Doubleverify Beneish M Score

DV
 Stock
  

USD 24.49  1.17  5.02%   

This module uses fundamental data of Doubleverify Holdings to approximate the value of its Beneish M Score. Doubleverify Holdings 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 Doubleverify Holdings Piotroski F Score and Doubleverify Holdings Altman Z Score analysis.
  
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Doubleverify Holdings Total Debt is fairly stable at the moment as compared to the past year. Doubleverify Holdings reported Total Debt of 4.55 Million in 2021. Debt Current is likely to climb to about 2.1 M in 2022, whereas Issuance Repayment of Debt Securities is likely to drop (24.5 M) in 2022. Doubleverify Holdings Free Cash Flow per Share is fairly stable at the moment as compared to the past year. Doubleverify Holdings reported Free Cash Flow per Share of 0.49 in 2021. Gross Margin is likely to climb to 0.92 in 2022, whereas Operating Margin is likely to drop (1.23)  in 2022.
At this time, it appears that Doubleverify Holdings is an unlikely manipulator. The earnings manipulation may begin if Doubleverify Holdings' 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 Doubleverify Holdings 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 Doubleverify Holdings' 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.
-3.22
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.08Focus
Asset QualityN/AFocus
Expense Coverage0.96Focus
Gross Margin Strengs1.1Focus
Accruals Factor0.96Focus
Depreciation Resistance1.03Focus
Net Sales Growth0.9Focus
Financial Leverage Condition1.11Focus

Doubleverify Holdings 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 Doubleverify Holdings' 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
Revenues300.1 M332.7 M
Moderately Down
Increasing
Slightly volatile
Selling General and Administrative Expense138.1 M158.7 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations89.3 M82.7 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion29.7 M30.3 M
Fairly Down
Increasing
Slightly volatile
Total Assets830.4 M892.2 M
Significantly Down
Increasing
Slightly volatile
Property Plant and Equipment Net18.7 M17.6 M
Notably Up
Increasing
Slightly volatile
Trade and Non Trade Receivables120 M122.9 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities96.2 M93.1 M
Sufficiently Up
Decreasing
Slightly volatile
Current Assets308.4 M367.8 M
Fairly Down
Increasing
Slightly volatile
Assets Non Current522 M524.4 M
Slightly Down
Increasing
Slightly volatile
Current Liabilities53.8 M57 M
Notably Down
Increasing
Slightly volatile
Liabilities Non Current48.9 M36.1 M
Significantly Up
Decreasing
Slightly volatile
Total Debt4.7 M4.5 M
Fairly Up
Decreasing
Slightly volatile
Debt Current2.1 MM
Sufficiently Up
Increasing
Stable
Debt Non Current2.6 M2.6 M
Fairly Up
Decreasing
Slightly volatile
Operating Income27.4 M26.7 M
Fairly Up
Increasing
Slightly volatile
Gross Margin0.920.837
Significantly Up
Increasing
Slightly volatile

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

About Doubleverify Holdings 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.

Cost of Revenue

47.95 Million

Share
Doubleverify Holdings Cost of Revenue is fairly stable at the moment as compared to the past year. Doubleverify Holdings reported Cost of Revenue of 54.38 Million in 2021

About Doubleverify Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Doubleverify Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Doubleverify Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Doubleverify 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.
DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analytics in the United States and internationally. The company was founded in 2008 and is headquartered in New York, New York. Doubleverify Holdings operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 800 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Doubleverify Holdings without increasing your portfolio risk or giving up 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 Doubleverify Holdings

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

Doubleverify Holdings Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Doubleverify Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doubleverify Holdings 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 Doubleverify Holdings - 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 Doubleverify Holdings to buy it.
The correlation of Doubleverify Holdings 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 Doubleverify Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubleverify Holdings 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 Doubleverify Holdings 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 Doubleverify Holdings Piotroski F Score and Doubleverify Holdings Altman Z Score analysis. Note that the Doubleverify Holdings information on this page should be used as a complementary analysis to other Doubleverify Holdings' 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 Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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