Industrias Bachoco (IBA)
Industrias Bachoco Beneish M-Score: -1.013
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IBA Beneish M-Score Rankings
| Overall | 5th percentile | 3557 of 3761 |
| Sector | 4th percentile | 352 of 367 in Consumer Goods |
| Industry | 0th percentile | 7 of 7 in Meat Products |
IBA Beneish M-Score Range, Past 5 Years
| Minimum | -2.913 | Dec 2009 |
| Maximum | -1.013 | Dec 2011 |
| Average | -2.398 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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IBA News
Industrias Bachoco Announces Fourth Quarter and Full Year Results for 2011
Feb 08, 7:19PM PR Newswire
Feb 08, 7:19PM PR Newswire
Industrias Bachoco Completes Acquisition of American Poultry Company, "O.K. Industries, Inc."
Nov 02, 4:05PM PR Newswire
Nov 02, 4:05PM PR Newswire
Industrias Bachoco Reached an Agreement to Acquire "O.K. Industries, Inc." an American Poultry Company
Oct 28, 7:45AM PR Newswire
Oct 28, 7:45AM PR Newswire
Industrias Bachoco Acquires Further Processed Meats Facility in Northern Mexico
Aug 23, 5:54PM PR Newswire
Aug 23, 5:54PM PR Newswire
$IBA clear pattern http://stockcharts.com/freecharts/gallery.html?iba
about 507 days ago by ECantoni
about 507 days ago by ECantoni
@byrneseyeview Again thanks. I read the financial reports, but did not know that abut $IBA
about 700 days ago by AlephBlog
about 700 days ago by AlephBlog
@AlephBlog higher margins: Mex consumers buy fattier parts, $IBA exports the breasts to US. Tariffs favor that.
about 700 days ago by byrneseyeview
about 700 days ago by byrneseyeview
@byrneseyeview thanks much, I did not know that about $IBA - they seem to be better managed than the US chicken producers
about 700 days ago by AlephBlog
about 700 days ago by AlephBlog
@AlephBlog they also have lots of political pull. Sometimes it feels like $IBA's owners write Mexico's tariff rules.
about 700 days ago by byrneseyeview
about 700 days ago by byrneseyeview
Very nice 2Q turned in by $IBA. Record sales, despite slow Mexican economy.
about 1041 days ago by grocklein
about 1041 days ago by grocklein
Nice quarter for $IBA: .39/share. Guidance so far appears positive.
about 1135 days ago by grocklein
about 1135 days ago by grocklein
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IBA | 21.12 | +0.57 | +2.77% | 1.028B |
| IART | 35.59 | +0.30 | +0.85% | 948.60M |
| IAK | 29.77 | +0.26 | +0.88% | |
| IAG | 10.58 | -0.29 | -2.67% | 4.088B |
| IAF | 9.81 | +0.41 | +4.36% | |
| IAE | 14.79 | +0.14 | +0.96% | |
| IACI | 45.80 | +1.07 | +2.39% | 3.635B |
| HSNI | 39.67 | +0.43 | +1.10% | 2.272B |
| HSKA | 12.22 | +0.14 | +1.16% | 63.66M |
| HSII | 16.79 | +0.26 | +1.57% | 295.39M |
