Bao minh Insurance (STC:BMI) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


STC:BMI Bao minh Insurance Corp STC:BMI
69 GF Score
Price ₫14,250.00
GF Value ₫20,379.66
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Bao minh Insurance Beneish M-Score?

Bao minh Insurance STC:BMI 69 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates STC:BMI with a GF Score™ of 69/100 and a GF Value™ of ₫20,379.66 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 401 Insurance companies, Bao minh Insurance ranks worse than 249376.31% 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.

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

During the past 13 years, the highest Beneish M-Score of Bao minh Insurance was -1.07. The lowest was -2.39. And the median was -2.00.

STC:BMI
69GF Score
Bao minh Insurance Corp STC:BMI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bao minh Insurance 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 Bao minh Insurance 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ₫1,068,876 Mil.
Revenue was 1371212.531 + 1342210.933 + 1333111.812 + 1352172.456 = ₫5,398,708 Mil.
Gross Profit was 1371212.531 + 1342210.933 + 1333111.812 + 1352172.456 = ₫5,398,708 Mil.
Total Current Assets was ₫0 Mil.
Total Assets was ₫8,287,718 Mil.
Property, Plant and Equipment(Net PPE) was ₫74,075 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫20,752 Mil.
Selling, General, & Admin. Expense(SGA) was ₫176,828 Mil.
Total Current Liabilities was ₫0 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Net Income was 55556.275 + 3583.117 + 112712.232 + 81196.824 = ₫253,048 Mil.
Non Operating Income was 4055.371 + 7614.571 + 1126.351 + 1317.72 = ₫14,114 Mil.
Cash Flow from Operations was 77023.827 + 21817.163 + -135831.94 + 136746.887 = ₫99,756 Mil.
 Total Receivables was ₫833,966 Mil.
Revenue was 1336657.699 + 1287778.833 + 1285639.943 + 1280243.664 = ₫5,190,320 Mil.
Gross Profit was 1336657.699 + 1287778.833 + 1285639.943 + 1280243.664 = ₫5,190,320 Mil.
Total Current Assets was ₫0 Mil.
Total Assets was ₫7,575,723 Mil.
Property, Plant and Equipment(Net PPE) was ₫88,934 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫17,992 Mil.
Selling, General, & Admin. Expense(SGA) was ₫178,680 Mil.
Total Current Liabilities was ₫0 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 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)
=(1068876.238 / 5398707.732) / (833965.579 / 5190320.139)
=0.197987 / 0.160677
=

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)
=(5190320.139 / 5190320.139) / (5398707.732 / 5398707.732)
=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 + 74074.839) / 8287718.211) / (1 - (0 + 88934.38) / 7575722.886)
=0.991062 / 0.988261
=

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
=5398707.732 / 5190320.139
=

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))
=(17991.804 / (17991.804 + 88934.38)) / (20752.492 / (20752.492 + 74074.839))
=0.168264 / 0.218845
=

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)
=(176827.906 / 5398707.732) / (178679.792 / 5190320.139)
=0.032754 / 0.034426
=

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)
=((0 + 0) / 8287718.211) / ((0 + 0) / 7575722.886)
=0 / 0
=

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
=(253048.448 - 14114.013 - 99755.937) / 8287718.211
=0.016793

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Bao minh Insurance (STC:BMI) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bao minh Insurance and its competitors. According to the industry distribution chart, Bao minh Insurance ranks #999999 out of 401 companies in the Insurance industry.
Is Bao minh Insurance's Beneish M-Score too high?
Bao minh Insurance's current Beneish M-Score is 0.00. Based on the distribution chart, Bao minh Insurance ranks #999999 out of 401 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Bao minh Insurance has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bao minh Insurance's Beneish M-Score compare to CB and PGR?
According to the Insurance industry distribution chart, Bao minh Insurance ranks #999999 out of 401 companies for Beneish M-Score. This places Bao minh Insurance 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 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 Bao minh Insurance and its competitors. Bao minh Insurance's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bao minh Insurance stock overvalued right now?
Based on GuruFocus' analysis, Bao minh Insurance (STC:BMI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫20,379.66, compared to a current price of ₫14,250.00 — trading 30.1% below its estimated fair value. The current Beneish M-Score is 0.00. Bao minh Insurance's overall GF Score™ is 69/100 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 Bao minh Insurance (STC:BMI), the current Beneish M-Score is 0.00 as of Jul. 01, 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 Bao minh Insurance (STC:BMI) Overvalued in 2026?

Based on GuruFocus' analysis, Bao minh Insurance stock appears to be undervalued. The current stock price of ₫14,250.00 is trading 30.1% below its estimated GF Value™ of ₫20,379.66. GuruFocus considers Bao minh Insurance to be Significantly Undervalued.

Key valuation signals for STC:BMI:

  • Beneish M-Score: 0.00
  • GF Value™: ₫20,379.66 vs. price of ₫14,250.00 (30.1% below fair value)
  • GF Score™: 69/100 with 2 warning signs

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

Bao minh Insurance Business Description

Address 26 Ton That Dam Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, VNM
Bao minh Insurance Corp operates in the insurance sector. It offers insurance products and services including non-life insurance, non-life reinsurance, and financial investments services. Its products include health and accident insurance, motor vehicle insurance, property and engineering insurance, marine insurance and agricultural insurance among others.
69GF Score

Get the complete analysis for STC:BMI

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

₫14,250.00
Price
₫20,379.66
GF Value