CODMF (Coda Minerals) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


CODMF Coda Minerals Ltd CODMF
37 GF Score
Price $0.09
! 1 Warning Sign
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What is Coda Minerals Beneish M-Score?

Coda Minerals CODMF 37 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates CODMF with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Coda Minerals 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 Coda Minerals's Beneish M-Score or its related term are showing as below:

During the past 6 years, the highest Beneish M-Score of Coda Minerals was 0.00. The lowest was 0.00. And the median was 0.00.

Coda Minerals Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Coda Minerals'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.

Coda Minerals Beneish M-Score Chart

Coda Minerals Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Coda Minerals Semi-Annual Data
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 0.00 0.00 0.00 0.00 0.00

Coda Minerals Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Coda Minerals'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.

Coda Minerals Beneish M-Score vs Metals & Mining Industry

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

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


CODMF
37GF Score
Coda Minerals Ltd CODMF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Coda Minerals 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 Coda Minerals 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $0.06 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $2.78 Mil.
Total Assets was $14.93 Mil.
Property, Plant and Equipment(Net PPE) was $11.87 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $1.42 Mil.
Total Current Liabilities was $0.43 Mil.
Long-Term Debt & Capital Lease Obligation was $0.07 Mil.
Net Income was $-2.79 Mil.
Gross Profit was $0.02 Mil.
Cash Flow from Operations was $-2.53 Mil.
 Total Receivables was $0.02 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $2.41 Mil.
Total Assets was $14.77 Mil.
Property, Plant and Equipment(Net PPE) was $12.06 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $2.02 Mil.
Total Current Liabilities was $0.42 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 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)
=(0.056 / 0) / (0.018 / 0)
= /
=

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 / 0)
= /
=

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 - (2.779 + 11.865) / 14.931) / (1 - (2.411 + 12.056) / 14.77)
=0.019222 / 0.020515
=

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 / 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))
=(0.108 / (0.108 + 12.056)) / (0.105 / (0.105 + 11.865))
=0.008879 / 0.008772
=

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)
=(1.42 / 0) / (2.018 / 0)
= /
=

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)
=((0.074 + 0.432) / 14.931) / ((0.006 + 0.423) / 14.77)
=0.033889 / 0.029045
=

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
=(-2.791 - 0.022 - -2.528) / 14.931
=-0.019088

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?
Coda Minerals (CODMF) 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 Coda Minerals and its competitors. According to the industry distribution chart, Coda Minerals ranks #999999 out of 685 companies in the Metals & Mining industry.
Is Coda Minerals' Beneish M-Score too high?
Coda Minerals' current Beneish M-Score is 0.00. Based on the distribution chart, Coda Minerals ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Coda Minerals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Coda Minerals' Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Coda Minerals ranks #999999 out of 685 companies for Beneish M-Score. This places Coda Minerals in the lower half of its industry. 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 Coda Minerals and its competitors. Coda Minerals'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 Coda Minerals stock overvalued right now?
Coda Minerals (CODMF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Coda Minerals' overall GF Score™ is 37/100 with 1 warning sign to review. 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 Coda Minerals (CODMF), 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.

Coda Minerals Business Description

Other Exchanges 670:GermanyCOD:Australia
Address 6 Altona Street, West Perth, Perth, WA, AUS, 6005
Coda Minerals Ltd is focused on the exploration, discovery, and development of minerals in the base metals, precious metals and battery minerals sector. The company's reportable segments include Elizabeth Creek Copper Cobalt project, Cameron River Copper Gold project and the Kinloch project. The company generate the majority of its revenue from Elizabeth Creek project.
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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