Definitive Beneish M Score

DH
 Stock
  

USD 12.36  0.03  0.24%   

This module uses fundamental data of Definitive Healthcare to approximate the value of its Beneish M Score. Definitive Healthcare 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 Definitive Healthcare Piotroski F Score and Definitive Healthcare Altman Z Score analysis.
  
Definitive Healthcare Debt Non Current is most likely to decrease significantly in the upcoming years. The last year's value of Debt Non Current was reported at 263.81 Million. The current Debt to Equity Ratio is estimated to increase to 0.71, while Issuance Repayment of Debt Securities is projected to decrease to (208.3 M).
At this time, it appears that Definitive Healthcare is an unlikely manipulator. The earnings manipulation may begin if Definitive Healthcare'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 Definitive Healthcare 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 Definitive Healthcare'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 Receivables1.01Focus
Asset Quality1.05Focus
Expense Coverage0.95Focus
Gross Margin Strengs1.1Focus
Accruals Factor0.95Focus
Depreciation Resistance0.99Focus
Net Sales Growth1.02Focus
Financial Leverage Condition1.03Focus

Definitive Healthcare 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 Definitive Healthcare'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 Expense84.6 M86.9 M
Fairly Down
Increasing
Slightly volatile
Revenues169.8 M166.2 M
Fairly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables44.9 M43.3 M
Sufficiently Up
Increasing
Slightly volatile
Property Plant and Equipment Net5.1 M5.1 M
Slightly Up
Increasing
Slightly volatile
Net Cash Flow from Operations27.3 M25.2 M
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current537.2 M494.9 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities121.8 M117.8 M
Sufficiently Up
Increasing
Slightly volatile
Total Liabilities659 M612.7 M
Significantly Up
Increasing
Slightly volatile
Investments Non Current29.2 M29.4 M
Slightly Down
Decreasing
Slightly volatile
Investments29.2 M29.4 M
Slightly Down
Decreasing
Slightly volatile
Gross Margin0.830.755
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion66.2 M59.9 M
Significantly Up
Increasing
Slightly volatile
Debt Non Current290.6 M263.8 M
Significantly Up
Decreasing
Slightly volatile
Debt CurrentM6.9 M
Fairly Up
Increasing
Slightly volatile
Total Debt296.7 M270.7 M
Significantly Up
Decreasing
Slightly volatile
Assets Non Current1.6 B1.7 B
Notably Down
Decreasing
Slightly volatile
Current Assets380.9 M444.2 M
Fairly Down
Increasing
Slightly volatile
Total Assets2.2 B2.1 B
Notably Up
Increasing
Slightly volatile

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

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About Definitive Healthcare Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Definitive Healthcare Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Definitive Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Definitive Healthcare 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.
Definitive Healthcare Corp., together with its subsidiaries, provides healthcare commercial intelligence in the United States. Definitive Healthcare Corp. was founded in 2011 and is headquartered in Framingham, Massachusetts. Definitive Healthcare operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. It employs 676 people.

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Our tools can tell you how much better you can do entering a position in Definitive Healthcare 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 Definitive Healthcare

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

Moving together with Definitive Healthcare

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Moving against Definitive Healthcare

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The ability to find closely correlated positions to Definitive Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Definitive Healthcare 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 Definitive Healthcare - 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 Definitive Healthcare Corp to buy it.
The correlation of Definitive Healthcare 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 Definitive Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Definitive Healthcare 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 Definitive Healthcare 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 Definitive Healthcare Piotroski F Score and Definitive Healthcare Altman Z Score analysis. Note that the Definitive Healthcare information on this page should be used as a complementary analysis to other Definitive Healthcare'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 Bond Directory module to find actively traded corporate debentures issued by US companies.

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When running Definitive Healthcare price analysis, check to measure Definitive Healthcare'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 Definitive Healthcare is operating at the current time. Most of Definitive Healthcare's value examination focuses on studying past and present price action to predict the probability of Definitive Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Definitive Healthcare's price. Additionally, you may evaluate how the addition of Definitive Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Definitive Healthcare'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 Definitive Healthcare. If investors know Definitive 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 Definitive Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
0.332
Return On Assets
(0.0108) 
Return On Equity
(0.0317) 
The market value of Definitive Healthcare is measured differently than its book value, which is the value of Definitive that is recorded on the company's balance sheet. Investors also form their own opinion of Definitive Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Definitive Healthcare'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 Definitive Healthcare's market value can be influenced by many factors that don't directly affect Definitive Healthcare'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 Definitive Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine Definitive Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Definitive Healthcare'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.