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IONOS Group SE (CHIX:IOSD) Beneish M-Score : -2.94 (As of Jun. 15, 2025)


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What is IONOS Group SE 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.

Good Sign:

Beneish M-Score -2.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:IOSd' s Beneish M-Score Range Over the Past 10 Years
Min: -4.02   Med: -2.94   Max: -2.89
Current: -2.94

During the past 3 years, the highest Beneish M-Score of IONOS Group SE was -2.89. The lowest was -4.02. And the median was -2.94.


IONOS Group SE Beneish M-Score Historical Data

The historical data trend for IONOS Group SE'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.

* Premium members only.

IONOS Group SE Beneish M-Score Chart

IONOS Group SE Annual Data
Trend Dec22 Dec23 Dec24
Beneish M-Score
- - -2.90

IONOS Group SE Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.89 -4.02 -3.78 -2.90 -2.94

Competitive Comparison of IONOS Group SE's Beneish M-Score

For the Information Technology Services subindustry, IONOS Group SE'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.


IONOS Group SE's Beneish M-Score Distribution in the Software Industry

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

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


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IONOS Group SE 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 IONOS Group SE 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 * 0.9404+0.528 * 1.026+0.404 * 0.9957+0.892 * 1.1322+0.115 * 0.9537
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8812+4.679 * -0.114447-0.327 * 1.043
=-2.94

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was €220 Mil.
Revenue was 446.308 + 418.693 + 389.994 + 378.645 = €1,634 Mil.
Gross Profit was 219.724 + 197.359 + 186.043 + 184.74 = €788 Mil.
Total Current Assets was €318 Mil.
Total Assets was €1,680 Mil.
Property, Plant and Equipment(Net PPE) was €308 Mil.
Depreciation, Depletion and Amortization(DDA) was €112 Mil.
Selling, General, & Admin. Expense(SGA) was €230 Mil.
Total Current Liabilities was €388 Mil.
Long-Term Debt & Capital Lease Obligation was €798 Mil.
Net Income was 50.709 + 47.055 + 48.778 + 39.718 = €186 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 77.242 + 101.099 + 95.86 + 104.386 = €379 Mil.
Total Receivables was €207 Mil.
Revenue was 372.969 + 365.025 + 350.065 + 354.85 = €1,443 Mil.
Gross Profit was 190.927 + 179.529 + 174.016 + 169.5 = €714 Mil.
Total Current Assets was €301 Mil.
Total Assets was €1,668 Mil.
Property, Plant and Equipment(Net PPE) was €317 Mil.
Depreciation, Depletion and Amortization(DDA) was €108 Mil.
Selling, General, & Admin. Expense(SGA) was €231 Mil.
Total Current Liabilities was €331 Mil.
Long-Term Debt & Capital Lease Obligation was €797 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)
=(220.075 / 1633.64) / (206.71 / 1442.909)
=0.134715 / 0.143259
=0.9404

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)
=(713.972 / 1442.909) / (787.866 / 1633.64)
=0.494814 / 0.482276
=1.026

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 - (318.495 + 308.453) / 1680.483) / (1 - (300.967 + 316.63) / 1667.621)
=0.626924 / 0.629654
=0.9957

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
=1633.64 / 1442.909
=1.1322

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))
=(108.172 / (108.172 + 316.63)) / (112.362 / (112.362 + 308.453))
=0.254641 / 0.26701
=0.9537

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)
=(230.241 / 1633.64) / (230.765 / 1442.909)
=0.140937 / 0.15993
=0.8812

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)
=((797.886 + 387.926) / 1680.483) / ((796.76 + 331.443) / 1667.621)
=0.705638 / 0.676534
=1.043

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
=(186.26 - 0 - 378.587) / 1680.483
=-0.114447

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.

IONOS Group SE has a M-score of -2.94 suggests that the company is unlikely to be a manipulator.


IONOS Group SE Beneish M-Score Related Terms

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IONOS Group SE Business Description

Traded in Other Exchanges
Address
Elgendorfer Strasse 57, Montabaur, NW, DEU, 56410
IONOS Group SE is an international digitalization partner and cloud enabler for small and medium-sized enterprises (SMEs), as well as for individual users and larger corporate customers. It offers a comprehensive product portfolio in the areas of web presence and productivity, as well as cloud solutions, which is further supported by customer care and infrastructure. In addition, IONOS offers an online marketplace for buying, selling, and parking domains. The company's operating segments include Digital Solutions & Cloud and AdTech. Key revenue is derived from the Digital Solutions & Cloud segment, which offers its customers customized server products and other solutions to set up an online presence and maintain their IT infrastructure. Geographically, it derives key revenue from Germany.

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