Dream Unlimited Corp Stock Beneish M Score

DRM Stock  CAD 25.15  0.51  2.07%   
This module uses fundamental data of Dream Unlimited to approximate the value of its Beneish M Score. Dream Unlimited 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dream Unlimited Corp. 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, Dream Unlimited's Net Debt is very stable compared to the past year. As of the 27th of November 2024, Long Term Debt is likely to grow to about 1.9 B, while Short and Long Term Debt Total is likely to drop about 935.8 M. At this time, Dream Unlimited's Receivables Turnover is very stable compared to the past year.
At this time, Dream Unlimited's M Score is inapplicable. The earnings manipulation may begin if Dream Unlimited'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 Dream Unlimited 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 Dream Unlimited'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.
-2.62
Beneish M Score - Inapplicable
Elasticity of Receivables

1.08

Focus
Asset Quality

0.78

Focus
Expense Coverage

1.7

Focus
Gross Margin Strengs

0.9

Focus
Accruals Factor

1.7

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

0.82

Focus
Financial Leverage Condition

1.57

Focus

Dream Unlimited 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 Dream Unlimited'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 Receivables235.3 M267.4 M
Fairly Down
Slightly volatile
Total Revenue315.5 M386.9 M
Significantly Down
Slightly volatile
Total Assets2.6 B3.9 B
Way Down
Slightly volatile
Total Current Assets1.2 B1.3 B
Significantly Down
Slightly volatile
Non Current Assets Total1.4 B2.6 B
Way Down
Slightly volatile
Property Plant Equipment89.8 M94.6 M
Notably Down
Slightly volatile
Depreciation And Amortization7.7 M8.1 M
Notably Down
Slightly volatile
Selling General Administrative43.2 M31.2 M
Significantly Up
Slightly volatile
Total Current Liabilities537.2 M511.6 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.2 B2.2 B
Way Down
Slightly volatile
Net Debt1.9 B1.8 B
Sufficiently Up
Slightly volatile
Short Term Debt3.1 M3.2 M
Notably Down
Pretty Stable
Long Term Debt1.9 B1.8 B
Sufficiently Up
Slightly volatile
Operating Income139.5 M114.2 M
Fairly Up
Pretty Stable
Short Term Investments3.9 M4.1 M
Notably Down
Pretty Stable
Long Term Investments682.4 M721.8 M
Notably Down
Slightly volatile
Gross Profit Margin0.290.3235
Moderately Down
Pretty Stable

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

About Dream Unlimited 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

7.71 Million

At this time, Dream Unlimited's Depreciation And Amortization is very stable compared to the past year.

Dream Unlimited 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 Dream Unlimited. 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 Receivables210.2M263.1M290.7M260M267.4M235.3M
Total Revenue580.4M347.6M325.9M343.8M386.9M315.5M
Total Assets3.0B2.8B3.5B4.0B3.9B2.6B
Total Current Assets1.5B1.2B1.2B1.2B1.3B1.2B
Net Debt324.9M583.5M1.3B1.6B1.8B1.9B
Short Term Debt107.6M1.5M460.6M3.1M3.2M3.1M
Long Term Debt699.0M755.9M1.3B1.6B1.8B1.9B
Operating Income388.0M145.5M133.9M99.4M114.2M139.5M
Investments301.6M30.8M(12.6M)(137.0M)12.4M13.0M

About Dream Unlimited Fundamental Analysis

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

Other Information on Investing in Dream Stock

Dream Unlimited financial ratios help investors to determine whether Dream Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dream with respect to the benefits of owning Dream Unlimited security.