Glen Burnie Bancorp Stock Beneish M Score

GLBZ Stock  USD 5.60  0.18  3.11%   
This module uses fundamental data of Glen Burnie to approximate the value of its Beneish M Score. Glen Burnie 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 Glen Burnie Piotroski F Score and Glen Burnie Altman Z Score analysis.
  
At this time, Glen Burnie's Net Debt is fairly stable compared to the past year. Short Term Debt is likely to rise to about 31.5 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 19.4 M in 2024. At this time, Glen Burnie's PE Ratio is fairly stable compared to the past year. Return On Tangible Assets is likely to rise to 0 in 2024, whereas Price To Sales Ratio is likely to drop 1.27 in 2024.
At this time, it appears that Glen Burnie Bancorp is an unlikely manipulator. The earnings manipulation may begin if Glen Burnie'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 Glen Burnie 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 Glen Burnie'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.
-2.52
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.85

Focus
Asset Quality

1.07

Focus
Expense Coverage

0.86

Focus
Gross Margin Strengs

0.89

Focus
Accruals Factor

0.86

Focus
Depreciation Resistance

1.08

Focus
Net Sales Growth

1.11

Focus
Financial Leverage Condition

0.96

Focus

Glen Burnie 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 Glen Burnie'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 Receivables1.2 M1.3 M
Notably Down
Pretty Stable
Total Revenue14.3 M12.9 M
Moderately Up
Very volatile
Total Assets368 M351.8 M
Sufficiently Up
Slightly volatile
Total Current Assets136 M143.2 M
Notably Down
Slightly volatile
Non Current Assets Total142.9 M150.4 M
Notably Down
Slightly volatile
Property Plant EquipmentM2.9 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization113 K119 K
Notably Down
Slightly volatile
Selling General Administrative6.9 M7.3 M
Notably Down
Slightly volatile
Total Current Liabilities29.5 M30 M
Fairly Down
Slightly volatile
Non Current Liabilities Total317.6 M302.5 M
Sufficiently Up
Slightly volatile
Short Term Debt31.5 M30 M
Sufficiently Up
Slightly volatile
Operating Income1.6 M1.7 M
Notably Down
Slightly volatile
Total Cash From Operating Activities2.6 M1.4 M
Way Up
Slightly volatile
Short Term Investments132.5 M139.4 M
Notably Down
Slightly volatile
Long Term Investments151.7 M139.4 M
Significantly Up
Slightly volatile
Gross Profit Margin0.790.89
Fairly Down
Slightly volatile

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

About Glen Burnie 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

368.04 Million

At this time, Glen Burnie's Total Assets are fairly stable compared to the past year.

Glen Burnie 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 Glen Burnie. 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 Receivables2.2M1.4M1.4M1.2M1.3M1.2M
Total Revenue13.8M13.0M13.1M13.3M12.9M14.3M
Total Assets384.9M419.5M442.1M381.4M351.8M368.0M
Total Current Assets87.0M152.6M219.5M201.2M143.2M136.0M
Net Debt11.7M(7.2M)(42.2M)(29.7M)14.8M15.5M
Short Term Debt55M25M29.9M188K30M31.5M
Operating Income2.1M2.2M3.1M2.8M1.7M1.6M
Investments26.7M(9.9M)(45.5M)7.0M17.7M18.5M

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

About Glen Burnie Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Glen Burnie Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Glen Burnie using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Glen Burnie Bancorp 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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When running Glen Burnie's price analysis, check to measure Glen Burnie'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 Glen Burnie is operating at the current time. Most of Glen Burnie's value examination focuses on studying past and present price action to predict the probability of Glen Burnie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glen Burnie's price. Additionally, you may evaluate how the addition of Glen Burnie to your portfolios can decrease your overall portfolio volatility.