Brightstar Lottery (STU:7IG) Beneish M-Score: -1.56 (As of Jun. 24, 2026)


STU:7IG Brightstar Lottery PLC STU:7IG
64 GF Score
Price €9.50
GF Value €16.59
! 6 Warning Signs
View Full Analysis

What is Brightstar Lottery Beneish M-Score?

Brightstar Lottery STU:7IG -0.52% 64 Beneish M-Score is -1.56 as of Jun. 24, 2026. GuruFocus rates STU:7IG with a GF Score™ of 64/100 and a GF Value™ of €16.59. The stock has 6 warning signs investors should review. Among 823 Travel & Leisure companies, Brightstar Lottery ranks worse than 88.21% 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.

Warning Sign:

Beneish M-Score -1.56 higher than -1.78, which implies that the company might have manipulated its financial results.

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

STU:7IG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.51   Med: -2.69   Max: -1.56
Current: -1.56

During the past 13 years, the highest Beneish M-Score of Brightstar Lottery was -1.56. The lowest was -3.51. And the median was -2.69.


Brightstar Lottery Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Brightstar Lottery'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.

Brightstar Lottery Beneish M-Score Chart

Brightstar Lottery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.55 -2.95 -3.24 -2.82 -1.58

Brightstar Lottery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.51 -3.41 -1.71 -1.58 -1.56

STU:7IG vs RSI, ACEL, CDRO: Beneish M-Score Comparison

For the Gambling subindustry, Brightstar Lottery'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.


Brightstar Lottery Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Brightstar Lottery's Beneish M-Score distribution charts can be found below:

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


STU:7IG
64GF Score
Brightstar Lottery PLC STU:7IG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brightstar Lottery 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 Brightstar Lottery 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 * 1.2701+0.528 * 1.0548+0.404 * 1.9008+0.892 * 0.9562+0.115 * 0.9484
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8758+4.679 * 0.04696-0.327 * 0.9501
=-1.63

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €485 Mil.
Revenue was 507.755 + 570.472 + 535.908 + 546.21 = €2,160 Mil.
Gross Profit was 237.01 + 280.966 + 274.344 + 237.558 = €1,030 Mil.
Total Current Assets was €2,401 Mil.
Total Assets was €8,186 Mil.
Property, Plant and Equipment(Net PPE) was €771 Mil.
Depreciation, Depletion and Amortization(DDA) was €426 Mil.
Selling, General, & Admin. Expense(SGA) was €288 Mil.
Total Current Liabilities was €2,722 Mil.
Long-Term Debt & Capital Lease Obligation was €3,334 Mil.
Net Income was 32.005 + 52.094 + 99.684 + -50.286 = €133 Mil.
Non Operating Income was 6.92 + -12.81 + -11.076 + -105.774 = €-123 Mil.
Cash Flow from Operations was 142.725 + -159.698 + -379.992 + 268.77 = €-128 Mil.
Total Receivables was €400 Mil.
Revenue was 539.275 + 622.66 + 527.986 + 569.477 = €2,259 Mil.
Gross Profit was 276.575 + 319.925 + 273.003 + 266.623 = €1,136 Mil.
Total Current Assets was €5,748 Mil.
Total Assets was €9,565 Mil.
Property, Plant and Equipment(Net PPE) was €734 Mil.
Depreciation, Depletion and Amortization(DDA) was €375 Mil.
Selling, General, & Admin. Expense(SGA) was €344 Mil.
Total Current Liabilities was €2,321 Mil.
Long-Term Debt & Capital Lease Obligation was €5,126 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)
=(485.265 / 2160.345) / (399.6 / 2259.398)
=0.224624 / 0.176861
=1.2701

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)
=(1136.126 / 2259.398) / (1029.878 / 2160.345)
=0.502845 / 0.476719
=1.0548

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 - (2401.24 + 770.715) / 8186.36) / (1 - (5747.95 + 734.45) / 9564.5)
=0.612532 / 0.322244
=1.9008

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
=2160.345 / 2259.398
=0.9562

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))
=(374.706 / (374.706 + 734.45)) / (426.453 / (426.453 + 770.715))
=0.33783 / 0.356218
=0.9484

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)
=(288.124 / 2160.345) / (344.075 / 2259.398)
=0.133369 / 0.152286
=0.8758

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)
=((3333.71 + 2722.155) / 8186.36) / ((5126.35 + 2320.825) / 9564.5)
=0.739751 / 0.778627
=0.9501

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
=(133.497 - -122.74 - -128.195) / 8186.36
=0.04696

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.

Brightstar Lottery has a M-score of -1.63 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 -1.56 mean?
Brightstar Lottery (STU:7IG) has a Beneish M-Score of -1.56 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Brightstar Lottery and its competitors. According to the industry distribution chart, Brightstar Lottery ranks #726 out of 823 companies in the Travel & Leisure industry, placing it in the top 88.2%.
Is Brightstar Lottery's Beneish M-Score too high?
Brightstar Lottery's current Beneish M-Score is -1.56. Based on the distribution chart, Brightstar Lottery ranks #726 out of 823 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Brightstar Lottery has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Brightstar Lottery's Beneish M-Score compare to RSI and ACEL?
According to the Travel & Leisure industry distribution chart, Brightstar Lottery ranks #726 out of 823 companies for Beneish M-Score. This places Brightstar Lottery 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 a Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Brightstar Lottery and its competitors. Brightstar Lottery's current Beneish M-Score is -1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brightstar Lottery stock overvalued right now?
Brightstar Lottery (STU:7IG) has a current Beneish M-Score of -1.56. The stock's GF Value™ is €16.59, compared to a current price of €9.50 — trading 42.7% below its estimated fair value. The current Beneish M-Score is -1.56. Brightstar Lottery's overall GF Score™ is 64/100 with 6 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 Brightstar Lottery (STU:7IG), the current Beneish M-Score is -1.56 as of Jun. 24, 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 Brightstar Lottery (STU:7IG) Overvalued in 2026?

Based on GuruFocus' analysis, Brightstar Lottery stock appears to be undervalued. The current stock price of €9.50 is trading 42.7% below its estimated GF Value™ of €16.59.

Key valuation signals for STU:7IG:

  • Beneish M-Score: -1.56
  • GF Value™: €16.59 vs. price of €9.50 (42.7% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the STU:7IG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brightstar Lottery Business Description

Other Exchanges BRSL:USA7IG:Germany
Address 2 and 3 Eldon Street, Fifth Floor, Eldon House, London, GBR, EC2M 7LS
Brightstar Lottery PLC is a pure-play lottery company focused on innovation, delivering secure technology and comprehensive lottery solutions. The Company operates lottery management services and instant lottery systems, and runs an international land-based lottery and iLottery business covering sales, operations, product development, technology, and support, while serving as an iLottery platform provider. Lottery services are delivered through operating contracts, FMCs, LMAs, iLottery, and product sales contracts, including the Italian Lotto license and Italian Scratch and Win (Gratta e Vinci) lottery license. The majority of revenue comes from operating contracts and FMCs. Brightstar operates in the US, Italy, Rest of Europe, and Others, with the majority of revenue coming from the US.
64GF Score

Get the complete analysis for STU:7IG

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

€9.50
Price
€16.59
GF Value