Compania Beneish M Score

BVN -  USA Stock  

USD 7.10  0.30  4.41%

This module uses fundamental data of Compania Mina to approximate the value of its Beneish M Score. Compania Mina M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Continue to Compania Mina Piotroski F Score and Compania Mina Altman Z Score analysis.
  
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Compania Mina Issuance Repayment of Debt Securities is quite stable at the moment as compared to the past year. The company's current value of Issuance Repayment of Debt Securities is estimated at 497.12 Million. Debt to Equity Ratio is expected to rise to 0.92 this year, although the value of Total Debt will most likely fall to about 898 M. Compania Mina Dividends per Basic Common Share is quite stable at the moment as compared to the past year. The company's current value of Dividends per Basic Common Share is estimated at 0.08. Gross Margin is expected to rise to 0.14 this year, although the value of EBITDA Margin will most likely fall to (0.26) .
At this time, it appears that Compania Mina Buenav is an unlikely manipulator. The earnings manipulation may begin if Compania Mina's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Compania Mina executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Compania Mina's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.31
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.03Focus
Asset Quality0.38Focus
Expense Coverage0.95Focus
Gross Margin Strengs1.44Focus
Accruals Factor0.95Focus
Depreciation ResistanceN/AFocus
Net Sales Growth1.05Focus
Financial Leverage Condition0.89Focus

Compania Mina Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Compania Mina's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Revenues941.1 M900.5 M
Sufficiently Up
Decreasing
Slightly volatile
Selling General and Administrative Expense88.1 M88.4 M
Slightly Down
Decreasing
Stable
Net Cash Flow from Operations(202.7 M)(197.5 M)
Fairly Down
Decreasing
Slightly volatile
Total Assets4.2 B4.6 B
Significantly Down
Decreasing
Very volatile
Investments1.5 B1.4 B
Notably Up
Decreasing
Slightly volatile
Investments Current63.9 M62.7 M
Fairly Up
Increasing
Slightly volatile
Investments Non Current1.5 B1.4 B
Notably Up
Decreasing
Slightly volatile
Property Plant and Equipment Net1.7 B1.5 B
Moderately Up
Increasing
Slightly volatile
Trade and Non Trade Receivables945.4 M876.3 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.7 BB
Fairly Down
Increasing
Slightly volatile
Current Assets668.3 M739.5 M
Moderately Down
Decreasing
Slightly volatile
Assets Non Current3.6 B3.8 B
Significantly Down
Increasing
Stable
Current Liabilities568.6 M580.1 M
Fairly Down
Increasing
Slightly volatile
Liabilities Non Current1.6 B1.4 B
Significantly Up
Increasing
Slightly volatile
Total Debt898 M1.1 B
Significantly Down
Increasing
Slightly volatile
Debt Current199.9 M229.4 M
Fairly Down
Increasing
Slightly volatile
Debt Non Current698.1 M879.3 M
Significantly Down
Increasing
Slightly volatile
Operating Income(37.7 M)(36.7 M)
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.140.097
Way Up
Decreasing
Slightly volatile

Compania Mina Buenav Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Compania Mina's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Compania Mina in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Compania Mina's degree of accounting gimmicks and manipulations.

About Compania Mina Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Operating Expenses

124.22 Million

Share
Compania Mina Operating Expenses is quite stable at the moment as compared to the past year. The company's current value of Operating Expenses is estimated at 124.22 Million

Compania Mina Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Compania Mina. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201720182019202020212022 (projected)
Revenues1.24 B1.15 B867.89 M676.54 M900.45 M941.1 M
Total Assets4.33 B4.22 B4.11 B3.98 B4.56 B4.23 B
Current Assets701.86 M761.13 M648.62 M589.15 M739.54 M668.35 M
Assets Non Current3.63 B3.46 B3.46 B3.39 B3.82 B3.56 B
Total Liabilities1.27 B1.19 B1.14 B1.18 B2.02 B1.69 B
Current Liabilities521.19 M399.18 M565.36 M360.44 M580.1 M568.63 M
Total Debt729.3 M682.06 M626.69 M598.24 M1.11 B898.01 M
Debt Current180.21 M141.17 M320.69 M90.88 M229.42 M199.92 M
Debt Non Current549.09 M540.9 M306 M507.36 M879.35 M698.09 M
Operating Income118.78 M59.61 M(43.3 M)(83.96 M)(36.7 M)(37.66 M)
Investments1.54 B1.47 B1.49 B1.49 B1.42 B1.52 B

About Compania Mina Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Compania Mina Buenaventura's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Compania Mina using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Compania Mina Buenaventura based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Compaa de Minas Buenaventura S.A.A. engages in the exploration, mining development, processing, and trading of precious and base metals. The company was incorporated in 1953 and is based in Lima, Peru. Compania Mina operates under Other Precious Metals Mining classification in the United States and is traded on New York Stock Exchange.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compania Mina without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Correlation

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Pair Trading with Compania Mina

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Compania Mina position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Compania Mina will appreciate offsetting losses from the drop in the long position's value.

Compania Mina Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Compania Mina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compania Mina when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compania Mina - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compania Mina Buenaventura to buy it.
The correlation of Compania Mina is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compania Mina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compania Mina Buenav moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Compania Mina can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Compania Mina Piotroski F Score and Compania Mina Altman Z Score analysis. Note that the Compania Mina Buenav information on this page should be used as a complementary analysis to other Compania Mina's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Compania Mina Buenav price analysis, check to measure Compania Mina's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Compania Mina is operating at the current time. Most of Compania Mina's value examination focuses on studying past and present price action to predict the probability of Compania Mina's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Compania Mina's price. Additionally, you may evaluate how the addition of Compania Mina to your portfolios can decrease your overall portfolio volatility.
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Is Compania Mina's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Compania Mina. If investors know Compania will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Compania Mina listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
40.74
Market Capitalization
1.7 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0096
Return On Equity
0.0907
The market value of Compania Mina Buenav is measured differently than its book value, which is the value of Compania that is recorded on the company's balance sheet. Investors also form their own opinion of Compania Mina's value that differs from its market value or its book value, called intrinsic value, which is Compania Mina's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Compania Mina's market value can be influenced by many factors that don't directly affect Compania Mina's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Compania Mina's value and its price as these two are different measures arrived at by different means. Investors typically determine Compania Mina value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compania Mina's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.