Audientes AS (XSAT:AUDNTS) Beneish M-Score: -7.64 (As of Jun. 30, 2026)


What is Audientes AS Beneish M-Score?

Audientes AS XSAT:AUDNTS Beneish M-Score is -7.64 as of Jun. 30, 2026. The stock has 5 warning signs investors should review.

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 -7.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSAT:AUDNTS' s Beneish M-Score Range Over the Past 10 Years
Min: -7.64   Med: -5.27   Max: 1.93
Current: -7.64

During the past 7 years, the highest Beneish M-Score of Audientes AS was 1.93. The lowest was -7.64. And the median was -5.27.

Audientes AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Audientes 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.

Audientes AS Beneish M-Score Chart

Audientes AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -1.71 1.93 -5.36

Audientes AS Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 -5.94 0.00 -5.36 -5.27 -7.64

XSAT:AUDNTS vs ISRG, BDX, RMD: Beneish M-Score Comparison

For the Medical Instruments & Supplies subindustry, Audientes 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.

Audientes AS Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Audientes AS's Beneish M-Score distribution charts can be found below:

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


Audientes 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 Audientes 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 * 0.2433+0.528 * 1.8359+0.404 * 0.7209+0.892 * 1.971+0.115 * 0.98
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -1.159602-0.327 * 1.7179
=-7.64

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was kr0.31 Mil.
Revenue was 0.218 + 0.307 + 0.966 + 0.277 = kr1.77 Mil.
Gross Profit was -0.642 + -0.901 + -0.856 + -0.27 = kr-2.67 Mil.
Total Current Assets was kr3.74 Mil.
Total Assets was kr6.54 Mil.
Property, Plant and Equipment(Net PPE) was kr0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was kr5.05 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr7.69 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Net Income was -3.222 + -2.922 + -2.553 + -2.408 = kr-11.11 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.00 Mil.
Cash Flow from Operations was -0.418 + -0.3 + -2.499 + -0.31 = kr-3.53 Mil.
 Total Receivables was kr0.64 Mil.
Revenue was 0.226 + 0.229 + 0.22 + 0.222 = kr0.90 Mil.
Gross Profit was -0.76 + -0.589 + 0.051 + -1.188 = kr-2.49 Mil.
Total Current Assets was kr4.51 Mil.
Total Assets was kr11.30 Mil.
Property, Plant and Equipment(Net PPE) was kr0.13 Mil.
Depreciation, Depletion and Amortization(DDA) was kr5.39 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr7.74 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 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)
=(0.305 / 1.768) / (0.636 / 0.897)
=0.172511 / 0.70903
=0.2433

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)
=(-2.486 / 0.897) / (-2.669 / 1.768)
=-2.77146 / -1.509615
=1.8359

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 - (3.738 + 0.022) / 6.535) / (1 - (4.509 + 0.134) / 11.298)
=0.424637 / 0.589042
=0.7209

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
=1.768 / 0.897
=1.971

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))
=(5.394 / (5.394 + 0.134)) / (5.053 / (5.053 + 0.022))
=0.97576 / 0.995665
=0.98

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 / 1.768) / (0 / 0.897)
=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 + 7.693) / 6.535) / ((0 + 7.742) / 11.298)
=1.1772 / 0.685254
=1.7179

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
=(-11.105 - 0 - -3.527) / 6.535
=-1.159602

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.

Audientes AS has a M-score of -7.64 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 -7.64 mean?
Audientes AS (XSAT:AUDNTS) has a Beneish M-Score of -7.64 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Audientes AS and its competitors.
Is Audientes AS's Beneish M-Score too high?
Audientes AS's current Beneish M-Score is -7.64.
How does Audientes AS's Beneish M-Score compare to ISRG and BDX?
Audientes AS's Beneish M-Score of -7.64 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Audientes AS and its competitors. Audientes AS's current Beneish M-Score is -7.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Audientes AS stock overvalued right now?
Audientes AS (XSAT:AUDNTS) has a current Beneish M-Score of -7.64. The current Beneish M-Score is -7.64. 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 Audientes AS (XSAT:AUDNTS), the current Beneish M-Score is -7.64 as of Jun. 30, 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.

Audientes AS Business Description

Address Slotsmarken 18, Horsholm, DNK, 2970
Audientes AS is a Danish hearing technology company specializing in smart, self-fitting, and affordable hearing aids. Audientes' hearing aid solutions portfolio comprises Ven, a self-fitting, binaural hearing aid designed for individuals with severe to profound hearing loss in one or both ears, and Companion, a hearable that doubles as a premium Bluetooth headset, designed for individuals seeking enhanced hearing in specific situations. It offers crystal-clear sound, natural speech clarity, and Bluetooth connectivity for calls and media streaming.