Sportradar Group Ag Stock Beneish M Score

SRAD Stock  USD 17.73  0.23  1.31%   
This module uses fundamental data of Sportradar Group to approximate the value of its Beneish M Score. Sportradar Group 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 Sportradar Group Piotroski F Score and Sportradar Group Altman Z Score analysis.
  
The current year's Cash Flow To Debt Ratio is expected to grow to 1,371, whereas Short and Long Term Debt Total is forecasted to decline to about 47.6 M. At present, Sportradar Group's ROIC is projected to increase slightly based on the last few years of reporting. The current year's Inventory Turnover is expected to grow to 28.03, whereas PTB Ratio is forecasted to decline to 3.40.
At this time, it appears that Sportradar Group is an unlikely manipulator. The earnings manipulation may begin if Sportradar Group'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 Sportradar Group 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 Sportradar Group'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.
-3.03
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.95

Focus
Asset Quality

0.91

Focus
Expense Coverage

0.89

Focus
Gross Margin Strengs

1.12

Focus
Accruals Factor

0.89

Focus
Depreciation Resistance

1.01

Focus
Net Sales Growth

0.74

Focus
Financial Leverage Condition

0.81

Focus

Sportradar Group 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 Sportradar Group'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 Receivables93.4 M132.1 M
Way Down
Slightly volatile
Total Revenue650 M877.6 M
Way Down
Slightly volatile
Total Assets1.6 B2.2 B
Way Down
Slightly volatile
Total Current Assets498 M449.1 M
Significantly Up
Slightly volatile
Non Current Assets Total1.1 B1.8 B
Way Down
Slightly volatile
Property Plant Equipment29.3 M34.1 M
Fairly Down
Slightly volatile
Depreciation And Amortization170.2 M206.4 M
Significantly Down
Pretty Stable
Selling General Administrative241.3 M366.4 M
Way Down
Slightly volatile
Total Current Liabilities288.4 M356.1 M
Significantly Down
Slightly volatile
Non Current Liabilities Total677.7 MB
Way Down
Slightly volatile
Short Term Debt7.7 M9.6 M
Significantly Down
Slightly volatile
Long Term Debt137.8 K145 K
Notably Down
Very volatile
Operating Income62 M78.2 M
Significantly Down
Slightly volatile
Total Cash From Operating Activities188.4 M258.6 M
Way Down
Slightly volatile
Long Term Investments7.9 M8.3 M
Notably Down
Pretty Stable
Gross Profit Margin0.890.7977
Moderately Up
Slightly volatile

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

About Sportradar Group 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

170.2 Million

At present, Sportradar Group's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting.

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

About Sportradar Group Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sportradar Group AG's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sportradar Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sportradar Group AG 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 Sportradar Group is a strong investment it is important to analyze Sportradar Group'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 Sportradar Group's future performance. For an informed investment choice regarding Sportradar Stock, refer to the following important reports:
Check out Sportradar Group Piotroski F Score and Sportradar Group Altman Z Score analysis.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Hotels, Restaurants & Leisure 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 Sportradar Group. If investors know Sportradar 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 Sportradar Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.364
Earnings Share
0.14
Revenue Per Share
3.506
Quarterly Revenue Growth
0.269
Return On Assets
0.0373
The market value of Sportradar Group is measured differently than its book value, which is the value of Sportradar that is recorded on the company's balance sheet. Investors also form their own opinion of Sportradar Group's value that differs from its market value or its book value, called intrinsic value, which is Sportradar Group'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 Sportradar Group's market value can be influenced by many factors that don't directly affect Sportradar Group'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 Sportradar Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sportradar Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sportradar Group'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.