Grupo Hoteleronta FeB de CV (MEX:HOTEL) Beneish M-Score : -2.84 (As of Apr. 08, 2025)

View and export this data going back to 2014. Start your Free Trial

What is Grupo Hoteleronta FeB de CV 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Grupo Hoteleronta FeB de CV's Beneish M-Score or its related term are showing as below:

MEX:HOTEL' s Beneish M-Score Range Over the Past 10 Years
Min: -3.39 Med: -2.25 Max: -1.29
Current: -2.84

During the past 13 years, the highest Beneish M-Score of Grupo Hoteleronta FeB de CV was -1.29. The lowest was -3.39. And the median was -2.25.

Grupo Hoteleronta FeB de CV Beneish M-Score Historical Data

The historical data trend for Grupo Hoteleronta FeB de CV'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.

Grupo Hoteleronta FeB de CV Beneish M-Score Chart

Grupo Hoteleronta FeB de CV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

Get a 7-Day Free Trial

-3.39

-2.11

-1.99

-2.24

-2.84

Grupo Hoteleronta FeB de CV Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial															-2.24	-1.94	-2.71	-2.29	-2.84

Competitive Comparison of Grupo Hoteleronta FeB de CV's Beneish M-Score

For the Lodging subindustry, Grupo Hoteleronta FeB de CV'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.

Grupo Hoteleronta FeB de CV's Beneish M-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grupo Hoteleronta FeB de CV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Grupo Hoteleronta FeB de CV's Beneish M-Score falls into.

Save Embed

;

Save Embed

;

Grupo Hoteleronta FeB de CV 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 Grupo Hoteleronta FeB de CV for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.8213

0.528 * 1.013

0.404 * 1.1349

0.892 * 1.0086

0.115 * 0.9284

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0239

4.679 * -0.057376

0.327 * 0.9448

-2.84

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was MXN190 Mil.
Revenue was 868.388 + 678.234 + 660.057 + 778.101 = MXN2,985 Mil.
Gross Profit was 423.458 + 317.666 + 322.63 + 422.17 = MXN1,486 Mil.
Total Current Assets was MXN1,425 Mil.
Total Assets was MXN11,630 Mil.
Property, Plant and Equipment(Net PPE) was MXN8,570 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN330 Mil.
Selling, General, & Admin. Expense(SGA) was MXN662 Mil.
Total Current Liabilities was MXN952 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,636 Mil.
Net Income was 31.788 + -7.055 + -31.319 + 87.425 = MXN81 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was 173.713 + 214.399 + 212.725 + 147.265 = MXN748 Mil.

Total Receivables was MXN229 Mil.
Revenue was 709.898 + 655.865 + 721.964 + 871.481 = MXN2,959 Mil.
Gross Profit was 339.101 + 313.844 + 355.746 + 483.701 = MXN1,492 Mil.
Total Current Assets was MXN1,699 Mil.
Total Assets was MXN11,778 Mil.
Property, Plant and Equipment(Net PPE) was MXN8,619 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN307 Mil.
Selling, General, & Admin. Expense(SGA) was MXN641 Mil.
Total Current Liabilities was MXN1,371 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,474 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)
	=	(189.511 / 2984.78)	/	(228.76 / 2959.208)
	=	0.063492	/	0.077304
	=	0.8213

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)
	=	(1492.392 / 2959.208)	/	(1485.924 / 2984.78)
	=	0.504321	/	0.497834
	=	1.013

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 - (1425.043 + 8569.803) / 11629.642)	/	(1 - (1699.349 + 8619.471) / 11777.613)
	=	0.140571	/	0.123862
	=	1.1349

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
	=	2984.78	/	2959.208
	=	1.0086

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))
	=	(307.313 / (307.313 + 8619.471))	/	(330.002 / (330.002 + 8569.803))
	=	0.034426	/	0.03708
	=	0.9284

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)
	=	(661.851 / 2984.78)	/	(640.864 / 2959.208)
	=	0.221742	/	0.216566
	=	1.0239

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)
	=	((2635.969 + 951.554) / 11629.642)	/	((2473.829 + 1371.466) / 11777.613)
	=	0.308481	/	0.326492
	=	0.9448

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
	=	(80.839 - 0	-	748.102)	/	11629.642
	=	-0.057376

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.

Grupo Hoteleronta FeB de CV has a M-score of -2.84 suggests that the company is unlikely to be a manipulator.

Grupo Hoteleronta FeB de CV Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Grupo Hoteleronta FeB de CV's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Grupo Hoteleronta FeB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grupo Hotelero Santa Fe SAB de CV (MEX:HOTEL) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Juan Salvador Agraz No. 65 - Floor 20, Colonia Santa Fe Cuajimalpa, Delegation Cuajimalpa de Morelos, Mexico City, MEX, MEX, 05348

Website

https://www.gsf-hotels.com

Grupo Hotelero Santa Fe SAB de CV is a company in the Mexican hotel industry, focused on acquiring, converting, developing and operating its own hotels as well as third-party owned hotels. The Company focuses on strategic hotel location and quality, a hotel management model, strict expense control and the proprietary Krystal brand, as well as other international brands.

Grupo Hoteleronta FeB de CV Headlines

No Headlines