Gruppo Mutuionline Spa Stock Beneish M Score

0O2B Stock   39.60  1.55  4.07%   
This module uses fundamental data of Gruppo MutuiOnline to approximate the value of its Beneish M Score. Gruppo MutuiOnline 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Gruppo MutuiOnline SpA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Gruppo MutuiOnline's Short and Long Term Debt Total is comparatively stable compared to the past year. Net Debt is likely to gain to about 250 M in 2024, whereas Long Term Debt is likely to drop slightly above 68.8 M in 2024.
At this time, Gruppo MutuiOnline's M Score is inapplicable. The earnings manipulation may begin if Gruppo MutuiOnline'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 Gruppo MutuiOnline 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 Gruppo MutuiOnline'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.
-3.26
Beneish M Score - Inapplicable
Elasticity of Receivables

1.0

Focus
Asset Quality

1.0

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.89

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

Gruppo MutuiOnline 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 Gruppo MutuiOnline'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 Receivables141.8 M135 M
Sufficiently Up
Slightly volatile
Total Revenue424.4 M404.2 M
Sufficiently Up
Slightly volatile
Total Assets999.4 M951.8 M
Sufficiently Up
Slightly volatile
Total Current Assets320.5 M305.2 M
Sufficiently Up
Slightly volatile
Non Current Assets Total714.5 M680.5 M
Sufficiently Up
Slightly volatile
Property Plant Equipment23.6 M30.8 M
Way Down
Slightly volatile
Depreciation And Amortization47.4 M45.1 M
Sufficiently Up
Slightly volatile
Selling General Administrative41.7 M39.7 M
Sufficiently Up
Slightly volatile
Total Current Liabilities228.8 M217.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total424 M403.8 M
Sufficiently Up
Slightly volatile
Short Term Debt88 M83.8 M
Sufficiently Up
Slightly volatile
Long Term Debt68.8 M90.3 M
Way Down
Slightly volatile
Operating Income36.7 M53.4 M
Way Down
Slightly volatile
Total Cash From Operating Activities98.2 M93.5 M
Sufficiently Up
Slightly volatile

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

About Gruppo MutuiOnline 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

47.36 Million

At this time, Gruppo MutuiOnline's Depreciation And Amortization is comparatively stable compared to the past year.

Gruppo MutuiOnline 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 Gruppo MutuiOnline. 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 Receivables95.4M105.5M127.2M123.7M135.0M141.8M
Total Revenue220.2M259.7M313.5M310.8M404.2M424.4M
Total Assets328.8M625.6M616.6M889.2M951.8M999.4M
Total Current Assets139.1M238.9M297.1M417.1M305.2M320.5M
Net Debt59.5M8.7M4.8M145.2M238.1M250.0M
Short Term Debt29.2M79.3M25.2M66.3M83.8M88.0M
Long Term Debt25.3M75.6M102.9M78.5M90.3M68.8M
Operating Income50.8M63.1M69.0M66.5M53.4M36.7M
Investments(37.5M)(7.9M)41.3M(67.8M)(61.0M)(57.9M)

About Gruppo MutuiOnline Fundamental Analysis

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

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