Qualys Beneish M Score

QLYS
 Stock
  

USD 148.03  5.33  3.74%   

This module uses fundamental data of Qualys to approximate the value of its Beneish M Score. Qualys 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 Qualys Piotroski F Score and Qualys Altman Z Score analysis.
  
Qualys Total Debt is relatively stable at the moment as compared to the past year. Qualys reported last year Total Debt of 925,750. As of 08/10/2022, Debt Current is likely to grow to about 1.3 M, while Issuance Repayment of Debt Securities is likely to drop (781.7 K). Qualys Revenue to Assets are relatively stable at the moment as compared to the past year. Qualys reported last year Revenue to Assets of 0.50. As of 08/10/2022, Total Assets Per Share is likely to grow to 22.47, while Accrued Expenses Turnover is likely to drop 12.53.
At this time, it appears that Qualys Inc is an unlikely manipulator. The earnings manipulation may begin if Qualys' 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 Qualys 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 Qualys' 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.
-2.75
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.77Focus
Asset Quality2.12Focus
Expense Coverage0.76Focus
Gross Margin Strengs1.11Focus
Accruals Factor0.76Focus
Depreciation Resistance0.82Focus
Net Sales Growth1.08Focus
Financial Leverage Condition1.0Focus

Qualys 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 Qualys' 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
Revenues443.6 M411.2 M
Significantly Up
Increasing
Slightly volatile
Selling General and Administrative Expense66.6 M81.1 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations216.5 M200.6 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion16.5 M15.3 M
Significantly Up
Increasing
Slightly volatile
Total Assets878.9 M814.6 M
Significantly Up
Increasing
Slightly volatile
Investments146.4 M182.6 M
Significantly Down
Increasing
Slightly volatile
Investments Current152.6 M141.4 M
Significantly Up
Increasing
Slightly volatile
Investments Non Current38.9 M41.2 M
Notably Down
Increasing
Slightly volatile
Property Plant and Equipment Net28.3 M35.5 M
Significantly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables34.9 M42.3 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities407.7 M377.8 M
Significantly Up
Increasing
Slightly volatile
Current Assets589.5 M546.4 M
Significantly Up
Increasing
Slightly volatile
Assets Non Current103.2 M95.7 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities328.3 M304.3 M
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current13.6 M16.4 M
Significantly Down
Increasing
Slightly volatile
Total Debt950.1 K925.8 K
Fairly Up
Decreasing
Slightly volatile
Debt Current1.3 M925.8 K
Significantly Up
Decreasing
Slightly volatile
Debt Non Current1.4 M929.2 K
Way Up
Decreasing
Slightly volatile
Operating Income94.6 M87.7 M
Significantly Up
Increasing
Slightly volatile
Gross Margin86.978.2478
Significantly Up
Decreasing
Very volatile

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

About Qualys 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

16.5 Million

Qualys Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. Qualys reported last year Depreciation Amortization and Accretion of 15.29 Million

Qualys 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 Qualys. 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)
Revenues230.83 M278.89 M321.61 M362.96 M411.17 M443.63 M
Total Assets537.52 M585.68 M675.61 M736.82 M814.56 M878.87 M
Current Assets369.35 M378.96 M395.62 M475.35 M546.4 M589.53 M
Total Liabilities193.98 M227.69 M288.81 M332.34 M377.85 M407.67 M
Current Liabilities165.77 M196.91 M223.47 M255.73 M304.28 M328.3 M
Operating Income37.24 M50.36 M72.25 M96.65 M87.68 M94.61 M
Gross Margin77.6576.2778.3878.1778.2586.9

About Qualys Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Qualys Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Qualys using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Qualys Inc 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.
Qualys, Inc. provides cloud-based information technology , security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management Vulnerability Management, Detection and Response Threat Protection Continuous Monitoring Patch Management Multi-Vector Endpoint Detection and Response Certificate Assessment SaaS Detection and Response Secure Enterprise Mobility Policy Compliance Security Configuration Assessment PCI Compliance File Integrity Monitoring Security Assessment Questionnaire Out of-Band Configuration Assessment Web Application Scanning Web Application Firewall Global Asset Inventory Cybersecurity Asset Management Certificate Inventory Cloud Inventory Cloud Security Assessment and Container Security. Its integrated suite of IT, security, and compliance solutions delivered on its Qualys Cloud Platform enables customers to identify and manage IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend and implement remediation actions, and verify the implementation of such actions. The company also provides asset tagging and management, reporting and dashboards, questionnaires and collaboration, remediation and workflow, big data correlation and analytics engine, and alerts and notifications, which enable integrated workflows, management and real-time analysis, and reporting across IT, security, and compliance solutions. The company offers its solutions through its sales teams, as well as through its network of channel partners, such as security consulting organizations, managed service providers, resellers, and consulting firms. It serves enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qualys without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please see Qualys Piotroski F Score and Qualys Altman Z Score analysis. Note that the Qualys Inc information on this page should be used as a complementary analysis to other Qualys' 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 Bond Directory module to find actively traded corporate debentures issued by US companies.

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Is Qualys' 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 Qualys. If investors know Qualys 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 Qualys 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
109.08
Market Capitalization
5.4 B
Quarterly Revenue Growth YOY
0.17
Return On Assets
0.1
Return On Equity
0.23
The market value of Qualys Inc is measured differently than its book value, which is the value of Qualys that is recorded on the company's balance sheet. Investors also form their own opinion of Qualys' value that differs from its market value or its book value, called intrinsic value, which is Qualys' 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 Qualys' market value can be influenced by many factors that don't directly affect Qualys' 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 Qualys' value and its price as these two are different measures arrived at by different means. Investors typically determine Qualys value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qualys' 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.