Ageagle Aerial Systems Stock Beneish M Score

UAVS Stock  USD 8.70  2.58  42.16%   
This module uses fundamental data of Ageagle Aerial to approximate the value of its Beneish M Score. Ageagle Aerial 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 Ageagle Aerial Piotroski F Score and Ageagle Aerial Altman Z Score analysis.
  
At this time, Ageagle Aerial's Net Debt is comparatively stable compared to the past year. Short Term Debt is likely to gain to about 6.1 M in 2024, whereas Long Term Debt Total is likely to drop slightly above 13.3 M in 2024. At this time, Ageagle Aerial's Intangibles To Total Assets are comparatively stable compared to the past year. Current Ratio is likely to gain to 1.47 in 2024, whereas Dividend Yield is likely to drop 0.0005 in 2024.
At this time, it appears that Ageagle Aerial Systems is an unlikely manipulator. The earnings manipulation may begin if Ageagle Aerial'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 Ageagle Aerial 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 Ageagle Aerial'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.
-6.64
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.5

Focus
Asset Quality

1.48

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.06

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.64

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.86

Focus

Ageagle Aerial 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 Ageagle Aerial'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 Receivables1.1 M2.1 M
Way Down
Pretty Stable
Total Revenue14.4 M13.7 M
Sufficiently Up
Slightly volatile
Total Assets30.8 M25.2 M
Fairly Up
Pretty Stable
Total Current Assets6.9 M10.5 M
Way Down
Slightly volatile
Non Current Assets Total26.1 M14.6 M
Way Up
Very volatile
Property Plant Equipment4.5 M4.3 M
Sufficiently Up
Pretty Stable
Selling General Administrative14.3 M13.6 M
Sufficiently Up
Slightly volatile
Total Current Liabilities11.6 M11 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.3 M3.4 M
Notably Down
Slightly volatile
Short Term Debt6.1 M5.8 M
Sufficiently Up
Pretty Stable

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

About Ageagle Aerial 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

1.41 Million

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

Ageagle Aerial 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 Ageagle Aerial. 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 Receivables65.8K600K3.1M2.4M2.1M1.1M
Total Revenue296.7K1.3M9.8M19.1M13.7M14.4M
Total Assets4.8M28.7M104.7M54.2M25.2M30.8M
Total Current Assets1.1M24.8M23.0M14.5M10.5M6.9M
Net Debt(718.0K)(23.6M)(11.2M)2.5M8.2M8.6M
Operating Income(2.5M)(4.9M)(17.9M)(22.6M)(39.2M)(37.2M)
Investments(24.4K)(779.0K)(42.5M)(8.4M)(861.1K)(904.2K)
Gross Profit Margin(0.0263)0.430.320.440.40.42

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

About Ageagle Aerial Fundamental Analysis

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

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