Infinity Beneish M Score

INFI
 Stock
  

USD 0.59  0.04  6.35%   

This module uses fundamental data of Infinity Pharmaceuti to approximate the value of its Beneish M Score. Infinity Pharmaceuti 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 Infinity Pharmaceuti Piotroski F Score and Infinity Pharmaceuti Altman Z Score analysis.
  
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Infinity Pharmaceuti Debt Non Current is most likely to decrease significantly in the upcoming years. The last year's value of Debt Non Current was reported at 917,000. The current Debt to Equity Ratio is estimated to increase to 3.16, while Issuance Repayment of Debt Securities is projected to decrease to (3.7 M). Infinity Pharmaceuti Accrued Expenses Turnover is most likely to drop in the upcoming years. The last year's value of Accrued Expenses Turnover was reported at 0.23. The current Cash and Equivalents Turnover is estimated to increase to 0.0349, while Operating Margin is projected to decrease to (52.31) .
At this time, it appears that Infinity Pharmaceuti is a possible manipulator. The earnings manipulation may begin if Infinity Pharmaceuti'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 Infinity Pharmaceuti 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 Infinity Pharmaceuti'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.
14.49
Beneish M Score - Possible Manipulator
Elasticity of Receivables0.97Focus
Asset Quality43.4Focus
Expense Coverage1.21Focus
Gross Margin Strengs0.99Focus
Accruals Factor1.21Focus
Depreciation Resistance1.0Focus
Net Sales Growth1.03Focus
Financial Leverage Condition0.74Focus

Infinity Pharmaceuti 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 Infinity Pharmaceuti'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
Revenues1.9 M1.9 M
Fairly Up
Decreasing
Slightly volatile
Selling General and Administrative Expense17.6 M14.2 M
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations(43.8 M)(40.6 M)
Significantly Down
Increasing
Very volatile
Depreciation Amortization and Accretion492.6 K480 K
Fairly Up
Decreasing
Slightly volatile
Total Assets112.3 M84.8 M
Significantly Up
Decreasing
Slightly volatile
Investments162.2 K158 K
Fairly Up
Decreasing
Slightly volatile
Investments Current5.1 MM
Fairly Up
Decreasing
Slightly volatile
Investments Non Current162.2 K158 K
Fairly Up
Decreasing
Slightly volatile
Property Plant and Equipment Net2.4 M2.3 M
Fairly Up
Decreasing
Stable
Trade and Non Trade Receivables2.1 M2.1 M
Slightly Down
Increasing
Stable
Total Liabilities61.7 M63.2 M
Fairly Down
Decreasing
Stable
Current Assets106.6 M82.3 M
Significantly Up
Decreasing
Slightly volatile
Assets Non Current2.6 M2.5 M
Fairly Up
Decreasing
Stable
Current Liabilities17.4 M13.3 M
Significantly Up
Decreasing
Slightly volatile
Liabilities Non Current44.3 M49.9 M
Fairly Down
Decreasing
Stable
Total Debt941.1 K917 K
Fairly Up
Decreasing
Slightly volatile
Debt Current7.4 M6.9 M
Significantly Up
Increasing
Slightly volatile
Debt Non Current941.1 K917 K
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile

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

About Infinity Pharmaceuti 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

492,632

Share
Infinity Pharmaceuti 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 480,000

Infinity Pharmaceuti 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 Infinity Pharmaceuti. 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.
201720182019202020212022 (projected)
Revenues6 M22.15 M3.05 M1.72 M1.86 M1.91 M
Total Assets59.35 M60.22 M49.01 M39.32 M84.78 M112.27 M
Current Assets58.39 M59.82 M44.58 M36.02 M82.27 M106.64 M
Assets Non Current967 K397 K4.43 M3.3 M2.52 M2.58 M
Total Liabilities11.62 M7.76 M41.29 M62.31 M63.21 M61.72 M
Current Liabilities11.6 M7.72 M9.7 M11.05 M13.3 M17.41 M
Total Debt19.59 M6 M1.93 M1.44 M917 K941.13 K
Operating Income(36.45 M)(11.93 M)(45.66 M)(38.5 M)(45.08 M)(48.64 M)
Investments23 M9.97 M20.5 M5.68 M158 K162.16 K
Investments Current23 M9.97 M20.18 M5.51 M4.96 M5.09 M

About Infinity Pharmaceuti Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Infinity Pharmaceuti's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Infinity Pharmaceuti using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Infinity Pharmaceuti 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.
Infinity Pharmaceuticals, Inc., a biopharmaceutical company, focuses on developing novel medicines for people with cancer. Infinity Pharmaceuticals, Inc. was incorporated in 1995 and is headquartered in Cambridge, Massachusetts. Infinity Pharmaceuti operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange.

Infinity Pharmaceuti Investors Sentiment

The influence of Infinity Pharmaceuti'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 Infinity. 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.

Infinity Pharmaceuti Implied Volatility

    
  196.73  
Infinity Pharmaceuti's implied volatility exposes the market's sentiment of Infinity Pharmaceuti stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Infinity Pharmaceuti's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Infinity Pharmaceuti stock will not fluctuate a lot when Infinity Pharmaceuti's options are near their expiration.
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 Infinity Pharmaceuti 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, Infinity Pharmaceuti's short interest history, or implied volatility extrapolated from Infinity Pharmaceuti options trading.

Current Sentiment - INFI

Infinity Pharmaceuti Investor Sentiment

Most of Macroaxis users are currently bullish on Infinity Pharmaceuti. What is your judgment towards investing in Infinity Pharmaceuti? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Please see Infinity Pharmaceuti Piotroski F Score and Infinity Pharmaceuti Altman Z Score analysis. Note that the Infinity Pharmaceuti information on this page should be used as a complementary analysis to other Infinity Pharmaceuti'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Infinity Pharmaceuti price analysis, check to measure Infinity Pharmaceuti'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 Infinity Pharmaceuti is operating at the current time. Most of Infinity Pharmaceuti's value examination focuses on studying past and present price action to predict the probability of Infinity Pharmaceuti's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Infinity Pharmaceuti's price. Additionally, you may evaluate how the addition of Infinity Pharmaceuti to your portfolios can decrease your overall portfolio volatility.
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Is Infinity Pharmaceuti'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 Infinity Pharmaceuti. If investors know Infinity 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 Infinity Pharmaceuti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
52.6 M
Quarterly Revenue Growth YOY
0.4
Return On Assets
-0.31
Return On Equity
-1.49
The market value of Infinity Pharmaceuti is measured differently than its book value, which is the value of Infinity that is recorded on the company's balance sheet. Investors also form their own opinion of Infinity Pharmaceuti's value that differs from its market value or its book value, called intrinsic value, which is Infinity Pharmaceuti'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 Infinity Pharmaceuti's market value can be influenced by many factors that don't directly affect Infinity Pharmaceuti'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 Infinity Pharmaceuti's value and its price as these two are different measures arrived at by different means. Investors typically determine Infinity Pharmaceuti value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Infinity Pharmaceuti'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.