Swiss Properties Invest AS (OCSE:SWISS) Beneish M-Score : 0.00 (As of Mar. 24, 2025)

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What is Swiss Properties Invest AS 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 Swiss Properties Invest AS's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Swiss Properties Invest AS was 0.00. The lowest was 0.00. And the median was 0.00.

Swiss Properties Invest AS Beneish M-Score Historical Data

The historical data trend for Swiss Properties Invest AS'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.

Swiss Properties Invest AS Beneish M-Score Chart

Swiss Properties Invest AS Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

Swiss Properties Invest AS Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Swiss Properties Invest AS's Beneish M-Score

For the Real Estate Services subindustry, Swiss Properties Invest AS'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.

Swiss Properties Invest AS's Beneish M-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Swiss Properties Invest AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Swiss Properties Invest AS's Beneish M-Score falls into.

Swiss Properties Invest AS 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 Swiss Properties Invest AS 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 kr1.63 Mil.
Revenue was kr0.00 Mil.
Gross Profit was kr20.22 Mil.
Total Current Assets was kr34.88 Mil.
Total Assets was kr659.34 Mil.
Property, Plant and Equipment(Net PPE) was kr0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr-6.08 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr15.02 Mil.
Long-Term Debt & Capital Lease Obligation was kr390.34 Mil.
Net Income was kr13.30 Mil.
Gross Profit was kr0.00 Mil.
Cash Flow from Operations was kr-2.50 Mil.

Total Receivables was kr1.43 Mil.
Revenue was kr0.00 Mil.
Gross Profit was kr0.34 Mil.
Total Current Assets was kr89.73 Mil.
Total Assets was kr467.84 Mil.
Property, Plant and Equipment(Net PPE) was kr0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr-0.13 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr213.16 Mil.
Long-Term Debt & Capital Lease Obligation was kr37.76 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)
	=	(1.628 / 0)	/	(1.427 / 0)
	=		/
	=

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)
	=	(0.336 / 0)	/	(20.217 / 0)
	=		/
	=

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 - (34.884 + 0) / 659.339)	/	(1 - (89.727 + 0) / 467.836)
	=	0.947092	/	0.808208
	=

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
	=

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))
	=	(-0.126 / (-0.126 + 0))	/	(-6.076 / (-6.076 + 0))
	=	1	/	1
	=

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)
	=		/
	=

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)
	=	((390.338 + 15.022) / 659.339)	/	((37.76 + 213.162) / 467.836)
	=	0.614798	/	0.536346
	=

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
	=	(13.304 - 0	-	-2.504)	/	659.339
	=	0.023976

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.

Swiss Properties Invest AS Beneish M-Score Related Terms

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Swiss Properties Invest AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Swiss Properties Invest AS (OCSE:SWISS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

SR1:Germany

Address

Schleppegrellsgade 8, kl, Kobenhavn N, DNK, 2200

Website

https://www.swisspropertiesinvest.dk

Swiss Properties Invest AS owns, operates, optimizes, and develops a portfolio of attractive commercial properties for renting out commercial space in selected regions in Switzerland with the aim of creating shareholder value to its investors.

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