China Dongxiang (Group) CoCDGXY -8.35%49 Altman Z2-Score is 14.97 as of Jun. 26, 2026, which is 9% above its 10-year median of 13.70. GuruFocus rates CDGXY with a GF Score™ of 49/100 and a GF Value™ of $2.76. The stock has 2 warning signs investors should review. Among 1,058 Manufacturing - Apparel & Accessories companies, China Dongxiang (Group) Co ranks better than 96.22% 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.
Good Sign:
China Dongxiang (Group) Co has a Altman Z2-Score of 14.97, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
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 China Dongxiang (Group) Co's Altman Z2-Score or its related term are showing as below:
CDGXY'
s Altman Z2-Score Range Over the Past 10 Years
Min: 7.46 Med: 13.7 Max: 18.9
Current: 17.2
During the past 13 years, China Dongxiang (Group) Co's highest Altman Z2-Score was 18.90. The lowest was 7.46. And the median was 13.70.
China Dongxiang (Group) Co (OTCPK:CDGXY) 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.
* 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.
CDGXY vs RL, LEVI, VFC: Altman Z2-Score Comparison
For the Apparel Manufacturing subindustry, China Dongxiang (Group) Co'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.
China Dongxiang (Group) Co Altman Z2-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where China Dongxiang (Group) Co's Altman Z2-Score falls into.
China Dongxiang (Group) Co 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.
* 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.
China Dongxiang (Group) Co (CDGXY) has a Altman Z2-Score of 14.97 as of Jun. 26, 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 China Dongxiang (Group) Co and its competitors. This is near median its historical median of 13.70. Over the past decade, China Dongxiang (Group) Co's Altman Z2-Score has ranged from 7.46 to 18.90. According to the industry distribution chart, China Dongxiang (Group) Co ranks #40 out of 1058 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.8%.
Is China Dongxiang (Group) Co's Altman Z2-Score too high?
China Dongxiang (Group) Co's current Altman Z2-Score of 14.97 is near median its 10-year median of 13.70. Over the past 10 years, this metric has ranged from a low of 7.46 to a high of 18.90. The Manufacturing - Apparel & Accessories industry median Altman Z2-Score is 3.56. China Dongxiang (Group) Co's value of 14.97 is 321.1% above this industry median. Based on the distribution chart, China Dongxiang (Group) Co ranks #40 out of 1058 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, China Dongxiang (Group) Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does China Dongxiang (Group) Co's Altman Z2-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, China Dongxiang (Group) Co ranks #40 out of 1058 companies for Altman Z2-Score. This places China Dongxiang (Group) Co in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.56. China Dongxiang (Group) Co's value of 14.97 is 321.1% above this benchmark. Historically, China Dongxiang (Group) Co's own Altman Z2-Score has ranged from 7.46 to 18.90 over the past decade. While the company's 10-year median is 13.70 vs. the industry median of 3.56, China Dongxiang (Group) Co has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Altman Z2-Score among Manufacturing - Apparel & Accessories companies is 3.56, based on 1,058 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. China Dongxiang (Group) Co's current Altman Z2-Score of 14.97 is 321.1% above 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 China Dongxiang (Group) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z2-Score is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Dongxiang (Group) Co's current Altman Z2-Score is 14.97, which is near median its own 10-year median of 13.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Dongxiang (Group) Co stock overvalued right now?
China Dongxiang (Group) Co (CDGXY) has a current Altman Z2-Score of 14.97. The stock's GF Value™ is $2.76, compared to a current price of $2.47 — trading 10.3% below its estimated fair value. The current Altman Z2-Score is 14.97, which is near median its 10-year median of 13.70 and 321.1% above the Manufacturing - Apparel & Accessories industry median of 3.56. China Dongxiang (Group) Co's overall GF Score™ is 49/100 with 2 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 China Dongxiang (Group) Co (CDGXY), the current Altman Z2-Score is 14.97 as of Jun. 26, 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 China Dongxiang (Group) Co (CDGXY) Overvalued in 2026?
Based on GuruFocus' analysis, China Dongxiang (Group) Co stock appears to be undervalued.
The current stock price of $2.47 is trading 10.3% below its estimated GF Value™ of $2.76.
Key valuation signals for CDGXY:
Altman Z2-Score: 14.97 (near median its 10-year median of 13.70)
GF Value™: $2.76 vs. price of $2.47 (10.3% below fair value)
Industry Position: 321.1% above the Manufacturing - Apparel & Accessories median (#40 of 1058)
No single metric tells the full story. See the CDGXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through company-operated retail stores and outlets in China, as well as through its e-commerce channel. It has two segments: China Sporting Goods and Investment. The China Sporting Goods segment engages in the distribution and retail sales of sports apparel under the Kappa brand and the Phenix brand, as well as the franchise fee income from such trademarks for certain products.
49GF Score
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