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MDBH (MDB Capital Holdings LLC) Beneish M-Score : -4.70 (As of Mar. 16, 2025)


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What is MDB Capital Holdings LLC Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -4.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for MDB Capital Holdings LLC's Beneish M-Score or its related term are showing as below:

MDBH' s Beneish M-Score Range Over the Past 10 Years
Min: -4.7   Med: -2.21   Max: -0.48
Current: -4.7

During the past 4 years, the highest Beneish M-Score of MDB Capital Holdings LLC was -0.48. The lowest was -4.70. And the median was -2.21.


MDB Capital Holdings LLC Beneish M-Score Historical Data

The historical data trend for MDB Capital Holdings LLC's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MDB Capital Holdings LLC Beneish M-Score Chart

MDB Capital Holdings LLC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Beneish M-Score
- - - -0.48

MDB Capital Holdings LLC Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.48 -1.26 -3.15 -4.70

Competitive Comparison of MDB Capital Holdings LLC's Beneish M-Score

For the Capital Markets subindustry, MDB Capital Holdings LLC's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MDB Capital Holdings LLC's Beneish M-Score Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MDB Capital Holdings LLC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where MDB Capital Holdings LLC's Beneish M-Score falls into.



MDB Capital Holdings LLC Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of MDB Capital Holdings LLC for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 3.3637+0.528 * -0.0197+0.404 * 1.1454+0.892 * 0.2436+0.115 * 0.9339
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 6.6525+4.679 * -0.417117-0.327 * 1.9559
=-4.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Total Receivables was $0.55 Mil.
Revenue was 0 + 1.303 + 0 + 0 = $1.30 Mil.
Gross Profit was -5.171 + -3.821 + -4.893 + -5.444 = $-19.33 Mil.
Total Current Assets was $19.76 Mil.
Total Assets was $34.21 Mil.
Property, Plant and Equipment(Net PPE) was $2.90 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.19 Mil.
Selling, General, & Admin. Expense(SGA) was $6.57 Mil.
Total Current Liabilities was $3.85 Mil.
Long-Term Debt & Capital Lease Obligation was $2.18 Mil.
Net Income was -7.735 + -4.274 + -7.215 + -5.549 = $-24.77 Mil.
Non Operating Income was -0.718 + 0.9 + -0.747 + 0.757 = $0.19 Mil.
Cash Flow from Operations was -2.152 + -4.21 + -2.259 + -2.074 = $-10.70 Mil.
Total Receivables was $0.68 Mil.
Revenue was 0 + 4.233 + 0 + 1.115 = $5.35 Mil.
Gross Profit was -1.338 + 3.259 + -0.872 + 0.512 = $1.56 Mil.
Total Current Assets was $27.68 Mil.
Total Assets was $43.46 Mil.
Property, Plant and Equipment(Net PPE) was $2.97 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.18 Mil.
Selling, General, & Admin. Expense(SGA) was $4.05 Mil.
Total Current Liabilities was $1.71 Mil.
Long-Term Debt & Capital Lease Obligation was $2.21 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0.554 / 1.303) / (0.676 / 5.348)
=0.425173 / 0.126402
=3.3637

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1.561 / 5.348) / (-19.329 / 1.303)
=0.291885 / -14.834229
=-0.0197

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (19.764 + 2.898) / 34.211) / (1 - (27.684 + 2.969) / 43.463)
=0.337581 / 0.294733
=1.1454

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1.303 / 5.348
=0.2436

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.181 / (0.181 + 2.969)) / (0.19 / (0.19 + 2.898))
=0.05746 / 0.061528
=0.9339

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(6.566 / 1.303) / (4.051 / 5.348)
=5.03914 / 0.757479
=6.6525

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((2.182 + 3.847) / 34.211) / ((2.21 + 1.706) / 43.463)
=0.17623 / 0.0901
=1.9559

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-24.773 - 0.192 - -10.695) / 34.211
=-0.417117

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

MDB Capital Holdings LLC has a M-score of -4.70 suggests that the company is unlikely to be a manipulator.


MDB Capital Holdings LLC Beneish M-Score Related Terms

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MDB Capital Holdings LLC Business Description

Traded in Other Exchanges
N/A
Address
14135 Midway Road, Suite G-150, Addison, TX, USA, 75001
MDB Capital Holdings LLC is an investment holding company that operates through its subsidiaries focuses on early-stage technology companies through public offerings. The company's purpose is to engage with companies holding visionary technology, inventors, and technology entrepreneurs. The Company operates in two reportable segments: a broker dealer & intellectual property service, and the technology development segment. The broker dealer & intellectual property service segment which derives key revenue, is engaged in conducting private and public securities offerings and offers in-depth patent research used for investment banking due diligence.
Executives
Anthony Digiandomenico director, 10 percent owner, officer: Chief of Transactions 3600 GREEN COURT, SUITE 350, ANN ARBOR MI 48105
Jeremy William James officer: Chief Accounting Officer 4785 GLEN HEATHER DRIVE, FRISCO TX 75034
Christopher A Marlett director, 10 percent owner, officer: CEO 100 WILSHIRE BLVD, SANTA MONICA CA 90401
Matthew Hayden director 9734 ANCHOR DRIVE, LONGS SC 29568
Sean James Magennis director 5109 W. PURDUE AVE, DALLAS TX 75209
Mohammad Hayat director, officer: Chief Entrepreneurship & Ops 750 ROYAL OAKS DRIVE,, SUITE 106, MONROVIA CA 91016
George Hugh Brandon director, officer: President 859 SOUTHERN SHORE DR, PEACHTREE CITY GA 30269
Susanne Meline director P.O. BOX 515381, #86506, LOS ANGELES CA 90051