Olaplex Holdings, Inc. — Earnings Quality Grade F
OLPX · 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 increased by 12 days
AR growth 94.3% exceeds revenue growth 0.1%
Revenue 0.1%, CFFO -59.0%. Cash follows revenue
Expense Quality
Inventory -19.9% vs COGS -0.8%. Normal
CapEx growth -59.7% vs revenue 0.1%. Normal
SG&A/Gross Profit = 82.8%, exceeds 70%
Gross margin 69.4%, change +0.3pp. Stable
Cash Flow Quality
CFFO/NI = -6.34. Below 1.0
FCF $0.1B, FCF/NI = -6.13
Accruals ratio = -4.5%. Low accruals
Cash $0.3B covers 90% of debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $1.0B = 116% of equity. Over 50%
Interest coverage = 0.5x (<2x). Financial stress
Other assets 9.6% vs revenue 0.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -1.76 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25