The Artisanal Spirits CoFRA:045 -0.68%27 Altman Z-Score is 0.81 as of Jun. 27, 2026, which is 56% below its 10-year median of 1.84. GuruFocus rates FRA:045 with a GF Score™ of 27/100 and a GF Value™ of €0.42. The stock has 7 warning signs investors should review. Among 208 Beverages - Alcoholic companies, The Artisanal Spirits Co ranks worse than 87.5% 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 0.81 is in distress zone. This implies bankruptcy possibility in the next two years.
The Artisanal Spirits Co has a Altman Z-Score of 0.81, 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 The Artisanal Spirits Co's Altman Z-Score or its related term are showing as below:
FRA:045'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.81 Med: 1.84 Max: 3.82
Current: 0.81
During the past 8 years, The Artisanal Spirits Co's highest Altman Z-Score was 3.82. The lowest was 0.81. And the median was 1.84.
The Artisanal Spirits Co (FRA:045) 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.
* 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.
For the Beverages - Wineries & Distilleries subindustry, The Artisanal Spirits Co'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.
The Artisanal Spirits Co Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, The Artisanal Spirits Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where The Artisanal Spirits Co's Altman Z-Score falls into.
The Artisanal Spirits Co 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.
* 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.
The Artisanal Spirits Co (FRA:045) has a Altman Z-Score of 0.81 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on The Artisanal Spirits Co and its competitors. This is 56% below median its historical median of 1.84. Over the past decade, The Artisanal Spirits Co's Altman Z-Score has ranged from 0.81 to 3.82. According to the industry distribution chart, The Artisanal Spirits Co ranks #182 out of 208 companies in the Beverages - Alcoholic industry, placing it in the top 87.5%.
Is The Artisanal Spirits Co's Altman Z-Score too high?
The Artisanal Spirits Co's current Altman Z-Score of 0.81 is 56% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 3.82. The Beverages - Alcoholic industry median Altman Z-Score is 2.77. The Artisanal Spirits Co's value of 0.81 is 70.8% below this industry median. Based on the distribution chart, The Artisanal Spirits Co ranks #182 out of 208 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, The Artisanal Spirits Co has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does The Artisanal Spirits Co's Altman Z-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, The Artisanal Spirits Co ranks #182 out of 208 companies for Altman Z-Score. This places The Artisanal Spirits Co in the lower half of its industry. The industry median Altman Z-Score is 2.77. The Artisanal Spirits Co's value of 0.81 is 70.8% below this benchmark. Historically, The Artisanal Spirits Co's own Altman Z-Score has ranged from 0.81 to 3.82 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 2.77, The Artisanal Spirits Co 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 Beverages - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.77, based on 208 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. The Artisanal Spirits Co's current Altman Z-Score of 0.81 is 70.8% 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 The Artisanal Spirits Co and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Artisanal Spirits Co's current Altman Z-Score is 0.81, which is 56% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Artisanal Spirits Co stock overvalued right now?
The Artisanal Spirits Co (FRA:045) has a current Altman Z-Score of 0.81. The stock's GF Value™ is €0.42, compared to a current price of €0.29 — trading 31% below its estimated fair value. The current Altman Z-Score is 0.81, which is 56% below median its 10-year median of 1.84 and 70.8% below the Beverages - Alcoholic industry median of 2.77. The Artisanal Spirits Co's overall GF Score™ is 27/100 with 7 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 The Artisanal Spirits Co (FRA:045), the current Altman Z-Score is 0.81 as of Jun. 27, 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 The Artisanal Spirits Co (FRA:045) Overvalued in 2026?
Based on GuruFocus' analysis, The Artisanal Spirits Co stock appears to be undervalued.
The current stock price of €0.29 is trading 31% below its estimated GF Value™ of €0.42.
Key valuation signals for FRA:045:
Altman Z-Score: 0.81 (56% below median its 10-year median of 1.84)
GF Value™: €0.42 vs. price of €0.29 (31% below fair value)
Industry Position: 70.8% below the Beverages - Alcoholic median (#182 of 208)
No single metric tells the full story. See the FRA:045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Artisanal Spirits Co PLC is a curator and provider of premium single-cask Scotch malt whisky and other spirits for sale online to a discerning global membership. It offers a range of other spirits such as single-cask Bourbon, Indian and Japanese whisky, as well as single-cask Armagnac, Cognac, gin, and rum. Its operations are predominantly based in the UK with the Group also generating revenue from Europe, Asia, America, and Others, of which maximum revenue is generated from Europe. Its brands include: The Scotch Malt Whisky Society, Single Cask Nation, Artisan Casks and J.G. Thomson.
27GF Score
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