APPTECH Beneish M Score

APCX
 Stock
  

USD 0.84  0.14  20.00%   

This module uses fundamental data of APPTECH CORP to approximate the value of its Beneish M Score. APPTECH CORP 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. Please continue to APPTECH CORP Piotroski F Score and APPTECH CORP Altman Z Score analysis.
  
APPTECH CORP Total Debt is fairly stable at the moment as compared to the past year. APPTECH CORP reported Total Debt of 2.09 Million in 2021. Debt Current is likely to rise to about 2.1 M in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (35.3 K) in 2022. APPTECH CORP Asset Turnover is fairly stable at the moment as compared to the past year. APPTECH CORP reported Asset Turnover of 0.047 in 2021. Book Value per Share is likely to rise to 0.004316 in 2022, whereas EBITDA Margin is likely to drop (11.33)  in 2022.
At this time, it appears that APPTECH CORP is an unlikely manipulator. The earnings manipulation may begin if APPTECH CORP'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 APPTECH CORP 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 APPTECH CORP'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.
-46.46
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.0Focus
Asset Quality1.0Focus
Expense Coverage1.06Focus
Gross Margin Strengs0.95Focus
Accruals Factor1.06Focus
Depreciation Resistance0.8Focus
Net Sales Growth1.01Focus
Financial Leverage Condition1.03Focus

APPTECH CORP 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 APPTECH CORP'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
Revenues358.9 K353.8 K
Fairly Up
Increasing
Slightly volatile
Selling General and Administrative Expense9.1 M8.4 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion71.6358.5
Fairly Up
Decreasing
Slightly volatile
Total Assets8.2 M7.6 M
Significantly Up
Increasing
Slightly volatile
Investments26.3 K26 K
Fairly Up
Increasing
Slightly volatile
Investments Non Current26.3 K26 K
Fairly Up
Increasing
Slightly volatile
Property Plant and Equipment Net184.2 K189 K
Fairly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables40.5 K40 K
Fairly Up
Increasing
Slightly volatile
Total Liabilities8.4 M7.5 M
Moderately Up
Increasing
Slightly volatile
Current Assets671.1 K622 K
Significantly Up
Increasing
Slightly volatile
Assets Non Current7.5 M6.9 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities8.2 M7.3 M
Moderately Up
Increasing
Slightly volatile
Liabilities Non Current267.1 K230 K
Fairly Up
Increasing
Slightly volatile
Total Debt2.3 M2.1 M
Significantly Up
Decreasing
Slightly volatile
Debt Current2.1 M1.9 M
Moderately Up
Decreasing
Slightly volatile
Debt Non Current230.9 K230 K
Slightly Up
Decreasing
Slightly volatile
Gross Margin0.550.578
Notably Down
Decreasing
Very volatile

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

About APPTECH CORP 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 Amortization and Accretion

71.63

APPTECH CORP Depreciation Amortization and Accretion is fairly stable at the moment as compared to the past year. APPTECH CORP reported Depreciation Amortization and Accretion of 58.50 in 2021

About APPTECH CORP Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze APPTECH CORP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of APPTECH CORP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of APPTECH CORP 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.
AppTech Payments Corp., a financial technology company, provides electronic payment processing technologies and merchant services in the United States. AppTech Payments Corp. was incorporated in 1998 and is headquartered in Carlsbad, California. APPTECH CORP operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 18 people.

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Our tools can tell you how much better you can do entering a position in APPTECH CORP without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please continue to APPTECH CORP Piotroski F Score and APPTECH CORP Altman Z Score analysis. Note that the APPTECH CORP information on this page should be used as a complementary analysis to other APPTECH CORP's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Is APPTECH CORP'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 APPTECH CORP. If investors know APPTECH 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 APPTECH CORP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
13.9 M
Quarterly Revenue Growth YOY
-0.18
Return On Assets
-0.64
Return On Equity
-2.76
The market value of APPTECH CORP is measured differently than its book value, which is the value of APPTECH that is recorded on the company's balance sheet. Investors also form their own opinion of APPTECH CORP's value that differs from its market value or its book value, called intrinsic value, which is APPTECH CORP'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 APPTECH CORP's market value can be influenced by many factors that don't directly affect APPTECH CORP'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 APPTECH CORP's value and its price as these two are different measures arrived at by different means. Investors typically determine APPTECH CORP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, APPTECH CORP'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.