Residences Darada (CAS:DAR SAADA) Altman Z2-Score: 5.16 (As of Jun. 28, 2026) — 10% Below Median


CAS:DAR SAADA Residences Dar Saada SA CAS:DAR SAADA
43 GF Score
Price MAD175.00
GF Value MAD93.70
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Residences Darada Altman Z2-Score?

Residences Darada CAS:DAR SAADA +1.66% 43 Altman Z2-Score is 5.16 as of Jun. 28, 2026, which is 10% below its 10-year median of 5.76. GuruFocus rates CAS:DAR SAADA with a GF Score™ of 43/100 and a GF Value™ of MAD93.70 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,772 Real Estate companies, Residences Darada ranks better than 73.59% 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.

Good Sign:

Residences Darada has a Altman Z2-Score of 5.16, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

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 Residences Darada's Altman Z2-Score or its related term are showing as below:

CAS:DAR SAADA' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.76   Med: 5.76   Max: 6.08
Current: 5.16

During the past 13 years, Residences Darada's highest Altman Z2-Score was 6.08. The lowest was 4.76. And the median was 5.76.


Residences Darada  (CAS:DAR SAADA) 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.


Residences Darada Altman Z2-Score Related Terms


Residences Darada Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Residences Darada'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.

Residences Darada Altman Z2-Score Chart

Residences Darada Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.70 6.07 5.77 5.61 5.16

Residences Darada Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.77 0.00 5.61 0.00 5.16

CAS:DAR SAADA vs CBRE, BEKE, CSGP: Altman Z2-Score Comparison

For the Real Estate Services subindustry, Residences Darada'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.


Residences Darada Altman Z2-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Residences Darada's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Residences Darada's Altman Z2-Score falls into.


CAS:DAR SAADA
43GF Score
Residences Dar Saada SA CAS:DAR SAADA
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Residences Darada 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.

Residences Darada'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*0.6405+3.26*0.0006+6.72*0.0041+1.05*0.8839
=5.16

* 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 Dec. 2025:
Total Assets was MAD7,970.2 Mil.
Total Current Assets was MAD7,827.1 Mil.
Total Current Liabilities was MAD2,722.3 Mil.
Retained Earnings was MAD4.5 Mil.
Pre-Tax Income was MAD18.5 Mil.
Interest Expense was MAD-14.2 Mil.
Total Liabilities was MAD4,230.7 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
=(7827.091 - 2722.285)/7970.234
=0.6405

X2=Retained Earnings/Total Assets
=4.494/7970.234
=0.0006

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(18.53 - -14.184)/7970.234
=0.0041

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(3739.48 - 0)/4230.656
=0.8839

The zones of discrimination were as such:

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

Residences Darada has a Altman Z2-Score of 5.16 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 5.16 mean?
Residences Darada (CAS:DAR SAADA) has a Altman Z2-Score of 5.16 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 Residences Darada and its competitors. This is 10% below median its historical median of 5.76. Over the past decade, Residences Darada's Altman Z2-Score has ranged from 4.76 to 6.08. According to the industry distribution chart, Residences Darada ranks #468 out of 1772 companies in the Real Estate industry, placing it in the top 26.4%.
Is Residences Darada's Altman Z2-Score too high?
Residences Darada's current Altman Z2-Score of 5.16 is 10% below median its 10-year median of 5.76. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 6.08. The Real Estate industry median Altman Z2-Score is 3.02. Residences Darada's value of 5.16 is 70.9% above this industry median. Based on the distribution chart, Residences Darada ranks #468 out of 1772 companies in the Real Estate industry, which is above the industry midpoint. Overall, Residences Darada has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Residences Darada's Altman Z2-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Residences Darada ranks #468 out of 1772 companies for Altman Z2-Score. This puts Residences Darada in the upper half of its industry. The industry median Altman Z2-Score is 3.02. Residences Darada's value of 5.16 is 70.9% above this benchmark. Historically, Residences Darada's own Altman Z2-Score has ranged from 4.76 to 6.08 over the past decade. While the company's 10-year median is 5.76 vs. the industry median of 3.02, Residences Darada 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 Real Estate company?
The median Altman Z2-Score among Real Estate companies is 3.02, based on 1,772 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. Residences Darada's current Altman Z2-Score of 5.16 is 70.9% 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 Residences Darada and its competitors. For the Real Estate industry, the median Altman Z2-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Residences Darada's current Altman Z2-Score is 5.16, which is 10% below median its own 10-year median of 5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Residences Darada stock overvalued right now?
Based on GuruFocus' analysis, Residences Darada (CAS:DAR SAADA) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD93.70, compared to a current price of MAD175.00 — trading 86.8% above its estimated fair value. The current Altman Z2-Score is 5.16, which is 10% below median its 10-year median of 5.76 and 70.9% above the Real Estate industry median of 3.02. Residences Darada's overall GF Score™ is 43/100 with 8 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 Residences Darada (CAS:DAR SAADA), the current Altman Z2-Score is 5.16 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 Residences Darada (CAS:DAR SAADA) Overvalued in 2026?

Based on GuruFocus' analysis, Residences Darada stock appears to be overvalued. The current stock price of MAD175.00 is trading 86.8% above its estimated GF Value™ of MAD93.70. GuruFocus considers Residences Darada to be Significantly Overvalued.

Key valuation signals for CAS:DAR SAADA:

  • Altman Z2-Score: 5.16 (10% below median its 10-year median of 5.76)
  • GF Value™: MAD93.70 vs. price of MAD175.00 (86.8% above fair value)
  • GF Score™: 43/100 with 8 warning signs
  • Industry Position: 70.9% above the Real Estate median (#468 of 1772)

No single metric tells the full story. See the CAS:DAR SAADA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Residences Darada Business Description

Address 277-279 Boulevard Zerktouni, Casablanca, MAR
Residences Dar Saada SA is a real estate company. The company engages in medium-sized and economic real estate projects that includes apartments, lands, villas, shops, and duplexes.
43GF Score

Get the complete analysis for CAS:DAR SAADA

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD175.00
Price
MAD93.70
GF Value