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Beneish M-Score for Worldline SA

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WLN: Worldline SA

Worldline SA provides payments and transactional services for financial institutions, merchants, corporations, and government agencies in Northern Europe, Central and Eastern Europe, Southern Europe, ...

6.97 EUR
Price
EUR
Fair Value
Upside
5.79 - 12.83
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Worldline SA's Beneish M-Score:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024-3.00-2.00-1.000.00

Performance Summary
  • Beneish m-score for Worldline is not meaningful.
  • Looking back at the last 5 years, Worldline's beneish m-score peaked in December 2021 at 0.29.
  • Worldline's beneish m-score hit its 5-year low in December 2023 of -2.98.
  • Worldline's beneish m-score decreased in 2022 (-2.70, -1,034.7%) and 2023 (-2.98, +10.3%) and increased in 2020 (-1.41, -41.6%) and 2021 (0.29, -120.5%).

How does Worldline SA's Beneish M-Score benchmark against competitors?

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We've identified the following companies as similar to Worldline SA because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Beneish M-Score

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beneish_mscore
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Beneish M-Score in the risk category include:

  • Realized Volatility (90d Annualized) - Realized volatility (also known as rolling volatility) over the last 90 days.
  • Current Ratio - A ratio that compares a company's current total assets to its current total liabilities.
  • Sloan Ratio - A formula developed by Richard Sloan in 1996 that measures the degree of accruals versus reported earnings.
  • Equity / Total Assets - A ratio that measures a company's book value of total equity as a percentage of total assets.
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Beneish M-Score

A statistical score that uses financial ratios to identify whether a company has manipulated its earnings

Definition of Beneish M-Score

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The Beneish M-Score statistical score that uses financial ratios to identify whether a company has manipulated its earnings.

The Beneish M-Score outlines eight financial ratios required to calculate the score:

1) Days Sales in Receivables Index (DSRI)

DSRI = (Net Receivablest / Salest) / (Net Receivablest-1 / Salest-1)

2) Gross Margin Index (GMI)

GMI = [(Salest-1 - COGSt-1) / Salest-1] / [(Salest - COGSt) / Salest]

3) Asset Quality Index (AQI)

AQI = [(Total Assets - Current Assetst - PP&Et) / Total Assetst] / [(Total Assets - Current Assetst-1 - PP&Et-1) / Total Assetst-1]

4) Sales Growth Index (SGI)

SGI = Salest / Salest-1

5) Depreciation Index (DEPI)

DEPI = (Depreciationt-1/ (PP&Et-1 + Depreciationt-1)) / (Depreciationt / (PP&Et + Depreciationt))

6) Sales General and Administrative Expenses Index (SGAI)

SGAI = (SG&A Expenset / Salest) / (SG&A Expenset-1 / Salest-1)

7) Leverage Index (LVGI)

LVGI = [(Current Liabilitiest + Total Long Term Debtt) / Total Assetst] / [(Current Liabilitiest-1 + Total Long Term Debtt-1) / Total Assetst-1]

8) Total Accruals to Total Assets (TATA)

TATA = (Income from Continuing Operationst - Cash Flows from Operationst) / Total Assetst

After computing the eight variables outlined above, they can be weighted together using the following multivariate model to calculate the score:

Beneish M-Score =
-4.84
(+) 0.92 × DSRI
(+) 0.528 × GMI
(+) 0.404 × AQI
(+) 0.892 × SGI
(+) 0.115 × DEPI
(+) -0.172 × SGAI
(+) 4.679 × TATA
(+) -0.327 × LVGI

Click the link below to download a spreadsheet with an example Beneish M-Score calculation for Worldline SA below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-13.32-7.32-1.329.9950150250

The chart above depicts the distribution of beneish m-score for companies operating in the Financials sector in the Developed economic region. Over 890 companies were considered in this analysis, and 856 had meaningful values. The average beneish m-score of companies in the sector is -2.35 with a standard deviation of 2.14.

Worldline SA's Beneish M-Score of NM ranks in the - percentile for the sector. The following table provides additional summary stats:

Beneish M-Score In The Financials Sector
Economic Risk RegionDeveloped
Total Constituents892
Included Constituents856
Min-13.31
Max9.35
Median-2.47
Mean-2.35
Standard Deviation2.14

You can find companies with similar beneish m-score using this stock screener.

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