Vision Marine Technologies Stock Beneish M Score

VMAR Stock  USD 0.60  0.01  1.69%   
This module uses fundamental data of Vision Marine to approximate the value of its Beneish M Score. Vision Marine 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 Vision Marine Piotroski F Score and Vision Marine Altman Z Score analysis.
  
At this time, Vision Marine's Short and Long Term Debt is relatively stable compared to the past year. As of 03/28/2024, Short Term Debt is likely to grow to about 1.3 M, while Net Debt is likely to drop (243 K). At this time, Vision Marine's Cash Per Share is relatively stable compared to the past year. As of 03/28/2024, Debt Equity Ratio is likely to grow to 0.25, while Price Earnings Ratio is likely to drop (2.12).
At this time, it appears that Vision Marine Techno is an unlikely manipulator. The earnings manipulation may begin if Vision Marine'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 Vision Marine 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 Vision Marine'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.
-3.78
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.43

Focus
Asset Quality

0.55

Focus
Expense Coverage

0.8

Focus
Gross Margin Strengs

1.35

Focus
Accruals Factor

0.8

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

0.65

Focus
Financial Leverage Condition

0.75

Focus

Vision Marine 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 Vision Marine'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
Net Receivables757.7 K815 K
Significantly Down
Slightly volatile
Total Revenue4.2 M6.5 M
Way Down
Slightly volatile
Total Assets18.2 M27.7 M
Way Down
Slightly volatile
Total Current Assets8.6 M9.8 M
Fairly Down
Slightly volatile
Non Current Assets Total9.7 M17.9 M
Way Down
Slightly volatile
Property Plant Equipment5.4 M5.2 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization1.3 M1.2 M
Sufficiently Up
Slightly volatile
Selling General Administrative7.2 M13.8 M
Way Down
Slightly volatile
Total Current Liabilities2.9 M5.6 M
Way Down
Slightly volatile
Non Current Liabilities Total9.2 M8.8 M
Sufficiently Up
Slightly volatile
Short Term Debt1.3 M1.2 M
Sufficiently Up
Slightly volatile
Long Term Debt28.9 K30.4 K
Notably Down
Very volatile
Gross Profit Margin0.420.31
Significantly Up
Pretty Stable

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

About Vision Marine 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

1.28 Million

At this time, Vision Marine's Depreciation And Amortization is relatively stable compared to the past year.

Vision Marine 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 Vision Marine. 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.
201920202021202220232024 (projected)
Net Receivables481.3K652.6K1.2M708.7K815.0K757.7K
Total Revenue2.4M3.5M7.4M5.7M6.5M4.2M
Total Assets3.6M38.8M29.1M24.0M27.7M18.2M
Total Current Assets2.4M21.3M11.6M8.5M9.8M8.6M
Net Debt(42.0K)(15.1M)(3.2M)(257.1K)(231.4K)(243.0K)
Short Term Debt348.1K572.3K633.3K1.1M1.2M1.3M
Long Term Debt354.5K53.9K155.3K33.8K30.4K28.9K
Operating Income(2.1M)(13.3M)(12.3M)(20.7M)(18.7M)(17.7M)
Investments(37.7K)(3.4M)(964.5K)(537.0K)(483.3K)(507.5K)
Gross Profit Margin0.450.250.460.270.310.42

About Vision Marine Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Vision Marine Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Vision Marine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Vision Marine Technologies 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.
Vision Marine Technologies Inc. designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. Vision Marine Technologies Inc. operates as a subsidiary of West Island Brands Inc. Vision Marine is traded on NASDAQ Exchange in the United States.
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 Vision Marine 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, Vision Marine's short interest history, or implied volatility extrapolated from Vision Marine options trading.

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When determining whether Vision Marine Techno is a strong investment it is important to analyze Vision Marine's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vision Marine's future performance. For an informed investment choice regarding Vision Stock, refer to the following important reports:
Check out Vision Marine Piotroski F Score and Vision Marine Altman Z Score analysis.
Note that the Vision Marine Techno information on this page should be used as a complementary analysis to other Vision Marine'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.

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When running Vision Marine's price analysis, check to measure Vision Marine'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 Vision Marine is operating at the current time. Most of Vision Marine's value examination focuses on studying past and present price action to predict the probability of Vision Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vision Marine's price. Additionally, you may evaluate how the addition of Vision Marine to your portfolios can decrease your overall portfolio volatility.
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Is Vision Marine'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 Vision Marine. If investors know Vision 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 Vision Marine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.99)
Revenue Per Share
0.521
Quarterly Revenue Growth
(0.29)
Return On Assets
(0.46)
Return On Equity
(0.81)
The market value of Vision Marine Techno is measured differently than its book value, which is the value of Vision that is recorded on the company's balance sheet. Investors also form their own opinion of Vision Marine's value that differs from its market value or its book value, called intrinsic value, which is Vision Marine'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 Vision Marine's market value can be influenced by many factors that don't directly affect Vision Marine'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 Vision Marine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vision Marine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vision Marine'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.