OMV AG (XPRA:OMV) Beneish M-Score : -3.10 (As of Jan. 18, 2025)

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What is OMV AG 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 -3.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XPRA:OMV' s Beneish M-Score Range Over the Past 10 Years
Min: -13.55 Med: -2.81 Max: 31.35
Current: -3.1

During the past 13 years, the highest Beneish M-Score of OMV AG was 31.35. The lowest was -13.55. And the median was -2.81.

OMV AG Beneish M-Score Historical Data

The historical data trend for OMV AG'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.

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OMV AG Beneish M-Score Chart

OMV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-2.82

-2.16

-2.38

-2.50

-2.94

OMV AG 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															-3.09	-2.94	-2.92	-2.81	-3.10

Competitive Comparison of OMV AG's Beneish M-Score

For the Oil & Gas Integrated subindustry, OMV AG'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.

OMV AG's Beneish M-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, OMV AG's Beneish M-Score distribution charts can be found below:

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

OMV AG 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 OMV AG 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 * 1.0847

0.528 * 0.837

0.404 * 0.9937

0.892 * 0.8359

0.115 * 1.0598

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.33

4.679 * -0.085216

0.327 * 0.9803

-3.08

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was Kč67,519 Mil.
Revenue was 216829.082 + 212818.058 + 206684.346 + 245890.373 = Kč882,222 Mil.
Gross Profit was 41158.649 + 44477.586 + 46460.982 + 54821.781 = Kč186,919 Mil.
Total Current Assets was Kč416,101 Mil.
Total Assets was Kč1,209,628 Mil.
Property, Plant and Equipment(Net PPE) was Kč504,463 Mil.
Depreciation, Depletion and Amortization(DDA) was Kč65,985 Mil.
Selling, General, & Admin. Expense(SGA) was Kč72,870 Mil.
Total Current Liabilities was Kč228,743 Mil.
Long-Term Debt & Capital Lease Obligation was Kč204,464 Mil.
Net Income was 6445.931 + 9768.21 + 12291.8 + 6191.924 = Kč34,698 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Kč0 Mil.
Cash Flow from Operations was 35640.732 + 29304.63 + 46106.897 + 26725.618 = Kč137,778 Mil.

Total Receivables was Kč74,465 Mil.
Revenue was 230728.977 + 212751.91 + 259699.096 + 352175.447 = Kč1,055,355 Mil.
Gross Profit was 49732.584 + 37491.514 + 47586.235 + 52339.578 = Kč187,150 Mil.
Total Current Assets was Kč442,135 Mil.
Total Assets was Kč1,233,081 Mil.
Property, Plant and Equipment(Net PPE) was Kč494,402 Mil.
Depreciation, Depletion and Amortization(DDA) was Kč69,078 Mil.
Selling, General, & Admin. Expense(SGA) was Kč65,540 Mil.
Total Current Liabilities was Kč256,144 Mil.
Long-Term Debt & Capital Lease Obligation was Kč194,325 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)
	=	(67519.247 / 882221.859)	/	(74464.859 / 1055355.43)
	=	0.076533	/	0.070559
	=	1.0847

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)
	=	(187149.911 / 1055355.43)	/	(186918.998 / 882221.859)
	=	0.177334	/	0.211873
	=	0.837

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 - (416101.154 + 504463.081) / 1209627.876)	/	(1 - (442135.103 + 494401.832) / 1233080.568)
	=	0.238969	/	0.24049
	=	0.9937

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
	=	882221.859	/	1055355.43
	=	0.8359

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))
	=	(69078.256 / (69078.256 + 494401.832))	/	(65985.41 / (65985.41 + 504463.081))
	=	0.122592	/	0.115673
	=	1.0598

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)
	=	(72870.078 / 882221.859)	/	(65539.651 / 1055355.43)
	=	0.082598	/	0.062102
	=	1.33

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)
	=	((204463.931 + 228742.768) / 1209627.876)	/	((194325.018 + 256143.522) / 1233080.568)
	=	0.358132	/	0.36532
	=	0.9803

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
	=	(34697.865 - 0	-	137777.877)	/	1209627.876
	=	-0.085216

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.

OMV AG has a M-score of -3.08 suggests that the company is unlikely to be a manipulator.

OMV AG Beneish M-Score Related Terms

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OMV AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV AG (XPRA:OMV) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

OMVKY:USA OMVJF:USA OMVv:UK 0MKH:UK OMV:Germany OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Energy, Fuels and Feedstock, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. The Energy segment engages in the business of oil and gas exploration, development and production. The Fuels and Feedstock segment which generates key revenue, refines and markets crude oil and other feedstock. The Chemicals & Materials (C&M) segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling. Geographically, the company generates a majority of its revenue from Austria and the rest from its operations in Germany, Romania, Norway, and other regions.

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