Bellring Beneish M Score

BRBR
 Stock
  

USD 24.78  0.42  1.67%   

This module uses fundamental data of Bellring Brands to approximate the value of its Beneish M Score. Bellring Brands 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 Bellring Brands Piotroski F Score and Bellring Brands Altman Z Score analysis.
  
Bellring Brands Total Debt is relatively stable at the moment as compared to the past year. Bellring Brands reported last year Total Debt of 537.75 Million. As of 12/09/2022, Debt Non Current is likely to grow to about 460.3 M, while Debt Current is likely to drop slightly above 122.5 M. Bellring Brands Return on Invested Capital is relatively stable at the moment as compared to the past year. Bellring Brands reported last year Return on Invested Capital of 0.10. As of 12/09/2022, Return on Sales is likely to grow to 0.07, while Receivables Turnover is likely to drop 11.41.
At this time, it appears that Bellring Brands LLC is an unlikely manipulator. The earnings manipulation may begin if Bellring Brands' 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 Bellring Brands 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 Bellring Brands' 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.
-3.69
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.08Focus
Asset QualityN/AFocus
Expense Coverage1.11Focus
Gross Margin Strengs1.03Focus
Accruals Factor1.11Focus
Depreciation Resistance1.04Focus
Net Sales Growth0.85Focus
Financial Leverage Condition1.14Focus

Bellring Brands 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 Bellring Brands' 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 Expense181.4 M192.2 M
Notably Down
Increasing
Slightly volatile
Revenues956 M1.1 B
Fairly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables109.9 M119.5 M
Significantly Down
Increasing
Slightly volatile
Property Plant and Equipment Net8.6 MM
Significantly Up
Decreasing
Stable
Operating Income129.9 M151.2 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations219.6 M203.5 M
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current633.7 M587.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities244 M226.2 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities3.7 B3.4 B
Significantly Up
Increasing
Slightly volatile
Gross Margin28.7627.87
Sufficiently Up
Decreasing
Very volatile
Depreciation Amortization and Accretion49.9 M61.8 M
Significantly Down
Increasing
Slightly volatile
Debt Non Current460.3 M433.1 M
Notably Up
Decreasing
Slightly volatile
Debt Current122.5 M133.7 M
Significantly Down
Increasing
Slightly volatile
Total Debt553.3 M537.8 M
Fairly Up
Decreasing
Slightly volatile
Assets Non Current302.8 M277.6 M
Significantly Up
Decreasing
Slightly volatile
Current Assets287.2 M349.3 M
Significantly Down
Increasing
Slightly volatile
Total Assets590 M626.9 M
Notably Down
Increasing
Slightly volatile

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

About Bellring Brands 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

49.92 Million

Bellring Brands Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. Bellring Brands reported last year Depreciation Amortization and Accretion of 61.76 Million

Bellring Brands 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 Bellring Brands. 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)
Trade and Non Trade Receivables87.2 M68.4 M83.1 M103.9 M119.48 M109.85 M
Revenues827.5 M854.4 M988.3 M1.25 B1.12 B956.01 M
Total Assets560.4 M594.5 M653.5 M696.5 M626.85 M589.97 M
Current Assets163.7 M219.5 M290.2 M388.1 M349.29 M287.19 M
Assets Non Current396.7 M375 M363.3 M308.4 M277.56 M302.78 M
Property Plant and Equipment Net11.9 M11.7 M10.2 M8.9 M8.01 M8.65 M
Selling General and Administrative Expense135.1 M127.1 M151.8 M167.1 M192.16 M181.41 M
Total Liabilities108.7 M108.1 M2.84 B3.76 B3.38 B3.65 B
Current Liabilities94.3 M92.7 M153.1 M251.3 M226.17 M244.03 M
Liabilities Non Current14.4 M15.4 M661.4 M510.7 M587.3 M633.67 M
Operating Income119.8 M162.5 M164 M168 M151.2 M129.85 M
Net Cash Flow from Operations141.2 M98.3 M97.2 M226.1 M203.49 M219.56 M
Gross Margin33.5636.4934.230.9727.8728.76

About Bellring Brands Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Bellring Brands LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bellring Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bellring Brands LLC 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.
BellRing Brands, Inc., together with its subsidiaries, provides various nutrition products in the United States and internationally. BellRing Brands, Inc. was incorporated in 2019 and is headquartered in Saint Louis, Missouri. BellRing Brands operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 355 people.

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Our tools can tell you how much better you can do entering a position in Bellring Brands without increasing your portfolio risk or giving up the 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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Pair Trading with Bellring Brands

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

Moving together with Bellring Brands

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The ability to find closely correlated positions to Bellring Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bellring Brands 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 Bellring Brands - 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 Bellring Brands LLC to buy it.
The correlation of Bellring Brands 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 Bellring Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bellring Brands LLC 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 Bellring Brands 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 Bellring Brands Piotroski F Score and Bellring Brands Altman Z Score analysis. Note that the Bellring Brands LLC information on this page should be used as a complementary analysis to other Bellring Brands' 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Bellring Brands LLC price analysis, check to measure Bellring Brands' 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 Bellring Brands is operating at the current time. Most of Bellring Brands' value examination focuses on studying past and present price action to predict the probability of Bellring Brands' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bellring Brands' price. Additionally, you may evaluate how the addition of Bellring Brands to your portfolios can decrease your overall portfolio volatility.
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Is Bellring Brands' 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 Bellring Brands. If investors know Bellring 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 Bellring Brands 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
0.011
Market Capitalization
3.4 B
Quarterly Revenue Growth YOY
0.115
Return On Assets
0.2021
Return On Equity
0.6152
The market value of Bellring Brands LLC is measured differently than its book value, which is the value of Bellring that is recorded on the company's balance sheet. Investors also form their own opinion of Bellring Brands' value that differs from its market value or its book value, called intrinsic value, which is Bellring Brands' 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 Bellring Brands' market value can be influenced by many factors that don't directly affect Bellring Brands' 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 Bellring Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine Bellring Brands value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bellring Brands' 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.