Alkemy Capital Investments (STU:JV2) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


STU:JV2 Alkemy Capital Investments PLC STU:JV2
36 GF Score
Price €2.84
! 3 Warning Signs
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What is Alkemy Capital Investments Beneish M-Score?

Alkemy Capital Investments STU:JV2 +1.43% 36 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates STU:JV2 with a GF Score™ of 36/100. The stock has 3 warning signs investors should review. Among 86 Diversified Financial Services companies, Alkemy Capital Investments ranks worse than 1162789.53% 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.

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

During the past 6 years, the highest Beneish M-Score of Alkemy Capital Investments was 0.00. The lowest was 0.00. And the median was 0.00.

Alkemy Capital Investments Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Alkemy Capital Investments'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.

Alkemy Capital Investments Beneish M-Score Chart

Alkemy Capital Investments Annual Data
Trend Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Alkemy Capital Investments Semi-Annual Data
Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

STU:JV2 vs XXI, DMII, BCSS: Beneish M-Score Comparison

For the Shell Companies subindustry, Alkemy Capital Investments'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.

Alkemy Capital Investments Beneish M-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alkemy Capital Investments's Beneish M-Score distribution charts can be found below:

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


STU:JV2
36GF Score
Alkemy Capital Investments PLC STU:JV2
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Alkemy Capital Investments 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 Alkemy Capital Investments 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was €0.08 Mil.
Revenue was €0.00 Mil.
Gross Profit was €-0.17 Mil.
Total Current Assets was €0.34 Mil.
Total Assets was €4.67 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €1.18 Mil.
Total Current Liabilities was €4.16 Mil.
Long-Term Debt & Capital Lease Obligation was €1.32 Mil.
Net Income was €-2.87 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-1.26 Mil.
 Total Receivables was €0.00 Mil.
Revenue was €0.00 Mil.
Gross Profit was €-0.04 Mil.
Total Current Assets was €0.08 Mil.
Total Assets was €0.68 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €0.78 Mil.
Total Current Liabilities was €2.51 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 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)
=(0.076 / 0) / (0.001 / 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)
=(-0.039 / 0) / (-0.168 / 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 - (0.34 + 0) / 4.666) / (1 - (0.076 + 0) / 0.682)
=0.927132 / 0.888563
=

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 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(1.179 / 0) / (0.779 / 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)
=((1.32 + 4.162) / 4.666) / ((0 + 2.509) / 0.682)
=1.174882 / 3.678886
=

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
=(-2.865 - 0 - -1.261) / 4.666
=-0.343763

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Alkemy Capital Investments (STU:JV2) 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 Alkemy Capital Investments and its competitors. According to the industry distribution chart, Alkemy Capital Investments ranks #999999 out of 86 companies in the Diversified Financial Services industry.
Is Alkemy Capital Investments' Beneish M-Score too high?
Alkemy Capital Investments' current Beneish M-Score is 0.00. Based on the distribution chart, Alkemy Capital Investments ranks #999999 out of 86 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Alkemy Capital Investments has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Alkemy Capital Investments' Beneish M-Score compare to XXI and DMII?
According to the Diversified Financial Services industry distribution chart, Alkemy Capital Investments ranks #999999 out of 86 companies for Beneish M-Score. This places Alkemy Capital Investments 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 Diversified Financial Services company?
A good Beneish M-Score depends on the Diversified Financial Services 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 Alkemy Capital Investments and its competitors. Alkemy Capital Investments'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 Alkemy Capital Investments stock overvalued right now?
Alkemy Capital Investments (STU:JV2) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Alkemy Capital Investments' overall GF Score™ is 36/100 with 3 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 Alkemy Capital Investments (STU:JV2), 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.

Alkemy Capital Investments Business Description

Other Exchanges ALK:UKJV2:Germany
Address 167-169 Great Portland Street, Fifth Floor, London, GBR, W1W 5PF
Alkemy Capital Investments PLC is an investment vehicle which invests in the critical minerals sector. The company has two identifiable operating segments; (a) the construction and operation of the Project in Teesside, UK and (b) the construction of a Lithium ore enrichment facility in Port Hedland, Australia. The majority of revenue is derived from the UK segment.
36GF Score

Get the complete analysis for STU:JV2

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

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