Ledesma (BUE:LEDE) Altman Z-Score: 1.29 (As of Jun. 24, 2026) — 45% Below Median


BUE:LEDE Ledesma SA BUE:LEDE
64 GF Score
Price ARS749.00
GF Value ARS975.84
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Ledesma Altman Z-Score?

Ledesma BUE:LEDE +0.27% 64 Altman Z-Score is 1.29 as of Jun. 24, 2026, which is 45% below its 10-year median of 2.36. GuruFocus rates BUE:LEDE with a GF Score™ of 64/100 and a GF Value™ of ARS975.84 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 544 Conglomerates companies, Ledesma ranks worse than 71.88% 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 1.29 is in distress zone. This implies bankruptcy possibility in the next two years.

Ledesma has a Altman Z-Score of 1.29, 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 Ledesma's Altman Z-Score or its related term are showing as below:

BUE:LEDE' s Altman Z-Score Range Over the Past 10 Years
Min: 0.7   Med: 2.36   Max: 7.02
Current: 1.29

During the past 13 years, Ledesma's highest Altman Z-Score was 7.02. The lowest was 0.70. And the median was 2.36.


Ledesma  (BUE:LEDE) 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.


Ledesma Altman Z-Score Related Terms


Ledesma Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ledesma'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.

Ledesma Altman Z-Score Chart

Ledesma Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 2.38 2.27 3.58 2.21

Ledesma Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 2.51 2.33 2.21 1.57 1.44

BUE:LEDE vs HON, MMM: Altman Z-Score Comparison

For the Conglomerates subindustry, Ledesma'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.


Ledesma Altman Z-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ledesma's Altman Z-Score distribution charts can be found below:

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


BUE:LEDE
64GF Score
Ledesma SA BUE:LEDE
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ledesma 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.

Ledesma'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*0.2243+1.4*-0.0244+3.3*-0.0375+0.6*0.5822+1.0*0.8292
=1.29

* 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 Nov. 2025:
Total Assets was ARS1,024,012 Mil.
Total Current Assets was ARS612,486 Mil.
Total Current Liabilities was ARS382,809 Mil.
Retained Earnings was ARS-24,944 Mil.
Pre-Tax Income was -8313.88 + -27108.584 + -33934.778 + 1999.987 = ARS-67,357 Mil.
Interest Expense was -12182.361 + -12841.083 + 844.122 + -4770.917 = ARS-28,950 Mil.
Revenue was 226924.996 + 192404.514 + 249051.103 + 180698.299 = ARS849,079 Mil.
Market Cap (Today) was ARS328,221 Mil.
Total Liabilities was ARS563,791 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
=(612485.623 - 382808.812)/1024011.737
=0.2243

X2=Retained Earnings/Total Assets
=-24943.63/1024011.737
=-0.0244

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-67357.255 - -28950.239)/1024011.737
=-0.0375

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=328221.417/563790.762
=0.5822

X5=Revenue/Total Assets
=849078.912/1024011.737
=0.8292

The zones of discrimination were as such:

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

Ledesma has a Altman Z-Score of 1.29 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.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.29 mean?
Ledesma (BUE:LEDE) has a Altman Z-Score of 1.29 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ledesma and its competitors. This is 45% below median its historical median of 2.36. Over the past decade, Ledesma's Altman Z-Score has ranged from 0.70 to 7.02. According to the industry distribution chart, Ledesma ranks #391 out of 544 companies in the Conglomerates industry, placing it in the top 71.9%.
Is Ledesma's Altman Z-Score too high?
Ledesma's current Altman Z-Score of 1.29 is 45% below median its 10-year median of 2.36. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 7.02. The Conglomerates industry median Altman Z-Score is 2.07. Ledesma's value of 1.29 is 37.7% below this industry median. Based on the distribution chart, Ledesma ranks #391 out of 544 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Ledesma has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ledesma's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Ledesma ranks #391 out of 544 companies for Altman Z-Score. This places Ledesma in the lower half of its industry. The industry median Altman Z-Score is 2.07. Ledesma's value of 1.29 is 37.7% below this benchmark. Historically, Ledesma's own Altman Z-Score has ranged from 0.70 to 7.02 over the past decade. While the company's 10-year median is 2.36 vs. the industry median of 2.07, Ledesma 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 544 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. Ledesma's current Altman Z-Score of 1.29 is 37.7% 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 Ledesma and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ledesma's current Altman Z-Score is 1.29, which is 45% below median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ledesma stock overvalued right now?
Based on GuruFocus' analysis, Ledesma (BUE:LEDE) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS975.84, compared to a current price of ARS749.00 — trading 23.2% below its estimated fair value. The current Altman Z-Score is 1.29, which is 45% below median its 10-year median of 2.36 and 37.7% below the Conglomerates industry median of 2.07. Ledesma's overall GF Score™ is 64/100 with 6 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 Ledesma (BUE:LEDE), the current Altman Z-Score is 1.29 as of Jun. 24, 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 Ledesma (BUE:LEDE) Overvalued in 2026?

Based on GuruFocus' analysis, Ledesma stock appears to be undervalued. The current stock price of ARS749.00 is trading 23.2% below its estimated GF Value™ of ARS975.84. GuruFocus considers Ledesma to be Modestly Undervalued.

Key valuation signals for BUE:LEDE:

  • Altman Z-Score: 1.29 (45% below median its 10-year median of 2.36)
  • GF Value™: ARS975.84 vs. price of ARS749.00 (23.2% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 37.7% below the Conglomerates median (#391 of 544)

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


Ledesma Business Description

Address Avenida Corrientes 415, 8th Floor, Capital Federal, Buenos Aires, ARG
Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.
64GF Score

Get the complete analysis for BUE:LEDE

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

ARS749.00
Price
ARS975.84
GF Value