Forafric Global PLC — Earnings Quality Grade F
AFRI · Consumer Defensive
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 24 days, change -18 days YoY
AR growth -48.2% vs revenue growth -9.2%
Revenue -9.2%, CFFO -29.6%. Cash follows revenue
Expense Quality
Inventory -46.4% vs COGS -9.7%. Normal
CapEx growth -79.0% vs revenue -9.2%. Normal
SG&A/Gross Profit = 128.4%, exceeds 70%
Gross margin 10.0%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = -0.96. Below 1.0
FCF $0.0B, FCF/NI = -0.88
Accruals ratio = -19.4%. Low accruals
Cash $0.0B covers only 7% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.0B = -2827% of equity. Manageable
Interest coverage = -0.6x (<2x). Financial stress
Other assets -81.2% vs revenue -9.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -4.02 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25