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Naked Brand Group Altman Z-Score

: -0.26 (As of Today)
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Warning Sign:

Altman Z-score of -0.26 is in distress zone. This implies bankrupcy possibility in the next two years.

Naked Brand Group has a Altman Z-Score of -0.26, 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 Naked Brand Group's Altman Z-Score or its related term are showing as below:

NAS:NAKD' s Altman Z-Score Range Over the Past 10 Years
Min: -3.87   Med: -2   Max: 6.47
Current: -0.26

-3.87
6.47

During the past 6 years, Naked Brand Group's highest Altman Z-Score was 6.47. The lowest was -3.87. And the median was -2.00.


Naked Brand Group Altman Z-Score Historical Data

The historical data trend for Naked Brand Group'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.

* Premium members only.

Naked Brand Group Annual Data
Trend Jun16 Jan17 Jan18 Jan19 Jan20 Jan21
Altman Z-Score
Premium Member Only - -1.02 -2.97 -3.87 6.47

Naked Brand Group Semi-Annual Data
Jun16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -3.87 - 6.47 -

Competitive Comparison

For the Apparel Manufacturing subindustry, Naked Brand Group'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.

   

Naked Brand Group Altman Z-Score Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Naked Brand Group's Altman Z-Score distribution charts can be found below:

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



Naked Brand Group 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.

Naked Brand Group'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*0.3989+1.4*-1.532+3.3*-0.3745+0.6*3.5626+1.0*0.5006
=-0.26

* 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 Jan. 2021:
Total Assets was $112.66 Mil.
Total Current Assets was $81.50 Mil.
Total Current Liabilities was $36.56 Mil.
Retained Earnings was $-172.60 Mil.
Pre-Tax Income was $-48.07 Mil.
Interest Expense was $-5.88 Mil.
Revenue was $56.40 Mil.
Market Cap (Today) was $177.47 Mil.
Total Liabilities was $49.81 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
=(81.498 - 36.558)/112.663
=0.3989

X2=Retained Earnings/Total Assets
=-172.601/112.663
=-1.532

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-48.066 - -5.878)/112.663
=-0.3745

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=177.465/49.813
=3.5626

X5=Revenue/Total Assets
=56.4/112.663
=0.5006

The zones of discrimination were as such:

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

Naked Brand Group has a Altman Z-Score of -0.26 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.


Naked Brand Group  (NAS:NAKD) 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.


Naked Brand Group Altman Z-Score Related Terms

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Naked Brand Group Business Description

Naked Brand Group logo
Traded in Other Exchanges
Address
Unit 7, 35-39 William Street, Double Bay, NSW, AUS, 2028
Naked Brand Group Ltd operates as an intimate, apparel and swimwear company. The company design, manufacture and market a portfolio of company-owned and licensed brands. Its operating segment includes Australia Retail, New Zealand Retail, Australia Wholesale, New Zealand Wholesale, U.S. Wholesale, Europe Wholesale, and E-commerce. The company generates maximum revenue from the E-commerce segment. Geographically, it derives a majority of revenue from New Zealand and also has a presence in Australia, the United States, and Europe. Its brands include Heidi Klum Intimates, Heidi Klum Accessories, Bendon, Fayreform, Pleasure State, Lovable, Heidi Klum Swim, Naked, Hickory, Bendon Man, and Davenport.

Naked Brand Group Headlines

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