Melhus Sparebank Stock Beneish M Score

MELG Stock  NOK 153.40  0.40  0.26%   
This module uses fundamental data of Melhus Sparebank to approximate the value of its Beneish M Score. Melhus Sparebank 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melhus Sparebank. 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, Melhus Sparebank's M Score is inapplicable. The earnings manipulation may begin if Melhus Sparebank'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 Melhus Sparebank 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 Melhus Sparebank'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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Focus
Asset Quality

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Expense Coverage

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Gross Margin Strengs

N/A

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Accruals Factor

N/A

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Depreciation Resistance

N/A

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Net Sales Growth

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Financial Leverage Condition

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Focus

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About Melhus Sparebank Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Melhus Sparebank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Melhus Sparebank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Melhus Sparebank 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melhus Sparebank. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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