| HFBL Stock | | | USD 11.64 0.11 0.94% |
This module uses fundamental data of Home Federal to approximate the value of its Beneish M Score. Home Federal 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
Home Federal Piotroski F Score and
Home Federal Altman Z Score analysis.
At this time, Home Federal's
Total Debt To Capitalization is quite stable compared to the past year.
Debt Equity Ratio is expected to rise to 0.66 this year, although the value of
Net Debt is projected to rise to (13.9
M). At this time, Home Federal's
Operating Cash Flow Per Share is quite stable compared to the past year.
Stock Based Compensation To Revenue is expected to rise to 0.02 this year, although
Book Value Per Share will most likely fall to 7.70.
At this time, it appears that Home Federal Bancorp is a possible manipulator. The earnings manipulation may begin if Home Federal'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 Home Federal 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 Home Federal'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.
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Beneish M Score - Possible Manipulator
| Elasticity of Receivables | |
| Financial Leverage Condition | |
Home Federal 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 Home Federal'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.
Home Federal Bancorp 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 Home Federal's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Home Federal in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Home Federal's degree of accounting gimmicks and manipulations.
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About Home Federal 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.
Home Federal 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 Home Federal. 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.
About Home Federal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Home Federal Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Home Federal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Home Federal Bancorp 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 Home Federal 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, Home Federal's short interest history, or implied volatility extrapolated from Home Federal options trading.
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Try AI Portfolio ArchitectWhen determining whether Home Federal Bancorp is a strong investment it is important to analyze Home Federal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Home Federal's
future performance.
For an informed investment choice regarding Home Stock, refer to the following important reports: Check out
Home Federal Piotroski F Score and
Home Federal Altman Z Score analysis.
Note that the Home Federal Bancorp information on this page should be used as a complementary analysis to other Home Federal'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 the
Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Home Stock analysis
When running Home Federal's price analysis, check to
measure Home Federal'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 Home Federal is operating at the current time. Most of Home Federal's value examination focuses on studying past and present price action to
predict the probability of Home Federal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Federal's price. Additionally, you may evaluate how the addition of Home Federal to your portfolios can decrease your overall portfolio volatility.
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Is Home Federal'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 Home Federal. If investors know Home 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 Home Federal 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 | Dividend Share | Earnings Share | Revenue Per Share | Quarterly Revenue Growth |
The market value of Home Federal Bancorp is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Federal's value that differs from its market value or its book value, called intrinsic value, which is Home Federal'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 Home Federal's market value can be influenced by many factors that don't directly affect Home Federal'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 Home Federal's value and its price as these two are different measures arrived at by different means. Investors typically determine
if Home Federal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Federal'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.