Empresa Constructora Moller Y Perez-Cotapos (XSGO:MOLLER) Beneish M-Score : -3.44 (As of Dec. 14, 2024)

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What is Empresa Constructora Moller Y Perez-Cotapos 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 -3.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Empresa Constructora Moller Y Perez-Cotapos's Beneish M-Score or its related term are showing as below:

XSGO:MOLLER' s Beneish M-Score Range Over the Past 10 Years
Min: -3.44 Med: -2.32 Max: -0.66
Current: -3.44

During the past 13 years, the highest Beneish M-Score of Empresa Constructora Moller Y Perez-Cotapos was -0.66. The lowest was -3.44. And the median was -2.32.

Empresa Constructora Moller Y Perez-Cotapos Beneish M-Score Historical Data

The historical data trend for Empresa Constructora Moller Y Perez-Cotapos'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.

Empresa Constructora Moller Y Perez-Cotapos Beneish M-Score Chart

Empresa Constructora Moller Y Perez-Cotapos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-1.90

-2.16

-2.79

-2.04

-2.31

Empresa Constructora Moller Y Perez-Cotapos 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															-2.69	-2.31	-2.52	-3.11	-3.44

Competitive Comparison of Empresa Constructora Moller Y Perez-Cotapos's Beneish M-Score

For the Engineering & Construction subindustry, Empresa Constructora Moller Y Perez-Cotapos'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.

Empresa Constructora Moller Y Perez-Cotapos's Beneish M-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Empresa Constructora Moller Y Perez-Cotapos's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Empresa Constructora Moller Y Perez-Cotapos's Beneish M-Score falls into.

Empresa Constructora Moller Y Perez-Cotapos 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 Empresa Constructora Moller Y Perez-Cotapos 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 * 0.7508

0.528 * 1.1923

0.404 * 1.157

0.892 * 0.9809

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0481

4.679 * -0.200201

0.327 * 0.8033

-3.44

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was CLP53,075 Mil.
Revenue was 29312.971 + 35558.726 + 38465.609 + 36458.52 = CLP139,796 Mil.
Gross Profit was 1803.639 + 4510.706 + 2220.363 + 5655.8 = CLP14,191 Mil.
Total Current Assets was CLP210,377 Mil.
Total Assets was CLP362,566 Mil.
Property, Plant and Equipment(Net PPE) was CLP2,601 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0 Mil.
Selling, General, & Admin. Expense(SGA) was CLP13,002 Mil.
Total Current Liabilities was CLP183,492 Mil.
Long-Term Debt & Capital Lease Obligation was CLP2,261 Mil.
Net Income was -43.786 + 2005.821 + -549.494 + -1543.22 = CLP-131 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was 22276.304 + 23301.691 + 18339.167 + 8538.311 = CLP72,455 Mil.

Total Receivables was CLP72,069 Mil.
Revenue was 49910.755 + 42503.587 + 26637.811 + 23472.968 = CLP142,525 Mil.
Gross Profit was 4288.536 + 6790.381 + 3777.093 + 2393.259 = CLP17,249 Mil.
Total Current Assets was CLP286,999 Mil.
Total Assets was CLP450,847 Mil.
Property, Plant and Equipment(Net PPE) was CLP3,077 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0 Mil.
Selling, General, & Admin. Expense(SGA) was CLP12,648 Mil.
Total Current Liabilities was CLP278,413 Mil.
Long-Term Debt & Capital Lease Obligation was CLP9,120 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)
	=	(53075.128 / 139795.826)	/	(72069.375 / 142525.121)
	=	0.379662	/	0.505661
	=	0.7508

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)
	=	(17249.269 / 142525.121)	/	(14190.508 / 139795.826)
	=	0.121026	/	0.101509
	=	1.1923

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 - (210377.048 + 2600.552) / 362565.724)	/	(1 - (286998.558 + 3077.213) / 450847.054)
	=	0.412582	/	0.356598
	=	1.157

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
	=	139795.826	/	142525.121
	=	0.9809

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 / (0 + 3077.213))	/	(0 / (0 + 2600.552))
	=	0	/	0
	=	1

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)
	=	(13002.419 / 139795.826)	/	(12647.593 / 142525.121)
	=	0.09301	/	0.088739
	=	1.0481

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)
	=	((2260.707 + 183492.356) / 362565.724)	/	((9120.418 + 278412.704) / 450847.054)
	=	0.512329	/	0.637762
	=	0.8033

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
	=	(-130.679 - 0	-	72455.473)	/	362565.724
	=	-0.200201

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.

Empresa Constructora Moller Y Perez-Cotapos has a M-score of -3.44 suggests that the company is unlikely to be a manipulator.

Empresa Constructora Moller Y Perez-Cotapos Beneish M-Score Related Terms

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Empresa Constructora Moller Y Perez-Cotapos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Empresa Constructora Moller Y Perez-Cotapos SA (XSGO:MOLLER) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Los Leones 957, Providencia, Santiago, CHL

Website

http://www.mpc.cl

Empresa Constructora Moller Y Perez-Cotapos SA operates as a construction and real estate development company in Chile. It constructs hospitals, universities, and office buildings, among others. It is also engaged in purchase, sale, transfer and lease of all types of real estate or furniture.

Empresa Constructora Moller Y Perez-Cotapos Headlines

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