Fitlife Brands, Common Stock Beneish M Score

FTLF Stock  USD 32.01  0.18  0.57%   
This module uses fundamental data of FitLife Brands, to approximate the value of its Beneish M Score. FitLife Brands, 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 FitLife Brands, Piotroski F Score and FitLife Brands, Altman Z Score analysis.
  
At this time, FitLife Brands,'s Long Term Debt is most likely to increase significantly in the upcoming years. The FitLife Brands,'s current Short Term Debt is estimated to increase to about 4.9 M, while Long Term Debt Total is projected to decrease to roughly 387.3 K. At this time, FitLife Brands,'s Free Cash Flow Yield is most likely to slightly decrease in the upcoming years. The FitLife Brands,'s current Operating Cash Flow Per Share is estimated to increase to 0.99, while Days Sales Outstanding is projected to decrease to 20.17.
At this time, it appears that FitLife Brands, Common is an unlikely manipulator. The earnings manipulation may begin if FitLife Brands,'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 FitLife Brands, 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 FitLife Brands,'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.
-2.76
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.5

Focus
Asset Quality

1.09

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

0.69

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.86

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

FitLife Brands, 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 FitLife Brands,'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 Receivables1.6 M3.1 M
Way Down
Slightly volatile
Total Revenue55.3 M52.7 M
Sufficiently Up
Slightly volatile
Total Assets58.1 M55.3 M
Sufficiently Up
Slightly volatile
Total Current Assets7.8 M14.7 M
Way Down
Slightly volatile
Non Current Assets Total42.7 M40.7 M
Sufficiently Up
Slightly volatile
Property Plant Equipment50.3 K52.9 K
Notably Down
Very volatile
Depreciation And Amortization148.5 K94 K
Way Up
Slightly volatile
Selling General Administrative10.9 M10.4 M
Sufficiently Up
Slightly volatile
Total Current Liabilities10.9 M10.3 M
Sufficiently Up
Slightly volatile
Short Term Debt4.9 M4.7 M
Sufficiently Up
Slightly volatile
Long Term Debt18.7 M17.8 M
Sufficiently Up
Slightly volatile
Long Term Investments57 K60.6 K
Notably Down
Slightly volatile
Gross Profit Margin0.280.4049
Way Down
Slightly volatile

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

About FitLife Brands, 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

148,498

At this time, FitLife Brands,'s Depreciation And Amortization is most likely to decrease significantly in the upcoming years.

FitLife Brands, 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 FitLife Brands,. 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 Receivables1.4M2.4M2.1M945K3.1M1.6M
Total Revenue19.5M21.7M27.9M28.8M52.7M55.3M
Total Assets6.3M16.8M21.5M25.7M55.3M58.1M
Total Current Assets5.7M11.9M17.7M17.7M14.7M7.8M
Net Debt241K(11K)(5.7M)(9.7M)19.0M20.0M
Short Term Debt500K46K50K55K4.7M4.9M
Operating Income2.6M4.2M6.2M5.7M7.6M7.9M
Investments4K0.0(529K)(17.1M)(19.0M)(18.0M)
Gross Profit Margin0.390.410.430.450.420.28

FitLife Brands, 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, FitLife Brands,'s sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to FitLife Brands,'s managers, analysts, and investors.
Environmental
Governance
Social

About FitLife Brands, Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze FitLife Brands, Common's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of FitLife Brands, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of FitLife Brands, Common 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 FitLife Brands, Common is a strong investment it is important to analyze FitLife Brands,'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 FitLife Brands,'s future performance. For an informed investment choice regarding FitLife Stock, refer to the following important reports:
Check out FitLife Brands, Piotroski F Score and FitLife Brands, Altman Z Score analysis.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Personal Care Products 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 FitLife Brands,. If investors know FitLife 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 FitLife Brands, 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
0.325
Earnings Share
1.62
Revenue Per Share
13.316
Quarterly Revenue Growth
0.147
Return On Assets
0.1414
The market value of FitLife Brands, Common is measured differently than its book value, which is the value of FitLife that is recorded on the company's balance sheet. Investors also form their own opinion of FitLife Brands,'s value that differs from its market value or its book value, called intrinsic value, which is FitLife Brands,'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 FitLife Brands,'s market value can be influenced by many factors that don't directly affect FitLife Brands,'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 FitLife Brands,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if FitLife Brands, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FitLife Brands,'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.