Redfin Corp Stock Beneish M Score
| RDFN Stock | USD 5.33 0.04 0.74% |
Redfin | Beneish M Score |
At this time, Redfin Corp's M Score is unavailable. The earnings manipulation may begin if Redfin Corp'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 Redfin Corp 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 Redfin Corp'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.
-4.12
Beneish M Score - Unavailable
Redfin Corp 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 Redfin Corp'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 Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Receivables | 315.4 K | 332 K |
|
| |||||
| Total Revenue | 911.5 M | 976.7 M |
|
| |||||
| Total Assets | 956.9 M | 1.2 B |
|
| |||||
| Total Current Assets | 622.5 M | 445 M |
|
| |||||
| Non Current Assets Total | 744 M | 708.6 M |
|
| |||||
| Property Plant Equipment | 44.5 M | 63.4 M |
|
| |||||
| Depreciation And Amortization | 83 M | 79 M |
|
| |||||
| Selling General Administrative | 120.7 M | 238.8 M |
|
| |||||
| Total Current Liabilities | 174.8 M | 268.4 M |
|
| |||||
| Non Current Liabilities Total | 654.3 M | 842.5 M |
|
| |||||
| Short Term Debt | 100.3 M | 167.6 M |
|
| |||||
| Long Term Investments | 3 M | 3.1 M |
|
| |||||
| Gross Profit Margin | 0.28 | 0.3377 |
|
|
Redfin Corp 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 Redfin Corp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Redfin Corp in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Redfin Corp's degree of accounting gimmicks and manipulations.
Click cells to compare fundamentals
About Redfin Corp 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 And Amortization |
|
Redfin Corp 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 Redfin Corp. 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.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Net Receivables | 19.2M | 54.7M | 69.6M | 54.9M | 332K | 315.4K | |
| Total Revenue | 779.8M | 886.1M | 1.9B | 2.3B | 976.7M | 911.5M | |
| Total Assets | 596.2M | 1.4B | 2.0B | 1.6B | 1.2B | 956.9M | |
| Total Current Assets | 451.6M | 1.2B | 1.2B | 776.5M | 445.0M | 622.5M | |
| Net Debt | (17.9M) | (290.2M) | 949.4M | 1.1B | 858.8M | 901.8M | |
| Short Term Debt | 37.2M | 97.4M | 271.1M | 233.1M | 167.6M | 100.3M | |
| Long Term Debt | 119.7M | 488.3M | 1.2B | 1.1B | 813.2M | 601.4M | |
| Operating Income | (79.2M) | 792K | (110.0M) | (322.9M) | (210.1M) | (199.6M) | |
| Investments | (100.4M) | (42.4M) | 59.2M | (65.5M) | 94.7M | 99.5M |
About Redfin Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Redfin Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Redfin Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Redfin Corp 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.
Currently Active Assets on Macroaxis
When determining whether Redfin Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Redfin Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Redfin Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Redfin Corp Stock:Check out Redfin Corp Piotroski F Score and Redfin Corp Altman Z Score analysis. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.Note that the Redfin Corp information on this page should be used as a complementary analysis to other Redfin Corp'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 the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Redfin Stock analysis
When running Redfin Corp's price analysis, check to measure Redfin Corp'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 Redfin Corp is operating at the current time. Most of Redfin Corp's value examination focuses on studying past and present price action to predict the probability of Redfin Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redfin Corp's price. Additionally, you may evaluate how the addition of Redfin Corp to your portfolios can decrease your overall portfolio volatility.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Is Redfin Corp'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 Redfin Corp. If investors know Redfin 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 Redfin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.286 | Earnings Share (1.13) | Revenue Per Share 8.631 | Quarterly Revenue Growth (0.02) | Return On Assets (0.1) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.