CIMG Inc.
CIMG Consumer Defensive Packaged Foods
CIMG Inc.’s revenue for fiscal 2025 (year ended September 2025) was $10.3 million, up 433.5% from fiscal 2024. In the quarter to June 2026, revenue grew 3,424.8%, EPS grew 93.3%, free cash flow grew 76.4% and total debt rose 4.45%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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CIMG Inc. (CIMG) Altman Z-score
CIMG Inc.'s Altman Z-score for fiscal 2025 is −1.73, 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 | −1.73 | 25.05 |
| FY2024 | −26.78 | 0.82 |
| FY2023 | −27.60 | (19.74) |
| FY2022 | −7.86 | (13.47) |
| FY2021 | 5.61 | (64.69) |
| FY2020 | 70.29 | (102.98) |
| FY2019 | 173.28 | 108.59 |
| FY2018 | 64.69 | 57.68 |
| FY2017 | 7.02 | 32.06 |
| FY2016 | −25.05 | (16.35) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.14) | — | −0.17 | |
| Retained earnings / total assets | (1.18) | — | −1.65 | |
| EBIT / total assets | (0.07) | — | −0.23 | |
| Market value of equity / total liabilities | 0.30 | — | 0.18 | |
| Sales / total assets | 0.14 | — | 0.14 | |
| Altman Z-score | Distress zone | −1.73 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.47 | ||
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 |
|---|---|
| PAVS Paranovus Entertainment Technology Ltd. compare | 46.3× |
| UCFI CN Healthy Food Tech Group Corp compare | 8.7× |
| ABVEF Above Food Ingredients Inc. compare | 3.4× |
| NAII Natural Alternatives International, Inc. compare | 1.4× |
| FAMI Farmmi, Inc. compare | −0.7× |
| NCRA Nocera, Inc. compare | −1.5× |
| CIMG CIMG Inc. | −1.7× |
| DDC DDC Enterprise Limited compare | −2.5× |
| SNAX Stryve Foods, Inc. compare | −7.0× |
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