Semco Technologies (STU:F2Z) Beneish M-Score: -2.31 (As of Jul. 13, 2026)


STU:F2Z Semco Technologies STU:F2Z
30 GF Score
Price €44.05
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What is Semco Technologies Beneish M-Score?

Semco Technologies STU:F2Z -8.04% 30 Beneish M-Score is -2.31 as of Jul. 13, 2026. GuruFocus rates STU:F2Z with a GF Score™ of 30/100. Among 987 Semiconductors companies, Semco Technologies ranks worse than 57.24% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:F2Z' s Beneish M-Score Range Over the Past 10 Years
Min: -3.45   Med: -2.88   Max: -2.31
Current: -2.31

During the past 4 years, the highest Beneish M-Score of Semco Technologies was -2.31. The lowest was -3.45. And the median was -2.88.

Semco Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Semco Technologies'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.

Semco Technologies Beneish M-Score Chart

Semco Technologies Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -3.45 -2.31

Semco Technologies Semi-Annual Data
Dec22 Dec23 Dec24 Jun25 Dec25
Beneish M-Score 0.00 0.00 -3.45 0.00 -2.31

STU:F2Z vs AMAT, LRCX, KLAC: Beneish M-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Semco Technologies'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.

Semco Technologies Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Semco Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Semco Technologies's Beneish M-Score falls into.


STU:F2Z
30GF Score
Semco Technologies STU:F2Z
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Semco Technologies 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 Semco Technologies 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 * 0.8462+0.528 * 0.8282+0.404 * 0.194+0.892 * 1.0672+0.115 * 0.534
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6852+4.679 * 0.106085-0.327 * 0.4905
=-2.31

* 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 €9.89 Mil.
Revenue was €34.16 Mil.
Gross Profit was €22.13 Mil.
Total Current Assets was €29.26 Mil.
Total Assets was €34.40 Mil.
Property, Plant and Equipment(Net PPE) was €4.39 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.71 Mil.
Selling, General, & Admin. Expense(SGA) was €0.15 Mil.
Total Current Liabilities was €7.82 Mil.
Long-Term Debt & Capital Lease Obligation was €3.11 Mil.
Net Income was €10.09 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €6.44 Mil.
 Total Receivables was €10.95 Mil.
Revenue was €32.00 Mil.
Gross Profit was €17.17 Mil.
Total Current Assets was €28.75 Mil.
Total Assets was €36.66 Mil.
Property, Plant and Equipment(Net PPE) was €3.77 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.30 Mil.
Selling, General, & Admin. Expense(SGA) was €0.20 Mil.
Total Current Liabilities was €16.70 Mil.
Long-Term Debt & Capital Lease Obligation was €7.04 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)
=(9.891 / 34.155) / (10.952 / 32.003)
=0.289592 / 0.342218
=0.8462

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)
=(17.17 / 32.003) / (22.125 / 34.155)
=0.536512 / 0.647782
=0.8282

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 - (29.256 + 4.387) / 34.397) / (1 - (28.747 + 3.768) / 36.656)
=0.021921 / 0.112969
=0.194

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
=34.155 / 32.003
=1.0672

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))
=(0.302 / (0.302 + 3.768)) / (0.708 / (0.708 + 4.387))
=0.074201 / 0.13896
=0.534

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)
=(0.147 / 34.155) / (0.201 / 32.003)
=0.004304 / 0.006281
=0.6852

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)
=((3.107 + 7.822) / 34.397) / ((7.04 + 16.703) / 36.656)
=0.317731 / 0.647725
=0.4905

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
=(10.092 - 0 - 6.443) / 34.397
=0.106085

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.

Semco Technologies has a M-score of -2.31 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 -2.31 mean?
Semco Technologies (STU:F2Z) has a Beneish M-Score of -2.31 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Semco Technologies and its competitors. According to the industry distribution chart, Semco Technologies ranks #565 out of 987 companies in the Semiconductors industry, placing it in the top 57.2%.
Is Semco Technologies' Beneish M-Score too high?
Semco Technologies' current Beneish M-Score is -2.31. Based on the distribution chart, Semco Technologies ranks #565 out of 987 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Semco Technologies has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Semco Technologies' Beneish M-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Semco Technologies ranks #565 out of 987 companies for Beneish M-Score. This places Semco Technologies 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Semco Technologies and its competitors. Semco Technologies's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semco Technologies stock overvalued right now?
Semco Technologies (STU:F2Z) has a current Beneish M-Score of -2.31. The current Beneish M-Score is -2.31. Semco Technologies' overall GF Score™ is 30/100. 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 Semco Technologies (STU:F2Z), the current Beneish M-Score is -2.31 as of Jul. 13, 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.

Semco Technologies Business Description

Other Exchanges ALSEM:France
Address 165 Avenue des Cocardieres, Zac Via Domitia, Castries, FRA, 34160
Semco Technologies operates in the semiconductor industry. It is involved in the semiconductor manufacturing stages by foundries (front-end), by supplying eChucks to OEMs. It is engaged in development and manufacture of electrostatic chucks for the semiconductor industry, differentiating them from general ceramic manufacturers.
30GF 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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