Mercantile Ports and LogisticsLSE:MPL -8.89% Altman Z2-Score is -2.16 as of Jun. 27, 2026. The stock has 5 warning signs investors should review. Among 1,002 Transportation companies, Mercantile Ports and Logistics ranks worse than 93.51% 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.
Warning Sign:
Mercantile Ports and Logistics has a Altman Z2-Score of -2.16, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Mercantile Ports and Logistics's Altman Z2-Score or its related term are showing as below:
LSE:MPL'
s Altman Z2-Score Range Over the Past 10 Years
Min: -2.16 Med: 1.96 Max: 5.93
Current: -2.16
During the past 13 years, Mercantile Ports and Logistics's highest Altman Z2-Score was 5.93. The lowest was -2.16. And the median was 1.96.
Mercantile Ports and Logistics (LSE:MPL) 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.
* 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.
Mercantile Ports and Logistics Altman Z2-Score Chart
Mercantile Ports and Logistics Altman Z2-Score Competitor Comparison
For the Marine Shipping subindustry, Mercantile Ports and Logistics'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.
Mercantile Ports and Logistics Altman Z2-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Mercantile Ports and Logistics's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Mercantile Ports and Logistics's Altman Z2-Score falls into.
Mercantile Ports and Logistics 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.
* 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.
Mercantile Ports and Logistics (LSE:MPL) has a Altman Z2-Score of -2.16 as of Jun. 27, 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 Mercantile Ports and Logistics and its competitors. According to the industry distribution chart, Mercantile Ports and Logistics ranks #937 out of 1002 companies in the Transportation industry, placing it in the top 93.5%.
Is Mercantile Ports and Logistics' Altman Z2-Score too high?
Mercantile Ports and Logistics' current Altman Z2-Score is -2.16. Based on the distribution chart, Mercantile Ports and Logistics ranks #937 out of 1002 companies in the Transportation industry, which is in the bottom quartile relative to peers.
How does Mercantile Ports and Logistics' Altman Z2-Score compare to competitors?
According to the Transportation industry distribution chart, Mercantile Ports and Logistics ranks #937 out of 1002 companies for Altman Z2-Score. This places Mercantile Ports and Logistics in the lower half of its industry. The industry median Altman Z2-Score is 2.98. 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 Transportation company?
The median Altman Z2-Score among Transportation companies is 2.98, based on 1,002 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. 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 Mercantile Ports and Logistics and its competitors. For the Transportation industry, the median Altman Z2-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Ports and Logistics's current Altman Z2-Score is -2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Ports and Logistics stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Ports and Logistics (LSE:MPL) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.02 — trading 105% above its estimated fair value. The current Altman Z2-Score is -2.16. 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 Mercantile Ports and Logistics (LSE:MPL), the current Altman Z2-Score is -2.16 as of Jun. 27, 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.
Mercantile Ports and Logistics Business Description
Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.
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