Totalenergies Se Adr Stock Beneish M Score

TTE Stock  USD 59.66  0.37  0.62%   
This module uses fundamental data of TotalEnergies to approximate the value of its Beneish M Score. TotalEnergies 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 TotalEnergies Piotroski F Score and TotalEnergies Altman Z Score analysis.
  
At present, TotalEnergies' Debt To Equity is projected to slightly decrease based on the last few years of reporting. The current year's Debt To Assets is expected to grow to 0.23, whereas Net Debt is forecasted to decline to about 20.4 B. At present, TotalEnergies' Days Sales Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Book Value Per Share is expected to grow to 50.85, whereas Dividend Yield is forecasted to decline to 0.04.
At this time, it appears that TotalEnergies SE ADR is an unlikely manipulator. The earnings manipulation may begin if TotalEnergies' 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 TotalEnergies 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 TotalEnergies' 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.
-4.01
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.75

Focus
Asset Quality

0.8

Focus
Expense Coverage

1.42

Focus
Gross Margin Strengs

0.63

Focus
Accruals Factor

1.42

Focus
Depreciation Resistance

1.23

Focus
Net Sales Growth

0.7

Focus
Financial Leverage Condition

1.02

Focus

TotalEnergies 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 TotalEnergies' 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 Receivables22.4 B42.8 B
Way Down
Slightly volatile
Total Revenue152.4 B218.9 B
Way Down
Pretty Stable
Total Assets171.2 B283.7 B
Way Down
Slightly volatile
Total Current Assets62.5 B99.5 B
Way Down
Slightly volatile
Non Current Assets Total108.7 B184.1 B
Way Down
Slightly volatile
Property Plant Equipment88.5 B123.2 B
Way Down
Slightly volatile
Depreciation And Amortization7.9 B13.8 B
Way Down
Very volatile
Selling General Administrative19.8 B20 B
Slightly Down
Slightly volatile
Total Current Liabilities48.2 B88.8 B
Way Down
Slightly volatile
Non Current Liabilities Total51.9 B75.4 B
Way Down
Slightly volatile
Net Debt20.4 B22.8 B
Moderately Down
Slightly volatile
Short Term Debt9.4 B9.6 B
Fairly Down
Slightly volatile
Long Term Debt33 B38.3 B
Fairly Down
Slightly volatile
Total Cash From Operating Activities42.7 B40.7 B
Sufficiently Up
Slightly volatile
Short Term Investments3.2 B6.2 B
Way Down
Slightly volatile
Long Term Investments28.8 B30.9 B
Significantly Down
Slightly volatile
Gross Profit Margin0.180.2849
Way Down
Pretty Stable

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

About TotalEnergies 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.

Other Operating Expenses

134.59 Billion

At present, TotalEnergies' Other Operating Expenses is projected to increase significantly based on the last few years of reporting.

TotalEnergies 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 TotalEnergies. 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.
201920202021202220232024 (projected)
Net Receivables18.5B25.8B55.3B59.1B42.8B22.4B
Total Revenue176.2B119.7B184.6B263.3B218.9B152.4B
Total Assets273.3B266.1B293.5B303.9B283.7B171.2B
Total Current Assets85.3B79.7B111.1B125.7B99.5B62.5B
Net Debt35.2B46.0B43.2B27.7B22.8B20.4B
Short Term Debt14.8B17.1B15.0B16.9B9.6B9.4B
Long Term Debt39.8B60.2B49.5B45.3B38.3B33.0B
Operating Income19.7B(4.9B)27.9B45.7B32.0B16.8B
Investments(17.2B)(13.1B)(2.0B)(15.1B)(19.5B)(18.5B)

TotalEnergies 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, TotalEnergies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TotalEnergies' managers, analysts, and investors.
Environmental
Governance
Social

About TotalEnergies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze TotalEnergies SE ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TotalEnergies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TotalEnergies SE ADR 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 TotalEnergies SE ADR is a strong investment it is important to analyze TotalEnergies' 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 TotalEnergies' future performance. For an informed investment choice regarding TotalEnergies Stock, refer to the following important reports:
Is Oil, Gas & Consumable Fuels 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 TotalEnergies. If investors know TotalEnergies 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 TotalEnergies 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
(0.65)
Dividend Share
3.621
Earnings Share
7.09
Revenue Per Share
87.283
Quarterly Revenue Growth
(0.13)
The market value of TotalEnergies SE ADR is measured differently than its book value, which is the value of TotalEnergies that is recorded on the company's balance sheet. Investors also form their own opinion of TotalEnergies' value that differs from its market value or its book value, called intrinsic value, which is TotalEnergies' 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 TotalEnergies' market value can be influenced by many factors that don't directly affect TotalEnergies' 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 TotalEnergies' value and its price as these two are different measures arrived at by different means. Investors typically determine if TotalEnergies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TotalEnergies' 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.