National Development Bank Stock Beneish M Score
NDBN0000 | LKR 117.50 0.75 0.64% |
National |
At this time, National Development's M Score is inapplicable. The earnings manipulation may begin if National Development'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 National Development 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 National Development'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
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About National Development Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze National Development Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Development using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Development Bank 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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National Development financial ratios help investors to determine whether National Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in National with respect to the benefits of owning National Development security.