LiveOne Beneish M Score

LVO
 Stock
  

USD 0.68  0.01  1.45%   

This module uses fundamental data of LiveOne to approximate the value of its Beneish M Score. LiveOne 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. Additionally, see LiveOne Piotroski F Score and LiveOne Altman Z Score analysis.
  
LiveOne Debt Current is quite stable at the moment as compared to the past year. The company's current value of Debt Current is estimated at 12,315.79. Debt Non Current is expected to rise to about 29.3 M this year, although the value of Total Debt will most likely fall to about 22.7 M. LiveOne Current Ratio is quite stable at the moment as compared to the past year. The company's current value of Current Ratio is estimated at 0.53. Debt to Equity Ratio is expected to rise to 4.51 this year, although the value of PPandE Turnover will most likely fall to 21.51.
At this time, it appears that LiveOne is an unlikely manipulator. The earnings manipulation may begin if LiveOne'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 LiveOne 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 LiveOne'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.
-4.23
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.77Focus
Asset Quality1.04Focus
Expense Coverage1.0Focus
Gross Margin Strengs1.28Focus
Accruals Factor1.0Focus
Depreciation Resistance0.99Focus
Net Sales Growth1.08Focus
Financial Leverage Condition0.95Focus

LiveOne 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 LiveOne'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
Selling General and Administrative Expense51.6 M47.8 M
Significantly Up
Increasing
Slightly volatile
Revenues126.3 M117 M
Significantly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables11.3 M13.7 M
Significantly Down
Increasing
Slightly volatile
Property Plant and Equipment Net3.8 M4.7 M
Significantly Down
Increasing
Slightly volatile
Liabilities Non Current29.8 M27.6 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities64.9 M60.1 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities94.7 M87.7 M
Significantly Up
Increasing
Slightly volatile
Investments Non Current4.6 M4.6 M
Slightly Down
Decreasing
Slightly volatile
Investments4.6 M4.6 M
Slightly Down
Decreasing
Slightly volatile
Gross Margin26.2820.5428
Significantly Up
Decreasing
Slightly volatile
Depreciation Amortization and Accretion8.1 M9.6 M
Fairly Down
Increasing
Slightly volatile
Debt Non Current29.3 M27.1 M
Significantly Up
Increasing
Slightly volatile
Debt Current12.3 K12 K
Fairly Up
Decreasing
Slightly volatile
Total Debt22.7 M27.1 M
Fairly Down
Increasing
Slightly volatile
Assets Non Current42.7 M45.5 M
Notably Down
Increasing
Slightly volatile
Current Assets33.8 M31.3 M
Significantly Up
Increasing
Slightly volatile
Total Assets82.9 M76.8 M
Significantly Up
Increasing
Slightly volatile

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

About LiveOne 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.

Operating Expenses

49.95 Million

LiveOne Operating Expenses is quite stable at the moment as compared to the past year. The company's current value of Operating Expenses is estimated at 49.95 Million

LiveOne 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 LiveOne. 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.
201720182019202020212022 (projected)
Revenues7.2 M33.7 M38.66 M65.23 M117.02 M126.26 M
Total Assets68.03 M58.9 M54.12 M85.77 M76.82 M82.89 M
Current Assets18.72 M19.56 M17.72 M35.27 M31.31 M33.78 M
Assets Non Current49.31 M39.34 M36.39 M50.5 M45.52 M42.67 M
Total Liabilities29.63 M49.44 M61.25 M77.63 M87.74 M94.67 M
Current Liabilities25.68 M34.2 M47.79 M50.96 M60.12 M64.86 M
Total Debt8.71 M17.45 M16.39 M24.88 M27.12 M22.7 M
Debt Current4.76 M2.42 M3.05 M4.71 M12 K12.32 K
Debt Non Current3.95 M15.03 M13.34 M20.18 M27.11 M29.25 M
Operating Income(14.88 M)(33.89 M)(35.99 M)(29.37 M)(37.85 M)(40.84 M)

About LiveOne Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze LiveOne's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of LiveOne using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of LiveOne 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.
LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcastingvodcasting, and music-related streaming and video content. LiveOne, Inc. was incorporated in 2009 and is headquartered in Beverly Hills, California. Liveone operates under Entertainment classification in the United States and is traded on NASDAQ Exchange. It employs 184 people.

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Additionally, see LiveOne Piotroski F Score and LiveOne Altman Z Score analysis. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running LiveOne price analysis, check to measure LiveOne'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 LiveOne is operating at the current time. Most of LiveOne's value examination focuses on studying past and present price action to predict the probability of LiveOne's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move LiveOne's price. Additionally, you may evaluate how the addition of LiveOne to your portfolios can decrease your overall portfolio volatility.
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Is LiveOne's industry 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 LiveOne. If investors know LiveOne 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 LiveOne listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
59.5 M
Quarterly Revenue Growth YOY
0.073
Return On Assets
(0.14) 
Return On Equity
(8.02) 
The market value of LiveOne is measured differently than its book value, which is the value of LiveOne that is recorded on the company's balance sheet. Investors also form their own opinion of LiveOne's value that differs from its market value or its book value, called intrinsic value, which is LiveOne'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 LiveOne's market value can be influenced by many factors that don't directly affect LiveOne'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 LiveOne's value and its price as these two are different measures arrived at by different means. Investors typically determine LiveOne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LiveOne'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.