Srinanaporn Marketing PCL (BKK:SNNP) Altman Z2-Score: 1.83 (As of Aug. 31, 2026) — 60% Below Median

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BKK:SNNP Srinanaporn Marketing PCL BKK:SNNP
72 GF Score
Price ฿6.75
GF Value ฿11.67
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Srinanaporn Marketing PCL Altman Z2-Score?

Srinanaporn Marketing PCL BKK:SNNP 72 Altman Z2-Score is 1.83 as of Aug. 31, 2026, which is 60% below its 10-year median of 4.57. GuruFocus rates BKK:SNNP with a GF Score™ of 72/100 and a GF Value™ of ฿11.67 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,745 Consumer Packaged Goods companies, Srinanaporn Marketing PCL ranks worse than 70.6% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Srinanaporn Marketing PCL has a Altman Z2-Score of 1.83, indicating it is in Grey Zones. This implies that Srinanaporn Marketing PCL is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Srinanaporn Marketing PCL's Altman Z2-Score or its related term are showing as below:

BKK:SNNP' s Altman Z2-Score Range Over the Past 10 Years
Min: -1.35   Med: 4.57   Max: 5.6
Current: 1.83

During the past 7 years, Srinanaporn Marketing PCL's highest Altman Z2-Score was 5.60. The lowest was -1.35. And the median was 4.57.


Srinanaporn Marketing PCL  (BKK:SNNP) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Srinanaporn Marketing PCL Altman Z2-Score Related Terms


Srinanaporn Marketing PCL Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Srinanaporn Marketing PCL's Altman Z2-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.

Srinanaporn Marketing PCL Altman Z2-Score Chart

Srinanaporn Marketing PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial 5.27 4.41 4.98 4.83 2.62

Srinanaporn Marketing PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z2-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 2.77 2.57 2.62 2.54 1.83

BKK:SNNP vs KHC, GIS: Altman Z2-Score Comparison

For the Packaged Foods subindustry, Srinanaporn Marketing PCL's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.


Srinanaporn Marketing PCL Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Srinanaporn Marketing PCL's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Srinanaporn Marketing PCL's Altman Z2-Score falls into.


BKK:SNNP
72GF Score
Srinanaporn Marketing PCL BKK:SNNP
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Srinanaporn Marketing PCL Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Srinanaporn Marketing PCL's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.0794+3.26*0.015+6.72*0.0827+1.05*0.6719
=1.83

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2026:
Total Assets was ฿5,891 Mil.
Total Current Assets was ฿3,311 Mil.
Total Current Liabilities was ฿2,844 Mil.
Retained Earnings was ฿88 Mil.
Pre-Tax Income was 91.798 + 72.808 + 125.837 + 148.113 = ฿439 Mil.
Interest Expense was -11.616 + -11.869 + -12.594 + -12.521 = ฿-49 Mil.
Total Liabilities was ฿3,388 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
=(3311.202 - 2843.578)/5891.018
=0.0794

X2=Retained Earnings/Total Assets
=88.404/5891.018
=0.015

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(438.556 - -48.6)/5891.018
=0.0827

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(2276.686 - 0)/3388.207
=0.6719

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Srinanaporn Marketing PCL has a Altman Z2-Score of 1.83 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.83 mean?
Srinanaporn Marketing PCL (BKK:SNNP) has a Altman Z2-Score of 1.83 as of Aug. 31, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Srinanaporn Marketing PCL and its competitors. This is 60% below median its historical median of 4.57. According to the industry distribution chart, Srinanaporn Marketing PCL ranks #1232 out of 1745 companies in the Consumer Packaged Goods industry, placing it in the top 70.6%.
Is Srinanaporn Marketing PCL's Altman Z2-Score too high?
Srinanaporn Marketing PCL's current Altman Z2-Score of 1.83 is 60% below median its 10-year median of 4.57. The Consumer Packaged Goods industry median Altman Z2-Score is 3.72. Srinanaporn Marketing PCL's value of 1.83 is 50.8% below this industry median. Based on the distribution chart, Srinanaporn Marketing PCL ranks #1232 out of 1745 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Srinanaporn Marketing PCL has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Srinanaporn Marketing PCL's Altman Z2-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Srinanaporn Marketing PCL ranks #1232 out of 1745 companies for Altman Z2-Score. This places Srinanaporn Marketing PCL in the lower half of its industry. The industry median Altman Z2-Score is 3.72. Srinanaporn Marketing PCL's value of 1.83 is 50.8% below this benchmark. While the company's 10-year median is 4.57 vs. the industry median of 3.72, Srinanaporn Marketing PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.72, based on 1,745 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Srinanaporn Marketing PCL's current Altman Z2-Score of 1.83 is 50.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Srinanaporn Marketing PCL and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Srinanaporn Marketing PCL's current Altman Z2-Score is 1.83, which is 60% below median its own 10-year median of 4.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Srinanaporn Marketing PCL stock overvalued right now?
Based on GuruFocus' analysis, Srinanaporn Marketing PCL (BKK:SNNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿11.67, compared to a current price of ฿6.75 — trading 42.2% below its estimated fair value. The current Altman Z2-Score is 1.83, which is 60% below median its 10-year median of 4.57 and 50.8% below the Consumer Packaged Goods industry median of 3.72. Srinanaporn Marketing PCL's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Srinanaporn Marketing PCL (BKK:SNNP), the current Altman Z2-Score is 1.83 as of Aug. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Srinanaporn Marketing PCL (BKK:SNNP) Overvalued in 2026?

Based on GuruFocus' analysis, Srinanaporn Marketing PCL stock appears to be undervalued. The current stock price of ฿6.75 is trading 42.2% below its estimated GF Value™ of ฿11.67. GuruFocus considers Srinanaporn Marketing PCL to be Significantly Undervalued.

Key valuation signals for BKK:SNNP:

  • Altman Z2-Score: 1.83 (60% below median its 10-year median of 4.57)
  • GF Value™: ฿11.67 vs. price of ฿6.75 (42.2% below fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 50.8% below the Consumer Packaged Goods median (#1232 of 1745)

No single metric tells the full story. See the BKK:SNNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Srinanaporn Marketing PCL Business Description

Other Exchanges SNNP-R:Thailand
Address Lan Luang Road, No. 325/6-9 Soi Lan Luang 7, Mahanak Square, Si Yaek Maha Nak Subdistrict, Dusit District, Bangkok, THA, 10300
Srinanaporn Marketing PCL is engaged in the business of production and distribution of beverages and snacks such as ready-to-drink jelly and jelly carrageenan product line under the Jele brand, cuttle fish snack product line under the Bento brand, and extruded biscuit and bread stick product line under the Dorkbua Lotus brand. The company's operating segments include Manufacturing and distributing beverages, and Manufacturing and distributing snacks. It generates maximum revenue from the Manufacturing and distributing snacks segment.
72GF Score

Get the complete analysis for BKK:SNNP

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿6.75
Price
฿11.67
GF Value