International Beneish M Score

IMXI Stock  USD 17.03  0.10  0.59%   
This module uses fundamental data of International Money to approximate the value of its Beneish M Score. International Money 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 International Money Piotroski F Score and International Money Altman Z Score analysis.
International Money Debt to Equity Ratio is decreasing as compared to previous years. The last year's value of Debt to Equity Ratio was reported at 2.42. International Money PPandE Turnover is increasing as compared to previous years. The last year's value of PPandE Turnover was reported at 23.74. The current Receivables Turnover is estimated to increase to 7.13, while Operating Margin is projected to decrease to 13.11.
At this time, it appears that International Money is an unlikely manipulator. The earnings manipulation may begin if International Money'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 International Money 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 International Money'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.
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.89Focus
Asset QualityN/AFocus
Expense Coverage1.03Focus
Gross Margin Strengs1.08Focus
Accruals Factor1.03Focus
Depreciation Resistance0.91Focus
Net Sales Growth0.91Focus
Financial Leverage Condition1.01Focus

International Money 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 International Money'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
Selling General and Administrative Expense80.7 M86.6 M
Significantly Down
Slightly volatile
Revenues496 M546.8 M
Moderately Down
Slightly volatile
Trade and Non Trade Receivables104.9 M129.8 M
Significantly Down
Slightly volatile
Property Plant and Equipment Net23.6 M28.2 M
Fairly Down
Slightly volatile
Operating Income89.5 M82.9 M
Significantly Up
Slightly volatile
Net Cash Flow from Operations22.2 M15.2 M
Way Up
Slightly volatile
Liabilities Non Current155.9 M177.4 M
Fairly Down
Slightly volatile
Current Liabilities147.7 M184.8 M
Significantly Down
Slightly volatile
Total Liabilities294.7 M362.2 M
Significantly Down
Slightly volatile
Gross Margin0.360.333
Significantly Up
Slightly volatile
Depreciation Amortization and Accretion12.1 M12.6 M
Sufficiently Down
Slightly volatile
Debt Non Current153.3 M173.5 M
Fairly Down
Pretty Stable
Debt Current5.2 MM
Sufficiently Up
Slightly volatile
Total Debt149.6 M178.5 M
Fairly Down
Slightly volatile
Assets Non Current113.2 M129.6 M
Fairly Down
Slightly volatile
Current Assets303.7 M382.4 M
Significantly Down
Slightly volatile
Total Assets416.9 M512.1 M
Significantly Down
Slightly volatile

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

About International Money 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 Amortization and Accretion

12.09 Million

International Money Depreciation Amortization and Accretion is decreasing as compared to previous years. The last year's value of Depreciation Amortization and Accretion was reported at 12.57 Million

International Money 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 International Money. 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.
201820192020202120222023 (projected)
Revenues273.9 M319.6 M357.21 M459.21 M546.8 M496 M
Total Assets225.84 M227.31 M259.47 M340.54 M512.07 M416.92 M
Current Assets138.65 M148.23 M186.73 M263.55 M382.44 M303.74 M
Assets Non Current87.19 M79.08 M72.75 M76.99 M129.64 M113.18 M
Total Liabilities181.37 M171.34 M165.21 M197.5 M362.17 M294.72 M
Current Liabilities68.04 M83.72 M83.94 M116.86 M184.77 M147.73 M
Total Debt117.26 M94.67 M87.62 M83.09 M178.48 M149.63 M
Debt Current3.91 M3.94 M7.04 M3.88 M4.97 M5.18 M
Debt Non Current113.33 M87.62 M80.58 M79.21 M173.51 M153.3 M
Operating Income13.07 M36.44 M52.87 M67.85 M82.91 M89.45 M

About International Money Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze International Money Express's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of International Money using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of International Money Express 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.
International Money Express, Inc., through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. International Money Express, Inc. is headquartered in Miami, Florida. International Money operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 674 people.
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 International Money 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, International Money's short interest history, or implied volatility extrapolated from International Money options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as International Money using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out International Money Piotroski F Score and International Money Altman Z Score analysis. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for International Stock analysis

When running International Money's price analysis, check to measure International Money'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 International Money is operating at the current time. Most of International Money's value examination focuses on studying past and present price action to predict the probability of International Money's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Money's price. Additionally, you may evaluate how the addition of International Money to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Fundamental Analysis
View fundamental data based on most recent published financial statements
Transaction History
View history of all your transactions and understand their impact on performance
Is International Money'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 International Money. If investors know International 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 International Money 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
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
The market value of International Money is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Money's value that differs from its market value or its book value, called intrinsic value, which is International Money'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 International Money's market value can be influenced by many factors that don't directly affect International Money'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 International Money's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Money is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Money'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.