Eocene Ltd.
EOCN Healthcare Biotechnology
In the quarter to June 2026, EPS grew 43.3% and free cash flow fell 67.7%, each against the same quarter a year earlier.
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Eocene Ltd. (EOCN) Altman Z-score
Eocene Ltd.'s Altman Z-score for fiscal 2018 is 26.94, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2018 | 26.94 | 15.61 |
| FY2017 | 11.33 | 14.89 |
| FY2016 | −3.56 | — |
How fiscal 2018’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.97 | — | 1.16 | |
| Retained earnings / total assets | (0.95) | — | −1.34 | |
| EBIT / total assets | (0.12) | — | −0.39 | |
| Market value of equity / total liabilities | 45.80 | — | 27.48 | |
| Sales / total assets | 0.02 | — | 0.02 | |
| Altman Z-score | Safe zone | 26.94 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 36.55 | ||
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 |
|---|---|
| APVO Aptevo Therapeutics Inc. compare | 256,174× |
| EOCN Eocene Ltd. | 26.9× |
| SXTP 60 Degrees Pharmaceuticals Inc. compare | −15.9× |
| ADXN Addex Therapeutics Ltd. Sponsored ADR compare | −78.4× |
| CLDI Calidi Biotherapeutics, Inc. compare | −85.8× |
| GRI GRI Bio, Inc. compare | — |
| REVB Revelation Biosciences, Inc. compare | — |
| PBLA Panbela Therapeutics Inc. compare | — |
| CMND Clearmind Medicine 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