Lodgyslife AG (HAM:IRPA) Beneish M-Score: -2.96 (As of Jun. 26, 2026)


HAM:IRPA Lodgyslife AG HAM:IRPA
38 GF Score
Price €5.00
GF Value €49.55
Valuation Possible Value Trap
! 5 Warning Signs
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What is Lodgyslife AG Beneish M-Score?

Lodgyslife AG HAM:IRPA 38 Beneish M-Score is -2.96 as of Jun. 26, 2026. GuruFocus rates HAM:IRPA with a GF Score™ of 38/100 and a GF Value™ of €49.55 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 954 Asset Management companies, Lodgyslife AG ranks better than 81.24% 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.

Good Sign:

Beneish M-Score -2.96 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HAM:IRPA' s Beneish M-Score Range Over the Past 10 Years
Min: -2.96   Med: -1.7   Max: 18.76
Current: -2.96

During the past 6 years, the highest Beneish M-Score of Lodgyslife AG was 18.76. The lowest was -2.96. And the median was -1.70.

Lodgyslife AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Lodgyslife 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.

Lodgyslife AG Beneish M-Score Chart

Lodgyslife AG Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.89 -0.51 18.76 -2.96

Lodgyslife AG Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec23 Dec24
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.89 -0.51 18.76 -2.96

HAM:IRPA vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Lodgyslife 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.

Lodgyslife AG Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Lodgyslife AG's Beneish M-Score distribution charts can be found below:

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


HAM:IRPA
38GF Score
Lodgyslife AG HAM:IRPA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lodgyslife 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 Lodgyslife 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 * 1.0525+0.528 * 0.7508+0.404 * 1.2052+0.892 * 1.4191+0.115 * 1.15
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.4115+4.679 * -0.215267-0.327 * 0.8836
=-2.96

* 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 €0.92 Mil.
Revenue was €18.11 Mil.
Gross Profit was €7.14 Mil.
Total Current Assets was €2.43 Mil.
Total Assets was €44.19 Mil.
Property, Plant and Equipment(Net PPE) was €20.35 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.31 Mil.
Selling, General, & Admin. Expense(SGA) was €2.85 Mil.
Total Current Liabilities was €6.19 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €-8.81 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.70 Mil.
 Total Receivables was €0.62 Mil.
Revenue was €12.76 Mil.
Gross Profit was €3.78 Mil.
Total Current Assets was €10.27 Mil.
Total Assets was €44.46 Mil.
Property, Plant and Equipment(Net PPE) was €16.32 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.17 Mil.
Selling, General, & Admin. Expense(SGA) was €4.88 Mil.
Total Current Liabilities was €7.05 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)
=(0.923 / 18.106) / (0.618 / 12.759)
=0.050978 / 0.048436
=1.0525

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)
=(3.776 / 12.759) / (7.137 / 18.106)
=0.295948 / 0.394179
=0.7508

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 - (2.431 + 20.35) / 44.187) / (1 - (10.274 + 16.317) / 44.464)
=0.484441 / 0.401966
=1.2052

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
=18.106 / 12.759
=1.4191

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))
=(2.166 / (2.166 + 16.317)) / (2.309 / (2.309 + 20.35))
=0.117189 / 0.101902
=1.15

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)
=(2.85 / 18.106) / (4.881 / 12.759)
=0.157406 / 0.382553
=0.4115

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 + 6.192) / 44.187) / ((0 + 7.052) / 44.464)
=0.140132 / 0.1586
=0.8836

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
=(-8.809 - 0 - 0.703) / 44.187
=-0.215267

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.

Lodgyslife AG has a M-score of -2.96 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 -2.96 mean?
Lodgyslife AG (HAM:IRPA) has a Beneish M-Score of -2.96 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lodgyslife AG and its competitors. According to the industry distribution chart, Lodgyslife AG ranks #179 out of 954 companies in the Asset Management industry, placing it in the top 18.8%.
Is Lodgyslife AG's Beneish M-Score too high?
Lodgyslife AG's current Beneish M-Score is -2.96. Based on the distribution chart, Lodgyslife AG ranks #179 out of 954 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Lodgyslife AG has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lodgyslife AG's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Lodgyslife AG ranks #179 out of 954 companies for Beneish M-Score. This places Lodgyslife AG in the top 19% of its industry — outperforming the majority of peers. 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Lodgyslife AG and its competitors. Lodgyslife AG's current Beneish M-Score is -2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lodgyslife AG stock overvalued right now?
Based on GuruFocus' analysis, Lodgyslife AG (HAM:IRPA) is currently considered Possible Value Trap. The stock's GF Value™ is €49.55, compared to a current price of €5.00 — trading 89.9% below its estimated fair value. The current Beneish M-Score is -2.96. Lodgyslife AG's overall GF Score™ is 38/100 with 5 warning signs 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 Lodgyslife AG (HAM:IRPA), the current Beneish M-Score is -2.96 as of Jun. 26, 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 Lodgyslife AG (HAM:IRPA) Overvalued in 2026?

Based on GuruFocus' analysis, Lodgyslife AG stock appears to be undervalued. The current stock price of €5.00 is trading 89.9% below its estimated GF Value™ of €49.55. GuruFocus considers Lodgyslife AG to be Possible Value Trap.

Key valuation signals for HAM:IRPA:

  • Beneish M-Score: -2.96
  • GF Value™: €49.55 vs. price of €5.00 (89.9% below fair value)
  • GF Score™: 38/100 with 5 warning signs

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

Lodgyslife AG Business Description

Address Hausener Weg 29, Frankfurt am Main, DEU, 60489
Lodgyslife AG formerly Ferax Capital AG is an investment company. It is focused on venture capital investments in Germany. The company invests in IPO candidates and high growth potential listed companies.
38GF Score

Get the complete analysis for HAM:IRPA

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

€5.00
Price
€49.55
GF Value