Agilent Technologies Stock Beneish M Score

A Stock  USD 134.16  3.51  2.69%   
This module uses fundamental data of Agilent Technologies to approximate the value of its Beneish M Score. Agilent Technologies 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. Check out Agilent Technologies Piotroski F Score and Agilent Technologies Altman Z Score analysis.
For information on how to trade Agilent Stock refer to our How to Trade Agilent Stock guide.
  
At present, Agilent Technologies' Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Net Debt To EBITDA is expected to grow to 0.63, whereas Short and Long Term Debt Total is forecasted to decline to about 2.2 B. At present, Agilent Technologies' Dividend Yield is projected to slightly decrease based on the last few years of reporting. The current year's Operating Cash Flow Per Share is expected to grow to 5.70, whereas Price To Sales Ratio is forecasted to decline to 2.12.
At this time, Agilent Technologies' M Score is unavailable. The earnings manipulation may begin if Agilent Technologies' 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 Agilent Technologies 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 Agilent Technologies' 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.
-3.32
Beneish M Score - Unavailable
Elasticity of Receivables

0.85

Focus
Asset Quality

0.93

Focus
Expense Coverage

1.21

Focus
Gross Margin Strengs

0.87

Focus
Accruals Factor

1.21

Focus
Depreciation Resistance

0.67

Focus
Net Sales Growth

0.81

Focus
Financial Leverage Condition

1.33

Focus

Agilent Technologies 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 Agilent Technologies' 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
Net Receivables797.6 M1.2 B
Way Down
Slightly volatile
Total RevenueB6.1 B
Significantly Down
Pretty Stable
Total Assets9.3 B12.4 B
Way Down
Slightly volatile
Total Current Assets3.4 B3.8 B
Moderately Down
Slightly volatile
Non Current Assets Total4.6 B7.6 B
Way Down
Slightly volatile
Property Plant Equipment845.4 M1.3 B
Way Down
Pretty Stable
Depreciation And Amortization263.3 M243.9 M
Significantly Up
Slightly volatile
Selling General Administrative1.4 B1.5 B
Fairly Down
Slightly volatile
Total Current Liabilities1.4 B1.4 B
Sufficiently Down
Very volatile
Non Current Liabilities Total2.7 B3.8 B
Way Down
Slightly volatile
Long Term Debt2.3 B3.1 B
Way Down
Slightly volatile
Operating Income1.6 B1.6 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities2.1 BB
Sufficiently Up
Slightly volatile
Long Term Investments151.1 M188.6 M
Significantly Down
Slightly volatile
Gross Profit Margin0.40.46
Fairly Down
Slightly volatile

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

About Agilent Technologies 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.

Pretax Profit Margin

0.2

At present, Agilent Technologies' Pretax Profit Margin is projected to increase slightly based on the last few years of reporting.

Agilent Technologies 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 Agilent Technologies. 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.
201920202021202220232024 (projected)
Net Receivables1.0B1.2B1.4B1.3B1.2B797.6M
Total Revenue5.3B6.3B6.8B6.8B6.1B5.0B
Total Assets9.6B10.7B10.5B10.8B12.4B9.3B
Total Current Assets3.4B3.8B3.8B4.2B3.8B3.4B
Net Debt918M1.2B1.7B1.1B1.3B1.4B
Short Term Debt75M52M36M46M41.4M39.3M
Long Term Debt2.3B2.7B2.7B2.7B3.1B2.3B
Operating Income846M1.3B1.6B1.4B1.6B1.6B
Investments(29M)(10M)9M(310M)(279M)(265.1M)

Agilent Technologies 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, Agilent Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Agilent Technologies' managers, analysts, and investors.
Environmental
Governance
Social

About Agilent Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Agilent Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Agilent Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Agilent Technologies 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in Agilent Stock

When determining whether Agilent Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agilent Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agilent Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agilent Technologies Stock:
Check out Agilent Technologies Piotroski F Score and Agilent Technologies Altman Z Score analysis.
For information on how to trade Agilent Stock refer to our How to Trade Agilent Stock guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Life Sciences Tools & Services space 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 Agilent Technologies. If investors know Agilent 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 Agilent Technologies 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
0.029
Dividend Share
0.922
Earnings Share
4.23
Revenue Per Share
22.533
Quarterly Revenue Growth
(0.08)
The market value of Agilent Technologies is measured differently than its book value, which is the value of Agilent that is recorded on the company's balance sheet. Investors also form their own opinion of Agilent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Agilent Technologies' 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 Agilent Technologies' market value can be influenced by many factors that don't directly affect Agilent Technologies' 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 Agilent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Agilent Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agilent Technologies' 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.