1847 Goedeker Beneish M Score

GOED -  USA Stock  

USD 1.49  0.02  1.36%

This module uses fundamental data of 1847 Goedeker to approximate the value of its Beneish M Score. 1847 Goedeker 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. Please check 1847 Goedeker Piotroski F Score and 1847 Goedeker Altman Z Score analysis.
  
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The current year Debt to Equity Ratio is expected to grow to 0.89, whereas Total Debt is forecasted to decline to about 61.2 M.
At this time, it appears that 1847 Goedeker is an unlikely manipulator. The earnings manipulation may begin if 1847 Goedeker'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 1847 Goedeker 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 1847 Goedeker'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.
-2.43
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.0Focus
Asset QualityN/AFocus
Expense Coverage0.78Focus
Gross Margin Strengs1.0Focus
Accruals Factor0.78Focus
Depreciation Resistance1.0Focus
Net Sales Growth1.08Focus
Financial Leverage Condition0.93Focus

1847 Goedeker 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 1847 Goedeker'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
Revenues390.9 M362.3 M
Significantly Up
Increasing
Slightly volatile
Selling General and Administrative Expense22.9 M27.3 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(18.8 M)(18.3 M)
Fairly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion8.8 M8.2 M
Significantly Up
Increasing
Slightly volatile
Total Assets405.7 M376 M
Significantly Up
Increasing
Slightly volatile
Property Plant and Equipment Net20 M18.5 M
Significantly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables26.5 M24.6 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities183.8 M170.4 M
Significantly Up
Increasing
Slightly volatile
Current Assets130.9 M121.3 M
Significantly Up
Increasing
Slightly volatile
Assets Non Current274.8 M254.7 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities83.9 M105.3 M
Significantly Down
Increasing
Slightly volatile
Liabilities Non Current54.2 M65 M
Significantly Down
Increasing
Slightly volatile
Total Debt61.2 M73.2 M
Fairly Down
Increasing
Slightly volatile
Debt Current10.2 M12 M
Fairly Down
Increasing
Slightly volatile
Debt Non Current51 M61.2 M
Fairly Down
Increasing
Slightly volatile
Operating IncomeM8.3 M
Significantly Up
Decreasing
Stable
Gross Margin0.220.22
Steady
Decreasing
Very volatile

1847 Goedeker 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 1847 Goedeker's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards 1847 Goedeker in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find 1847 Goedeker's degree of accounting gimmicks and manipulations.

About 1847 Goedeker 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

8.84 Million

Share
1847 Goedeker Depreciation Amortization and Accretion is projected to increase significantly based on the last few years of reporting. The past year's Depreciation Amortization and Accretion was at 8.2 Million

About 1847 Goedeker Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze 1847 Goedeker's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 1847 Goedeker using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 1847 Goedeker 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.
1847 Goedeker Inc. operates an e-commerce platform for appliances, furniture, and home goods in the United States. In addition, the company provides appliance installation services and old appliance removal services. 1847 Goedeker Inc. was founded in 1951 and is headquartered in Brooklyn, New York. 1847 Goedeker operates under Internet Retail classification in the United States and is traded on NYSEMKT Exchange. It employs 482 people.

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Please check 1847 Goedeker Piotroski F Score and 1847 Goedeker Altman Z Score analysis. Note that the 1847 Goedeker information on this page should be used as a complementary analysis to other 1847 Goedeker'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is 1847 Goedeker'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 1847 Goedeker. If investors know 1847 Goedeker 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 1847 Goedeker 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 1847 Goedeker is measured differently than its book value, which is the value of 1847 Goedeker that is recorded on the company's balance sheet. Investors also form their own opinion of 1847 Goedeker's value that differs from its market value or its book value, called intrinsic value, which is 1847 Goedeker'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 1847 Goedeker's market value can be influenced by many factors that don't directly affect 1847 Goedeker'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 1847 Goedeker's value and its price as these two are different measures arrived at by different means. Investors typically determine 1847 Goedeker value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1847 Goedeker'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.