Chilean Metals (TSXV:CMCG) Beneish M-Score: 0.00 (As of Aug. 04, 2026)

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TSXV:CMCG Chilean Metals Inc TSXV:CMCG
15 GF Score
Price C$0.28
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What is Chilean Metals Beneish M-Score?

Chilean Metals TSXV:CMCG +1.82% 15 Beneish M-Score is 0.00 as of Aug. 04, 2026. GuruFocus rates TSXV:CMCG with a GF Score™ of 15/100. Among 677 Metals & Mining companies, Chilean Metals ranks worse than 147710.34% on this metric.

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 Chilean Metals's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Chilean Metals was 0.00. The lowest was 0.00. And the median was 0.00.

Chilean Metals Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Chilean Metals'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.

Chilean Metals Beneish M-Score Chart

Chilean Metals Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

Chilean Metals Quarterly Data
Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TSXV:CMCG vs HL: Beneish M-Score Comparison

For the Other Precious Metals & Mining subindustry, Chilean Metals'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.

Chilean Metals Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chilean Metals's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Chilean Metals's Beneish M-Score falls into.


TSXV:CMCG
15GF Score
Chilean Metals Inc TSXV:CMCG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Chilean Metals 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 Chilean Metals 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was C$0.01 Mil.
Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was -0.001 + -0.001 + -0.001 + -0.001 = C$-0.00 Mil.
Total Current Assets was C$0.71 Mil.
Total Assets was C$0.71 Mil.
Property, Plant and Equipment(Net PPE) was C$0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was C$0.37 Mil.
Total Current Liabilities was C$0.69 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Net Income was -0.304 + -0.44 + -0.256 + -0.165 = C$-1.17 Mil.
Non Operating Income was 0.003 + -0.026 + 0.001 + 0.009 = C$-0.01 Mil.
Cash Flow from Operations was -0.298 + -0.184 + -0.137 + 0.83 = C$0.21 Mil.
 Total Receivables was C$1.01 Mil.
Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was -0.001 + -0.001 + 0 + 0 = C$-0.00 Mil.
Total Current Assets was C$1.02 Mil.
Total Assets was C$1.03 Mil.
Property, Plant and Equipment(Net PPE) was C$0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was C$0.11 Mil.
Total Current Liabilities was C$0.25 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 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)
=(0.01 / 0) / (1.009 / 0)
= /
=

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)
=(-0.002 / 0) / (-0.004 / 0)
= /
=

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 - (0.705 + 0.009) / 0.714) / (1 - (1.02 + 0.013) / 1.032)
=0 / -0.000969
=

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
=0 / 0
=

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))
=(0.001 / (0.001 + 0.013)) / (0.004 / (0.004 + 0.009))
=0.071429 / 0.307692
=

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)
=(0.367 / 0) / (0.106 / 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)
=((0 + 0.688) / 0.714) / ((0 + 0.25) / 1.032)
=0.963585 / 0.242248
=

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
=(-1.165 - -0.013 - 0.211) / 0.714
=-1.908964

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Chilean Metals (TSXV:CMCG) has a Beneish M-Score of 0.00 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chilean Metals and its competitors. According to the industry distribution chart, Chilean Metals ranks #999999 out of 677 companies in the Metals & Mining industry.
Is Chilean Metals' Beneish M-Score too high?
Chilean Metals' current Beneish M-Score is 0.00. Based on the distribution chart, Chilean Metals ranks #999999 out of 677 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Chilean Metals has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Chilean Metals' Beneish M-Score compare to HL?
According to the Metals & Mining industry distribution chart, Chilean Metals ranks #999999 out of 677 companies for Beneish M-Score. This places Chilean Metals in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chilean Metals and its competitors. Chilean Metals's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chilean Metals stock overvalued right now?
Chilean Metals (TSXV:CMCG) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Chilean Metals' overall GF Score™ is 15/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Chilean Metals (TSXV:CMCG), the current Beneish M-Score is 0.00 as of Aug. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Chilean Metals Business Description

Address 82 Richmond Street East, Suite 202, Toronto, ON, CAN, M5C 1P1
Chilean Metals Inc is a mineral exploration company and is engaged in the business of acquiring and exploring mineral properties in Chile and Canada. The company's project portfolio comprises the Golden Ivan property, located in the southern part of British Columbia's Golden Triangle in Canada, and a few properties in Chile, such as its Zulema project, Tierra de Oro project, and other mining concessions related to the Hornitos, Palo Negro, and Tabaco properties.
15GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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