This module uses fundamental data of IperionX Limited to approximate the value of its Beneish M Score. IperionX Limited 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 IperionX Limited Piotroski F Score and IperionX Limited Altman Z Score analysis.
IperionX
Beneish M Score
Market Cap
Working Capital
Enterprise Value
Ptb Ratio
Book Value Per Share
Free Cash Flow Yield
Invested Capital
Operating Cash Flow Per Share
Average Payables
Capex To Depreciation
Pb Ratio
Free Cash Flow Per Share
Roic
Inventory Turnover
Net Income Per Share
Days Of Inventory On Hand
Payables Turnover
Average Inventory
Cash Per Share
Pocfratio
Interest Coverage
Capex To Operating Cash Flow
Pfcf Ratio
Days Payables Outstanding
Net Current Asset Value
Income Quality
Roe
Tangible Asset Value
Ev To Operating Cash Flow
Pe Ratio
Return On Tangible Assets
Ev To Free Cash Flow
Earnings Yield
Net Debt To E B I T D A
Current Ratio
Tangible Book Value Per Share
Graham Number
Shareholders Equity Per Share
Debt To Equity
Capex Per Share
Graham Net Net
Interest Debt Per Share
Debt To Assets
Enterprise Value Over E B I T D A
Price Earnings Ratio
Price Book Value Ratio
Price Earnings To Growth Ratio
Days Of Payables Outstanding
Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio
Ebt Per Ebit
Effective Tax Rate
Company Equity Multiplier
Total Debt To Capitalization
Return On Capital Employed
Debt Equity Ratio
Quick Ratio
Dividend Paid And Capex Coverage Ratio
Cash Ratio
Days Of Inventory Outstanding
Free Cash Flow Operating Cash Flow Ratio
Price To Book Ratio
Capital Expenditure Coverage Ratio
Price Cash Flow Ratio
Enterprise Value Multiple
Debt Ratio
Return On Assets
Price Fair Value
Return On Equity
Sale Purchase Of Stock
Investments
Change In Cash
Net Borrowings
Free Cash Flow
Begin Period Cash Flow
Total Cashflows From Investing Activities
Other Cashflows From Financing Activities
Depreciation
Other Non Cash Items
Capital Expenditures
Total Cash From Operating Activities
Change To Account Receivables
Change To Operating Activities
Net Income
Total Cash From Financing Activities
End Period Cash Flow
Change To Netincome
Change To Inventory
Stock Based Compensation
Change In Working Capital
Issuance Of Capital Stock
Total Assets
Other Current Liab
Total Current Liabilities
Total Stockholder Equity
Net Tangible Assets
Property Plant And Equipment Net
Net Debt
Retained Earnings
Accounts Payable
Cash
Non Current Assets Total
Other Assets
Cash And Short Term Investments
Net Receivables
Common Stock Shares Outstanding
Liabilities And Stockholders Equity
Non Current Liabilities Total
Inventory
Other Current Assets
Other Stockholder Equity
Total Liab
Net Invested Capital
Total Current Assets
Accumulated Other Comprehensive Income
Net Working Capital
Common Stock
Property Plant Equipment
Capital Stock
Short Long Term Debt Total
Capital Lease Obligations
Property Plant And Equipment Gross
Short Term Debt
Long Term Debt
Short Long Term Debt
Net Interest Income
Interest Income
Depreciation And Amortization
Interest Expense
Selling General Administrative
Other Operating Expenses
Operating Income
Net Income From Continuing Ops
Ebit
Ebitda
Total Operating Expenses
Income Before Tax
Total Other Income Expense Net
Net Income Applicable To Common Shares
Income Tax Expense
Reconciled Depreciation
Gross Profit
Research Development
Cost Of Revenue
Probability Of Bankruptcy
At this time, IperionX Limited's Debt To Equity is fairly stable compared to the past year. Total Debt To Capitalization is likely to rise to 0.0005 in 2024, despite the fact that Net Debt is likely to grow to (30.1 M). At this time, IperionX Limited's Income Quality is fairly stable compared to the past year. Tangible Asset Value is likely to rise to about 1.9 M in 2024, whereas Free Cash Flow Yield is likely to drop (0.09) in 2024.
At this time, it appears that IperionX Limited American is an unlikely manipulator. The earnings manipulation may begin if IperionX Limited'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 IperionX Limited 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 IperionX Limited'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.
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 IperionX Limited'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.
IperionX Limited American 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 IperionX Limited's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards IperionX Limited in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find IperionX Limited's degree of accounting gimmicks and manipulations.
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.
Other Operating Expenses
13.59 Million
At this time, IperionX Limited's Other Operating Expenses is fairly stable compared to the past year.
IperionX Limited 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 IperionX Limited. 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.
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, IperionX Limited's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to IperionX Limited's managers, analysts, and investors.
Environmental
Governance
Social
About IperionX Limited Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze IperionX Limited American's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IperionX Limited using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IperionX Limited American 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running IperionX Limited's price analysis, check to measure IperionX Limited'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 IperionX Limited is operating at the current time. Most of IperionX Limited's value examination focuses on studying past and present price action to predict the probability of IperionX Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IperionX Limited's price. Additionally, you may evaluate how the addition of IperionX Limited to your portfolios can decrease your overall portfolio volatility.