International Meal Co Alimentacao (BSP:MEAL3) Altman Z-Score: 0.27 (As of Sep. 04, 2026) — 66% Below Median

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BSP:MEAL3 International Meal Co Alimentacao SA BSP:MEAL3
48 GF Score
Price R$0.66
GF Value R$1.49
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is International Meal Co Alimentacao Altman Z-Score?

International Meal Co Alimentacao BSP:MEAL3 48 Altman Z-Score is 0.27 as of Sep. 04, 2026, which is 66% below its 10-year median of 0.79. GuruFocus rates BSP:MEAL3 with a GF Score™ of 48/100 and a GF Value™ of R$1.49 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 361 Restaurants companies, International Meal Co Alimentacao ranks worse than 85.32% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 0.27 is in distress zone. This implies bankruptcy possibility in the next two years.

International Meal Co Alimentacao has a Altman Z-Score of 0.27, 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 International Meal Co Alimentacao's Altman Z-Score or its related term are showing as below:

BSP:MEAL3' s Altman Z-Score Range Over the Past 10 Years
Min: -0.07   Med: 0.79   Max: 3.62
Current: 0.27

During the past 13 years, International Meal Co Alimentacao's highest Altman Z-Score was 3.62. The lowest was -0.07. And the median was 0.79.


International Meal Co Alimentacao  (BSP:MEAL3) 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.


International Meal Co Alimentacao Altman Z-Score Related Terms


International Meal Co Alimentacao Altman Z-Score Historical Data

* Premium members only.

The historical data trend for International Meal Co Alimentacao'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.

International Meal Co Alimentacao Altman Z-Score Chart

International Meal Co Alimentacao Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 1.02 0.79 0.46 0.49

International Meal Co Alimentacao Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z-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 0.48 0.47 0.49 0.35 0.31

BSP:MEAL3 vs MCD, SBUX, CMG: Altman Z-Score Comparison

For the Restaurants subindustry, International Meal Co Alimentacao'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.


International Meal Co Alimentacao Altman Z-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, International Meal Co Alimentacao's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where International Meal Co Alimentacao's Altman Z-Score falls into.


BSP:MEAL3
48GF Score
International Meal Co Alimentacao SA BSP:MEAL3
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Meal Co Alimentacao 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.

International Meal Co Alimentacao'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*-0.0903+1.4*-0.4404+3.3*0.0237+0.6*0.1512+1.0*0.8267
=0.27

* 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 Jun. 2026:
Total Assets was R$2,004 Mil.
Total Current Assets was R$372 Mil.
Total Current Liabilities was R$553 Mil.
Retained Earnings was R$-882 Mil.
Pre-Tax Income was -10.275 + -101.082 + -23.984 + -7.321 = R$-143 Mil.
Interest Expense was -26.957 + -96.508 + -39.595 + -27.079 = R$-190 Mil.
Revenue was 419.824 + 356.558 + 397.197 + 482.855 = R$1,656 Mil.
Market Cap (Today) was R$189 Mil.
Total Liabilities was R$1,252 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
=(371.61 - 552.577)/2003.749
=-0.0903

X2=Retained Earnings/Total Assets
=-882.458/2003.749
=-0.4404

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-142.662 - -190.139)/2003.749
=0.0237

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=189.207/1251.59
=0.1512

X5=Revenue/Total Assets
=1656.434/2003.749
=0.8267

The zones of discrimination were as such:

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

International Meal Co Alimentacao has a Altman Z-Score of 0.27 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.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 0.27 mean?
International Meal Co Alimentacao (BSP:MEAL3) has a Altman Z-Score of 0.27 as of Sep. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on International Meal Co Alimentacao and its competitors. This is 66% below median its historical median of 0.79. According to the industry distribution chart, International Meal Co Alimentacao ranks #308 out of 361 companies in the Restaurants industry, placing it in the top 85.3%.
Is International Meal Co Alimentacao's Altman Z-Score too high?
International Meal Co Alimentacao's current Altman Z-Score of 0.27 is 66% below median its 10-year median of 0.79. The Restaurants industry median Altman Z-Score is 2.28. International Meal Co Alimentacao's value of 0.27 is 88.2% below this industry median. Based on the distribution chart, International Meal Co Alimentacao ranks #308 out of 361 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, International Meal Co Alimentacao has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does International Meal Co Alimentacao's Altman Z-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, International Meal Co Alimentacao ranks #308 out of 361 companies for Altman Z-Score. This places International Meal Co Alimentacao in the lower half of its industry. The industry median Altman Z-Score is 2.28. International Meal Co Alimentacao's value of 0.27 is 88.2% below this benchmark. While the company's 10-year median is 0.79 vs. the industry median of 2.28, International Meal Co Alimentacao has consistently been below 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 Z-Score for a Restaurants company?
The median Altman Z-Score among Restaurants companies is 2.28, based on 361 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Meal Co Alimentacao's current Altman Z-Score of 0.27 is 88.2% below 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on International Meal Co Alimentacao and its competitors. For the Restaurants industry, the median Altman Z-Score is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Meal Co Alimentacao's current Altman Z-Score is 0.27, which is 66% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Meal Co Alimentacao stock overvalued right now?
Based on GuruFocus' analysis, International Meal Co Alimentacao (BSP:MEAL3) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.49, compared to a current price of R$0.66 — trading 55.7% below its estimated fair value. The current Altman Z-Score is 0.27, which is 66% below median its 10-year median of 0.79 and 88.2% below the Restaurants industry median of 2.28. International Meal Co Alimentacao's overall GF Score™ is 48/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For International Meal Co Alimentacao (BSP:MEAL3), the current Altman Z-Score is 0.27 as of Sep. 04, 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 International Meal Co Alimentacao (BSP:MEAL3) Overvalued in 2026?

Based on GuruFocus' analysis, International Meal Co Alimentacao stock appears to be undervalued. The current stock price of R$0.66 is trading 55.7% below its estimated GF Value™ of R$1.49. GuruFocus considers International Meal Co Alimentacao to be Possible Value Trap.

Key valuation signals for BSP:MEAL3:

  • Altman Z-Score: 0.27 (66% below median its 10-year median of 0.79)
  • GF Value™: R$1.49 vs. price of R$0.66 (55.7% below fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 88.2% below the Restaurants median (#308 of 361)

No single metric tells the full story. See the BSP:MEAL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Meal Co Alimentacao Business Description

Address Avenida das Nacoes Unidas, 4.777, 12th Floor, Jardim Universidade Pinheiros, Sao Paulo, SP, BRA, 5477902
International Meal Co Alimentacao SA is a Brazil-based company principally engaged in the sale of food and beverages to restaurants, snack bars, coffee shops, cafes on motorways, airports, shopping malls, and airline catering services. It also subleases stores and spaces for promotional and commercial purposes in its store chain, upon the sale of fuel, and provides general services related to these segments. The company operates in five segments: Shopping malls, Airports, Highways, the United States of America (USA), and Others. Some of its brands are Viena, Olive Garden, Margaritaville, KFC Brazil, and Pizza Hut Brazil. Its geographical segments are Brazil, The Caribbean, and the USA.
48GF Score

Get the complete analysis for BSP:MEAL3

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

R$0.66
Price
R$1.49
GF Value