Huntington Bancshares Incorporated Stock Beneish M Score

HBAN Stock  USD 13.55  0.03  0.22%   
This module uses fundamental data of Huntington Bancshares to approximate the value of its Beneish M Score. Huntington Bancshares 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 Huntington Bancshares Piotroski F Score and Huntington Bancshares Altman Z Score analysis.
  
At this time, Huntington Bancshares' Interest Debt Per Share is very stable compared to the past year. As of the 29th of April 2024, Total Debt To Capitalization is likely to grow to 0.66, while Short and Long Term Debt Total is likely to drop about 7.3 B. At this time, Huntington Bancshares' POCF Ratio is very stable compared to the past year. As of the 29th of April 2024, ROE is likely to grow to 0.11, while Price To Sales Ratio is likely to drop 2.18.
At this time, it appears that Huntington Bancshares is an unlikely manipulator. The earnings manipulation may begin if Huntington Bancshares' 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 Huntington Bancshares 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 Huntington Bancshares' 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.
-2.41
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

1.0

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.05

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.77

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.9

Focus

Huntington Bancshares 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 Huntington Bancshares' 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 Receivables7.2 B6.8 B
Sufficiently Up
Slightly volatile
Total Revenue7.7 B7.4 B
Sufficiently Up
Slightly volatile
Total Assets198.8 B189.4 B
Sufficiently Up
Slightly volatile
Total Current Assets28.2 B26.9 B
Sufficiently Up
Slightly volatile
Non Current Assets Total11.9 B7.3 B
Way Up
Pretty Stable
Property Plant Equipment640.7 MB
Way Down
Slightly volatile
Depreciation And Amortization837.9 M798 M
Sufficiently Up
Slightly volatile
Selling General AdministrativeB2.8 B
Sufficiently Up
Slightly volatile
Total Current Liabilities589 M620 M
Notably Down
Pretty Stable
Non Current Liabilities Total177.8 B169.3 B
Sufficiently Up
Slightly volatile
Net DebtB2.1 B
Notably Down
Very volatile
Short Term Debt1.9 MM
Notably Down
Pretty Stable
Long Term Debt6.3 B12.4 B
Way Down
Slightly volatile
Operating Income2.5 B2.4 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities2.8 B2.7 B
Sufficiently Up
Slightly volatile
Short Term Investments3.2 B3.4 B
Notably Down
Slightly volatile
Long Term Investments69 B41.2 B
Way Up
Slightly volatile
Gross Profit Margin1.271.2114
Sufficiently Up
Slightly volatile

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

About Huntington Bancshares 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

837.9 Million

At this time, Huntington Bancshares' Depreciation And Amortization is very stable compared to the past year.

Huntington Bancshares 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, Huntington Bancshares' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Huntington Bancshares' managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Huntington Bancshares Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Huntington Bancshares Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Huntington Bancshares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Huntington Bancshares Incorporated 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 Huntington Bancshares is a strong investment it is important to analyze Huntington Bancshares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Huntington Bancshares' future performance. For an informed investment choice regarding Huntington Stock, refer to the following important reports:
Check out Huntington Bancshares Piotroski F Score and Huntington Bancshares Altman Z Score analysis.
Note that the Huntington Bancshares information on this page should be used as a complementary analysis to other Huntington Bancshares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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Is Huntington Bancshares' industry 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 Huntington Bancshares. If investors know Huntington 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 Huntington Bancshares 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
(0.33)
Dividend Share
0.62
Earnings Share
1.11
Revenue Per Share
4.667
Quarterly Revenue Growth
(0.10)
The market value of Huntington Bancshares is measured differently than its book value, which is the value of Huntington that is recorded on the company's balance sheet. Investors also form their own opinion of Huntington Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Huntington Bancshares' 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 Huntington Bancshares' market value can be influenced by many factors that don't directly affect Huntington Bancshares' 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 Huntington Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Huntington Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntington Bancshares' 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.