Nitto Denko Corp Stock Beneish M Score

NDEKY Stock  USD 16.32  0.14  0.87%   
This module uses fundamental data of Nitto Denko to approximate the value of its Beneish M Score. Nitto Denko 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, which includes a position in Nitto Denko Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
  
At this time, Nitto Denko's M Score is inapplicable. The earnings manipulation may begin if Nitto Denko'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 Nitto Denko 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 Nitto Denko'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
Elasticity of Receivables

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Focus
Asset Quality

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Expense Coverage

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Gross Margin Strengs

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Accruals Factor

N/A

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Depreciation Resistance

N/A

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Net Sales Growth

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Financial Leverage Condition

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Focus

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About Nitto Denko Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nitto Denko Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nitto Denko using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nitto Denko 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.
Please read more on our fundamental analysis page.

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Additional Tools for Nitto Pink Sheet Analysis

When running Nitto Denko's price analysis, check to measure Nitto Denko'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 Nitto Denko is operating at the current time. Most of Nitto Denko's value examination focuses on studying past and present price action to predict the probability of Nitto Denko's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitto Denko's price. Additionally, you may evaluate how the addition of Nitto Denko to your portfolios can decrease your overall portfolio volatility.