Bwx Technologies Stock Beneish M Score

BWXT Stock  USD 130.50  1.30  1.01%   
This module uses fundamental data of BWX Technologies to approximate the value of its Beneish M Score. BWX Technologies 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 BWX Technologies Piotroski F Score and BWX Technologies Altman Z Score analysis.
For more information on how to buy BWX Stock please use our How to Invest in BWX Technologies guide.
  
At this time, BWX Technologies' Debt Ratio is comparatively stable compared to the past year. At this time, BWX Technologies' Capex To Operating Cash Flow is comparatively stable compared to the past year. PFCF Ratio is likely to gain to 34.75 in 2024, whereas Stock Based Compensation To Revenue is likely to drop 0.01 in 2024.
At this time, it appears that BWX Technologies is an unlikely manipulator. The earnings manipulation may begin if BWX Technologies' 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 BWX Technologies 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 BWX Technologies' 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.
-3.27
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.16

Focus
Asset Quality

-0.17

Focus
Expense Coverage

1.19

Focus
Gross Margin Strengs

0.72

Focus
Accruals Factor

1.19

Focus
Depreciation Resistance

1.12

Focus
Net Sales Growth

0.76

Focus
Financial Leverage Condition

1.67

Focus

BWX Technologies 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 BWX Technologies' 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 Revenue1.9 B2.5 B
Way Down
Very volatile
Total Assets1.9 B2.7 B
Way Down
Pretty Stable
Non Current Assets Total1.4 B1.9 B
Way Down
Slightly volatile
Selling General Administrative241.5 M266.4 M
Moderately Down
Slightly volatile
Non Current Liabilities Total1.1 B1.4 B
Significantly Down
Slightly volatile
Total Cash From Operating Activities266 M363.7 M
Way Down
Very volatile
Gross Profit Margin0.180.2486
Way Down
Pretty Stable

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

About BWX Technologies 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

(653.8 Million)

At this time, BWX Technologies' Accumulated Depreciation is comparatively stable compared to the past year.

BWX Technologies 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 BWX Technologies. 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 Receivables492.9M680.0M685.4M674.6M674.9M594.1M
Total Revenue1.9B2.1B2.1B2.2B2.5B1.9B
Total Assets1.9B2.3B2.5B2.6B2.7B1.9B
Total Current Assets629.8M773.6M773.7M771.6M817.8M761.5M
Net Debt737.6M908.8M1.2B1.3B1.2B1.2B
Short Term Debt14.7M88.7M3.9M6.3M10.3M16.8M
Long Term Debt809.4M862.7M1.2B1.3B1.2B1.3B
Operating Income325.5M358.6M345.8M348.6M383.1M320.7M
Investments1.7M2.1M814K(256.2M)(168.1M)(159.7M)

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

About BWX Technologies Fundamental Analysis

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

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