Motorsport Gaming Us Stock Beneish M Score

MSGM Stock  USD 1.11  0.02  1.77%   
This module uses fundamental data of Motorsport Gaming to approximate the value of its Beneish M Score. Motorsport Gaming 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 Motorsport Gaming Piotroski F Score and Motorsport Gaming Altman Z Score analysis.
  
At this time, Motorsport Gaming's Debt To Equity is very stable compared to the past year. As of the 22nd of November 2024, Debt Equity Ratio is likely to grow to 0, while Short and Long Term Debt Total is likely to drop about 188.7 K. At this time, Motorsport Gaming's Receivables Turnover is very stable compared to the past year. As of the 22nd of November 2024, Graham Number is likely to grow to 20.34, while PTB Ratio is likely to drop 2.49.
At this time, it appears that Motorsport Gaming is an unlikely manipulator. The earnings manipulation may begin if Motorsport Gaming'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 Motorsport Gaming 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 Motorsport Gaming'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.
-5.9
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.65

Focus
Asset Quality

0.98

Focus
Expense Coverage

0.89

Focus
Gross Margin Strengs

1.3

Focus
Accruals Factor

0.89

Focus
Depreciation Resistance

1.1

Focus
Net Sales Growth

1.46

Focus
Financial Leverage Condition

1.65

Focus

Motorsport Gaming 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 Motorsport Gaming'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 Receivables699 K735.8 K
Notably Down
Slightly volatile
Total Revenue10.1 M6.9 M
Way Up
Very volatile
Total Assets9.3 M9.8 M
Notably Down
Pretty Stable
Total Current Assets3.3 M3.5 M
Notably Down
Very volatile
Non Current Assets Total12.2 M6.2 M
Way Up
Slightly volatile
Property Plant Equipment878 K836.2 K
Sufficiently Up
Slightly volatile
Depreciation And Amortization1.6 M2.1 M
Way Down
Slightly volatile
Selling General Administrative12.2 M9.4 M
Significantly Up
Slightly volatile
Total Current Liabilities11 M7.6 M
Way Up
Slightly volatile
Non Current Liabilities Total72.9 K76.8 K
Notably Down
Slightly volatile
Gross Profit Margin0.620.476
Significantly Up
Slightly volatile

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

About Motorsport Gaming 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

1.63 Million

At this time, Motorsport Gaming's Depreciation And Amortization is very stable compared to the past year.

Motorsport Gaming 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 Motorsport Gaming. 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 Receivables5.1M6.0M5.6M2.0M735.8K699.0K
Total Assets12.8M17.4M50.7M18.9M9.8M9.3M
Total Current Assets7.1M10.5M24.6M4.0M3.5M3.3M
Net Debt6.1M6.9M(17.7M)18.5K(1.5M)(1.4M)
Short Term Debt8.0M10.9M(404.8K)380.5K153.0K145.4K
Investments(592.6K)(244.2K)(14.6M)(292.4K)(52.3K)(54.9K)

About Motorsport Gaming Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Motorsport Gaming Us's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Motorsport Gaming using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Motorsport Gaming Us 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 Motorsport Gaming is a strong investment it is important to analyze Motorsport Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Motorsport Gaming's future performance. For an informed investment choice regarding Motorsport Stock, refer to the following important reports:
Check out Motorsport Gaming Piotroski F Score and Motorsport Gaming Altman Z Score analysis.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Movies & Entertainment 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 Motorsport Gaming. If investors know Motorsport 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 Motorsport Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
2.06
Revenue Per Share
3.076
Quarterly Revenue Growth
0.082
Return On Assets
(0.49)
Return On Equity
(0.14)
The market value of Motorsport Gaming is measured differently than its book value, which is the value of Motorsport that is recorded on the company's balance sheet. Investors also form their own opinion of Motorsport Gaming's value that differs from its market value or its book value, called intrinsic value, which is Motorsport Gaming'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 Motorsport Gaming's market value can be influenced by many factors that don't directly affect Motorsport Gaming'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 Motorsport Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Motorsport Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Motorsport Gaming'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.