Antelope Enterprise Holdings L
AEHL Industrials Building Products & Equipment
Antelope Enterprise Holdings L’s revenue for fiscal 2024 (year ended December 2024) was $98.8 million, up 37.0% from fiscal 2023. Revenue growth for five consecutive years.
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Antelope Enterprise Holdings L (AEHL) Altman Z-score
Antelope Enterprise Holdings L's Altman Z-score for fiscal 2024 is −1.54, 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 | −1.54 | 3.03 |
| FY2023 | −4.58 | 0.66 |
| FY2022 | −5.24 | (0.68) |
| FY2021 | −4.56 | (0.28) |
| FY2020 | −4.28 | (22,083.57) |
| FY2019 | 22079.29 | (12,504.24) |
| FY2018 | 34583.53 | 6,062.10 |
| FY2017 | 28521.43 | 10,310.61 |
| FY2016 | 18210.82 | (286,016.06) |
| FY2015 | 304226.89 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.43 | — | 0.51 | |
| Retained earnings / total assets | (2.86) | — | −4.00 | |
| EBIT / total assets | (0.25) | — | −0.81 | |
| Market value of equity / total liabilities | 0.26 | — | 0.16 | |
| Sales / total assets | 2.60 | — | 2.60 | |
| Altman Z-score | Distress zone | −1.54 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −5.83 | ||
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 |
|---|---|
| LMB Limbach Holdings, Inc. compare | 5.6× |
| PPIH Perma-Pipe International Holdings, Inc. compare | 3.1× |
| JLHL Julong Holding Limited compare | 2.9× |
| JBI Janus International Group, Inc. compare | 2.4× |
| JELD JELD-WEN Holding, Inc. compare | 0.8× |
| CSTE Caesarstone Ltd. compare | 0.5× |
| AEHL Antelope Enterprise Holdings L | −1.5× |
| ASPN Aspen Aerogels, Inc. compare | −4.7× |
| AIRJ AirJoule Technologies Corporation 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