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PLTK (Playtika Holding) Altman Z2-Score : 0.53 (As of Mar. 02, 2025)


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What is Playtika Holding 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.

Warning Sign:

Playtika Holding has a Altman Z2-Score of 0.53, 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 Playtika Holding's Altman Z2-Score or its related term are showing as below:

PLTK' s Altman Z2-Score Range Over the Past 10 Years
Min: -4.47   Med: 0.77   Max: 1.83
Current: 0.53

During the past 8 years, Playtika Holding's highest Altman Z2-Score was 1.83. The lowest was -4.47. And the median was 0.77.


Playtika Holding Altman Z2-Score Historical Data

The historical data trend for Playtika Holding'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.

* Premium members only.

Playtika Holding Altman Z2-Score Chart

Playtika Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Altman Z2-Score
Get a 7-Day Free Trial -1.68 1.36 1.00 1.83 0.53

Playtika Holding Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.83 1.85 2.10 2.26 0.53

Competitive Comparison of Playtika Holding's Altman Z2-Score

For the Electronic Gaming & Multimedia subindustry, Playtika Holding'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.


Playtika Holding's Altman Z2-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Playtika Holding's Altman Z2-Score distribution charts can be found below:

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



Playtika Holding 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.

Playtika Holding'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*0.0863+3.26*-0.2457+6.72*0.1197+1.05*-0.0348
=0.53

* 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. 2024:
Total Assets was $3,639 Mil.
Total Current Assets was $873 Mil.
Total Current Liabilities was $559 Mil.
Retained Earnings was $-894 Mil.
Pre-Tax Income was 21.6 + 63.7 + 120.3 + 74.9 = $281 Mil.
Interest Expense was -38.1 + -39.2 + -38.9 + -39 = $-155 Mil.
Total Liabilities was $3,770 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
=(872.8 - 558.9)/3639.2
=0.0863

X2=Retained Earnings/Total Assets
=-894.2/3639.2
=-0.2457

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(280.5 - -155.2)/3639.2
=0.1197

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(-131.1 - 0)/3770.3
=-0.0348

The zones of discrimination were as such:

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

Playtika Holding has a Altman Z2-Score of 0.53 indicating it is in Distress Zones.


Playtika Holding  (NAS:PLTK) 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.


Playtika Holding Altman Z2-Score Related Terms

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Playtika Holding Business Description

Traded in Other Exchanges
N/A
Address
C/o Playtika Ltd, HaChoshlim Street 8, Herzliya Pituarch, ISR
Playtika Holding Corp is primarily engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It primarily derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC and Other regions of which key revenue is derived from the USA. It offers both Mobile and Web-based platforms.
Executives
Playtika Holding Uk Ii Ltd 10 percent owner C/O GIANT INTERACTIVE GROUP INC., 988 ZHONGKAI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 200160
Gili Brudno officer: Chief Human Resources Officer C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUACH L3 4672408
On Chau 10 percent owner ROOM 2506, PACIFIC PLACE APARTMENTS, PACIFIC PLACE, 88 QUEENSWAY, CENTRAL, HONG KONG K3 00000
Sino Infinity Investments Ltd 10 percent owner SUITE 402, NAN FUNG TOWER, 88 CONNAUGHT ROAD CENTRAL, HONG KONG K3 00000
Fortune Bliss Ventures Ltd 10 percent owner SUITE 402, NAN FUNG TOWER, 88 CONNAUGHT ROAD CENTRAL, HONG KONG K3 00000
Hwa Por Chua 10 percent owner SUITE 402, NAN FUNG TOWER, 88 CONNAUGHT ROAD CENTRAL, HONG KONG K3 00000
Dana Rebecca Gross director C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Lu James Fu Bin director C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Hong Du director C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Eric Rapps officer: Chief Strategy Officer C/O PLAYTIKA LTD, HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Robert Antokol director, officer: See Remarks C/O PLAYTIKA LD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
8th Wonder Corp 10 percent owner SUITES 1901-2 & 14, 19TH FLOOR, TOWER 6, THE GATEWAY, HARBOUR CITY, KOWLOON, HONG KONG K3 00000
Hotlink Investment Ltd 10 percent owner SUITES 1901-2 & 14, 19TH FLOOR, TOWER 6, THE GATEWAY, HARBOUR CITY, KOWLOON, HONG KONG K3 00000
Infinite Bandwidth Ltd 10 percent owner SEA MEADOW HOUSE, P.O. BOX 116, ROAD TOWN, TORTOLA D8 00000
Trustworthy Group Ltd. 10 percent owner SEA MEADOW HOUSE, P.O. BOX 116, ROAD TOWN, TORTOLA D8 00000