Ihuman Inc Stock Beneish M Score

IH Stock  USD 1.55  0.09  5.49%   
This module uses fundamental data of Ihuman to approximate the value of its Beneish M Score. Ihuman 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 Ihuman Piotroski F Score and Ihuman Altman Z Score analysis.
  
The Ihuman's current Net Debt is estimated to increase to about (1.1 B). The current Short Term Debt is estimated to decrease to about 1.8 M. As of now, Ihuman's Book Value Per Share is increasing as compared to previous years. The Ihuman's current Free Cash Flow Yield is estimated to increase to 0.14, while Price To Sales Ratio is projected to decrease to 1.14.
At this time, it appears that Ihuman Inc is an unlikely manipulator. The earnings manipulation may begin if Ihuman'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 Ihuman 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 Ihuman'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.
-2.56
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.34

Focus
Asset Quality

1.12

Focus
Expense Coverage

1.6

Focus
Gross Margin Strengs

0.73

Focus
Accruals Factor

1.6

Focus
Depreciation Resistance

1.34

Focus
Net Sales Growth

0.69

Focus
Financial Leverage Condition

1.58

Focus

Ihuman 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 Ihuman'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 Receivables58 M62.6 M
Significantly Down
Slightly volatile
Total Revenue702.3 MB
Way Down
Slightly volatile
Total Assets945.7 M1.5 B
Way Down
Slightly volatile
Total Current Assets897.1 M1.4 B
Way Down
Slightly volatile
Non Current Assets Total48.6 M68.1 M
Way Down
Slightly volatile
Property Plant Equipment19.5 M25.3 M
Significantly Down
Slightly volatile
Depreciation And AmortizationM11.7 M
Way Down
Slightly volatile
Selling General Administrative115.3 M104.3 M
Significantly Up
Slightly volatile
Total Current Liabilities410.5 M490.8 M
Fairly Down
Slightly volatile
Short Term Debt1.8 M1.9 M
Notably Down
Pretty Stable
Gross Profit Margin0.520.7084
Way Down
Slightly volatile

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

About Ihuman 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.

Current Deferred Revenue

251.02 Million

As of now, Ihuman's Current Deferred Revenue is increasing as compared to previous years.

Ihuman 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 Ihuman. 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 Receivables21.0M78.3M59.0M81.9M62.6M58.0M
Total Revenue218.7M531.9M944.7M985.5M1.0B702.3M
Total Assets168.3M1.0B1.1B1.3B1.5B945.7M
Total Current Assets163.1M1.0B1.0B1.3B1.4B897.1M
Net Debt(104.9M)(855.1M)(821.1M)(1.0B)(1.2B)(1.1B)
Short Term Debt99.8M1.5M24.7M6.1M1.9M1.8M
Operating Income(278.8M)(44.5M)(54.2M)111.6M159.9M167.9M
Investments(2.4M)(15.9M)(32.0M)(32.8M)(6.5M)(6.8M)

About Ihuman Fundamental Analysis

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

Check out Ihuman Piotroski F Score and Ihuman Altman Z Score analysis.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Hotels, Restaurants & Leisure 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 Ihuman. If investors know Ihuman 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 Ihuman 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
(0.40)
Earnings Share
(0.16)
Revenue Per Share
18.263
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0456
The market value of Ihuman Inc is measured differently than its book value, which is the value of Ihuman that is recorded on the company's balance sheet. Investors also form their own opinion of Ihuman's value that differs from its market value or its book value, called intrinsic value, which is Ihuman'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 Ihuman's market value can be influenced by many factors that don't directly affect Ihuman'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 Ihuman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ihuman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ihuman'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.