Yellow Cake (LSE:YCA) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


LSE:YCA Yellow Cake PLC LSE:YCA
47 GF Score
Price £5.28
! 2 Warning Signs
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What is Yellow Cake Beneish M-Score?

Yellow Cake LSE:YCA -0.09% 47 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates LSE:YCA with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 119 Other Energy Sources companies, Yellow Cake ranks worse than 840335.29% 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.

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

During the past 7 years, the highest Beneish M-Score of Yellow Cake was 9.77. The lowest was -5.02. And the median was 2.38.

Yellow Cake Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yellow Cake'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.

Yellow Cake Beneish M-Score Chart

Yellow Cake Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial -5.02 9.77 0.00 0.00 0.00

Yellow Cake Semi-Annual Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 0.00 0.00 0.00 0.00

LSE:YCA vs UEC, LEU: Beneish M-Score Comparison

For the Uranium subindustry, Yellow Cake'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.

Yellow Cake Beneish M-Score vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Yellow Cake's Beneish M-Score distribution charts can be found below:

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


LSE:YCA
47GF Score
Yellow Cake PLC LSE:YCA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yellow Cake 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 Yellow Cake 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 £0.30 Mil.
Revenue was £-353.03 Mil.
Gross Profit was £-353.61 Mil.
Total Current Assets was £15.79 Mil.
Total Assets was £1,097.40 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 £4.68 Mil.
Total Current Liabilities was £2.63 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £-363.18 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-10.19 Mil.
 Total Receivables was £0.34 Mil.
Revenue was £578.46 Mil.
Gross Profit was £577.94 Mil.
Total Current Assets was £105.16 Mil.
Total Assets was £1,485.19 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 £3.86 Mil.
Total Current Liabilities was £2.79 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)
=(0.303 / -353.031) / (0.34 / 578.459)
= / 0.000588
=

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)
=(577.94 / 578.459) / (-353.611 / -353.031)
=0.999103 /
=

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 - (15.79 + 0) / 1097.397) / (1 - (105.16 + 0) / 1485.193)
=0.985611 / 0.929194
=

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
=-353.031 / 578.459
=

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)
=(4.677 / -353.031) / (3.864 / 578.459)
= / 0.00668
=

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 + 2.632) / 1097.397) / ((0 + 2.789) / 1485.193)
=0.002398 / 0.001878
=

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
=(-363.18 - 0 - -10.191) / 1097.397
=-0.32166

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Yellow Cake (LSE:YCA) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yellow Cake and its competitors. According to the industry distribution chart, Yellow Cake ranks #999999 out of 119 companies in the Other Energy Sources industry.
Is Yellow Cake's Beneish M-Score too high?
Yellow Cake's current Beneish M-Score is 0.00. Based on the distribution chart, Yellow Cake ranks #999999 out of 119 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Yellow Cake has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Yellow Cake's Beneish M-Score compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Yellow Cake ranks #999999 out of 119 companies for Beneish M-Score. This places Yellow Cake 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 an Other Energy Sources company?
A good Beneish M-Score depends on the Other Energy Sources 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 Yellow Cake and its competitors. Yellow Cake's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yellow Cake stock overvalued right now?
Yellow Cake (LSE:YCA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Yellow Cake's overall GF Score™ is 47/100 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 Yellow Cake (LSE:YCA), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Yellow Cake Business Description

Other Exchanges YLLXF:USAYCAl:UK0LZ:Germany
Address 66-72 Esplanade, 3rd Floor, Gaspe House, Channel Islands, JEY, JE1 2LH
Yellow Cake PLC is a specialist company operating in the uranium sector. The principal activity of the company is to invest in uranium projects. It invests in quoted or unquoted companies producing, developing, or exploring for uranium in Canada, the United States, Australia, and South Africa. The company's only segment being the holding of uranium oxide concentrate (U3O8) for long-term capital appreciation.
47GF 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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