Huntington Beneish M Score

HBAN
 Stock
  

USD 15.30  0.25  1.66%   

This module uses fundamental data of Huntington Bcshs to approximate the value of its Beneish M Score. Huntington Bcshs 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 Huntington Bcshs Piotroski F Score and Huntington Bcshs Altman Z Score analysis.
  
Huntington Bcshs Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 8.76 Billion. Debt to Equity Ratio is expected to rise to 0.46 this year, although the value of Long Term Debt will most likely fall to about 6.2 B. Huntington Bcshs EBITDA Margin is quite stable at the moment as compared to the past year. The company's current value of EBITDA Margin is estimated at 0.35. Enterprise Value over EBIT is expected to rise to 15.68 this year, although the value of PPandE Turnover will most likely fall to 5.76.
At this time, it appears that Huntington Bcshs is an unlikely manipulator. The earnings manipulation may begin if Huntington Bcshs' 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 Huntington Bcshs 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 Huntington Bcshs' 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.
-4.0
Beneish M Score - Unlikely Manipulator
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense Coverage1.05Focus
Gross Margin Strengs0.99Focus
Accruals Factor1.05Focus
Depreciation Resistance0.89Focus
Net Sales Growth0.81Focus
Financial Leverage Condition1.0Focus

Huntington Bcshs 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 Huntington Bcshs' 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 Expense3.7 B4.4 B
Fairly Down
Increasing
Slightly volatile
Revenues4.9 B6.1 B
Significantly Down
Increasing
Slightly volatile
Property Plant and Equipment NetB1.2 B
Moderately Down
Increasing
Slightly volatile
Operating Income1.5 B1.6 B
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations1.7 B2.1 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities167 B154.8 B
Significantly Up
Increasing
Slightly volatile
Investments128.7 B152.5 B
Fairly Down
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion413.3 M391 M
Notably Up
Increasing
Slightly volatile
Total Debt8.8 B7.4 B
Fairly Up
Increasing
Slightly volatile
Total Assets187.8 B174.1 B
Significantly Up
Increasing
Slightly volatile

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

About Huntington Bcshs 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

413.27 Million

Huntington Bcshs Depreciation Amortization and Accretion is quite stable at the moment as compared to the past year. The company's current value of Depreciation Amortization and Accretion is estimated at 413.27 Million

Huntington Bcshs Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Huntington Bcshs. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201720182019202020212022 (projected)
Revenues4.74 B5.27 B5.66 B5.24 B6.08 B4.92 B
Total Assets104.19 B108.78 B109 B123.04 B174.06 B187.81 B
Property Plant and Equipment Net864 M790 M763 M757 M1.16 B1.04 B
Depreciation Amortization and Accretion413 M493 M386 M367 M391 M413.27 M
Selling General and Administrative Expense2.71 B2.65 B2.72 B2.79 B4.38 B3.72 B
Total Liabilities93.37 B97.68 B97.21 B110.05 B154.77 B166.99 B
Total Debt14.26 B10.64 B12.46 B8.54 B7.44 B8.76 B
Operating Income1.39 B1.63 B1.66 B972 M1.59 B1.49 B
Net Cash Flow from Operations1.95 B1.73 B1.57 B1.32 B2.06 B1.65 B
Investments94.56 B97.95 B99.26 B106.89 B152.51 B128.66 B

Huntington Bcshs ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Huntington Bcshs' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Huntington Bcshs' managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Huntington Bcshs Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Huntington Bcshs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Huntington Bcshs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Huntington Bcshs 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.
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio. Huntington Bcshs operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19997 people.

Huntington Bcshs Investors Sentiment

The influence of Huntington Bcshs' 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 Huntington. 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 Huntington Bcshs' public news can be used to forecast risks associated with investment in Huntington. The trend in average sentiment can be used to explain how an investor holding Huntington can time the market purely based on public headlines and social activities around Huntington Bcshs. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Huntington Bcshs' 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 Huntington Bcshs' 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 Huntington Bcshs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Huntington Bcshs.
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 Huntington Bcshs 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, Huntington Bcshs' short interest history, or implied volatility extrapolated from Huntington Bcshs options trading.

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Please check Huntington Bcshs Piotroski F Score and Huntington Bcshs Altman Z Score analysis. Note that the Huntington Bcshs information on this page should be used as a complementary analysis to other Huntington Bcshs' 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Is Huntington Bcshs' 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 Huntington Bcshs. If investors know Huntington 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 Huntington Bcshs 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
0.77
Market Capitalization
21.7 B
Quarterly Revenue Growth YOY
0.023
Return On Assets
0.0113
Return On Equity
0.11
The market value of Huntington Bcshs is measured differently than its book value, which is the value of Huntington that is recorded on the company's balance sheet. Investors also form their own opinion of Huntington Bcshs' value that differs from its market value or its book value, called intrinsic value, which is Huntington Bcshs' 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 Huntington Bcshs' market value can be influenced by many factors that don't directly affect Huntington Bcshs' 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 Huntington Bcshs' value and its price as these two are different measures arrived at by different means. Investors typically determine Huntington Bcshs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntington Bcshs' 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.