Anywhere Real Estate Stock Beneish M Score

HOUS Stock  USD 4.52  0.15  3.21%   
This module uses fundamental data of Anywhere Real to approximate the value of its Beneish M Score. Anywhere Real 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 Anywhere Real Piotroski F Score and Anywhere Real Altman Z Score analysis.
  
At this time, Anywhere Real's Debt Ratio is comparatively stable compared to the past year. Cash Flow To Debt Ratio is likely to gain to 0.07 in 2024, whereas Short and Long Term Debt is likely to drop slightly above 328 M in 2024. At this time, Anywhere Real's Payables Turnover is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas Operating Cash Flow Per Share is likely to drop 1.61 in 2024.
At this time, it appears that Anywhere Real Estate is an unlikely manipulator. The earnings manipulation may begin if Anywhere Real'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 Anywhere Real 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 Anywhere Real'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.
-2.71
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.13

Focus
Asset Quality

0.88

Focus
Expense Coverage

1.17

Focus
Gross Margin Strengs

0.95

Focus
Accruals Factor

1.17

Focus
Depreciation Resistance

1.03

Focus
Net Sales Growth

1.08

Focus
Financial Leverage Condition

1.08

Focus

Anywhere Real 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 Anywhere Real'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 Receivables296.9 M243 M
Fairly Up
Slightly volatile
Total Revenue6.1 B5.6 B
Significantly Up
Slightly volatile
Total Assets5.8 B5.8 B
Slightly Down
Slightly volatile
Total Current Assets984.1 M580 M
Way Up
Very volatile
Non Current Assets Total5.1 B5.3 B
Sufficiently Down
Slightly volatile
Property Plant Equipment562.5 M364.6 M
Way Up
Slightly volatile
Depreciation And Amortization5.9 B5.6 B
Sufficiently Up
Slightly volatile
Selling General Administrative531.3 M422 M
Significantly Up
Slightly volatile
Total Current Liabilities977.6 M1.2 B
Significantly Down
Slightly volatile
Non Current Liabilities Total3.9 BB
Significantly Up
Slightly volatile
Net Debt3.5 BB
Fairly Up
Slightly volatile
Short Term Debt403.4 M544 M
Way Down
Very volatile
Long Term Debt2.2 B2.2 B
Slightly Up
Slightly volatile
Gross Profit Margin0.07030.0739
Notably Down
Slightly volatile

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

About Anywhere Real 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

5.93 Billion

At this time, Anywhere Real's Depreciation And Amortization is comparatively stable compared to the past year.

Anywhere Real 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 Anywhere Real. 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 Receivables79M267M262M411M243M296.9M
Total Revenue5.6B6.2B8.0B6.9B5.6B6.1B
Total Assets7.5B6.9B7.2B6.4B5.8B5.8B
Total Current Assets1.2B944M1.2B834M580M984.1M
Net Debt3.8B3.4B2.9B3.3B3.0B3.5B
Short Term Debt356M297M256M651M544M403.4M
Long Term Debt3.2B3.1B2.9B2.5B2.2B2.2B
Operating Income377M412M667M401M(8M)(7.6M)
Investments(12M)(5M)(39M)(55M)(59M)(56.1M)
Gross Profit Margin0.440.430.40.360.07390.0703

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

About Anywhere Real Fundamental Analysis

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

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Additional Tools for Anywhere Stock Analysis

When running Anywhere Real's price analysis, check to measure Anywhere Real'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 Anywhere Real is operating at the current time. Most of Anywhere Real's value examination focuses on studying past and present price action to predict the probability of Anywhere Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anywhere Real's price. Additionally, you may evaluate how the addition of Anywhere Real to your portfolios can decrease your overall portfolio volatility.