Joann Beneish M Score

JOAN -  USA Stock  

USD 7.84  0.03  0.38%

This module uses fundamental data of Joann to approximate the value of its Beneish M Score. Joann 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 Joann Piotroski F Score and Joann Altman Z Score analysis.
  
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Joann Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 1.81 Billion. Debt Current is expected to rise to about 193.6 M this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (154.6 M).
At this time, it appears that Joann Inc is an unlikely manipulator. The earnings manipulation may begin if Joann'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 Joann 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 Joann'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.
-3.71
Beneish M Score - Unlikely Manipulator
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense Coverage0.98Focus
Gross Margin Strengs1.06Focus
Accruals Factor0.98Focus
Depreciation Resistance1.03Focus
Net Sales Growth1.13Focus
Financial Leverage Condition1.02Focus

Joann 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 Joann'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
Revenues2.7 B2.4 B
Moderately Up
Increasing
Slightly volatile
Selling General and Administrative Expense1.1 BB
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations159.7 M(23.6 M)
Way Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion250.1 M242.7 M
Fairly Up
Increasing
Slightly volatile
Total Assets2.5 B2.4 B
Sufficiently Up
Increasing
Slightly volatile
Property Plant and Equipment Net1.2 B1.1 B
Notably Up
Increasing
Slightly volatile
Total Liabilities2.4 B2.2 B
Notably Up
Decreasing
Slightly volatile
Current Assets723.7 M720.3 M
Slightly Up
Increasing
Slightly volatile
Assets Non Current1.7 B1.6 B
Notably Up
Increasing
Slightly volatile
Current Liabilities623.9 M576.8 M
Significantly Up
Increasing
Slightly volatile
Liabilities Non Current1.7 B1.6 B
Notably Up
Decreasing
Slightly volatile
Total Debt1.8 B1.7 B
Notably Up
Decreasing
Slightly volatile
Debt Current193.6 M180.6 M
Notably Up
Increasing
Slightly volatile
Debt Non Current1.6 B1.5 B
Notably Up
Decreasing
Slightly volatile
Operating Income133.6 M99.7 M
Significantly Up
Increasing
Slightly volatile
Gross Margin0.530.502
Notably Up
Increasing
Slightly volatile

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

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About Joann Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Joann Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Joann using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Joann Inc 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.
JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States. The company was formerly known as Jo-Ann Stores Holdings Inc. and changed its name to JOANN Inc. in February 2021. Joann operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 5060 people.

Joann Investors Sentiment

The influence of Joann'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 Joann. 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.

Joann Implied Volatility

    
  119.79  
Joann's implied volatility exposes the market's sentiment of Joann Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Joann'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 Joann stock will not fluctuate a lot when Joann'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 Joann 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, Joann's short interest history, or implied volatility extrapolated from Joann options trading.

Current Sentiment - JOAN

Joann Inc Investor Sentiment

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Please see Joann Piotroski F Score and Joann Altman Z Score analysis. Note that the Joann Inc information on this page should be used as a complementary analysis to other Joann'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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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Is Joann'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 Joann. If investors know Joann 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 Joann 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 Joann Inc is measured differently than its book value, which is the value of Joann that is recorded on the company's balance sheet. Investors also form their own opinion of Joann's value that differs from its market value or its book value, called intrinsic value, which is Joann'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 Joann's market value can be influenced by many factors that don't directly affect Joann'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 Joann's value and its price as these two are different measures arrived at by different means. Investors typically determine Joann value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Joann'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.