Thunderbird Entertainment Group Stock Beneish M Score

TBRD Stock  CAD 1.78  0.04  2.30%   
This module uses fundamental data of Thunderbird Entertainment to approximate the value of its Beneish M Score. Thunderbird Entertainment 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Thunderbird Entertainment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
  
At this time, Thunderbird Entertainment's Net Debt is fairly stable compared to the past year. Long Term Debt is likely to climb to about 815.2 K in 2024, whereas Short Term Debt is likely to drop slightly above 40.5 M in 2024. At this time, Thunderbird Entertainment's Current Ratio is fairly stable compared to the past year.
At this time, Thunderbird Entertainment's M Score is inapplicable. The earnings manipulation may begin if Thunderbird Entertainment'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 Thunderbird Entertainment 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 Thunderbird Entertainment'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.
-2.88
Beneish M Score - Inapplicable
Elasticity of Receivables

1.75

Focus
Asset Quality

1.29

Focus
Expense Coverage

1.93

Focus
Gross Margin Strengs

1.54

Focus
Accruals Factor

1.93

Focus
Depreciation Resistance

0.75

Focus
Net Sales Growth

0.54

Focus
Financial Leverage Condition

1.0

Focus

Thunderbird Entertainment 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 Thunderbird Entertainment'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 Receivables7.1 M7.5 M
Notably Down
Slightly volatile
Total Assets181.2 M172.6 M
Sufficiently Up
Slightly volatile
Total Current Assets107.4 M102.3 M
Sufficiently Up
Slightly volatile
Property Plant Equipment19.9 M30.6 M
Way Down
Slightly volatile
Depreciation And Amortization16 M15.2 M
Sufficiently Up
Slightly volatile
Selling General Administrative24.3 M23.2 M
Sufficiently Up
Slightly volatile
Total Current Liabilities86.8 M82.7 M
Sufficiently Up
Slightly volatile
Short Term Debt40.5 M64.1 M
Way Down
Slightly volatile
Long Term Debt815.2 K453.6 K
Way Up
Slightly volatile
Short Term Investments2.1 M2.3 M
Fairly Down
Pretty Stable
Long Term Investments30.5 M26.5 M
Fairly Up
Slightly volatile
Gross Profit Margin0.350.227
Way Up
Slightly volatile

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

About Thunderbird Entertainment 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

16.01 Million

At this time, Thunderbird Entertainment's Depreciation And Amortization is fairly stable compared to the past year.

Thunderbird Entertainment 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 Thunderbird Entertainment. 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 Receivables56.2M60.6M98.2M107.7M7.5M7.1M
Total Revenue81.3M111.5M149.0M166.7M165.3M89.9M
Total Assets155.2M160.1M223.7M215.9M172.6M181.2M
Total Current Assets73.8M86.8M134.3M133.5M102.3M107.4M
Net Debt56.5M35.4M55.1M49.1M56.5M59.3M
Short Term Debt47.8M37.6M63.9M55.7M64.1M40.5M
Operating Income7.5M9.5M7.5M(5.0M)5.3M5.6M
Investments(3.3M)(1.4M)(4.1M)(1.7M)(440K)(462K)
Gross Profit Margin0.370.310.260.220.230.35

About Thunderbird Entertainment Fundamental Analysis

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

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