HomeCo Daily Needs REITASX:HDN +1.15%59 Altman Z2-Score is 2.17 as of Jun. 28, 2026, which is 1% above its 10-year median of 2.14. GuruFocus rates ASX:HDN with a GF Score™ of 59/100 and a GF Value™ of A$1.20 (Fairly Valued). The stock has 10 warning signs investors should review. Among 744 REITs companies, HomeCo Daily Needs REIT ranks better than 56.59% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
HomeCo Daily Needs REIT has a Altman Z2-Score of 2.17, indicating it is in Grey Zones. This implies that HomeCo Daily Needs REIT is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for HomeCo Daily Needs REIT's Altman Z2-Score or its related term are showing as below:
ASX:HDN'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.6 Med: 2.14 Max: 2.48
Current: 2.17
During the past 4 years, HomeCo Daily Needs REIT's highest Altman Z2-Score was 2.48. The lowest was 1.60. And the median was 2.14.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
* 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.
ASX:HDN vs SPG, O, KIM: Altman Z2-Score Comparison
For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
HomeCo Daily Needs REIT Altman Z2-Score vs REITs Industry
For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where HomeCo Daily Needs REIT's Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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 Z2-Score when X4_2 value is 0.
HomeCo Daily Needs REIT (ASX:HDN) has a Altman Z2-Score of 2.17 as of Jun. 28, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on HomeCo Daily Needs REIT and its competitors. This is near median its historical median of 2.14. Over the past decade, HomeCo Daily Needs REIT's Altman Z2-Score has ranged from 1.60 to 2.48. According to the industry distribution chart, HomeCo Daily Needs REIT ranks #323 out of 744 companies in the REITs industry, placing it in the top 43.4%.
Is HomeCo Daily Needs REIT's Altman Z2-Score too high?
HomeCo Daily Needs REIT's current Altman Z2-Score of 2.17 is near median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 2.48. The REITs industry median Altman Z2-Score is 1.77. HomeCo Daily Needs REIT's value of 2.17 is 22.6% above this industry median. Based on the distribution chart, HomeCo Daily Needs REIT ranks #323 out of 744 companies in the REITs industry, which is above the industry midpoint. Overall, HomeCo Daily Needs REIT has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HomeCo Daily Needs REIT's Altman Z2-Score compare to SPG and O?
According to the REITs industry distribution chart, HomeCo Daily Needs REIT ranks #323 out of 744 companies for Altman Z2-Score. This puts HomeCo Daily Needs REIT in the upper half of its industry. The industry median Altman Z2-Score is 1.77. HomeCo Daily Needs REIT's value of 2.17 is 22.6% above this benchmark. Historically, HomeCo Daily Needs REIT's own Altman Z2-Score has ranged from 1.60 to 2.48 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.77, HomeCo Daily Needs REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a REITs company?
The median Altman Z2-Score among REITs companies is 1.77, based on 744 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HomeCo Daily Needs REIT's current Altman Z2-Score of 2.17 is 22.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on HomeCo Daily Needs REIT and its competitors. For the REITs industry, the median Altman Z2-Score is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HomeCo Daily Needs REIT's current Altman Z2-Score is 2.17, which is near median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HomeCo Daily Needs REIT stock overvalued right now?
Based on GuruFocus' analysis, HomeCo Daily Needs REIT (ASX:HDN) is currently considered Fairly Valued. The stock's GF Value™ is A$1.20, compared to a current price of A$1.33 — trading 10.4% above its estimated fair value. The current Altman Z2-Score is 2.17, which is near median its 10-year median of 2.14 and 22.6% above the REITs industry median of 1.77. HomeCo Daily Needs REIT's overall GF Score™ is 59/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For HomeCo Daily Needs REIT (ASX:HDN), the current Altman Z2-Score is 2.17 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HomeCo Daily Needs REIT (ASX:HDN) Overvalued in 2026?
Based on GuruFocus' analysis, HomeCo Daily Needs REIT stock appears to be overvalued.
The current stock price of A$1.33 is trading 10.4% above its estimated GF Value™ of A$1.20.
GuruFocus considers HomeCo Daily Needs REIT to be Fairly Valued.
Key valuation signals for ASX:HDN:
Altman Z2-Score: 2.17 (near median its 10-year median of 2.14)
GF Value™: A$1.20 vs. price of A$1.33 (10.4% above fair value)
Industry Position: 22.6% above the REITs median (#323 of 744)
No single metric tells the full story. See the ASX:HDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HomeCo Daily Needs REIT is a listed investment trust established and managed by HMC Capital, an ASX-listed alternative asset manager. HMC receives fees from HomeCo in exchange for property, investment, and development management services, and retains a minority interest in the REIT. HomeCo focuses on convenience-based assets that offer everyday goods and services, such as supermarkets, liquor stores, pharmacies, childcare, government and general services. Its portfolio also has a significant weighting to large format retail—a subsector that specializes in furniture, electrical appliances, and other homemaker offerings. Majority of HomeCo's leases has fixed annual rate increases, and a smaller proportion are inflation-linked, with the rest commensurate with supermarket turnover.
59GF Score
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