Mindflair (LSE:MFAI) Beneish M-Score : 0.00 (As of Mar. 30, 2025)

View and export this data going back to 1997. Start your Free Trial

What is Mindflair Beneish M-Score?

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 Mindflair's Beneish M-Score or its related term are showing as below:

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

Mindflair Beneish M-Score Historical Data

The historical data trend for Mindflair'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.

* Premium members only.

Mindflair Beneish M-Score Chart

Mindflair Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Dec21

Dec22

Dec23

Beneish M-Score

Get a 7-Day Free Trial

Mindflair Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Mindflair's Beneish M-Score

For the Asset Management subindustry, Mindflair'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.

Mindflair's Beneish M-Score Distribution in the Asset Management Industry

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

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

Save Embed

;

Save Embed

;

Mindflair 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 Mindflair 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was £0.69 Mil.
Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Total Current Assets was £7.39 Mil.
Total Assets was £7.39 Mil.
Property, Plant and Equipment(Net PPE) was £0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £0.00 Mil.
Total Current Liabilities was £1.55 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £-2.67 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-0.70 Mil.

Total Receivables was £0.37 Mil.
Revenue was £0.01 Mil.
Gross Profit was £0.01 Mil.
Total Current Assets was £9.35 Mil.
Total Assets was £9.35 Mil.
Property, Plant and Equipment(Net PPE) was £0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £0.00 Mil.
Total Current Liabilities was £0.29 Mil.
Long-Term Debt & Capital Lease Obligation was £1.24 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)
	=	(0.687 / 0)	/	(0.373 / 0.014)
	=		/	26.642857
	=

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)
	=	(0.014 / 0.014)	/	(0 / 0)
	=	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 - (7.393 + 0) / 7.393)	/	(1 - (9.349 + 0) / 9.349)
	=	0	/	0
	=

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	/	0.014
	=

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 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0.014)
	=		/	0
	=

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 + 1.549) / 7.393)	/	((1.235 + 0.292) / 9.349)
	=	0.209523	/	0.163333
	=

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
	=	(-2.665 - 0	-	-0.701)	/	7.393
	=	-0.265657

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.

Mindflair Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Mindflair's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Mindflair Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mindflair PLC (LSE:MFAI) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.mindflair.tech

Mindflair PLC is an investment company providing investors with access to a portfolio of next-generation technology businesses focused on AI with remarkable growth potential. The Company is building an investment portfolio of high-tech businesses across areas such as Artificial intelligence, the Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing demand for development in these sectors.

Mindflair Headlines

No Headlines