Metacon AB (STU:M16) Altman Z-Score: 1.64 (As of Jul. 02, 2026) — 81% Below Median


STU:M16 Metacon AB STU:M16
52 GF Score
Price €0.06
GF Value €0.21
! 2 Warning Signs
View Full Analysis

What is Metacon AB Altman Z-Score?

Metacon AB STU:M16 52 Altman Z-Score is 1.64 as of Jul. 02, 2026, which is 81% below its 10-year median of 8.57. GuruFocus rates STU:M16 with a GF Score™ of 52/100 and a GF Value™ of €0.21. The stock has 2 warning signs investors should review. Among 3,006 Industrial Products companies, Metacon AB ranks worse than 79.94% 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.

Warning Sign:

Altman Z-score of 1.69 is in distress zone. This implies bankruptcy possibility in the next two years.

Metacon AB has a Altman Z-Score of 1.64, 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 Metacon AB's Altman Z-Score or its related term are showing as below:

STU:M16' s Altman Z-Score Range Over the Past 10 Years
Min: -0.14   Med: 8.57   Max: 109.97
Current: 1.69

During the past 9 years, Metacon AB's highest Altman Z-Score was 109.97. The lowest was -0.14. And the median was 8.57.


Metacon AB  (STU:M16) 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.


Metacon AB Altman Z-Score Related Terms


Metacon AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Metacon AB'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.

Metacon AB Altman Z-Score Chart

Metacon AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 44.85 14.18 3.15 -0.14 3.72

Metacon AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial 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 0.75 3.21 3.64 3.72 2.18

STU:M16 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Metacon 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.


Metacon AB Altman Z-Score vs Industrial Products Industry

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

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


STU:M16
52GF Score
Metacon AB STU:M16
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metacon 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.

Metacon AB'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*0.0525+1.4*0+3.3*-0.1993+0.6*1.794+1.0*1.1578
=1.64

* 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 Mar. 2026:
Total Assets was €20.70 Mil.
Total Current Assets was €13.50 Mil.
Total Current Liabilities was €12.41 Mil.
Retained Earnings was €0.00 Mil.
Pre-Tax Income was -0.594 + -1.241 + -1.764 + -1.171 = €-4.77 Mil.
Interest Expense was -0.316 + -0.037 + -0.127 + -0.163 = €-0.64 Mil.
Revenue was 6.824 + 8.279 + 3.718 + 5.148 = €23.97 Mil.
Market Cap (Today) was €23.58 Mil.
Total Liabilities was €13.15 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
=(13.499 - 12.413)/20.703
=0.0525

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-4.77 - -0.643)/20.703
=-0.1993

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=23.584/13.146
=1.794

X5=Revenue/Total Assets
=23.969/20.703
=1.1578

The zones of discrimination were as such:

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

Metacon AB has a Altman Z-Score of 1.64 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.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.64 mean?
Metacon AB (STU:M16) has a Altman Z-Score of 1.64 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Metacon AB and its competitors. This is 81% below median its historical median of 8.57. According to the industry distribution chart, Metacon AB ranks #2403 out of 3006 companies in the Industrial Products industry, placing it in the top 79.9%.
Is Metacon AB's Altman Z-Score too high?
Metacon AB's current Altman Z-Score of 1.64 is 81% below median its 10-year median of 8.57. The Industrial Products industry median Altman Z-Score is 3.36. Metacon AB's value of 1.64 is 51.1% below this industry median. Based on the distribution chart, Metacon AB ranks #2403 out of 3006 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Metacon AB has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Metacon AB's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Metacon AB ranks #2403 out of 3006 companies for Altman Z-Score. This places Metacon AB in the lower half of its industry. The industry median Altman Z-Score is 3.36. Metacon AB's value of 1.64 is 51.1% below this benchmark. While the company's 10-year median is 8.57 vs. the industry median of 3.36, Metacon 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.36, based on 3,006 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. Metacon AB's current Altman Z-Score of 1.64 is 51.1% 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 Metacon AB and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metacon AB's current Altman Z-Score is 1.64, which is 81% below median its own 10-year median of 8.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metacon AB stock overvalued right now?
Metacon AB (STU:M16) has a current Altman Z-Score of 1.64. The stock's GF Value™ is €0.21, compared to a current price of €0.06 — trading 69.5% below its estimated fair value. The current Altman Z-Score is 1.64, which is 81% below median its 10-year median of 8.57 and 51.1% below the Industrial Products industry median of 3.36. Metacon AB's overall GF Score™ is 52/100 with 2 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 Metacon AB (STU:M16), the current Altman Z-Score is 1.64 as of Jul. 02, 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 Metacon AB (STU:M16) Overvalued in 2026?

Based on GuruFocus' analysis, Metacon AB stock appears to be undervalued. The current stock price of €0.06 is trading 69.5% below its estimated GF Value™ of €0.21.

Key valuation signals for STU:M16:

  • Altman Z-Score: 1.64 (81% below median its 10-year median of 8.57)
  • GF Value™: €0.21 vs. price of €0.06 (69.5% below fair value)
  • GF Score™: 52/100 with 2 warning signs
  • Industry Position: 51.1% below the Industrial Products median (#2403 of 3006)

No single metric tells the full story. See the STU:M16 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metacon AB Business Description

Other Exchanges META:SwedenM16:Germany
Address Stationsgatan 12, Uppsala, SWE, 753 40
Metacon AB is an international energy technology company. The main goal of this company is to develop and market small and large energy systems that can produce hydrogen, electricity, and heat. The company has two main branches of business: Reforming and Electrolysis. In the Reforming division, the company possesses several patents and an understanding of how to efficiently convert different hydrocarbons into hydrogen, which is used in catalytic steam reforming products. As for the Electrolysis branch, the company is transitioning from being solely a distributor of Chinese-made products to manufacturing its own products under its own brand. The company's product range includes Hydrogen Refueling Stations, Large CHP Systems, Small CHP Systems, Small Power Units, and others.
52GF Score

Get the complete analysis for STU:M16

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.06
Price
€0.21
GF Value