Pursuit Attractions and Hospita — Earnings Quality Grade F
PRSU · 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 7 days, change -2 days YoY
AR growth -1.3% vs revenue growth 23.4%
Revenue 23.4%, CFFO 51.3%. Cash follows revenue
Expense Quality
Inventory 21.3% vs COGS 11.3%. Normal
CapEx growth 33.4% vs revenue 23.4%. Normal
SG&A/Gross Profit = 19.2%, excellent (<30%)
Gross margin 92.3%, change +0.8pp. Stable
Cash Flow Quality
CFFO/NI = 3.80. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -6.6%. Low accruals
Cash $0.0B covers only 16% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 39% of equity
Debt/EBITDA = 1.8x. Healthy
Insufficient data
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles surged 35% YoY
Manipulation Score
M-Score = -2.85 (< -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