Amcor plc — Earnings Quality Grade F
AMCR · Consumer Cyclical
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 34 days (49 → 83)
AR outpaced revenue for 2 consecutive years
Revenue 10.0%, CFFO 5.2%. Cash follows revenue
Expense Quality
Inventory growth 70.9% exceeds COGS 11.4%
CapEx growth 17.9% vs revenue 10.0%. Normal
SG&A/Gross Profit = 42.5%. Normal
Gross margin 18.9%, change -1.0pp. Stable
Cash Flow Quality
CFFO/NI = 2.72. Profits backed by cash
FCF $0.8B, FCF/NI = 1.59
Accruals ratio = -2.4%. Low accruals
Cash $0.8B covers only 6% of debt $15.0B
Balance Sheet Health
Goodwill+Intangibles $18.7B = 159% of equity. Over 50%
Debt/EBITDA = 8.5x (>4x). Financial stress
Other assets 14.8% vs revenue 10.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 177% YoY
Manipulation Score
M-Score = -1.64 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10