Canada Goose Holdings Stock Beneish M Score

GOOS Stock  CAD 11.87  0.29  2.38%   
This module uses fundamental data of Canada Goose to approximate the value of its Beneish M Score. Canada Goose 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 Canada Goose Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Canada Goose's Net Debt is very stable compared to the past year. As of the 22nd of March 2025, Interest Debt Per Share is likely to grow to 7.23, while Short and Long Term Debt Total is likely to drop about 419.1 M. At this time, Canada Goose's Interest Coverage is very stable compared to the past year. As of the 22nd of March 2025, Income Quality is likely to grow to 2.66, while Price To Sales Ratio is likely to drop 1.38.
At this time, Canada Goose's M Score is inapplicable. The earnings manipulation may begin if Canada Goose'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 Canada Goose 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 Canada Goose'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.
-2.76
Beneish M Score - Inapplicable
Elasticity of Receivables

2.01

Focus
Asset Quality

0.0489

Focus
Expense Coverage

2.01

Focus
Gross Margin Strengs

0.74

Focus
Accruals Factor

2.01

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

0.52

Focus
Financial Leverage Condition

1.46

Focus

Canada Goose 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 Canada Goose'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 Receivables118.8 M113.2 M
Sufficiently Up
Slightly volatile
Total Revenue799.8 M1.5 B
Way Down
Slightly volatile
Total AssetsB1.7 B
Way Down
Slightly volatile
Total Current Assets540.5 M851.9 M
Way Down
Slightly volatile
Non Current Assets Total484.1 M851.9 M
Way Down
Slightly volatile
Property Plant Equipment540.7 M515 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization152.1 M144.9 M
Sufficiently Up
Slightly volatile
Selling General Administrative957.4 M911.8 M
Sufficiently Up
Slightly volatile
Total Current Liabilities200.3 M356.4 M
Way Down
Slightly volatile
Non Current Liabilities Total439.9 M860.4 M
Way Down
Slightly volatile
Net Debt704.6 M671 M
Sufficiently Up
Slightly volatile
Long Term Debt258.4 M446.8 M
Way Down
Slightly volatile
Operating Income117.5 M143.2 M
Significantly Down
Slightly volatile
Short Term InvestmentsM2.5 M
Significantly Down
Slightly volatile
Gross Profit Margin0.460.62
Way Down
Slightly volatile

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

About Canada Goose 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

152.15 Million

At this time, Canada Goose's Depreciation And Amortization is very stable compared to the past year.

Canada Goose 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 Canada Goose. 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.
202020212022202320242025 (projected)
Net Receivables45.7M43.8M51.8M98.4M113.2M118.8M
Total Revenue903.7M1.1B1.2B1.3B1.5B799.8M
Total Assets1.5B1.3B1.6B1.5B1.7B1.0B
Total Current Assets896.9M762.3M863.2M740.8M851.9M540.5M
Net Debt144.7M333M467.5M583.5M671.0M704.6M
Short Term Debt45.2M62.3M103.7M89.3M102.7M68.4M
Long Term Debt367.8M366.2M391.6M388.5M446.8M258.4M
Operating Income116.9M156.7M135.5M124.5M143.2M117.5M
Investments(32M)(37.2M)(45.3M)(72.4M)(65.2M)(68.4M)

About Canada Goose Fundamental Analysis

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

Pair Trading with Canada Goose

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canada Goose position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canada Goose will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canada Stock

  0.78RY Royal BankPairCorr

Moving against Canada Stock

  0.67PPL Pembina Pipeline CorpPairCorr
  0.46DOL DollaramaPairCorr
The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canada Goose - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canada Goose Holdings to buy it.
The correlation of Canada Goose is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canada Goose can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canada Goose Holdings is a strong investment it is important to analyze Canada Goose'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 Canada Goose's future performance. For an informed investment choice regarding Canada Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Please note, there is a significant difference between Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.