Galway Metals Stock Beneish M Score

GWM Stock  CAD 0.35  0.01  2.78%   
This module uses fundamental data of Galway Metals to approximate the value of its Beneish M Score. Galway Metals 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galway Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Galway Metals' Short and Long Term Debt Total is fairly stable compared to the past year. Long Term Debt is likely to climb to about 127.1 K in 2024, whereas Short and Long Term Debt is likely to drop slightly above 56.6 K in 2024. At this time, Galway Metals' Graham Number is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 0.12 in 2024, whereas Book Value Per Share is likely to drop 0.25 in 2024.
At this time, Galway Metals' M Score is inapplicable. The earnings manipulation may begin if Galway Metals' 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 Galway Metals 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 Galway Metals' 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.
-4.87
Beneish M Score - Inapplicable
Elasticity of Receivables

N/A

Focus
Asset Quality

1.08

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

0.79

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

1.3

Focus

Galway Metals 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 Galway Metals' 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 Receivables648.2 K621.4 K
Sufficiently Up
Slightly volatile
Total Assets16.3 M18.7 M
Fairly Down
Slightly volatile
Total Current Assets8.5 M5.8 M
Way Up
Slightly volatile
Non Current Assets Total11.8 M11.2 M
Sufficiently Up
Slightly volatile
Property Plant Equipment6.3 M11.2 M
Way Down
Slightly volatile
Depreciation And Amortization10.1 K14.2 K
Way Down
Slightly volatile
Selling General Administrative2.5 M2.6 M
Notably Down
Slightly volatile
Total Current Liabilities1.4 M1.7 M
Significantly Down
Slightly volatile
Short Term Debt56.6 K62.5 K
Moderately Down
Slightly volatile
Long Term Debt127.1 K118.4 K
Notably Up
Slightly volatile
Long Term Investments2.9 M3.3 M
Fairly Down
Slightly volatile

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

About Galway Metals 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 And Amortization

10,118.16

At this time, Galway Metals' Depreciation And Amortization is fairly stable compared to the past year.

Galway Metals 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 Galway Metals. 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 Receivables684.4K1.7M867.8K540.3K621.4K648.2K
Total Assets12.7M24.7M20.7M16.2M18.7M16.3M
Total Current Assets6.9M17.1M11.6M6.5M5.8M8.5M
Non Current Assets Total5.8M7.7M9.2M9.7M11.2M11.8M
Property Plant Equipment4.8M5.8M7.6M9.7M11.2M6.3M
Selling General Administrative1.9M5.4M3.8M2.7M2.6M2.5M
Total Current Liabilities1.3M4.3M4.3M1.5M1.7M1.4M
Net Debt(6.1M)(15.4M)(10.4M)(5.6M)(6.5M)(6.8M)
Operating Income(6.4M)(12.4M)(19.6M)(14.1M)(6.6M)(6.9M)
Total Cash From Operating Activities(6.1M)(9.4M)(17.3M)(14.2M)(6.1M)(6.4M)
Investments(910.9K)(748.0K)(1.2M)(297.3K)(359.8K)(377.8K)

About Galway Metals Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Galway Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Galway Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Galway Metals 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.
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 Galway Metals 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, Galway Metals' short interest history, or implied volatility extrapolated from Galway Metals options trading.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galway Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Please note, there is a significant difference between Galway Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Galway Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galway Metals' 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.