VIA optronics AG Sponsored ADR
VIAOY Technology Electronic Components
VIA optronics AG Sponsored ADR’s revenue for fiscal 2022 (year ended December 2022) was $231.3 million. Revenue growth for five consecutive years.
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VIA optronics AG Sponsored ADR (VIAOY) Altman Z-score
VIA optronics AG Sponsored ADR's Altman Z-score for fiscal 2022 is 1.58, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | 1.58 | (0.33) |
| FY2021 | 1.92 | (1.19) |
| FY2020 | 3.11 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.25 | — | 0.30 | |
| Retained earnings / total assets | (0.28) | — | −0.39 | |
| EBIT / total assets | (0.05) | — | −0.17 | |
| Market value of equity / total liabilities | 0.42 | — | 0.25 | |
| Sales / total assets | 1.60 | — | 1.60 | |
| Altman Z-score | Distress zone | 1.58 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 1.07 | ||
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 |
|---|---|
| WETH Wetouch Technology Inc. compare | 5.4× |
| SELXF Semilux International Ltd. compare | 1.9× |
| VIAOY VIA optronics AG Sponsored ADR | 1.6× |
| MSAI MultiSensor AI Holdings, Inc. compare | −0.7× |
| OST Ostin Technology Group Co., Ltd. compare | −1.0× |
| NEON Neonode Inc. compare | −1.2× |
| GAUZ Gauzy Ltd. compare | −1.4× |
| MTEK Maris-Tech Ltd. compare | −4.4× |
| MMATQ Meta Materials Inc. compare | −39.2× |
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