| IMAX Stock | | | USD 24.71 0.06 0.24% |
This module uses fundamental data of Imax Corp to approximate the value of its Beneish M Score. Imax Corp 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
Imax Corp Piotroski F Score and
Imax Corp Altman Z Score analysis.
For more information on how to buy Imax Stock please use our
How to Invest in Imax Corp guide.
At this time, Imax Corp's
Short and Long Term Debt Total is fairly stable compared to the past year.
Net Debt is likely to rise to about 184.6
M in 2024, whereas
Short Term Debt is likely to drop slightly above 21.8
M in 2024. At this time, Imax Corp's
Capex To Revenue is fairly stable compared to the past year.
Cash Per Share is likely to rise to 1.47 in 2024, whereas
Dividend Yield is likely to drop 0.0006 in 2024.
At this time, it appears that Imax Corp is a possible manipulator. The earnings manipulation may begin if Imax Corp'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 Imax Corp 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 Imax Corp'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.
-2.14
Beneish M Score - Possible Manipulator
| Elasticity of Receivables | |
| Financial Leverage Condition | |
Imax Corp 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 Imax Corp'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.
Imax 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 Imax Corp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Imax Corp in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Imax Corp's degree of accounting gimmicks and manipulations.
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About Imax Corp 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.
Imax Corp 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 Imax Corp. 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.
Imax Corp 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, Imax Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Imax Corp's managers, analysts, and investors.
About Imax Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Imax Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Imax Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Imax 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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Additional Tools for Imax Stock Analysis
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measure Imax Corp'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 Imax Corp is operating at the current time. Most of Imax Corp's value examination focuses on studying past and present price action to
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