Lead Real Estate Co., Ltd. Unsponsored ADR
LRE Real Estate Real Estate Development
Lead Real Estate Co., Ltd. Unsponsored ADR’s revenue for fiscal 2025 (year ended June 2025) was $126.2 million, down 0.57% from fiscal 2024. Operating cash flow growth for three consecutive years.
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Lead Real Estate Co., Ltd. Unsponsored ADR (LRE) Altman Z-score
Lead Real Estate Co., Ltd. Unsponsored ADR's Altman Z-score for fiscal 2025 cannot be worked out: not meaningful for banks, insurers and REITs.
Altman Z-score, annual
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.33) | — | −0.39 | |
| Retained earnings / total assets | 0.19 | — | 0.27 | |
| EBIT / total assets | 0.07 | — | 0.24 | |
| Market value of equity / total liabilities | 0.24 | — | 0.14 | |
| Sales / total assets | 0.92 | — | 0.92 | |
| Altman Z-score | n/a — not meaningful for banks, insurers and REITs | — | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | n/a — not meaningful for banks, insurers and REITs | — | ||
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 |
|---|---|
| TPHS Trinity Place Holdings Inc. compare | — |
| LRE Lead Real Estate Co., Ltd. Unsponsored ADR | — |
| AEI Alset Inc. compare | — |
| FPH Five Point Holdings, LLC compare | — |
| AXR AMREP Corporation compare | — |
| OZ Belpointe PREP, LLC compare | — |
| RENX RenX Enterprises Corp. compare | — |
| LPA Logistic Properties of the Americas compare | — |
| MRNO Murano Global BV 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