Mmcite AS (XPRA:MMCTE) Beneish M-Score: -2.22 (As of Jun. 27, 2026)


XPRA:MMCTE Mmcite AS XPRA:MMCTE
12 GF Score
Price Kč169.00
! 2 Warning Signs
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What is Mmcite AS Beneish M-Score?

Mmcite AS XPRA:MMCTE 12 Beneish M-Score is -2.22 as of Jun. 27, 2026. GuruFocus rates XPRA:MMCTE with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, Mmcite AS ranks worse than 74.22% 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 -2.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XPRA:MMCTE' s Beneish M-Score Range Over the Past 10 Years
Min: -2.58   Med: -2.4   Max: -2.22
Current: -2.22

During the past 4 years, the highest Beneish M-Score of Mmcite AS was -2.22. The lowest was -2.58. And the median was -2.40.

Mmcite AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Mmcite AS'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.

Mmcite AS Beneish M-Score Chart

Mmcite AS Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.58 -2.22

Mmcite AS Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -2.58 -2.22

XPRA:MMCTE vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Mmcite AS'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.

Mmcite AS Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

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

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


XPRA:MMCTE
12GF Score
Mmcite AS XPRA:MMCTE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mmcite AS 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 Mmcite AS 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 * 1.26+0.528 * 0.8416+0.404 * 0.7949+0.892 * 1.0862+0.115 * 0.7949
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.03274-0.327 * 1.0508
=-2.22

* 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 Kč213.8 Mil.
Revenue was Kč745.9 Mil.
Gross Profit was Kč207.2 Mil.
Total Current Assets was Kč330.7 Mil.
Total Assets was Kč573.9 Mil.
Property, Plant and Equipment(Net PPE) was Kč66.6 Mil.
Depreciation, Depletion and Amortization(DDA) was Kč13.1 Mil.
Selling, General, & Admin. Expense(SGA) was Kč0.0 Mil.
Total Current Liabilities was Kč211.6 Mil.
Long-Term Debt & Capital Lease Obligation was Kč8.2 Mil.
Net Income was Kč53.2 Mil.
Gross Profit was Kč0.0 Mil.
Cash Flow from Operations was Kč34.4 Mil.
 Total Receivables was Kč156.2 Mil.
Revenue was Kč686.8 Mil.
Gross Profit was Kč160.5 Mil.
Total Current Assets was Kč276.9 Mil.
Total Assets was Kč558.0 Mil.
Property, Plant and Equipment(Net PPE) was Kč65.1 Mil.
Depreciation, Depletion and Amortization(DDA) was Kč9.8 Mil.
Selling, General, & Admin. Expense(SGA) was Kč0.0 Mil.
Total Current Liabilities was Kč193.9 Mil.
Long-Term Debt & Capital Lease Obligation was Kč9.5 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)
=(213.75 / 745.946) / (156.18 / 686.76)
=0.286549 / 0.227416
=1.26

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)
=(160.521 / 686.76) / (207.182 / 745.946)
=0.233737 / 0.277744
=0.8416

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 - (330.709 + 66.631) / 573.916) / (1 - (276.867 + 65.134) / 557.973)
=0.307669 / 0.387065
=0.7949

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
=745.946 / 686.76
=1.0862

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))
=(9.787 / (9.787 + 65.134)) / (13.103 / (13.103 + 66.631))
=0.130631 / 0.164334
=0.7949

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 / 745.946) / (0 / 686.76)
=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)
=((8.23 + 211.626) / 573.916) / ((9.5 + 193.913) / 557.973)
=0.38308 / 0.364557
=1.0508

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
=(53.216 - 0 - 34.426) / 573.916
=0.03274

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.

Mmcite AS has a M-score of -2.22 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 -2.22 mean?
Mmcite AS (XPRA:MMCTE) has a Beneish M-Score of -2.22 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mmcite AS and its competitors. According to the industry distribution chart, Mmcite AS ranks #311 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 74.2%.
Is Mmcite AS's Beneish M-Score too high?
Mmcite AS's current Beneish M-Score is -2.22. Based on the distribution chart, Mmcite AS ranks #311 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Mmcite AS has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mmcite AS's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Mmcite AS ranks #311 out of 419 companies for Beneish M-Score. This places Mmcite AS 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Mmcite AS and its competitors. Mmcite AS's current Beneish M-Score is -2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mmcite AS stock overvalued right now?
Mmcite AS (XPRA:MMCTE) has a current Beneish M-Score of -2.22. The current Beneish M-Score is -2.22. Mmcite AS's overall GF Score™ is 12/100 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 Mmcite AS (XPRA:MMCTE), the current Beneish M-Score is -2.22 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.

Mmcite AS Business Description

Address Vinohradska 907, Maratice, Uherske Hradište, CZE, 686 05
Mmcite AS is a company that specializes in design and construction projects for public spaces. Their range of products and services includes the design and realization of both transportation terminals and street furniture, for example such as benches, litter bins, rails and cycle stands. Within the industry of street furniture, it is one of the first manufactures in the world to introduce products created by 3D concrete printing.
12GF Score

Get the complete analysis for XPRA:MMCTE

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

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