Blue Ant Media (TSX:BAMI) Beneish M-Score: -1.41 (As of Jul. 04, 2026)


TSX:BAMI Blue Ant Media Corp TSX:BAMI
18 GF Score
Price C$5.47
! 3 Warning Signs
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What is Blue Ant Media Beneish M-Score?

Blue Ant Media TSX:BAMI +5.60% 18 Beneish M-Score is -1.41 as of Jul. 04, 2026. GuruFocus rates TSX:BAMI with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 980 Media - Diversified companies, Blue Ant Media ranks worse than 87.86% 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 -1.41 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSX:BAMI' s Beneish M-Score Range Over the Past 10 Years
Min: -1.41   Med: -1.41   Max: -1.41
Current: -1.41

During the past 2 years, the highest Beneish M-Score of Blue Ant Media was -1.41. The lowest was -1.41. And the median was -1.41.

Blue Ant Media Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Blue Ant Media'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.

Blue Ant Media Beneish M-Score Chart

Blue Ant Media Annual Data
Trend Aug24 Aug25
Beneish M-Score
0.00 0.00

Blue Ant Media Quarterly Data
Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 -1.41

TSX:BAMI vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Blue Ant Media'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.

Blue Ant Media Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Blue Ant Media's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Blue Ant Media's Beneish M-Score falls into.


TSX:BAMI
18GF Score
Blue Ant Media Corp TSX:BAMI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Ant Media 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 Blue Ant Media 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 * 1.7746+0.528 * 1.3066+0.404 * 0.7728+0.892 * 1.3974+0.115 * 1.2526
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9011+4.679 * -0.011681-0.327 * 1.1886
=-1.41

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was C$195.6 Mil.
Revenue was 69.961 + 80.464 + 63.726 + 55.689 = C$269.8 Mil.
Gross Profit was 22.296 + 21.036 + 24.215 + 27.313 = C$94.9 Mil.
Total Current Assets was C$265.1 Mil.
Total Assets was C$628.1 Mil.
Property, Plant and Equipment(Net PPE) was C$47.2 Mil.
Depreciation, Depletion and Amortization(DDA) was C$80.5 Mil.
Selling, General, & Admin. Expense(SGA) was C$70.4 Mil.
Total Current Liabilities was C$255.0 Mil.
Long-Term Debt & Capital Lease Obligation was C$65.3 Mil.
Net Income was -6.03 + -6.842 + 29.109 + -11.805 = C$4.4 Mil.
Non Operating Income was -2.391 + -6.625 + 27.276 + -11.754 = C$6.5 Mil.
Cash Flow from Operations was -4.025 + 5.163 + 7.953 + -3.828 = C$5.3 Mil.
 Total Receivables was C$78.9 Mil.
Revenue was 38.377 + 48.707 + 54.172 + 51.841 = C$193.1 Mil.
Gross Profit was 16.955 + 19.08 + 28.378 + 24.281 = C$88.7 Mil.
Total Current Assets was C$102.0 Mil.
Total Assets was C$336.5 Mil.
Property, Plant and Equipment(Net PPE) was C$15.5 Mil.
Depreciation, Depletion and Amortization(DDA) was C$58.3 Mil.
Selling, General, & Admin. Expense(SGA) was C$55.9 Mil.
Total Current Liabilities was C$110.9 Mil.
Long-Term Debt & Capital Lease Obligation was C$33.5 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)
=(195.554 / 269.84) / (78.855 / 193.097)
=0.724704 / 0.40837
=1.7746

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)
=(88.694 / 193.097) / (94.86 / 269.84)
=0.459324 / 0.351542
=1.3066

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 - (265.058 + 47.165) / 628.13) / (1 - (101.995 + 15.52) / 336.495)
=0.502933 / 0.650767
=0.7728

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
=269.84 / 193.097
=1.3974

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))
=(58.298 / (58.298 + 15.52)) / (80.48 / (80.48 + 47.165))
=0.789753 / 0.630499
=1.2526

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)
=(70.429 / 269.84) / (55.931 / 193.097)
=0.261003 / 0.289652
=0.9011

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)
=((65.347 + 255.006) / 628.13) / ((33.452 + 110.933) / 336.495)
=0.510011 / 0.429085
=1.1886

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
=(4.432 - 6.506 - 5.263) / 628.13
=-0.011681

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.

Blue Ant Media has a M-score of -1.41 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 -1.41 mean?
Blue Ant Media (TSX:BAMI) has a Beneish M-Score of -1.41 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Blue Ant Media and its competitors. According to the industry distribution chart, Blue Ant Media ranks #861 out of 980 companies in the Media - Diversified industry, placing it in the top 87.9%.
Is Blue Ant Media's Beneish M-Score too high?
Blue Ant Media's current Beneish M-Score is -1.41. Based on the distribution chart, Blue Ant Media ranks #861 out of 980 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Blue Ant Media has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Blue Ant Media's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Blue Ant Media ranks #861 out of 980 companies for Beneish M-Score. This places Blue Ant Media 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Blue Ant Media and its competitors. Blue Ant Media's current Beneish M-Score is -1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Ant Media stock overvalued right now?
Blue Ant Media (TSX:BAMI) has a current Beneish M-Score of -1.41. The current Beneish M-Score is -1.41. Blue Ant Media's overall GF Score™ is 18/100 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 Blue Ant Media (TSX:BAMI), the current Beneish M-Score is -1.41 as of Jul. 04, 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.

Blue Ant Media Business Description

Other Exchanges BAMIF:USA
Address 99 Atlantic Avenue, 4th Floor, Toronto, ON, CAN, M6K 3J8
Blue Ant Media Corporation is an international streamer, production studio, and rights-management business. The company operates a diverse portfolio of free streaming and pay TV channels internationally, including Love Nature, Cottage Life, Smithsonian Channel Canada, BBC Earth Canada, HauntTV, Homeful, and Love Pets, as well as the world-wide SVOD service MagellanTV. Its studio business produces and distributes a wide range of premium content across key genres for streaming and broadcast platforms world-wide. It has presence in Los Angeles, New York, Miami, Singapore, London, Washington, Sydney, Halifax, Ottawa, and Vancouver.
18GF 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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