NXP Semiconductors N.V. NXPI
- Market cap
- $61.6B
- P/E
- 20.7×
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NXP Semiconductors N.V. (NXPI) Altman Z-score
NXP Semiconductors N.V.'s Altman Z-score for fiscal 2025 is 2.95, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.95 | (0.23) |
| FY2024 | 3.18 | (0.16) |
| FY2023 | 3.33 | 0.67 |
| FY2022 | 2.66 | (0.70) |
| FY2021 | 3.36 | 0.53 |
| FY2020 | 2.83 | 0.32 |
| FY2019 | 2.52 | 0.37 |
| FY2018 | 2.15 | (0.81) |
| FY2017 | 2.96 | 1.23 |
| FY2016 | 1.73 | 0.52 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.15 | — | 0.18 | |
| Retained earnings / total assets | (0.05) | — | −0.07 | |
| EBIT / total assets | 0.11 | — | 0.38 | |
| Market value of equity / total liabilities | 3.32 | — | 1.99 | |
| Sales / total assets | 0.46 | — | 0.46 | |
| Altman Z-score | Grey zone | 2.95 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.25 | ||
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 |
|---|---|
| ALAB Astera Labs, Inc. compare | 101× |
| CRDO Credo Technology Group Holding Ltd. compare | 82.7× |
| MPWR Monolithic Power Systems, Inc. compare | 42.0× |
| ON ON Semiconductor Corporation compare | 4.6× |
| STM STMicroelectronics N.V. compare | 3.7× |
| MCHP Microchip Technology Incorporated compare | 3.7× |
| UMC United Microelectronics Corporation compare | 3.3× |
| NXPI NXP Semiconductors N.V. | 2.9× |
| ASX ASE Technology Holding Co., Ltd. compare | 2.5× |
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
More on NXPI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement