Inversiones La Construccion (XSGO:ILC) Beneish M-Score: -2.58 (As of Jun. 26, 2026)

What is Inversiones La Construccion Beneish M-Score?

Inversiones La Construccion XSGO:ILC +0.41% 63 Beneish M-Score is -2.58 as of Jun. 26, 2026. GuruFocus rates XSGO:ILC with a GF Score™ of 63/100 and a GF Value™ of CLP12,228.44 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 397 Insurance companies, Inversiones La Construccion ranks better than 60.71% 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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSGO:ILC' s Beneish M-Score Range Over the Past 10 Years
Min: -13.97 Med: -2.58 Max: 7.39
Current: -2.58

During the past 13 years, the highest Beneish M-Score of Inversiones La Construccion was 7.39. The lowest was -13.97. And the median was -2.58.

Inversiones La Construccion Beneish M-Score Related Terms

Inversiones La Construccion Beneish M-Score Historical Data

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The historical data trend for Inversiones La Construccion'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.

Inversiones La Construccion Beneish M-Score Chart

Inversiones La Construccion Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.60

6.14

-2.67

-2.06

-2.75

Inversiones La Construccion Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.06	-1.26	-2.85	-2.75	-2.58

XSGO:ILC vs AFL, MET, PRU: Beneish M-Score Comparison

For the Insurance - Life subindustry, Inversiones La Construccion'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.

Inversiones La Construccion Beneish M-Score vs Insurance Industry

For the Insurance industry and Financial Services sector, Inversiones La Construccion's Beneish M-Score distribution charts can be found below:

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

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63GF Score

Inversiones La Construccion SA XSGO:ILC

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Inversiones La Construccion 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 Inversiones La Construccion 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 * 1.2108

0.528 * 0.4251

0.404 * 0.9569

0.892 * 0.9321

0.115 * 1.4101

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9349

4.679 * -0.000715

0.327 * 0.9044

-2.58

This Year (Mar26) TTM:

Last Year (Dec24) TTM:

Total Receivables was CLP4,523,868 Mil.
Revenue was 973838.885 + 0 + 907798.959 + 855754.037 = CLP2,737,392 Mil.
Gross Profit was 41730.317 + 0 + 97577.781 + 11218.341 = CLP150,526 Mil.
Total Current Assets was CLP6,354,508 Mil.
Total Assets was CLP18,837,797 Mil.
Property, Plant and Equipment(Net PPE) was CLP672,002 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP5,575 Mil.
Selling, General, & Admin. Expense(SGA) was CLP87,829 Mil.
Total Current Liabilities was CLP2,414,175 Mil.
Long-Term Debt & Capital Lease Obligation was CLP1,125,572 Mil.
Net Income was 89143.442 + 0 + 74453.37 + 39559.814 = CLP203,157 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was -33601.063 + 0 + 134892.694 + 115340.507 = CLP216,632 Mil.

Total Receivables was CLP4,008,490 Mil.
Revenue was 896212.406 + 781028.812 + 615375.31 + 644291.854 = CLP2,936,908 Mil.
Gross Profit was 69069.93 + 15784.372 + -54059.448 + 37851.262 = CLP68,646 Mil.
Total Current Assets was CLP5,110,192 Mil.
Total Assets was CLP16,490,104 Mil.
Property, Plant and Equipment(Net PPE) was CLP575,162 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP6,751 Mil.
Selling, General, & Admin. Expense(SGA) was CLP100,792 Mil.
Total Current Liabilities was CLP2,145,641 Mil.
Long-Term Debt & Capital Lease Obligation was CLP1,280,494 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)
	=	(4523867.682 / 2737391.881)	/	(4008489.55 / 2936908.382)
	=	1.65262	/	1.364867
	=	1.2108

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)
	=	(68646.116 / 2936908.382)	/	(150526.439 / 2737391.881)
	=	0.023374	/	0.054989
	=	0.4251

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 - (6354508.44 + 672002.116) / 18837797.4)	/	(1 - (5110191.933 + 575161.586) / 16490103.741)
	=	0.626999	/	0.655226
	=	0.9569

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
	=	2737391.881	/	2936908.382
	=	0.9321

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))
	=	(6751.07 / (6751.07 + 575161.586))	/	(5574.889 / (5574.889 + 672002.116))
	=	0.011602	/	0.008228
	=	1.4101

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)
	=	(87828.835 / 2737391.881)	/	(100791.536 / 2936908.382)
	=	0.032085	/	0.034319
	=	0.9349

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)
	=	((1125572.162 + 2414175.362) / 18837797.4)	/	((1280493.545 + 2145641.109) / 16490103.741)
	=	0.187907	/	0.207769
	=	0.9044

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
	=	(203156.626 - 0	-	216632.138)	/	18837797.4
	=	-0.000715

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.

Inversiones La Construccion has a M-score of -2.58 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 -2.58 mean?

Inversiones La Construccion (XSGO:ILC) has a Beneish M-Score of -2.58 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inversiones La Construccion and its competitors. According to the industry distribution chart, Inversiones La Construccion ranks #156 out of 397 companies in the Insurance industry, placing it in the top 39.3%.

Is Inversiones La Construccion's Beneish M-Score too high?

Inversiones La Construccion's current Beneish M-Score is -2.58. Based on the distribution chart, Inversiones La Construccion ranks #156 out of 397 companies in the Insurance industry, which is above the industry midpoint. Overall, Inversiones La Construccion has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Inversiones La Construccion's Beneish M-Score compare to AFL and MET?

According to the Insurance industry distribution chart, Inversiones La Construccion ranks #156 out of 397 companies for Beneish M-Score. This puts Inversiones La Construccion in the upper 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 an Insurance company?

A good Beneish M-Score depends on the Insurance 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 Inversiones La Construccion and its competitors. Inversiones La Construccion's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Inversiones La Construccion stock overvalued right now?

Based on GuruFocus' analysis, Inversiones La Construccion (XSGO:ILC) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP12,228.44, compared to a current price of CLP21,960.00 — trading 79.6% above its estimated fair value. The current Beneish M-Score is -2.58. Inversiones La Construccion's overall GF Score™ is 63/100 with 10 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 Inversiones La Construccion (XSGO:ILC), the current Beneish M-Score is -2.58 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.

Is Inversiones La Construccion (XSGO:ILC) Overvalued in 2026?

Based on GuruFocus' analysis, Inversiones La Construccion stock appears to be overvalued. The current stock price of CLP21,960.00 is trading 79.6% above its estimated GF Value™ of CLP12,228.44. GuruFocus considers Inversiones La Construccion to be Significantly Overvalued.

Key valuation signals for XSGO:ILC:

Beneish M-Score: -2.58
GF Value™: CLP12,228.44 vs. price of CLP21,960.00 (79.6% above fair value)
GF Score™: 63/100 with 10 warning signs

No single metric tells the full story. See the XSGO:ILC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Inversiones La Construccion Business Description

Industry Financial Services Insurance

Comparable Companies XSGO:BANVIDA XSGO:CONSOGRAL SHSE:601318 SHSE:601628 HKSE:01299 TSX:MFC AFL BOM:543526 MET TSX:GWO TPE:2881 XKRX:032830 SHSE:601601 TPE:2882 TSX:POW TSE:8750 LSE:PRU PRU SHSE:601336 BOM:540719

Address Apoquindo Avenue 6750, 20th Floor, Las Condes, Santiago, CHL

Website https://www.ilcinversiones.cl

Inversiones La Construccion SA is a Chile-based holding company with its presence in Chile and Peru. Along with its subsidiaries, the company operates in the following business segments: AFP, ISAPRE, Insurance, Health, Banking, and Others. The majority of the group's revenue is generated from the Insurance segment, which provides individual, group, disability, and survivorship insurance, and life annuity products. The AFP segment includes the administration of pension funds; the ISAPRE segment includes the administration of health contributions; the Health segment provides health benefits and benefits, either directly or through the financing of these related or complementary activities; and the Bank segment represents results from the group's banking business.

63GF Score

Get the complete analysis for XSGO:ILC

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

CLP21,960.00

Price

CLP12,228.44

GF Value

View XSGO:ILC Analysis

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