Blue Apron Beneish M Score

APRN -  USA Stock  

USD 7.90  0.35  4.64%

This module uses fundamental data of Blue Apron to approximate the value of its Beneish M Score. Blue Apron 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 Blue Apron Piotroski F Score and Blue Apron Altman Z Score analysis.

Blue Apron Beneish M Score 

 
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Blue Apron Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 85.95 Million. Debt Non Current is expected to rise to about 84 M this year, although the value of Debt Current will most likely fall to about 3.1 M. Blue Apron Sales per Share is quite stable at the moment as compared to the past year. The company's current value of Sales per Share is estimated at 28.18. Tangible Assets Book Value per Share is expected to rise to 13.17 this year, although the value of EBITDA Margin will most likely fall to (0.0384) .
At this time, it appears that Blue Apron Holdings is an unlikely manipulator. The earnings manipulation may begin if Blue Apron'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 Blue Apron 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 Blue Apron'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.
-3.39
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
0.93
Asset Quality
N/A
Expense Coverage
1.24
Gross Margin Strengs
0.91
Accruals Factor
1.24
Depreciation Resistance
1.2
Net Sales Growth
1.1
Financial Leverage Condition
1.0

Blue Apron 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 Blue Apron'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
Revenues583 M529.7 M
Significantly Up
Increasing
Slightly volatile
Selling General and Administrative Expense78.2 M57.4 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion25.5 M28.2 M
Moderately Down
Increasing
Slightly volatile
Total Assets303.3 M247.6 M
Fairly Up
Increasing
Slightly volatile
Property Plant and Equipment Net161.9 M144 M
Moderately Up
Increasing
Slightly volatile
Trade and Non Trade Receivables107.1 K104.4 K
Fairly Up
Decreasing
Stable
Total Liabilities201.9 M174.1 M
Fairly Up
Increasing
Slightly volatile
Current Assets102.3 M77.5 M
Significantly Up
Decreasing
Slightly volatile
Assets Non Current166.6 M148.7 M
Moderately Up
Increasing
Slightly volatile
Current Liabilities67.8 M67.6 M
Slightly Up
Increasing
Slightly volatile
Liabilities Non Current112.2 M87.7 M
Significantly Up
Increasing
Slightly volatile
Total Debt86 M61.4 M
Significantly Up
Decreasing
Very volatile
Debt Current3.1 M3.1 M
Slightly Down
Decreasing
Slightly volatile
Debt Non Current84 M58.2 M
Way Up
Decreasing
Very volatile
Gross Margin0.40.44
Significantly Down
Increasing
Slightly volatile

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

About Blue Apron 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

25.48 MillionShare
Blue Apron Depreciation Amortization and Accretion is quite stable at the moment as compared to the past year. The company's current value of Depreciation Amortization and Accretion is estimated at 25.48 Million

Blue Apron 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 Blue Apron. 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)
Revenues881.19 M667.6 M454.87 M460.61 M529.7 M583.01 M
Total Assets517.71 M354.9 M266.06 M215.34 M247.64 M303.28 M
Current Assets282.75 M142 M77.75 M86.07 M77.47 M102.27 M
Assets Non Current234.96 M212.9 M188.32 M129.26 M148.65 M166.63 M
Total Liabilities293.86 M235.6 M198.07 M151.36 M174.06 M201.89 M
Current Liabilities90.71 M67.54 M60.46 M75.09 M67.58 M67.78 M
Total Debt195.03 M154.3 M125.15 M68.2 M61.38 M85.95 M
Debt Non Current195.03 M154.3 M125.15 M64.7 M58.23 M84 M
Operating Income(188.76 M)(114.38 M)(52.1 M)(38.56 M)(34.71 M)(37.45 M)
Gross Margin0.330.290.350.390.440.4

About Blue Apron Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Blue Apron Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Blue Apron using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Blue Apron Holdings 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.
Blue Apron Holdings, Inc. operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. Blue Apron Holdings, Inc. was founded in 2012 and is headquartered in New York, New York. Blue Apron operates under Internet Retail classification in the United States and is traded on New York Stock Exchange. It employs 1434 people.

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Pair Trading with Blue Apron

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blue Apron position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blue Apron will appreciate offsetting losses from the drop in the long position's value.

Blue Apron Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Blue Apron and EBay Inc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to Blue Apron Piotroski F Score and Blue Apron Altman Z Score analysis. Note that the Blue Apron Holdings information on this page should be used as a complementary analysis to other Blue Apron'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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