What is Seamless Distribution Systems AB Altman Z-Score?
Seamless Distribution Systems ABNGM:SDS +5.56%14 Altman Z-Score is 0.52 as of Jul. 12, 2026, which is 71% below its 10-year median of 1.78. GuruFocus rates NGM:SDS with a GF Score™ of 14/100. The stock has 6 warning signs investors should review. Among 2,768 Software companies, Seamless Distribution Systems AB ranks worse than 80.46% 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 0.52 is in distress zone. This implies bankruptcy possibility in the next two years.
Seamless Distribution Systems AB has a Altman Z-Score of 0.52, 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 Seamless Distribution Systems AB's Altman Z-Score or its related term are showing as below:
NGM:SDS'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.36 Med: 1.78 Max: 3.89
Current: 0.52
During the past 11 years, Seamless Distribution Systems AB's highest Altman Z-Score was 3.89. The lowest was -0.36. And the median was 1.78.
Seamless Distribution Systems AB (NGM:SDS) 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.
Seamless Distribution Systems AB Altman Z-Score Chart
NGM:SDS vs MSFT, ORCL, PLTR: Altman Z-Score Comparison
For the Software - Infrastructure subindustry, Seamless Distribution Systems AB'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.
Seamless Distribution Systems AB Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Seamless Distribution Systems AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Seamless Distribution Systems AB's Altman Z-Score falls into.
Seamless Distribution Systems AB 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.
Seamless Distribution Systems AB (NGM:SDS) has a Altman Z-Score of 0.52 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Seamless Distribution Systems AB and its competitors. This is 71% below median its historical median of 1.78. According to the industry distribution chart, Seamless Distribution Systems AB ranks #2227 out of 2768 companies in the Software industry, placing it in the top 80.5%.
Is Seamless Distribution Systems AB's Altman Z-Score too high?
Seamless Distribution Systems AB's current Altman Z-Score of 0.52 is 71% below median its 10-year median of 1.78. The Software industry median Altman Z-Score is 3.16. Seamless Distribution Systems AB's value of 0.52 is 83.5% below this industry median. Based on the distribution chart, Seamless Distribution Systems AB ranks #2227 out of 2768 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Seamless Distribution Systems AB has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Seamless Distribution Systems AB's Altman Z-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Seamless Distribution Systems AB ranks #2227 out of 2768 companies for Altman Z-Score. This places Seamless Distribution Systems AB in the lower half of its industry. The industry median Altman Z-Score is 3.16. Seamless Distribution Systems AB's value of 0.52 is 83.5% below this benchmark. While the company's 10-year median is 1.78 vs. the industry median of 3.16, Seamless Distribution Systems AB 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 Software company?
The median Altman Z-Score among Software companies is 3.16, based on 2,768 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. Seamless Distribution Systems AB's current Altman Z-Score of 0.52 is 83.5% 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 Seamless Distribution Systems AB and its competitors. For the Software industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seamless Distribution Systems AB's current Altman Z-Score is 0.52, which is 71% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seamless Distribution Systems AB stock overvalued right now?
Seamless Distribution Systems AB (NGM:SDS) has a current Altman Z-Score of 0.52. The current Altman Z-Score is 0.52, which is 71% below median its 10-year median of 1.78 and 83.5% below the Software industry median of 3.16. Seamless Distribution Systems AB's overall GF Score™ is 14/100 with 6 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 Seamless Distribution Systems AB (NGM:SDS), the current Altman Z-Score is 0.52 as of Jul. 12, 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.
Seamless Distribution Systems AB Business Description
Seamless Distribution Systems AB is a mobile payments company that provides electronic top-up systems and mobile payment services for mobile operators, distributors, retailers, and consumers.
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