range Over the Past 10 Years
Min: -5.65   Med: -2.61   Max: 22.04
Current: -3.84

During the past 13 years, the highest Beneish M-Score of Mutakamela Insurance Co was 22.04. The lowest was -5.65. And the median was -2.61.

SAU:8040
47GF Score
Mutakamela Insurance Co SAU:8040
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutakamela Insurance 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 Mutakamela Insurance 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 * 0.6412+0.528 * 1+0.404 * 0.9957+0.892 * 0.8789+0.115 * 1.4548
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.040259-0.327 * 4.5546
=-3.84

* 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 ﷼1.3 Mil.
Revenue was 134.989 + 133.695 + 141.591 + 136.183 = ﷼546.5 Mil.
Gross Profit was 134.989 + 133.695 + 141.591 + 136.183 = ﷼546.5 Mil.
Total Current Assets was ﷼0.0 Mil.
Total Assets was ﷼1,851.4 Mil.
Property, Plant and Equipment(Net PPE) was ﷼15.3 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼7.0 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼0.0 Mil.
Total Current Liabilities was ﷼0.0 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼13.1 Mil.
Net Income was -10.628 + -7.667 + 0.549 + 8.72 = ﷼-9.0 Mil.
Non Operating Income was -6.247 + -0.872 + 2.636 + 0.965 = ﷼-3.5 Mil.
Cash Flow from Operations was -29.989 + 8.577 + -3.227 + -55.405 = ﷼-80.0 Mil.
 Total Receivables was ﷼2.2 Mil.
Revenue was 134.449 + 158.446 + 169.574 + 159.287 = ﷼621.8 Mil.
Gross Profit was 134.449 + 158.446 + 169.574 + 159.287 = ﷼621.8 Mil.
Total Current Assets was ﷼0.0 Mil.
Total Assets was ﷼2,042.3 Mil.
Property, Plant and Equipment(Net PPE) was ﷼8.0 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼6.7 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼0.0 Mil.
Total Current Liabilities was ﷼0.0 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼3.2 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)
=(1.258 / 546.458) / (2.232 / 621.756)
=0.002302 / 0.00359
=0.6412

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)
=(621.756 / 621.756) / (546.458 / 546.458)
=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 + 15.284) / 1851.421) / (1 - (0 + 8.015) / 2042.326)
=0.991745 / 0.996076
=0.9957

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
=546.458 / 621.756
=0.8789

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))
=(6.732 / (6.732 + 8.015)) / (6.989 / (6.989 + 15.284))
=0.4565 / 0.313788
=1.4548

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 / 546.458) / (0 / 621.756)
=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)
=((13.062 + 0) / 1851.421) / ((3.164 + 0) / 2042.326)
=0.007055 / 0.001549
=4.5546

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
=(-9.026 - -3.518 - -80.044) / 1851.421
=0.040259

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.

Mutakamela Insurance Co has a M-score of -3.84 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 -3.84 mean?
Mutakamela Insurance Co (SAU:8040) has a Beneish M-Score of -3.84 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mutakamela Insurance Co and its competitors. According to the industry distribution chart, Mutakamela Insurance Co ranks #29 out of 397 companies in the Insurance industry, placing it in the top 7.3%.
Is Mutakamela Insurance Co's Beneish M-Score too high?
Mutakamela Insurance Co's current Beneish M-Score is -3.84. Based on the distribution chart, Mutakamela Insurance Co ranks #29 out of 397 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Mutakamela Insurance Co has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mutakamela Insurance Co's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutakamela Insurance Co ranks #29 out of 397 companies for Beneish M-Score. This places Mutakamela Insurance Co in the top 7% 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Mutakamela Insurance Co and its competitors. Mutakamela Insurance Co's current Beneish M-Score is -3.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutakamela Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Mutakamela Insurance Co (SAU:8040) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼44.81, compared to a current price of ﷼13.01 — trading 71% below its estimated fair value. The current Beneish M-Score is -3.84. Mutakamela Insurance Co's overall GF Score™ is 47/100 with 4 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 Mutakamela Insurance Co (SAU:8040), the current Beneish M-Score is -3.84 as of Jul. 23, 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 Mutakamela Insurance Co (SAU:8040) Overvalued in 2026?

Based on GuruFocus' analysis, Mutakamela Insurance Co stock appears to be undervalued. The current stock price of ﷼13.01 is trading 71% below its estimated GF Value™ of ﷼44.81. GuruFocus considers Mutakamela Insurance Co to be Possible Value Trap.

Key valuation signals for SAU:8040:

  • Beneish M-Score: -3.84
  • GF Value™: ﷼44.81 vs. price of ﷼13.01 (71% below fair value)
  • GF Score™: 47/100 with 4 warning signs

No single metric tells the full story. See the SAU:8040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mutakamela Insurance Co Business Description

Address Khorais Road, Khaleej Bridge, Riyadh, SAU, 11481
Mutakamela Insurance Co is an Insurance company that provides tailored insurance solutions for businesses and individuals. Its products are Motor Insurance, Travel Insurance, Waad AlAjyal Gold Waad Isteqrar Gold, Waad Ousra, Marine Insurance, Health Insurance, Liability Insurance, Engineering Insurance, and Others. The company's segments include: Motor insurance; Health care (medical) products; Property and casualty; Protection and saving; and Shareholders' segment. Geographically, is located in Saudi Arabia and Outside, with maximum in Saudi Arabia.
47GF Score

Get the complete analysis for SAU:8040

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

﷼13.01
Price
﷼44.81
GF Value