Calyxt Beneish M Score

CLXT
 Stock
  

USD 0.17  0.01  6.25%   

This module uses fundamental data of Calyxt to approximate the value of its Beneish M Score. Calyxt 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 Calyxt Piotroski F Score and Calyxt Altman Z Score analysis.
  
Calyxt Total Debt is comparatively stable at the moment as compared to the past year. Calyxt reported Total Debt of 17.88 Million in 2021. Debt Current is likely to gain to about 389.8 K in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (373.6 K) in 2022. Calyxt Net Current Assets as percentage of Total Assets are comparatively stable at the moment as compared to the past year. Calyxt reported Net Current Assets as percentage of Total Assets of 27.77 in 2021. Asset Turnover is likely to gain to 0.56 in 2022, whereas Cash Flow Per Share is likely to drop (0.52)  in 2022.
At this time, it appears that Calyxt Inc is a possible manipulator. The earnings manipulation may begin if Calyxt'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 Calyxt 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 Calyxt'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.
11.21
Beneish M Score - Possible Manipulator
Elasticity of Receivables1.0Focus
Asset Quality37.35Focus
Expense Coverage0.98Focus
Gross Margin Strengs1.03Focus
Accruals Factor0.98Focus
Depreciation Resistance1.18Focus
Net Sales Growth1.08Focus
Financial Leverage Condition0.78Focus

Calyxt 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 Calyxt'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 Expense16.3 M15.4 M
Notably Up
Increasing
Slightly volatile
Revenues28 M26 M
Significantly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables6.1 M5.6 M
Significantly Up
Increasing
Slightly volatile
Property Plant and Equipment Net21 M21.7 M
Sufficiently Down
Increasing
Slightly volatile
Liabilities Non Current16.7 M18.2 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities4.6 M4.9 M
Notably Down
Increasing
Slightly volatile
Total Liabilities19.4 M23.1 M
Fairly Down
Increasing
Slightly volatile
Investments Non Current101.6 K99 K
Fairly Up
Decreasing
Slightly volatile
Investments Current10.5 M10.5 M
Slightly Down
Decreasing
Slightly volatile
Investments101.6 K99 K
Fairly Up
Increasing
Stable
Gross Margin(10.15)(9.8896)
Fairly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion1.9 M2.3 M
Significantly Down
Increasing
Slightly volatile
Debt Non Current18.9 M17.5 M
Significantly Up
Increasing
Slightly volatile
Debt Current389.8 K370 K
Notably Up
Increasing
Slightly volatile
Total Debt19.2 M17.9 M
Significantly Up
Increasing
Slightly volatile
Assets Non Current21.5 M22 M
Fairly Down
Increasing
Slightly volatile
Current Assets15.6 M15.2 M
Fairly Up
Increasing
Stable
Total Assets45 M37.2 M
Fairly Up
Increasing
Slightly volatile

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

About Calyxt 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

1.89 Million

Calyxt Depreciation Amortization and Accretion is comparatively stable at the moment as compared to the past year. Calyxt reported Depreciation Amortization and Accretion of 2.34 Million in 2021

Calyxt 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 Calyxt. 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)
Revenues508 K236 K7.3 M23.85 M25.99 M28.04 M
Total Assets72.17 M118.79 M88.1 M63.33 M37.19 M44.97 M
Current Assets57.46 M95.52 M63.52 M39.59 M15.18 M15.58 M
Assets Non Current14.71 M23.27 M24.58 M23.74 M22.01 M21.55 M
Total Liabilities14.69 M25.39 M25.59 M26.45 M23.06 M19.38 M
Current Liabilities4.25 M7 M7.2 M6.95 M4.85 M4.61 M
Operating Income(25.79 M)(28.11 M)(39.67 M)(43.83 M)(29.33 M)(31.65 M)

About Calyxt Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Calyxt Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Calyxt using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Calyxt Inc 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.
Calyxt, Inc., a synthetic biology company, engages in delivering plant-based solutions primarily to the agriculture end market in the United States. Calyxt, Inc. was incorporated in 2010 and is headquartered in Roseville, Minnesota. Calyxt operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 55 people.

Calyxt Investors Sentiment

The influence of Calyxt'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 Calyxt. 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 Calyxt's public news can be used to forecast risks associated with investment in Calyxt. The trend in average sentiment can be used to explain how an investor holding Calyxt can time the market purely based on public headlines and social activities around Calyxt Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Calyxt'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 Calyxt'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 Calyxt's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Calyxt.
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 Calyxt 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, Calyxt's short interest history, or implied volatility extrapolated from Calyxt options trading.

Pair Trading with Calyxt

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

Moving together with Calyxt

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Moving against Calyxt

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The ability to find closely correlated positions to Calyxt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calyxt 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 Calyxt - 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 Calyxt Inc to buy it.
The correlation of Calyxt 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 Calyxt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calyxt Inc 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 Calyxt 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 Calyxt Piotroski F Score and Calyxt Altman Z Score analysis. 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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Is Calyxt'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 Calyxt. If investors know Calyxt 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 Calyxt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
8.1 M
Quarterly Revenue Growth YOY
(0.99) 
Return On Assets
(0.49) 
Return On Equity
(1.71) 
The market value of Calyxt Inc is measured differently than its book value, which is the value of Calyxt that is recorded on the company's balance sheet. Investors also form their own opinion of Calyxt's value that differs from its market value or its book value, called intrinsic value, which is Calyxt'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 Calyxt's market value can be influenced by many factors that don't directly affect Calyxt'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 Calyxt's value and its price as these two are different measures arrived at by different means. Investors typically determine Calyxt value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calyxt'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.