Perrigo Company plc (PRGO) — RQD Stock Rating Cockpit

The per the Roarable RQD rating, PRGO scores 49 out of 100, grade D, labeled "Roarable Sell — Underperform / Distribution Warning." Pillar breakdown:

• Fundamental Cash Engine: 8 / 20. Driven by ROIC of -13.6% and an FCF yield of 6.58%. The cash-yield figure is a supportive element, but negative ROIC indicates capital is not being earned at a return above zero.
• Whale 13F Flow: 15 / 20. Scored on institutional accumulation and options positioning. This is the strongest pillar, indicating some institutional interest, though the source data does not itemize the holders behind it.
• Insider Conviction: 9 / 20. Scored on SEC Form 4 and Congressional PTR cluster flow. The pillar is below midpoint, indicating insider activity does not provide meaningful conviction support.
• Macro Regime Fit: 12 / 20. Beta of 1.0 and sector sensitivity. Market-level volatility is neutral relative to the broad market.
• Forensic Balance Sheet: 5 / 20. Altman Z of 0.2, Piotroski F of 5/9, Debt/Equity of 1.23. This is the weakest pillar and the primary driver of the low overall score; the Altman Z-Score sits in a distress-range value per the source data's scoring.

For a prospective investor, the upside case rests on the FCF yield and the institutional flow pillar; the downside case rests on negative operating and net margins, negative ROIC, a weak balance sheet pillar, and the distribution-warning verdict. Valuation appears inexpensive on the surface (dividend yield of 7.22%), but the source data does not provide earnings-based multiples, so valuation tradeoffs cannot be measured against earnings. Leverage is the central tradeoff: the cash yield and dividend yield are being offset by a balance sheet pillar scoring 5 / 20.

Per the market data, gross margin is 35.1%, operating margin is -26.4%, and net margin is -33.5%. ROIC is -13.6%. Per the Roarable RQD rating, the Altman Z-Score is 0.2, the Piotroski F-Score is 5/9, and Debt/Equity is 1.23. Reported revenue declined across the three periods, and operating income moved from positive in FY 2023 and FY 2024 to negative in FY 2025. The balance sheet shows reported debt of $3603.6M against cash that is available only for FY 2024 ($558.8M).

Per the recent news wire, six items reference PRGO. Headlines include a Seeking Alpha piece titled "Perrigo: Cheap Valuation Overshadowed By Heavy Debt," a Yahoo Finance stock forecast item, an Investing.com item tagged as a CATALYST describing a 62% stock move following an InvestingPro Fair Value call, a Globe and Mail analyst picks item, a MarketBeat item reporting a 4.5% price rise, and a second Seeking Alpha item titled "Perrigo: A Sale, But Not Necessarily A Good One." The only item flagged GREEN is the Investing.com catalyst; the remaining items are YELLOW market-wire items. The butterfly supply-chain graph reports no supply chain links and no proprietary signals. Risk watch items per the news wire center on the debt burden referenced in the headlines.

• What is the composition of the debt in the $3603.6M figure, including maturity schedule and interest cost? The source data does not break this down.
• What drove the FY 2025 swing to a $-1425.4M net loss and $-1122.2M operating loss, and is it recurring or one-time?
• What is the FY 2025 cash balance? The source lists cash as N/A for FY 2025 and FY 2023.
• What are the EPS figures for any period? All reported EPS values are N/A.
• Who are the institutional and insider holders behind the whale-flow and insider pillar scores? The holders section is empty.