Mobilicom Limited Warrants Stock Beneish M Score

MOBBW Stock  USD 0.29  0.03  9.38%   
This module uses fundamental data of Mobilicom Limited to approximate the value of its Beneish M Score. Mobilicom Limited 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
  
Net Debt To EBITDA is likely to climb to 2.23 in 2025, whereas Net Debt is likely to drop (11 M) in 2025. At this time, Mobilicom Limited's Net Debt To EBITDA is fairly stable compared to the past year. Current Ratio is likely to climb to 7.56 in 2025, whereas Free Cash Flow Yield is likely to drop (0.43) in 2025.
At this time, it appears that Mobilicom Limited is an unlikely manipulator. The earnings manipulation may begin if Mobilicom Limited'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 Mobilicom Limited 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 Mobilicom Limited'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.
-3.92
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.22

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.86

Focus
Gross Margin Strengs

1.15

Focus
Accruals Factor

0.86

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.78

Focus
Financial Leverage Condition

1.71

Focus

Mobilicom Limited 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 Mobilicom Limited'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 Receivables1.6 M1.6 M
Notably Down
Pretty Stable
Total RevenueM3.8 M
Significantly Down
Slightly volatile
Total Assets11.3 M18.3 M
Way Down
Pretty Stable
Total Current Assets10.7 M17.4 M
Way Down
Pretty Stable
Non Current Assets Total587.7 K909.3 K
Way Down
Slightly volatile
Depreciation And Amortization497.6 K473.9 K
Sufficiently Up
Slightly volatile
Selling General Administrative3.4 M5.1 M
Way Down
Slightly volatile
Total Current Liabilities4.8 M4.6 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total891.2 K732.7 K
Fairly Up
Slightly volatile
Short Term Debt320.4 K376.1 K
Fairly Down
Slightly volatile
Gross Profit Margin0.680.5888
Fairly Up
Slightly volatile

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

About Mobilicom Limited 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

497,602

At this time, Mobilicom Limited's Depreciation And Amortization is fairly stable compared to the past year.

Mobilicom Limited 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 Mobilicom Limited. 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 Receivables385.2K695.5K828.4M1.4M1.6M1.6M
Total Revenue2.1M3.6M2.3M3.3M3.8M3.0M
Total Assets4.6M5.9M21.2M15.9M18.3M11.3M
Total Current Assets3.7M5.2M20.6M15.1M17.4M10.7M
Non Current Assets Total913.9K762.8K562.7K790.7K909.3K587.7K
Depreciation And Amortization118.3K95.3K375.5K412.1K473.9K497.6K
Selling General Administrative3.8M1.6M2.8M5.7M5.1M3.4M
Total Current Liabilities1.3M1.5M3.0M4.0M4.6M4.8M
Non Current Liabilities Total1.3M1.2M305.1K637.1K732.7K891.2K
Net Debt(1.6M)(3.4M)(18.5M)(11.6M)(10.4M)(11.0M)
Short Term Debt271.3K305.4K333.9K327.0K376.1K320.4K
Operating Income(2.6M)(2.8M)(1.6M)(7.2M)(8.3M)(8.7M)
Total Cash From Operating Activities(2.2M)(3.6M)4.5B(6.2M)(7.1M)(6.8M)
Investments0.0(30.5K)(26.6K)(1.5K)(1.7K)(1.8K)
Gross Profit Margin0.640.520.550.630.590.68

About Mobilicom Limited Fundamental Analysis

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

When running Mobilicom Limited's price analysis, check to measure Mobilicom Limited's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mobilicom Limited is operating at the current time. Most of Mobilicom Limited's value examination focuses on studying past and present price action to predict the probability of Mobilicom Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mobilicom Limited's price. Additionally, you may evaluate how the addition of Mobilicom Limited to your portfolios can decrease your overall portfolio volatility.