Orion S.A. — Earnings Quality Grade F
OEC · 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 +2 days YoY
AR growth 0.8% vs revenue growth -3.8%
Revenue -3.8%, CFFO 72.2%. Cash follows revenue
Expense Quality
Inventory -4.5% vs COGS -0.1%. Normal
CapEx growth -22.1% vs revenue -3.8%. Normal
SG&A/Gross Profit = 64.1%. Normal
Gross margin 19.9%, change -2.9pp. Stable
Cash Flow Quality
CFFO/NI = -3.08. Below 1.0
FCF $0.1B, FCF/NI = -0.78
Accruals ratio = -15.0%. Low accruals
Cash $0.1B covers only 5% of debt $1.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 25% of equity. Manageable
Debt/EBITDA = 7.0x (>4x). Interest coverage = 1.6x (<2x). Financial stress
Other assets grew 200.0% vs revenue -3.8%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -42% YoY. Normal
Manipulation Score
M-Score = -3.27 (< -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