CFFS (CF Acquisition VII) Beneish M-Score : 0.00 (As of Dec. 15, 2024)

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What is CF Acquisition VII Beneish M-Score?

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 CF Acquisition VII's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of CF Acquisition VII was 0.00. The lowest was 0.00. And the median was 0.00.

CF Acquisition VII Beneish M-Score Historical Data

The historical data trend for CF Acquisition VII'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.

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CF Acquisition VII Beneish M-Score Chart

CF Acquisition VII Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

CF Acquisition VII Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of CF Acquisition VII's Beneish M-Score

For the Shell Companies subindustry, CF Acquisition VII'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.

CF Acquisition VII's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, CF Acquisition VII's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where CF Acquisition VII's Beneish M-Score falls into.

CF Acquisition VII 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 CF Acquisition VII for today is based on a combination of the following eight different indices:

-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 *

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was $0.12 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.42 Mil.
Total Assets was $59.99 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.18 Mil.
Total Current Liabilities was $12.74 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.167 + 0.152 + -4.26 + 1.229 = $-2.71 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0.00 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.34 Mil.
Total Assets was $153.47 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.33 Mil.
Total Current Liabilities was $8.90 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
	=	(0.123 / 0)	/	(0 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.422 + 0) / 59.989)	/	(1 - (0.338 + 0) / 153.472)
	=	0.992965	/	0.997798
	=

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
	=	0	/	0
	=

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 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(1.179 / 0)	/	(1.326 / 0)
	=		/
	=

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 + 12.737) / 59.989)	/	((0 + 8.901) / 153.472)
	=	0.212322	/	0.057998
	=

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
	=	(-2.712 - 0	-	0)	/	59.989
	=	-0.045208

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.

CF Acquisition VII Beneish M-Score Related Terms

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CF Acquisition VII Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CF Acquisition Corp VII (NAS:CFFS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East 59th Street, New York, NY, USA, 10022

Website

CF Acquisition Corp VII is a blank check company.

Executives

Douglas R. Barnard	director	CF ACQUISITION CORP. VI, 110 EAST 59TH STREET, NEW YORK NY 10022
Steven Bisgay	director	545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Howard W Lutnick	director, 10 percent owner, officer: Chief Executive Officer
Cantor Fitzgerald, L. P.	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Cf Group Management Inc	10 percent owner	135 EAST 57TH ST, NEW YORK NY 10022
Robert Guy Sharp	director	110 EAST 59TH STREET, NEW YORK NY 10022
Anshu Jain	director, officer: President	110 EAST 59TH STREET, NEW YORK NY 10022
Jane Novak	officer: Chief Financial Officer	110 EAST 59TH STREET, NEW YORK NY 10022
Natasha Cornstein	director	CF ACQUISITION CORP. V, 110 EAST 59TH STREET, NEW YORK NY 10022
Cfac Holdings Vii, Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022

CF Acquisition VII Headlines

From GuruFocus

CF Acquisition Corp. VII Announces Closing of $182.5 Million Initial Public Offering

By PRNewswire PRNewswire • 12-20-2021

Walleye Capital LLC Acquires Shares in CF Acquisition Corp VII

By GuruFocus News • 11-14-2024

CF Acquisition Corp. VII Announces That its Trust Account Will Not Be Decreased Due to Excise Tax

By PRNewswire PRNewswire • 06-07-2023

CF Acquisition Corp. VII Announces Postponement of its Special Meeting of Stockholders and Extension of Redemption Date

By PRNewswire PRNewswire • 06-12-2023

CF Acquisition Corp. VII Announces Pricing of $175 Million Initial Public Offering

By PRNewswire PRNewswire • 12-15-2021

CF Acquisition Corp. VII Announces Separate Trading of Class A Common Stock and Warrants

By PRNewswire PRNewswire • 02-02-2022