Kentucky First Federal Stock Beneish M Score

KFFB Stock  USD 2.65  0.04  1.53%   
This module uses fundamental data of Kentucky First to approximate the value of its Beneish M Score. Kentucky First 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 Kentucky First Piotroski F Score and Kentucky First Altman Z Score analysis.
  
The current year's Interest Debt Per Share is expected to grow to 10.15, whereas Net Debt is forecasted to decline to about 28.7 M. At present, Kentucky First's Book Value Per Share is projected to increase slightly based on the last few years of reporting. The current year's Income Quality is expected to grow to 1.42, whereas Price To Sales Ratio is forecasted to decline to 3.37.
At this time, Kentucky First's M Score is unavailable. The earnings manipulation may begin if Kentucky First'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 Kentucky First 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 Kentucky First'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.
-2.8
Beneish M Score - Unavailable
Elasticity of Receivables

0.63

Focus
Asset Quality

1.01

Focus
Expense Coverage

0.86

Focus
Gross Margin Strengs

0.86

Focus
Accruals Factor

0.86

Focus
Depreciation Resistance

0.69

Focus
Net Sales Growth

1.11

Focus
Financial Leverage Condition

1.25

Focus

Kentucky First 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 Kentucky First'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 Receivables816.9 K1.2 M
Way Down
Slightly volatile
Total RevenueM7.2 M
Moderately Up
Pretty Stable
Total Assets293.2 M375 M
Significantly Down
Slightly volatile
Total Current Assets15.3 M18.3 M
Fairly Down
Slightly volatile
Non Current Assets Total374.5 M356.7 M
Sufficiently Up
Slightly volatile
Property Plant Equipment4.1 M5.1 M
Significantly Down
Slightly volatile
Depreciation And Amortization276.8 K234 K
Fairly Up
Slightly volatile
Selling General AdministrativeM5.2 M
Sufficiently Down
Slightly volatile
Total Current Liabilities331.3 M315.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total343.3 M327 M
Sufficiently Up
Slightly volatile
Short Term Debt40.3 M69 M
Way Down
Slightly volatile
Long Term Debt42.1 M69 M
Way Down
Slightly volatile
Short Term Investments667.9 K703 K
Notably Down
Pretty Stable
Long Term Investments9.4 M9.9 M
Notably Down
Slightly volatile
Gross Profit Margin0.770.9
Fairly Down
Pretty Stable

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

About Kentucky First 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

276,781

At present, Kentucky First's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting.

Kentucky First 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 Kentucky First. 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.
201920202021202220232024 (projected)
Net Receivables830K694K649K902K1.2M816.9K
Total Revenue9.7M10.6M9.2M9.2M7.2M8.0M
Total Assets321.1M338.1M328.1M349.0M375.0M293.2M
Total Current Assets17.3M22.6M22.1M8.2M18.3M15.3M
Net Debt38.8M35.0M8.2M61.9M51.4M28.7M
Short Term Debt28.3M23.8M26.7M70.0M69.0M40.3M
Long Term Debt54.7M56.9M34.1M70.1M69.0M42.1M
Operating Income(12.3M)2.2M3.8M1.2M7.2M3.7M
Investments2.7M2.6M(10.1M)(39.5M)(16.6M)(15.8M)

Kentucky First ESG Sustainability

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, Kentucky First's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Kentucky First's managers, analysts, and investors.
Environmental
Governance
Social

About Kentucky First Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Kentucky First Federal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kentucky First using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kentucky First Federal 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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When determining whether Kentucky First Federal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kentucky First's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kentucky First Federal Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kentucky First Federal Stock:
Check out Kentucky First Piotroski F Score and Kentucky First Altman Z Score analysis.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Regional Banks 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 Kentucky First. If investors know Kentucky 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 Kentucky First listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.74)
Earnings Share
(0.19)
Revenue Per Share
0.892
Quarterly Revenue Growth
(0.04)
Return On Assets
(0)
The market value of Kentucky First Federal is measured differently than its book value, which is the value of Kentucky that is recorded on the company's balance sheet. Investors also form their own opinion of Kentucky First's value that differs from its market value or its book value, called intrinsic value, which is Kentucky First'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 Kentucky First's market value can be influenced by many factors that don't directly affect Kentucky First'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 Kentucky First's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kentucky First is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kentucky First'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.