Parx Materials NV (XPAR:MLPRX) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


XPAR:MLPRX Parx Materials NV XPAR:MLPRX
23 GF Score
Price €0.49
View Full Analysis

What is Parx Materials NV Beneish M-Score?

Parx Materials NV XPAR:MLPRX 23 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates XPAR:MLPRX with a GF Score™ of 23/100. Among 1,530 Chemicals companies, Parx Materials NV ranks worse than 65359.41% 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 Parx Materials NV's Beneish M-Score or its related term are showing as below:

During the past 9 years, the highest Beneish M-Score of Parx Materials NV was 2.72. The lowest was -2.67. And the median was -2.44.

Parx Materials NV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Parx Materials NV'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.

Parx Materials NV Beneish M-Score Chart

Parx Materials NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 2.72 -2.52 -2.44 0.00 0.00

Parx Materials NV Semi-Annual Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 2.72 -2.52 -2.44 0.00 0.00

XPAR:MLPRX vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Parx Materials NV'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.

Parx Materials NV Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Parx Materials NV's Beneish M-Score distribution charts can be found below:

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


XPAR:MLPRX
23GF Score
Parx Materials NV XPAR:MLPRX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Parx Materials NV 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 Parx Materials NV 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was €0.35 Mil.
Revenue was €0.01 Mil.
Gross Profit was €0.01 Mil.
Total Current Assets was €0.36 Mil.
Total Assets was €2.51 Mil.
Property, Plant and Equipment(Net PPE) was €0.04 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.01 Mil.
Selling, General, & Admin. Expense(SGA) was €0.03 Mil.
Total Current Liabilities was €0.01 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €-0.15 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.00 Mil.
 Total Receivables was €0.28 Mil.
Revenue was €0.00 Mil.
Gross Profit was €-0.19 Mil.
Total Current Assets was €0.31 Mil.
Total Assets was €3.40 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.01 Mil.
Selling, General, & Admin. Expense(SGA) was €0.07 Mil.
Total Current Liabilities was €0.20 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)
=(0.349 / 0.013) / (0.276 / 0)
=26.846154 /
=

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)
=(-0.191 / 0) / (0.013 / 0.013)
= / 1
=

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 - (0.356 + 0.036) / 2.507) / (1 - (0.309 + 0) / 3.397)
=0.843638 / 0.909037
=

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
=0.013 / 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))
=(0.009 / (0.009 + 0)) / (0.009 / (0.009 + 0.036))
=1 / 0.2
=

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)
=(0.032 / 0.013) / (0.069 / 0)
=2.461538 /
=

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 + 0.005) / 2.507) / ((0 + 0.203) / 3.397)
=0.001994 / 0.059759
=

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
=(-0.154 - 0 - 0) / 2.507
=-0.061428

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?
Parx Materials NV (XPAR:MLPRX) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Parx Materials NV and its competitors. According to the industry distribution chart, Parx Materials NV ranks #999999 out of 1530 companies in the Chemicals industry.
Is Parx Materials NV's Beneish M-Score too high?
Parx Materials NV's current Beneish M-Score is 0.00. Based on the distribution chart, Parx Materials NV ranks #999999 out of 1530 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Parx Materials NV has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Parx Materials NV's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Parx Materials NV ranks #999999 out of 1530 companies for Beneish M-Score. This places Parx Materials NV 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Parx Materials NV and its competitors. Parx Materials NV'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 Parx Materials NV stock overvalued right now?
Parx Materials NV (XPAR:MLPRX) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Parx Materials NV's overall GF Score™ is 23/100. 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 Parx Materials NV (XPAR:MLPRX), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Parx Materials NV Business Description

Address Vijverhofstraat 47, Rotterdam, NLD, 3032 SB
Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.
23GF Score

Get the complete analysis for XPAR:MLPRX

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

€0.49
Price