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Origin Enterprises Altman Z-Score

: 2.30 (As of Today)
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Warning Sign:

Altman Z-score of 2.31 is in grey area. The implies that the company is in some kind of financial stress. If it is below 1.8, the company may faces bankrupcy risk.

Origin Enterprises has a Altman Z-Score of 2.30, indicating it is in Grey Zones. This implies that Origin Enterprises is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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

OTCPK:ORENF' s Altman Z-Score Range Over the Past 10 Years
Min: 2.25   Med: 2.59   Max: 3.51
Current: 2.31

2.25
3.51

During the past 13 years, Origin Enterprises's highest Altman Z-Score was 3.51. The lowest was 2.25. And the median was 2.59.


Origin Enterprises Altman Z-Score Historical Data

The historical data trend for Origin Enterprises'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.

Origin Enterprises Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.55 2.67 2.53 2.25 2.28

Origin Enterprises Semi-Annual Data
Jan12 Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
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 2.53 - 2.25 - 2.28

Competitive Comparison

For the Farm Products subindustry, Origin Enterprises'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.

   

Origin Enterprises Altman Z-Score Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Origin Enterprises's Altman Z-Score distribution charts can be found below:

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



Origin Enterprises 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.

Origin Enterprises'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*0.0991+1.4*0.3361+3.3*0.0441+0.6*0.4743+1.0*1.2778
=2.30

* 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 Jul. 2021:
Total Assets was $1,534 Mil.
Total Current Assets was $995 Mil.
Total Current Liabilities was $843 Mil.
Retained Earnings was $516 Mil.
Pre-Tax Income was $57 Mil.
Interest Expense was $-11 Mil.
Revenue was $1,960 Mil.
Market Cap (Today) was $525 Mil.
Total Liabilities was $1,107 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
=(995.17612293144 - 843.1524822695)/1534.0295508274
=0.0991

X2=Retained Earnings/Total Assets
=515.60874704492/1534.0295508274
=0.3361

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(56.527186761229 - -11.048463356974)/1534.0295508274
=0.0441

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=525.172/1107.3096926714
=0.4743

X5=Revenue/Total Assets
=1960.2446808511/1534.0295508274
=1.2778

The zones of discrimination were as such:

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

Origin Enterprises has a Altman Z-Score of 2.30 indicating it is in Grey Zones.

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


Origin Enterprises  (OTCPK:ORENF) 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.


Origin Enterprises Altman Z-Score Related Terms

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


Origin Enterprises Business Description

Origin Enterprises logo
Industry
Traded in Other Exchanges
Address
4-6 Riverwalk, Citywest Business Campus, Dublin, IRL, 24
Origin Enterprises PLC is an agri-service business with operations throughout Europe. It provides technologies and strategic products to support food production systems for primary food producers. The company acts as an advisor for varietal selection, nutrition, crop protection, and other techniques to improve crop performance. Fertilizers, animal feed, seeds, and other agricultural supplements are sold to enhance farming productivity. It delivers products to farms from local distribution centers, and agronomists study the timing of applications to achieve the best results for customers. Farm visitations happen throughout each year, and soil and tissue analysis is conducted to either stop deficiencies or prevent future occurrences.

Origin Enterprises Headlines

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