Addentax Group Corp.
ATXG Industrials Integrated Freight & Logistics
In the quarter to June 2026, revenue grew 316.0%, EPS grew 425.7%, free cash flow grew 95.4% and total debt fell 22.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Addentax Group Corp. (ATXG) Altman Z-score
Addentax Group Corp.'s Altman Z-score for fiscal 2026 is 0.27, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.27 | (0.05) |
| FY2025 | 0.32 | (0.14) |
| FY2024 | 0.45 | (10.79) |
| FY2023 | 11.24 | 2.31 |
| FY2022 | 8.93 | 3.18 |
| FY2021 | 5.75 | 0.57 |
| FY2020 | 5.18 | (6.28) |
| FY2019 | 11.46 | (60.26) |
| FY2018 | 71.72 | (918.53) |
| FY2017 | 990.25 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.68 | — | 0.81 | |
| Retained earnings / total assets | (0.62) | — | −0.87 | |
| EBIT / total assets | (0.05) | — | −0.17 | |
| Market value of equity / total liabilities | 0.52 | — | 0.31 | |
| Sales / total assets | 0.18 | — | 0.18 | |
| Altman Z-score | Distress zone | 0.27 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.09 | ||
Z and Z″ put Addentax Group Corp. in different zones: distress zone by Z, safe zone by Z″.
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 |
|---|---|
| SLGB Smart Logistics Global Limited compare | 7.4× |
| GVH Globavend Holdings Limited compare | 4.6× |
| HXHX Haoxin Holdings Limited compare | 2.6× |
| ELOG Eastern International Ltd. compare | 2.2× |
| JYD Jayud Global Logistics Limited compare | 1.8× |
| BTOC Armlogi Holding Corp. compare | 1.6× |
| ATXG Addentax Group Corp. | 0.3× |
| CTNT Cheetah Net Supply Chain Service Inc. compare | −0.5× |
| CJMB Callan JMB Inc. compare | −4.3× |
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