AMC Entertainment Holdings, Inc — Earnings Quality Grade F
AMC · Communication Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 7 days, change +0 days YoY
AR growth 10.6% exceeds revenue growth 4.6%
Revenue 4.6%, CFFO -135.8%. Cash follows revenue
Expense Quality
Inventory -16.8% vs COGS 3.7%. Normal
CapEx growth 0.2% vs revenue 4.6%. Normal
SG&A/Gross Profit = 34.4%. Normal
Gross margin 67.0%, change +0.3pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.4B)
Accruals ratio = -6.4%. Low accruals
Cash $0.4B covers only 5% of debt $8.1B
Balance Sheet Health
Goodwill+Intangibles $2.6B = -135% of equity. Manageable
Debt/EBITDA = 37.7x (>4x). Interest coverage = 0.1x (<2x). Financial stress
Other assets 19.0% vs revenue 4.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -2.66 (< -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