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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Altman Z-Score : 3.06 (As of Jun. 14, 2024)


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What is PJSC Mining & Metallurgical Co Norilsk Nickel Altman Z-Score?

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 2.68 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

PJSC Mining & Metallurgical Co Norilsk Nickel has a Altman Z-Score of 3.06, 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 PJSC Mining & Metallurgical Co Norilsk Nickel's Altman Z-Score or its related term are showing as below:

WBO:MNOD' s Altman Z-Score Range Over the Past 10 Years
Min: 2.68   Med: 147.67   Max: 188.81
Current: 2.68

During the past 13 years, PJSC Mining & Metallurgical Co Norilsk Nickel's highest Altman Z-Score was 188.81. The lowest was 2.68. And the median was 147.67.


PJSC Mining & Metallurgical Co Norilsk Nickel Altman Z-Score Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel Altman Z-Score Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 188.81 184.98 154.64 135.36 104.61

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 154.64 - 135.36 - 104.61

Competitive Comparison of PJSC Mining & Metallurgical Co Norilsk Nickel's Altman Z-Score

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.


PJSC Mining & Metallurgical Co Norilsk Nickel's Altman Z-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Altman Z-Score falls into.



PJSC Mining & Metallurgical Co Norilsk Nickel 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.

PJSC Mining & Metallurgical Co Norilsk Nickel'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*-0.0631+1.4*0.4802+3.3*0.1719+0.6*2.1394+1.0*0.6111
=3.06

* 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 Dec. 2023:
Total Assets was €21,623 Mil.
Total Current Assets was €6,733 Mil.
Total Current Liabilities was €8,098 Mil.
Retained Earnings was €10,384 Mil.
Pre-Tax Income was €3,241 Mil.
Interest Expense was €-476 Mil.
Revenue was €13,213 Mil.
Market Cap (Today) was €31,360 Mil.
Total Liabilities was €14,658 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
=(6732.614 - 8098.027)/21622.86
=-0.0631

X2=Retained Earnings/Total Assets
=10384.108/21622.86
=0.4802

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3240.678 - -475.923)/21622.86
=0.1719

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=31359.740/14658.245
=2.1394

X5=Revenue/Total Assets
=13213.053/21622.86
=0.6111

The zones of discrimination were as such:

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

PJSC Mining & Metallurgical Co Norilsk Nickel has a Altman Z-Score of 3.06 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.


PJSC Mining & Metallurgical Co Norilsk Nickel  (WBO:MNOD) 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.


PJSC Mining & Metallurgical Co Norilsk Nickel Altman Z-Score Related Terms

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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

Traded in Other Exchanges
Address
15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Headlines

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