Market Cap : 43.26 M | Enterprise Value : 44.6 M | PE Ratio : 5.88 | PB Ratio : 7.09 |
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Warning Sign:
Altman Z-score of -8.74 is in distress zone. This implies bankrupcy possibility in the next two years.
Remark Holdings has a Altman Z-Score of -8.74, 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 Remark Holdings's Altman Z-Score or its related term are showing as below:
During the past 13 years, Remark Holdings's highest Altman Z-Score was 34.15. The lowest was -47.20. And the median was -6.49.
The historical data trend for Remark Holdings'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.
For the Software - Infrastructure subindustry, Remark Holdings'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.
For the Software industry and Technology sector, Remark Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Remark Holdings's Altman Z-Score falls into.
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.
Remark Holdings'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 | * | 0.0903 | + | 1.4 | * | -7.6082 | + | 3.3 | * | 0.2499 | + | 0.6 | * | 1.0553 | + | 1.0 | * | 0.3449 | |
= | -8.74 |
* 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. 2022:
Total Assets was $47.12 Mil.
Total Current Assets was $45.19 Mil.
Total Current Liabilities was $40.94 Mil.
Retained Earnings was $-358.47 Mil.
Pre-Tax Income was -25.429 + -38.252 + 72.746 + -1.552 = $7.51 Mil.
Interest Expense was -2.186 + -1.255 + -0.438 + -0.38 = $-4.26 Mil.
Revenue was 4.667 + 6.334 + 1.234 + 4.016 = $16.25 Mil.
Market Cap (Today) was $43.26 Mil.
Total Liabilities was $41.00 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 | |
= | (45.193 - 40.94) | / | 47.116 | |
= | 0.0903 |
X2 | = | Retained Earnings | / | Total Assets |
= | -358.469 | / | 47.116 | |
= | -7.6082 |
X3 | = | Earnings Before Interest and Taxes | / | Total Assets |
= | (Pre-Tax Income - Interest Expense) | / | Total Assets | |
= | (7.513 - -4.259) | / | 47.116 | |
= | 0.2499 |
X4 | = | Market Value Equity | / | Book Value of Total Liabilities |
= | Market Cap | / | Total Liabilities | |
= | 43.262 | / | 40.995 | |
= | 1.0553 |
X5 | = | Revenue | / | Total Assets |
= | 16.251 | / | 47.116 | |
= | 0.3449 |
The zones of discrimination were as such:
Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones
Remark Holdings has a Altman Z-Score of -8.74 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.
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.
Altman Z-Score does not apply to financial companies.
Thank you for viewing the detailed overview of Remark Holdings's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Botts Theodore P | director | C/O HSW INTERNATIONAL, INC. 3350 PEACHTREE ROAD, SUITE 1600 ATLANTA GA 30326 |
Xu Ling Elizabeth | director | 3960 HOWARD HUGHES PKWY, SUITE 900 LAS VEGAS NV 89169 |
Ratner Brett | director | C/O REMARK MEDIA, INC. 3960 HOWARD HUGHES PARKWAY, SUITE 900 LAS VEGAS NV 89169 |
Stein Daniel J. | director | C/O REMARK MEDIA, INC. 3960 HOWARD HUGHES PARKWAY LAS VEGAS NV 89169 |
Lee Ernest T. | 10 percent owner | 3271 SOUTH HIGHLAND DRIVE, #704 LAS VEGAS NV 89109 |
Davidson Alison | officer: Interim CFO | C/O REMARK HOLDINGS, INC. 3960 HOWARD HUGHES PARKWAY, SUITE 900 LAS VEGAS NV 89169 |
Tao Kai-shing | director, 10 percent owner, officer: Chairman and CEO | C/O HSW INTERNATIONAL, INC. 3350 PEACHTREE ROAD, SUITE 1600 ATLANTA GA 30326 |
Osrow Douglas | officer: Chief Financial Officer | FIVE CONCOURSE PKWY, SUITE 2400 ATLANTA GA 30328 |
Grounds William Warwick | director | 3600 LAS VEGAS BLVD., S. LAS VEGAS NV 89109 |
Goldstein Robert G | director | 3355 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109 |
Strauss Jason E. | director | C/O REMARK MEDIA, INC. 3930 HOWARD HUGHES PARKWAY, SUITE 400 LAS VEGAS NV 89169 |
Howstuffworks, Llc | 10 percent owner | ONE CAPITAL CITY PLAZA 3350 PEACHTREE ROAD, SUITE 1500 ATLANTA GA 30326 |
Discovery Communications Holding, Llc | 10 percent owner | ONE DISCOVERY PLACE SILVER SPRING MD 20910 |
Digipac, Llc | 10 percent owner | ONE HUGHES CENTER DRIVE, UNIT 1601 LAS VEGAS NV 89169 |
Ferman Carrie | officer: Chief Executive Officer | SIX CONCOURSE PARKWAY SUITE 1500 ATLANTA GA 30328 |
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