Streamline Health Solutions Stock Beneish M Score

STRM Stock  USD 3.12  0.03  0.95%   
This module uses fundamental data of Streamline Health to approximate the value of its Beneish M Score. Streamline Health 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 Streamline Health Piotroski F Score and Streamline Health Altman Z Score analysis.
  
At this time, Streamline Health's Net Debt is very stable compared to the past year. As of the 25th of November 2024, Debt To Equity is likely to grow to 0.66, while Short Term Debt is likely to drop about 1.2 M. At this time, Streamline Health's Capex To Revenue is very stable compared to the past year. As of the 25th of November 2024, Days Payables Outstanding is likely to grow to 49.25, while PTB Ratio is likely to drop 1.11.
At this time, it appears that Streamline Health is an unlikely manipulator. The earnings manipulation may begin if Streamline Health'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 Streamline Health 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 Streamline Health'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.
-5.15
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.2

Focus
Asset Quality

0.65

Focus
Expense Coverage

1.18

Focus
Gross Margin Strengs

0.78

Focus
Accruals Factor

1.18

Focus
Depreciation Resistance

1.46

Focus
Net Sales Growth

0.84

Focus
Financial Leverage Condition

1.11

Focus

Streamline Health 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 Streamline Health'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 Receivables5.1 MM
Fairly Up
Pretty Stable
Total Revenue19.1 M22.6 M
Fairly Down
Very volatile
Total Assets32 M41.7 M
Way Down
Pretty Stable
Total Current Assets12.7 M8.8 M
Way Up
Pretty Stable
Non Current Assets Total19.4 M32.9 M
Way Down
Slightly volatile
Property Plant Equipment7.2 M6.8 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization2.9 M4.9 M
Way Down
Pretty Stable
Selling General Administrative8.3 M8.4 M
Slightly Down
Very volatile
Total Current Liabilities10.2 M13.7 M
Way Down
Pretty Stable
Short Term Debt1.2 M1.5 M
Significantly Down
Very volatile
Long Term Debt5.2 M9.1 M
Way Down
Pretty Stable
Long Term Investments7.4 K7.8 K
Notably Down
Slightly volatile
Gross Profit Margin0.40.5108
Significantly Down
Very volatile

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

About Streamline Health 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

1.83 Million

At this time, Streamline Health's Accumulated Depreciation is very stable compared to the past year.

Streamline Health 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 Streamline Health. 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 Receivables4.0M3.1M4.7M8.7M5.0M5.1M
Total Revenue20.7M11.3M17.4M24.9M22.6M19.1M
Total Assets31.7M26.0M61.8M61.5M41.7M32.0M
Total Current Assets6.6M7.3M15.1M16.0M8.8M12.7M
Net Debt2.2M312K256K3.2M7.4M7.7M
Short Term Debt3.8M1.7M454K785K1.5M1.2M
Operating Income(1.5M)(5.8M)(10.8M)(10.8M)(19.6M)(18.7M)
Investments(3.4M)9.5M(13.2M)(1.9M)(1.6M)(1.7M)

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

About Streamline Health Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Streamline Health Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Streamline Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Streamline Health Solutions 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 Streamline Health is a strong investment it is important to analyze Streamline Health'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 Streamline Health's future performance. For an informed investment choice regarding Streamline Stock, refer to the following important reports:
Check out Streamline Health Piotroski F Score and Streamline Health Altman Z Score analysis.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Health Care Technology 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 Streamline Health. If investors know Streamline 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 Streamline Health 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
12.131
Earnings Share
(4.80)
Revenue Per Share
5.249
Quarterly Revenue Growth
(0.01)
Return On Assets
(0.11)
The market value of Streamline Health is measured differently than its book value, which is the value of Streamline that is recorded on the company's balance sheet. Investors also form their own opinion of Streamline Health's value that differs from its market value or its book value, called intrinsic value, which is Streamline Health'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 Streamline Health's market value can be influenced by many factors that don't directly affect Streamline Health'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 Streamline Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Streamline Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Streamline Health'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.