Pool Corp Beneish M Score

POOL
 Stock
  

USD 351.92  0.69  0.20%   

This module uses fundamental data of Pool Corp to approximate the value of its Beneish M Score. Pool Corp 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 Pool Corp Piotroski F Score and Pool Corp Altman Z Score analysis.
  
Refresh
Total Debt is expected to hike to about 425.4 M this year. Debt Current is expected to hike to about 1.3 M this year. Pool Corp Receivables Turnover is relatively stable at the moment as compared to the past year. The company's current value of Receivables Turnover is estimated at 17.67. Accrued Expenses Turnover is expected to hike to 32.93 this year, although the value of Accounts Payable Turnover will most likely fall to 13.22.
At this time, it appears that Pool Corp is a possible manipulator. The earnings manipulation may begin if Pool Corp'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 Pool Corp 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 Pool Corp'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.
-1.82
Beneish M Score - Possible Manipulator
Elasticity of Receivables0.79Focus
Asset Quality1.0Focus
Expense Coverage0.8Focus
Gross Margin Strengs0.93Focus
Accruals Factor0.8Focus
Depreciation Resistance1.28Focus
Net Sales Growth1.08Focus
Financial Leverage Condition1.0Focus

Pool Corp 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 Pool Corp'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
Revenues5.7 B5.3 B
Significantly Up
Increasing
Slightly volatile
Selling General and Administrative Expense379.1 M436.7 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations338.2 M313.5 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion15.7 M19.8 M
Significantly Down
Increasing
Slightly volatile
Total Assets3.5 B3.2 B
Significantly Up
Increasing
Slightly volatile
Investments1.4 M1.3 M
Fairly Up
Decreasing
Slightly volatile
Investments Non Current1.4 M1.3 M
Fairly Up
Decreasing
Slightly volatile
Property Plant and Equipment Net80.9 M75 M
Significantly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables128 M149.5 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities2.3 B2.2 B
Significantly Up
Increasing
Slightly volatile
Current Assets1.9 B1.8 B
Significantly Up
Increasing
Slightly volatile
Assets Non Current236.8 M268.7 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities803.2 M744.4 M
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current476.2 M441.3 M
Significantly Up
Increasing
Slightly volatile
Total Debt425.4 M394.2 M
Significantly Up
Increasing
Slightly volatile
Debt Current1.3 M1.3 M
Fairly Up
Increasing
Slightly volatile
Debt Non Current424.3 M393.2 M
Significantly Up
Increasing
Slightly volatile
Operating Income898.5 M832.8 M
Significantly Up
Increasing
Slightly volatile
Gross Margin28.330.5366
Significantly Down
Increasing
Very volatile

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

About Pool Corp 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

15.72 Million

Share
Pool Corp Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. The company's current value of Depreciation Amortization and Accretion is estimated at 15.72 Million

Pool Corp 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 Pool Corp. 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)
Revenues2.79 B3 B3.2 B3.94 B5.3 B5.71 B
Total Assets1.1 B1.24 B1.48 B1.74 B3.23 B3.49 B
Current Assets782.25 M915.24 M973.57 M1.12 B1.77 B1.91 B
Total Liabilities877.92 M1.02 B1.07 B1.1 B2.16 B2.33 B
Current Liabilities321.57 M305.61 M390.85 M483.25 M744.42 M803.19 M
Operating Income284.37 M313.89 M341.25 M464.03 M832.78 M898.53 M
Gross Margin28.8829.0228.9128.7330.5428.3

About Pool Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Pool Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pool Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pool Corp 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.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. Pool Corporation was incorporated in 1993 and is headquartered in Covington, Louisiana. Pool Corp operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 5500 people.

Pool Corp Investors Sentiment

The influence of Pool Corp'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 Pool Corp. 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.

Pool Corp Implied Volatility

    
  13.69  
Pool Corp's implied volatility exposes the market's sentiment of Pool Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Pool Corp'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 Pool Corp stock will not fluctuate a lot when Pool Corp'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 Pool Corp 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, Pool Corp's short interest history, or implied volatility extrapolated from Pool Corp options trading.

Current Sentiment - POOL

Pool Corp Investor Sentiment

Most of Macroaxis users are at this time bullish on Pool Corp. What is your perspective on investing in Pool Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Currently Active Assets on Macroaxis

Please check Pool Corp Piotroski F Score and Pool Corp Altman Z Score analysis. Note that the Pool Corp information on this page should be used as a complementary analysis to other Pool Corp'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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Pool Corp Stock analysis

When running Pool Corp price analysis, check to measure Pool Corp'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 Pool Corp is operating at the current time. Most of Pool Corp's value examination focuses on studying past and present price action to predict the probability of Pool Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Pool Corp's price. Additionally, you may evaluate how the addition of Pool Corp to your portfolios can decrease your overall portfolio volatility.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Is Pool Corp'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 Pool Corp. If investors know Pool Corp 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 Pool Corp 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
0.82
Market Capitalization
14.1 B
Quarterly Revenue Growth YOY
0.33
Return On Assets
0.19
Return On Equity
0.8
The market value of Pool Corp is measured differently than its book value, which is the value of Pool Corp that is recorded on the company's balance sheet. Investors also form their own opinion of Pool Corp's value that differs from its market value or its book value, called intrinsic value, which is Pool Corp'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 Pool Corp's market value can be influenced by many factors that don't directly affect Pool Corp'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 Pool Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Pool Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pool Corp'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.