Thryv Holdings Stock Beneish M Score

THRY Stock  USD 14.90  0.44  3.04%   
This module uses fundamental data of Thryv Holdings to approximate the value of its Beneish M Score. Thryv Holdings 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 Thryv Holdings Piotroski F Score and Thryv Holdings Altman Z Score analysis.
For more information on how to buy Thryv Stock please use our How to Invest in Thryv Holdings guide.
  
At this time, Thryv Holdings' Long Term Debt is fairly stable compared to the past year. Debt To Assets is likely to rise to 0.68 in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 331.5 M in 2024. At this time, Thryv Holdings' Capex To Operating Cash Flow is fairly stable compared to the past year. PFCF Ratio is likely to rise to 6.46 in 2024, whereas Days Sales Outstanding is likely to drop 62.39 in 2024.
At this time, it appears that Thryv Holdings is an unlikely manipulator. The earnings manipulation may begin if Thryv Holdings' 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 Thryv Holdings 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 Thryv Holdings' 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.
-3.52
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.1

Focus
Asset Quality

1.08

Focus
Expense Coverage

0.81

Focus
Gross Margin Strengs

1.16

Focus
Accruals Factor

0.81

Focus
Depreciation Resistance

1.39

Focus
Net Sales Growth

1.16

Focus
Financial Leverage Condition

0.74

Focus

Thryv Holdings 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 Thryv Holdings' 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 Receivables269.9 M211.5 M
Significantly Up
Slightly volatile
Total Revenue1.1 B917 M
Fairly Up
Slightly volatile
Total Assets1.2 B783.2 M
Way Up
Slightly volatile
Total Current Assets317.3 M266.9 M
Fairly Up
Slightly volatile
Property Plant Equipment73.9 M38.1 M
Way Up
Pretty Stable
Depreciation And Amortization60.1 M63.3 M
Notably Down
Slightly volatile
Selling General Administrative193.4 M206.2 M
Notably Down
Slightly volatile
Total Current Liabilities378.8 M263.2 M
Way Up
Slightly volatile
Non Current Liabilities Total348.9 M367.3 M
Notably Down
Pretty Stable
Net Debt314.1 M330.7 M
Notably Down
Slightly volatile
Short Term Debt66.5 M70 M
Notably Down
Slightly volatile
Long Term Debt414.7 M278.9 M
Way Up
Slightly volatile
Total Cash From Operating Activities214.6 M148.2 M
Way Up
Slightly volatile
Short Term Investments307.2 M345.6 M
Fairly Down
Slightly volatile
Gross Profit Margin0.730.6306
Fairly Up
Slightly volatile

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

About Thryv Holdings 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

60.09 Million

At this time, Thryv Holdings' Depreciation And Amortization is fairly stable compared to the past year.

Thryv Holdings 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 Thryv Holdings. 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 Receivables418.8M316.8M299.0M298.8M211.5M269.9M
Total Revenue1.4B1.1B1.1B1.2B917.0M1.1B
Total Assets1.4B1.2B1.3B1.2B783.2M1.2B
Total Current Assets478.6M369.7M370.6M378.3M266.9M317.3M
Net Debt807.0M580.8M551.2M453.8M330.7M314.1M
Short Term Debt10.2M169.6M81.8M79.8M70M66.5M
Long Term Debt714.4M528.4M349.6M399.8M278.9M414.7M
Operating Income152.9M152.0M190.0M261.6M(200.0M)(190.0M)
Investments(25.4M)(26.2M)(196.6M)(52.0M)(41.9M)(44.0M)

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

About Thryv Holdings Fundamental Analysis

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

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