Damaris (XPAR:MLDAM) Beneish M-Score: -6.02 (As of Jun. 26, 2026)


XPAR:MLDAM Damaris SA XPAR:MLDAM
29 GF Score
Price €6.75
! 2 Warning Signs
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What is Damaris Beneish M-Score?

Damaris XPAR:MLDAM 29 Beneish M-Score is -6.02 as of Jun. 26, 2026. GuruFocus rates XPAR:MLDAM with a GF Score™ of 29/100. The stock has 2 warning signs investors should review. Among 2,634 Software companies, Damaris ranks better than 96.85% 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 -6.02 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XPAR:MLDAM' s Beneish M-Score Range Over the Past 10 Years
Min: -6.02   Med: 11.83   Max: 743.67
Current: -6.02

During the past 8 years, the highest Beneish M-Score of Damaris was 743.67. The lowest was -6.02. And the median was 11.83.

Damaris Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Damaris'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.

Damaris Beneish M-Score Chart

Damaris Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 11.83 743.67 0.00 -2.38 -6.02

Damaris Semi-Annual Data
Dec16 Dec17 Dec18 Dec19 Dec22 Dec23 Dec24 Dec25
Beneish M-Score Get a 7-Day Free Trial 11.83 743.67 0.00 -2.38 -6.02

XPAR:MLDAM vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Damaris'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.

Damaris Beneish M-Score vs Software Industry

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

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


XPAR:MLDAM
29GF Score
Damaris SA XPAR:MLDAM
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Damaris 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 Damaris 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 * 1.0996+0.528 * 1.2203+0.404 * 0.5039+0.892 * 0.7013+0.115 * 0.9438
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.697613-0.327 * 1.0295
=-6.02

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €0.40 Mil.
Revenue was €1.08 Mil.
Gross Profit was €0.23 Mil.
Total Current Assets was €0.55 Mil.
Total Assets was €0.75 Mil.
Property, Plant and Equipment(Net PPE) was €0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.74 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.23 Mil.
Long-Term Debt & Capital Lease Obligation was €0.08 Mil.
Net Income was €-0.53 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.00 Mil.
 Total Receivables was €0.52 Mil.
Revenue was €1.54 Mil.
Gross Profit was €0.40 Mil.
Total Current Assets was €0.78 Mil.
Total Assets was €1.66 Mil.
Property, Plant and Equipment(Net PPE) was €0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.23 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.49 Mil.
Long-Term Debt & Capital Lease Obligation was €0.16 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)
=(0.401 / 1.08) / (0.52 / 1.54)
=0.371296 / 0.337662
=1.0996

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)
=(0.395 / 1.54) / (0.227 / 1.08)
=0.256494 / 0.210185
=1.2203

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 - (0.547 + 0.008) / 0.754) / (1 - (0.776 + 0.016) / 1.663)
=0.263926 / 0.523752
=0.5039

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
=1.08 / 1.54
=0.7013

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))
=(0.225 / (0.225 + 0.016)) / (0.735 / (0.735 + 0.008))
=0.93361 / 0.989233
=0.9438

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)
=(0 / 1.08) / (0 / 1.54)
=0 / 0
=1

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)
=((0.077 + 0.225) / 0.754) / ((0.158 + 0.489) / 1.663)
=0.400531 / 0.389056
=1.0295

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
=(-0.526 - 0 - 0) / 0.754
=-0.697613

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.

Damaris has a M-score of -6.02 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -6.02 mean?
Damaris (XPAR:MLDAM) has a Beneish M-Score of -6.02 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Damaris and its competitors. According to the industry distribution chart, Damaris ranks #83 out of 2634 companies in the Software industry, placing it in the top 3.2%.
Is Damaris' Beneish M-Score too high?
Damaris' current Beneish M-Score is -6.02. Based on the distribution chart, Damaris ranks #83 out of 2634 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Damaris has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Damaris' Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Damaris ranks #83 out of 2634 companies for Beneish M-Score. This places Damaris in the top 3% 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 Damaris and its competitors. Damaris's current Beneish M-Score is -6.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Damaris stock overvalued right now?
Damaris (XPAR:MLDAM) has a current Beneish M-Score of -6.02. The current Beneish M-Score is -6.02. Damaris' overall GF Score™ is 29/100 with 2 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 Damaris (XPAR:MLDAM), the current Beneish M-Score is -6.02 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.

Damaris Business Description

Address 9 chemin du Jublin, Dardilly, FRA, 69570
Damaris SA specializes in the design and publishing of software packages for secured document sharing and storage. The company deals in license sales for physical storage and accounting document management and sales of special peripherals.
29GF Score

Get the complete analysis for XPAR:MLDAM

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

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