Blumetric Environmental Stock Beneish M Score

BLM Stock  CAD 0.86  0.06  6.52%   
This module uses fundamental data of BluMetric Environmental to approximate the value of its Beneish M Score. BluMetric Environmental 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 BluMetric Environmental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, BluMetric Environmental's Short Term Debt is fairly stable compared to the past year. Interest Debt Per Share is likely to climb to 0.41 in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 2.4 M in 2024. At this time, BluMetric Environmental's Days Sales Outstanding is fairly stable compared to the past year. Average Payables is likely to climb to about 1.7 M in 2024, despite the fact that PTB Ratio is likely to grow to (0.07).
At this time, BluMetric Environmental's M Score is inapplicable. The earnings manipulation may begin if BluMetric Environmental'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 BluMetric Environmental 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 BluMetric Environmental'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.
-1.84
Beneish M Score - Inapplicable
Elasticity of Receivables

1.0

Focus
Asset Quality

1.11

Focus
Expense Coverage

0.64

Focus
Gross Margin Strengs

1.1

Focus
Accruals Factor

0.64

Focus
Depreciation Resistance

0.83

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.64

Focus

BluMetric Environmental 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 BluMetric Environmental'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 Receivables16.7 M15.9 M
Sufficiently Up
Slightly volatile
Total Revenue42.4 M40.3 M
Sufficiently Up
Slightly volatile
Total Assets24.2 M23.1 M
Sufficiently Up
Slightly volatile
Total Current Assets20.7 M19.7 M
Sufficiently Up
Slightly volatile
Non Current Assets Total2.1 M3.3 M
Way Down
Very volatile
Property Plant Equipment801.6 K1.1 M
Way Down
Pretty Stable
Depreciation And Amortization813.8 K775 K
Sufficiently Up
Very volatile
Selling General Administrative5.1 M7.6 M
Way Down
Slightly volatile
Total Current Liabilities4.7 MM
Way Down
Pretty Stable
Non Current Liabilities Total1.1 M2.1 M
Way Down
Very volatile
Short Term Debt1.5 M1.1 M
Significantly Up
Slightly volatile
Long Term Debt263.5 K277.4 K
Notably Down
Slightly volatile
Gross Profit Margin0.280.2545
Significantly Up
Slightly volatile

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

About BluMetric Environmental 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

813,758

At this time, BluMetric Environmental's Depreciation And Amortization is fairly stable compared to the past year.

BluMetric Environmental 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 BluMetric Environmental. 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 Receivables10.0M10.8M12.7M13.8M15.9M16.7M
Total Revenue28.6M35.5M34.3M35.1M40.3M42.4M
Total Assets15.5M17.4M19.7M20.1M23.1M24.2M
Total Current Assets12.6M15.7M17.9M17.2M19.7M20.7M
Net Debt1.4M(2.1M)(2.8M)(243.2K)(279.7K)(265.7K)
Short Term Debt3.0M1.0M862.3K992.5K1.1M1.5M
Long Term Debt164.7K1.3M823.1K308.2K277.4K263.5K
Operating Income1.7M4.6M1.7M1.0M1.2M1.2M
Investments961.1K(191.5K)(83.4K)(336.9K)(303.2K)(288.1K)

About BluMetric Environmental Fundamental Analysis

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

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