PJSC MegaFon Beneish M-Score Historical Data
The historical data trend for PJSC MegaFon'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.
PJSC MegaFon Beneish M-Score Chart
|
PJSC MegaFon Annual Data
|
|
Trend |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.15 |
-3.11 |
-3.22 |
-2.41 |
-2.28 |
|
PJSC MegaFon Quarterly Data
|
|
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Sep23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.75 |
-1.42 |
-2.28 |
- |
-2.48 |
Competitive Comparison of PJSC MegaFon's Beneish M-Score
For the Telecom Services subindustry, PJSC MegaFon'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.
PJSC MegaFon's Beneish M-Score Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PJSC MegaFon's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PJSC MegaFon's Beneish M-Score falls into.
PJSC MegaFon 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 PJSC MegaFon 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 * 1.1487 | + | 0.528 * 0.9696 | + | 0.404 * 0.7418 | + | 0.892 * 0.7373 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.4559 | + | 4.679 * 0.072551 | - | 0.327 * 1.126 |
| = | -2.48 |
* 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 (Sep23) TTM: | Last Year (Jun22) TTM: |
Total Receivables was ₽26,798 Mil.
Revenue was 0 + 81615.747 + 84003.616 + 81580.651 = ₽247,200 Mil.
Gross Profit was 0 + 38121.058 + 31356.306 + 41605.385 = ₽111,083 Mil.
Total Current Assets was ₽72,564 Mil.
Total Assets was ₽634,579 Mil.
Property, Plant and Equipment(Net PPE) was ₽341,111 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽0 Mil.
Selling, General, & Admin. Expense(SGA) was ₽58,148 Mil.
Total Current Liabilities was ₽241,391 Mil.
Long-Term Debt & Capital Lease Obligation was ₽273,210 Mil.
Net Income was 0 + 10978.619 + 20618.679 + 14442.11 = ₽46,039 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₽0 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₽0 Mil.
|
Total Receivables was ₽31,641 Mil.
Revenue was 75342.118 + 80857.924 + 87247.067 + 91844 = ₽335,291 Mil.
Gross Profit was 33094.904 + 27763.616 + 23158.265 + 62067 = ₽146,084 Mil.
Total Current Assets was ₽75,534 Mil.
Total Assets was ₽719,120 Mil.
Property, Plant and Equipment(Net PPE) was ₽306,100 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽40,705 Mil.
Selling, General, & Admin. Expense(SGA) was ₽54,174 Mil.
Total Current Liabilities was ₽134,579 Mil.
Long-Term Debt & Capital Lease Obligation was ₽383,302 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) |
| = | (26797.502 / 247200.014) | / | (31640.605 / 335291.109) |
| = | 0.108404 | / | 0.094368 |
| | = | 1.1487 |
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) |
| = | (146083.785 / 335291.109) | / | (111082.749 / 247200.014) |
| = | 0.435692 | / | 0.449364 |
| | = | 0.9696 |
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 - (72564.15 + 341110.924) / 634578.501) | / | (1 - (75534.203 + 306099.994) / 719119.967) |
| = | 0.34811 | / | 0.469304 |
| | = | 0.7418 |
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 |
| = | 247200.014 | / | 335291.109 |
| | = | 0.7373 |
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)) |
| = | (40705 / (40705 + 306099.994)) | / | (0 / (0 + 341110.924)) |
| = | 0.117371 | / | 0 |
| | = | 1 |
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) |
| = | (58148.191 / 247200.014) | / | (54173.543 / 335291.109) |
| = | 0.235227 | / | 0.161572 |
| | = | 1.4559 |
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) |
| = | ((273210.026 + 241391.286) / 634578.501) | / | ((383301.997 + 134578.764) / 719119.967) |
| = | 0.810934 | / | 0.720159 |
| | = | 1.126 |
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 |
| = | (46039.408 - 0 | - | 0) | / | 634578.501 |
| | = | 0.072551 |
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.
PJSC MegaFon has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MIC:MFON has been successfully added to your