Andrew Peller Limited Stock Beneish M Score

ADW-A Stock  CAD 4.08  0.07  1.75%   
This module uses fundamental data of Andrew Peller to approximate the value of its Beneish M Score. Andrew Peller 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Andrew Peller Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
  
At this time, Andrew Peller's Short and Long Term Debt Total is comparatively stable compared to the past year. Net Debt is likely to gain to about 237.8 M in 2024, whereas Short and Long Term Debt is likely to drop slightly above 189.1 K in 2024. At this time, Andrew Peller's Free Cash Flow Per Share is comparatively stable compared to the past year. ROIC is likely to gain to 0.08 in 2024, whereas EV To Sales is likely to drop 0.85 in 2024.
At this time, Andrew Peller's M Score is inapplicable. The earnings manipulation may begin if Andrew Peller'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 Andrew Peller 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 Andrew Peller'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.
-3.9
Beneish M Score - Inapplicable
Elasticity of Receivables

1.0

Focus
Asset Quality

-0.36

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.18

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.72

Focus
Net Sales Growth

0.67

Focus
Financial Leverage Condition

2.06

Focus

Andrew Peller 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 Andrew Peller'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 Receivables22.3 M33.4 M
Way Down
Slightly volatile
Total Revenue257.3 M385.9 M
Way Down
Slightly volatile
Total Assets289 M553.2 M
Way Down
Slightly volatile
Total Current Assets132.4 M230.4 M
Way Down
Slightly volatile
Non Current Assets Total339 M322.8 M
Sufficiently Up
Slightly volatile
Property Plant Equipment187.4 M257.5 M
Way Down
Slightly volatile
Depreciation And Amortization23.9 M22.8 M
Sufficiently Up
Slightly volatile
Selling General Administrative73.2 M109.8 M
Way Down
Slightly volatile
Total Current Liabilities69.2 M58.7 M
Fairly Up
Very volatile
Non Current Liabilities Total265.7 M253 M
Sufficiently Up
Slightly volatile
Short Term Debt5.3 M5.6 M
Notably Down
Slightly volatile
Long Term Debt129 M208.3 M
Way Down
Slightly volatile
Operating Income22.1 M18.4 M
Fairly Up
Pretty Stable
Total Cash From Operating Activities40 M38.1 M
Sufficiently Up
Slightly volatile
Gross Profit Margin0.430.3635
Fairly Up
Pretty Stable

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

About Andrew Peller 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.

Depreciation And Amortization

23.95 Million

At this time, Andrew Peller's Depreciation And Amortization is comparatively stable compared to the past year.

Andrew Peller 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 Andrew Peller. 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 Receivables35.3M34.9M29.9M29.6M33.4M22.3M
Total Revenue382.3M393.0M373.9M382.1M385.9M257.3M
Total Assets513.9M542.5M558.1M566.7M553.2M289.0M
Total Current Assets214.1M225.3M236.2M246.2M230.4M132.4M
Net Debt200.9M189.6M207.0M242.5M226.5M237.8M
Short Term Debt72.7M3.8M4.1M9.5M5.6M5.3M
Long Term Debt95.5M174.5M192.1M208.1M208.3M129.0M
Operating Income45.4M45.2M17.8M15.5M18.4M22.1M
Investments(23.3M)(36.5M)(14.1M)(20.3M)(14.8M)(15.6M)

About Andrew Peller Fundamental Analysis

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

Pair Trading with Andrew Peller

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 Andrew Peller 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 Andrew Peller will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Andrew Peller could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andrew Peller 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 Andrew Peller - 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 Andrew Peller Limited to buy it.
The correlation of Andrew Peller is a statistical measure of how it moves in relation to other instruments. 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 Andrew Peller moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Andrew Peller Limited 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 Andrew Peller 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

Additional Tools for Andrew Stock Analysis

When running Andrew Peller's price analysis, check to measure Andrew Peller'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 Andrew Peller is operating at the current time. Most of Andrew Peller's value examination focuses on studying past and present price action to predict the probability of Andrew Peller's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andrew Peller's price. Additionally, you may evaluate how the addition of Andrew Peller to your portfolios can decrease your overall portfolio volatility.