DMCI Holdings Beneish M-Score Historical Data
The historical data trend for DMCI Holdings'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.
DMCI Holdings Beneish M-Score Chart
|
DMCI Holdings Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.65 |
-2.26 |
-2.29 |
-2.63 |
-2.89 |
|
DMCI Holdings Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.63 |
-2.78 |
-2.81 |
-2.89 |
-2.89 |
Competitive Comparison of DMCI Holdings's Beneish M-Score
For the Conglomerates subindustry, DMCI Holdings'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.
DMCI Holdings's Beneish M-Score Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMCI Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where DMCI Holdings's Beneish M-Score falls into.
DMCI Holdings 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 DMCI Holdings 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 * 1.1392 | + | 0.528 * 1.1466 | + | 0.404 * 0.9689 | + | 0.892 * 0.8614 | + | 0.115 * 0.8645 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.4903 | + | 4.679 * -0.080336 | - | 0.327 * 1.0015 |
| = | -2.89 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was ₱42,570 Mil.
Revenue was 30434.391 + 22405.713 + 36956.743 + 33032.265 = ₱122,829 Mil.
Gross Profit was 13323.388 + 7021.611 + 17770.842 + 17543.247 = ₱55,659 Mil.
Total Current Assets was ₱155,432 Mil.
Total Assets was ₱247,995 Mil.
Property, Plant and Equipment(Net PPE) was ₱54,320 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱8,630 Mil.
Selling, General, & Admin. Expense(SGA) was ₱1,033 Mil.
Total Current Liabilities was ₱56,097 Mil.
Long-Term Debt & Capital Lease Obligation was ₱41,337 Mil.
Net Income was 4703.774 + 4084.857 + 8242.532 + 7616.345 = ₱24,648 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₱0 Mil.
Cash Flow from Operations was 10126.347 + 4662.511 + 19207.887 + 10573.786 = ₱44,571 Mil.
|
Total Receivables was ₱43,382 Mil.
Revenue was 28298.923 + 32834.434 + 37701.497 + 43764.838 = ₱142,600 Mil.
Gross Profit was 12556.744 + 16474.444 + 19202.12 + 25858.442 = ₱74,092 Mil.
Total Current Assets was ₱144,294 Mil.
Total Assets was ₱240,760 Mil.
Property, Plant and Equipment(Net PPE) was ₱58,146 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱7,818 Mil.
Selling, General, & Admin. Expense(SGA) was ₱805 Mil.
Total Current Liabilities was ₱49,722 Mil.
Long-Term Debt & Capital Lease Obligation was ₱44,727 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) |
| = | (42569.557 / 122829.112) | / | (43382.161 / 142599.692) |
| = | 0.346575 | / | 0.304223 |
| | = | 1.1392 |
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) |
| = | (74091.75 / 142599.692) | / | (55659.088 / 122829.112) |
| = | 0.519579 | / | 0.453142 |
| | = | 1.1466 |
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 - (155431.643 + 54319.943) / 247995.223) | / | (1 - (144294.124 + 58145.646) / 240759.984) |
| = | 0.154211 | / | 0.159164 |
| | = | 0.9689 |
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 |
| = | 122829.112 | / | 142599.692 |
| | = | 0.8614 |
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)) |
| = | (7817.903 / (7817.903 + 58145.646)) | / | (8630.329 / (8630.329 + 54319.943)) |
| = | 0.118519 | / | 0.137098 |
| | = | 0.8645 |
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) |
| = | (1033.139 / 122829.112) | / | (804.809 / 142599.692) |
| = | 0.008411 | / | 0.005644 |
| | = | 1.4903 |
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) |
| = | ((41336.643 + 56096.882) / 247995.223) | / | ((44726.677 + 49722.147) / 240759.984) |
| = | 0.392885 | / | 0.392295 |
| | = | 1.0015 |
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 |
| = | (24647.508 - 0 | - | 44570.531) | / | 247995.223 |
| | = | -0.080336 |
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.
DMCI Holdings has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PHS:DMC has been successfully added to your