Neft Alsharq Co For Chemical Industries (SAU:9605) Beneish M-Score: -1.88 (As of Aug. 07, 2026)

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SAU:9605 Neft Alsharq Co For Chemical Industries SAU:9605
14 GF Score
Price ﷼2.86
! 3 Warning Signs
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What is Neft Alsharq Co For Chemical Industries Beneish M-Score?

Neft Alsharq Co For Chemical Industries SAU:9605 14 Beneish M-Score is -1.88 as of Aug. 07, 2026. GuruFocus rates SAU:9605 with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 1,528 Chemicals companies, Neft Alsharq Co For Chemical Industries ranks worse than 82.13% 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 -1.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Neft Alsharq Co For Chemical Industries's Beneish M-Score or its related term are showing as below:

SAU:9605' s Beneish M-Score Range Over the Past 10 Years
Min: -1.88   Med: -1.88   Max: -1.88
Current: -1.88

During the past 3 years, the highest Beneish M-Score of Neft Alsharq Co For Chemical Industries was -1.88. The lowest was -1.88. And the median was -1.88.

Neft Alsharq Co For Chemical Industries Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Neft Alsharq Co For Chemical Industries'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.

Neft Alsharq Co For Chemical Industries Beneish M-Score Chart

Neft Alsharq Co For Chemical Industries Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.88

Neft Alsharq Co For Chemical Industries Semi-Annual Data
Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -1.88

SAU:9605 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Neft Alsharq Co For Chemical Industries'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.

Neft Alsharq Co For Chemical Industries Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neft Alsharq Co For Chemical Industries's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Neft Alsharq Co For Chemical Industries's Beneish M-Score falls into.


SAU:9605
14GF Score
Neft Alsharq Co For Chemical Industries SAU:9605
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Neft Alsharq Co For Chemical Industries 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 Neft Alsharq Co For Chemical Industries 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 * 1.2697+0.528 * 1.0663+0.404 * 0.8866+0.892 * 1.176+0.115 * 0.611
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4914+4.679 * 0.104113-0.327 * 1.468
=-1.88

* 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 ﷼25.44 Mil.
Revenue was ﷼73.81 Mil.
Gross Profit was ﷼12.82 Mil.
Total Current Assets was ﷼48.86 Mil.
Total Assets was ﷼76.51 Mil.
Property, Plant and Equipment(Net PPE) was ﷼25.41 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼3.68 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼3.82 Mil.
Total Current Liabilities was ﷼17.22 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼12.05 Mil.
Net Income was ﷼-1.73 Mil.
Gross Profit was ﷼0.00 Mil.
Cash Flow from Operations was ﷼-9.70 Mil.
 Total Receivables was ﷼17.04 Mil.
Revenue was ﷼62.77 Mil.
Gross Profit was ﷼11.63 Mil.
Total Current Assets was ﷼40.61 Mil.
Total Assets was ﷼65.87 Mil.
Property, Plant and Equipment(Net PPE) was ﷼23.08 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼1.94 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼2.18 Mil.
Total Current Liabilities was ﷼7.86 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼9.30 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)
=(25.439 / 73.813) / (17.038 / 62.768)
=0.344641 / 0.271444
=1.2697

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)
=(11.627 / 62.768) / (12.823 / 73.813)
=0.185238 / 0.173723
=1.0663

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 - (48.862 + 25.413) / 76.513) / (1 - (40.609 + 23.083) / 65.865)
=0.02925 / 0.032992
=0.8866

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
=73.813 / 62.768
=1.176

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))
=(1.935 / (1.935 + 23.083)) / (3.683 / (3.683 + 25.413))
=0.077344 / 0.126581
=0.611

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)
=(3.818 / 73.813) / (2.177 / 62.768)
=0.051725 / 0.034683
=1.4914

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)
=((12.045 + 17.215) / 76.513) / ((9.296 + 7.862) / 65.865)
=0.382419 / 0.260503
=1.468

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
=(-1.731 - 0 - -9.697) / 76.513
=0.104113

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.

Neft Alsharq Co For Chemical Industries has a M-score of -1.88 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 -1.88 mean?
Neft Alsharq Co For Chemical Industries (SAU:9605) has a Beneish M-Score of -1.88 as of Aug. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Neft Alsharq Co For Chemical Industries and its competitors. According to the industry distribution chart, Neft Alsharq Co For Chemical Industries ranks #1255 out of 1528 companies in the Chemicals industry, placing it in the top 82.1%.
Is Neft Alsharq Co For Chemical Industries' Beneish M-Score too high?
Neft Alsharq Co For Chemical Industries' current Beneish M-Score is -1.88. Based on the distribution chart, Neft Alsharq Co For Chemical Industries ranks #1255 out of 1528 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Neft Alsharq Co For Chemical Industries has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Neft Alsharq Co For Chemical Industries' Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Neft Alsharq Co For Chemical Industries ranks #1255 out of 1528 companies for Beneish M-Score. This places Neft Alsharq Co For Chemical Industries 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Neft Alsharq Co For Chemical Industries and its competitors. Neft Alsharq Co For Chemical Industries's current Beneish M-Score is -1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neft Alsharq Co For Chemical Industries stock overvalued right now?
Neft Alsharq Co For Chemical Industries (SAU:9605) has a current Beneish M-Score of -1.88. The current Beneish M-Score is -1.88. Neft Alsharq Co For Chemical Industries' overall GF Score™ is 14/100 with 3 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 Neft Alsharq Co For Chemical Industries (SAU:9605), the current Beneish M-Score is -1.88 as of Aug. 07, 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.

Neft Alsharq Co For Chemical Industries Business Description

Address Northern Ring Road, Al Wadi District, Riyadh, SAU
Neft Alsharq Co For Chemical Industries is engaged in the wholesale of liquid fuels, crude petroleum, and petroleum refinery products, as well as the production and wholesale of lubricating oils for equipment and engines.
14GF 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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