This module uses fundamental data of Dakota Gold to approximate the value of its Beneish M Score. Dakota Gold 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 Dakota Gold Piotroski F Score and Dakota Gold Altman Z Score analysis.
Dakota
Beneish M Score
Market Cap
Enterprise Value
Ptb Ratio
Book Value Per Share
Free Cash Flow Yield
Operating Cash Flow Per Share
Average Payables
Capex To Depreciation
Pb Ratio
Free Cash Flow Per Share
Roic
Net Income Per Share
Cash Per Share
Pocfratio
Capex To Operating Cash Flow
Pfcf Ratio
Income Quality
Roe
Ev To Operating Cash Flow
Pe Ratio
Return On Tangible Assets
Ev To Free Cash Flow
Earnings Yield
Net Debt To E B I T D A
Current Ratio
Tangible Book Value Per Share
Shareholders Equity Per Share
Capex Per Share
Graham Net Net
Interest Debt Per Share
Enterprise Value Over E B I T D A
Price Earnings Ratio
Price Book Value Ratio
Price Earnings To Growth Ratio
Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio
Ebt Per Ebit
Effective Tax Rate
Company Equity Multiplier
Return On Capital Employed
Quick Ratio
Dividend Paid And Capex Coverage Ratio
Net Income Per E B T
Cash Ratio
Free Cash Flow Operating Cash Flow Ratio
Price To Book Ratio
Capital Expenditure Coverage Ratio
Price Cash Flow Ratio
Enterprise Value Multiple
Return On Assets
Price Fair Value
Return On Equity
Sale Purchase Of Stock
Change In Cash
Change In Working Capital
Total Cashflows From Investing Activities
Other Cashflows From Financing Activities
Capital Expenditures
Total Cash From Operating Activities
Net Income
Total Cash From Financing Activities
Other Cashflows From Investing Activities
End Period Cash Flow
Investments
Net Borrowings
Stock Based Compensation
Free Cash Flow
Begin Period Cash Flow
Depreciation
Other Non Cash Items
Change To Account Receivables
Change To Operating Activities
Issuance Of Capital Stock
Change To Netincome
Change To Liabilities
Total Assets
Total Current Liabilities
Total Stockholder Equity
Retained Earnings
Cash
Other Assets
Cash And Short Term Investments
Liabilities And Stockholders Equity
Capital Surpluse
Total Liab
Total Current Assets
Short Term Debt
Common Stock
Property Plant Equipment
Net Tangible Assets
Property Plant And Equipment Net
Net Debt
Accounts Payable
Non Current Assets Total
Net Receivables
Common Stock Shares Outstanding
Non Current Liabilities Total
Other Current Assets
Other Stockholder Equity
Net Invested Capital
Property Plant And Equipment Gross
Capital Stock
Net Working Capital
Short Long Term Debt Total
Other Current Liab
Other Liab
Non Currrent Assets Other
Interest Income
Selling General Administrative
Operating Income
Income Before Tax
Net Income Applicable To Common Shares
Tax Provision
Net Interest Income
Depreciation And Amortization
Interest Expense
Other Operating Expenses
Net Income From Continuing Ops
Ebit
Ebitda
Total Operating Expenses
Reconciled Depreciation
Total Other Income Expense Net
Income Tax Expense
Minority Interest
Gross Profit
Cost Of Revenue
Probability Of Bankruptcy
The current year's Net Debt To EBITDA is expected to grow to 0.97, whereas Short Term Debt is forecasted to decline to about 115.5 K. At present, Dakota Gold's Current Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Ebt Per Ebit is expected to grow to 0.94, whereas PTB Ratio is forecasted to decline to 2.16.
At this time, it appears that Dakota Gold Corp is an unlikely manipulator. The earnings manipulation may begin if Dakota Gold'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 Dakota Gold 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 Dakota Gold'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.
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 Dakota Gold'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.
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 Dakota Gold's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Dakota Gold in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Dakota Gold's degree of accounting gimmicks and manipulations.
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.
Total Assets
131.77 Million
At present, Dakota Gold's Total Assets are projected to increase significantly based on the last few years of reporting.
Dakota Gold 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 Dakota Gold. 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.
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Dakota Gold's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Dakota Gold's managers, analysts, and investors.
Environmental
Governance
Social
About Dakota Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dakota Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dakota Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dakota Gold Corp 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.
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Is Diversified Metals & Mining space 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 Dakota Gold. If investors know Dakota 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 Dakota Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.41)
Return On Assets
(0.23)
Return On Equity
(0.37)
The market value of Dakota Gold Corp is measured differently than its book value, which is the value of Dakota that is recorded on the company's balance sheet. Investors also form their own opinion of Dakota Gold's value that differs from its market value or its book value, called intrinsic value, which is Dakota Gold'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 Dakota Gold's market value can be influenced by many factors that don't directly affect Dakota Gold'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 Dakota Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dakota Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dakota Gold'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.