First Bitcoin Capital Stock Beneish M Score

BITCF Stock  USD 0.0001  0.00  0.000003%   
This module uses fundamental data of First BITCoin to approximate the value of its Beneish M Score. First BITCoin 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 First BITCoin Piotroski F Score and First BITCoin Altman Z Score analysis.
  
The First BITCoin's current Net Debt To EBITDA is estimated to increase to 0.07, while Short and Long Term Debt is projected to decrease to roughly 147.9 K. At this time, First BITCoin's Net Debt To EBITDA is most likely to increase slightly in the upcoming years. The First BITCoin's current Revenue Per Share is estimated to increase to 0.0008, while PTB Ratio is projected to decrease to 113.14.
At this time, it appears that First BITCoin Capital is a possible manipulator. The earnings manipulation may begin if First BITCoin'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 First BITCoin 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 First BITCoin'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.
-1.32
Beneish M Score - Possible Manipulator
Elasticity of Receivables

0.73

Focus
Asset Quality

3.35

Focus
Expense Coverage

0.59

Focus
Gross Margin Strengs

0.89

Focus
Accruals Factor

0.59

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

N/A

Focus

First BITCoin 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 First BITCoin'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 Receivables147.6 K193.5 K
Way Down
Slightly volatile
Total Assets612.4 K420.2 K
Way Up
Very volatile
Total Current Assets223.2 K212.6 K
Sufficiently Up
Slightly volatile
Property Plant Equipment68.9 K72.6 K
Notably Down
Slightly volatile
Selling General Administrative179.4 K290.6 K
Way Down
Slightly volatile
Total Current Liabilities202 K297.4 K
Way Down
Slightly volatile
Short Term Debt147.9 K201.7 K
Way Down
Slightly volatile
Long Term Investments81.9 K86.2 K
Notably Down
Slightly volatile
Gross Profit Margin0.05160.0581
Fairly Down
Slightly volatile

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

About First BITCoin 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

41,280.8

At this time, First BITCoin's Depreciation is most likely to increase significantly in the upcoming years.

About First BITCoin Fundamental Analysis

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

Currently Active Assets on Macroaxis

When determining whether First BITCoin Capital is a strong investment it is important to analyze First BITCoin'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 First BITCoin's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out First BITCoin Piotroski F Score and First BITCoin Altman Z Score analysis.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Investment Banking & Brokerage 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 First BITCoin. If investors know First 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 First BITCoin 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
0.043
Earnings Share
(0)
The market value of First BITCoin Capital is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First BITCoin's value that differs from its market value or its book value, called intrinsic value, which is First BITCoin'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 First BITCoin's market value can be influenced by many factors that don't directly affect First BITCoin'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 First BITCoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if First BITCoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First BITCoin'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.