Cocrystal Pharma, Inc.
COCP Healthcare Biotechnology
In the quarter to June 2026, revenue fell 81.1%, EPS fell 15.0% and free cash flow fell 16.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Cocrystal Pharma, Inc. (COCP) Altman Z-score
Cocrystal Pharma, Inc.'s Altman Z-score for fiscal 2020 is 19.78, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2020 | 19.78 | 33.06 |
| FY2019 | −13.28 | (18.05) |
| FY2015 | 4.77 | — |
How fiscal 2020’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.60 | — | 0.72 | |
| Retained earnings / total assets | (4.52) | — | −6.32 | |
| EBIT / total assets | (0.18) | — | −0.58 | |
| Market value of equity / total liabilities | 43.22 | — | 25.93 | |
| Sales / total assets | 0.04 | — | 0.04 | |
| Altman Z-score | Safe zone | 19.78 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 19.78 | ||
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 |
|---|---|
| COCP Cocrystal Pharma, Inc. | 19.8× |
| QNTM Quantum Biopharma Ltd. compare | −0.3× |
| NEUP Neuphoria Therapeutics Inc. compare | −7.5× |
| ATYR aTyr Pharma, Inc. compare | −9.3× |
| KYNB Kyntra Bio Inc compare | −20.3× |
| JSPR Jasper Therapeutics, Inc. compare | — |
| ACGN Aceragen, Inc. compare | — |
| CNTX Context Therapeutics Inc. compare | — |
| ANEB Anebulo Pharmaceuticals, Inc. 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