Sumber Energi Andalan Stock Beneish M Score

ITMA Stock  IDR 850.00  50.00  5.56%   
This module uses fundamental data of Sumber Energi to approximate the value of its Beneish M Score. Sumber Energi 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Sumber Energi Andalan. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Sumber Energi's M Score is inapplicable. The earnings manipulation may begin if Sumber Energi'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 Sumber Energi 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 Sumber Energi'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.
-4.84
Beneish M Score - Inapplicable
Elasticity of Receivables

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Asset Quality

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Expense Coverage

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Gross Margin Strengs

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Accruals Factor

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Depreciation Resistance

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Net Sales Growth

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Financial Leverage Condition

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About Sumber Energi Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Sumber Energi Andalan's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sumber Energi using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sumber Energi Andalan 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.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Sumber Energi Andalan. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Please note, there is a significant difference between Sumber Energi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sumber Energi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sumber Energi'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.