stockrowBGM Group Ltd.
BGM Healthcare Drug Manufacturers Specialty & Generic
BGM Group Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $37.9 million, up 51.1% from fiscal 2024.
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BGM Group Ltd. (BGM) Altman Z-score
BGM Group Ltd.'s Altman Z-score for fiscal 2025 is 16.55, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 16.55 | 11.64 |
| FY2024 | 4.91 | 0.89 |
| FY2023 | 4.02 | (0.48) |
| FY2022 | 4.50 | (1.40) |
| FY2021 | 5.91 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.02 | — | 0.03 | |
| Retained earnings / total assets | (0.04) | — | −0.05 | |
| EBIT / total assets | (0.03) | — | −0.10 | |
| Market value of equity / total liabilities | 27.64 | — | 16.59 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Safe zone | 16.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 9.65 | ||
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 |
|---|---|
| BGM BGM Group Ltd. | 16.6× |
| SIGA Siga Technologies Inc. compare | 14.3× |
| CRDL Cardiol Therapeutics Inc. compare | 3.4× |
| ORGO Organogenesis compare | 3.0× |
| GLAS Glass House Brands Inc. compare | 1.4× |
| DERM Journey Medical Corporation compare | 1.1× |
| OGI Organigram Global Inc. compare | 0.2× |
| AKBA Akebia Therapeutics, Inc. compare | −4.4× |
| ADCT ADC Therapeutics SA compare | −6.7× |
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