Loral Beneish M Score

LORL -  USA Stock  

USD 41.52  0.00  0.00%

This module uses fundamental data of Loral Space to approximate the value of its Beneish M Score. Loral Space 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. Additionally, see Stocks Correlation.

Loral Beneish M Score 

 
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Debt to Equity Ratio is expected to hike to 0.22 this year. Loral Space Accrued Expenses Turnover is relatively stable at the moment as compared to the past year. The company's current value of Accrued Expenses Turnover is estimated at 24.67. Cash and Equivalents Turnover is expected to hike to 7.47 this year, although the value of Operating Margin will most likely fall to 6.81.
At this time, it appears that Loral Space Comm is an unlikely manipulator. The earnings manipulation may begin if Loral Space'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 Loral Space 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 Loral Space'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
N/A
Asset Quality
4.2
Expense Coverage
N/A
Gross Margin Strengs
0.95
Accruals Factor
N/A
Depreciation Resistance
N/A
Net Sales Growth
N/A
Financial Leverage Condition
N/A

Loral Space 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 Loral Space'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
Selling General and Administrative Expense8.4 M6.7 M
Significantly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations(11.8 M)(10.9 M)
Significantly Down
Decreasing
Very volatile
Total Assets380.1 M254.5 M
Way Up
Decreasing
Slightly volatile
Investments172.9 M192.7 M
Moderately Down
Decreasing
Slightly volatile
Investments Current35 M30.3 M
Fairly Up
Decreasing
Stable
Investments Non Current167.2 M192.7 M
Fairly Down
Decreasing
Slightly volatile
Property Plant and Equipment Net351 K342 K
Fairly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables31.1 M30.3 M
Fairly Up
Decreasing
Slightly volatile
Total Liabilities46.1 M44.9 M
Fairly Up
Decreasing
Slightly volatile
Current Assets35 M34.1 M
Fairly Up
Decreasing
Slightly volatile
Assets Non Current275.2 M220.4 M
Fairly Up
Decreasing
Slightly volatile
Current LiabilitiesM4.8 M
Fairly Up
Decreasing
Slightly volatile
Liabilities Non Current41.2 M40.1 M
Fairly Up
Decreasing
Slightly volatile
Gross Margin15.4116.15
Sufficiently Down
Decreasing
Very volatile

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

About Loral Space 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.

Earnings Before Interest Taxes and Depreciation Amortization EBITDA

93.4 MillionShare
Loral Space Earnings Before Interest Taxes and Depreciation Amortization EBITDA are relatively stable at the moment as compared to the past year. The company's current value of Earnings Before Interest Taxes and Depreciation Amortization EBITDA is estimated at 93.4 Million

Loral Space 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 Loral Space. 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.
201620172018201920202021 (projected)
Total Assets264.23 M374.71 M330.3 M390.81 M254.47 M380.12 M
Current Assets40.94 M269.34 M264.08 M260.96 M34.09 M34.99 M
Assets Non Current223.29 M105.37 M66.22 M129.84 M220.38 M275.17 M
Selling General and Administrative Expense6.73 M7.04 M6.53 M6.61 M6.72 M8.44 M
Total Liabilities93.82 M84.11 M32.73 M40.78 M44.94 M46.12 M
Current Liabilities6.13 M3.85 M4.07 M5.49 M4.84 M4.97 M
Liabilities Non Current87.69 M80.26 M28.67 M35.29 M40.09 M41.15 M
Operating Income(8.18 M)(11.23 M)(9.98 M)(11.2 M)(11.76 M)(12.69 M)
Net Cash Flow from Operations(21.25 M)(24.7 M)1.81 M2.13 M(10.91 M)(11.77 M)

About Loral Space Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Loral Space Comm's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Loral Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Loral Space Comm 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.
Loral Space Communications Inc., a satellite communications company, provides satellite-based communications services to the broadcast, corporate, and government customers worldwide. Loral Space Communications Inc. was founded in 1996 and is headquartered in New York, New York. Loral Space operates under Telecom Services classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.

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Additionally, see Stocks Correlation. Note that the Loral Space Comm information on this page should be used as a complementary analysis to other Loral Space'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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Is Loral Space'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 Loral Space. If investors know Loral 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 Loral Space 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 Loral Space Comm is measured differently than its book value, which is the value of Loral that is recorded on the company's balance sheet. Investors also form their own opinion of Loral Space's value that differs from its market value or its book value, called intrinsic value, which is Loral Space'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 Loral Space's market value can be influenced by many factors that don't directly affect Loral Space'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 Loral Space's value and its price as these two are different measures arrived at by different means. Investors typically determine Loral Space value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Loral Space'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.