Haymaker Acquisition Corp Stock Beneish M Score

HYAC Stock  USD 10.80  0.01  0.09%   
This module uses fundamental data of Haymaker Acquisition to approximate the value of its Beneish M Score. Haymaker Acquisition 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 Haymaker Acquisition Piotroski F Score and Haymaker Acquisition Altman Z Score analysis.
  
As of January 18, 2025, Net Debt is expected to decline to about (248.7 K). In addition to that, Short and Long Term Debt Total is expected to decline to about 148.2 K. At present, Haymaker Acquisition's Cash Per Share is projected to slightly decrease based on the last few years of reporting. The current year's ROE is expected to grow to 0.02, whereas PTB Ratio is forecasted to decline to 1.13.
At this time, it appears that Haymaker Acquisition Corp is an unlikely manipulator. The earnings manipulation may begin if Haymaker Acquisition'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 Haymaker Acquisition 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 Haymaker Acquisition'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.
-5.34
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

1.54

Focus

Haymaker Acquisition 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 Haymaker Acquisition'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 Receivables240270
Fairly Down
Slightly volatile
Total Assets175 M214.3 M
Significantly Down
Slightly volatile
Total Current Assets403.7 K417.4 K
Sufficiently Down
Slightly volatile
Non Current Assets Total128.5 M213.9 M
Way Down
Slightly volatile
Depreciation And Amortization143.6 K151.1 K
Notably Down
Slightly volatile
Selling General Administrative2.4 M3.6 M
Way Down
Slightly volatile
Total Current Liabilities151.5 K159.4 K
Notably Down
Very volatile
Short Term Debt148.2 K169 K
Fairly Down
Slightly volatile
Long Term Investments323.5 M363.9 M
Fairly Down
Slightly volatile

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

About Haymaker Acquisition 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

143,550

At present, Haymaker Acquisition's Depreciation And Amortization is projected to decrease significantly based on the last few years of reporting.

Haymaker Acquisition 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 Haymaker Acquisition. 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.
202020212022202320242025 (projected)
Total Assets405.4M147.5K210.1K238.1M214.3M175.0M
Total Current Assets1.0M1.6K3.1K463.8K417.4K403.7K
Total Current Liabilities902.9K122.5K185.8K177.2K159.4K151.5K
Operating Income(4.7M)(567.8K)(740.0)(495.8K)(570.2K)(598.7K)
Total Cash From Operating Activities(902.4K)(646.0K)(1.4M)(805.2K)(724.7K)(760.9K)

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

About Haymaker Acquisition Fundamental Analysis

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

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When determining whether Haymaker Acquisition Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Haymaker Acquisition's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Haymaker Acquisition Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Haymaker Acquisition Corp Stock:
Check out Haymaker Acquisition Piotroski F Score and Haymaker Acquisition Altman Z Score analysis.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Multi-Sector Holdings 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 Haymaker Acquisition. If investors know Haymaker 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 Haymaker Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.406
The market value of Haymaker Acquisition Corp is measured differently than its book value, which is the value of Haymaker that is recorded on the company's balance sheet. Investors also form their own opinion of Haymaker Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Haymaker Acquisition'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 Haymaker Acquisition's market value can be influenced by many factors that don't directly affect Haymaker Acquisition'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 Haymaker Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haymaker Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haymaker Acquisition'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.