Groupe Plus-Values (XPAR:MLPVG) Beneish M-Score : -1.27 (As of Jun. 08, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Groupe Plus-Values 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.

Warning Sign:

Beneish M-Score -1.27 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XPAR:MLPVG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.89 Med: -2.55 Max: 0.57
Current: -1.27

During the past 8 years, the highest Beneish M-Score of Groupe Plus-Values was 0.57. The lowest was -3.89. And the median was -2.55.

Groupe Plus-Values Beneish M-Score Historical Data

The historical data trend for Groupe Plus-Values'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.

Groupe Plus-Values Beneish M-Score Chart

Groupe Plus-Values Annual Data

Trend

Dec09

Dec10

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

Get a 7-Day Free Trial

-3.89

-3.39

-2.23

-2.86

-1.27

Groupe Plus-Values Semi-Annual Data
	Dec09	Dec10	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Beneish M-Score	Get a 7-Day Free Trial			-3.89	-3.39	-2.23	-2.86	-1.27

Competitive Comparison of Groupe Plus-Values's Beneish M-Score

For the Internet Content & Information subindustry, Groupe Plus-Values'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.

Groupe Plus-Values's Beneish M-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Groupe Plus-Values's Beneish M-Score distribution charts can be found below:

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

Groupe Plus-Values 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 Groupe Plus-Values for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 2.5544

0.528 * 1.1062

0.404 * 1.1011

0.892 * 0.8733

0.115 * 0.8821

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.042373

0.327 * 0.9703

-1.27

This Year (Dec22) TTM:

Last Year (Dec21) TTM:

Total Receivables was €0.03 Mil.
Revenue was €0.19 Mil.
Gross Profit was €0.11 Mil.
Total Current Assets was €0.08 Mil.
Total Assets was €0.59 Mil.
Property, Plant and Equipment(Net PPE) was €0.22 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.01 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.14 Mil.
Long-Term Debt & Capital Lease Obligation was €0.15 Mil.
Net Income was €-0.03 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.00 Mil.

Total Receivables was €0.01 Mil.
Revenue was €0.22 Mil.
Gross Profit was €0.13 Mil.
Total Current Assets was €0.13 Mil.
Total Assets was €0.65 Mil.
Property, Plant and Equipment(Net PPE) was €0.23 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.01 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.16 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)
	=	(0.029 / 0.193)	/	(0.013 / 0.221)
	=	0.150259	/	0.058824
	=	2.5544

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)
	=	(0.133 / 0.221)	/	(0.105 / 0.193)
	=	0.60181	/	0.544041
	=	1.1062

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 - (0.075 + 0.218) / 0.59)	/	(1 - (0.129 + 0.226) / 0.654)
	=	0.50339	/	0.457187
	=	1.1011

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
	=	0.193	/	0.221
	=	0.8733

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))
	=	(0.01 / (0.01 + 0.226))	/	(0.011 / (0.011 + 0.218))
	=	0.042373	/	0.048035
	=	0.8821

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 / 0.193)	/	(0 / 0.221)
	=	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)
	=	((0.146 + 0.135) / 0.59)	/	((0.164 + 0.157) / 0.654)
	=	0.476271	/	0.490826
	=	0.9703

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
	=	(-0.025 - 0	-	0)	/	0.59
	=	-0.042373

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.

Groupe Plus-Values has a M-score of -1.27 signals that the company is likely to be a manipulator.

Groupe Plus-Values Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Groupe Plus-Values's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Groupe Plus-Values (XPAR:MLPVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Groupe Plus-Values SA (XPAR:MLPVG) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue du General De Gaulle, Cedex, Rosny sous bois, FRA, 93118

Website

http://www.groupe-pv.com

Groupe Plus-Values SA publishes websites specializing in economic fields such as the Stock Exchange, Finance and Employments, its field of action focuses on Capital and Labor.

Groupe Plus-Values (XPAR:MLPVG) Headlines

No Headlines