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CIK 1660690

Versum Materials, Inc.
CIK 0001660690 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
58.2
composite · 5 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-07 · FY 2018-09-30 · TRIGGERED81.2

Pension underfunding

DB plan 26% funded — -$20M deficit (11% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-11-21) ↗
Evidence — inputs and thresholds
{
  "benefit_obligation": 27100000,
  "plan_assets": 7100000,
  "funded_ratio": 0.262,
  "deficit": -20000000,
  "deficit_vs_equity": 0.112,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2018-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660690/000166069018000165/0001660690-18-000165-index.htm",
    "form": "10-K",
    "filed": "2018-11-21"
  }
}
P-01 · FY 2018-09-30 · CLEAN28.4

Earnings quality

Beneish M-Score -2.51 — no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-11-21) ↗
Evidence — inputs and thresholds
{
  "m_score": -2.508,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.042,
    "GMI": 1.022,
    "AQI": 0.774,
    "SGI": 1.218,
    "DEPI": 1.097,
    "SGAI": 0.935,
    "LVGI": 0.854,
    "TATA": -0.054
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0585,
  "inputs": {
    "revenue_t": 1372300000,
    "revenue_t1": 1126900000,
    "total_assets_t": 1505300000,
    "net_income_t": 197500000,
    "cfo_t": 278300000
  },
  "stale": false,
  "latest_filing_period": "2018-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660690/000166069018000165/0001660690-18-000165-index.htm",
    "form": "10-K",
    "filed": "2018-11-21"
  }
}
P-05 · FY 2018-09-30 · CLEAN0.0

Tax arbitrage

ETR 36.7% — within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-11-21) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2018-09-30": 0.3674,
    "2017-09-30": 0.2093,
    "2016-09-30": 0.213
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2018-09-30": -0.1574,
    "2017-09-30": 0.0007,
    "2016-09-30": -0.003
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2018-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660690/000166069018000165/0001660690-18-000165-index.htm",
    "form": "10-K",
    "filed": "2018-11-21"
  }
}
P-12 · FY 2018-09-30 · CLEAN9.3

Restatement predictor

F-Score 0.28 — at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-11-21) ↗
Evidence — inputs and thresholds
{
  "f_score": 0.278,
  "probability": 0.00103,
  "components": {
    "rsst": -0.0585,
    "drec": 0.0283,
    "dinv": 0.0121,
    "soft": 0.4653,
    "dcs": 0.1831,
    "droa": -0.0227,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660690/000166069018000165/0001660690-18-000165-index.htm",
    "form": "10-K",
    "filed": "2018-11-21"
  }
}
P-13 · FY 2018-09-30 · CLEAN0.0

Zombie / distress

Interest coverage 7.74x — servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-11-21) ↗
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2018-09-30": 7.743,
    "2017-09-30": 6.342,
    "2016-09-30": 690.5,
    "2015-09-30": 2220
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 4.717,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 374000000,
    "interest_expense_t": 48300000
  },
  "stale": false,
  "latest_filing_period": "2018-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660690/000166069018000165/0001660690-18-000165-index.htm",
    "form": "10-K",
    "filed": "2018-11-21"
  }
}