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Misr Fertilizers Production Company - Mopco (CAI:MFPC) Beneish M-Score : 0.00 (As of Jun. 22, 2025)


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What is Misr Fertilizers Production Company - Mopco 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.

The historical rank and industry rank for Misr Fertilizers Production Company - Mopco's Beneish M-Score or its related term are showing as below:

During the past 9 years, the highest Beneish M-Score of Misr Fertilizers Production Company - Mopco was 25.37. The lowest was -4.31. And the median was -1.30.


Misr Fertilizers Production Company - Mopco Beneish M-Score Historical Data

The historical data trend for Misr Fertilizers Production Company - Mopco'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.

Misr Fertilizers Production Company - Mopco Beneish M-Score Chart

Misr Fertilizers Production Company - Mopco Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 24.84 -3.47 8.37 -2.76 -0.99

Misr Fertilizers Production Company - Mopco Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only - -0.99 4.23 10.30 -

Competitive Comparison of Misr Fertilizers Production Company - Mopco's Beneish M-Score

For the Agricultural Inputs subindustry, Misr Fertilizers Production Company - Mopco'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.


Misr Fertilizers Production Company - Mopco's Beneish M-Score Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Misr Fertilizers Production Company - Mopco's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Misr Fertilizers Production Company - Mopco's Beneish M-Score falls into.


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Misr Fertilizers Production Company - Mopco 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 Misr Fertilizers Production Company - Mopco 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 (Sep24) TTM:Last Year (Sep23) TTM:
Total Receivables was E£1,181 Mil.
Revenue was 3152.113 + 5136.111 + 4796.728 + 1755.818 = E£14,841 Mil.
Gross Profit was 900.037 + 2465.017 + 2139.732 + 782.301 = E£6,287 Mil.
Total Current Assets was E£9,460 Mil.
Total Assets was E£53,399 Mil.
Property, Plant and Equipment(Net PPE) was E£34,581 Mil.
Depreciation, Depletion and Amortization(DDA) was E£1,814 Mil.
Selling, General, & Admin. Expense(SGA) was E£480 Mil.
Total Current Liabilities was E£3,573 Mil.
Long-Term Debt & Capital Lease Obligation was E£175 Mil.
Net Income was 1351.815 + 2556.116 + 7648.21 + 824.284 = E£12,380 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = E£0 Mil.
Cash Flow from Operations was 4064.909 + 581.833 + 1442.877 + 896.135 = E£6,986 Mil.
Total Receivables was E£1,150 Mil.
Revenue was 1089.203 + 1614.524 + 1500.008 + -5351.524 = E£-1,148 Mil.
Gross Profit was 580.979 + 970.723 + 890.227 + -2244.406 = E£198 Mil.
Total Current Assets was E£15,406 Mil.
Total Assets was E£52,670 Mil.
Property, Plant and Equipment(Net PPE) was E£36,663 Mil.
Depreciation, Depletion and Amortization(DDA) was E£-688 Mil.
Selling, General, & Admin. Expense(SGA) was E£39 Mil.
Total Current Liabilities was E£3,047 Mil.
Long-Term Debt & Capital Lease Obligation was E£133 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)
=(1181.178 / 14840.77) / (1150.335 / -1147.789)
=0.07959 /
=

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)
=(197.523 / -1147.789) / (6287.087 / 14840.77)
= / 0.423636
=

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 - (9459.683 + 34580.768) / 53398.816) / (1 - (15405.767 + 36663.431) / 52669.587)
=0.175254 / 0.011399
=

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
=14840.77 / -1147.789
=

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))
=(-687.967 / (-687.967 + 36663.431)) / (1813.711 / (1813.711 + 34580.768))
=-0.019123 / 0.049835
=

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)
=(479.703 / 14840.77) / (38.507 / -1147.789)
=0.032323 /
=

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)
=((175.152 + 3572.591) / 53398.816) / ((132.874 + 3047.189) / 52669.587)
=0.070184 / 0.060378
=

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
=(12380.425 - 0 - 6985.754) / 53398.816
=0.101026

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.


Misr Fertilizers Production Company - Mopco Beneish M-Score Related Terms

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Misr Fertilizers Production Company - Mopco Business Description

Traded in Other Exchanges
N/A
Address
Northern 90 street, North Tesean, Second Sector, Building 194, City Center, Fifth Settlement, New Cairo, EGY
Misr Fertilizers Production Company - Mopco specializes in the production of fertilizers, ammonia, and nitrogen as an intermediate product using hightech technology that achieves the key levels of product quality, safety, and environmental protection that are in line with the requirements of international standards.

Misr Fertilizers Production Company - Mopco Headlines

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