Magnachip Semiconductor Corp.
In the quarter to June 2026, revenue fell 6.13%, EPS fell 1,400.0%, free cash flow grew 84.0% and total debt rose 13.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Magnachip Semiconductor Corp. (MX) Altman Z-score
Magnachip Semiconductor Corp.'s Altman Z-score for fiscal 2025 is 2.02, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.02 | (0.61) |
| FY2024 | 2.63 | (1.46) |
| FY2023 | 4.09 | (0.97) |
| FY2022 | 5.06 | (2.03) |
| FY2021 | 7.09 | 3.58 |
| FY2020 | 3.50 | 1.75 |
| FY2019 | 1.76 | (0.38) |
| FY2018 | 2.14 | 0.04 |
| FY2017 | 2.10 | 0.42 |
| FY2016 | 1.67 | 0.48 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.38 | — | 0.46 | |
| Retained earnings / total assets | 0.61 | — | 0.86 | |
| EBIT / total assets | (0.10) | — | −0.34 | |
| Market value of equity / total liabilities | 0.89 | — | 0.54 | |
| Sales / total assets | 0.51 | — | 0.51 | |
| Altman Z-score | Grey zone | 2.02 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.32 | ||
Z and Z″ put Magnachip Semiconductor Corp. in different zones: grey zone by Z, safe 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 |
|---|---|
| ALMU Aeluma, Inc. compare | 62.7× |
| GSIT GSI Technology, Inc. compare | 5.9× |
| MX Magnachip Semiconductor Corp. | 2.0× |
| VLN Valens Semiconductor, Ltd. compare | 0.9× |
| WQEY WISeQey Corp compare | 0.6× |
| NA Nano Labs Ltd. Sponsored ADR compare | 0.1× |
| QUIK QuickLogic Corporation compare | −8.0× |
| IPWR Ideal Power Inc. compare | −11.6× |
| GCTS GCT Semiconductor Holding, Inc. compare | −66.5× |
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