Joann Beneish M Score

JOAN -  USA Stock  

USD 11.71  0.07  0.60%

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 1.86 Billion. Debt Non Current is expected to rise to about 1.7 B this year, although the value of Debt Current will most likely fall to about 171.7 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.
-4.14
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
N/A
Asset Quality
N/A
Expense Coverage
1.01
Gross Margin Strengs
0.95
Accruals Factor
1.01
Depreciation Resistance
1.04
Net Sales Growth
1.03
Financial Leverage Condition
0.99

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
Revenues2.8 B2.8 B
Sufficiently Up
Increasing
Slightly volatile
Selling General and Administrative Expense1.2 B1.1 B
Sufficiently Up
Increasing
Slightly volatile
Net Cash Flow from Operations352.9 M327.1 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion209.8 M232.4 M
Moderately Down
Increasing
Stable
Total Assets2.5 B2.3 B
Significantly Up
Increasing
Slightly volatile
Property Plant and Equipment Net1.1 B1.1 B
Notably Down
Increasing
Slightly volatile
Total Liabilities2.5 B2.3 B
Notably Up
Decreasing
Slightly volatile
Current Assets637.2 M654.8 M
Fairly Down
Decreasing
Slightly volatile
Assets Non Current1.8 B1.7 B
Notably Up
Increasing
Slightly volatile
Current Liabilities610.1 M608.6 M
Slightly Up
Increasing
Slightly volatile
Liabilities Non Current1.8 B1.7 B
Significantly Up
Decreasing
Slightly volatile
Total Debt1.9 B1.7 B
Notably Up
Decreasing
Slightly volatile
Debt Current171.7 M187.2 M
Significantly Down
Increasing
Slightly volatile
Debt Non Current1.7 B1.6 B
Significantly Up
Decreasing
Slightly volatile
Operating Income166.4 M154.2 M
Significantly Up
Increasing
Slightly volatile
Gross Margin0.470.495
Notably Down
Decreasing
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.

About Joann 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

209.75 MillionShare
Joann Depreciation Amortization and Accretion is quite stable at the moment as compared to the past year. The company's current value of Depreciation Amortization and Accretion is estimated at 209.75 Million

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 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.

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.

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 CEO Directory module to screen CEOs from public companies around the world.

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When running Joann Inc price analysis, check to measure Joann'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 Joann is operating at the current time. Most of Joann's value examination focuses on studying past and present price action to predict the probability of Joann's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Joann's price. Additionally, you may evaluate how the addition of Joann to your portfolios can decrease your overall portfolio volatility.
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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 Inc 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 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.