G5 Entertainment AB (OSTO:G5EN) Beneish M-Score : -3.79 (As of Apr. 06, 2025)

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What is G5 Entertainment AB 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.

Good Sign:

Beneish M-Score -3.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for G5 Entertainment AB's Beneish M-Score or its related term are showing as below:

OSTO:G5EN' s Beneish M-Score Range Over the Past 10 Years
Min: -4.16 Med: -3.37 Max: -1.92
Current: -3.79

During the past 13 years, the highest Beneish M-Score of G5 Entertainment AB was -1.92. The lowest was -4.16. And the median was -3.37.

G5 Entertainment AB Beneish M-Score Historical Data

The historical data trend for G5 Entertainment AB'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.

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G5 Entertainment AB Beneish M-Score Chart

G5 Entertainment AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-3.12

-3.53

-4.16

-3.32

-3.79

G5 Entertainment AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial															-3.32	-3.71	-3.79	-4.07	-3.79

Competitive Comparison of G5 Entertainment AB's Beneish M-Score

For the Electronic Gaming & Multimedia subindustry, G5 Entertainment AB'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.

G5 Entertainment AB's Beneish M-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, G5 Entertainment AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where G5 Entertainment AB's Beneish M-Score falls into.

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G5 Entertainment AB 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 G5 Entertainment AB 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 * 0.9802

0.528 * 0.9883

0.404 * 0.8918

0.892 * 0.8595

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0049

4.679 * -0.246516

0.327 * 0.8824

-3.79

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was kr130 Mil.
Revenue was 279.337 + 269.917 + 287.866 + 297.409 = kr1,135 Mil.
Gross Profit was 192.977 + 185.58 + 195.059 + 202.481 = kr776 Mil.
Total Current Assets was kr407 Mil.
Total Assets was kr667 Mil.
Property, Plant and Equipment(Net PPE) was kr9 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr359 Mil.
Total Current Liabilities was kr110 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Net Income was 33.468 + 24.501 + 23.525 + 37.481 = kr119 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0 Mil.
Cash Flow from Operations was 45.748 + 82.127 + 44.729 + 110.725 = kr283 Mil.

Total Receivables was kr154 Mil.
Revenue was 316.675 + 326.635 + 331.241 + 345.37 = kr1,320 Mil.
Gross Profit was 213.932 + 222.312 + 223.38 + 232.749 = kr892 Mil.
Total Current Assets was kr340 Mil.
Total Assets was kr610 Mil.
Property, Plant and Equipment(Net PPE) was kr13 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr416 Mil.
Total Current Liabilities was kr114 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 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)
	=	(129.733 / 1134.529)	/	(153.978 / 1319.921)
	=	0.11435	/	0.116657
	=	0.9802

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)
	=	(892.373 / 1319.921)	/	(776.097 / 1134.529)
	=	0.676081	/	0.68407
	=	0.9883

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 - (406.93 + 9.154) / 666.707)	/	(1 - (340.083 + 12.883) / 610.149)
	=	0.375912	/	0.421509
	=	0.8918

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
	=	1134.529	/	1319.921
	=	0.8595

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 + 12.883))	/	(0 / (0 + 9.154))
	=	0	/	0
	=	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)
	=	(358.94 / 1134.529)	/	(415.564 / 1319.921)
	=	0.316378	/	0.31484
	=	1.0049

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 + 109.792) / 666.707)	/	((0 + 113.869) / 610.149)
	=	0.164678	/	0.186625
	=	0.8824

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
	=	(118.975 - 0	-	283.329)	/	666.707
	=	-0.246516

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.

G5 Entertainment AB has a M-score of -3.79 suggests that the company is unlikely to be a manipulator.

G5 Entertainment AB Beneish M-Score Related Terms

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G5 Entertainment AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » G5 Entertainment AB (OSTO:G5EN) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

0QUS:UK U3I:Germany

Address

Nybrogatan 6, 5th floor, Stockholm, SWE, 114 34

Website

https://www.g5e.com

G5 Entertainment AB is a developer and publisher of casual free-to-play games for tablets and smartphones. Its games are available on Apple's iPads and iPhones, Android-powered tablets, and phones. The company offers games such as Secret Society, Virtual City, Supermarket Mania, Special Enquiry Detail, and others. Geographically the group generates almost all of its revenue from Sweden. The company generates the majority of its revenue from Free-to-play games.

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