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 13.08 is strong.
CDA has a Altman Z-Score of 13.08, 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 CDA's Altman Z-Score or its related term are showing as below:
WAR:CDA'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.73 Med: 24.25 Max: 44.24
Current: 13.08
During the past 9 years, CDA's highest Altman Z-Score was 44.24. The lowest was 3.73. And the median was 24.25.
CDA (WAR:CDA) 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.
Altman Z-Score does not apply to financial companies.
CDA Altman Z-Score Related Terms
CDA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for CDA'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.
WAR:CDA vs NFLX, DIS, WBD: Altman Z-Score Comparison
For the Entertainment subindustry, CDA'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.
CDA Altman Z-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, CDA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CDA's Altman Z-Score falls into.
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.
CDA'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
*
0.6987
+
1.4
*
0.2275
+
3.3
*
0.5349
+
0.6
*
13.9483
+
1.0
*
1.7915
=
13.08
* 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.
CDA (WAR:CDA) has a Altman Z-Score of 13.08 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CDA and its competitors. This is 46% below median its historical median of 24.25. Over the past decade, CDA's Altman Z-Score has ranged from 3.73 to 44.24.
Is CDA's Altman Z-Score too high?
CDA's current Altman Z-Score of 13.08 is 46% below median its 10-year median of 24.25. Over the past 10 years, this metric has ranged from a low of 3.73 to a high of 44.24. The Media - Diversified industry median Altman Z-Score is 1.95. CDA's value of 13.08 is 570.8% above this industry median. Overall, CDA has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does CDA's Altman Z-Score compare to NFLX and DIS?
CDA's Altman Z-Score of 13.08 can be compared against companies in the Media - Diversified industry. The industry median Altman Z-Score is 1.95. CDA's value of 13.08 is 570.8% above this benchmark. Historically, CDA's own Altman Z-Score has ranged from 3.73 to 44.24 over the past decade. While the company's 10-year median is 24.25 vs. the industry median of 1.95, CDA 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.95, based on 1,014 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. CDA's current Altman Z-Score of 13.08 is 570.8% 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 CDA and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CDA's current Altman Z-Score is 13.08, which is 46% below median its own 10-year median of 24.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CDA stock overvalued right now?
CDA (WAR:CDA) has a current Altman Z-Score of 13.08. The stock's GF Value™ is zł27.57, compared to a current price of zł17.95 — trading 34.9% below its estimated fair value. The current Altman Z-Score is 13.08, which is 46% below median its 10-year median of 24.25 and 570.8% above the Media - Diversified industry median of 1.95. CDA's overall GF Score™ is 62/100 with 1 warning sign 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 CDA (WAR:CDA), the current Altman Z-Score is 13.08 as of Jun. 28, 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 CDA (WAR:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, CDA stock appears to be undervalued.
The current stock price of zł17.95 is trading 34.9% below its estimated GF Value™ of zł27.57.
Key valuation signals for WAR:CDA:
Altman Z-Score: 13.08 (46% below median its 10-year median of 24.25)
GF Value™: zł27.57 vs. price of zł17.95 (34.9% below fair value)
Industry Position: 570.8% above the Media - Diversified median
No single metric tells the full story. See the WAR:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CDA SA is an operator of Video on demand (VOD) service in Poland, operating under the brand CDA Premium. The company provides its users with materials also in the free aVOD model (advertisement VOD) under CDA Premium Free. The content consists mainly of videos published by verified users who post their own content in the public part of the portal. Its portal also operates as a separate hosting social platform, in which unverified users can independently add various types of materials.
62GF Score
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