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Sharecare (Sharecare) Beneish M-Score : -3.32 (As of May. 06, 2024)


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What is Sharecare Beneish M-Score?

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 -3.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SHCR' s Beneish M-Score Range Over the Past 10 Years
Min: -3.32   Med: -3.13   Max: -2.94
Current: -3.32

During the past 5 years, the highest Beneish M-Score of Sharecare was -2.94. The lowest was -3.32. And the median was -3.13.


Sharecare Beneish M-Score Historical Data

The historical data trend for Sharecare'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.

* Premium members only.

Sharecare Beneish M-Score Chart

Sharecare Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
- - - -2.94 -3.32

Sharecare Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -2.94 -2.63 -2.94 -2.94 -3.32

Competitive Comparison of Sharecare's Beneish M-Score

For the Health Information Services subindustry, Sharecare'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.


Sharecare's Beneish M-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sharecare's Beneish M-Score distribution charts can be found below:

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



Sharecare 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 Sharecare 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 * 1.0712+0.528 * 1.0772+0.404 * 1.0431+0.892 * 1.0064+0.115 * 0.9101
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8529+4.679 * -0.188616-0.327 * 1.3244
=-3.32

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was $130.4 Mil.
Revenue was 105.276 + 113.327 + 110.353 + 116.295 = $445.3 Mil.
Gross Profit was 45.938 + 48.96 + 47.405 + 48.405 = $190.7 Mil.
Total Current Assets was $267.8 Mil.
Total Assets was $613.6 Mil.
Property, Plant and Equipment(Net PPE) was $10.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $66.0 Mil.
Selling, General, & Admin. Expense(SGA) was $195.4 Mil.
Total Current Liabilities was $116.6 Mil.
Long-Term Debt & Capital Lease Obligation was $0.5 Mil.
Net Income was -34.245 + -24.451 + -35.143 + -34.659 = $-128.5 Mil.
Non Operating Income was 0.133 + 3.286 + -2.631 + 0.429 = $1.2 Mil.
Cash Flow from Operations was 8.948 + -1.682 + 2.258 + -23.498 = $-14.0 Mil.
Total Receivables was $121.0 Mil.
Revenue was 123.262 + 114.619 + 103.823 + 100.71 = $442.4 Mil.
Gross Profit was 50.021 + 54.297 + 50.585 + 49.218 = $204.1 Mil.
Total Current Assets was $320.6 Mil.
Total Assets was $701.0 Mil.
Property, Plant and Equipment(Net PPE) was $12.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $47.7 Mil.
Selling, General, & Admin. Expense(SGA) was $227.7 Mil.
Total Current Liabilities was $101.0 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 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)
=(130.435 / 445.251) / (120.991 / 442.414)
=0.292947 / 0.273479
=1.0712

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)
=(204.121 / 442.414) / (190.708 / 445.251)
=0.46138 / 0.428316
=1.0772

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 - (267.807 + 10.219) / 613.634) / (1 - (320.626 + 12.837) / 701.001)
=0.546919 / 0.524305
=1.0431

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
=445.251 / 442.414
=1.0064

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))
=(47.715 / (47.715 + 12.837)) / (65.967 / (65.967 + 10.219))
=0.788 / 0.865868
=0.9101

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)
=(195.428 / 445.251) / (227.681 / 442.414)
=0.438916 / 0.514633
=0.8529

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)
=((0.519 + 116.611) / 613.634) / ((0 + 101.032) / 701.001)
=0.190879 / 0.144125
=1.3244

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
=(-128.498 - 1.217 - -13.974) / 613.634
=-0.188616

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.

Sharecare has a M-score of -3.32 suggests that the company is unlikely to be a manipulator.


Sharecare Beneish M-Score Related Terms

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Sharecare (Sharecare) Business Description

Traded in Other Exchanges
Address
255 East Paces Ferry Road NE, Suite 700, Atlanta, GA, USA, 30305
Sharecare Inc is a digital healthcare platform company that helps members consolidate and manage various components of their health in one place, regardless of their health journey. Its platform offers an accessible, interactive, personalized, and rewarding environment that aims to transform user engagement with healthcare from episodic to every day. The platform provides a single destination for people, patients, and caregivers to access quality and clinically reviewed content; digitally connect with other patients, community members, and healthcare professionals; and adopt action plans provided by healthcare professionals from top institutions.
Executives
Brent D Layton director 7700 FORSYTH BOULEVARD, ST. LOUIS MO 63130
Michael Blalock officer: Chief Accounting Officer C/O SHARECARE, INC., 255 E. PACES FERRY RD. NE, SUITE 700, ATLANTA GA 30305
Carrie Ratliff officer: Chief Legal Officer C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Jaffry Mohammed officer: Chief Operating Officer C/O SHARECARE, INC., 255 E. PACES FERRY RD. NE, SUITE 700, ATLANTA GA 30305
Jeffrey Sagansky director 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Kenneth R Goulet director C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Sandro Galea director C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Veronica Mallett director C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
John Huston Chadwick director, other: Affiliate of 10% owner C/O CLARITAS CAPITAL, 30 BURTON HILLS BOULEVARD, SUITE 100, NASHVILLE TN 37215
Jeffrey A Allred director C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Alan G. Mnuchin director 2121 AVENUE OF THE STARS, SUITE 2300, LOS ANGELES CA 90067
Jeffrey T Arnold director, 10 percent owner, officer: CEO and Chairman C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Dawn Whaley officer: President, CMO C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Justin Ferrero officer: President, CFO C/O SHARECARE, INC., 255 EAST PACES FERRY ROAD NE, SUITE 700, ATLANTA GA 30305
Claritas Sc Bactes Partners, Llc other: Affiliate of 10% Owner 30 BURTON HILLS BOULEVARD, SUITE 100, NASHVILLE TN 37215