Market Cap : 42.49 B | Enterprise Value : 42.36 B | PE Ratio : 42.32 | PB Ratio : 15.96 |
---|
NAS:LULU has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NAS:LULU 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 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 -2.09 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lululemon Athletica's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Lululemon Athletica was 0.66. The lowest was -3.50. And the median was -2.48.
The historical data trend for Lululemon Athletica'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.
For the Apparel Retail subindustry, Lululemon Athletica'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Lululemon Athletica's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lululemon Athletica'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 Lululemon Athletica 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 * 1.0309 | + | 0.528 * 0.9998 | + | 0.404 * 0.9481 | + | 0.892 * 1.335 | + | 0.115 * 0.974 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 0.9689 | + | 4.679 * 0.026 | - | 0.327 * 1.1266 | |||||||
= | -2.09 |
* 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 (Apr22) TTM: | Last Year (Apr21) TTM: |
Total Receivables was $78 Mil. Revenue was 1613.463 + 2129.113 + 1450.421 + 1450.618 = $6,644 Mil. Gross Profit was 870.393 + 1236.172 + 829.393 + 842.686 = $3,779 Mil. Total Current Assets was $2,303 Mil. Total Assets was $4,697 Mil. Property, Plant and Equipment(Net PPE) was $1,795 Mil. Depreciation, Depletion and Amortization(DDA) was $238 Mil. Selling, General, & Admin. Expense(SGA) was $2,336 Mil. Total Current Liabilities was $1,207 Mil. Long-Term Debt & Capital Lease Obligation was $726 Mil. Net Income was 189.998 + 434.504 + 187.788 + 208.074 = $1,020 Mil. Non Operating Income was -0.022 + -1.284 + -24.112 + -8.047 = $-33 Mil. Cash Flow from Operations was -243.256 + 730.984 + 158.352 + 285.663 = $932 Mil. |
Total Receivables was $57 Mil. Revenue was 1226.465 + 1729.549 + 1117.426 + 902.942 = $4,976 Mil. Gross Profit was 700.314 + 1012.734 + 627.354 + 489.501 = $2,830 Mil. Total Current Assets was $2,253 Mil. Total Assets was $4,330 Mil. Property, Plant and Equipment(Net PPE) was $1,494 Mil. Depreciation, Depletion and Amortization(DDA) was $192 Mil. Selling, General, & Admin. Expense(SGA) was $1,806 Mil. Total Current Liabilities was $965 Mil. Long-Term Debt & Capital Lease Obligation was $617 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) |
= | (78.391 / 6643.615) | / | (56.956 / 4976.382) | |
= | 0.01179945 | / | 0.01144526 | |
= | 1.0309 |
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) | |
= | (2829.903 / 4976.382) | / | (3778.644 / 6643.615) | |
= | 0.56866675 | / | 0.56876324 | |
= | 0.9998 |
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 - (2303.24 + 1794.782) / 4697.212) | / | (1 - (2253.452 + 1493.824) / 4329.831) | |
= | 0.1275629 | / | 0.13454451 | |
= | 0.9481 |
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 | |
= | 6643.615 | / | 4976.382 | |
= | 1.335 |
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)) |
= | (192.431 / (192.431 + 1493.824)) | / | (238.191 / (238.191 + 1794.782)) | |
= | 0.11411738 | / | 0.11716388 | |
= | 0.974 |
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) |
= | (2336.251 / 6643.615) | / | (1806.054 / 4976.382) | |
= | 0.35165358 | / | 0.36292511 | |
= | 0.9689 |
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) |
= | ((726.27 + 1206.891) / 4697.212) | / | ((616.917 + 964.814) / 4329.831) | |
= | 0.41155498 | / | 0.3653101 | |
= | 1.1266 |
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 | |
= | (1020.364 - -33.465 | - | 931.743) | / | 4697.212 | |
= | 0.026 |
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.
Lululemon Athletica has a M-score of -2.09 suggests that the company is unlikely to be a manipulator.
Thank you for viewing the detailed overview of Lululemon Athletica's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Neuburger Nicole | officer: Chief Brand Officer | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Loehnis Alison | director | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J1C7 |
Maestrini Andre | officer: EVP, International | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Choe Michelle Sun | officer: Chief Product Officer | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVE VANCOUVER A1 V6J 1C7 |
Burgoyne Celeste | officer: Pres Americas&Global Guest | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVE VANCOUVER A1 V6J 1C7 |
Frank Meghan | officer: Chief Financial Officer | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Gibson Kourtney | director | C/O MARKETAXESS HOLDINGS INC. 55 HUDSON YARDS, 15TH FLOOR NEW YORK NY 10001 |
White Emily | director | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Ferris Stephanie | director | C/O VANTIV, INC. 8500 GOVERNORS HILL DRIVE CINCINNATI OH 45249 |
Murphy Glenn | director | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J1C7 |
Mcneill Jon | director | 45500 FREMONT BLVD FREMONT CA 94538 |
Casey Martin Michael | director | |
Morfitt Martha A M | director | P.O. BOX 1441 MINNEAPOLIS MN 55440-1441 |
Henry Kathryn | director | C/O LULULEMON ATHLETICA, INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Mcdonald Calvin | director, officer: Chief Executive Officer | C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 |
Other Sources
By Fool 2022-04-01
By Fool 2022-03-30
By tipranks.com 2022-03-22
By Fool 2022-04-05
By tipranks.com 2022-03-31
By Zacks 2022-03-24
By Fool 2022-03-21
By Zacks 2022-03-28
By Zacks 2022-03-30
By Fool 2022-03-25
By tipranks.com 2022-03-31
By Zacks 2022-03-22
By Fool 2022-03-29
By Fool 2022-04-01
By Fool 2022-04-05