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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.
Good Sign:
Altman Z-score of 6.09 is strong.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa has a Altman Z-Score of 6.11, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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.
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.
* 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.
* 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.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Altman Z-Score vs REITs Industry
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.
* 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.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) has a Altman Z-Score of 6.11 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. This is 34% below median its historical median of 9.25. Over the past decade, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Altman Z-Score has ranged from 5.98 to 11.92. According to the industry distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #78 out of 734 companies in the REITs industry, placing it in the top 10.6%.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Altman Z-Score too high?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Altman Z-Score of 6.11 is 34% below median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 5.98 to a high of 11.92. The REITs industry median Altman Z-Score is 1.08. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's value of 6.11 is 465.7% above this industry median. Based on the distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #78 out of 734 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Altman Z-Score compare to NLY and AGNC?
According to the REITs industry distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #78 out of 734 companies for Altman Z-Score. This places Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.08. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's value of 6.11 is 465.7% above this benchmark. Historically, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's own Altman Z-Score has ranged from 5.98 to 11.92 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 1.08, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa 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 Z-Score for a REITs company?
The median Altman Z-Score among REITs companies is 1.08, based on 734 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. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Altman Z-Score of 6.11 is 465.7% 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 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. For the REITs industry, the median Altman Z-Score is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Altman Z-Score is 6.11, which is 34% below median its own 10-year median of 9.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock overvalued right now?
Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$144.00, compared to a current price of R$87.44 — trading 39.3% below its estimated fair value. The current Altman Z-Score is 6.11, which is 34% below median its 10-year median of 9.25 and 465.7% above the REITs industry median of 1.08. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's overall GF Score™ is 58/100 with 1 warning sign 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11), the current Altman Z-Score is 6.11 as of Jul. 16, 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Overvalued in 2026?
Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock appears to be undervalued.
The current stock price of R$87.44 is trading 39.3% below its estimated GF Value™ of R$144.00.
GuruFocus considers Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa to be Significantly Undervalued.
Key valuation signals for BSP:SNCI11:
Altman Z-Score: 6.11 (34% below median its 10-year median of 9.25)
GF Value™: R$144.00 vs. price of R$87.44 (39.3% below fair value)
Industry Position: 465.7% above the REITs median (#78 of 734)
No single metric tells the full story. See the BSP:SNCI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Business Description
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda objective is to invest, in real estate receivables certificates that include mortgage bills (LH); real estate credit bills (LCI); guaranteed real estate bills (LIG); certificates of additional construction potential issued pursuant to CVM Resolution 84; quotas of private equity investment funds; quotas of credit rights investment funds; shares or quotas of companies; shares, debentures, subscription warrants, their coupons, rights, subscription receipts, and other financial assets, securities, and marketable securities; real estate, as well as in any real rights over real estate, or through indirect investment in real estate by means of acquiring other Target Assets; and other financial assets, titles, and securities.
58GF Score
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