Cooper-Standard Holdings Inc. — Earnings Quality Grade F
CPS · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 45 days, change +3 days YoY
AR growth 7.6% vs revenue growth 0.4%
Revenue 0.4%, CFFO -15.6%. Cash follows revenue
Expense Quality
Inventory 8.3% vs COGS -0.6%. Normal
CapEx growth -4.6% vs revenue 0.4%. Normal
SG&A/Gross Profit = 65.5%. Normal
Gross margin 11.9%, change +0.9pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = -3.90
Accruals ratio = -3.7%. Low accruals
Cash $0.2B covers only 16% of debt $1.2B
Balance Sheet Health
Goodwill+Intangibles $0.2B = -203% of equity. Manageable
Debt/EBITDA = 6.3x (>4x). Interest coverage = 0.9x (<2x). Financial stress
Other assets 13.3% vs revenue 0.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.59 (< -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