NewPrinces Spa (CHIX:NWLM) Altman Z-Score: 1.48 (As of Jun. 25, 2026) — Near Median


CHIX:NWLM NewPrinces Spa CHIX:NWLM
74 GF Score
Price €16.83
GF Value €35.42
Valuation Possible Value Trap
! 9 Warning Signs
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What is NewPrinces Spa Altman Z-Score?

NewPrinces Spa CHIX:NWLM 74 Altman Z-Score is 1.48 as of Jun. 25, 2026, which is 6% below its 10-year median of 1.57. GuruFocus rates CHIX:NWLM with a GF Score™ of 74/100 and a GF Value™ of €35.42 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,933 Consumer Packaged Goods companies, NewPrinces Spa ranks worse than 77.75% 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 1.47 is in distress zone. This implies bankruptcy possibility in the next two years.

NewPrinces Spa has a Altman Z-Score of 1.48, 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 NewPrinces Spa's Altman Z-Score or its related term are showing as below:

CHIX:NWLm' s Altman Z-Score Range Over the Past 10 Years
Min: 1.26   Med: 1.57   Max: 2.38
Current: 1.47

During the past 10 years, NewPrinces Spa's highest Altman Z-Score was 2.38. The lowest was 1.26. And the median was 1.57.


NewPrinces Spa  (CHIX:NWLm) 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.


NewPrinces Spa Altman Z-Score Related Terms


NewPrinces Spa Altman Z-Score Historical Data

* Premium members only.

The historical data trend for NewPrinces Spa'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.

NewPrinces Spa Altman Z-Score Chart

NewPrinces Spa 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 1.26 1.47 1.78 1.49 1.45

NewPrinces Spa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.65 1.92 1.86 1.45 1.52

CHIX:NWLM vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, NewPrinces Spa'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.


NewPrinces Spa Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NewPrinces Spa's Altman Z-Score distribution charts can be found below:

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


CHIX:NWLM
74GF Score
NewPrinces Spa CHIX:NWLM
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NewPrinces Spa 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.

NewPrinces Spa'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*0.1739+1.4*-0.0054+3.3*0.0959+0.6*0.1793+1.0*0.8502
=1.48

* 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 Mar. 2026:
Total Assets was €4,450 Mil.
Total Current Assets was €2,736 Mil.
Total Current Liabilities was €1,962 Mil.
Retained Earnings was €-24 Mil.
Pre-Tax Income was -20.07 + 292.299 + 86.851 + 12.628 = €372 Mil.
Interest Expense was -19.671 + 1.501 + -14.105 + -22.69 = €-55 Mil.
Revenue was 1496.61 + 1023.795 + 621.931 + 641.466 = €3,784 Mil.
Market Cap (Today) was €629 Mil.
Total Liabilities was €3,509 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
=(2735.553 - 1961.816)/4450.224
=0.1739

X2=Retained Earnings/Total Assets
=-24.202/4450.224
=-0.0054

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(371.708 - -54.965)/4450.224
=0.0959

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=629.383/3509.354
=0.1793

X5=Revenue/Total Assets
=3783.802/4450.224
=0.8502

The zones of discrimination were as such:

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

NewPrinces Spa has a Altman Z-Score of 1.48 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 1.48 mean?
NewPrinces Spa (CHIX:NWLM) has a Altman Z-Score of 1.48 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on NewPrinces Spa and its competitors. This is near median its historical median of 1.57. Over the past decade, NewPrinces Spa's Altman Z-Score has ranged from 1.26 to 2.38. According to the industry distribution chart, NewPrinces Spa ranks #1503 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 77.8%.
Is NewPrinces Spa's Altman Z-Score too high?
NewPrinces Spa's current Altman Z-Score of 1.48 is near median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 2.38. The Consumer Packaged Goods industry median Altman Z-Score is 2.84. NewPrinces Spa's value of 1.48 is 47.9% below this industry median. Based on the distribution chart, NewPrinces Spa ranks #1503 out of 1933 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, NewPrinces Spa has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NewPrinces Spa's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, NewPrinces Spa ranks #1503 out of 1933 companies for Altman Z-Score. This places NewPrinces Spa in the lower half of its industry. The industry median Altman Z-Score is 2.84. NewPrinces Spa's value of 1.48 is 47.9% below this benchmark. Historically, NewPrinces Spa's own Altman Z-Score has ranged from 1.26 to 2.38 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 2.84, NewPrinces Spa 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.84, based on 1,933 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. NewPrinces Spa's current Altman Z-Score of 1.48 is 47.9% 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 NewPrinces Spa and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewPrinces Spa's current Altman Z-Score is 1.48, which is near median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewPrinces Spa stock overvalued right now?
Based on GuruFocus' analysis, NewPrinces Spa (CHIX:NWLM) is currently considered Possible Value Trap. The stock's GF Value™ is €35.42, compared to a current price of €16.83 — trading 52.5% below its estimated fair value. The current Altman Z-Score is 1.48, which is near median its 10-year median of 1.57 and 47.9% below the Consumer Packaged Goods industry median of 2.84. NewPrinces Spa's overall GF Score™ is 74/100 with 9 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 NewPrinces Spa (CHIX:NWLM), the current Altman Z-Score is 1.48 as of Jun. 25, 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 NewPrinces Spa (CHIX:NWLM) Overvalued in 2026?

Based on GuruFocus' analysis, NewPrinces Spa stock appears to be undervalued. The current stock price of €16.83 is trading 52.5% below its estimated GF Value™ of €35.42. GuruFocus considers NewPrinces Spa to be Possible Value Trap.

Key valuation signals for CHIX:NWLM:

  • Altman Z-Score: 1.48 (near median its 10-year median of 1.57)
  • GF Value™: €35.42 vs. price of €16.83 (52.5% below fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 47.9% below the Consumer Packaged Goods median (#1503 of 1933)

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


NewPrinces Spa Business Description

Other Exchanges NWL:Italy6NF:Germany
Address Via J. F. Kennedy 16, Reggio Emilia, ITA, 42124
NewPrinces Spa is an agro-food company. It is engaged in the processing, packaging, sale, and distribution of food and beverages. The firm's operating segments: Dairy Products, Foods, Drinks, Fish, Italian Products, Oils, Distribution (Princes Retail and its subsidiaries), and Other Products. The company generates key revenue from the Foods division, which offers products such as baked beans, soups, ready meals, peas, and legumes through retail and foodservice channels, mainly produced in the United Kingdom. Geographically, the company generates the majority of its revenue from the United Kingdom.
74GF Score

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

€16.83
Price
€35.42
GF Value