Kaiser Aluminum Corporation — Earnings Quality Grade F
KALU · Basic Materials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 43 days, change +4 days YoY
AR outpaced revenue for 2 consecutive years
Revenue grew 11.5% but CFFO declined -33.3%
Expense Quality
Inventory 20.5% vs COGS 9.9%. Normal
CapEx growth -24.3% vs revenue 11.5%. Normal
SG&A/Gross Profit = 29.2%, excellent (<30%)
Gross margin 13.1%, change +1.3pp. Stable
Cash Flow Quality
CFFO/NI = 0.99. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = 0.0%. Low accruals
Cash $0.0B covers only 1% of debt $1.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 7% of equity. Manageable
Debt/EBITDA = 3.4x. Healthy
Other assets -3.9% vs revenue 11.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -7% YoY. Normal
Manipulation Score
M-Score = -2.37 (< -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