Embrace Change Acquisition Stock Beneish M Score

EMCGU Stock  USD 11.65  0.05  0.43%   
This module uses fundamental data of Embrace Change to approximate the value of its Beneish M Score. Embrace Change 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 Embrace Change Piotroski F Score and Embrace Change Altman Z Score analysis.
  
Net Debt is likely to gain to about 414.5 K in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 117.8 K in 2024.
At this time, it appears that Embrace Change Acqui is an unlikely manipulator. The earnings manipulation may begin if Embrace Change'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 Embrace Change 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 Embrace Change'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.
-5.31
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

N/A

Focus
Asset Quality

N/A

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

1.21

Focus

Embrace Change 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 Embrace Change'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 Receivables417469
Fairly Down
Slightly volatile
Total Assets48.9 M56.2 M
Fairly Down
Slightly volatile
Total Current AssetsK5.3 K
Notably Down
Slightly volatile
Non Current Assets Total48.7 M56.2 M
Fairly Down
Slightly volatile
Selling General Administrative283.2 K318.6 K
Fairly Down
Slightly volatile
Total Current Liabilities1.6 M1.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities TotalMM
Way Down
Slightly volatile
Short Term Debt117.8 K132.6 K
Fairly Down
Slightly volatile

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

About Embrace Change 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.

Total Assets

48.9 Million

At this time, Embrace Change's Total Assets are comparatively stable compared to the past year.

Embrace Change ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Embrace Change's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Embrace Change's managers, analysts, and investors.
Environmental
Governance
Social

About Embrace Change Fundamental Analysis

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

Thematic Opportunities

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Additional Tools for Embrace Stock Analysis

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