Coastal Financial (FRA:1VD) Beneish M-Score: -2.33 (As of Aug. 24, 2026)

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FRA:1VD Coastal Financial Corp FRA:1VD
61 GF Score
Price €38.60
GF Value €72.62
! 1 Warning Sign
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What is Coastal Financial Beneish M-Score?

Coastal Financial FRA:1VD -2.53% 61 Beneish M-Score is -2.33 as of Aug. 24, 2026. GuruFocus rates FRA:1VD with a GF Score™ of 61/100 and a GF Value™ of €72.62. The stock has 1 warning sign investors should review. Among 1,394 Banks companies, Coastal Financial ranks worse than 63.7% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:1VD' s Beneish M-Score Range Over the Past 10 Years
Min: -2.82   Med: -2.28   Max: 1.73
Current: -2.33

During the past 10 years, the highest Beneish M-Score of Coastal Financial was 1.73. The lowest was -2.82. And the median was -2.28.

FRA:1VD
61GF Score
Coastal Financial Corp FRA:1VD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Coastal Financial 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 Coastal Financial 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 * 1.4012+0.528 * 1+0.404 * 1.0021+0.892 * 1.0355+0.115 * 0.5579
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0537+4.679 * -0.049807-0.327 * 0.8152
=-2.31

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was €42.6 Mil.
Revenue was 115.75 + 94.661 + 90.251 + 93.474 = €394.1 Mil.
Gross Profit was 115.75 + 94.661 + 90.251 + 93.474 = €394.1 Mil.
Total Current Assets was €0.0 Mil.
Total Assets was €4,735.9 Mil.
Property, Plant and Equipment(Net PPE) was €26.1 Mil.
Depreciation, Depletion and Amortization(DDA) was €9.8 Mil.
Selling, General, & Admin. Expense(SGA) was €83.5 Mil.
Total Current Liabilities was €0.0 Mil.
Long-Term Debt & Capital Lease Obligation was €45.7 Mil.
Net Income was -36.547 + 10.396 + 10.797 + 11.58 = €-3.8 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0.0 Mil.
Cash Flow from Operations was 66.709 + 65.718 + 49.379 + 50.305 = €232.1 Mil.
 Total Receivables was €29.4 Mil.
Revenue was 72.952 + 97.161 + 105.732 + 104.769 = €380.6 Mil.
Gross Profit was 72.952 + 97.161 + 105.732 + 104.769 = €380.6 Mil.
Total Current Assets was €0.0 Mil.
Total Assets was €3,884.6 Mil.
Property, Plant and Equipment(Net PPE) was €29.4 Mil.
Depreciation, Depletion and Amortization(DDA) was €5.3 Mil.
Selling, General, & Admin. Expense(SGA) was €76.6 Mil.
Total Current Liabilities was €0.0 Mil.
Long-Term Debt & Capital Lease Obligation was €46.0 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)
=(42.594 / 394.136) / (29.355 / 380.614)
=0.108069 / 0.077125
=1.4012

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)
=(380.614 / 380.614) / (394.136 / 394.136)
=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 - (0 + 26.13) / 4735.94) / (1 - (0 + 29.429) / 3884.645)
=0.994483 / 0.992424
=1.0021

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
=394.136 / 380.614
=1.0355

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))
=(5.29 / (5.29 + 29.429)) / (9.818 / (9.818 + 26.13))
=0.152366 / 0.273117
=0.5579

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)
=(83.53 / 394.136) / (76.555 / 380.614)
=0.211932 / 0.201136
=1.0537

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)
=((45.686 + 0) / 4735.94) / ((45.971 + 0) / 3884.645)
=0.009647 / 0.011834
=0.8152

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
=(-3.774 - 0 - 232.111) / 4735.94
=-0.049807

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.

Coastal Financial has a M-score of -2.31 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 -2.33 mean?
Coastal Financial (FRA:1VD) has a Beneish M-Score of -2.33 as of Aug. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coastal Financial and its competitors. According to the industry distribution chart, Coastal Financial ranks #888 out of 1394 companies in the Banks industry, placing it in the top 63.7%.
Is Coastal Financial's Beneish M-Score too high?
Coastal Financial's current Beneish M-Score is -2.33. Based on the distribution chart, Coastal Financial ranks #888 out of 1394 companies in the Banks industry, which is below the industry midpoint. Overall, Coastal Financial has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Coastal Financial's Beneish M-Score compare to NBN and AMTB?
According to the Banks industry distribution chart, Coastal Financial ranks #888 out of 1394 companies for Beneish M-Score. This places Coastal Financial 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Coastal Financial and its competitors. Coastal Financial's current Beneish M-Score is -2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coastal Financial stock overvalued right now?
Coastal Financial (FRA:1VD) has a current Beneish M-Score of -2.33. The stock's GF Value™ is €72.62, compared to a current price of €38.60 — trading 46.8% below its estimated fair value. The current Beneish M-Score is -2.33. Coastal Financial's overall GF Score™ is 61/100 with 1 warning sign 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 Coastal Financial (FRA:1VD), the current Beneish M-Score is -2.33 as of Aug. 24, 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 Coastal Financial (FRA:1VD) Overvalued in 2026?

Based on GuruFocus' analysis, Coastal Financial stock appears to be undervalued. The current stock price of €38.60 is trading 46.8% below its estimated GF Value™ of €72.62.

Key valuation signals for FRA:1VD:

  • Beneish M-Score: -2.33
  • GF Value™: €72.62 vs. price of €38.60 (46.8% below fair value)
  • GF Score™: 61/100 with 1 warning sign

No single metric tells the full story. See the FRA:1VD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Coastal Financial Business Description

Other Exchanges CCB:USA
Address 5415 Evergreen Way, Everett, WA, USA, 98203
Coastal Financial Corp is a bank holding company. Through its subsidiaries, the company conducts its business in three reportable segments which include, Community Bank, CCBX, and Treasury and Administration. The Community Bank segment includes all community banking activities, with a primary focus on providing various banking products and services to consumers and small to medium-sized businesses. The CCBX segment provides Banking as a Service (BaaS) that allows its broker dealers and digital financial service partners to offer their customers banking services, and the Treasury and administration segment includes treasury management, overall administration, and all other aspects of the company.
61GF Score

Get the complete analysis for FRA:1VD

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

€38.60
Price
€72.62
GF Value