Urstadt Beneish M Score

UBA Stock  USD 18.83  0.21  1.10%   
This module uses fundamental data of Urstadt Biddle to approximate the value of its Beneish M Score. Urstadt Biddle 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. Also, please take a look at Urstadt Biddle Piotroski F Score and Urstadt Biddle Altman Z Score analysis.
  
The current year Total Debt is expected to grow to about 272.9 M, whereas Issuance Repayment of Debt Securities is forecasted to decline to (1.7 M). Urstadt Biddle Interest Coverage is projected to slightly decrease based on the last few years of reporting. The past year's Interest Coverage was at 4.53. The current year Accounts Payable Turnover is expected to grow to 10.86, whereas Long Term Debt to Equity is forecasted to decline to 0.44.
At this time, it appears that Urstadt Biddle Properties is a possible manipulator. The earnings manipulation may begin if Urstadt Biddle'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 Urstadt Biddle 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 Urstadt Biddle'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.
-1.4
Beneish M Score - Possible Manipulator
Elasticity of Receivables1.06Focus
Asset Quality3.97Focus
Expense Coverage0.91Focus
Gross Margin Strengs1.0Focus
Accruals Factor0.91Focus
Depreciation Resistance0.98Focus
Net Sales Growth0.92Focus
Financial Leverage Condition1.05Focus

Urstadt Biddle 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 Urstadt Biddle'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 Expense7.2 M8.6 M
Significantly Down
Up
Slightly volatile
Revenues111.8 M122 M
Significantly Down
Up
Slightly volatile
Trade and Non Trade Receivables16.5 M17 M
Fairly Down
Up
Very volatile
Property Plant and Equipment Net604.5 M747.7 M
Significantly Down
Up
Slightly volatile
Operating Income42.1 M45.5 M
Significantly Down
Up
Slightly volatile
Net Cash Flow from Operations59.5 M66.3 M
Moderately Down
Up
Slightly volatile
Current Liabilities11.1 M10.3 M
Significantly Up
Up
Slightly volatile
Total Liabilities326.6 M358.2 M
Significantly Down
Up
Slightly volatile
Investments50.5 M46.8 M
Significantly Up
Up
Slightly volatile
Gross Margin74.4474.77
Slightly Down
Down
Slightly volatile
Depreciation Amortization and Accretion17.1 M20.7 M
Significantly Down
Up
Slightly volatile
Total Debt272.9 M252.9 M
Significantly Up
Up
Slightly volatile
Current Assets63.5 M55 M
Fairly Up
Down
Pretty Stable
Total Assets818.5 M876.5 M
Significantly Down
Up
Slightly volatile

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

About Urstadt Biddle 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

25.21 Million

Urstadt Biddle Operating Expenses is projected to increase significantly based on the last few years of reporting. The past year's Operating Expenses was at 30.78 Million

Urstadt Biddle 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 Urstadt Biddle. 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)
Revenues135.35 M137.59 M126.75 M135.58 M122.02 M111.76 M
Total Assets1.01 B1.07 B1.01 B973.85 M876.47 M818.5 M
Current Assets41 M116.93 M66.75 M47.86 M55.04 M63.47 M
Total Liabilities426.09 M492.58 M439.11 M397.95 M358.15 M326.64 M
Current Liabilities3.9 M11.42 M18.03 M11.44 M10.3 M11.11 M
Operating Income53.43 M53.69 M43.54 M50.6 M45.54 M42.12 M
Net Cash Flow from Operations71.58 M72.32 M61.88 M73.67 M66.3 M59.45 M
Gross Margin83.7484.0884.5883.0874.7774.44

About Urstadt Biddle Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Urstadt Biddle Properties's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Urstadt Biddle using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Urstadt Biddle Properties 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.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 million square feet of space. It has paid 203 consecutive quarters of uninterrupted dividends to its shareholders since its inception. Urstadt Biddle operates under REITRetail classification in the United States and is traded on New York Stock Exchange. It employs 106 people.

Urstadt Biddle Investors Sentiment

The influence of Urstadt Biddle'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 Urstadt. 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.
Investor biases related to Urstadt Biddle's public news can be used to forecast risks associated with investment in Urstadt. The trend in average sentiment can be used to explain how an investor holding Urstadt can time the market purely based on public headlines and social activities around Urstadt Biddle Properties. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Urstadt Biddle's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Urstadt Biddle's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Urstadt Biddle's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Urstadt Biddle.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Urstadt Biddle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Urstadt Biddle's short interest history, or implied volatility extrapolated from Urstadt Biddle options trading.

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Also, please take a look at Urstadt Biddle Piotroski F Score and Urstadt Biddle Altman Z Score analysis. Note that the Urstadt Biddle Properties information on this page should be used as a complementary analysis to other Urstadt Biddle'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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Urstadt Biddle'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 Urstadt Biddle. If investors know Urstadt 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 Urstadt Biddle 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
0.136
Market Capitalization
728.2 M
Quarterly Revenue Growth
0.071
Return On Assets
0.0352
Return On Equity
0.0677
The market value of Urstadt Biddle Properties is measured differently than its book value, which is the value of Urstadt that is recorded on the company's balance sheet. Investors also form their own opinion of Urstadt Biddle's value that differs from its market value or its book value, called intrinsic value, which is Urstadt Biddle'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 Urstadt Biddle's market value can be influenced by many factors that don't directly affect Urstadt Biddle'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 Urstadt Biddle's value and its price as these two are different measures arrived at by different means. Investors typically determine Urstadt Biddle value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Urstadt Biddle'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.