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AEBI

AEBI SCHMIDT HOLDING AG
CIK 0002048519 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
55.7
composite ยท 5 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” 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 โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED50.3

Earnings quality

Beneish M-Score -1.74 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-19) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.739,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.271,
    "GMI": 1.055,
    "AQI": 1.04,
    "SGI": 1.406,
    "DEPI": 1.333,
    "SGAI": 1.031,
    "LVGI": 0.849,
    "TATA": 0
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": 0.0005,
  "inputs": {
    "revenue_t": 1526625000,
    "revenue_t1": 1085958000,
    "total_assets_t": 2008279000,
    "net_income_t": 9739000,
    "cfo_t": 8972000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/0001628280-26-019616-index.htm",
    "form": "10-K",
    "filed": "2026-03-19"
  }
}
P-12 ยท FY 2025-12-31 ยท TRIGGERED76.0

Restatement predictor

F-Score 2.28 โ€” misstatement risk 2.3x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-19) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 2.281,
  "probability": 0.00844,
  "components": {
    "rsst": 0.0005,
    "drec": 0.0884,
    "dinv": 0.0743,
    "soft": 0.8673,
    "dcs": 0.2798,
    "droa": -0.0233,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/0001628280-26-019616-index.htm",
    "form": "10-K",
    "filed": "2026-03-19"
  }
}
P-05 ยท FY 2025-12-31 ยท CLEAN0.0

Tax arbitrage

ETR 13.3% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-19) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.1328,
    "2024-12-31": 0.2623,
    "2023-12-31": 0.3544
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.0772,
    "2024-12-31": -0.0523,
    "2023-12-31": -0.1444
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/0001628280-26-019616-index.htm",
    "form": "10-K",
    "filed": "2026-03-19"
  }
}
P-07 ยท FY 2025-12-31 ยท CLEAN0.0

Pension underfunding

DB plan 126% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-19) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 136648000,
  "plan_assets": 172739000,
  "funded_ratio": 1.2641,
  "deficit": 36091000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/0001628280-26-019616-index.htm",
    "form": "10-K",
    "filed": "2026-03-19"
  }
}
P-13 ยท FY 2025-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 1.75x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-19) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 1.748,
    "2024-12-31": 2.008,
    "2023-12-31": 1.552
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 2.415,
  "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": 73066000,
    "interest_expense_t": 41794000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/0001628280-26-019616-index.htm",
    "form": "10-K",
    "filed": "2026-03-19"
  }
}