Amedeo Air Four Plus (LSE:AA4) Beneish M-Score: -3.36 (As of Jun. 26, 2026)


LSE:AA4 Amedeo Air Four Plus Ltd LSE:AA4
30 GF Score
Price £0.72
GF Value £0.46
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Amedeo Air Four Plus Beneish M-Score?

Amedeo Air Four Plus LSE:AA4 30 Beneish M-Score is -3.36 as of Jun. 26, 2026. GuruFocus rates LSE:AA4 with a GF Score™ of 30/100 and a GF Value™ of £0.46 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,020 Business Services companies, Amedeo Air Four Plus ranks better than 89.22% 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 -3.36 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Amedeo Air Four Plus's Beneish M-Score or its related term are showing as below:

LSE:AA4' s Beneish M-Score Range Over the Past 10 Years
Min: -3.78   Med: -3.22   Max: -2.53
Current: -3.36

During the past 10 years, the highest Beneish M-Score of Amedeo Air Four Plus was -2.53. The lowest was -3.78. And the median was -3.22.

LSE:AA4
30GF Score
Amedeo Air Four Plus Ltd LSE:AA4
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Amedeo Air Four Plus 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 Amedeo Air Four Plus 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+0.528 * 1+0.404 * 1.0208+0.892 * 0.9022+0.115 * 0.8949
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3775+4.679 * -0.155287-0.327 * 0.9776
=-3.36

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was £0.0 Mil.
Revenue was £136.7 Mil.
Gross Profit was £136.7 Mil.
Total Current Assets was £0.0 Mil.
Total Assets was £1,083.4 Mil.
Property, Plant and Equipment(Net PPE) was £872.5 Mil.
Depreciation, Depletion and Amortization(DDA) was £119.3 Mil.
Selling, General, & Admin. Expense(SGA) was £2.2 Mil.
Total Current Liabilities was £0.0 Mil.
Long-Term Debt & Capital Lease Obligation was £693.5 Mil.
Net Income was £13.7 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £181.9 Mil.
 Total Receivables was £0.0 Mil.
Revenue was £151.5 Mil.
Gross Profit was £151.5 Mil.
Total Current Assets was £0.0 Mil.
Total Assets was £1,252.3 Mil.
Property, Plant and Equipment(Net PPE) was £1,013.5 Mil.
Depreciation, Depletion and Amortization(DDA) was £122.2 Mil.
Selling, General, & Admin. Expense(SGA) was £1.8 Mil.
Total Current Liabilities was £0.0 Mil.
Long-Term Debt & Capital Lease Obligation was £819.9 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 / 136.655) / (0 / 151.471)
=0 / 0
=1

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)
=(151.471 / 151.471) / (136.655 / 136.655)
=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 + 872.489) / 1083.391) / (1 - (0 + 1013.468) / 1252.283)
=0.194668 / 0.190704
=1.0208

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
=136.655 / 151.471
=0.9022

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))
=(122.221 / (122.221 + 1013.468)) / (119.27 / (119.27 + 872.489))
=0.107618 / 0.120261
=0.8949

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)
=(2.181 / 136.655) / (1.755 / 151.471)
=0.01596 / 0.011586
=1.3775

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)
=((693.48 + 0) / 1083.391) / ((819.92 + 0) / 1252.283)
=0.640101 / 0.65474
=0.9776

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
=(13.703 - 0 - 181.939) / 1083.391
=-0.155287

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.

Amedeo Air Four Plus has a M-score of -3.36 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 -3.36 mean?
Amedeo Air Four Plus (LSE:AA4) has a Beneish M-Score of -3.36 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amedeo Air Four Plus and its competitors. According to the industry distribution chart, Amedeo Air Four Plus ranks #110 out of 1020 companies in the Business Services industry, placing it in the top 10.8%.
Is Amedeo Air Four Plus' Beneish M-Score too high?
Amedeo Air Four Plus' current Beneish M-Score is -3.36. Based on the distribution chart, Amedeo Air Four Plus ranks #110 out of 1020 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Amedeo Air Four Plus has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Amedeo Air Four Plus' Beneish M-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Amedeo Air Four Plus ranks #110 out of 1020 companies for Beneish M-Score. This places Amedeo Air Four Plus in the top 11% 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 a Business Services company?
A good Beneish M-Score depends on the Business Services 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 Amedeo Air Four Plus and its competitors. Amedeo Air Four Plus's current Beneish M-Score is -3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amedeo Air Four Plus stock overvalued right now?
Based on GuruFocus' analysis, Amedeo Air Four Plus (LSE:AA4) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.46, compared to a current price of £0.72 — trading 57.4% above its estimated fair value. The current Beneish M-Score is -3.36. Amedeo Air Four Plus' overall GF Score™ is 30/100 with 8 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 Amedeo Air Four Plus (LSE:AA4), the current Beneish M-Score is -3.36 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 Amedeo Air Four Plus (LSE:AA4) Overvalued in 2026?

Based on GuruFocus' analysis, Amedeo Air Four Plus stock appears to be overvalued. The current stock price of £0.72 is trading 57.4% above its estimated GF Value™ of £0.46. GuruFocus considers Amedeo Air Four Plus to be Significantly Overvalued.

Key valuation signals for LSE:AA4:

  • Beneish M-Score: -3.36
  • GF Value™: £0.46 vs. price of £0.72 (57.4% above fair value)
  • GF Score™: 30/100 with 8 warning signs

No single metric tells the full story. See the LSE:AA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Amedeo Air Four Plus Business Description

Address Ground Floor, Dorey Court, Admiral Park, Saint Peter Port, GGY, GY1 2HT
Amedeo Air Four Plus Ltd is engaged in acquiring, leasing, and then selling aircraft. The company generates revenue from Rental income.
30GF Score

Get the complete analysis for LSE:AA4

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

£0.72
Price
£0.46
GF Value