SLMT (Solmate Infrastructure Public) Beneish M-Score: -2.82 (As of Jun. 26, 2026)


SLMT Solmate Infrastructure Public Ltd SLMT
55 GF Score
Price $4.63
GF Value $274.97
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Solmate Infrastructure Public Beneish M-Score?

Solmate Infrastructure Public SLMT -1.91% 55 Beneish M-Score is -2.82 as of Jun. 26, 2026. GuruFocus rates SLMT with a GF Score™ of 55/100 and a GF Value™ of $274.97 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,634 Software companies, Solmate Infrastructure Public ranks better than 68.75% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SLMT' s Beneish M-Score Range Over the Past 10 Years
Min: -6.58   Med: -2.82   Max: -1.2
Current: -2.82

During the past 6 years, the highest Beneish M-Score of Solmate Infrastructure Public was -1.20. The lowest was -6.58. And the median was -2.82.


Solmate Infrastructure Public Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Solmate Infrastructure Public'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.

Solmate Infrastructure Public Beneish M-Score Chart

Solmate Infrastructure Public Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -6.58 0.00 -1.20 -2.82

Solmate Infrastructure Public Semi-Annual Data
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 0.00 0.00 -1.20 0.00 -2.82

SLMT vs CNVS, TOON, CRSF: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Solmate Infrastructure Public'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.


Solmate Infrastructure Public Beneish M-Score vs Software Industry

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

* The bar in red indicates where Solmate Infrastructure Public's Beneish M-Score falls into.


SLMT
55GF Score
Solmate Infrastructure Public Ltd SLMT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solmate Infrastructure Public 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 Solmate Infrastructure Public 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 * 8.8749+0.528 * -0.0379+0.404 * 0.9161+0.892 * 4.2042+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 14.4309+4.679 * -1.666405-0.327 * 0.2359
=-2.82

* 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 $13.77 Mil.
Revenue was $5.25 Mil.
Gross Profit was $-309.88 Mil.
Total Current Assets was $67.48 Mil.
Total Assets was $192.43 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.38 Mil.
Selling, General, & Admin. Expense(SGA) was $339.45 Mil.
Total Current Liabilities was $19.28 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-440.54 Mil.
Gross Profit was $-107.34 Mil.
Cash Flow from Operations was $-12.53 Mil.
Total Receivables was $0.37 Mil.
Revenue was $1.25 Mil.
Gross Profit was $2.79 Mil.
Total Current Assets was $3.09 Mil.
Total Assets was $10.60 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.09 Mil.
Selling, General, & Admin. Expense(SGA) was $5.60 Mil.
Total Current Liabilities was $4.42 Mil.
Long-Term Debt & Capital Lease Obligation was $0.08 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)
=(13.768 / 5.251) / (0.369 / 1.249)
=2.621977 / 0.295436
=8.8749

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)
=(2.79 / 1.249) / (-309.884 / 5.251)
=2.233787 / -59.014283
=-0.0379

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 - (67.479 + 0) / 192.434) / (1 - (3.085 + 0) / 10.595)
=0.64934 / 0.708825
=0.9161

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
=5.251 / 1.249
=4.2042

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))
=(0.089 / (0.089 + 0)) / (1.377 / (1.377 + 0))
=1 / 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)
=(339.448 / 5.251) / (5.595 / 1.249)
=64.644449 / 4.479584
=14.4309

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 + 19.282) / 192.434) / ((0.083 + 4.418) / 10.595)
=0.100201 / 0.424823
=0.2359

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
=(-440.542 - -107.34 - -12.529) / 192.434
=-1.666405

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.

Solmate Infrastructure Public has a M-score of -2.82 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 -2.82 mean?
Solmate Infrastructure Public (SLMT) has a Beneish M-Score of -2.82 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solmate Infrastructure Public and its competitors. According to the industry distribution chart, Solmate Infrastructure Public ranks #823 out of 2634 companies in the Software industry, placing it in the top 31.2%.
Is Solmate Infrastructure Public's Beneish M-Score too high?
Solmate Infrastructure Public's current Beneish M-Score is -2.82. Based on the distribution chart, Solmate Infrastructure Public ranks #823 out of 2634 companies in the Software industry, which is above the industry midpoint. Overall, Solmate Infrastructure Public has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solmate Infrastructure Public's Beneish M-Score compare to CNVS and TOON?
According to the Software industry distribution chart, Solmate Infrastructure Public ranks #823 out of 2634 companies for Beneish M-Score. This puts Solmate Infrastructure Public 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 Solmate Infrastructure Public and its competitors. Solmate Infrastructure Public's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solmate Infrastructure Public stock overvalued right now?
Based on GuruFocus' analysis, Solmate Infrastructure Public (SLMT) is currently considered Possible Value Trap. The stock's GF Value™ is $274.97, compared to a current price of $4.63 — trading 98.3% below its estimated fair value. The current Beneish M-Score is -2.82. Solmate Infrastructure Public's overall GF Score™ is 55/100 with 8 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 Solmate Infrastructure Public (SLMT), the current Beneish M-Score is -2.82 as of Jun. 26, 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 Solmate Infrastructure Public (SLMT) Overvalued in 2026?

Based on GuruFocus' analysis, Solmate Infrastructure Public stock appears to be undervalued. The current stock price of $4.63 is trading 98.3% below its estimated GF Value™ of $274.97. GuruFocus considers Solmate Infrastructure Public to be Possible Value Trap.

Key valuation signals for SLMT:

  • Beneish M-Score: -2.82
  • GF Value™: $274.97 vs. price of $4.63 (98.3% below fair value)
  • GF Score™: 55/100 with 8 warning signs

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


Solmate Infrastructure Public Business Description

Other Exchanges X1Y0:Germany
Address One Burlington Road, Connaught House, 5th Floor, Dublin, IRL, D04 C5Y6
Solmate Infrastructure Public Ltd is a Solana-based crypto infrastructure company with a strategic focus on Abu Dhabi. The group builds high-performance validators that lower latency, expand network reach, and position Abu Dhabi as a world-wide hub for Solana infrastructure. The company creates value by working with its partners to build infrastructure and real hardware for the crypto revolution. Its cutting-edge Solana staking infrastructure will help drive the adoption of the network in the Middle East.
55GF Score

Get the complete analysis for SLMT

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

$4.63
Price
$274.97
GF Value