Matthews International Corporat — Earnings Quality Grade F
MATW · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 32 days, change -9 days YoY
AR growth -35.5% vs revenue growth -16.6%
Revenue -16.6%, CFFO -129.7%. Cash follows revenue
Expense Quality
Inventory -14.7% vs COGS -21.8%. Normal
CapEx growth -20.8% vs revenue -16.6%. Normal
SG&A/Gross Profit = 92.0%, exceeds 70%
Gross margin 33.9%, change +4.4pp. Stable
Cash Flow Quality
CFFO/NI = 0.96. Profits backed by cash
FCF is negative ($-0.1B)
Accruals ratio = -0.1%. Low accruals
Cash $0.0B covers only 4% of debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 123% of equity. Over 50%
Debt/EBITDA = 5.1x (>4x). Interest coverage = 0.3x (<2x). Financial stress
Other assets -0.8% vs revenue -16.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -28% YoY. Normal
Manipulation Score
M-Score = -2.86 (< -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