Industrial Logistics Properties Stock Beneish M Score

ILPT Stock  USD 3.77  0.04  1.05%   
This module uses fundamental data of Industrial Logistics to approximate the value of its Beneish M Score. Industrial Logistics 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 Industrial Logistics Piotroski F Score and Industrial Logistics Altman Z Score analysis.
  
At this time, Industrial Logistics' Debt To Assets are comparatively stable compared to the past year. Long Term Debt To Capitalization is likely to gain to 0.91 in 2024, whereas Short Term Debt is likely to drop slightly above 19.9 M in 2024. At this time, Industrial Logistics' EV To Operating Cash Flow is comparatively stable compared to the past year. EV To Free Cash Flow is likely to gain to 783.24 in 2024, whereas PTB Ratio is likely to drop 0.44 in 2024.
At this time, it appears that Industrial Logistics is a possible manipulator. The earnings manipulation may begin if Industrial Logistics' 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 Industrial Logistics 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 Industrial Logistics' 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.
2.21
Beneish M Score - Possible Manipulator
Elasticity of Receivables

1.08

Focus
Asset Quality

13.43

Focus
Expense Coverage

1.07

Focus
Gross Margin Strengs

1.11

Focus
Accruals Factor

1.07

Focus
Depreciation Resistance

1.71

Focus
Net Sales Growth

0.6

Focus
Financial Leverage Condition

2.05

Focus

Industrial Logistics 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 Industrial Logistics' 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 Receivables77.5 M119.2 M
Way Down
Slightly volatile
Total Revenue262.7 M437.3 M
Way Down
Slightly volatile
Total Assets2.9 B5.6 B
Way Down
Slightly volatile
Total Current Assets415.2 M395.5 M
Sufficiently Up
Slightly volatile
Non Current Assets Total2.7 B5.2 B
Way Down
Slightly volatile
Property Plant Equipment5.9 B5.6 B
Sufficiently Up
Slightly volatile
Depreciation And Amortization108.1 M178.7 M
Way Down
Slightly volatile
Selling General Administrative20 M31.2 M
Way Down
Slightly volatile
Total Current Liabilities2.9 B2.7 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total4.5 B4.3 B
Sufficiently Up
Slightly volatile
Net Debt4.4 B4.2 B
Sufficiently Up
Slightly volatile
Short Term Debt19.9 M21 M
Notably Down
Very volatile
Long Term Debt4.5 B4.3 B
Sufficiently Up
Slightly volatile
Operating Income109.5 M129.2 M
Fairly Down
Slightly volatile
Total Cash From Operating Activities5.8 M6.1 M
Notably Down
Slightly volatile
Short Term Investments29 M30.6 M
Notably Down
Slightly volatile
Long Term Investments82.9 M115.4 M
Way Down
Slightly volatile
Gross Profit Margin0.960.862
Moderately Up
Very volatile

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

About Industrial Logistics 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

108.08 Million

At this time, Industrial Logistics' Depreciation And Amortization is comparatively stable compared to the past year.

Industrial Logistics 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 Industrial Logistics. 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 Receivables64.3M69.5M75.9M107.0M119.2M77.5M
Total Revenue229.2M254.6M219.9M388.2M437.3M262.7M
Total Assets2.5B1.9B1.9B5.7B5.6B2.9B
Total Current Assets98.8M95.0M105.3M247.8M395.5M415.2M
Net Debt1.4B858.4M811.2M4.2B4.2B4.4B
Short Term Debt310M221M182M22.4M21.0M19.9M
Long Term Debt1.4B645.6M646.1M4.2B4.3B4.5B
Operating Income102.9M108.7M103.7M115.5M129.2M109.5M
Investments8.3M106.6M804K(3.4B)42.6M44.7M

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

About Industrial Logistics Fundamental Analysis

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

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