Vtv Theraptcs Beneish M Score

VTVT -  USA Stock  

USD 1.47  0.03  2.08%

This module uses fundamental data of Vtv Theraptcs to approximate the value of its Beneish M Score. Vtv Theraptcs 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 Vtv Theraptcs Piotroski F Score and Vtv Theraptcs Altman Z Score analysis.

Vtv Theraptcs Beneish M Score 

 
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Issuance Repayment of Debt Securities is likely to gain to about 29.3 M in 2021, whereas Total Debt is likely to drop slightly above 32.4 M in 2021. Vtv Theraptcs PPandE Turnover is comparatively stable at the moment as compared to the past year. Vtv Theraptcs reported PPandE Turnover of 9.37 in 2020. Accounts Payable Turnover is likely to gain to 0.98 in 2021, whereas Revenue to Assets are likely to drop 0.26 in 2021.
At this time, it appears that Vtv Theraptcs Cl is a possible manipulator. The earnings manipulation may begin if Vtv Theraptcs' 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 Vtv Theraptcs 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 Vtv Theraptcs' 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.
-1.7
Beneish M Score - Possible Manipulator
Elasticity of Receivables
1.04
Asset Quality
1.0
Expense Coverage
1.13
Gross Margin Strengs
0.99
Accruals Factor
1.13
Depreciation Resistance
0.87
Net Sales Growth
0.99
Financial Leverage Condition
1.31

Vtv Theraptcs 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 Vtv Theraptcs' 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
Revenues2.5 M2.5 M
Fairly Down
Increasing
Slightly volatile
Selling General and Administrative Expense11.7 M10.4 M
Moderately Up
Decreasing
Slightly volatile
Depreciation Amortization and Accretion776.2 K576.1 K
Significantly Up
Decreasing
Slightly volatile
Total Assets10.9 M10.7 M
Fairly Up
Decreasing
Very volatile
Investments57.8 K56.4 K
Fairly Up
Decreasing
Slightly volatile
Investments Non Current57.8 K56.4 K
Fairly Up
Decreasing
Slightly volatile
Property Plant and Equipment Net736.5 K717.6 K
Fairly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables81.4 K79.3 K
Fairly Up
Decreasing
Slightly volatile
Total Liabilities102 M67 M
Way Up
Increasing
Very volatile
Current Assets3.3 M3.3 M
Fairly Up
Increasing
Very volatile
Assets Non Current2.8 M2.7 M
Fairly Up
Decreasing
Slightly volatile
Current Liabilities22.4 M15.4 M
Way Up
Decreasing
Slightly volatile
Liabilities Non Current289.2 K281.8 K
Fairly Up
Decreasing
Slightly volatile
Total Debt32.4 M32.6 M
Slightly Down
Decreasing
Slightly volatile
Debt Current138.7 K139.5 K
Slightly Down
Decreasing
Slightly volatile
Debt Non Current32.2 M32.4 M
Slightly Down
Decreasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile

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

About Vtv Theraptcs 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 Amortization and Accretion

776,237Share
Vtv Theraptcs Depreciation Amortization and Accretion is comparatively stable at the moment as compared to the past year. Vtv Theraptcs reported Depreciation Amortization and Accretion of 576,150 in 2020

Vtv Theraptcs 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 Vtv Theraptcs. 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.
201620172018201920202021 (projected)
Revenues634 K291 K12.43 M2.76 M2.49 M2.46 M
Total Assets54.49 M27.92 M8.56 M9.27 M10.66 M10.94 M
Current Assets52.12 M20.36 M3.47 M2.84 M3.26 M3.35 M
Total Liabilities145.44 M178.96 M91.41 M58.29 M67.03 M102.04 M
Current Liabilities11.43 M26.93 M18.84 M13.38 M15.39 M22.39 M
Operating Income(55.02 M)(50.68 M)(19.82 M)(20.89 M)(18.8 M)(20.29 M)
Net Cash Flow from Operations(48.21 M)(44.56 M)(26.86 M)(23.02 M)(20.72 M)(22.35 M)

About Vtv Theraptcs Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Vtv Theraptcs Cl's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Vtv Theraptcs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Vtv Theraptcs Cl 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.
vTv Therapeutics Inc., a clinical-stage biopharmaceutical company, discovers, develops, and sells orally administered small molecule drug candidates to fill unmet medical needs. The company was founded in 2015 and is headquartered in High Point, North Carolina. vTv Therapeutics Inc. is a subsidiary of MacAndrews Forbes Incorporated. Vtv Theraptcs operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 25 people.

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Also, please take a look at Vtv Theraptcs Piotroski F Score and Vtv Theraptcs Altman Z Score analysis. Note that the Vtv Theraptcs Cl information on this page should be used as a complementary analysis to other Vtv Theraptcs' 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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The market value of Vtv Theraptcs Cl is measured differently than its book value, which is the value of Vtv Theraptcs that is recorded on the company's balance sheet. Investors also form their own opinion of Vtv Theraptcs' value that differs from its market value or its book value, called intrinsic value, which is Vtv Theraptcs' 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 Vtv Theraptcs' market value can be influenced by many factors that don't directly affect Vtv Theraptcs Cl underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vtv Theraptcs' value and its price as these two are different measures arrived at by different means. Investors typically determine Vtv Theraptcs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vtv Theraptcs' 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.