Paper Home Co (SAU:9576) Beneish M-Score: -1.39 (As of Aug. 02, 2026)

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SAU:9576 Paper Home Co SAU:9576
22 GF Score
Price ﷼34.42
! 2 Warning Signs
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What is Paper Home Co Beneish M-Score?

Paper Home Co SAU:9576 22 Beneish M-Score is -1.39 as of Aug. 02, 2026. GuruFocus rates SAU:9576 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 375 Packaging & Containers companies, Paper Home Co ranks worse than 88.53% 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 -1.39 higher than -1.78, which implies that the company might have manipulated its financial results.

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

SAU:9576' s Beneish M-Score Range Over the Past 10 Years
Min: -2.38   Med: -1.89   Max: -1.39
Current: -1.39

During the past 4 years, the highest Beneish M-Score of Paper Home Co was -1.39. The lowest was -2.38. And the median was -1.89.

Paper Home Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Paper Home 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.

Paper Home Co Beneish M-Score Chart

Paper Home Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.38 -1.39

Paper Home Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.38 0.00 -1.39

SAU:9576 vs SW, PKG, IP: Beneish M-Score Comparison

For the Packaging & Containers subindustry, Paper Home 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.

Paper Home Co Beneish M-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Paper Home Co's Beneish M-Score distribution charts can be found below:

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


SAU:9576
22GF Score
Paper Home Co SAU:9576
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Paper Home 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 Paper Home 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 * 1.3429+0.528 * 1.1328+0.404 * 2.1849+0.892 * 1.0743+0.115 * 0.9028
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8406+4.679 * 0.01832-0.327 * 0.8117
=-1.39

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was ﷼28.32 Mil.
Revenue was ﷼95.28 Mil.
Gross Profit was ﷼21.33 Mil.
Total Current Assets was ﷼44.01 Mil.
Total Assets was ﷼140.99 Mil.
Property, Plant and Equipment(Net PPE) was ﷼64.38 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼3.01 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼3.95 Mil.
Total Current Liabilities was ﷼33.38 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼3.59 Mil.
Net Income was ﷼17.79 Mil.
Gross Profit was ﷼0.00 Mil.
Cash Flow from Operations was ﷼15.20 Mil.
 Total Receivables was ﷼19.63 Mil.
Revenue was ﷼88.69 Mil.
Gross Profit was ﷼22.49 Mil.
Total Current Assets was ﷼37.91 Mil.
Total Assets was ﷼126.65 Mil.
Property, Plant and Equipment(Net PPE) was ﷼75.34 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼3.17 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼4.37 Mil.
Total Current Liabilities was ﷼31.98 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼8.93 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)
=(28.315 / 95.28) / (19.627 / 88.694)
=0.297177 / 0.221289
=1.3429

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)
=(22.493 / 88.694) / (21.33 / 95.28)
=0.253602 / 0.223866
=1.1328

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 - (44.008 + 64.377) / 140.99) / (1 - (37.906 + 75.34) / 126.651)
=0.231258 / 0.105842
=2.1849

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
=95.28 / 88.694
=1.0743

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))
=(3.167 / (3.167 + 75.34)) / (3.011 / (3.011 + 64.377))
=0.04034 / 0.044682
=0.9028

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)
=(3.946 / 95.28) / (4.37 / 88.694)
=0.041415 / 0.049271
=0.8406

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)
=((3.585 + 33.379) / 140.99) / ((8.927 + 31.979) / 126.651)
=0.262175 / 0.322982
=0.8117

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
=(17.786 - 0 - 15.203) / 140.99
=0.01832

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.

Paper Home Co has a M-score of -1.39 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 -1.39 mean?
Paper Home Co (SAU:9576) has a Beneish M-Score of -1.39 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Paper Home Co and its competitors. According to the industry distribution chart, Paper Home Co ranks #332 out of 375 companies in the Packaging & Containers industry, placing it in the top 88.5%.
Is Paper Home Co's Beneish M-Score too high?
Paper Home Co's current Beneish M-Score is -1.39. Based on the distribution chart, Paper Home Co ranks #332 out of 375 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Paper Home Co has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Paper Home Co's Beneish M-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Paper Home Co ranks #332 out of 375 companies for Beneish M-Score. This places Paper Home Co 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 Packaging & Containers company?
A good Beneish M-Score depends on the Packaging & Containers 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 Paper Home Co and its competitors. Paper Home Co's current Beneish M-Score is -1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paper Home Co stock overvalued right now?
Paper Home Co (SAU:9576) has a current Beneish M-Score of -1.39. The current Beneish M-Score is -1.39. Paper Home Co's overall GF Score™ is 22/100 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 Paper Home Co (SAU:9576), the current Beneish M-Score is -1.39 as of Aug. 02, 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.

Paper Home Co Business Description

Address Al-Rafaya Industrial Area, P.O. Box 21629, Riyadh, SAU, 11485
Paper Home Co is a Saudi-based corrugated cardboard company. It is in the paper industry, whose activities are the manufacture of cardboard boxes, boxes, and folded and single bags from paper or cardboard. The company's main activity is the cardboard industry, stickers, and waste paper scraps.
22GF Score

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

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