Cygnus Metals (ASX:CY5) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


ASX:CY5 Cygnus Metals Ltd ASX:CY5
37 GF Score
Price A$0.11
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What is Cygnus Metals Beneish M-Score?

Cygnus Metals ASX:CY5 37 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates ASX:CY5 with a GF Score™ of 37/100. Among 685 Metals & Mining companies, Cygnus Metals ranks worse than 145985.26% 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.

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

During the past 9 years, the highest Beneish M-Score of Cygnus Metals was 20.31. The lowest was 20.31. And the median was 20.31.

Cygnus Metals Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cygnus Metals'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.

Cygnus Metals Beneish M-Score Chart

Cygnus Metals Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 20.31 0.00 0.00

Cygnus Metals Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 20.31 0.00 0.00 0.00 0.00

Cygnus Metals Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Cygnus Metals'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.

Cygnus Metals Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cygnus Metals's Beneish M-Score distribution charts can be found below:

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


ASX:CY5
37GF Score
Cygnus Metals Ltd ASX:CY5
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Cygnus Metals 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 Cygnus Metals 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was A$1.23 Mil.
Revenue was A$0.59 Mil.
Gross Profit was A$0.59 Mil.
Total Current Assets was A$14.94 Mil.
Total Assets was A$90.80 Mil.
Property, Plant and Equipment(Net PPE) was A$75.09 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.13 Mil.
Selling, General, & Admin. Expense(SGA) was A$5.10 Mil.
Total Current Liabilities was A$2.96 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Net Income was A$-7.54 Mil.
Gross Profit was A$0.59 Mil.
Cash Flow from Operations was A$-5.68 Mil.
 Total Receivables was A$1.05 Mil.
Revenue was A$0.00 Mil.
Gross Profit was A$0.00 Mil.
Total Current Assets was A$16.13 Mil.
Total Assets was A$78.88 Mil.
Property, Plant and Equipment(Net PPE) was A$62.67 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.04 Mil.
Selling, General, & Admin. Expense(SGA) was A$3.25 Mil.
Total Current Liabilities was A$3.60 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 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)
=(1.234 / 0.592) / (1.053 / 0)
=2.084459 /
=

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)
=(0 / 0) / (0.592 / 0.592)
= / 1
=

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 - (14.942 + 75.094) / 90.803) / (1 - (16.125 + 62.672) / 78.875)
=0.008447 / 0.000989
=

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
=0.592 / 0
=

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))
=(0.042 / (0.042 + 62.672)) / (0.133 / (0.133 + 75.094))
=0.00067 / 0.001768
=

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)
=(5.095 / 0.592) / (3.246 / 0)
=8.606419 /
=

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 + 2.959) / 90.803) / ((0 + 3.6) / 78.875)
=0.032587 / 0.045642
=

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
=(-7.539 - 0.585 - -5.681) / 90.803
=-0.026904

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Cygnus Metals (ASX:CY5) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cygnus Metals and its competitors. Over the past decade, Cygnus Metals' Beneish M-Score has ranged from 20.31 to 20.31. According to the industry distribution chart, Cygnus Metals ranks #999999 out of 685 companies in the Metals & Mining industry.
Is Cygnus Metals' Beneish M-Score too high?
Cygnus Metals' current Beneish M-Score is 0.00. Over the past 10 years, this metric has ranged from a low of 20.31 to a high of 20.31. Based on the distribution chart, Cygnus Metals ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Cygnus Metals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Cygnus Metals' Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Cygnus Metals ranks #999999 out of 685 companies for Beneish M-Score. This places Cygnus Metals in the lower half of its industry. Historically, Cygnus Metals' own Beneish M-Score has ranged from 20.31 to 20.31 over the past decade. 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Cygnus Metals and its competitors. Cygnus Metals's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cygnus Metals stock overvalued right now?
Cygnus Metals (ASX:CY5) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Cygnus Metals' overall GF Score™ is 37/100. 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 Cygnus Metals (ASX:CY5), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Cygnus Metals Business Description

Address 8 Richardson Street, Level 2, West Perth, WA, AUS, 6005
Cygnus Metals Ltd is an exploration company focused on advancing the Pontax Lithium Project in the James Bay lithium district in Canada, as well as the Auclair Lithium Project, Bencubbin Project, Sakami Lithium Project, and Snake Rock Project in Western Australia. The company is actively exploring both jurisdictions with tenure prospects for lithium, gold, and copper.
37GF Score

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

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