CDL Investments New ZealandNZSE:CDI 47 Altman Z-Score is 13.39 as of Jun. 30, 2026, which is 43% below its 10-year median of 23.63. GuruFocus rates NZSE:CDI with a GF Score™ of 47/100 and a GF Value™ of NZ$0.61 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,733 Real Estate companies, CDL Investments New Zealand ranks better than 96.94% 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.
Good Sign:
Altman Z-score of 13.39 is strong.
CDL Investments New Zealand has a Altman Z-Score of 13.39, 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 CDL Investments New Zealand's Altman Z-Score or its related term are showing as below:
NZSE:CDI'
s Altman Z-Score Range Over the Past 10 Years
Min: 10.57 Med: 23.63 Max: 32.51
Current: 13.39
During the past 13 years, CDL Investments New Zealand's highest Altman Z-Score was 32.51. The lowest was 10.57. And the median was 23.63.
CDL Investments New Zealand (NZSE:CDI) 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.
CDL Investments New Zealand Altman Z-Score Competitor Comparison
For the Real Estate - Development subindustry, CDL Investments New Zealand'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.
CDL Investments New Zealand Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, CDL Investments New Zealand's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CDL Investments New Zealand's Altman Z-Score falls into.
CDL Investments New Zealand 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.
CDL Investments New Zealand (NZSE:CDI) has a Altman Z-Score of 13.39 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CDL Investments New Zealand and its competitors. This is 43% below median its historical median of 23.63. Over the past decade, CDL Investments New Zealand's Altman Z-Score has ranged from 10.57 to 32.51. According to the industry distribution chart, CDL Investments New Zealand ranks #53 out of 1733 companies in the Real Estate industry, placing it in the top 3.1%.
Is CDL Investments New Zealand's Altman Z-Score too high?
CDL Investments New Zealand's current Altman Z-Score of 13.39 is 43% below median its 10-year median of 23.63. Over the past 10 years, this metric has ranged from a low of 10.57 to a high of 32.51. The Real Estate industry median Altman Z-Score is 1.30. CDL Investments New Zealand's value of 13.39 is 930% above this industry median. Based on the distribution chart, CDL Investments New Zealand ranks #53 out of 1733 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, CDL Investments New Zealand has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CDL Investments New Zealand's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, CDL Investments New Zealand ranks #53 out of 1733 companies for Altman Z-Score. This places CDL Investments New Zealand in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.30. CDL Investments New Zealand's value of 13.39 is 930% above this benchmark. Historically, CDL Investments New Zealand's own Altman Z-Score has ranged from 10.57 to 32.51 over the past decade. While the company's 10-year median is 23.63 vs. the industry median of 1.30, CDL Investments New Zealand has consistently been above 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,733 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. CDL Investments New Zealand's current Altman Z-Score of 13.39 is 930% above 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 CDL Investments New Zealand and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CDL Investments New Zealand's current Altman Z-Score is 13.39, which is 43% below median its own 10-year median of 23.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CDL Investments New Zealand stock overvalued right now?
Based on GuruFocus' analysis, CDL Investments New Zealand (NZSE:CDI) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.61, compared to a current price of NZ$0.71 — trading 16.4% above its estimated fair value. The current Altman Z-Score is 13.39, which is 43% below median its 10-year median of 23.63 and 930% above the Real Estate industry median of 1.30. CDL Investments New Zealand's overall GF Score™ is 47/100 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 CDL Investments New Zealand (NZSE:CDI), the current Altman Z-Score is 13.39 as of Jun. 30, 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.
Is CDL Investments New Zealand (NZSE:CDI) Overvalued in 2026?
Based on GuruFocus' analysis, CDL Investments New Zealand stock appears to be overvalued.
The current stock price of NZ$0.71 is trading 16.4% above its estimated GF Value™ of NZ$0.61.
GuruFocus considers CDL Investments New Zealand to be Modestly Overvalued.
Key valuation signals for NZSE:CDI:
Altman Z-Score: 13.39 (43% below median its 10-year median of 23.63)
GF Value™: NZ$0.61 vs. price of NZ$0.71 (16.4% above fair value)
Industry Position: 930% above the Real Estate median (#53 of 1733)
No single metric tells the full story. See the NZSE:CDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CDL Investments New Zealand Ltd is engaged in land-based investment and development. The principal activity of the company is the development and sale of residential land properties. The operating segments of the Group consist of property operations, comprising the development and sale of residential land sections and rental income from development properties and investment properties. All revenues are derived in New Zealand.
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