Semirara Mining and Power (PHS:SCC) Beneish M-Score : -2.76 (As of Apr. 07, 2025)

View and export this data going back to 1983. Start your Free Trial

What is Semirara Mining and Power 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Semirara Mining and Power's Beneish M-Score or its related term are showing as below:

PHS:SCC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.56 Med: -2.45 Max: -1.94
Current: -2.76

During the past 13 years, the highest Beneish M-Score of Semirara Mining and Power was -1.94. The lowest was -3.56. And the median was -2.45.

Semirara Mining and Power Beneish M-Score Historical Data

The historical data trend for Semirara Mining and Power'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.

Semirara Mining and Power Beneish M-Score Chart

Semirara Mining and Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

Get a 7-Day Free Trial

-3.56

-2.70

-2.21

-2.16

-2.76

Semirara Mining and Power Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial															-	-2.76	-	-	-

Competitive Comparison of Semirara Mining and Power's Beneish M-Score

For the Thermal Coal subindustry, Semirara Mining and Power'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.

Semirara Mining and Power's Beneish M-Score Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Semirara Mining and Power's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Semirara Mining and Power's Beneish M-Score falls into.

Save Embed

;

Save Embed

;

Semirara Mining and Power 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 Semirara Mining and Power 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 * 1.25

0.528 * 1.1766

0.404 * 1.2537

0.892 * 0.8445

0.115 * 0.7871

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.4685

4.679 * -0.097107

0.327 * 1.0165

-2.76

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was ₱10,766 Mil.
Revenue was ₱76,960 Mil.
Gross Profit was ₱44,051 Mil.
Total Current Assets was ₱46,135 Mil.
Total Assets was ₱85,128 Mil.
Property, Plant and Equipment(Net PPE) was ₱37,615 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱7,043 Mil.
Selling, General, & Admin. Expense(SGA) was ₱590 Mil.
Total Current Liabilities was ₱19,396 Mil.
Long-Term Debt & Capital Lease Obligation was ₱2,671 Mil.
Net Income was ₱27,933 Mil.
Gross Profit was ₱0 Mil.
Cash Flow from Operations was ₱36,200 Mil.

Total Receivables was ₱10,199 Mil.
Revenue was ₱91,129 Mil.
Gross Profit was ₱61,374 Mil.
Total Current Assets was ₱44,900 Mil.
Total Assets was ₱87,103 Mil.
Property, Plant and Equipment(Net PPE) was ₱41,078 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱5,822 Mil.
Selling, General, & Admin. Expense(SGA) was ₱475 Mil.
Total Current Liabilities was ₱15,448 Mil.
Long-Term Debt & Capital Lease Obligation was ₱6,763 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)
	=	(10766.378 / 76960.415)	/	(10198.813 / 91128.693)
	=	0.139895	/	0.111917
	=	1.25

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)
	=	(61373.541 / 91128.693)	/	(44050.905 / 76960.415)
	=	0.673482	/	0.572384
	=	1.1766

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 - (46135.496 + 37615.175) / 85128.443)	/	(1 - (44900.091 + 41078.183) / 87102.783)
	=	0.016185	/	0.01291
	=	1.2537

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
	=	76960.415	/	91128.693
	=	0.8445

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))
	=	(5822.254 / (5822.254 + 41078.183))	/	(7043.028 / (7043.028 + 37615.175))
	=	0.124141	/	0.15771
	=	0.7871

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)
	=	(589.56 / 76960.415)	/	(475.391 / 91128.693)
	=	0.007661	/	0.005217
	=	1.4685

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)
	=	((2670.63 + 19396.338) / 85128.443)	/	((6763.1 + 15448.278) / 87102.783)
	=	0.25922	/	0.255002
	=	1.0165

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
	=	(27933.296 - 0	-	36199.879)	/	85128.443
	=	-0.097107

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.

Semirara Mining and Power has a M-score of -2.76 suggests that the company is unlikely to be a manipulator.

Semirara Mining and Power Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Semirara Mining and Power's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Semirara Mining and Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Semirara Mining and Power Corp (PHS:SCC) » Definitions » Beneish M-Score

Traded in Other Exchanges

N/A

Address

2281 Don Chino Roces Avenue Extension, 2nd Floor DMCI Plaza, Makati, RIZ, PHL, 1231

Website

https://www.semiraramining.com

Semirara Mining and Power Corporation is a coal producer in the Philippines. Revenue is generated through open-cut mining of thermal coal in Semirara Island, the generation of energy available for sale through bilateral contracts, electricity markets, and trading. The company has integrated both coal mining and power generation and utilizes its coal mines to fuel its power plants. The company owns two coal-fired plants, which are located in Calaca, Batangas, and are designed to run as base-load plants using coal from Semirara Island.

Semirara Mining and Power Headlines

From GuruFocus

Murray Stahl's Horizon Kinetics on Sears Canada

By Grass Hopper Grass Hopper • 01-18-2014