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Sypris Solutions Altman Z-Score

: 0.34 (As of Today)
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Warning Sign:

Altman Z-score of 0.34 is in distress zone. This implies bankrupcy possibility in the next two years.

Sypris Solutions has a Altman Z-Score of 0.34, 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 Sypris Solutions's Altman Z-Score or its related term are showing as below:

NAS:SYPR' s Altman Z-Score Range Over the Past 10 Years
Min: -1.54   Med: 2.19   Max: 7.03
Current: 0.34

-1.54
7.03

During the past 13 years, Sypris Solutions's highest Altman Z-Score was 7.03. The lowest was -1.54. And the median was 2.19.


Sypris Solutions Altman Z-Score Historical Data

The historical data trend for Sypris Solutions'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.

Sypris Solutions Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 -1.08 -0.80 -0.90 -0.58

Sypris Solutions Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Altman Z-Score 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 Premium Member Only Premium Member Only Premium Member Only -1.09 -0.70 -0.58 -0.34 0.33

Competitive Comparison

For the Auto Parts subindustry, Sypris Solutions'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.

   

Sypris Solutions Altman Z-Score Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Sypris Solutions's Altman Z-Score distribution charts can be found below:

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



Sypris Solutions 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.

Sypris Solutions'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*0.2798+1.4*-1.4437+3.3*0.0344+0.6*1.3069+1.0*1.1278
=0.34

* 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 Jun. 2021:
Total Assets was $78.67 Mil.
Total Current Assets was $57.14 Mil.
Total Current Liabilities was $35.12 Mil.
Retained Earnings was $-113.57 Mil.
Pre-Tax Income was 4.136 + -1.509 + -1.031 + 0.256 = $1.85 Mil.
Interest Expense was -0.211 + -0.222 + -0.202 + -0.216 = $-0.85 Mil.
Revenue was 25.969 + 19.982 + 20.614 + 22.154 = $88.72 Mil.
Market Cap (Today) was $80.99 Mil.
Total Liabilities was $61.97 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
=(57.136 - 35.124)/78.666
=0.2798

X2=Retained Earnings/Total Assets
=-113.572/78.666
=-1.4437

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1.852 - -0.851)/78.666
=0.0344

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=80.987/61.968
=1.3069

X5=Revenue/Total Assets
=88.719/78.666
=1.1278

The zones of discrimination were as such:

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

Sypris Solutions has a Altman Z-Score of 0.34 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.


Sypris Solutions  (NAS:SYPR) 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.


Sypris Solutions Altman Z-Score Related Terms

Thank you for viewing the detailed overview of Sypris Solutions's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Sypris Solutions Business Description

Sypris Solutions logo
Industry
Consumer Cyclical » Vehicles & Parts NAICS : 336390 SIC : 3714
Traded in Other Exchanges
Address
101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222
Sypris Solutions Inc is a US based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
Executives
Davis Richard L officer: Vice President 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Allen Anthony C officer: Vice President and CFO 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Eckert Rebecca R officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Convis Gary L director 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Gill Jeffrey T director, 10 percent owner, officer: President and CEO 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Healey William L director 101 BULLITT LANE STE 450 LOUISVILLE KY 40222
Gill R Scott director, 10 percent owner 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Ferko William G director 7419 CEDAR BLUFF CT PROSPECT KY 40059
Petersen Sidney R/ca director 150 N. ORANGE GROVE BLVD PASADENA CA 91103
Sroka Robert director 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Brinkley John F director 46 GULL POINT ROAD HILTON HEAD ISLAND SC 29928
Mcgeeney John R officer: VP, General Counsel &Secretary 101 BULLITT LN SUITE 450 LOUISVILLE KY 40222
Straub Stephen W officer: Vice President Operations 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Larochelle Paul G officer: VP Sales&Strategic Initiatives 101 BULLITT LANE, SUITE 450 LOUISVILLE KY 40222
Walsh John James other: VP and President of Subsidiary 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222

Sypris Solutions Headlines

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