AXIA Energia
AXIAY Utilities Utilities Renewable
In the quarter to June 2026, revenue grew 23.0%, EPS grew 366.7%, free cash flow grew 98.5% and total debt rose 12.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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AXIA Energia (AXIAY) Altman Z-score
AXIA Energia's Altman Z-score for fiscal 2025 is 0.70, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.70 | (0.24) |
| FY2024 | 0.94 | 0.04 |
| FY2023 | 0.90 | 0.17 |
| FY2022 | 0.73 | (0.20) |
| FY2021 | 0.93 | 0.03 |
| FY2020 | 0.90 | 0.04 |
| FY2019 | 0.86 | 0.13 |
| FY2018 | 0.73 | 0.32 |
| FY2017 | 0.41 | (0.40) |
| FY2016 | 0.81 | 0.89 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.09 | |
| Retained earnings / total assets | 0.04 | — | 0.06 | |
| EBIT / total assets | 0.01 | — | 0.02 | |
| Market value of equity / total liabilities | 0.63 | — | 0.38 | |
| Sales / total assets | 0.15 | — | 0.15 | |
| Altman Z-score | Distress zone | 0.70 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.46 | ||
Z and Z″ put AXIA Energia in different zones: distress zone by Z, grey 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 |
|---|---|
| ORA Ormat Technologies, Inc. compare | 1.6× |
| EBR.B Eletrobras compare | 0.7× |
| AXIAY AXIA Energia | 0.7× |
| ENLT Enlight Renewable Energy Ltd. compare | 0.7× |
| CWEN Clearway Energy, Inc. compare | 0.4× |
| RNW ReNew Energy Global PLC compare | 0.2× |
| BEP Brookfield Renewable Partners L.P. compare | — |
| XIFR XPLR Infrastructure, LP compare | — |
| BEPC Brookfield Renewable 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