stockrowABVC BioPharma, Inc.
ABVC Healthcare Biotechnology
ABVC BioPharma, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $509,600.00, up 234.4% from fiscal 2023.
- Revenue
- +66,233.3%
- EPS
- +76.9%
- Free cash flow
- +72.7%
Quarter to June 2026, against a year earlier
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ABVC BioPharma, Inc. (ABVC) Altman Z-score
ABVC BioPharma, Inc.'s Altman Z-score for fiscal 2024 is −14.88, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −14.88 | (0.29) |
| FY2023 | −14.59 | (3.03) |
| FY2022 | −11.56 | (15.89) |
| FY2021 | 4.33 | 2.92 |
| FY2020 | 1.41 | 0.68 |
| FY2019 | 0.73 | (14.97) |
| FY2018 | 15.70 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.58) | — | −0.70 | |
| Retained earnings / total assets | (9.14) | — | −12.80 | |
| EBIT / total assets | (0.62) | — | −2.06 | |
| Market value of equity / total liabilities | 1.02 | — | 0.61 | |
| Sales / total assets | 0.07 | — | 0.07 | |
| Altman Z-score | Distress zone | −14.88 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −37.70 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ACET Adicet Bio, Inc. compare | 5.0× |
| CVM Cel-Sci Corporation compare | −1.6× |
| MGX Metagenomi Therapeutics, Inc. compare | −1.9× |
| ALGS Aligos Therapeutics, Inc. compare | −11.0× |
| BYSI BeyondSpring Inc. compare | −12.5× |
| ABVC ABVC BioPharma, Inc. | −14.9× |
| RNAZ TransCode Therapeutics Inc. compare | — |
| AARD Aardvark Therapeutics, Inc. compare | — |
| PLRZ Polyrizon Ltd. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets