Coats Group (CHIX:COAL) Beneish M-Score: -2.51 (As of Jun. 26, 2026)

What is Coats Group Beneish M-Score?

Coats Group CHIX:COAL +1.19% 61 Beneish M-Score is -2.51 as of Jun. 26, 2026. GuruFocus rates CHIX:COAL with a GF Score™ of 61/100 and a GF Value™ of £0.74 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Coats Group ranks better than 50.45% 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 Coats Group's Beneish M-Score or its related term are showing as below:

CHIX:COAl' s Beneish M-Score Range Over the Past 10 Years
Min: -2.72 Med: -2.55 Max: -1.15
Current: -2.51

During the past 13 years, the highest Beneish M-Score of Coats Group was -1.15. The lowest was -2.72. And the median was -2.55.

Coats Group Beneish M-Score Related Terms

Coats Group Beneish M-Score Historical Data

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The historical data trend for Coats Group'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.

Coats Group Beneish M-Score Chart

Coats Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.38

-2.58

-2.72

-2.62

-2.51

Coats Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-2.72	0.00	-2.62	0.00	-2.51

CHIX:COAL vs AIN: Beneish M-Score Comparison

For the Textile Manufacturing subindustry, Coats Group'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.

Coats Group Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Coats Group's Beneish M-Score distribution charts can be found below:

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

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61GF Score

Coats Group PLC CHIX:COAL

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Coats Group 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 Coats Group 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 * 1.1792

0.528 * 0.8692

0.404 * 1.3532

0.892 * 0.9217

0.115 * 1.0706

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0451

4.679 * -0.046894

0.327 * 0.9348

-2.51

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was £251 Mil.
Revenue was £1,094 Mil.
Gross Profit was £429 Mil.
Total Current Assets was £556 Mil.
Total Assets was £1,932 Mil.
Property, Plant and Equipment(Net PPE) was £242 Mil.
Depreciation, Depletion and Amortization(DDA) was £52 Mil.
Selling, General, & Admin. Expense(SGA) was £213 Mil.
Total Current Liabilities was £355 Mil.
Long-Term Debt & Capital Lease Obligation was £835 Mil.
Net Income was £77 Mil.
Gross Profit was £0 Mil.
Cash Flow from Operations was £168 Mil.

Total Receivables was £231 Mil.
Revenue was £1,187 Mil.
Gross Profit was £404 Mil.
Total Current Assets was £488 Mil.
Total Assets was £1,274 Mil.
Property, Plant and Equipment(Net PPE) was £234 Mil.
Depreciation, Depletion and Amortization(DDA) was £55 Mil.
Selling, General, & Admin. Expense(SGA) was £221 Mil.
Total Current Liabilities was £316 Mil.
Long-Term Debt & Capital Lease Obligation was £523 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)
	=	(251.216 / 1094.28)	/	(231.13 / 1187.212)
	=	0.229572	/	0.194683
	=	1.1792

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)
	=	(404.201 / 1187.212)	/	(428.629 / 1094.28)
	=	0.340462	/	0.3917
	=	0.8692

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 - (555.544 + 241.804) / 1932.265)	/	(1 - (487.572 + 233.503) / 1274.064)
	=	0.587351	/	0.434035
	=	1.3532

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
	=	1094.28	/	1187.212
	=	0.9217

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))
	=	(55.054 / (55.054 + 233.503))	/	(52.439 / (52.439 + 241.804))
	=	0.190791	/	0.178217
	=	1.0706

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)
	=	(213.112 / 1094.28)	/	(221.243 / 1187.212)
	=	0.194751	/	0.186355
	=	1.0451

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)
	=	((835.071 + 355.423) / 1932.265)	/	((523.405 + 316.321) / 1274.064)
	=	0.616113	/	0.659092
	=	0.9348

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
	=	(77.24 - 0	-	167.851)	/	1932.265
	=	-0.046894

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.

Coats Group 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?

Coats Group (CHIX:COAL) has a Beneish M-Score of -2.51 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coats Group and its competitors. According to the industry distribution chart, Coats Group ranks #496 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 49.6%.

Is Coats Group's Beneish M-Score too high?

Coats Group's current Beneish M-Score is -2.51. Based on the distribution chart, Coats Group ranks #496 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Coats Group has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Coats Group's Beneish M-Score compare to AIN?

According to the Manufacturing - Apparel & Accessories industry distribution chart, Coats Group ranks #496 out of 1001 companies for Beneish M-Score. This puts Coats Group in the upper 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 Manufacturing - Apparel & Accessories company?

A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Coats Group and its competitors. Coats Group'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 Coats Group stock overvalued right now?

Based on GuruFocus' analysis, Coats Group (CHIX:COAL) is currently considered Fairly Valued. The stock's GF Value™ is £0.74, compared to a current price of £0.79 — trading 6.2% above its estimated fair value. The current Beneish M-Score is -2.51. Coats Group's overall GF Score™ is 61/100 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 Coats Group (CHIX:COAL), the current Beneish M-Score is -2.51 as of Jun. 26, 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 Coats Group (CHIX:COAL) Overvalued in 2026?

Based on GuruFocus' analysis, Coats Group stock appears to be overvalued. The current stock price of £0.79 is trading 6.2% above its estimated GF Value™ of £0.74. GuruFocus considers Coats Group to be Fairly Valued.

Key valuation signals for CHIX:COAL:

Beneish M-Score: -2.51
GF Value™: £0.74 vs. price of £0.79 (6.2% above fair value)
GF Score™: 61/100 with 3 warning signs

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

Coats Group Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies LSE:AIEA SZSE:301526 TSE:3402 HKSE:02313 SHSE:601233 SHSE:603306 TSE:3110 SHSE:600295 TPE:1402 SZSE:000158 BOM:532889 IST:SASA SHSE:600120 AIN BOM:502986 SHSE:605006 SZSE:000949 SHSE:601339 SZSE:000420 SZSE:300819

Other Exchanges CGGGF:USA COA:UK 4TC:Germany

Address 14 Aldermanbury Square, 4th Floor, London, GBR, EC2V 7HS

Website https://www.coats.com

Coats Group PLC is a firm manufacturing thread for industrial and consumer use. Its product portfolio includes industrial thread and knitting yarns used in the apparel and footwear industries, zips, trims, composites, and fabrics. The company's customers are grouped into two segments; Apparel which is also the key revenue generating customer segment and Footwear. The company generates a majority of its revenue from China and Hong Kong and the rest from Vietnam, India, United Kingdom and other regions.

61GF Score

Get the complete analysis for CHIX:COAL

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

£0.79

Price

£0.74

GF Value

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