VERO has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
VERO has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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 -3.69 is in distress zone. This implies bankruptcy possibility in the next two years.
Venus Concept has a Altman Z-Score of -3.69, 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 Venus Concept's Altman Z-Score or its related term are showing as below:
During the past 9 years, Venus Concept's highest Altman Z-Score was 0.12. The lowest was -9.70. And the median was -2.20.
The historical data trend for Venus Concept'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.
Venus Concept Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Altman Z-Score | Get a 7-Day Free Trial | 0.12 | -1.30 | -0.17 | -2.20 | -3.68 |
Venus Concept Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Altman Z-Score | Get a 7-Day Free Trial | -2.20 | -2.72 | -2.98 | -3.12 | -3.68 |
For the Medical Devices subindustry, Venus Concept'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.
For the Medical Devices & Instruments industry and Healthcare sector, Venus Concept's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Venus Concept's Altman Z-Score falls into.
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.
Venus Concept'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 | * | 0.3768 | + | 1.4 | * | -2.7965 | + | 3.3 | * | -0.3228 | + | 0.6 | * | 0.0404 | + | 1.0 | * | 0.8153 | |
= | -3.69 |
* 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 Dec. 2023:
Total Assets was $93.65 Mil.
Total Current Assets was $66.45 Mil.
Total Current Liabilities was $31.16 Mil.
Retained Earnings was $-261.90 Mil.
Pre-Tax Income was -11.324 + -9.277 + -7.132 + -9.388 = $-37.12 Mil.
Interest Expense was -2.227 + -1.605 + -1.553 + -1.508 = $-6.89 Mil.
Revenue was 18.132 + 17.616 + 20.075 + 20.531 = $76.35 Mil.
Market Cap (Today) was $4.32 Mil.
Total Liabilities was $107.10 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 | |
= | (66.446 - 31.159) | / | 93.654 | |
= | 0.3768 |
X2 | = | Retained Earnings | / | Total Assets |
= | -261.903 | / | 93.654 | |
= | -2.7965 |
X3 | = | Earnings Before Interest and Taxes | / | Total Assets |
= | (Pre-Tax Income - Interest Expense) | / | Total Assets | |
= | (-37.121 - -6.893) | / | 93.654 | |
= | -0.3228 |
X4 | = | Market Value Equity | / | Book Value of Total Liabilities |
= | Market Cap | / | Total Liabilities | |
= | 4.322 | / | 107.103 | |
= | 0.0404 |
X5 | = | Revenue | / | Total Assets |
= | 76.354 | / | 93.654 | |
= | 0.8153 |
The zones of discrimination were as such:
Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones
Venus Concept has a Altman Z-Score of -3.69 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.
Venus Concept (NAS:VERO) 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.
Thank you for viewing the detailed overview of Venus Concept's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Natale | director | 235 YORKLAND BLVD., SUITE 900, TORONTO A6 M2J 4Y8 |
Ross Portaro | officer: President Global Sales | 235 YORKLAND BLVD, SUITE 900, TORONTO Z4 M2J 4Y8 |
Michael Willingham Masters | 10 percent owner | 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Silva Rajiv De | director, officer: Chief Executive Officer | 1400 ATWATER DRIVE, MALVERN PA 19355 |
Stanley Tyler Hollmig | director | 235 YORKLAND BLVD, SUITE 900, TORONTO Z4 M2J 4Y8 |
Hemanth Jacob Varghese | officer: President/Chief Bus. Officer | 330 JOICEY BOULEVARD, TORONTO A6 M5M2W1 |
Marlin Fund, Limited Partnership | 10 percent owner | MASTERS CAPITAL MANAGEMENT, LLC, 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Masters Capital Management Llc | 10 percent owner | 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Marlin Fund Iii, Limited Partnership | 10 percent owner | MASTERS CAPITAL MANAGEMENT, LLC, 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Marlin Master Fund Offshore Ii, Lp | 10 percent owner | WAYSTONE CORP SV (CAYMAN) LTD, STE 5B201, FL 2, 1 NEXUS WAY, CAMANA BAY, BOX 1344, GRAND CAYMAN E9 KY1-1108 |
Mss Vc Spv Lp | 10 percent owner | C/O MASTERS SPECIAL SITUATIONS, LLC, 3060 PEACHTREE ROAD, NW, STE.1425, ATLANTA GA 30305 |
Marlin Fund Ii, Limited Partnership | 10 percent owner | MASTERS CAPITAL MANAGEMENT, LLC, 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Masters Special Situations, Llc | 10 percent owner | 3060 PEACHTREE ROAD NW, SUITE 1425, ATLANTA GA 30305 |
Penna Domenic Della | officer: Chief Financial Officer | 235 YORKLAND BLVD., SUITE 900, TORONTO A6 M2J 4Y8 |
Anna Georgiadis | officer: VP, Global HR | 235 YORKLAND BLVD., SUITE 900, TORONTO A6 M2J 4Y8 |
From GuruFocus
By Marketwired • 10-12-2023
By sperokesalga sperokesalga • 05-15-2023
By GuruFocusNews GuruFocusNews • 01-10-2022
By sperokesalga sperokesalga • 05-11-2023
By Marketwired • 07-13-2023
By GuruFocusNews GuruFocusNews • 04-28-2022
By GuruFocusNews GuruFocusNews • 01-18-2022
By Marketwired • 10-05-2023
By sperokesalga sperokesalga • 03-20-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.