Ipower Beneish M Score

IPW -  USA Etf  

USD 3.48  0.56  19.18%

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

Ipower Beneish M Score 

 
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Ipower Total Debt is fairly stable at the moment as compared to the past year. Ipower reported Total Debt of 2.68 Million in 2020. Debt Current is likely to climb to about 1.8 M in 2021, whereas Debt Non Current is likely to drop slightly above 1.1 M in 2021.
At this time, Ipower's M Score is inapplicable. The earnings manipulation may begin if Ipower'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 Ipower 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 Ipower'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.
-0.51
Beneish M Score - Inapplicable
Elasticity of Receivables
1.01
Asset Quality
N/A
Expense Coverage
0.96
Gross Margin Strengs
1.04
Accruals Factor
0.96
Depreciation Resistance
0.84
Net Sales Growth
0.94
Financial Leverage Condition
1.25

Ipower 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 Ipower'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
Revenues51 M54.1 M
Notably Down
Increasing
Slightly volatile
Selling General and Administrative Expense18 M19.9 M
Moderately Down
Increasing
Slightly volatile
Net Cash Flow from Operations(13.1 M)(12.8 M)
Fairly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion84.3 K84.7 K
Slightly Down
Decreasing
Slightly volatile
Total Assets29.9 M35.6 M
Fairly Down
Increasing
Slightly volatile
Property Plant and Equipment Net1.5 M1.9 M
Significantly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables7.6 M7.9 M
Sufficiently Down
Increasing
Slightly volatile
Total Liabilities11.3 M10.7 M
Notably Up
Increasing
Slightly volatile
Current Assets27.3 M32.3 M
Fairly Down
Increasing
Slightly volatile
Assets Non Current3.6 M3.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities9.9 MM
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current1.3 M1.6 M
Significantly Down
Increasing
Slightly volatile
Total Debt2.7 M2.7 M
Fairly Up
Increasing
Slightly volatile
Debt Current1.8 M1.5 M
Fairly Up
Increasing
Slightly volatile
Debt Non Current1.1 M1.3 M
Fairly Down
Increasing
Slightly volatile
Operating Income2.9 MM
Sufficiently Down
Increasing
Slightly volatile
Gross Margin0.440.422
Sufficiently Up
Increasing
Slightly volatile

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

About Ipower 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.

Operating Expenses

18 MillionShare
Ipower Operating Expenses is fairly stable at the moment as compared to the past year. Ipower reported Operating Expenses of 19.86 Million in 2020

About Ipower Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ipower Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ipower using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ipower Inc based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
iPower Inc. supplies hydroponics equipment online in the United States. Ipower is listed under Internet Retail in the United States and is traded on NASDAQ Exchange exchange.

Ipower Investors Sentiment

The influence of Ipower'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 Ipower. 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.
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 Ipower 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, Ipower's short interest history, or implied volatility extrapolated from Ipower options trading.

Current Sentiment - IPW

Ipower Inc Investor Sentiment

Greater number of Macroaxis users are currently bullish on Ipower Inc. What is your judgment towards investing in Ipower Inc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see Ipower Piotroski F Score and Ipower Altman Z Score analysis. Note that the Ipower Inc information on this page should be used as a complementary analysis to other Ipower'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 Anywhere module to track or share privately all of your investments from the convenience of any device.

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