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EnerSys Altman Z-Score

: 3.19 (As of Today)
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Good Sign:

Altman Z-score of 3.19 is strong.

EnerSys has a Altman Z-Score of 3.19, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 EnerSys's Altman Z-Score or its related term are showing as below:

NYSE:ENS' s Altman Z-Score Range Over the Past 10 Years
Min: 0.94   Med: 3.08   Max: 4.65
Current: 3.19

0.94
4.65

During the past 13 years, EnerSys's highest Altman Z-Score was 4.65. The lowest was 0.94. And the median was 3.08.


EnerSys Altman Z-Score Historical Data

The historical data trend for EnerSys'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.

EnerSys Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.36 3.99 3.04 2.77 3.30

EnerSys 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 2.98 2.99 3.14 3.30 3.47

Competitive Comparison

For the Electrical Equipment & Parts subindustry, EnerSys'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.

   

EnerSys Altman Z-Score Distribution

For the Industrial Products industry and Industrials sector, EnerSys's Altman Z-Score distribution charts can be found below:

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



EnerSys 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.

EnerSys'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*0.3154+1.4*0.4913+3.3*0.0628+0.6*1.7139+1.0*0.8893
=3.19

* 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 $3,472 Mil.
Total Current Assets was $1,700 Mil.
Total Current Liabilities was $605 Mil.
Retained Earnings was $1,706 Mil.
Pre-Tax Income was 52.289 + 43.207 + 43.859 + 41.476 = $181 Mil.
Interest Expense was -9.107 + -9.091 + -9.351 + -9.829 = $-37 Mil.
Revenue was 814.893 + 813.539 + 751.067 + 708.402 = $3,088 Mil.
Market Cap (Today) was $3,265 Mil.
Total Liabilities was $1,905 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
=(1699.8 - 604.743)/3472.445
=0.3154

X2=Retained Earnings/Total Assets
=1706.072/3472.445
=0.4913

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(180.831 - -37.378)/3472.445
=0.0628

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3264.936/1905.019
=1.7139

X5=Revenue/Total Assets
=3087.901/3472.445
=0.8893

The zones of discrimination were as such:

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

EnerSys has a Altman Z-Score of 3.19 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


EnerSys  (NYSE:ENS) 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.


EnerSys Altman Z-Score Related Terms

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


EnerSys Business Description

EnerSys logo
Industry
Industrials » Industrial Products NAICS : 335911 SIC : 5063
Traded in Other Exchanges
Address
2366 Bernville Road, Reading, PA, USA, 19605
EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems which combine enclosures, power conversion, power distribution and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.
Executives
Katsaros Arthur T director 7201 HAMILTON BLVD ALLENTOWN PA 181951501
Tufano Paul J director C/O SOLECTRON CORPORATION 847 GIBRALTAR DR. MILPITAS CA 95035
Vargo Ronald P director 41 UNIVERSITY DRIVE, SUITE 202 NEWTOWN PA 18940
Kane Kerry M officer: VP, Corporate Controller & PAO 2366 BERNVILLE ROAD READING PA 19605
Magnus Robert director 2366 BERNVILLE ROAD READING PA 19605
Connors Nelda J director BOSTON SCIENTIFIC CORPORATION 300 BOSTON SCIENTIFIC WAY MARLBOROUGH MA 01752-1234
Chung Hwan-yoon director METALMARK CAPITAL LLC 1177 AVENUE OF THE AMERICAS, 40TH FLOOR NEW YORK NY 10036
Schmidtlein Michael J officer: Executive Vice President & CFO 2366 BERNVILLE ROAD READING PA 19605
Hoffen Howard I director 1585 BROADWAY NEW YORK NY 10036
Fludder Steven M director 264 NANTASKET ROAD HULL MA 02045
Shaffer David M director, officer: President & CEO C/O ENERSYS 2366 BERNVILLE ROAD READING PA 19605
Zogby Andrew M. officer: Pres. Energy Systems Global 2366 BERNVILLE ROAD READING PA 19605
Chan Caroline director 2366 BERNVILLE ROAD READING PA 19605
Lehman John F director 450 PARK AVENUE 6TH FLOOR NEW YORK NY 10022
Marlo Dennis S director 1130 BERKSHIRE BOULEVARD WYOMISSING PA 19610

EnerSys Headlines

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