Stop the presses? German-based package printing company Heidelberger Druckmaschinen AG’s FRISK® score has sunk to a "1" in 2020:
This High Risk Report will explore the elements which have sunk Heidelberger Druckmaschinen AG’s FRISK® score and how we think our clients should proceed. The average probability of failure for SIC code 3555 (Printing trades machinery and equipment) has increased by 91% since 2007 and the start of the Great Recession. Heidelberger Druckmaschinen AG is among the weakest names in the industry.
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About High Risk Reports
Our High Risk Reports feature companies that are exhibiting a significantly high level of financial distress, as indicated by our proprietary FRISK® score.
The reports highlight the factors that have pushed a company's score lower on the "1" (worst) to "10" (best) FRISK® score, which is 96% accurate in predicting bankruptcy over a 12-month period. The High Risk Reports also includes analysis on financial indicators such as the company’s DBT index, stock performance, financial ratios and how it is performing relative to its industry peers.
The ultimate goal of the High Risk Report series is two-part: provide an early warning for those doing business with an increasingly distressed company and inform of the many signals that should be examined when assessing financial risks.