PAR Beneish M Score

Stocks . USA . 
Stock . PAR Technology
PAR Stock  USD 34.34  0.00  0.00%   
This module uses fundamental data of PAR Technology to approximate the value of its Beneish M Score. PAR Technology 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. Check out PAR Technology Piotroski F Score and PAR Technology Altman Z Score analysis. To learn how to invest in PAR Stock, please use our How to Invest in PAR Technology guide.
  
PAR Technology Total Debt is relatively stable at the moment as compared to the past year. PAR Technology reported last year Total Debt of 393.37 Million. As of 05/31/2023, Debt Current is likely to grow to about 1.3 M, while Issuance Repayment of Debt Securities is likely to drop (723.6 K). PAR Technology Total Assets Per Share are relatively stable at the moment as compared to the past year. PAR Technology reported last year Total Assets Per Share of 31.29. As of 05/31/2023, Quick Ratio is likely to grow to 2.71, while Inventory Turnover is likely to drop 6.90.
At this time, it appears that PAR Technology is an unlikely manipulator. The earnings manipulation may begin if PAR Technology'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 PAR Technology 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 PAR Technology'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.
-2.61
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.96Focus
Asset Quality1.09Focus
Expense Coverage0.86Focus
Gross Margin Strengs1.0Focus
Accruals Factor0.86Focus
Depreciation Resistance0.94Focus
Net Sales Growth0.92Focus
Financial Leverage Condition1.0Focus

PAR Technology 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 PAR Technology'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 Expense80.1 M101.2 M
Significantly Down
Slightly volatile
Revenues326 M355.8 M
Significantly Down
Slightly volatile
Trade and Non Trade Receivables52.7 M60 M
Fairly Down
Slightly volatile
Property Plant and Equipment Net15.4 M17 M
Moderately Down
Slightly volatile
Operating Income(59.6 M)(58 M)
Fairly Down
Slightly volatile
Net Cash Flow from Operations(44.2 M)(43.1 M)
Fairly Down
Slightly volatile
Liabilities Non Current444.4 M411.8 M
Significantly Up
Slightly volatile
Current Liabilities62.9 M67.8 M
Significantly Down
Slightly volatile
Total Liabilities517.5 M479.7 M
Significantly Up
Slightly volatile
Investments Non Current3.8 M3.8 M
Slightly Down
Slightly volatile
Investments Current37.1 M46.3 M
Significantly Down
Slightly volatile
Investments50 M46.3 M
Significantly Up
Slightly volatile
Gross Margin0.250.251
Slightly Down
Slightly volatile
Depreciation Amortization and Accretion28.2 M26.1 M
Significantly Up
Slightly volatile
Debt Non Current423 M392.1 M
Significantly Up
Slightly volatile
Debt Current1.3 M1.3 M
Fairly Up
Pretty Stable
Total Debt424.4 M393.4 M
Significantly Up
Slightly volatile
Assets Non Current680.7 M630.9 M
Significantly Up
Slightly volatile
Current Assets190 M223.9 M
Fairly Down
Slightly volatile
Total Assets922.3 M854.9 M
Significantly Up
Slightly volatile

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

Operating Expenses

158.96 Million

PAR Technology Operating Expenses is relatively stable at the moment as compared to the past year. PAR Technology reported last year Operating Expenses of 147.32 Million

PAR Technology 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 PAR Technology. 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.
201820192020202120222023 (projected)
Revenues201.25 M187.23 M213.79 M282.88 M355.8 M326.03 M
Total Assets94.68 M189.61 M343.75 M888.15 M854.86 M922.35 M
Current Assets55.69 M93.56 M248.93 M283.01 M223.95 M189.99 M
Assets Non Current38.99 M96.05 M94.82 M605.14 M630.91 M680.72 M
Total Liabilities48.73 M116.77 M155.34 M383.8 M479.66 M517.53 M
Current Liabilities40.92 M42.1 M39.96 M60.52 M67.82 M62.86 M
Total Debt7.82 M66.12 M109.17 M311.26 M393.37 M424.42 M
Debt Current7.82 M2.69 M1.87 M2.97 M1.31 M1.34 M
Operating Income(10.28 M)(14.19 M)(23.95 M)(53.88 M)(58.03 M)(59.56 M)

About PAR Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze PAR Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PAR Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PAR Technology 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.
PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company was founded in 1968 and is headquartered in New Hartford, New York. Par Technology operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 1477 people.

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Our tools can tell you how much better you can do entering a position in PAR Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out PAR Technology Piotroski F Score and PAR Technology Altman Z Score analysis. To learn how to invest in PAR Stock, please use our How to Invest in PAR Technology guide. Note that the PAR Technology information on this page should be used as a complementary analysis to other PAR Technology'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running PAR Technology's price analysis, check to measure PAR Technology'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 PAR Technology is operating at the current time. Most of PAR Technology's value examination focuses on studying past and present price action to predict the probability of PAR Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PAR Technology's price. Additionally, you may evaluate how the addition of PAR Technology to your portfolios can decrease your overall portfolio volatility.
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Is PAR Technology'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 PAR Technology. If investors know PAR 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 PAR Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.61) 
Revenue Per Share
13.798
Quarterly Revenue Growth
0.251
Return On Assets
(0.0494) 
Return On Equity
(0.18) 
The market value of PAR Technology is measured differently than its book value, which is the value of PAR that is recorded on the company's balance sheet. Investors also form their own opinion of PAR Technology's value that differs from its market value or its book value, called intrinsic value, which is PAR Technology'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 PAR Technology's market value can be influenced by many factors that don't directly affect PAR Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Piotroski
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Beneish
M Score
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Buy or Sell
Advice
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Earnings
Projections
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Please note, there is a significant difference between PAR Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if PAR Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PAR Technology'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. Check out PAR Technology Piotroski F Score and PAR Technology Altman Z Score analysis. To learn how to invest in PAR Stock, please use our How to Invest in PAR Technology guide.


 
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