Minerva Neurosciences, Inc
NERV Healthcare Biotechnology
In the quarter to June 2026, EPS grew 183.7% and free cash flow fell 553.5%, each against the same quarter a year earlier.
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Minerva Neurosciences, Inc (NERV) Altman Z-score
Minerva Neurosciences, Inc's Altman Z-score for fiscal 2020 is 5.95, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2020 | 5.95 | — |
How fiscal 2020’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.42 | — | 0.51 | |
| Retained earnings / total assets | (4.94) | — | −6.92 | |
| EBIT / total assets | 0.03 | — | 0.11 | |
| Market value of equity / total liabilities | 19.25 | — | 11.55 | |
| Sales / total assets | 0.71 | — | 0.71 | |
| Altman Z-score | Safe zone | 5.95 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.99 | ||
Z and Z″ put Minerva Neurosciences, Inc in different zones: safe zone by Z, distress 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 |
|---|---|
| LENZ LENZ Therapeutics, Inc. compare | 12.0× |
| NERV Minerva Neurosciences, Inc | 6.0× |
| SEER Seer, Inc. compare | −0.5× |
| FHTX Foghorn Therapeutics Inc. compare | −4.5× |
| ARMP Armata Pharmaceuticals, Inc. compare | −10.2× |
| GNLX Genelux Corporation compare | −13.1× |
| NRXP NRx Pharmaceuticals, Inc. compare | −37.8× |
| ENGN enGene Therapeutics Inc compare | — |
| HURA TuHURA Biosciences, 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