Blucora Beneish M Score

BCOR
 Stock
  

USD 22.60  0.54  2.45%   

This module uses fundamental data of Blucora to approximate the value of its Beneish M Score. Blucora 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. Continue to Blucora Piotroski F Score and Blucora Altman Z Score analysis.
  
Blucora Debt Current is relatively stable at the moment as compared to the past year. Blucora reported last year Debt Current of 6.71 Million. As of 08/14/2022, Long Term Debt to Equity is likely to grow to 1.75, while Total Debt is likely to drop slightly above 531.7 M. Blucora Net Current Assets as percentage of Total Assets are relatively stable at the moment as compared to the past year. Blucora reported last year Net Current Assets as percentage of Total Assets of 8.26. As of 08/14/2022, Book Value per Share is likely to grow to 8.17, while Accrued Expenses Turnover is likely to drop 30.43.
At this time, it appears that Blucora is an unlikely manipulator. The earnings manipulation may begin if Blucora'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 Blucora 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 Blucora'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.
-2.5
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.19Focus
Asset Quality1.0Focus
Expense Coverage1.01Focus
Gross Margin Strengs1.05Focus
Accruals Factor1.01Focus
Depreciation Resistance1.1Focus
Net Sales Growth0.81Focus
Financial Leverage Condition0.87Focus

Blucora 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 Blucora'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
Revenues720.2 M885.2 M
Significantly Down
Increasing
Slightly volatile
Selling General and Administrative Expense224.1 M272 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations56.5 M36.8 M
Way Up
Increasing
Stable
Depreciation Amortization and Accretion40.8 M43.4 M
Notably Down
Increasing
Slightly volatile
Total Assets1.1 B1.1 B
Sufficiently Up
Increasing
Slightly volatile
Investments6.6 M6.4 M
Fairly Up
Decreasing
Slightly volatile
Investments Current6.6 M6.4 M
Fairly Up
Decreasing
Slightly volatile
Property Plant and Equipment Net101.5 M94.1 M
Significantly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables45.6 M47 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities661 M730.3 M
Moderately Down
Increasing
Slightly volatile
Current Assets202.9 M200.3 M
Fairly Up
Decreasing
Slightly volatile
Assets Non Current873.2 M871.7 M
Slightly Up
Increasing
Slightly volatile
Current Liabilities100.8 M111.7 M
Moderately Down
Increasing
Very volatile
Liabilities Non Current544.4 M618.6 M
Fairly Down
Increasing
Slightly volatile
Total Debt531.7 M593.1 M
Moderately Down
Increasing
Slightly volatile
Debt Current6.9 M6.7 M
Fairly Up
Decreasing
Stable
Debt Non Current512.9 M586.4 M
Fairly Down
Increasing
Slightly volatile
Operating Income33 M30.6 M
Significantly Up
Decreasing
Stable
Gross Margin0.480.458
Sufficiently Up
Increasing
Very volatile

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

About Blucora 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

40.76 Million

Blucora Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. Blucora reported last year Depreciation Amortization and Accretion of 43.43 Million

Blucora 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 Blucora. 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)
Revenues509.56 M560.46 M717.95 M754.95 M885.2 M720.23 M
Total Assets1 B997.73 M1.14 B1.06 B1.07 B1.11 B
Current Assets99.4 M131.81 M139.14 M200.67 M200.28 M202.87 M
Assets Non Current902.27 M865.91 M998.43 M863.52 M871.66 M873.16 M
Total Liabilities442.25 M365.19 M494.06 M751.9 M730.32 M661.04 M
Current Liabilities51.76 M48.28 M93.53 M101.14 M111.72 M100.84 M
Total Debt338.08 M260.54 M401.9 M593.04 M593.11 M531.67 M
Debt Non Current338.08 M260.49 M387.4 M588.93 M586.4 M512.94 M
Operating Income48.04 M67.68 M9 K(269.12 M)30.62 M33.04 M
Gross Margin0.520.530.50.470.460.48

About Blucora Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Blucora's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Blucora using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Blucora 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.
Blucora, Inc. provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms in the United States. Blucora, Inc. was founded in 1996 and is headquartered in Dallas, Texas. Blucora operates under Asset Management classification in the United States and is traded on NASDAQ Exchange. It employs 1100 people.

Blucora Investors Sentiment

The influence of Blucora's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Blucora. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Blucora's public news can be used to forecast risks associated with investment in Blucora. The trend in average sentiment can be used to explain how an investor holding Blucora can time the market purely based on public headlines and social activities around Blucora. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Blucora's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Blucora's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Blucora's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Blucora.

Blucora Implied Volatility

    
  36.26  
Blucora's implied volatility exposes the market's sentiment of Blucora stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Blucora's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Blucora stock will not fluctuate a lot when Blucora's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blucora in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blucora's short interest history, or implied volatility extrapolated from Blucora options trading.

Pair Trading with Blucora

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 Blucora 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 Blucora will appreciate offsetting losses from the drop in the long position's value.

Moving together with Blucora

0.66BENFranklin Resources Fiscal Year End 7th of November 2022 PairCorr
0.77BLKBlackrock Fiscal Year End 13th of January 2023 PairCorr

Moving against Blucora

0.53BMTXBm Technologies Earnings Call  TomorrowPairCorr
The ability to find closely correlated positions to Blucora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blucora when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blucora - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blucora to buy it.
The correlation of Blucora is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blucora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blucora moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blucora can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Blucora Piotroski F Score and Blucora Altman Z Score analysis. Note that the Blucora information on this page should be used as a complementary analysis to other Blucora'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Blucora price analysis, check to measure Blucora'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 Blucora is operating at the current time. Most of Blucora's value examination focuses on studying past and present price action to predict the probability of Blucora's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Blucora's price. Additionally, you may evaluate how the addition of Blucora to your portfolios can decrease your overall portfolio volatility.
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Is Blucora'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 Blucora. If investors know Blucora 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 Blucora 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 YOY
0.27
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
0.01
Return On Assets
0.0272
Return On Equity
0.0584
The market value of Blucora is measured differently than its book value, which is the value of Blucora that is recorded on the company's balance sheet. Investors also form their own opinion of Blucora's value that differs from its market value or its book value, called intrinsic value, which is Blucora'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 Blucora's market value can be influenced by many factors that don't directly affect Blucora'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 Blucora's value and its price as these two are different measures arrived at by different means. Investors typically determine Blucora value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blucora'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.