Indie Beneish M Score

INDI -  USA Stock  

USD 7.29  0.25  3.55%

This module uses fundamental data of Indie Semiconductor to approximate the value of its Beneish M Score. Indie Semiconductor 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 Indie Semiconductor Piotroski F Score and Indie Semiconductor Altman Z Score analysis.

Indie Beneish M Score 

 
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Indie Semiconductor Issuance Repayment of Debt Securities is most likely to in the upcoming years. The last year's value of Issuance Repayment of Debt Securities was reported at 31.39 Million.
At this time, it appears that Indie Semiconductor is an unlikely manipulator. The earnings manipulation may begin if Indie Semiconductor'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 Indie Semiconductor 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 Indie Semiconductor'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.
-2.65
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
0.98
Asset Quality
N/A
Expense Coverage
0.99
Gross Margin Strengs
0.96
Accruals Factor
0.99
Depreciation Resistance
0.96
Net Sales Growth
1.0
Financial Leverage Condition
0.89

Indie Semiconductor 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 Indie Semiconductor'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
Revenues20.3 M20.3 M
Slightly Down
Decreasing
Slightly volatile
Selling General and Administrative Expense7.7 M7.8 M
Fairly Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion2.7 M2.4 M
Moderately Up
Decreasing
Slightly volatile
Total Assets37.6 M40.4 M
Significantly Down
Increasing
Slightly volatile
Property Plant and Equipment NetMM
Fairly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables6.6 M6.8 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities131.5 M157.1 M
Fairly Down
Increasing
Slightly volatile
Current Assets31.6 M34.5 M
Significantly Down
Increasing
Slightly volatile
Assets Non CurrentM5.9 M
Fairly Up
Increasing
Slightly volatile
Current Liabilities113.9 M140.5 M
Significantly Down
Increasing
Slightly volatile
Liabilities Non Current13.3 M13 M
Fairly Up
Decreasing
Slightly volatile
Total Debt116 M142.1 M
Significantly Down
Increasing
Slightly volatile
Debt Current138 M127.9 M
Significantly Up
Increasing
Slightly volatile
Debt Non Current11.6 M11.1 M
Sufficiently Up
Decreasing
Slightly volatile
Gross Margin0.470.49
Sufficiently Down
Increasing
Slightly volatile

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

About Indie Semiconductor 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

2.65 MillionShare
Indie Semiconductor 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 2.39 Million

About Indie Semiconductor Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Indie Semiconductor Cl's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Indie Semiconductor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Indie Semiconductor Cl 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.
indie Semiconductor, Inc. provides automotive semiconductors and software solutions. The company was founded in 2007 and is headquartered in Aliso Viejo, California. Indie Semiconductor operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange.

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Please see Indie Semiconductor Piotroski F Score and Indie Semiconductor Altman Z Score analysis. Note that the Indie Semiconductor information on this page should be used as a complementary analysis to other Indie Semiconductor'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is Indie Semiconductor'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 Indie Semiconductor. If investors know Indie 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 Indie Semiconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Indie Semiconductor is measured differently than its book value, which is the value of Indie that is recorded on the company's balance sheet. Investors also form their own opinion of Indie Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is Indie Semiconductor'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 Indie Semiconductor's market value can be influenced by many factors that don't directly affect Indie Semiconductor'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 Indie Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine Indie Semiconductor value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Indie Semiconductor'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.