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Bpost de Droit Public (Bpost de Droit Public) Altman Z-Score : 1.37 (As of May. 14, 2024)


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What is Bpost de Droit Public Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 1.38 is in distress zone. This implies bankruptcy possibility in the next two years.

Bpost de Droit Public has a Altman Z-Score of 1.37, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Bpost de Droit Public's Altman Z-Score or its related term are showing as below:

BPOSF' s Altman Z-Score Range Over the Past 10 Years
Min: 1.38   Med: 1.85   Max: 4.47
Current: 1.38

During the past 13 years, Bpost de Droit Public's highest Altman Z-Score was 4.47. The lowest was 1.38. And the median was 1.85.


Bpost de Droit Public Altman Z-Score Historical Data

The historical data trend for Bpost de Droit Public's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bpost de Droit Public Altman Z-Score Chart

Bpost de Droit Public Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.46 1.79 1.57 1.43

Bpost de Droit Public Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.56 1.56 1.51 1.43 1.38

Competitive Comparison of Bpost de Droit Public's Altman Z-Score

For the Integrated Freight & Logistics subindustry, Bpost de Droit Public's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bpost de Droit Public's Altman Z-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Bpost de Droit Public's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Bpost de Droit Public's Altman Z-Score falls into.



Bpost de Droit Public Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Bpost de Droit Public's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0673+1.4*0.0101+3.3*0.0375+0.6*0.2271+1.0*1.0195
=1.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2024:
Total Assets was $4,457 Mil.
Total Current Assets was $2,022 Mil.
Total Current Liabilities was $1,722 Mil.
Retained Earnings was $45 Mil.
Pre-Tax Income was 65.435 + 46.783 + -49.733 + 62.839 = $125 Mil.
Interest Expense was -13.587 + 3.599 + -16.329 + -15.601 = $-42 Mil.
Revenue was 1077.065 + 1323.337 + 1040.662 + 1103.142 = $4,544 Mil.
Market Cap (Today) was $744 Mil.
Total Liabilities was $3,276 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(2022.391 - 1722.391)/4457.391
=0.0673

X2=Retained Earnings/Total Assets
=45.217/4457.391
=0.0101

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(125.324 - -41.918)/4457.391
=0.0375

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=744.203/3276.413
=0.2271

X5=Revenue/Total Assets
=4544.206/4457.391
=1.0195

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Bpost de Droit Public has a Altman Z-Score of 1.37 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Bpost de Droit Public  (OTCPK:BPOSF) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Bpost de Droit Public Altman Z-Score Related Terms

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Bpost de Droit Public (Bpost de Droit Public) Business Description

Address
Boulevard Anspach 1, Brussels, BEL, 1000
Bpost SA de Droit Public is a postal services and logistics solutions provider in Belgium. The company has three business units: Belgium, E-Logistics Eurasia and E-Logistics North America.

Bpost de Droit Public (Bpost de Droit Public) Headlines

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