Dotlines Global (LSE:DOTL) Beneish M-Score: 0.14 (As of Aug. 10, 2026)

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LSE:DOTL Dotlines Global Ltd LSE:DOTL
25 GF Score
Price £0.11
! 2 Warning Signs
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What is Dotlines Global Beneish M-Score?

Dotlines Global LSE:DOTL 25 Beneish M-Score is 0.14 as of Aug. 10, 2026. GuruFocus rates LSE:DOTL with a GF Score™ of 25/100. The stock has 2 warning signs investors should review. Among 2,632 Software companies, Dotlines Global ranks worse than 93.47% 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 0.14 higher than -1.78, which implies that the company might have manipulated its financial results.

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

LSE:DOTL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.8   Med: -1.33   Max: 0.14
Current: 0.14

During the past 4 years, the highest Beneish M-Score of Dotlines Global was 0.14. The lowest was -2.80. And the median was -1.33.

Dotlines Global Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dotlines Global'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.

Dotlines Global Beneish M-Score Chart

Dotlines Global Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.80 0.14

Dotlines Global Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.80 0.00 0.14

LSE:DOTL vs QH, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Dotlines Global'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.

Dotlines Global Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Dotlines Global's Beneish M-Score distribution charts can be found below:

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


LSE:DOTL
25GF Score
Dotlines Global Ltd LSE:DOTL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Dotlines Global 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 Dotlines Global 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 * 2.7799+0.528 * 1.118+0.404 * 0.5724+0.892 * 1.0492+0.115 * 1.0977
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7551+4.679 * 0.219165-0.327 * 1.1026
=0.14

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was £5.40 Mil.
Revenue was £21.47 Mil.
Gross Profit was £2.43 Mil.
Total Current Assets was £7.29 Mil.
Total Assets was £7.45 Mil.
Property, Plant and Equipment(Net PPE) was £0.04 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.10 Mil.
Selling, General, & Admin. Expense(SGA) was £1.37 Mil.
Total Current Liabilities was £4.91 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £0.84 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-0.79 Mil.
 Total Receivables was £1.85 Mil.
Revenue was £20.46 Mil.
Gross Profit was £2.59 Mil.
Total Current Assets was £5.81 Mil.
Total Assets was £6.05 Mil.
Property, Plant and Equipment(Net PPE) was £0.07 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.27 Mil.
Selling, General, & Admin. Expense(SGA) was £1.72 Mil.
Total Current Liabilities was £3.62 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)
=(5.396 / 21.467) / (1.85 / 20.46)
=0.251363 / 0.09042
=2.7799

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)
=(2.585 / 20.46) / (2.426 / 21.467)
=0.126344 / 0.113011
=1.118

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 - (7.291 + 0.036) / 7.451) / (1 - (5.81 + 0.067) / 6.053)
=0.016642 / 0.029076
=0.5724

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
=21.467 / 20.46
=1.0492

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))
=(0.269 / (0.269 + 0.067)) / (0.097 / (0.097 + 0.036))
=0.800595 / 0.729323
=1.0977

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)
=(1.365 / 21.467) / (1.723 / 20.46)
=0.063586 / 0.084213
=0.7551

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 + 4.912) / 7.451) / ((0.001 + 3.618) / 6.053)
=0.65924 / 0.597885
=1.1026

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
=(0.84 - 0 - -0.793) / 7.451
=0.219165

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.

Dotlines Global has a M-score of 0.14 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 0.14 mean?
Dotlines Global (LSE:DOTL) has a Beneish M-Score of 0.14 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dotlines Global and its competitors. According to the industry distribution chart, Dotlines Global ranks #2460 out of 2632 companies in the Software industry, placing it in the top 93.5%.
Is Dotlines Global's Beneish M-Score too high?
Dotlines Global's current Beneish M-Score is 0.14. Based on the distribution chart, Dotlines Global ranks #2460 out of 2632 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Dotlines Global has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Dotlines Global's Beneish M-Score compare to QH and SHOP?
According to the Software industry distribution chart, Dotlines Global ranks #2460 out of 2632 companies for Beneish M-Score. This places Dotlines Global 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 Software company?
A good Beneish M-Score depends on the Software 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 Dotlines Global and its competitors. Dotlines Global's current Beneish M-Score is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dotlines Global stock overvalued right now?
Dotlines Global (LSE:DOTL) has a current Beneish M-Score of 0.14. The current Beneish M-Score is 0.14. Dotlines Global's overall GF Score™ is 25/100 with 2 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 Dotlines Global (LSE:DOTL), the current Beneish M-Score is 0.14 as of Aug. 10, 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.

Dotlines Global Business Description

Address Elizabeth Avenue, Park Plaza House, Third Floor, St. Peter Port, GGY, GY1 2HU
Dotlines Global Ltd is a UK-based international technology group operating in the telecommunications, digital infrastructure, cybersecurity, and financial technology sectors. It offers products, platforms, and solutions for both B2B and B2C customers. Its two core areas of activity are digital content and services - principally, the Sohoj digital lifestyle platform for migrant populations in Malaysia, which has served over a million migrants from countries across Asia - and telecom products and services in the UK comprising: the Catena OSS and BSS software platform for internet service providers; Audra SME- and consumer-focused cybersecurity solutions; and the Carnival Internet full fibre broadband service.
25GF Score

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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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