Coro Energy (FRA:8YY) Beneish M-Score: 14.80 (As of Jun. 27, 2026)

What is Coro Energy Beneish M-Score?

Coro Energy FRA:8YY Beneish M-Score is 14.80 as of Jun. 27, 2026. The stock has 5 warning signs investors should review. Among 822 Oil & Gas companies, Coro Energy ranks worse than 98.54% 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.

Warning Sign:

Beneish M-Score 14.8 higher than -1.78, which implies that the company might have manipulated its financial results.

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

FRA:8YY' s Beneish M-Score Range Over the Past 10 Years
Min: -39.45 Med: -4.08 Max: 14.8
Current: 14.8

During the past 13 years, the highest Beneish M-Score of Coro Energy was 14.80. The lowest was -39.45. And the median was -4.08.

Coro Energy Beneish M-Score Related Terms

Coro Energy Beneish M-Score Historical Data

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The historical data trend for Coro Energy'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.

Coro Energy Beneish M-Score Chart

Coro Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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0.00

5.08

-19.80

14.80

Coro Energy Semi-Annual Data
	Dec15	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															5.08	0.00	-19.80	0.00	14.80

FRA:8YY vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Coro Energy'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.

Coro Energy Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Coro Energy's Beneish M-Score distribution charts can be found below:

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

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Coro Energy 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 Coro Energy 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 * 0.8864

0.528 * 1.1218

0.404 * 0.1923

0.892 * 1.9366

0.115 * 1.4521

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6877

4.679 * 3.473684

0.327 * 0.0333

14.66

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was €0.10 Mil.
Revenue was €0.55 Mil.
Gross Profit was €0.35 Mil.
Total Current Assets was €1.07 Mil.
Total Assets was €4.20 Mil.
Property, Plant and Equipment(Net PPE) was €2.90 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €1.72 Mil.
Total Current Liabilities was €0.82 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €12.44 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-2.14 Mil.

Total Receivables was €0.06 Mil.
Revenue was €0.28 Mil.
Gross Profit was €0.20 Mil.
Total Current Assets was €0.58 Mil.
Total Assets was €5.48 Mil.
Property, Plant and Equipment(Net PPE) was €3.33 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.01 Mil.
Selling, General, & Admin. Expense(SGA) was €1.29 Mil.
Total Current Liabilities was €32.24 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)
	=	(0.103 / 0.55)	/	(0.06 / 0.284)
	=	0.187273	/	0.211268
	=	0.8864

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)
	=	(0.201 / 0.284)	/	(0.347 / 0.55)
	=	0.707746	/	0.630909
	=	1.1218

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 - (1.068 + 2.9) / 4.199)	/	(1 - (0.584 + 3.328) / 5.48)
	=	0.055013	/	0.286131
	=	0.1923

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
	=	0.55	/	0.284
	=	1.9366

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))
	=	(0.005 / (0.005 + 3.328))	/	(0.003 / (0.003 + 2.9))
	=	0.0015	/	0.001033
	=	1.4521

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)
	=	(1.718 / 0.55)	/	(1.29 / 0.284)
	=	3.123636	/	4.542254
	=	0.6877

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 + 0.822) / 4.199)	/	((0 + 32.243) / 5.48)
	=	0.195761	/	5.883759
	=	0.0333

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
	=	(12.444 - 0	-	-2.142)	/	4.199
	=	3.473684

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.

Coro Energy has a M-score of 14.66 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 14.80 mean?

Coro Energy (FRA:8YY) has a Beneish M-Score of 14.80 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coro Energy and its competitors. According to the industry distribution chart, Coro Energy ranks #810 out of 822 companies in the Oil & Gas industry, placing it in the top 98.5%.

Is Coro Energy's Beneish M-Score too high?

Coro Energy's current Beneish M-Score is 14.80. Based on the distribution chart, Coro Energy ranks #810 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.

How does Coro Energy's Beneish M-Score compare to COP and EOG?

According to the Oil & Gas industry distribution chart, Coro Energy ranks #810 out of 822 companies for Beneish M-Score. This places Coro Energy 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 an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Coro Energy and its competitors. Coro Energy's current Beneish M-Score is 14.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Coro Energy stock overvalued right now?

Based on GuruFocus' analysis, Coro Energy (FRA:8YY) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.16, compared to a current price of €0.04 — trading 77.5% below its estimated fair value. The current Beneish M-Score is 14.80. 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 Coro Energy (FRA:8YY), the current Beneish M-Score is 14.80 as of Jun. 27, 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.

Coro Energy Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:BCE LSE:AST LSE:SOU LSE:UKOG LSE:WCAT LSE:EME LSE:WTE LSE:UJO LSE:BUCE LSE:SYN HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges CORO:UK

Address 1 Park Row, c/o Pinsent Masons LLP, Leeds, GBR, LS1 5AB

Website https://www.coroenergyplc.com

Coro Energy PLC is an oil and gas exploration company focused on delivering long-term production of natural gas. The company has three geographic business units, upstream gas operations in Italy, upstream gas and renewables operations in Southeast Asia. It generates maximum revenue from Asia.