Gty Technology Beneish M Score

GTYH
 Stock
  

USD 6.24  0.02  0.32%   

This module uses fundamental data of Gty Technology to approximate the value of its Beneish M Score. Gty Technology 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 Gty Technology Piotroski F Score and Gty Technology Altman Z Score analysis.
  
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Gty Technology Debt Current is most likely to increase significantly in the upcoming years. The last year's value of Debt Current was reported at 721,000. The current Debt to Equity Ratio is estimated to increase to 0.49, while Total Debt is projected to decrease to roughly 26.4 M. Gty Technology Price to Book Value is most likely to decrease significantly in the upcoming years. The preceding year's Price to Book Value was reported at 1.45. The current Tangible Assets Book Value per Share is estimated to increase to 0.71, while Book Value per Share is projected to decrease to 4.06.
At this time, it appears that Gty Technology Holdings is an unlikely manipulator. The earnings manipulation may begin if Gty Technology'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 Gty Technology 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 Gty Technology'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.
-3.19
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.0Focus
Asset QualityN/AFocus
Expense Coverage0.8Focus
Gross Margin Strengs1.1Focus
Accruals Factor0.8Focus
Depreciation Resistance1.02Focus
Net Sales Growth1.05Focus
Financial Leverage Condition0.91Focus

Gty Technology 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 Gty Technology'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
Revenues63.2 M60.5 M
Sufficiently Up
Increasing
Slightly volatile
Selling General and Administrative Expense33.1 M39.5 M
Fairly Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion16.4 M17.2 M
Notably Down
Decreasing
Slightly volatile
Total Assets376.6 M394.9 M
Sufficiently Down
Decreasing
Slightly volatile
Property Plant and Equipment Net5.9 M5.8 M
Fairly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables13.2 M12.6 M
Sufficiently Up
Increasing
Slightly volatile
Total Liabilities108.3 M128 M
Fairly Down
Increasing
Slightly volatile
Current Assets25.4 M30.1 M
Fairly Down
Increasing
Slightly volatile
Assets Non Current353.7 M364.8 M
Sufficiently Down
Decreasing
Slightly volatile
Current Liabilities27.7 M33 M
Fairly Down
Increasing
Slightly volatile
Liabilities Non Current80.7 M95 M
Fairly Down
Increasing
Slightly volatile
Total Debt26.4 M28.1 M
Notably Down
Increasing
Slightly volatile
Debt CurrentM721 K
Significantly Up
Increasing
Slightly volatile
Debt Non Current26.4 M27.4 M
Sufficiently Down
Decreasing
Slightly volatile
Gross Margin0.690.63
Significantly Up
Increasing
Slightly volatile

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

About Gty Technology 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.

Total Assets

376.56 Million

Share
Gty Technology Total Assets are most likely to decrease significantly in the upcoming years. The last year's value of Total Assets was reported at 394.94 Million

About Gty Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Gty Technology Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gty Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gty Technology 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.
GTY Technology Holdings Inc. operates as a software-as-a-service company that offers a cloud-based suite of solutions for the public sector in North America. GTY Technology Holdings Inc. was incorporated in 2016 and is headquartered in Boston, Massachusetts. Gty Technology operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 5 people.

Gty Technology Investors Sentiment

The influence of Gty Technology'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 Gty Technology. 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.

Gty Technology Implied Volatility

    
  301.11  
Gty Technology's implied volatility exposes the market's sentiment of Gty Technology Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Gty Technology'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 Gty Technology stock will not fluctuate a lot when Gty Technology'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 Gty Technology 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, Gty Technology's short interest history, or implied volatility extrapolated from Gty Technology options trading.

Current Sentiment - GTYH

Gty Technology Holdings Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Gty Technology Holdings. What is your judgment towards investing in Gty Technology Holdings? Are you bullish or bearish?
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Please check Gty Technology Piotroski F Score and Gty Technology Altman Z Score analysis. Note that the Gty Technology Holdings information on this page should be used as a complementary analysis to other Gty Technology'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Is Gty Technology'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 Gty Technology. If investors know Gty Technology 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 Gty Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
373.1 M
Quarterly Revenue Growth YOY
0.2
Return On Assets
-0.0478
Return On Equity
-0.14
The market value of Gty Technology Holdings is measured differently than its book value, which is the value of Gty Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Gty Technology's value that differs from its market value or its book value, called intrinsic value, which is Gty Technology'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 Gty Technology's market value can be influenced by many factors that don't directly affect Gty Technology'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 Gty Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine Gty Technology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gty Technology'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.