Actinium Pharmaceuticals Stock Beneish M Score

ATNM Stock  USD 1.44  0.03  2.13%   
This module uses fundamental data of Actinium Pharmaceuticals to approximate the value of its Beneish M Score. Actinium Pharmaceuticals 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 Actinium Pharmaceuticals Piotroski F Score and Actinium Pharmaceuticals Altman Z Score analysis.
To learn how to invest in Actinium Stock, please use our How to Invest in Actinium Pharmaceuticals guide.
  
At this time, Actinium Pharmaceuticals' Short and Long Term Debt Total is very stable compared to the past year. As of the 28th of November 2024, Short Term Debt is likely to grow to about 1.1 M, while Short and Long Term Debt is likely to drop about 219.1 K. At this time, Actinium Pharmaceuticals' Price Book Value Ratio is very stable compared to the past year.
At this time, it appears that Actinium Pharmaceuticals is an unlikely manipulator. The earnings manipulation may begin if Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals 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 Actinium Pharmaceuticals' 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.
-3.54
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

N/A

Focus
Asset Quality

1.0

Focus
Expense Coverage

1.11

Focus
Gross Margin Strengs

1.27

Focus
Accruals Factor

1.11

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

0.95

Focus
Financial Leverage Condition

0.95

Focus

Actinium Pharmaceuticals 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 Actinium Pharmaceuticals' 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
Total Assets85.5 M81.4 M
Sufficiently Up
Slightly volatile
Total Current Assets82.2 M78.3 M
Sufficiently Up
Slightly volatile
Non Current Assets Total3.3 M3.2 M
Sufficiently Up
Slightly volatile
Property Plant Equipment3.6 M3.4 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization829.5 K790 K
Sufficiently Up
Slightly volatile
Selling General Administrative14 M13.3 M
Sufficiently Up
Slightly volatile
Total Current Liabilities4.7 M8.5 M
Way Down
Slightly volatile
Short Term Debt1.1 M1.1 M
Sufficiently Up
Slightly volatile
Short Term Investments29.8 K40.2 K
Way Down
Slightly volatile
Long Term Investments39.9 K44.9 K
Fairly Down
Slightly volatile
Gross Profit Margin0.470.37
Significantly Up
Slightly volatile

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

About Actinium Pharmaceuticals 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

829,500

At this time, Actinium Pharmaceuticals' Depreciation And Amortization is very stable compared to the past year.

Actinium Pharmaceuticals 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 Actinium Pharmaceuticals. 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)
Total Assets11.7M66.4M80.4M114.2M81.4M85.5M
Total Current Assets10.1M64.9M79.7M110.9M78.3M82.2M
Non Current Assets Total1.6M1.5M639K3.3M3.2M3.3M
Property Plant Equipment1.1M1.0M639K2.9M3.4M3.6M
Depreciation And Amortization420.1K447K524K699K790K829.5K
Selling General Administrative5.5M6.3M8.1M12.0M13.3M14.0M
Total Current Liabilities5.3M4.8M6.8M10.6M8.5M4.7M
Non Current Liabilities Total682.3K311K3K37.1M36.6M38.4M
Net Debt(7.8M)(62.8M)(77.5M)(106.3M)(74.6M)(70.8M)
Short Term Debt745.8K854K614K996K1.1M1.1M
Operating Income(22.1M)(22.4M)(25.0M)(34.1M)(51.9M)(49.3M)
Total Cash From Operating Activities(21.5M)(21.6M)(20.9M)8.6M(47.3M)(45.0M)
Investments(63.9K)(253K)(133K)(366K)(169K)(177.5K)

About Actinium Pharmaceuticals Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Actinium Pharmaceuticals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Actinium Pharmaceuticals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Actinium Pharmaceuticals 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 Actinium Pharmaceuticals is a strong investment it is important to analyze Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' future performance. For an informed investment choice regarding Actinium Stock, refer to the following important reports:
Check out Actinium Pharmaceuticals Piotroski F Score and Actinium Pharmaceuticals Altman Z Score analysis.
To learn how to invest in Actinium Stock, please use our How to Invest in Actinium Pharmaceuticals guide.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Biotechnology 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 Actinium Pharmaceuticals. If investors know Actinium 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 Actinium Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.39)
Revenue Per Share
0.003
Quarterly Revenue Growth
(1.00)
Return On Assets
(0.31)
Return On Equity
(0.88)
The market value of Actinium Pharmaceuticals is measured differently than its book value, which is the value of Actinium that is recorded on the company's balance sheet. Investors also form their own opinion of Actinium Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' market value can be influenced by many factors that don't directly affect Actinium Pharmaceuticals' 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 Actinium Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Actinium Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Actinium Pharmaceuticals' 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.