Sabre Beneish M Score

SABR
 Stock
  

USD 7.83  0.39  5.24%   

This module uses fundamental data of Sabre Corp to approximate the value of its Beneish M Score. Sabre 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. Additionally, take a look at Sabre Corp Piotroski F Score and Sabre Corp Altman Z Score analysis.
  
Sabre Corp Total Debt is relatively stable at the moment as compared to the past year. Sabre Corp reported last year Total Debt of 3.96 Billion. As of 08/10/2022, Debt Non Current is likely to grow to about 3.9 B, while Long Term Debt to Equity is likely to drop 13.95. Sabre Corp Total Assets Per Share are relatively stable at the moment as compared to the past year. Sabre Corp reported last year Total Assets Per Share of 16.36. As of 08/10/2022, Quick Ratio is likely to grow to 1.90, while Long Term Debt to Equity is likely to drop 13.95.
At this time, it appears that Sabre Corp is an unlikely manipulator. The earnings manipulation may begin if Sabre 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 Sabre 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 Sabre 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.
-2.56
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.68Focus
Asset Quality1.07Focus
Expense Coverage0.64Focus
Gross Margin Strengs0.79Focus
Accruals Factor0.64Focus
Depreciation Resistance1.0Focus
Net Sales Growth1.53Focus
Financial Leverage Condition0.99Focus

Sabre 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 Sabre 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
Revenues2.6 B1.7 B
Way Up
Decreasing
Stable
Selling General and Administrative Expense555.4 M563.5 M
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations(425.6 M)(414.7 M)
Fairly Down
Decreasing
Slightly volatile
Depreciation Amortization and Accretion327.9 M372.6 M
Fairly Down
Increasing
Slightly volatile
Total Assets5.1 B5.3 B
Sufficiently Down
Increasing
Slightly volatile
Investments30.2 M29.4 M
Fairly Up
Decreasing
Slightly volatile
Investments Non Current30.2 M29.4 M
Fairly Up
Decreasing
Slightly volatile
Property Plant and Equipment Net595.7 M678 M
Fairly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables478.1 M460.8 M
Sufficiently Up
Decreasing
Very volatile
Total Liabilities5.2 B5.8 B
Moderately Down
Increasing
Slightly volatile
Current Assets1.2 B1.4 B
Fairly Down
Increasing
Slightly volatile
Assets Non Current4.1 B4.4 B
Notably Down
Increasing
Slightly volatile
Current Liabilities942.2 M716.5 M
Significantly Up
Decreasing
Slightly volatile
Liabilities Non Current4.7 B4.5 B
Sufficiently Up
Decreasing
Very volatile
Total Debt4.1 BB
Fairly Up
Increasing
Slightly volatile
Debt Current121.5 M152.3 M
Significantly Down
Increasing
Slightly volatile
Debt Non Current3.9 B3.8 B
Sufficiently Up
Increasing
Stable
Operating Income(683 M)(665.5 M)
Fairly Down
Decreasing
Slightly volatile
Gross Margin46.959.0585
Significantly Down
Increasing
Slightly volatile

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

About Sabre 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

327.89 Million

Sabre Corp Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. Sabre Corp reported last year Depreciation Amortization and Accretion of 372.59 Million

Sabre 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 Sabre 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)
Revenues3.6 B3.87 B3.97 B1.33 B1.69 B2.59 B
Total Assets5.65 B5.81 B5.69 B6.08 B5.29 B5.05 B
Current Assets960.69 M1.19 B1.12 B1.89 B1.4 B1.19 B
Total Liabilities4.96 B4.84 B4.75 B5.72 B5.8 B5.19 B
Current Liabilities972.15 M1.02 B1.03 B621.94 M716.5 M942.16 M
Operating Income493.44 M562.02 M363.42 M(988.04 M)(665.49 M)(683 M)
Gross Margin30.1427.8123.6556.659.0646.9

Sabre Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Sabre Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Sabre Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Sabre Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sabre Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sabre Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sabre 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.
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. Sabre Corporation was incorporated in 2006 and is headquartered in Southlake, Texas. Sabre Corp operates under Travel Services classification in the United States and is traded on NASDAQ Exchange. It employs 7583 people.

Sabre Corp Investors Sentiment

The influence of Sabre 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 Sabre. 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.
Investor biases related to Sabre Corp's public news can be used to forecast risks associated with investment in Sabre. The trend in average sentiment can be used to explain how an investor holding Sabre can time the market purely based on public headlines and social activities around Sabre Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Sabre Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Sabre Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Sabre Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Sabre Corp.

Sabre Corp Implied Volatility

    
  177.26  
Sabre Corp's implied volatility exposes the market's sentiment of Sabre Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Sabre 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 Sabre Corp stock will not fluctuate a lot when Sabre 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 Sabre 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, Sabre Corp's short interest history, or implied volatility extrapolated from Sabre Corp options trading.

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Additionally, take a look at Sabre Corp Piotroski F Score and Sabre Corp Altman Z Score analysis. Note that the Sabre Corp information on this page should be used as a complementary analysis to other Sabre 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Sabre Corp price analysis, check to measure Sabre 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 Sabre Corp is operating at the current time. Most of Sabre Corp's value examination focuses on studying past and present price action to predict the probability of Sabre Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sabre Corp's price. Additionally, you may evaluate how the addition of Sabre Corp to your portfolios can decrease your overall portfolio volatility.
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Is Sabre 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 Sabre Corp. If investors know Sabre 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 Sabre 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
-0.13
Market Capitalization
2.5 B
Quarterly Revenue Growth YOY
0.57
Return On Assets
-0.048
Return On Equity
-7.37
The market value of Sabre Corp is measured differently than its book value, which is the value of Sabre that is recorded on the company's balance sheet. Investors also form their own opinion of Sabre Corp's value that differs from its market value or its book value, called intrinsic value, which is Sabre 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 Sabre Corp's market value can be influenced by many factors that don't directly affect Sabre 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 Sabre Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Sabre Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sabre 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.