Nocera, Inc.
NCRA Consumer Defensive Packaged Foods
In the quarter to June 2026, revenue fell 46.1%, EPS fell 44.9% and free cash flow fell 194.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow NCRA
Nocera, Inc. (NCRA) Altman Z-score
Nocera, Inc.'s Altman Z-score for fiscal 2025 is −1.51, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −1.51 | 1.76 |
| FY2024 | −3.27 | (4.81) |
| FY2023 | 1.54 | 0.03 |
| FY2022 | 1.52 | (8.75) |
| FY2021 | 10.26 | (2.90) |
| FY2020 | 13.17 | 2.88 |
| FY2019 | 10.29 | 5.08 |
| FY2018 | 5.21 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.75 | — | 0.90 | |
| Retained earnings / total assets | (2.59) | — | −3.63 | |
| EBIT / total assets | (0.24) | — | −0.80 | |
| Market value of equity / total liabilities | 1.55 | — | 0.93 | |
| Sales / total assets | 1.09 | — | 1.09 | |
| Altman Z-score | Distress zone | −1.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.87 | ||
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 |
|---|---|
| PAVS Paranovus Entertainment Technology Ltd. compare | 46.3× |
| ABVEF Above Food Ingredients Inc. compare | 3.4× |
| ORISF Oriental Rise Holdings Limited compare | 2.6× |
| NAII Natural Alternatives International, Inc. compare | 1.4× |
| RGFC Real Good Food Company, Inc. compare | 0.4× |
| FAMI Farmmi, Inc. compare | −0.7× |
| NCRA Nocera, Inc. | −1.5× |
| CIMG CIMG Inc. compare | −1.7× |
| SNAX Stryve Foods, Inc. compare | −7.0× |
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