Agnico Eagle Mines Stock Beneish M Score

AEM Stock  USD 105.41  0.07  0.07%   
This module uses fundamental data of Agnico Eagle to approximate the value of its Beneish M Score. Agnico Eagle 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. Check out Agnico Eagle Piotroski F Score and Agnico Eagle Altman Z Score analysis.
  
At this time, Agnico Eagle's Net Debt is very stable compared to the past year. As of the 21st of March 2025, Interest Debt Per Share is likely to grow to 3.34, while Short Term Debt is likely to drop about 68.6 M. At this time, Agnico Eagle's PB Ratio is very stable compared to the past year. As of the 21st of March 2025, EV To Sales is likely to grow to 8.06, while Stock Based Compensation To Revenue is likely to drop 0.01.
At this time, Agnico Eagle's M Score is unavailable. The earnings manipulation may begin if Agnico Eagle'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 Agnico Eagle 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 Agnico Eagle'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.
-2.77
Beneish M Score - Unavailable
Elasticity of Receivables

1.0

Focus
Asset Quality

0.98

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

0.67

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.08

Focus

Agnico Eagle 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 Agnico Eagle'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
Net Receivables199.1 M189.6 M
Sufficiently Up
Slightly volatile
Total Revenue8.7 B8.3 B
Sufficiently Up
Slightly volatile
Total Assets31.5 B30 B
Sufficiently Up
Slightly volatile
Total Current Assets2.9 B2.8 B
Sufficiently Up
Slightly volatile
Non Current Assets Total28.5 B27.2 B
Sufficiently Up
Slightly volatile
Property Plant Equipment22.3 B21.2 B
Sufficiently Up
Slightly volatile
Depreciation And Amortization1.6 B1.5 B
Sufficiently Up
Slightly volatile
Selling General Administrative217.8 M207.4 M
Sufficiently Up
Slightly volatile
Total Current Liabilities1.6 B1.5 B
Sufficiently Up
Slightly volatile
Non Current Liabilities TotalB7.6 B
Sufficiently Up
Slightly volatile
Short Term Debt68.6 M130.3 M
Way Down
Slightly volatile
Long Term Debt962.4 M1.1 B
Significantly Down
Slightly volatile
Operating Income3.3 B3.1 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities4.2 BB
Sufficiently Up
Slightly volatile
Short Term Investments6.9 M7.3 M
Notably Down
Slightly volatile
Long Term Investments600.1 M571.5 M
Sufficiently Up
Slightly volatile
Gross Profit Margin0.30.4448
Way Down
Very volatile

Agnico Eagle Mines 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 Agnico Eagle's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Agnico Eagle in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Agnico Eagle's degree of accounting gimmicks and manipulations.

About Agnico Eagle 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 Income

3.31 Billion

At this time, Agnico Eagle's Operating Income is very stable compared to the past year.

Agnico Eagle 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 Agnico Eagle. 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.
202020212022202320242025 (projected)
Net Receivables11.9M13.5M143.8M184.0M189.6M199.1M
Total Revenue3.1B3.8B5.7B6.6B8.3B8.7B
Total Assets9.6B10.2B23.5B28.7B30.0B31.5B
Total Current Assets1.2B1.3B2.2B2.2B2.8B2.9B
Net Debt1.3B1.5B834.8M1.7B355.8M536.6M
Short Term Debt20.9M258.0M136.5M146.4M130.3M68.6M
Long Term Debt1.6B1.3B1.2B1.7B1.1B962.4M
Operating Income777.3M1.0B1.3B3.3B3.1B3.3B
Investments(50.4M)(51.9M)(710.5M)(2.7B)(2.0B)(1.9B)

Agnico Eagle ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Agnico Eagle's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Agnico Eagle's managers, analysts, and investors.
Environmental
Governance
Social

About Agnico Eagle Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Agnico Eagle Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Agnico Eagle using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Agnico Eagle Mines 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.

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When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Is Metals & Mining space 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 Agnico Eagle. If investors know Agnico 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 Agnico Eagle 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
2.245
Dividend Share
1.6
Earnings Share
3.78
Revenue Per Share
16.575
Quarterly Revenue Growth
0.266
The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle'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 Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle'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 Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle'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.