Blender Bites (FRA:JL4) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


FRA:JL4 Blender Bites Ltd FRA:JL4
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What is Blender Bites Beneish M-Score?

Blender Bites FRA:JL4 10 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates FRA:JL4 with a GF Score™ of 10/100.

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.

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

During the past 13 years, the highest Beneish M-Score of Blender Bites was 0.00. The lowest was 0.00. And the median was 0.00.

Blender Bites Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Blender Bites'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.

Blender Bites Beneish M-Score Chart

Blender Bites Annual Data
Trend Nov14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Oct21 Oct22 Oct23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -6.59

Blender Bites Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -7.85 -6.59 3.98 10.52 12.99

FRA:JL4 vs JBS, KHC, K: Beneish M-Score Comparison

For the Packaged Foods subindustry, Blender Bites'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.

Blender Bites Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Blender Bites's Beneish M-Score distribution charts can be found below:

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


FRA:JL4
10GF Score
Blender Bites Ltd FRA:JL4
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Blender Bites 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 Blender Bites 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 * 0.7652+0.528 * 1.8473+0.404 * 36.6655+0.892 * 1.9924+0.115 * 0.7972
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.274+4.679 * -0.050887-0.327 * 1.1265
=12.87

* 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 (Jul24) TTM:Last Year (Jul23) TTM:
Total Receivables was €1.30 Mil.
Revenue was 1.33 + 1.001 + 0.393 + 0.97 = €3.69 Mil.
Gross Profit was 0.359 + 0.28 + 0.098 + 0.059 = €0.80 Mil.
Total Current Assets was €2.52 Mil.
Total Assets was €5.97 Mil.
Property, Plant and Equipment(Net PPE) was €0.53 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.06 Mil.
Selling, General, & Admin. Expense(SGA) was €3.20 Mil.
Total Current Liabilities was €3.07 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was -0.789 + -0.374 + -0.424 + -1.062 = €-2.65 Mil.
Non Operating Income was 0 + 0 + 0 + 0.05 = €0.05 Mil.
Cash Flow from Operations was -0.1 + -1.143 + -0.421 + -0.731 = €-2.40 Mil.
 Total Receivables was €0.85 Mil.
Revenue was 0.875 + 0.147 + 0.304 + 0.528 = €1.85 Mil.
Gross Profit was 0.342 + 0.008 + 0.087 + 0.301 = €0.74 Mil.
Total Current Assets was €2.50 Mil.
Total Assets was €3.14 Mil.
Property, Plant and Equipment(Net PPE) was €0.60 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.06 Mil.
Selling, General, & Admin. Expense(SGA) was €5.87 Mil.
Total Current Liabilities was €1.43 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)
=(1.302 / 3.694) / (0.854 / 1.854)
=0.352463 / 0.460626
=0.7652

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)
=(0.738 / 1.854) / (0.796 / 3.694)
=0.398058 / 0.215485
=1.8473

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 - (2.515 + 0.53) / 5.974) / (1 - (2.503 + 0.596) / 3.141)
=0.490291 / 0.013372
=36.6655

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
=3.694 / 1.854
=1.9924

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))
=(0.056 / (0.056 + 0.596)) / (0.064 / (0.064 + 0.53))
=0.08589 / 0.107744
=0.7972

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)
=(3.203 / 3.694) / (5.868 / 1.854)
=0.867082 / 3.165049
=0.274

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 + 3.068) / 5.974) / ((0 + 1.432) / 3.141)
=0.513559 / 0.455906
=1.1265

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
=(-2.649 - 0.05 - -2.395) / 5.974
=-0.050887

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.

Blender Bites has a M-score of 12.87 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 0.00 mean?
Blender Bites (FRA:JL4) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Blender Bites and its competitors.
Is Blender Bites' Beneish M-Score too high?
Blender Bites' current Beneish M-Score is 0.00. Overall, Blender Bites has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Blender Bites' Beneish M-Score compare to JBS and KHC?
Blender Bites' Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Blender Bites and its competitors. Blender Bites's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blender Bites stock overvalued right now?
Blender Bites (FRA:JL4) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Blender Bites' overall GF Score™ is 10/100. 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 Blender Bites (FRA:JL4), the current Beneish M-Score is 0.00 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.

Blender Bites Business Description

Address 1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5
Blender Bites Ltd is functional foods company which is focused on the manufacturing and distribution of natural and organic frozen smoothie products. The Company is operating its business in one reportable segment: the sale of functional frozen beverages.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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