Scage Future - Unsponsored ADR
SCAG Industrials Farm & Heavy Construction Machinery
Scage Future - Unsponsored ADR’s revenue for fiscal 2025 (year ended June 2025) was $11.1 million, up 82.0% from fiscal 2024.
Follow SCAG
Scage Future - Unsponsored ADR (SCAG) Altman Z-score
Scage Future - Unsponsored ADR's Altman Z-score for fiscal 2025 is 7.86, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 7.86 | 3.74 |
| FY2024 | 4.12 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.77) | — | −0.92 | |
| Retained earnings / total assets | (1.52) | — | −2.13 | |
| EBIT / total assets | (0.51) | — | −1.67 | |
| Market value of equity / total liabilities | 20.27 | — | 12.16 | |
| Sales / total assets | 0.42 | — | 0.42 | |
| Altman Z-score | Safe zone | 7.86 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −13.59 | ||
Z and Z″ put Scage Future - Unsponsored ADR 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 |
|---|---|
| GENC Gencor Industries Inc. compare | 15.0× |
| SCAG Scage Future - Unsponsored ADR | 7.9× |
| ARTW Art's-Way Manufacturing Co., Inc. compare | 2.8× |
| BNC BNB Standard Corporation compare | 1.4× |
| LEVGQ The Lion Electric Company compare | 0.2× |
| GP GreenPower Motor Company Inc. compare | −3.9× |
| XOS Xos, Inc. compare | −5.6× |
| HCAI Huachen AI Parking Management Technology Holding Co., Ltd compare | −6.7× |
| HYFM Hydrofarm Holdings Group, Inc. compare | −16.7× |
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