Pollard Banknote Limited Stock Beneish M Score

PBL Stock  CAD 26.02  0.17  0.65%   
This module uses fundamental data of Pollard Banknote to approximate the value of its Beneish M Score. Pollard Banknote 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pollard Banknote Limited. 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, Pollard Banknote's Debt Ratio is very stable compared to the past year. As of the 2nd of March 2025, Cash Flow To Debt Ratio is likely to grow to 0.45, while Short and Long Term Debt Total is likely to drop about 110.6 M. At this time, Pollard Banknote's Net Income Per Share is very stable compared to the past year. As of the 2nd of March 2025, Payables Turnover is likely to grow to 7.56, while Price To Sales Ratio is likely to drop 1.81.
At this time, Pollard Banknote's M Score is inapplicable. The earnings manipulation may begin if Pollard Banknote'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 Pollard Banknote 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 Pollard Banknote'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.
-2.43
Beneish M Score - Inapplicable
Elasticity of Receivables

1.0

Focus
Asset Quality

1.13

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.16

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.74

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.8

Focus

Pollard Banknote 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 Pollard Banknote'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 Receivables102.9 M98 M
Sufficiently Up
Slightly volatile
Total Revenue628.4 M598.5 M
Sufficiently Up
Slightly volatile
Total Assets622.7 M593.1 M
Sufficiently Up
Slightly volatile
Total Current Assets221.2 M210.7 M
Sufficiently Up
Slightly volatile
Non Current Assets Total401.5 M382.4 M
Sufficiently Up
Slightly volatile
Property Plant Equipment75.5 M115.7 M
Way Down
Slightly volatile
Depreciation And Amortization54.3 M51.7 M
Sufficiently Up
Slightly volatile
Selling General Administrative70.4 M67 M
Sufficiently Up
Slightly volatile
Total Current Liabilities122.5 M116.6 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total129.1 M160.4 M
Significantly Down
Slightly volatile
Net Debt104.5 M154 M
Way Down
Slightly volatile
Short Term Debt6.5 M4.2 M
Way Up
Slightly volatile
Long Term Debt113 M137.6 M
Significantly Down
Slightly volatile
Operating Income55.6 M52.9 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities78 M74.3 M
Sufficiently Up
Slightly volatile
Short Term Investments47.9 K50.4 K
Notably Down
Slightly volatile
Long Term Investments744.8 K595.7 K
Significantly Up
Slightly volatile
Gross Profit Margin0.220.19
Fairly Up
Very volatile

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

About Pollard Banknote 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

54.33 Million

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

Pollard Banknote 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 Pollard Banknote. 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 Receivables65.2M77.8M84.2M85.2M98.0M102.9M
Total Revenue414.1M459.0M482.3M520.4M598.5M628.4M
Total Assets404.6M461.4M499.3M515.7M593.1M622.7M
Total Current Assets140.6M153.2M184.9M183.2M210.7M221.2M
Net Debt146.1M128.2M133.8M133.9M154.0M104.5M
Short Term Debt5.1M6.2M6.1M4.7M4.2M6.5M
Long Term Debt131.1M115.1M121.7M119.7M137.6M113.0M
Operating Income50.0M33.5M34.2M46.0M52.9M55.6M
Investments1.9M12.6M(24.6M)(52.1M)(46.9M)(44.5M)

About Pollard Banknote Fundamental Analysis

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

Other Information on Investing in Pollard Stock

Pollard Banknote financial ratios help investors to determine whether Pollard 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 Pollard with respect to the benefits of owning Pollard Banknote security.