Ssc Technologies Holdings Stock Beneish M Score

SSNC Stock  USD 75.16  1.73  2.36%   
This module uses fundamental data of SSC Technologies to approximate the value of its Beneish M Score. SSC Technologies 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 SSC Technologies Piotroski F Score and SSC Technologies Altman Z Score analysis.
  
At present, SSC Technologies' Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt is expected to grow to about 64.8 M, whereas Net Debt is forecasted to decline to about 3 B. At present, SSC Technologies' Dividend Yield is projected to increase slightly based on the last few years of reporting. The current year's Days Sales Outstanding is expected to grow to 240.36, whereas PTB Ratio is forecasted to decline to 1.89.
At this time, it appears that SSC Technologies Holdings is an unlikely manipulator. The earnings manipulation may begin if SSC Technologies' 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 SSC Technologies 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 SSC Technologies' 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.
-2.61
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.69

Focus
Asset Quality

1.0

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.11

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.86

Focus

SSC Technologies 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 SSC Technologies' 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 Receivables606.2 M835.5 M
Way Down
Slightly volatile
Total Revenue5.8 B5.5 B
Sufficiently Up
Slightly volatile
Total Assets19 B18.1 B
Sufficiently Up
Slightly volatile
Total Current Assets4.3 B4.1 B
Sufficiently Up
Slightly volatile
Non Current Assets Total14.8 B14.1 B
Sufficiently Up
Slightly volatile
Property Plant Equipment729.9 M695.2 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization703.9 M670.4 M
Sufficiently Up
Slightly volatile
Selling General Administrative433 M412.4 M
Sufficiently Up
Slightly volatile
Total Current LiabilitiesB3.8 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total8.3 B7.9 B
Sufficiently Up
Slightly volatile
Net DebtB3.9 B
Way Down
Slightly volatile
Short Term Debt42.1 M51.5 M
Significantly Down
Slightly volatile
Long Term DebtB6.7 B
Sufficiently Up
Slightly volatile
Operating Income1.3 B1.2 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.3 B1.2 B
Sufficiently Up
Slightly volatile
Long Term Investments432.6 M529.9 M
Significantly Down
Very volatile
Gross Profit Margin0.520.4685
Significantly Up
Very volatile

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

About SSC Technologies 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.

Accumulated Depreciation

(94.86 Million)

At present, SSC Technologies' Accumulated Depreciation is projected to decrease significantly based on the last few years of reporting.

SSC Technologies 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 SSC Technologies. 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 Receivables689.7M1.9B2.8B1.8B835.5M606.2M
Total Revenue4.6B4.7B5.1B5.3B5.5B5.8B
Total Assets16.7B15.9B17.3B16.7B18.1B19.0B
Total Current Assets2.8B2.3B4.3B2.4B4.1B4.3B
Net Debt7.3B6.6B5.7B6.9B3.9B3.0B
Short Term Debt76.3M53.9M47.4M55.7M51.5M42.1M
Long Term Debt7.1B6.4B5.9B7.0B6.7B7.0B
Operating Income914.4M985.8M1.2B1.1B1.2B1.3B
Investments67.6M(600K)(35.2M)(1.8B)(216.9M)(227.7M)

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

About SSC Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SSC Technologies Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SSC Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SSC Technologies Holdings 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 SSC Technologies Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SSC Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ssc Technologies Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ssc Technologies Holdings Stock:
Check out SSC Technologies Piotroski F Score and SSC Technologies Altman Z Score analysis.
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Is Application Software 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 SSC Technologies. If investors know SSC 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 SSC Technologies 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
0.066
Dividend Share
0.97
Earnings Share
2.79
Revenue Per Share
23.383
Quarterly Revenue Growth
0.073
The market value of SSC Technologies Holdings is measured differently than its book value, which is the value of SSC that is recorded on the company's balance sheet. Investors also form their own opinion of SSC Technologies' value that differs from its market value or its book value, called intrinsic value, which is SSC Technologies' 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 SSC Technologies' market value can be influenced by many factors that don't directly affect SSC Technologies' 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 SSC Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if SSC Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSC Technologies' 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.