Event-Driven Stocks

Mandiant, Inc.

Technology · Computer Peripheral Equipment, NEC · DE · SEC filings ↗ · Compare ⊕

Signs4 good4 warningdetails ↓

Financials

SEC XBRL · annual
 FY21FY20FY19FY18FY17FY16
Revenue$483.5M$399.7M$331.4M$831.0M$779.6M$706.0M
Operating income−$356.2M−$299.6M−$338.8M−$182.4M−$240.1M−$449.6M
Net income$916.1M−$207.3M−$257.4M−$243.1M−$285.2M−$485.4M
Total assets$3.65B$3.25B$2.89B$2.70B$2.46B$2.38B
Total liabilities$1.70B$2.11B$2.19B$2.05B$1.83B$1.54B
Equity$1.53B$732.9M$701.7M$650.4M$632.2M$710.0M
EPS (diluted)$3.80$-0.95$-1.24
Shares out.238.6M222.6M203.1M191.6M177.5M165.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2021
Operating margin
−73.7%
Net margin
189.5%
Return on equity
59.8%
Return on assets
25.1%
Return on capital (ROCE)
−13.3%
Liabilities / assets
46.6%
Debt / equity
1.11×
Book value / share
$6.42
Revenue growth (YoY)
21.0%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2021
Altman Z″ (distress)
1.17grey zone
Accruals / assets
23.4%high accruals
Beneish M-Score
-0.64elevated
Piotroski F-Score
7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
60
/ 100
Profitability 60Growth 100Catalyst 33Earnings quality 33Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

4 warning4 good
  • Operating losses (negative operating margin)
  • High accruals — earnings-quality risk
  • Beneish M-Score elevated — earnings-manipulation screen flag
  • Altman Z″ in the grey zone
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)