Bilibili Stock Beneish M Score

BILI Stock  USD 11.20  0.17  1.54%   
This module uses fundamental data of Bilibili to approximate the value of its Beneish M Score. Bilibili 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 Bilibili Piotroski F Score and Bilibili Altman Z Score analysis.
For more detail on how to invest in Bilibili Stock please use our How to Invest in Bilibili guide.
  
As of now, Bilibili's Short and Long Term Debt is increasing as compared to previous years. The Bilibili's current Short Term Debt is estimated to increase to about 8 B, while Long Term Debt is projected to decrease to under 5.3 B. As of now, Bilibili's Quick Ratio is decreasing as compared to previous years. The Bilibili's current Dividend Paid And Capex Coverage Ratio is estimated to increase to 1.35, while Short Term Coverage Ratios is forecasted to increase to (0.51).
At this time, it appears that Bilibili is an unlikely manipulator. The earnings manipulation may begin if Bilibili'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 Bilibili 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 Bilibili'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.
-2.65
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

1.0

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.06

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.87

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

Bilibili 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 Bilibili'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
Net Receivables3.5 B3.4 B
Sufficiently Up
Slightly volatile
Total Revenue23.4 B22.3 B
Sufficiently Up
Slightly volatile
Total Assets50.5 B48.1 B
Sufficiently Up
Slightly volatile
Total Current Assets29.5 B28.1 B
Sufficiently Up
Slightly volatile
Non Current Assets Total21 B20 B
Sufficiently Up
Slightly volatile
Property Plant Equipment1.5 B1.4 B
Sufficiently Up
Slightly volatile
Depreciation And Amortization640.2 M504.8 M
Significantly Up
Slightly volatile
Selling General Administrative6.8 B6.5 B
Sufficiently Up
Slightly volatile
Total Current Liabilities20.6 B19.7 B
Sufficiently Up
Slightly volatile
Short Term DebtB7.6 B
Sufficiently Up
Slightly volatile
Short Term Investments6.4 B10.8 B
Way Down
Slightly volatile
Long Term Investments6.8 B6.5 B
Sufficiently Up
Slightly volatile

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

About Bilibili 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.

Total Assets

50.51 Billion

As of now, Bilibili's Total Assets are increasing as compared to previous years.

Bilibili 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 Bilibili. 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 Receivables1.1B1.4B1.4B2.9B3.4B3.5B
Total Revenue6.8B12.0B19.4B21.9B22.3B23.4B
Total Assets15.5B23.9B52.1B41.8B48.1B50.5B
Total Current Assets10.3B15.7B36.4B24.5B28.1B29.5B
Net Debt(1.5B)3.9B11.5B5.1B5.9B6.2B
Short Term Debt95.9M250.4M1.2B6.6B7.6B8.0B
Long Term Debt3.4B8.3B17.8B8.7B10.0B5.3B
Operating Income(1.5B)(3.1B)(6.4B)(8.4B)(6.1B)(5.8B)
Investments(4.0B)(8.9B)(24.6B)10.6B9.5B10.0B
Gross Profit Margin0.220.210.180.240.160.17

About Bilibili Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Bilibili's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bilibili using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bilibili 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.
Bilibili Inc. provides online entertainment services for the young generations in the Peoples Republic of China. Bilibili Inc. was founded in 2009 and is headquartered in Shanghai, the Peoples Republic of China. Bilibili Inc operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 12281 people.

Bilibili Investors Sentiment

The influence of Bilibili'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 Bilibili. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bilibili's public news can be used to forecast risks associated with an investment in Bilibili. The trend in average sentiment can be used to explain how an investor holding Bilibili can time the market purely based on public headlines and social activities around Bilibili. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bilibili'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 Bilibili'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 Bilibili's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bilibili.

Bilibili Implied Volatility

    
  115.09  
Bilibili's implied volatility exposes the market's sentiment of Bilibili stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bilibili'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 Bilibili stock will not fluctuate a lot when Bilibili'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 Bilibili 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, Bilibili's short interest history, or implied volatility extrapolated from Bilibili options trading.

Pair Trading with Bilibili

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bilibili position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bilibili will appreciate offsetting losses from the drop in the long position's value.

Moving against Bilibili Stock

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The ability to find closely correlated positions to Bilibili could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bilibili when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bilibili - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bilibili to buy it.
The correlation of Bilibili is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bilibili moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bilibili moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bilibili can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Bilibili offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bilibili's 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 Bilibili Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bilibili Stock:
Check out Bilibili Piotroski F Score and Bilibili Altman Z Score analysis.
For more detail on how to invest in Bilibili Stock please use our How to Invest in Bilibili guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Bilibili's price analysis, check to measure Bilibili'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 Bilibili is operating at the current time. Most of Bilibili's value examination focuses on studying past and present price action to predict the probability of Bilibili's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bilibili's price. Additionally, you may evaluate how the addition of Bilibili to your portfolios can decrease your overall portfolio volatility.
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Is Bilibili'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 Bilibili. If investors know Bilibili 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 Bilibili listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.63)
Revenue Per Share
54.519
Quarterly Revenue Growth
0.034
Return On Assets
(0.08)
Return On Equity
(0.32)
The market value of Bilibili is measured differently than its book value, which is the value of Bilibili that is recorded on the company's balance sheet. Investors also form their own opinion of Bilibili's value that differs from its market value or its book value, called intrinsic value, which is Bilibili'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 Bilibili's market value can be influenced by many factors that don't directly affect Bilibili'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 Bilibili's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bilibili is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bilibili'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.