Willscot Mobile Mini Stock Beneish M Score

WSC Stock  USD 38.24  0.05  0.13%   
This module uses fundamental data of Willscot Mobile to approximate the value of its Beneish M Score. Willscot Mobile 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 Willscot Mobile Piotroski F Score and Willscot Mobile Altman Z Score analysis.
  
At present, Willscot Mobile's Interest Debt Per Share is projected to decrease significantly based on the last few years of reporting. The current year's Debt To Assets is expected to grow to 1.10, whereas Net Debt is forecasted to decline to about 2 B. At present, Willscot Mobile's PTB Ratio is projected to slightly grow based on the last few years of reporting. The current year's Days Sales Outstanding is expected to grow to 89.03, whereas Book Value Per Share is forecasted to decline to 6.03.
At this time, it appears that Willscot Mobile Mini is an unlikely manipulator. The earnings manipulation may begin if Willscot Mobile'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 Willscot Mobile 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 Willscot Mobile'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.
-3.33
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.21

Focus
Asset Quality

0.0745

Focus
Expense Coverage

1.08

Focus
Gross Margin Strengs

0.62

Focus
Accruals Factor

1.08

Focus
Depreciation Resistance

1.42

Focus
Net Sales Growth

0.52

Focus
Financial Leverage Condition

0.88

Focus

Willscot Mobile 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 Willscot Mobile'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 Receivables282 M451.1 M
Way Down
Slightly volatile
Total Assets3.8 B6.1 B
Way Down
Slightly volatile
Total Current Assets326.4 M569.1 M
Way Down
Slightly volatile
Non Current Assets Total3.5 B5.6 B
Way Down
Slightly volatile
Property Plant Equipment3.7 B3.5 B
Sufficiently Up
Slightly volatile
Depreciation And Amortization243 M338.7 M
Way Down
Slightly volatile
Selling General Administrative332.8 M596.1 M
Way Down
Slightly volatile
Total Current Liabilities346.6 M562 M
Way Down
Slightly volatile
Non Current Liabilities Total2.3 B4.3 B
Way Down
Slightly volatile
Short Term Debt80 M76.2 M
Sufficiently Up
Slightly volatile
Long Term Debt2.2 B3.5 B
Way Down
Slightly volatile
Gross Profit Margin0.350.5641
Way Down
Slightly volatile

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

About Willscot Mobile 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.

Other Operating Expenses

936.61 Million

At present, Willscot Mobile's Other Operating Expenses is projected to increase significantly based on the last few years of reporting.

Willscot Mobile 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 Willscot Mobile. 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 Receivables247.6M330.9M351.3M409.8M451.1M282.0M
Total Revenue1.1B1.4B1.9B2.1B2.4B1.2B
Total Assets2.9B5.6B5.8B5.8B6.1B3.8B
Total Current Assets292.6M419.5M483.0M521.0M569.1M326.4M
Net Debt1.8B2.7B2.9B3.3B3.8B2.0B
Short Term Debt29.1M64.6M53.7M63.8M76.2M80.0M
Long Term Debt1.6B2.5B2.7B3.1B3.5B2.2B
Operating Income117.5M257.8M360.3M511.5M673.5M707.1M
Investments(152.6M)(125.4M)(384.0M)(309.3M)(300.9M)(316.0M)

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

About Willscot Mobile Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Willscot Mobile Mini's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Willscot Mobile using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Willscot Mobile Mini 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 Willscot Mobile Mini offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Willscot Mobile'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 Willscot Mobile Mini Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Willscot Mobile Mini Stock:
Check out Willscot Mobile Piotroski F Score and Willscot Mobile Altman Z Score analysis.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Construction & Engineering 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 Willscot Mobile. If investors know Willscot 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 Willscot Mobile 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
(0.71)
Earnings Share
0.12
Revenue Per Share
12.675
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0592
The market value of Willscot Mobile Mini is measured differently than its book value, which is the value of Willscot that is recorded on the company's balance sheet. Investors also form their own opinion of Willscot Mobile's value that differs from its market value or its book value, called intrinsic value, which is Willscot Mobile'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 Willscot Mobile's market value can be influenced by many factors that don't directly affect Willscot Mobile'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 Willscot Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Willscot Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Willscot Mobile'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.