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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 -2.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for International Money Express's Beneish M-Score or its related term are showing as below:
MEX:IMXI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.44 Med: -2.52 Max: -0.46
Current: -2.8
During the past 11 years, the highest Beneish M-Score of International Money Express was -0.46. The lowest was -3.44. And the median was -2.52.
* 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.
MEX:IMXI vs IIIV, LSAK, CINT: Beneish M-Score Comparison
For the Software - Infrastructure subindustry, International Money Express'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.
International Money Express Beneish M-Score vs Software Industry
For the Software industry and Technology sector, International Money Express's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where International Money Express's Beneish M-Score falls into.
International Money Express 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 International Money Express 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 * 0.8441
+
0.528 * 0.9987
+
0.404 * 1.0517
+
0.892 * 0.7795
+
0.115 * 0.9207
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2594
+
4.679 * -0.002352
-
0.327 * 0.8436
=
-2.81
* 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.
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.
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))
=
(301.116 / (301.116 + 1328.08))
/
(333.048 / (333.048 + 1326.002))
=
0.184825
/
0.200746
=
0.9207
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
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
=
(334.457 - -132.823
-
485.737)
/
7845.786
=
-0.002352
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.
International Money Express has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
International Money Express (MEX:IMXI) has a Beneish M-Score of -2.80 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on International Money Express and its competitors. According to the industry distribution chart, International Money Express ranks #869 out of 2637 companies in the Software industry, placing it in the top 33%.
Is International Money Express' Beneish M-Score too high?
International Money Express' current Beneish M-Score is -2.80. Based on the distribution chart, International Money Express ranks #869 out of 2637 companies in the Software industry, which is above the industry midpoint. Overall, International Money Express has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does International Money Express' Beneish M-Score compare to IIIV and LSAK?
According to the Software industry distribution chart, International Money Express ranks #869 out of 2637 companies for Beneish M-Score. This puts International Money Express in the upper 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 International Money Express and its competitors. International Money Express's current Beneish M-Score is -2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Money Express stock overvalued right now?
International Money Express (MEX:IMXI) has a current Beneish M-Score of -2.80. The stock's GF Value™ is MXN214.74, compared to a current price of MXN188.70 — trading 12.1% below its estimated fair value. The current Beneish M-Score is -2.80. International Money Express' overall GF Score™ is 80/100 with 3 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 International Money Express (MEX:IMXI), the current Beneish M-Score is -2.80 as of Aug. 20, 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 International Money Express (MEX:IMXI) Overvalued in 2026?
Based on GuruFocus' analysis, International Money Express stock appears to be undervalued.
The current stock price of MXN188.70 is trading 12.1% below its estimated GF Value™ of MXN214.74.
Key valuation signals for MEX:IMXI:
Beneish M-Score: -2.80
GF Value™: MXN214.74 vs. price of MXN188.70 (12.1% below fair value)
No single metric tells the full story. See the MEX:IMXI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Money Express Inc is an omnichannel money remittance services company focused on the United States of America to Latin America and the Caribbean corridor, which includes Mexico, Central and South America and the Caribbean. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
80GF Score
Get the complete analysis for MEX:IMXI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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