Canada Beneish M Score

GOOS
 Stock
  

USD 21.45  1.40  6.98%   

This module uses fundamental data of Canada Goose to approximate the value of its Beneish M Score. Canada Goose 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 Canada Goose Piotroski F Score and Canada Goose Altman Z Score analysis.
  
As of 08/08/2022, Total Debt is likely to drop to about 403.1 M. In addition to that, Debt Current is likely to drop to about 33.4 M.
At this time, it appears that Canada Goose Holdings is a possible manipulator. The earnings manipulation may begin if Canada Goose'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 Canada Goose 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 Canada Goose'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.
-2.14
Beneish M Score - Possible Manipulator
Elasticity of Receivables0.31Focus
Asset QualityN/AFocus
Expense Coverage0.63Focus
Gross Margin Strengs1.0Focus
Accruals Factor0.63Focus
Depreciation Resistance1.01Focus
Net Sales Growth2.49Focus
Financial Leverage Condition0.85Focus

Canada Goose 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 Canada Goose'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
Revenues554.5 M223.1 M
Way Up
Increasing
Slightly volatile
Selling General and Administrative Expense239.6 M153.2 M
Way Up
Increasing
Slightly volatile
Net Cash Flow from Operations118.4 M151.6 M
Significantly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion62.4 M95.8 M
Way Down
Decreasing
Slightly volatile
Total Assets1.1 B1.3 B
Significantly Down
Decreasing
Slightly volatile
Property Plant and Equipment Net217.7 M329.4 M
Way Down
Decreasing
Slightly volatile
Trade and Non Trade Receivables33.2 M42.7 M
Significantly Down
Decreasing
Slightly volatile
Total Liabilities652.1 M912.7 M
Way Down
Decreasing
Slightly volatile
Current Assets618.7 M762.3 M
Significantly Down
Decreasing
Slightly volatile
Assets Non Current468.7 M578.3 M
Significantly Down
Decreasing
Slightly volatile
Current Liabilities220.1 M281.5 M
Significantly Down
Decreasing
Slightly volatile
Liabilities Non Current432.1 M631.2 M
Way Down
Decreasing
Slightly volatile
Total Debt403.1 M620.7 M
Way Down
Decreasing
Slightly volatile
Debt Current33.4 M62.3 M
Way Down
Decreasing
Slightly volatile
Debt Non Current370.3 M558.4 M
Way Down
Decreasing
Slightly volatile
Operating Income104 M900 K
Way Up
Increasing
Slightly volatile
Gross Margin0.690.691
Slightly Down
Decreasing
Slightly volatile

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

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Fundamental Analysis

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About Canada Goose Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Canada Goose Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canada Goose using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canada Goose 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.
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company was founded in 1957 and is headquartered in Toronto, Canada. Canada Goose operates under Apparel Manufacturing classification in the United States and is traded on New York Stock Exchange. It employs 4353 people.

Canada Goose Investors Sentiment

The influence of Canada Goose'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 Canada. 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 Canada Goose's public news can be used to forecast risks associated with investment in Canada. The trend in average sentiment can be used to explain how an investor holding Canada can time the market purely based on public headlines and social activities around Canada Goose Holdings. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Canada Goose'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 Canada Goose'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 Canada Goose's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Canada Goose.

Canada Goose Implied Volatility

    
  122.25  
Canada Goose's implied volatility exposes the market's sentiment of Canada Goose Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canada Goose's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canada Goose stock will not fluctuate a lot when Canada Goose's options are near their expiration.
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 Canada Goose 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, Canada Goose's short interest history, or implied volatility extrapolated from Canada Goose options trading.

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Please check Canada Goose Piotroski F Score and Canada Goose Altman Z Score analysis. Note that the Canada Goose Holdings information on this page should be used as a complementary analysis to other Canada Goose'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Canada Goose Holdings price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
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Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose 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
0.47
Market Capitalization
2.1 B
Quarterly Revenue Growth YOY
0.068
Return On Assets
0.0729
Return On Equity
0.19
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine Canada Goose value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.