Pop Culture Group Co., Ltd.
CPOP Communication Services Entertainment
Pop Culture Group Co., Ltd.’s revenue for fiscal 2025 (year ended June 2025) was $107.6 million, up 127.2% from fiscal 2024. Revenue growth for three consecutive years, operating cash flow growth for three.
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Pop Culture Group Co., Ltd. (CPOP) Altman Z-score
Pop Culture Group Co., Ltd.'s Altman Z-score for fiscal 2025 is 0.57, 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 | 0.57 | 0.96 |
| FY2024 | −0.39 | 1.04 |
| FY2023 | −1.43 | (3.12) |
| FY2022 | 1.68 | (2.09) |
| FY2021 | 3.78 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.19 | — | 0.23 | |
| Retained earnings / total assets | (0.30) | — | −0.41 | |
| EBIT / total assets | (0.06) | — | −0.18 | |
| Market value of equity / total liabilities | 0.01 | — | 0.00 | |
| Sales / total assets | 0.94 | — | 0.94 | |
| Altman Z-score | Distress zone | 0.57 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.14 | ||
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 |
|---|---|
| FTRKF FAST TRACK GROUP compare | 2.5× |
| CPOP Pop Culture Group Co., Ltd. | 0.6× |
| KUKEY Kuke Music Holding Limited Sponsored ADR compare | −3.4× |
| NIPG NIP Group Inc. Sponsored ADR compare | −5.6× |
| MPU Mega Matrix Inc. compare | −5.9× |
| NXAT Nexus Advanced Technologies Inc. compare | −7.0× |
| CSSEQ Chicken Soup for the Soul Entertainment, Inc. compare | −8.3× |
| KUST Kustom Entertainment Inc. compare | −11.4× |
| MMVVF MultiMetaVerse Holdings Limited compare | −45.4× |
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