WANG & LEE GROUP, Inc.
WLGSF Industrials Engineering & Construction
WANG & LEE GROUP, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $4.0 million, down 42.1% from fiscal 2023.
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WANG & LEE GROUP, Inc. (WLGSF) Altman Z-score
WANG & LEE GROUP, Inc.'s Altman Z-score for fiscal 2024 is 767.91, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | 767.91 | 502.30 |
| FY2023 | 265.61 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.24 | — | 0.29 | |
| Retained earnings / total assets | (0.62) | — | −0.87 | |
| EBIT / total assets | (0.29) | — | −0.96 | |
| Market value of equity / total liabilities | 1,281.68 | — | 769.01 | |
| Sales / total assets | 0.45 | — | 0.45 | |
| Altman Z-score | Safe zone | 767.91 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.72 | ||
Z and Z″ put WANG & LEE GROUP, 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 |
|---|---|
| WLGSF WANG & LEE GROUP, Inc. | 768× |
| MGN Megan Holdings Limited compare | 51.6× |
| FGL Founder Group Limited compare | 8.5× |
| FBGL FBS Global Limited compare | 1.8× |
| MSGY Masonglory Limited compare | 1.2× |
| RITRF Reitar Logtech Holdings Limited compare | 0.0× |
| ZDAI DirectBooking Technology Co., Ltd. compare | −1.1× |
| OFAL OFA Group compare | −1.5× |
| AXNX Mint Incorporation Limited compare | −6.5× |
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