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eMagin Altman Z-Score

: -5.29 (As of Today)
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Warning Sign:

Altman Z-score of -5.29 is in distress zone. This implies bankrupcy possibility in the next two years.

eMagin has a Altman Z-Score of -5.29, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for eMagin's Altman Z-Score or its related term are showing as below:

AMEX:EMAN' s Altman Z-Score Range Over the Past 10 Years
Min: -145.91   Med: -5.1   Max: 52.94
Current: -5.29

-145.91
52.94

During the past 13 years, eMagin's highest Altman Z-Score was 52.94. The lowest was -145.91. And the median was -5.10.


eMagin Altman Z-Score Historical Data

The historical data trend for eMagin's Altman Z-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.

eMagin Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.92 -7.83 -9.04 -9.72 -5.10

eMagin Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Altman Z-Score 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 Premium Member Only Premium Member Only Premium Member Only -5.84 -5.10 -3.11 -3.10 -3.98

Competitive Comparison

For the Electronic Components subindustry, eMagin's Altman Z-Score, along with its competitors' market caps and Altman Z-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.

   

eMagin Altman Z-Score Distribution

For the Hardware industry and Technology sector, eMagin's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where eMagin's Altman Z-Score falls into.



eMagin Altman Z-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.

eMagin's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.2122+1.4*-4.9353+3.3*-0.1787+0.6*2.4088+1.0*0.5064
=-5.29

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Sep. 2021:
Total Assets was $52.36 Mil.
Total Current Assets was $22.97 Mil.
Total Current Liabilities was $11.86 Mil.
Retained Earnings was $-258.41 Mil.
Pre-Tax Income was 1.306 + -0.278 + -7.378 + -3.717 = $-10.07 Mil.
Interest Expense was -0.21 + -0.205 + -0.21 + -0.087 = $-0.71 Mil.
Revenue was 5.782 + 6.279 + 6.773 + 7.682 = $26.52 Mil.
Market Cap (Today) was $85.76 Mil.
Total Liabilities was $35.60 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
=(22.971 - 11.862)/52.359
=0.2122

X2=Retained Earnings/Total Assets
=-258.408/52.359
=-4.9353

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-10.067 - -0.712)/52.359
=-0.1787

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=85.762/35.603
=2.4088

X5=Revenue/Total Assets
=26.516/52.359
=0.5064

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

eMagin has a Altman Z-Score of -5.29 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


eMagin  (AMEX:EMAN) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


eMagin Altman Z-Score Related Terms

Thank you for viewing the detailed overview of eMagin's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


eMagin Business Description

eMagin logo
Industry
Technology » Hardware NAICS : 334419 SIC : 3679
Traded in Other Exchanges
Address
700 South Drive, Suite 201, Hopewell Junction, NY, USA, 12533
eMagin Corp designs, develop, manufactures, and markets organic light-emitting diode, or OLED miniature displays, OLED-on-silicon microdisplays, virtual imaging products that utilize OLED micro displays, and related products. The company's OLED displays are used in a variety of products, including military aviation helmets, military weapons sights & targeting systems, night vision & thermal imaging devices, training & simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications. Its geographical segments are North & South America; Europe, Middle East, & Africa; and the Asia Pacific.
Executives
Cronson Paul C director C/O LARKSPUR CORP 445 PARK AVE NEW YORK NY 10022
Wittels Jill director 3006 NORTHUP WAY #103 BELLEVUE WA 98004
Richstone Ellen B director C/O SONUS NETWORKS, INC. 7 TECHNOLOGY PARK DRIVE WESTFORD MA 01886
Seay Stephen director 10500 N.E. 8TH STREET, SUITE 1400 BELLEVUE WA 98004
Sculley Andrew George Jr officer: President/CEO 260 BRIAR DRIVE MARTINEZ CA 94553
Braddom Eric director C/O EMAGIN CORPORATION 2070 ROUTE 52 BLDG 334 HOPEWELL JUNCTION NY 12533
Koch Mark A officer: CFO C/O DEL GLOBAL TECHNOLOGIES CORP. ONE COMMERCE PARK VALHALLA NY 10595
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE SUITE 2600 NEW YORK NY 10022
Brody Christopher Scott director STILLWATER LLC 655 MADISON AVE NEW YORK NY 10065
Costello Stephen officer: S V P Strategic Partnerships C/O EMAGIN CORPORATION 2070 ROUTE 52 BUILDING 334 HOPEWELL JUNCTION NY 12533
Polgar Leslie G director 3006 NORTHUP WAY SUITE 103 BELLEVUE WA 98004
Saltarelli Joseph other: Sr. VP of Manufacturing C/O EMAGIN CORPORATION 2070 ROUTE 52 BLDG 334 HOPEWELL JUNCTION NY 12533
Lucas Jeffrey P officer: Chief Financial Officer C/O EMAGIN CORP. 2070 ROUTE 52 HOPEWELL JUNCTION NY 12533
Ghosh Amalkumar officer: Sr. VP, R&D 2070 ROUTE 52 HOPEWELL JUNCTION NY 12533
Olivier Prache officer: Sr. VP Product Development 213 MANVILLE ROAD PLEASANTVILLE NY 10570

eMagin Headlines

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