0.18(1.21%) Volume: 2,433,644 1:58PM EST| Market Cap : 15.21 B | Enterprise Value : 12.42 B | P/E (TTM) : 11.50 | P/B : 1.44 |
|---|
NAS:HBAN has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NAS:HBAN has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination for M-Score is as such:
An M-Score of less than -2.22 suggests that the company is not an accounting manipulator.
An M-Score of greater than -2.22 signals that the company is likely an accounting manipulator.
During the past 13 years, the highest Beneish M-Score of Huntington Bancshares was -2.01. The lowest was -3.16. And the median was -2.43.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Huntington Bancshares Quarterly Data | ||||||||||||||||||||
| Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | |
| Beneish M-Score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.45 | -2.34 | -2.43 | -2.42 | -2.40 |
* The bar in red indicates where Huntington Bancshares's Beneish M-Score falls into.
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 Huntington Bancshares 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 * 1 | + | 0.528 * 1 | + | 0.404 * 1.02 | + | 0.892 * 1.0494 | + | 0.115 * 0.9662 | |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
| - | 0.172 * 1.0056 | + | 4.679 * -0.0005 | - | 0.327 * 0.8984 | |||||||
| = | -2.40 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| This Year (Sep19) TTM: | Last Year (Sep18) TTM: |
| Accounts Receivable was $0 Mil. Revenue was 1188 + 1186 + 1141 + 1162 = $4,677 Mil. Gross Profit was 1188 + 1186 + 1141 + 1162 = $4,677 Mil. Total Current Assets was $16,044 Mil. Total Assets was $108,735 Mil. Property, Plant and Equipment(Net PPE) was $775 Mil. Depreciation, Depletion and Amortization(DDA) was $451 Mil. Selling, General, & Admin. Expense(SGA) was $2,043 Mil. Total Current Liabilities was $2,173 Mil. Long-Term Debt & Capital Lease Obligation was $9,874 Mil. Net Income was 372 + 364 + 358 + 334 = $1,428 Mil. Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil. Cash Flow from Operations was 46 + 355 + 497 + 582 = $1,480 Mil. |
Accounts Receivable was $0 Mil. Revenue was 1144 + 1120 + 1084 + 1109 = $4,457 Mil. Gross Profit was 1144 + 1120 + 1084 + 1109 = $4,457 Mil. Total Current Assets was $17,267 Mil. Total Assets was $105,652 Mil. Property, Plant and Equipment(Net PPE) was $827 Mil. (DDA) was $456 Mil. Selling, General, & Admin. Expense(SGA) was $1,936 Mil. Total Current Liabilities was $3,644 Mil. Long-Term Debt & Capital Lease Obligation was $9,385 Mil. |
1. DSRI = Days Sales in Receivables Index
Measured as the ratio of Revenue in Accounts Receivable 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 / 4677) | / | (0 / 4457) | |
| = | 0 | / | 0 | |
| = | 1 |
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) | |
| = | (4457 / 4457) | / | (4677 / 4677) | |
| = | 1 | / | 1 | |
| = | 1 |
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 - (16044 + 775) / 108735) | / | (1 - (17267 + 827) / 105652) | |
| = | 0.84532119 | / | 0.82873964 | |
| = | 1.02 |
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 | |
| = | 4677 | / | 4457 | |
| = | 1.0494 |
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)) |
| = | (456 / (456 + 827)) | / | (451 / (451 + 775)) | |
| = | 0.35541699 | / | 0.36786297 | |
| = | 0.9662 |
6. SGAI = Sales, General and Administrative expenses Index
The ratio of c 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) |
| = | (2043 / 4677) | / | (1936 / 4457) | |
| = | 0.43681847 | / | 0.4343729 | |
| = | 1.0056 |
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$sgai= in leverage
| LVGI | = | ((LTD_t + CurrentLiabilities_t) / TotalAssets_t) | / | ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1) |
| = | ((9874 + 2173) / 108735) | / | ((9385 + 3644) / 105652) | |
| = | 0.11079229 | / | 0.12331996 | |
| = | 0.8984 |
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 | |
| = | (1428 - 0 | - | 1480) | / | 108735 | |
| = | -0.0005 |
An M-Score of less than -2.22 suggests that the company will not be a manipulator. An M-Score of greater than -2.22 signals that the company is likely to be a manipulator.
Huntington Bancshares has a M-score of -2.40 suggests that the company will not be a manipulator.
No Headline
Excel Add-In GURUF
API
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
My Gurus
Email Alerts
Stock PDF
RSS
Website
Filings
Manual of Stocks™ Web APP