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Uranium Energy (WBO:UEC) Beneish M-Score : -2.45 (As of Apr. 05, 2025)


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What is Uranium Energy 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

WBO:UEC' s Beneish M-Score Range Over the Past 10 Years
Min: -141.99   Med: -2.45   Max: 4.43
Current: -2.45

During the past 13 years, the highest Beneish M-Score of Uranium Energy was 4.43. The lowest was -141.99. And the median was -2.45.


Uranium Energy Beneish M-Score Historical Data

The historical data trend for Uranium 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.

* Premium members only.

Uranium Energy Beneish M-Score Chart

Uranium Energy Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.77 -141.99

Uranium Energy Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.94 -4.37 -141.99 -5.13 -2.45

Competitive Comparison of Uranium Energy's Beneish M-Score

For the Uranium subindustry, Uranium 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.


Uranium Energy's Beneish M-Score Distribution in the Other Energy Sources Industry

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

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


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Uranium Energy 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 Uranium 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 * 1+0.528 * 0.9779+0.404 * 0.4942+0.892 * 1.1836+0.115 * 1.0099
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0677+4.679 * 0.005115-0.327 * 0.6141
=-2.39

* 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 (Jan25) TTM:Last Year (Jan24) TTM:
Total Receivables was €0.00 Mil.
Revenue was 48.058 + 15.686 + 0 + 0 = €63.74 Mil.
Gross Profit was 17.606 + 5.738 + 0 + 0 = €23.34 Mil.
Total Current Assets was €136.63 Mil.
Total Assets was €948.57 Mil.
Property, Plant and Equipment(Net PPE) was €734.26 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.60 Mil.
Selling, General, & Admin. Expense(SGA) was €22.72 Mil.
Total Current Liabilities was €14.48 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was -9.886 + -18.505 + -13.936 + -18.339 = €-60.67 Mil.
Non Operating Income was -8.611 + -7.968 + 0.254 + -6.925 = €-23.25 Mil.
Cash Flow from Operations was -8.509 + -10.513 + -11.632 + -11.614 = €-42.27 Mil.
Total Receivables was €0.00 Mil.
Revenue was 0.106 + 0.102 + 35.21 + 18.438 = €53.86 Mil.
Gross Profit was 0.017 + 0.017 + 13.581 + 5.672 = €19.29 Mil.
Total Current Assets was €137.32 Mil.
Total Assets was €806.81 Mil.
Property, Plant and Equipment(Net PPE) was €535.80 Mil.
Depreciation, Depletion and Amortization(DDA) was €1.91 Mil.
Selling, General, & Admin. Expense(SGA) was €17.98 Mil.
Total Current Liabilities was €20.05 Mil.
Long-Term Debt & Capital Lease Obligation was €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 / 63.744) / (0 / 53.856)
=0 / 0
=1

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)
=(19.287 / 53.856) / (23.344 / 63.744)
=0.358122 / 0.366215
=0.9779

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 - (136.631 + 734.262) / 948.57) / (1 - (137.315 + 535.8) / 806.81)
=0.081889 / 0.165708
=0.4942

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
=63.744 / 53.856
=1.1836

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))
=(1.913 / (1.913 + 535.8)) / (2.596 / (2.596 + 734.262))
=0.003558 / 0.003523
=1.0099

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)
=(22.717 / 63.744) / (17.976 / 53.856)
=0.356379 / 0.333779
=1.0677

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 + 14.477) / 948.57) / ((0 + 20.051) / 806.81)
=0.015262 / 0.024852
=0.6141

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
=(-60.666 - -23.25 - -42.268) / 948.57
=0.005115

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.

Uranium Energy has a M-score of -2.39 suggests that the company is unlikely to be a manipulator.


Uranium Energy Beneish M-Score Related Terms

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Uranium Energy Business Description

Address
500 North Shoreline Boulevard, Suite 800, Corpus Christi, TX, USA, 78401
Uranium Energy Corp is engaged in uranium mining and related activities. The company is working towards fueling the demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. The company is advancing its next generation of low-cost, environmentally friendly, in-situ recovery (ISR) mining uranium projects. The company has two extraction-ready ISR hub and spoke platforms in South Texas and Wyoming. UEC also has seven U.S. ISR uranium projects with all of their permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and Paraguay.