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JOE (The St. Joe Co) Altman Z-Score : 3.18 (As of Oct. 31, 2024)


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What is The St. Joe Co Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 3.19 is strong.

The St. Joe Co has a Altman Z-Score of 3.18, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for The St. Joe Co's Altman Z-Score or its related term are showing as below:

JOE' s Altman Z-Score Range Over the Past 10 Years
Min: 2.32   Med: 3.17   Max: 5.73
Current: 3.19

During the past 13 years, The St. Joe Co's highest Altman Z-Score was 5.73. The lowest was 2.32. And the median was 3.17.


The St. Joe Co Altman Z-Score Historical Data

The historical data trend for The St. Joe Co's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The St. Joe Co Altman Z-Score Chart

The St. Joe Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.77 4.11 4.16 2.52 3.51

The St. Joe Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.19 3.51 3.42 3.27 3.46

Competitive Comparison of The St. Joe Co's Altman Z-Score

For the Real Estate - Diversified subindustry, The St. Joe Co's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The St. Joe Co's Altman Z-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The St. Joe Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where The St. Joe Co's Altman Z-Score falls into.



The St. Joe Co Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The St. Joe Co's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0325+1.4*0.2869+3.3*0.0804+0.6*3.7001+1.0*0.2492
=3.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Sep. 2024:
Total Assets was $1,545.6 Mil.
Total Current Assets was $156.2 Mil.
Total Current Liabilities was $106.0 Mil.
Retained Earnings was $443.4 Mil.
Pre-Tax Income was 23.058 + 32.825 + 17.751 + 16.334 = $90.0 Mil.
Interest Expense was -8.384 + -8.519 + -8.553 + -8.791 = $-34.2 Mil.
Revenue was 99.011 + 111.606 + 87.787 + 86.738 = $385.1 Mil.
Market Cap (Today) was $3,019.1 Mil.
Total Liabilities was $816.0 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(156.225 - 105.995)/1545.571
=0.0325

X2=Retained Earnings/Total Assets
=443.449/1545.571
=0.2869

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(89.968 - -34.247)/1545.571
=0.0804

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3019.149/815.965
=3.7001

X5=Revenue/Total Assets
=385.142/1545.571
=0.2492

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

The St. Joe Co has a Altman Z-Score of 3.18 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


The St. Joe Co  (NYSE:JOE) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


The St. Joe Co Altman Z-Score Related Terms

Thank you for viewing the detailed overview of The St. Joe Co's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


The St. Joe Co Business Description

Traded in Other Exchanges
Address
130 Richard Jackson Boulevard, Suite 200, Panama City Beach, FL, USA, 32407
The St. Joe Co is a real estate development, asset management, and operating company and it has three operating segments; the Residential segment plans and develops residential communities and sells homesites to homebuilders or retail consumers, the Hospitality segment features a private membership club (the Watersound Club), hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets, and Commercial segment include leasing of commercial property, multi-family, senior living, self-storage, and other assets and it also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
Executives
Fairholme Funds Inc 10 percent owner 5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
Jorge Luis Gonzalez officer: Sr Vice President-Development 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32461
Marek Bakun officer: Chief Financial Officer 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Elizabeth J Walters officer: SVP, GC & Corporate Secretary 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32641
Rhea Goff officer: SVP & Chief Admin. Officer 133 S WATERSOUND PARKWAY, WATERSOUND FL 32461
Howard S Frank director
Kenneth Borick officer: SVP, General Counsel 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Cesar L Alvarez director C/O PEDIATRIX MEDICAL GROUP, LEGAL DEPT 1301- CONCORD TERRACE, SUNRISE FL 33323
Patrick Wayne Murphy officer: SVP, Operations 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Fairholme Capital Management Llc 10 percent owner 5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
James S Hunt director 300 N. BEACH STREET, DAYTONA BEACH FL 32114
Susan D Mermer officer: Chief Accounting Officer 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Vito S Portera director 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
David Harrelson officer: Vice President, Timberland 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Joanne Kay Viard officer: Chief Accounting Officer 133 S. WATERSOUND PARKWAY, WATERSOUND FL 32413