Corestate Capital Holding (STU:CCAP) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


STU:CCAP Corestate Capital Holding SA STU:CCAP
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What is Corestate Capital Holding Beneish M-Score?

Corestate Capital Holding STU:CCAP 10 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates STU:CCAP with a GF Score™ of 10/100.

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 Corestate Capital Holding's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of Corestate Capital Holding was 0.00. The lowest was 0.00. And the median was 0.00.

Corestate Capital Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Corestate Capital Holding'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.

Corestate Capital Holding Beneish M-Score Chart

Corestate Capital Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.73 -1.13 -3.12 0.00 0.00

Corestate Capital Holding Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Dec23
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 0.00 0.00 0.00 0.00 0.00

STU:CCAP vs CBRE, CSGP, BEKE: Beneish M-Score Comparison

For the Real Estate Services subindustry, Corestate Capital Holding'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.

Corestate Capital Holding Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Corestate Capital Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Corestate Capital Holding's Beneish M-Score falls into.


STU:CCAP
10GF Score
Corestate Capital Holding SA STU:CCAP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Corestate Capital Holding 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 Corestate Capital Holding 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 * 1.1186+0.528 * 4.6367+0.404 * 1.0437+0.892 * 0.5551+0.115 * 1.56
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3947+4.679 * 0.594613-0.327 * 0.6421
=2.07

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was €24.90 Mil.
Revenue was €40.80 Mil.
Gross Profit was €-13.60 Mil.
Total Current Assets was €174.50 Mil.
Total Assets was €445.50 Mil.
Property, Plant and Equipment(Net PPE) was €24.50 Mil.
Depreciation, Depletion and Amortization(DDA) was €37.00 Mil.
Selling, General, & Admin. Expense(SGA) was €52.80 Mil.
Total Current Liabilities was €133.40 Mil.
Long-Term Debt & Capital Lease Obligation was €191.70 Mil.
Net Income was €220.30 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-44.60 Mil.
 Total Receivables was €40.10 Mil.
Revenue was €73.50 Mil.
Gross Profit was €-113.60 Mil.
Total Current Assets was €271.90 Mil.
Total Assets was €650.40 Mil.
Property, Plant and Equipment(Net PPE) was €33.70 Mil.
Depreciation, Depletion and Amortization(DDA) was €514.40 Mil.
Selling, General, & Admin. Expense(SGA) was €68.20 Mil.
Total Current Liabilities was €686.00 Mil.
Long-Term Debt & Capital Lease Obligation was €53.20 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)
=(24.9 / 40.8) / (40.1 / 73.5)
=0.610294 / 0.545578
=1.1186

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)
=(-113.6 / 73.5) / (-13.6 / 40.8)
=-1.545578 / -0.333333
=4.6367

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 - (174.5 + 24.5) / 445.5) / (1 - (271.9 + 33.7) / 650.4)
=0.553311 / 0.530135
=1.0437

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
=40.8 / 73.5
=0.5551

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))
=(514.4 / (514.4 + 33.7)) / (37 / (37 + 24.5))
=0.938515 / 0.601626
=1.56

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)
=(52.8 / 40.8) / (68.2 / 73.5)
=1.294118 / 0.927891
=1.3947

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)
=((191.7 + 133.4) / 445.5) / ((53.2 + 686) / 650.4)
=0.729742 / 1.136531
=0.6421

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
=(220.3 - 0 - -44.6) / 445.5
=0.594613

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.

Corestate Capital Holding has a M-score of 2.07 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 0.00 mean?
Corestate Capital Holding (STU:CCAP) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Corestate Capital Holding and its competitors.
Is Corestate Capital Holding's Beneish M-Score too high?
Corestate Capital Holding's current Beneish M-Score is 0.00. Overall, Corestate Capital Holding has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Corestate Capital Holding's Beneish M-Score compare to CBRE and CSGP?
Corestate Capital Holding's Beneish M-Score of 0.00 can be compared against companies in the Real Estate 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Corestate Capital Holding and its competitors. Corestate Capital Holding's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corestate Capital Holding stock overvalued right now?
Corestate Capital Holding (STU:CCAP) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Corestate Capital Holding's overall GF Score™ is 10/100. 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 Corestate Capital Holding (STU:CCAP), the current Beneish M-Score is 0.00 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.

Corestate Capital Holding Business Description

Address 9-11, Grand-Rue, Luxembourg, ZMB, L-1661
Corestate Capital Holding SA is a real estate investment manager. It covers the entire lifecycle of investments in real estate equity and debt. The focus of the business planning is on core and core+ investments. The company has three segments: Real Estate Equity, Real Estate Debt, and Other. The majority of the revenue is generated from the Real Estate Debt segment. Corestate's product portfolio includes a broad range of asset classes: residential, micro Living, logistics, retail, and office real estate. The group generates the majority of its revenue from Germany.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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