Forensic Analysis · Consumer Staples / Food & Beverage · as of Jun 27, 2026
Agencia Comercial Spirits Ltd. (AGCC)
A forensic read on Agencia Comercial Spirits Ltd. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality compounder
Forensic grade
Safe
Financial health
3.3
Altman Z-score
Watch
Earnings quality
3
Forensic signals
$567M
Market cap
Agencia Comercial Spirits Ltd. earns a A (High-quality compounder) forensic quality grade, and its Altman Z-score is 3.3, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
-4.92×Cash conversion.Over FY2023–FY2025, operating cash flow was -4.92× cumulative net income. Reported profit is not turning into cash — a classic earnings-quality warning.
235d DSOReceivables vs revenue.Days sales outstanding moved from 103 to 235 days FY2024→FY2025 (receivables +456% vs revenue +145%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
+13.7%/yrShare-count dilution.Diluted share count changed +27% over the last 2 years to FY2025 (+13.7%/yr). The count is GROWING — existing holders are being diluted. That's ~13.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~27%.
Key fundamentals
Net Margin9.8%
Debt / Equity0.00x
Latest Revenue$6.2M
Return on Equity6.2%
Revenue Growth YoY+144.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Agencia Comercial Spirits Ltd.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about AGCC's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown