Credit Clear (ASX:CCR) Beneish M-Score: -2.51 (As of Jun. 25, 2026)


ASX:CCR Credit Clear Ltd ASX:CCR
35 GF Score
Price A$0.15
GF Value A$0.35
Valuation Significantly Undervalued
View Full Analysis

What is Credit Clear Beneish M-Score?

Credit Clear ASX:CCR -25.00% 35 Beneish M-Score is -2.51 as of Jun. 25, 2026. GuruFocus rates ASX:CCR with a GF Score™ of 35/100 and a GF Value™ of A$0.35 (Significantly Undervalued). Among 2,633 Software companies, Credit Clear ranks worse than 51.8% 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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:CCR' s Beneish M-Score Range Over the Past 10 Years
Min: -2.72   Med: -2.59   Max: -1.33
Current: -2.51

During the past 6 years, the highest Beneish M-Score of Credit Clear was -1.33. The lowest was -2.72. And the median was -2.59.

Credit Clear Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Credit Clear'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.

Credit Clear Beneish M-Score Chart

Credit Clear Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.33 -2.67 -2.72 -2.51

Credit Clear Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2.72 0.00 -2.51 0.00

ASX:CCR vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Credit Clear'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.

Credit Clear Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Credit Clear's Beneish M-Score distribution charts can be found below:

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


ASX:CCR
35GF Score
Credit Clear Ltd ASX:CCR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Credit Clear 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 Credit Clear 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 * 1.0094+0.528 * 1+0.404 * 0.9607+0.892 * 1.1172+0.115 * 0.9917
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9354+4.679 * -0.026604-0.327 * 1.0273
=-2.51

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was A$7.03 Mil.
Revenue was A$46.92 Mil.
Gross Profit was A$46.92 Mil.
Total Current Assets was A$31.20 Mil.
Total Assets was A$85.36 Mil.
Property, Plant and Equipment(Net PPE) was A$3.97 Mil.
Depreciation, Depletion and Amortization(DDA) was A$6.24 Mil.
Selling, General, & Admin. Expense(SGA) was A$26.56 Mil.
Total Current Liabilities was A$17.87 Mil.
Long-Term Debt & Capital Lease Obligation was A$2.72 Mil.
Net Income was A$3.55 Mil.
Gross Profit was A$0.03 Mil.
Cash Flow from Operations was A$5.79 Mil.
 Total Receivables was A$6.24 Mil.
Revenue was A$42.00 Mil.
Gross Profit was A$42.00 Mil.
Total Current Assets was A$25.98 Mil.
Total Assets was A$78.08 Mil.
Property, Plant and Equipment(Net PPE) was A$4.31 Mil.
Depreciation, Depletion and Amortization(DDA) was A$6.63 Mil.
Selling, General, & Admin. Expense(SGA) was A$25.42 Mil.
Total Current Liabilities was A$15.14 Mil.
Long-Term Debt & Capital Lease Obligation was A$3.20 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)
=(7.031 / 46.922) / (6.235 / 42.001)
=0.149844 / 0.148449
=1.0094

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)
=(42.001 / 42.001) / (46.922 / 46.922)
=1 / 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 - (31.197 + 3.97) / 85.362) / (1 - (25.981 + 4.31) / 78.084)
=0.588025 / 0.612072
=0.9607

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
=46.922 / 42.001
=1.1172

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))
=(6.629 / (6.629 + 4.31)) / (6.237 / (6.237 + 3.97))
=0.605997 / 0.611051
=0.9917

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)
=(26.562 / 46.922) / (25.417 / 42.001)
=0.566088 / 0.605152
=0.9354

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)
=((2.724 + 17.873) / 85.362) / ((3.203 + 15.138) / 78.084)
=0.24129 / 0.234888
=1.0273

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
=(3.545 - 0.029 - 5.787) / 85.362
=-0.026604

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.

Credit Clear has a M-score of -2.51 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 -2.51 mean?
Credit Clear (ASX:CCR) has a Beneish M-Score of -2.51 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Credit Clear and its competitors. According to the industry distribution chart, Credit Clear ranks #1364 out of 2633 companies in the Software industry, placing it in the top 51.8%.
Is Credit Clear's Beneish M-Score too high?
Credit Clear's current Beneish M-Score is -2.51. Based on the distribution chart, Credit Clear ranks #1364 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, Credit Clear has a GF Score™ of 35/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Credit Clear's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Credit Clear ranks #1364 out of 2633 companies for Beneish M-Score. This places Credit Clear 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 Software company?
A good Beneish M-Score depends on the Software 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 Credit Clear and its competitors. Credit Clear's current Beneish M-Score is -2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Credit Clear stock overvalued right now?
Based on GuruFocus' analysis, Credit Clear (ASX:CCR) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.35, compared to a current price of A$0.15 — trading 57.1% below its estimated fair value. The current Beneish M-Score is -2.51. Credit Clear's overall GF Score™ is 35/100. 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 Credit Clear (ASX:CCR), the current Beneish M-Score is -2.51 as of Jun. 25, 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 Credit Clear (ASX:CCR) Overvalued in 2026?

Based on GuruFocus' analysis, Credit Clear stock appears to be undervalued. The current stock price of A$0.15 is trading 57.1% below its estimated GF Value™ of A$0.35. GuruFocus considers Credit Clear to be Significantly Undervalued.

Key valuation signals for ASX:CCR:

  • Beneish M-Score: -2.51
  • GF Value™: A$0.35 vs. price of A$0.15 (57.1% below fair value)
  • GF Score™: 35/100

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

Credit Clear Business Description

Address Building 11, 41-43 Bourke Road, Alexandria, NSW, AUS, 2015
Credit Clear Ltd is engaged in the business of providing financial services. Its provision of debt resolution services and the ongoing technology development and implementation of the Company's digital engagement platform. The Group also provides commercial legal expertise as part of its full end-to-end collections management service. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia.
35GF Score

Get the complete analysis for ASX:CCR

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

A$0.15
Price
A$0.35
GF Value