This module uses fundamental data of Ming Shing to approximate the value of its Beneish M Score. Ming Shing 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 Ming Shing Piotroski F Score and Ming Shing Altman Z Score analysis.
Ming
Beneish M Score
Investments
Change In Cash
Free Cash Flow
Change In Working Capital
Begin Period Cash Flow
Depreciation
Other Non Cash Items
Total Cash From Operating Activities
Change To Account Receivables
Net Income
Total Cash From Financing Activities
End Period Cash Flow
Total Assets
Total Current Liabilities
Total Stockholder Equity
Property Plant And Equipment Net
Net Debt
Retained Earnings
Accounts Payable
Cash
Non Current Assets Total
Non Currrent Assets Other
Long Term Debt
Net Receivables
Non Current Liabilities Total
Capital Lease Obligations
Total Liab
Net Invested Capital
Property Plant And Equipment Gross
Short Long Term Debt
Total Current Assets
Net Working Capital
Tax Provision
Net Interest Income
Interest Expense
Selling General Administrative
Total Revenue
Gross Profit
Operating Income
Net Income From Continuing Ops
Cost Of Revenue
Total Operating Expenses
Reconciled Depreciation
Income Before Tax
Total Other Income Expense Net
Probability Of Bankruptcy
Net Debt is likely to drop to about 3.9 M in 2024. Long Term Debt is likely to drop to about 1.8 M in 2024.
At this time, it appears that Ming Shing Group is an unlikely manipulator. The earnings manipulation may begin if Ming Shing'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 Ming Shing 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 Ming Shing'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.
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 Ming Shing'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.
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 Ming Shing's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Ming Shing in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Ming Shing's degree of accounting gimmicks and manipulations.
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.
Operating Income
2.6 Million
At this time, Ming Shing's Operating Income is fairly stable compared to the past year.
About Ming Shing Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ming Shing Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ming Shing using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ming Shing 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.
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When running Ming Shing's price analysis, check to measure Ming Shing'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 Ming Shing is operating at the current time. Most of Ming Shing's value examination focuses on studying past and present price action to predict the probability of Ming Shing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ming Shing's price. Additionally, you may evaluate how the addition of Ming Shing to your portfolios can decrease your overall portfolio volatility.