Liveramp Beneish M Score

RAMP
 Stock
  

USD 22.98  0.78  3.51%   

This module uses fundamental data of Liveramp Holdings to approximate the value of its Beneish M Score. Liveramp Holdings 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. Additionally, take a look at Liveramp Holdings Piotroski F Score and Liveramp Holdings Altman Z Score analysis.
  
As of 11th of August 2022, Long Term Debt to Equity is likely to grow to 0.43. Also, Debt to Equity Ratio is likely to grow to 0.46. Liveramp Holdings Cash and Equivalents Turnover is very stable at the moment as compared to the past year. Liveramp Holdings reported last year Cash and Equivalents Turnover of 0.90. As of 11th of August 2022, Cash Flow Per Share is likely to grow to 1.41, while Return on Investment is likely to drop (6.28) .
At this time, it appears that Liveramp Holdings is an unlikely manipulator. The earnings manipulation may begin if Liveramp Holdings' 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 Liveramp Holdings 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 Liveramp Holdings' 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.
-3.64
Beneish M Score - Unlikely Manipulator
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense CoverageN/AFocus
Gross Margin Strengs1.08Focus
Accruals FactorN/AFocus
Depreciation ResistanceN/AFocus
Net Sales Growth1.44Focus
Financial Leverage ConditionN/AFocus

Liveramp Holdings 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 Liveramp Holdings' 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
Revenues763.3 M528.7 M
Way Up
Decreasing
Slightly volatile
Net Cash Flow from Operations104.5 M78.1 M
Significantly Up
Decreasing
Slightly volatile
Total Assets1.2 B1.3 B
Significantly Down
Increasing
Stable
Total Liabilities418.3 M270.7 M
Way Up
Decreasing
Slightly volatile
Current Assets680.9 M815.8 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities217.9 M184.6 M
Fairly Up
Decreasing
Slightly volatile
Operating Income(67.3 M)(65.5 M)
Fairly Down
Decreasing
Slightly volatile
Gross Margin77.8172.1129
Significantly Up
Increasing
Slightly volatile

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

About Liveramp Holdings 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.

Earnings Before Interest Taxes and Depreciation Amortization EBITDA

(30.46 Million)

Liveramp Holdings Earnings Before Interest Taxes and Depreciation Amortization EBITDA are very stable at the moment as compared to the past year. Liveramp Holdings reported last year Earnings Before Interest Taxes and Depreciation Amortization EBITDA of (29.68 Million)

Liveramp Holdings 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 Liveramp Holdings. 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)
Revenues917.41 M285.62 M380.57 M443.03 M528.66 M763.33 M
Total Assets1.21 B1.47 B1.3 B1.29 B1.33 B1.24 B
Current Assets360.35 M1.19 B896.39 M825.72 M815.83 M680.9 M
Total Liabilities460.16 M142.08 M214.38 M207.64 M270.68 M418.33 M
Current Liabilities178.35 M95.12 M161.38 M165.25 M184.57 M217.88 M
Operating Income10.6 M(198.15 M)(180.92 M)(120.55 M)(65.54 M)(67.26 M)
Net Cash Flow from Operations112.15 M(1.98 M)(28.57 M)(20.56 M)78.08 M104.49 M
Gross Margin49.1657.7359.8867.572.1177.81

About Liveramp Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Liveramp Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Liveramp Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Liveramp Holdings 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.
LiveRamp Holdings, Inc., a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. LiveRamp Holdings, Inc. was incorporated in 2018 and is headquartered in San Francisco, California. Liveramp Holdings operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. It employs 1400 people.

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Additionally, take a look at Liveramp Holdings Piotroski F Score and Liveramp Holdings Altman Z Score analysis. Note that the Liveramp Holdings information on this page should be used as a complementary analysis to other Liveramp Holdings' 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Liveramp Holdings price analysis, check to measure Liveramp Holdings' 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 Liveramp Holdings is operating at the current time. Most of Liveramp Holdings' value examination focuses on studying past and present price action to predict the probability of Liveramp Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Liveramp Holdings' price. Additionally, you may evaluate how the addition of Liveramp Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Liveramp Holdings' 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 Liveramp Holdings. If investors know Liveramp 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 Liveramp Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.5 B
Quarterly Revenue Growth YOY
0.2
Return On Assets
-0.0362
Return On Equity
-0.0752
The market value of Liveramp Holdings is measured differently than its book value, which is the value of Liveramp that is recorded on the company's balance sheet. Investors also form their own opinion of Liveramp Holdings' value that differs from its market value or its book value, called intrinsic value, which is Liveramp Holdings' 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 Liveramp Holdings' market value can be influenced by many factors that don't directly affect Liveramp Holdings' 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 Liveramp Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Liveramp Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Liveramp Holdings' 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.