ASSOCIATED BRITISH FOODS PLC OR

ABF.L

Quality scores

Data as of Sep 19, 2026

4 / 9

Neutral

4/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 5.31 %
PassFCF > 0 — FCF last year = 997.00 mill.
FailFCF > net income (accrual quality) — FCF 997.00 vs. net income 1,025.00 (mill.)
FailRising ROA — ROA 5.31 % vs. prior year 7.65 %

PassLower long-term leverage — long-term debt/assets 0.02 vs. prior 0.02
FailRising current ratio (more liquidity) — Current ratio 1.54 vs. prior 1.78
PassNo dilution (shares do not grow) — Shares 711.51 mill. vs. prior 739.70 mill.

Z-Score (original)

3.21

Safe zone

Z''-Score (non-manufacturing)

7.92

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.11
X2 — Retained earnings / Total assets	0.59
X3 — EBIT / Total assets	0.09
X4 — Market cap / Total liabilities	1.59
X4 — Book equity / Total liabilities	1.36
X5 — Sales / Total assets	1.01