Imedia Beneish M Score

IMBI -  USA Stock  

USD 5.06  0.12  2.43%

This module uses fundamental data of Imedia Brands to approximate the value of its Beneish M Score. Imedia Brands 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 see Imedia Brands Piotroski F Score and Imedia Brands Altman Z Score analysis.

Imedia Beneish M Score 

 
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The current Total Debt is estimated to increase to about 59.6 M. The current Debt Current is estimated to increase to about 2.4 M. Imedia Brands Enterprise Value over EBITDA is most likely to slightly decrease in the upcoming years. The last year's value of Enterprise Value over EBITDA was reported at 37.43. The current Price to Book Value is estimated to increase to 4.51, while Asset Turnover is projected to decrease to 2.61.
At this time, it appears that Imedia Brands is an unlikely manipulator. The earnings manipulation may begin if Imedia Brands' 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 Imedia Brands 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 Imedia Brands' 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.
-3.02
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
0.97
Asset Quality
N/A
Expense Coverage
1.02
Gross Margin Strengs
0.94
Accruals Factor
1.02
Depreciation Resistance
0.82
Net Sales Growth
0.9
Financial Leverage Condition
1.03

Imedia Brands 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 Imedia Brands' 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
Revenues607 M674.6 M
Moderately Down
Decreasing
Slightly volatile
Selling General and Administrative Expense207.9 M226.6 M
Significantly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations(1.3 M)(1.3 M)
Fairly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion12.2 M8.9 M
Significantly Up
Increasing
Stable
Total Assets273.5 M257.7 M
Notably Up
Increasing
Stable
Property Plant and Equipment Net45.9 M42.8 M
Notably Up
Increasing
Slightly volatile
Trade and Non Trade Receivables97.6 M112.3 M
Fairly Down
Decreasing
Slightly volatile
Total Liabilities188 M173.2 M
Significantly Up
Increasing
Slightly volatile
Current Assets183.5 M200.9 M
Significantly Down
Decreasing
Stable
Assets Non Current60.9 M56.7 M
Notably Up
Increasing
Slightly volatile
Current Liabilities126.7 M120 M
Notably Up
Increasing
Slightly volatile
Liabilities Non Current61.4 M53.2 M
Fairly Up
Increasing
Slightly volatile
Total Debt59.6 M52.7 M
Moderately Up
Increasing
Slightly volatile
Debt Current2.4 M1.7 M
Significantly Up
Decreasing
Slightly volatile
Debt Non Current57.7 M51 M
Moderately Up
Increasing
Slightly volatile
Operating Income1.1 MM
Significantly Up
Decreasing
Stable
Gross Margin0.340.363
Notably Down
Decreasing
Stable

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

About Imedia Brands 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

12.2 MillionShare
Imedia Brands Depreciation Amortization and Accretion is most likely to increase significantly in the upcoming years. The last year's value of Depreciation Amortization and Accretion was reported at 8.87 Million

About Imedia Brands Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Imedia Brands's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Imedia Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Imedia Brands 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.
iMedia Brands, Inc. operates as a multiplatform interactive video and digital commerce company in the United States. The company was formerly known as EVINE Live Inc. and changed its name to iMedia Brands, Inc. in July 2019. iMedia Brands, Inc. was incorporated in 1990 and is headquartered in Eden Prairie, Minnesota. Imedia Brands operates under Internet Retail classification in the United States and is traded on NASDAQ Exchange. It employs 645 people.

Imedia Brands Investors Sentiment

The influence of Imedia Brands' 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 Imedia. 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.

Imedia Brands Implied Volatility

    
  9.69  
Imedia Brands' implied volatility exposes the market's sentiment of Imedia Brands stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Imedia Brands' 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 Imedia Brands stock will not fluctuate a lot when Imedia Brands' 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 Imedia Brands 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, Imedia Brands' short interest history, or implied volatility extrapolated from Imedia Brands options trading.

Current Sentiment - IMBI

Imedia Brands Investor Sentiment

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Please see Imedia Brands Piotroski F Score and Imedia Brands Altman Z Score analysis. Note that the Imedia Brands information on this page should be used as a complementary analysis to other Imedia Brands' 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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