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BBCP (Concrete Pumping Holdings) Altman Z2-Score : 1.23 (As of Mar. 03, 2025)


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What is Concrete Pumping Holdings Altman Z2-Score?

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.

Concrete Pumping Holdings has a Altman Z2-Score of 1.23, indicating it is in Grey Zones. This implies that Concrete Pumping Holdings 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 Concrete Pumping Holdings's Altman Z2-Score or its related term are showing as below:

BBCP' s Altman Z2-Score Range Over the Past 10 Years
Min: -0.16   Med: 0.37   Max: 1.23
Current: 1.23

During the past 8 years, Concrete Pumping Holdings's highest Altman Z2-Score was 1.23. The lowest was -0.16. And the median was 0.37.


Concrete Pumping Holdings Altman Z2-Score Historical Data

The historical data trend for Concrete Pumping Holdings's Altman Z2-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.

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Concrete Pumping Holdings Altman Z2-Score Chart

Concrete Pumping Holdings Annual Data
Trend Dec17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Altman Z2-Score
Get a 7-Day Free Trial -0.16 0.32 0.41 0.93 1.23

Concrete Pumping Holdings Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Altman Z2-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 0.93 0.82 0.90 1.04 1.23

Competitive Comparison of Concrete Pumping Holdings's Altman Z2-Score

For the Engineering & Construction subindustry, Concrete Pumping Holdings'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.


Concrete Pumping Holdings's Altman Z2-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Concrete Pumping Holdings's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Concrete Pumping Holdings's Altman Z2-Score falls into.



Concrete Pumping Holdings Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Concrete Pumping Holdings's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.0624+3.26*-0.0426+6.72*0.0558+1.05*0.5583
=1.23

* 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.

Trailing Twelve Months (TTM) ended in Oct. 2024:
Total Assets was $898.0 Mil.
Total Current Assets was $112.4 Mil.
Total Current Liabilities was $56.3 Mil.
Retained Earnings was $-38.2 Mil.
Pre-Tax Income was 13.281 + 10.641 + 5.226 + -4.837 = $24.3 Mil.
Interest Expense was -6.136 + -6.318 + -6.873 + -6.463 = $-25.8 Mil.
Total Liabilities was $576.3 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
=(112.36 - 56.331)/897.99
=0.0624

X2=Retained Earnings/Total Assets
=-38.24/897.99
=-0.0426

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(24.311 - -25.79)/897.99
=0.0558

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(321.715 - 0)/576.275
=0.5583

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Concrete Pumping Holdings has a Altman Z2-Score of 1.23 indicating it is in Grey Zones.


Concrete Pumping Holdings  (NAS:BBCP) Altman Z2-Score Explanation

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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Concrete Pumping Holdings Altman Z2-Score Related Terms

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Concrete Pumping Holdings Business Description

Traded in Other Exchanges
N/A
Address
500 East 84th Avenue, Suite A-5, Thornton, CO, USA, 80229
Concrete Pumping Holdings Inc is a provider of concrete pumping services and concrete waste management services in the fragmented United States and United Kingdom markets. Its large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions. The company's operating segment includes U.S. Concrete Pumping; U.K. Operations; U.S. Concrete Waste Management Services and Corporate. It generates maximum revenue from the U.S. Concrete Pumping segment. Geographically, it generates majority of the revenue from its business in United States.
Executives
Bruce F. Young director, officer: Chief Executive Officer 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Ryan Beres director ARGAND PARTNERS, 28 WEST 44TH STREET, 5TH FLOOR, NEW YORK NY 10036
Armstron Thomas K Jr director C/O TK INVESTMENTS LLC, 4908 WEST BRIAR DRIVE, FORT WORTH TX 76109
Stephen Alarcon director PENINSULA PACIFIC, LLC, 10250 CONSTELLATION BLVD., SUITE 2230, LOS ANGELES CA 90067
John M Piecuch director 2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
Brent M Stevens director, 10 percent owner PO BOX 5239, KETCHUM ID 83340
Brown David A B director
Matthew Homme director 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Brian Hodges director C/O INDUSTREA ACQUISITION CORP., 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Argand Partners, Lp 10 percent owner C/O INDUSTREA ACQUISITION CORP., 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Owl Creek Sri Master Fund, Ltd. 10 percent owner 89 NEXUS WAY, 2ND FLOOR, CAMANA BAY, GRAND CAYMAN E9 KY1-1205
Owl Creek Ii, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek I, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Advisors, Llc 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019