Millennium Group International Holdings Limited
MGIH Consumer Cyclical Packaging & Containers
Millennium Group International Holdings Limited’s revenue for fiscal 2025 (year ended June 2025) was $25.3 million, down 34.2% from fiscal 2024.
Follow MGIH
Millennium Group International Holdings Limited (MGIH) Altman Z-score
Millennium Group International Holdings Limited's Altman Z-score for fiscal 2025 is 1.17, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.17 | (0.38) |
| FY2024 | 1.56 | (0.49) |
| FY2023 | 2.04 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | (0.19) | — | −0.26 | |
| EBIT / total assets | (0.17) | — | −0.55 | |
| Market value of equity / total liabilities | 1.61 | — | 0.97 | |
| Sales / total assets | 0.70 | — | 0.70 | |
| Altman Z-score | Distress zone | 1.17 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.33 | ||
Z and Z″ put Millennium Group International Holdings Limited in different zones: distress zone by Z, grey zone by Z″.
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 |
|---|---|
| KRT Karat Packaging Inc. compare | 4.9× |
| MYE Myers Industries, Inc. compare | 2.1× |
| ORBS Eightco Holdings Inc. compare | 2.0× |
| TRS TriMas Corporation compare | 2.0× |
| OI O-I Glass, Inc. compare | 1.2× |
| MGIH Millennium Group International Holdings Limited | 1.2× |
| PACK Ranpak Holdings Corp compare | 0.6× |
| YHGJ Yunhong Green CTI Ltd. compare | −0.5× |
| DSS DSS, Inc. compare | −7.7× |
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