Financial Strength & Growth
| Piotroski F-Score | — | Altman Z (market) | 0.42 · distress |
| Altman Z′ (book) | 0.44 · distress | Beneish M-Score | — |
| Merton Distance-to-Default | 0.85σ | Merton PD (1y, risk-neutral) | 19.75% |
| ROIIC (3y) | — | ROIIC (5y) | −27.70% |
| Asset growth (1y) | −14.37% | | |
Distressed equity — a call option on the assets. The Merton model implies assets of $3.9b against the debt barrier; about 10% of the equity value is option time-value — a bet on recovery/survival — rather than net-asset backing. Structural decomposition of the calibrated equity (intrinsic = max(assets − PV(debt), 0)); display-only.
| CAGR | 3y | 5y | 10y | Consistency |
|---|
| Revenue | −4.17% | 2.53% | 6.40% | 63.64% |
| EPS | — | — | — | 45.45% |
| FCF | −4.96% | −0.22% | 13.26% | 80.00% |
Piotroski F-Score (0–9) and Altman Z are computed from the latest two fiscal years (market Z uses market cap, Z′ book equity). The Merton PD is risk-neutral — a model on a disclosed 4% risk-free rate, not a physical default rate. CAGRs anchor on exact fiscal years; consistency is the share of years with a YoY increase.
