Hancock Whitney Corp Stock Beneish M Score

HWC Stock  USD 46.47  0.47  1.02%   
This module uses fundamental data of Hancock Whitney to approximate the value of its Beneish M Score. Hancock Whitney 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 Hancock Whitney Piotroski F Score and Hancock Whitney Altman Z Score analysis.
  
At present, Hancock Whitney's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Long Term Debt Total is expected to grow to about 347.6 M, whereas Short Term Debt is forecasted to decline to about 1.1 B. At present, Hancock Whitney's Dividend Yield is projected to slightly decrease based on the last few years of reporting. The current year's PTB Ratio is expected to grow to 1.64, whereas Days Sales Outstanding is forecasted to decline to 39.44.
At this time, it appears that Hancock Whitney Corp is an unlikely manipulator. The earnings manipulation may begin if Hancock Whitney'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 Hancock Whitney 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 Hancock Whitney'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.
-2.24
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

1.01

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.23

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.64

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

Hancock Whitney 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 Hancock Whitney'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 Receivables225.7 M214.9 M
Sufficiently Up
Slightly volatile
Total RevenueB1.9 B
Sufficiently Up
Slightly volatile
Total Assets37.5 B35.7 B
Sufficiently Up
Slightly volatile
Total Current Assets1.4 B1.5 B
Notably Down
Slightly volatile
Non Current Assets Total36 B34.3 B
Sufficiently Up
Slightly volatile
Property Plant Equipment309.6 M489.3 M
Way Down
Very volatile
Depreciation And Amortization48.6 M46.3 M
Sufficiently Up
Slightly volatile
Selling General Administrative522.2 M497.3 M
Sufficiently Up
Slightly volatile
Total Current Liabilities12.9 B12.3 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total20.6 B19.7 B
Sufficiently Up
Slightly volatile
Short Term Debt1.1 B1.2 B
Significantly Down
Slightly volatile
Long Term Debt209.3 M236.3 M
Fairly Down
Pretty Stable
Total Cash From Operating Activities545.8 M519.8 M
Sufficiently Up
Slightly volatile
Short Term Investments5.2 B4.9 B
Sufficiently Up
Slightly volatile
Long Term Investments5.6 B7.7 B
Way Down
Very volatile
Gross Profit Margin1.030.84
Fairly Up
Slightly volatile

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

About Hancock Whitney 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.

Other Operating Expenses

1.49 Billion

At present, Hancock Whitney's Other Operating Expenses is projected to increase significantly based on the last few years of reporting.

Hancock Whitney 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 Hancock Whitney. 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 Receivables92.0M205.6M225.0M166.9M214.9M225.7M
Total Revenue1.2B1.3B1.3B1.4B1.9B2.0B
Total Assets30.6B33.6B36.5B35.2B35.7B37.5B
Total Current Assets744.3M3.4B8.3B6.6B1.5B1.4B
Net Debt2.4B186.2M(2.3B)1.2B328.9M345.4M
Short Term Debt2.7B1.7B1.7B1.9B1.2B1.1B
Long Term Debt233.5M378.3M244.2M242.1M236.3M209.3M
Operating Income392.7M(124.7M)568.1M777.8M1.4B1.5B
Investments(375.5M)(3.2B)(3.2B)662.4M(1.8B)(1.9B)

About Hancock Whitney Fundamental Analysis

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

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Hancock Whitney Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hancock Whitney'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 Hancock Whitney Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hancock Whitney Corp Stock:
Check out Hancock Whitney Piotroski F Score and Hancock Whitney Altman Z Score analysis.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Hancock Stock analysis

When running Hancock Whitney's price analysis, check to measure Hancock Whitney'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 Hancock Whitney is operating at the current time. Most of Hancock Whitney's value examination focuses on studying past and present price action to predict the probability of Hancock Whitney's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hancock Whitney's price. Additionally, you may evaluate how the addition of Hancock Whitney to your portfolios can decrease your overall portfolio volatility.
Bonds Directory
Find actively traded corporate debentures issued by US companies
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Is Hancock Whitney'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 Hancock Whitney. If investors know Hancock 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 Hancock Whitney 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
(0.14)
Dividend Share
1.2
Earnings Share
4.5
Revenue Per Share
15.128
Quarterly Revenue Growth
(0.05)
The market value of Hancock Whitney Corp is measured differently than its book value, which is the value of Hancock that is recorded on the company's balance sheet. Investors also form their own opinion of Hancock Whitney's value that differs from its market value or its book value, called intrinsic value, which is Hancock Whitney'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 Hancock Whitney's market value can be influenced by many factors that don't directly affect Hancock Whitney'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 Hancock Whitney's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hancock Whitney is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hancock Whitney'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.