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Mobimo Holding AG (CHIX:MOBNZ) Beneish M-Score : -2.51 (As of Apr. 01, 2025)


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What is Mobimo Holding AG 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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:MOBNz' s Beneish M-Score Range Over the Past 10 Years
Min: -2.94   Med: -2.4   Max: 0.39
Current: -2.51

During the past 13 years, the highest Beneish M-Score of Mobimo Holding AG was 0.39. The lowest was -2.94. And the median was -2.40.


Mobimo Holding AG Beneish M-Score Historical Data

The historical data trend for Mobimo Holding AG'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.

Mobimo Holding AG Beneish M-Score Chart

Mobimo Holding AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.17 -2.29 -2.76 -2.03 -2.51

Mobimo Holding AG Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.76 - -2.03 - -2.51

Competitive Comparison of Mobimo Holding AG's Beneish M-Score

For the Real Estate Services subindustry, Mobimo Holding AG'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.


Mobimo Holding AG's Beneish M-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mobimo Holding AG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Mobimo Holding AG's Beneish M-Score falls into.


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Mobimo Holding AG 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 Mobimo Holding AG 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 * 0.8352+0.528 * 1.0659+0.404 * 0.998+0.892 * 1.0937+0.115 * 0.9748
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9857+4.679 * 0.001164-0.327 * 1.0095
=-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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was CHF67.2 Mil.
Revenue was CHF247.7 Mil.
Gross Profit was CHF163.9 Mil.
Total Current Assets was CHF424.7 Mil.
Total Assets was CHF3,967.3 Mil.
Property, Plant and Equipment(Net PPE) was CHF15.3 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF4.6 Mil.
Selling, General, & Admin. Expense(SGA) was CHF2.1 Mil.
Total Current Liabilities was CHF358.6 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,412.6 Mil.
Net Income was CHF125.2 Mil.
Gross Profit was CHF0.0 Mil.
Cash Flow from Operations was CHF120.6 Mil.
Total Receivables was CHF73.6 Mil.
Revenue was CHF226.5 Mil.
Gross Profit was CHF159.8 Mil.
Total Current Assets was CHF400.1 Mil.
Total Assets was CHF3,817.2 Mil.
Property, Plant and Equipment(Net PPE) was CHF16.2 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF4.7 Mil.
Selling, General, & Admin. Expense(SGA) was CHF2.0 Mil.
Total Current Liabilities was CHF361.6 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,326.7 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)
=(67.24 / 247.659) / (73.609 / 226.451)
=0.271502 / 0.325055
=0.8352

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)
=(159.754 / 226.451) / (163.913 / 247.659)
=0.705468 / 0.66185
=1.0659

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 - (424.679 + 15.286) / 3967.283) / (1 - (400.123 + 16.224) / 3817.181)
=0.889102 / 0.890928
=0.998

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
=247.659 / 226.451
=1.0937

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))
=(4.714 / (4.714 + 16.224)) / (4.591 / (4.591 + 15.286))
=0.225141 / 0.23097
=0.9748

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)
=(2.144 / 247.659) / (1.989 / 226.451)
=0.008657 / 0.008783
=0.9857

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)
=((1412.637 + 358.623) / 3967.283) / ((1326.703 + 361.585) / 3817.181)
=0.446467 / 0.442287
=1.0095

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
=(125.194 - 0 - 120.576) / 3967.283
=0.001164

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.

Mobimo Holding AG has a M-score of -2.51 suggests that the company is unlikely to be a manipulator.


Mobimo Holding AG Beneish M-Score Related Terms

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Mobimo Holding AG Business Description

Traded in Other Exchanges
Address
Rutligasse 1, Lucerne 7, Lucerne, CHE, 6000
Mobimo Holding AG is a Switzerland-based company. The company's business activities consist of the long-term holding and management of commercial and residential properties, the development of commercial and residential properties for its portfolio and third-party investors, and the construction and sale of owner-occupied residential properties. The company operates in two reportable segments; Real estate and Development. The Real Estate segment, which derives key revenue, shows the profit from investment properties held on a long-term basis to generate rental income. The Development segment shows the profit from investment properties under construction for the company's portfolio, development for institutional and private investors, and the construction and sale of condominium apartments.

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