Market Cap : 26.61 B | Enterprise Value : 30.62 B | PE Ratio : 41.35 | PB Ratio : 2.44 |
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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 Constellation Energy's Beneish M-Score or its related term are showing as below:
During the past 4 years, the highest Beneish M-Score of Constellation Energy was 0.00. The lowest was 0.00. And the median was 0.00.
The historical data trend for Constellation Energy'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.
For the Utilities - Renewable subindustry, Constellation Energy'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.
For the Utilities - Independent Power Producers industry and Utilities sector, Constellation Energy's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Constellation Energy's Beneish M-Score falls into.
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 Constellation Energy 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 (Dec21) TTM: | Last Year (Dec20) TTM: |
Total Receivables was $2,421 Mil. Revenue was $19,649 Mil. Gross Profit was $7,486 Mil. Total Current Assets was $7,981 Mil. Total Assets was $48,086 Mil. Property, Plant and Equipment(Net PPE) was $19,612 Mil. Depreciation, Depletion and Amortization(DDA) was $4,540 Mil. Selling, General, & Admin. Expense(SGA) was $0 Mil. Total Current Liabilities was $7,996 Mil. Long-Term Debt & Capital Lease Obligation was $4,894 Mil. Net Income was $-205 Mil. Gross Profit was $898 Mil. Cash Flow from Operations was $-1,338 Mil. |
Total Receivables was $1,803 Mil. Revenue was $17,603 Mil. Gross Profit was $8,018 Mil. Total Current Assets was $6,947 Mil. Total Assets was $48,094 Mil. Property, Plant and Equipment(Net PPE) was $22,214 Mil. Depreciation, Depletion and Amortization(DDA) was $3,636 Mil. Selling, General, & Admin. Expense(SGA) was $0 Mil. Total Current Liabilities was $5,219 Mil. Long-Term Debt & Capital Lease Obligation was $5,890 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) |
= | (2421 / 19649) | / | (1803 / 17603) | |
= | 0.12321238 | / | 0.10242572 | |
= |
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) | |
= | (8018 / 17603) | / | (7486 / 19649) | |
= | 0.45549054 | / | 0.38098631 | |
= |
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 - (7981 + 19612) / 48086) | / | (1 - (6947 + 22214) / 48094) | |
= | 0.42617394 | / | 0.39366657 | |
= |
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 | |
= | 19649 | / | 17603 | |
= |
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)) |
= | (3636 / (3636 + 22214)) | / | (4540 / (4540 + 19612)) | |
= | 0.14065764 | / | 0.18797615 | |
= |
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) |
= | (0 / 19649) | / | (0 / 17603) | |
= | 0 | / | 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) |
= | ((4894 + 7996) / 48086) | / | ((5890 + 5219) / 48094) | |
= | 0.26806139 | / | 0.23098515 | |
= |
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 | |
= | (-205 - 898 | - | -1338) | / | 48086 | |
= | 0.0049 |
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.
Thank you for viewing the detailed overview of Constellation Energy's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Hanson Bryan Craig | officer: EVP & Chief Generation Officer | 10 S. DEARBORN STREET 54TH FLOOR CHICAGO IL 60603 |
Koehler Michael | officer: EVP & Chief Admin Officer | 1310 POINT STREET BALTIMORE MD 21231 |
Bauer Matthew N | officer: SVP & Controller | 1310 POINT STREET BALTIMORE MD 21231 |
Barron Kathleen | officer: EVP & Chief Strategy Officer | 1310 POINT STREET BALTIMORE MD 21231 |
Dardis David O. | officer: EVP & General Counsel | 1310 POINT STREET BALTIMORE MD 21231 |
Eggers Daniel L. | officer: EVP & CFO | 1310 POINT STREET BALTIMORE MD 21231 |
Mchugh James | officer: EVP & Chief Commercial Officer | 10 S DEARBORN STREET 54TH FLOOR CHICAGO IL 60603 |
Ashish Khandpur K | director | 3M COMPANY LEGAL AFFAIRS 3M CENTER ST PAUL MN 55144-1000 |
Dominguez Joseph | director, officer: President & CEO | 10 SOUTH DEARBORN STREET CHICAGO IL 60603 |
Holzrichter Julie | director | 20 S. WACKER DRIVE CHICAGO IL 60606 |
De Balmann Yves C | director | 360 MADISON AVE 20TH FL C/O BREGAL INVESTMENTS NEW YORK NY 10017 |
Lawless Robert J | director | C/O CARPENTER TECHNOLOGY CORP 1047 NORTH PARK ROAD WYOMISSING PA 19610 |
Halverson Bradley M | director | 100 N.E. ADAMS STREET PEORIA IL 61629 |
Richardson John M | director | 10 S. DEARBORN STREET 54TH FLOOR CHICAGO IL 60603 |
Ferguson Rhonda S | director | 1400 DOUGLAS ST OMAHA NE 68179 |
Other Sources
By tipranks.com 2022-04-04