Technology Telecommunication Stock Beneish M Score

TETE Stock  USD 12.23  0.01  0.08%   
This module uses fundamental data of Technology Telecommunicatio to approximate the value of its Beneish M Score. Technology Telecommunicatio 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 Technology Telecommunicatio Piotroski F Score and Technology Telecommunicatio Altman Z Score analysis.
  
At present, Technology Telecommunicatio's Net Debt To EBITDA is projected to increase based on the last few years of reporting. The current year's Debt To Equity is expected to grow to 0.07, whereas Short and Long Term Debt is forecasted to decline to about 1.1 M. At present, Technology Telecommunicatio's PB Ratio is projected to increase significantly based on the last few years of reporting. The current year's PE Ratio is expected to grow to 456.69, whereas Free Cash Flow Yield is projected to grow to (0.01).
At this time, it appears that Technology Telecommunicatio is an unlikely manipulator. The earnings manipulation may begin if Technology Telecommunicatio'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 Technology Telecommunicatio 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 Technology Telecommunicatio'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.
-5.16
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

N/A

Focus
Asset Quality

N/A

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

0.73

Focus

Technology Telecommunicatio 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 Technology Telecommunicatio'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
Total Assets55.9 M38.8 M
Way Up
Slightly volatile
Total Current Assets13.6 K14.3 K
Notably Down
Very volatile
Non Current Assets Total55.7 M38.8 M
Way Up
Slightly volatile
Depreciation And Amortization2.4 M2.3 M
Sufficiently Up
Slightly volatile
Selling General Administrative400.8 K450.9 K
Fairly Down
Slightly volatile
Total Current Liabilities3.8 M3.6 M
Sufficiently Up
Slightly volatile
Non Current Liabilities TotalM4.6 M
Way Down
Slightly volatile
Short Term Debt1.1 M2.2 M
Way Down
Slightly volatile
Short Term Investments94.4 M106.2 M
Fairly Down
Slightly volatile

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

About Technology Telecommunicatio 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

2.44 Million

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

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

About Technology Telecommunicatio Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Technology Telecommunication's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Technology Telecommunicatio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Technology Telecommunication 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 Technology Telecommunicatio is a strong investment it is important to analyze Technology Telecommunicatio'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 Technology Telecommunicatio's future performance. For an informed investment choice regarding Technology Stock, refer to the following important reports:
Check out Technology Telecommunicatio Piotroski F Score and Technology Telecommunicatio Altman Z Score analysis.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Asset Management & Custody Banks 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 Technology Telecommunicatio. If investors know Technology 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 Technology Telecommunicatio 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
0.876
Earnings Share
0.05
Return On Assets
(0.03)
The market value of Technology Telecommunicatio is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Technology Telecommunicatio'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 Technology Telecommunicatio's market value can be influenced by many factors that don't directly affect Technology Telecommunicatio'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 Technology Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Telecommunicatio'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.