Superior Beneish M Score

SGC Stock  USD 12.04  0.06  0.50%   
This module uses fundamental data of Superior Uniform to approximate the value of its Beneish M Score. Superior Uniform 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, take a look at Superior Uniform Piotroski F Score and Superior Uniform Altman Z Score analysis.
  
The current year Total Debt is expected to grow to about 40.9 M. The current year Debt Current is expected to grow to about 5.7 M. Superior Uniform Dividend Yield is projected to slightly decrease based on the last few years of reporting. The past year's Dividend Yield was at 0.0196. The current year Enterprise Value over EBIT is expected to grow to 17.69, whereas Book Value per Share is forecasted to decline to 6.11.
At this time, it appears that Superior Uniform is an unlikely manipulator. The earnings manipulation may begin if Superior Uniform'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 Superior Uniform 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 Superior Uniform'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.
-2.99
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.25Focus
Asset QualityN/AFocus
Expense Coverage0.93Focus
Gross Margin Strengs0.97Focus
Accruals Factor0.93Focus
Depreciation Resistance0.94Focus
Net Sales Growth0.87Focus
Financial Leverage Condition1.02Focus

Superior Uniform 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 Superior Uniform'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 Expense48.3 M59.8 M
Significantly Down
Up
Slightly volatile
Revenues3.9 B4.5 B
Fairly Down
Up
Slightly volatile
Trade and Non Trade Receivables43.6 M40.4 M
Significantly Up
Up
Slightly volatile
Property Plant and Equipment Net26 M31.7 M
Significantly Down
Up
Slightly volatile
Operating Income192.8 M207.8 M
Significantly Down
Up
Slightly volatile
Net Cash Flow from Operations297.8 M320.7 M
Significantly Down
Up
Slightly volatile
Liabilities Non Current52.8 M49 M
Significantly Up
Up
Slightly volatile
Current LiabilitiesB1.2 B
Moderately Down
Up
Slightly volatile
Total Liabilities2.3 B2.4 B
Notably Down
Up
Slightly volatile
Gross Margin0.30.31
Sufficiently Down
Down
Slightly volatile
Depreciation Amortization and AccretionM5.7 M
Fairly Down
Up
Slightly volatile
Debt Non Current35.2 M32.6 M
Significantly Up
Up
Slightly volatile
Debt Current5.7 M5.3 M
Significantly Up
Up
Slightly volatile
Total Debt40.9 M37.9 M
Significantly Up
Up
Slightly volatile
Assets Non Current69.8 M64.7 M
Significantly Up
Up
Slightly volatile
Current Assets831 M912 M
Significantly Down
Up
Slightly volatile
Total Assets2.4 B2.6 B
Notably Down
Up
Slightly volatile

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

About Superior Uniform 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

48.35 Million

Superior Uniform Operating Expenses is projected to increase significantly based on the last few years of reporting. The past year's Operating Expenses was at 59.76 Million

About Superior Uniform Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Superior Uniform Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Superior Uniform using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Superior Uniform Group 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.
Superior Group of Companies, Inc. manufactures and sells apparel and accessories in the United States and internationally. Superior Group of Companies, Inc. was founded in 1920 and is headquartered in Seminole, Florida. Superior Uniform operates under Apparel Manufacturing classification in the United States and is traded on NASDAQ Exchange. It employs 6000 people.

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Our tools can tell you how much better you can do entering a position in Superior Uniform 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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Additionally, take a look at Superior Uniform Piotroski F Score and Superior Uniform Altman Z Score analysis. Note that the Superior Uniform information on this page should be used as a complementary analysis to other Superior Uniform'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Superior Uniform price analysis, check to measure Superior Uniform'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 Superior Uniform is operating at the current time. Most of Superior Uniform's value examination focuses on studying past and present price action to predict the probability of Superior Uniform's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Superior Uniform's price. Additionally, you may evaluate how the addition of Superior Uniform to your portfolios can decrease your overall portfolio volatility.
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Is Superior Uniform'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 Superior Uniform. If investors know Superior 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 Superior Uniform 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
(0.52) 
Market Capitalization
195.7 M
Quarterly Revenue Growth
0.125
Return On Assets
0.0289
Return On Equity
(0.15) 
The market value of Superior Uniform is measured differently than its book value, which is the value of Superior that is recorded on the company's balance sheet. Investors also form their own opinion of Superior Uniform's value that differs from its market value or its book value, called intrinsic value, which is Superior Uniform'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 Superior Uniform's market value can be influenced by many factors that don't directly affect Superior Uniform'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 Superior Uniform's value and its price as these two are different measures arrived at by different means. Investors typically determine Superior Uniform value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Uniform'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.