Ardagh Metal Packaging S.A. — Earnings Quality Grade F
AMBP · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 23 days, change +7 days YoY
AR outpaced revenue for 2 consecutive years
Revenue grew 12.0% but CFFO declined -0.2%
Expense Quality
Inventory growth 33.2% exceeds COGS 12.6%
CapEx growth -1.6% vs revenue 12.0%. Normal
SG&A/Gross Profit = 43.9%. Normal
Gross margin 12.4%, change -0.4pp. Stable
Cash Flow Quality
CFFO far exceeds NI (ratio 40.8x). Non-cash charges depressing profits
FCF $0.3B, FCF/NI = 24.09
Accruals ratio = -7.7%. Low accruals
Cash $0.5B covers only 12% of debt $4.4B
Balance Sheet Health
Goodwill+Intangibles $1.2B = -173% of equity. Manageable
Debt/EBITDA = 6.8x (>4x). Interest coverage = 1.3x (<2x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.39 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25