Vivid Seats Stock Beneish M Score

SEAT Stock  USD 3.60  0.08  2.27%   
This module uses fundamental data of Vivid Seats to approximate the value of its Beneish M Score. Vivid Seats 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 Vivid Seats Piotroski F Score and Vivid Seats Altman Z Score analysis.
For more information on how to buy Vivid Stock please use our How to Invest in Vivid Seats guide.
  
At this time, Vivid Seats' Short and Long Term Debt Total is comparatively stable compared to the past year. Net Debt is likely to gain to about 204.3 M in 2024, whereas Long Term Debt Total is likely to drop slightly above 12.7 M in 2024. At this time, Vivid Seats' Days Of Inventory On Hand is comparatively stable compared to the past year. Payables Turnover is likely to gain to 0.79 in 2024, whereas Book Value Per Share is likely to drop 3.29 in 2024.
At this time, it appears that Vivid Seats is an unlikely manipulator. The earnings manipulation may begin if Vivid Seats' 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 Vivid Seats 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 Vivid Seats' 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.
-2.96
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.03

Focus
Asset Quality

0.89

Focus
Expense Coverage

1.07

Focus
Gross Margin Strengs

0.73

Focus
Accruals Factor

1.07

Focus
Depreciation Resistance

0.88

Focus
Net Sales Growth

0.7

Focus
Financial Leverage Condition

1.0

Focus

Vivid Seats 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 Vivid Seats' 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 Receivables42.1 M58.5 M
Way Down
Slightly volatile
Total Revenue497.2 M712.9 M
Way Down
Very volatile
Total Assets1.5 B1.6 B
Sufficiently Down
Slightly volatile
Total Current Assets379.7 M246 M
Way Up
Slightly volatile
Non Current Assets Total806.5 M1.3 B
Way Down
Slightly volatile
Property Plant Equipment12.6 M12 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization27.4 M18 M
Way Up
Slightly volatile
Selling General Administrative118.7 M159.1 M
Way Down
Slightly volatile
Total Current Liabilities408.7 M487.8 M
Fairly Down
Slightly volatile
Non Current Liabilities Total507.2 M475.6 M
Notably Up
Slightly volatile
Short Term Debt3.7 M3.9 M
Notably Down
Pretty Stable
Long Term Debt394.7 M264.6 M
Way Up
Slightly volatile
Gross Profit Margin0.540.7444
Way Down
Slightly volatile

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

About Vivid Seats 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

27.45 Million

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

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

About Vivid Seats Fundamental Analysis

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

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