Flitto (XKRX:300080) Beneish M-Score: -3.68 (As of Sep. 21, 2026)

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XKRX:300080 Flitto Inc XKRX:300080
78 GF Score
Price ₩8,810.00
GF Value ₩15,825.47
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Flitto Beneish M-Score?

Flitto XKRX:300080 -2.50% 78 Beneish M-Score is -3.68 as of Sep. 21, 2026. GuruFocus rates XKRX:300080 with a GF Score™ of 78/100 and a GF Value™ of ₩15,825.47 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,641 Software companies, Flitto ranks better than 89.74% 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 -3.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKRX:300080' s Beneish M-Score Range Over the Past 10 Years
Min: -4.56   Med: -2.09   Max: 2.4
Current: -3.68

During the past 10 years, the highest Beneish M-Score of Flitto was 2.40. The lowest was -4.56. And the median was -2.09.

Flitto Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Flitto'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.

Flitto Beneish M-Score Chart

Flitto Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
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Flitto Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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

XKRX:300080 vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Flitto'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.

Flitto Beneish M-Score vs Software Industry

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

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


XKRX:300080
78GF Score
Flitto Inc XKRX:300080
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flitto 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 Flitto 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was ₩4,393 Mil.
Revenue was 8106.229 + 5213.994 + 10211.547 + 11781.075 = ₩35,313 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₩0 Mil.
Total Current Assets was ₩23,638 Mil.
Total Assets was ₩24,592 Mil.
Property, Plant and Equipment(Net PPE) was ₩649 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩862 Mil.
Selling, General, & Admin. Expense(SGA) was ₩26,020 Mil.
Total Current Liabilities was ₩2,412 Mil.
Long-Term Debt & Capital Lease Obligation was ₩114 Mil.
Net Income was 1555.847 + 167.369 + 898.573 + 3011.748 = ₩5,634 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 563.479 + -1714.611 + 5296.685 + 5714.762 = ₩9,860 Mil.
 Total Receivables was ₩7,554 Mil.
Revenue was 9378.41 + 4608.611 + 5580.571 + 6888.022 = ₩26,456 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₩0 Mil.
Total Current Assets was ₩17,929 Mil.
Total Assets was ₩19,565 Mil.
Property, Plant and Equipment(Net PPE) was ₩1,006 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩728 Mil.
Selling, General, & Admin. Expense(SGA) was ₩19,969 Mil.
Total Current Liabilities was ₩3,366 Mil.
Long-Term Debt & Capital Lease Obligation was ₩292 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)
=(4392.774 / 35312.845) / (7554.266 / 26455.613)
=0.124396 / 0.285545
=

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 / 26455.613) / (0 / 35312.845)
=0 / 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 - (23637.646 + 649.313) / 24591.912) / (1 - (17928.541 + 1005.779) / 19565.082)
=0.012401 / 0.032239
=

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
=35312.845 / 26455.613
=

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))
=(728.348 / (728.348 + 1005.779)) / (862.215 / (862.215 + 649.313))
=0.420008 / 0.570426
=

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)
=(26020.39 / 35312.845) / (19968.892 / 26455.613)
=0.736853 / 0.754807
=

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)
=((114.421 + 2411.515) / 24591.912) / ((291.781 + 3366.21) / 19565.082)
=0.102714 / 0.186965
=

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
=(5633.537 - 0 - 9860.316) / 24591.912
=-0.171877

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 -3.68 mean?
Flitto (XKRX:300080) has a Beneish M-Score of -3.68 as of Sep. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Flitto and its competitors. According to the industry distribution chart, Flitto ranks #271 out of 2641 companies in the Software industry, placing it in the top 10.3%.
Is Flitto's Beneish M-Score too high?
Flitto's current Beneish M-Score is -3.68. Based on the distribution chart, Flitto ranks #271 out of 2641 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Flitto has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flitto's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Flitto ranks #271 out of 2641 companies for Beneish M-Score. This places Flitto in the top 10% of its industry — outperforming the majority of peers. 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 Flitto and its competitors. Flitto's current Beneish M-Score is -3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flitto stock overvalued right now?
Based on GuruFocus' analysis, Flitto (XKRX:300080) is currently considered Significantly Undervalued. The stock's GF Value™ is ₩15,825.47, compared to a current price of ₩8,810.00 — trading 44.3% below its estimated fair value. The current Beneish M-Score is -3.68. Flitto's overall GF Score™ is 78/100 with 1 warning sign 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 Flitto (XKRX:300080), the current Beneish M-Score is -3.68 as of Sep. 21, 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 Flitto (XKRX:300080) Overvalued in 2026?

Based on GuruFocus' analysis, Flitto stock appears to be undervalued. The current stock price of ₩8,810.00 is trading 44.3% below its estimated GF Value™ of ₩15,825.47. GuruFocus considers Flitto to be Significantly Undervalued.

Key valuation signals for XKRX:300080:

  • Beneish M-Score: -3.68
  • GF Value™: ₩15,825.47 vs. price of ₩8,810.00 (44.3% below fair value)
  • GF Score™: 78/100 with 1 warning sign

No single metric tells the full story. See the XKRX:300080 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Flitto Business Description

Address Samseong-ro 547, Gangnam-gu, BK-Tower 2nd Floor, Seoul, KOR
Flitto Inc is a South Korea based company involved in providing translation services through its website and app. It supports several languages including Korean, English, Chinese, French, Japanese, Arabian, German, Russian and Finnish among others. The company's translation platform can handle various translation requests and translations, including text, voice, image, and video.
78GF Score

Get the complete analysis for XKRX:300080

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

₩8,810.00
Price
₩15,825.47
GF Value