Skillcast Group (LSE:SKL) Beneish M-Score: -2.25 (As of Jun. 28, 2026)


LSE:SKL Skillcast Group PLC LSE:SKL
48 GF Score
Price £0.47
GF Value £0.50
Valuation Fairly Valued
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What is Skillcast Group Beneish M-Score?

Skillcast Group LSE:SKL -1.05% 48 Beneish M-Score is -2.25 as of Jun. 28, 2026. GuruFocus rates LSE:SKL with a GF Score™ of 48/100 and a GF Value™ of £0.50 (Fairly Valued). Among 2,632 Software companies, Skillcast Group ranks worse than 67.55% 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 -2.25 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:SKL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.94   Med: -2.41   Max: -0.95
Current: -2.25

During the past 8 years, the highest Beneish M-Score of Skillcast Group was -0.95. The lowest was -2.94. And the median was -2.41.

Skillcast Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Skillcast Group'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.

Skillcast Group Beneish M-Score Chart

Skillcast Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -2.94 -2.41 -2.50 -0.95 -2.25

Skillcast Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -2.50 0.00 -0.95 0.00 -2.25

LSE:SKL vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Skillcast Group'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.

Skillcast Group Beneish M-Score vs Software Industry

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

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


LSE:SKL
48GF Score
Skillcast Group PLC LSE:SKL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Skillcast Group 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 Skillcast Group 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 * 0.7957+0.528 * 0.9723+0.404 * 3.2897+0.892 * 1.1592+0.115 * 0.7762
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.3573+4.679 * -0.154412-0.327 * 1.0042
=-2.25

* 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 £3.04 Mil.
Revenue was £15.35 Mil.
Gross Profit was £11.62 Mil.
Total Current Assets was £16.29 Mil.
Total Assets was £17.00 Mil.
Property, Plant and Equipment(Net PPE) was £0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.24 Mil.
Selling, General, & Admin. Expense(SGA) was £3.94 Mil.
Total Current Liabilities was £9.92 Mil.
Long-Term Debt & Capital Lease Obligation was £0.09 Mil.
Net Income was £1.30 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £3.92 Mil.
 Total Receivables was £3.30 Mil.
Revenue was £13.24 Mil.
Gross Profit was £9.74 Mil.
Total Current Assets was £13.45 Mil.
Total Assets was £14.11 Mil.
Property, Plant and Equipment(Net PPE) was £0.57 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.25 Mil.
Selling, General, & Admin. Expense(SGA) was £9.50 Mil.
Total Current Liabilities was £8.11 Mil.
Long-Term Debt & Capital Lease Obligation was £0.16 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)
=(3.042 / 15.348) / (3.298 / 13.24)
=0.198202 / 0.249094
=0.7957

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)
=(9.744 / 13.24) / (11.617 / 15.348)
=0.735952 / 0.756906
=0.9723

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 - (16.291 + 0.372) / 17) / (1 - (13.446 + 0.574) / 14.105)
=0.019824 / 0.006026
=3.2897

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
=15.348 / 13.24
=1.1592

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))
=(0.253 / (0.253 + 0.574)) / (0.242 / (0.242 + 0.372))
=0.305925 / 0.394137
=0.7762

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)
=(3.935 / 15.348) / (9.5 / 13.24)
=0.256385 / 0.717523
=0.3573

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)
=((0.09 + 9.916) / 17) / ((0.162 + 8.105) / 14.105)
=0.588588 / 0.586104
=1.0042

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
=(1.297 - 0 - 3.922) / 17
=-0.154412

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.

Skillcast Group has a M-score of -2.25 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 -2.25 mean?
Skillcast Group (LSE:SKL) has a Beneish M-Score of -2.25 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Skillcast Group and its competitors. According to the industry distribution chart, Skillcast Group ranks #1778 out of 2632 companies in the Software industry, placing it in the top 67.6%.
Is Skillcast Group's Beneish M-Score too high?
Skillcast Group's current Beneish M-Score is -2.25. Based on the distribution chart, Skillcast Group ranks #1778 out of 2632 companies in the Software industry, which is below the industry midpoint. Overall, Skillcast Group has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Skillcast Group's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Skillcast Group ranks #1778 out of 2632 companies for Beneish M-Score. This places Skillcast Group 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 Skillcast Group and its competitors. Skillcast Group's current Beneish M-Score is -2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skillcast Group stock overvalued right now?
Based on GuruFocus' analysis, Skillcast Group (LSE:SKL) is currently considered Fairly Valued. The stock's GF Value™ is £0.50, compared to a current price of £0.47 — trading 6% below its estimated fair value. The current Beneish M-Score is -2.25. Skillcast Group's overall GF Score™ is 48/100. 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 Skillcast Group (LSE:SKL), the current Beneish M-Score is -2.25 as of Jun. 28, 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 Skillcast Group (LSE:SKL) Overvalued in 2026?

Based on GuruFocus' analysis, Skillcast Group stock appears to be undervalued. The current stock price of £0.47 is trading 6% below its estimated GF Value™ of £0.50. GuruFocus considers Skillcast Group to be Fairly Valued.

Key valuation signals for LSE:SKL:

  • Beneish M-Score: -2.25
  • GF Value™: £0.50 vs. price of £0.47 (6% below fair value)
  • GF Score™: 48/100

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

Skillcast Group Business Description

Other Exchanges K9I:Germany
Address 80 Leadenhall Street, London, GBR, EC3A 3DH
Skillcast Group PLC is engaged in providing management services to other entities in the group. The Group provides software and content subscriptions and related professional services to enable companies to transform their staff compliance. The company has two revenue streams: SaaS subscriptions - The Group provides subscriptions to its content and technology products to the customer for subscription periods that are typically twelve months. The revenue is recognized evenly over the period of subscription; and Professional services - The Group provides customized and standard content to its clients under fixed-price contracts. Geographically, it operates in the UK, Europe, and the Rest of the world. The company derives a majority of its revenue from the United Kingdom.
48GF Score

Get the complete analysis for LSE:SKL

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

£0.47
Price
£0.50
GF Value