Smartfinancial, Stock Beneish M Score

SMBK Stock  USD 31.44  0.15  0.48%   
This module uses fundamental data of SmartFinancial, to approximate the value of its Beneish M Score. SmartFinancial, 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 SmartFinancial, Piotroski F Score and SmartFinancial, Altman Z Score analysis.
For more information on how to buy SmartFinancial, Stock please use our How to buy in SmartFinancial, Stock guide.
  
At this time, SmartFinancial,'s Short and Long Term Debt Total is quite stable compared to the past year. Long Term Debt is expected to rise to about 45.3 M this year, although the value of Long Term Debt Total will most likely fall to about 90.7 M. At this time, SmartFinancial,'s ROIC is quite stable compared to the past year. Net Income Per Share is expected to rise to 1.79 this year, although Book Value Per Share will most likely fall to 27.14.
At this time, it appears that SmartFinancial, is an unlikely manipulator. The earnings manipulation may begin if SmartFinancial,'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 SmartFinancial, 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 SmartFinancial,'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.
-2.57
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.9

Focus
Asset Quality

1.01

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

0.87

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.91

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.84

Focus

SmartFinancial, 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 SmartFinancial,'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 Receivables64.7 M68.1 M
Notably Down
Pretty Stable
Total Revenue160 M152.4 M
Sufficiently Up
Slightly volatile
Total AssetsB4.8 B
Fairly Up
Slightly volatile
Total Current Assets529.5 M470 M
Moderately Up
Pretty Stable
Non Current Assets Total678.6 M889.8 M
Way Down
Pretty Stable
Depreciation And Amortization15.9 M13.5 M
Fairly Up
Slightly volatile
Selling General Administrative72.4 M68.9 M
Sufficiently Up
Slightly volatile
Total Current Liabilities7.6 MM
Notably Down
Pretty Stable
Non Current Liabilities Total40 M42.1 M
Notably Down
Pretty Stable
Short Term Debt7.6 MM
Notably Down
Slightly volatile
Total Cash From Operating Activities59.7 M39.7 M
Way Up
Slightly volatile
Long Term Investments354.3 M689.6 M
Way Down
Slightly volatile
Gross Profit Margin0.780.9
Fairly Down
Very volatile

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

About SmartFinancial, 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

15.85 Million

At this time, SmartFinancial,'s Depreciation And Amortization is quite stable compared to the past year.

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

About SmartFinancial, Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SmartFinancial,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SmartFinancial, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SmartFinancial, 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 SmartFinancial, is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SmartFinancial, Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Smartfinancial, Stock. Highlighted below are key reports to facilitate an investment decision about Smartfinancial, Stock:
Check out SmartFinancial, Piotroski F Score and SmartFinancial, Altman Z Score analysis.
For more information on how to buy SmartFinancial, Stock please use our How to buy in SmartFinancial, Stock guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Regional 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 SmartFinancial,. If investors know SmartFinancial, 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 SmartFinancial, 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
3.5
Dividend Share
0.32
Earnings Share
1.93
Revenue Per Share
9.481
Quarterly Revenue Growth
0.346
The market value of SmartFinancial, is measured differently than its book value, which is the value of SmartFinancial, that is recorded on the company's balance sheet. Investors also form their own opinion of SmartFinancial,'s value that differs from its market value or its book value, called intrinsic value, which is SmartFinancial,'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 SmartFinancial,'s market value can be influenced by many factors that don't directly affect SmartFinancial,'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 SmartFinancial,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartFinancial, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartFinancial,'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.