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SGI (Somnigroup International) Beneish M-Score : -2.66 (As of Mar. 16, 2025)


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What is Somnigroup International 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SGI' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.67   Max: -2.45
Current: -2.66

During the past 13 years, the highest Beneish M-Score of Somnigroup International was -2.45. The lowest was -2.89. And the median was -2.67.


Somnigroup International Beneish M-Score Historical Data

The historical data trend for Somnigroup International'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.

* Premium members only.

Somnigroup International Beneish M-Score Chart

Somnigroup International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.89 -2.45 -2.45 -2.69 -2.66

Somnigroup International 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 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 -2.69 -2.72 -2.76 -2.84 -2.66

Competitive Comparison of Somnigroup International's Beneish M-Score

For the Furnishings, Fixtures & Appliances subindustry, Somnigroup International'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.


Somnigroup International's Beneish M-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Somnigroup International's Beneish M-Score distribution charts can be found below:

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



Somnigroup International 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 Somnigroup International 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 * 0.9366+0.528 * 0.9775+0.404 * 1.3787+0.892 * 1.0011+0.115 * 0.7822
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.012+4.679 * -0.051167-0.327 * 0.9937
=-2.66

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was $405 Mil.
Revenue was 1207.9 + 1300 + 1233.6 + 1189.4 = $4,931 Mil.
Gross Profit was 523.4 + 589.9 + 554.2 + 512.6 = $2,180 Mil.
Total Current Assets was $1,065 Mil.
Total Assets was $5,980 Mil.
Property, Plant and Equipment(Net PPE) was $1,410 Mil.
Depreciation, Depletion and Amortization(DDA) was $165 Mil.
Selling, General, & Admin. Expense(SGA) was $1,565 Mil.
Total Current Liabilities was $960 Mil.
Long-Term Debt & Capital Lease Obligation was $4,273 Mil.
Net Income was 71.9 + 130 + 106.1 + 76.3 = $384 Mil.
Non Operating Income was 12.8 + 2.1 + 3.7 + 5.2 = $24 Mil.
Cash Flow from Operations was 129.1 + 256.6 + 150.6 + 130.2 = $667 Mil.
Total Receivables was $431 Mil.
Revenue was 1170.5 + 1277.1 + 1269.7 + 1208.1 = $4,925 Mil.
Gross Profit was 512.8 + 573.7 + 542.3 + 499.9 = $2,129 Mil.
Total Current Assets was $1,103 Mil.
Total Assets was $4,554 Mil.
Property, Plant and Equipment(Net PPE) was $1,515 Mil.
Depreciation, Depletion and Amortization(DDA) was $135 Mil.
Selling, General, & Admin. Expense(SGA) was $1,545 Mil.
Total Current Liabilities was $908 Mil.
Long-Term Debt & Capital Lease Obligation was $3,102 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)
=(404.5 / 4930.9) / (431.4 / 4925.4)
=0.082034 / 0.087587
=0.9366

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)
=(2128.7 / 4925.4) / (2180.1 / 4930.9)
=0.432188 / 0.44213
=0.9775

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 - (1065.4 + 1409.9) / 5980.4) / (1 - (1103.2 + 1514.8) / 4553.9)
=0.586098 / 0.425108
=1.3787

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
=4930.9 / 4925.4
=1.0011

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))
=(135.3 / (135.3 + 1514.8)) / (165.1 / (165.1 + 1409.9))
=0.081995 / 0.104825
=0.7822

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)
=(1564.8 / 4930.9) / (1544.5 / 4925.4)
=0.317346 / 0.313579
=1.012

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)
=((4272.5 + 960.3) / 5980.4) / ((3101.8 + 908.2) / 4553.9)
=0.874992 / 0.880564
=0.9937

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
=(384.3 - 23.8 - 666.5) / 5980.4
=-0.051167

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.

Somnigroup International has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.


Somnigroup International Beneish M-Score Related Terms

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Somnigroup International Business Description

Traded in Other Exchanges
Address
1000 Tempur Way, Lexington, KY, USA, 40511
Somnigroup International Inc is a bedding company, dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, It delivers breakthrough sleep solutions and serves the evolving needs of consumers in more than 100 countries worldwide through its fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. The company's portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic, Sealy and Stearns & Foster, and its Multinational omnichannel platform enables the company to meet consumers wherever shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.
Executives
Evelyn S Dilsaver director C/O LONGS DRUG STORES CORPORATION, 141 NORTH CIVIC DRIVE, WALNUT CREEK CA 94596
Hansbart Wijnand officer: EVP, INTERNATIONAL 1000 TEMPUR WAY, LEXINGTON KY 40511
David Montgomery officer: Exec VP, Pres of Intl Ops TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
Bhaskar Rao officer: CAO & VP of Strategic Planning TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
Simon Dyer director 1000 TEMPUR WAY, LEXINGTON KY 40511
Meredith R. Siegfried director C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Scott L Thompson director, officer: Chairman, President and CEO 950 ECHO LN STE 100, HOUSTON TX 77024
Thomas A. Murray officer: EVP, CMO U.S. C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Buster H Clifford Iii officer: EVP, Direct to Consumer 1000 TEMPUR WAY, LEXINGTON KY 74135
Scott Vollet officer: EVP, Global Operations 1000, TEMPUR WAY, LEXINGTON KY 40511
Trussell Robert B Jr director TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
Steven H Rusing officer: President, U.S. Sales C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Arik W Ruchim director 600 CORPORATION DRIVE, PENDLETON IN 46064
Richard W Neu director 1100 WILSON BOULEVARD, SUITE 3000, ARLINGTON VA 22209
John Heil director VCA ANTECH INC, 12401 WEST OLYMPIC BLVD, LOS ANGELES CA 90064