This module uses fundamental data of BlackRock MIT to approximate the value of its Beneish M Score. BlackRock MIT 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 BlackRock MIT Piotroski F Score and BlackRock MIT Altman Z Score analysis.
BlackRock
Beneish M Score
Days Of Inventory On Hand
Average Receivables
Days Of Inventory Outstanding
Sale Purchase Of Stock
Change In Cash
Dividends Paid
Total Cash From Operating Activities
Net Income
Total Cash From Financing Activities
Free Cash Flow
Change In Working Capital
Other Cashflows From Financing Activities
Other Non Cash Items
Change To Account Receivables
End Period Cash Flow
Net Borrowings
Begin Period Cash Flow
Change To Operating Activities
Change To Netincome
Total Assets
Other Current Liab
Total Stockholder Equity
Other Liab
Net Tangible Assets
Retained Earnings
Accounts Payable
Cash
Other Assets
Long Term Debt
Net Receivables
Total Liab
Deferred Long Term Liab
Long Term Investments
Common Stock
Total Current Liabilities
Non Current Assets Total
Non Currrent Assets Other
Common Stock Shares Outstanding
Liabilities And Stockholders Equity
Non Current Liabilities Total
Other Stockholder Equity
Total Current Assets
Net Debt
Cash And Short Term Investments
Common Stock Total Equity
Other Current Assets
Short Long Term Debt
Short Term Debt
Short Long Term Debt Total
Long Term Debt Total
Cash And Equivalents
Net Invested Capital
Capital Stock
Current Deferred Revenue
Short Term Investments
Interest Expense
Selling General Administrative
Total Revenue
Gross Profit
Operating Income
Net Income From Continuing Ops
Ebit
Cost Of Revenue
Total Operating Expenses
Income Before Tax
Total Other Income Expense Net
Net Income Applicable To Common Shares
Income Tax Expense
Depreciation And Amortization
Other Operating Expenses
Ebitda
Interest Income
Net Interest Income
Research Development
Probability Of Bankruptcy
At present, BlackRock MIT's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 336.6 M, whereas Short Term Debt is forecasted to decline to about 82.9 K. At present, BlackRock MIT's Days Of Inventory Outstanding is projected to slightly decrease based on the last few years of reporting.
At this time, it appears that BlackRock MIT II is an unlikely manipulator. The earnings manipulation may begin if BlackRock MIT'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 BlackRock MIT 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 BlackRock MIT'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.
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 BlackRock MIT'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.
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 BlackRock MIT's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards BlackRock MIT in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find BlackRock MIT's degree of accounting gimmicks and manipulations.
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.
Operating Income
33.88 Million
At present, BlackRock MIT's Operating Income is projected to decrease significantly based on the last few years of reporting.
BlackRock MIT 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 BlackRock MIT. 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.
The Macroaxis Fundamental Analysis modules help investors analyze BlackRock MIT II's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BlackRock MIT using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BlackRock MIT II 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether BlackRock MIT II is a strong investment it is important to analyze BlackRock MIT'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 BlackRock MIT's future performance. For an informed investment choice regarding BlackRock Stock, refer to the following important reports:
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Asset Management & Custody Banks 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 BlackRock MIT. If investors know BlackRock 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 BlackRock MIT 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
(0.42)
Dividend Share
0.552
Earnings Share
0.61
Revenue Per Share
0.807
Quarterly Revenue Growth
(0.08)
The market value of BlackRock MIT II is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock MIT's value that differs from its market value or its book value, called intrinsic value, which is BlackRock MIT'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 BlackRock MIT's market value can be influenced by many factors that don't directly affect BlackRock MIT'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 BlackRock MIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock MIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock MIT'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.