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Worldline SA provides payments and transactional services for financial institutions, merchants, corporations, and government agencies in Northern Europe, Central and Eastern Europe, Southern Europe, ...
The following section summarizes insights on Worldline SA's Beneish M-Score:
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.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Beneish M-Score in the risk category include:
A statistical score that uses financial ratios to identify whether a company has manipulated its earnings
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
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:
Economic Risk Region | Developed |
Total Constituents | 892 |
Included Constituents | 856 |
Min | -13.31 |
Max | 9.35 |
Median | -2.47 |
Mean | -2.35 |
Standard Deviation | 2.14 |
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