Esports Beneish M Score

EBET -  USA Stock  

USD 28.94  0.01  0.0345%

This module uses fundamental data of Esports Technologies to approximate the value of its Beneish M Score. Esports 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. Continue to Esports Technologies Piotroski F Score and Esports Technologies Altman Z Score analysis.

Esports Beneish M Score 

 
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Total Debt is likely to drop to about 104.4 K in 2021. Debt Non Current is likely to drop to about 104.4 K in 2021.
At this time, it appears that Esports Technologies is an unlikely manipulator. The earnings manipulation may begin if Esports 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 Esports 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 Esports 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.
-3.14
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
1.02
Asset Quality
N/A
Expense Coverage
0.88
Gross Margin Strengs
1.11
Accruals Factor
0.88
Depreciation Resistance
N/A
Net Sales Growth
0.96
Financial Leverage Condition
1.35

Esports 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 Esports 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
Revenues216 K225.1 K
Sufficiently Down
Increasing
Slightly volatile
Selling General and Administrative Expense186 K221 K
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(62.5 K)(60.9 K)
Fairly Down
Decreasing
Slightly volatile
Total Assets2.2 M2.7 M
Significantly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables38 K38.9 K
Fairly Down
Increasing
Slightly volatile
Total Liabilities938.7 K870 K
Significantly Up
Increasing
Slightly volatile
Current Assets77.3 K75.5 K
Fairly Up
Decreasing
Slightly volatile
Assets Non Current2.8 M2.6 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities202.1 K250.1 K
Significantly Down
Increasing
Slightly volatile
Liabilities Non Current482.3 K485.2 K
Slightly Down
Decreasing
Slightly volatile
Total Debt104.4 K105 K
Slightly Down
Decreasing
Slightly volatile
Debt Non Current104.4 K105 K
Slightly Down
Decreasing
Slightly volatile
Operating Income(102.5 K)(99.9 K)
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.410.37
Significantly Up
Decreasing
Slightly volatile

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

About Esports 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.

Earnings Before Interest Taxes and Depreciation Amortization EBITDA

(390,607)Share
Esports Technologies Earnings Before Interest Taxes and Depreciation Amortization EBITDA are comparatively stable at the moment as compared to the past year. Esports Technologies reported Earnings Before Interest Taxes and Depreciation Amortization EBITDA of (380,591) in 2020

About Esports Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Esports Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Esports Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Esports 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.
Esports Technologies, Inc., a technology company, develops and operates platforms that focuses on esports and competitive gaming worldwide. It also offers iGaming, which include online casino and table games, such as blackjack, virtual sport computer simulated games, and slot machines, as well as traditional sports betting. Esports Technologies operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 9 people.

Esports Technologies Investors Sentiment

The influence of Esports Technologies' 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 Esports. 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.
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 Esports Technologies 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, Esports Technologies' short interest history, or implied volatility extrapolated from Esports Technologies options trading.

Current Sentiment - EBET

Esports Technologies Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Esports Technologies. What is your opinion about investing in Esports Technologies? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Continue to Esports Technologies Piotroski F Score and Esports Technologies Altman Z Score analysis. Note that the Esports Technologies information on this page should be used as a complementary analysis to other Esports Technologies' 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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