International Beneish M Score

IMXI -  USA Stock  

USD 16.57  0.32  1.89%

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. Please see International Money Piotroski F Score and International Money Altman Z Score analysis.

International Beneish M Score 

 
Refresh
International Money Debt to Equity Ratio is most likely to decrease significantly in the upcoming years. The last year's value of Debt to Equity Ratio was reported at 1.75. International Money Earnings per Basic Share are most likely to increase slightly in the upcoming years. The last year's value of Earnings per Basic Share was reported at 0.89. The current Earnings per Diluted Share is estimated to increase to 0.95, while Book Value per Share is projected to decrease to 2.21.
At this time, it appears that International Money is a possible 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.
-1.76
Beneish M Score - Possible Manipulator
Elasticity of Receivables
1.01
Asset Quality
N/A
Expense Coverage
1.07
Gross Margin Strengs
1.08
Accruals Factor
1.07
Depreciation Resistance
0.98
Net Sales Growth
0.99
Financial Leverage Condition
1.1

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
Revenues354.7 M357.2 M
Slightly Down
Increasing
Slightly volatile
Selling General and Administrative Expense58.3 M54.9 M
Notably Up
Increasing
Slightly volatile
Net Cash Flow from Operations(903.2 K)(880 K)
Fairly Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion11.6 M10.8 M
Notably Up
Decreasing
Slightly volatile
Total Assets244.2 M259.5 M
Notably Down
Increasing
Slightly volatile
Property Plant and Equipment Net13.4 M13 M
Fairly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables55.3 M55 M
Slightly Up
Decreasing
Stable
Total Liabilities167.9 M165.2 M
Fairly Up
Increasing
Slightly volatile
Current Assets166.9 M186.7 M
Moderately Down
Increasing
Slightly volatile
Assets Non Current77.3 M72.7 M
Notably Up
Increasing
Slightly volatile
Current Liabilities79.9 M83.9 M
Notably Down
Increasing
Slightly volatile
Liabilities Non Current83.9 M81.3 M
Sufficiently Up
Decreasing
Slightly volatile
Total Debt93.8 M87.6 M
Notably Up
Increasing
Slightly volatile
Debt Current6.8 M8.1 M
Fairly Down
Increasing
Slightly volatile
Debt Non Current83.4 M80.6 M
Sufficiently Up
Decreasing
Slightly volatile
Operating Income57 M52.9 M
Significantly Up
Increasing
Slightly volatile
Gross Margin0.360.332
Significantly Up
Increasing
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

11.58 MillionShare
International Money Depreciation Amortization and Accretion is most likely to decrease significantly in the upcoming years. The last year's value of Depreciation Amortization and Accretion was reported at 10.83 Million

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. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services and online payment options, pre-paid debit cards, and direct deposit payroll cards. It provides services through sending and paying agents and company-operated stores, as well as through online and Internet-enabled mobile devices. The company was formerly known as FinTech Acquisition Corp. II. International Money Express, Inc. is headquartered in Miami, Florida.

International Money Investors Sentiment

The influence of International Money's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in International. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - IMXI

International Money Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in International Money Express. What is your judgment towards investing in International Money Express? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

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
Please see International Money Piotroski F Score and International Money Altman Z Score analysis. Note that the International Money information on this page should be used as a complementary analysis to other International Money'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for International Stock analysis

When running International Money 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 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.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
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 underlying business (such as 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 International Money value 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.