This module uses fundamental data of Pilbara Minerals to approximate the value of its Beneish M Score. Pilbara Minerals 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pilbara Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Pilbara
Beneish M Score
Capital Expenditures
Change To Account Receivables
Total Cash From Financing Activities
End Period Cash Flow
Change In Cash
Free Cash Flow
Begin Period Cash Flow
Total Cashflows From Investing Activities
Other Cashflows From Financing Activities
Other Non Cash Items
Total Cash From Operating Activities
Net Income
Other Cashflows From Investing Activities
Sale Purchase Of Stock
Depreciation
Change To Operating Activities
Change To Netincome
Change To Liabilities
Change In Working Capital
Investments
Net Borrowings
Change To Inventory
Stock Based Compensation
Dividends Paid
Issuance Of Capital Stock
Total Assets
Other Current Liab
Total Current Liabilities
Accounts Payable
Cash
Net Receivables
Other Current Assets
Total Liab
Common Stock
Property Plant Equipment
Total Stockholder Equity
Net Debt
Retained Earnings
Cash And Short Term Investments
Common Stock Total Equity
Common Stock Shares Outstanding
Liabilities And Stockholders Equity
Total Current Assets
Accumulated Other Comprehensive Income
Net Tangible Assets
Property Plant And Equipment Net
Non Current Assets Total
Other Stockholder Equity
Property Plant And Equipment Gross
Inventory
Non Currrent Assets Other
Short Long Term Debt Total
Current Deferred Revenue
Long Term Investments
Short Long Term Debt
Short Term Debt
Long Term Debt
Short Term Investments
Long Term Debt Total
Non Current Liabilities Total
Capital Lease Obligations
Other Liab
Net Invested Capital
Cash And Equivalents
Net Working Capital
Other Assets
Capital Stock
Interest Expense
Cost Of Revenue
Selling General Administrative
Total Revenue
Selling And Marketing Expenses
Other Operating Expenses
Operating Income
Ebit
Ebitda
Total Operating Expenses
Income Before Tax
Total Other Income Expense Net
Income Tax Expense
Gross Profit
Net Income From Continuing Ops
Net Income Applicable To Common Shares
Depreciation And Amortization
Tax Provision
Net Interest Income
Interest Income
Reconciled Depreciation
Probability Of Bankruptcy
At this time, Pilbara Minerals' Short and Long Term Debt Total is comparatively stable compared to the past year. Short Term Debt is likely to gain to about 142.6 M in 2024, despite the fact that Net Debt is likely to grow to (1 B).
At this time, Pilbara Minerals' M Score is inapplicable. The earnings manipulation may begin if Pilbara Minerals' 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 Pilbara Minerals 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 Pilbara Minerals' 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 Pilbara Minerals' 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.
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 Pilbara Minerals' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Pilbara Minerals in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Pilbara Minerals' 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.
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 Pilbara Minerals. 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.
The Macroaxis Fundamental Analysis modules help investors analyze Pilbara Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pilbara Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pilbara Minerals 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
When running Pilbara Minerals' price analysis, check to measure Pilbara Minerals' 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 Pilbara Minerals is operating at the current time. Most of Pilbara Minerals' value examination focuses on studying past and present price action to predict the probability of Pilbara Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pilbara Minerals' price. Additionally, you may evaluate how the addition of Pilbara Minerals to your portfolios can decrease your overall portfolio volatility.