Super Group (SGHC) Limited — Earnings Quality Grade B
SGHC · Consumer Cyclical
Generally healthy
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 2 days, change -25 days YoY
AR growth -89.9% vs revenue growth 21.6%
Revenue 21.6%, CFFO 17.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 8.2% vs revenue 21.6%. Normal
SG&A/Gross Profit = 54.1%. Normal
Gross margin 52.8%, change +3.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.66. Profits backed by cash
FCF $0.2B, FCF/NI = 1.11
Accruals ratio = -11.3%. Low accruals
Cash $0.5B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 45% of equity
Debt/EBITDA = 0.2x. Healthy
Other assets 21.4% vs revenue 21.6%. Normal
Write-offs up 70% YoY
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -7% YoY. Normal
Manipulation Score
M-Score = -3.66 (< -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