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Yun Lee Marine Group Holdings (HKSE:02682) Altman Z2-Score : 5.41 (As of Dec. 15, 2024)


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What is Yun Lee Marine Group Holdings Altman Z2-Score?

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:

Yun Lee Marine Group Holdings has a Altman Z2-Score of 5.41, 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 Yun Lee Marine Group Holdings's Altman Z2-Score or its related term are showing as below:

HKSE:02682' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.35   Med: 7.64   Max: 11.34
Current: 5.41

During the past 9 years, Yun Lee Marine Group Holdings's highest Altman Z2-Score was 11.34. The lowest was 4.35. And the median was 7.64.


Yun Lee Marine Group Holdings Altman Z2-Score Historical Data

The historical data trend for Yun Lee Marine Group Holdings'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.

* Premium members only.

Yun Lee Marine Group Holdings Altman Z2-Score Chart

Yun Lee Marine Group Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only 10.49 9.80 7.64 10.13 5.41

Yun Lee Marine Group Holdings Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - 10.13 - 5.41 -

Competitive Comparison of Yun Lee Marine Group Holdings's Altman Z2-Score

For the Marine Shipping subindustry, Yun Lee Marine Group Holdings'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.


Yun Lee Marine Group Holdings's Altman Z2-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yun Lee Marine Group Holdings's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Yun Lee Marine Group Holdings's Altman Z2-Score falls into.



Yun Lee Marine Group Holdings 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.

Yun Lee Marine Group Holdings'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*0.2897+3.26*0.356+6.72*0.0801+1.05*1.7247
=5.41

* 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 Mar. 2024:
Total Assets was HK$442.9 Mil.
Total Current Assets was HK$259.8 Mil.
Total Current Liabilities was HK$131.5 Mil.
Retained Earnings was HK$157.7 Mil.
Pre-Tax Income was HK$34.6 Mil.
Interest Expense was HK$-0.8 Mil.
Total Liabilities was HK$153.6 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
=(259.827 - 131.522)/442.882
=0.2897

X2=Retained Earnings/Total Assets
=157.686/442.882
=0.356

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(34.631 - -0.824)/442.882
=0.0801

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(264.973 - 0)/153.638
=1.7247

The zones of discrimination were as such:

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

Yun Lee Marine Group Holdings has a Altman Z2-Score of 5.41 indicating it is in Safe Zones.


Yun Lee Marine Group Holdings  (HKSE:02682) 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.


Yun Lee Marine Group Holdings Altman Z2-Score Related Terms

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Yun Lee Marine Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
10 Cheung Yue Street, Flat D, 31st Floor, Billion Plaza II, Kowloon, Cheung Sha Wan, Hong Kong, HKG
Yun Lee Marine Group Holdings Ltd is a maritime services provider. The company's operating segment includes Vessel chartering and related services, Marine construction services and Ship management services. It generates maximum revenue from the Vessel chartering and related services segment. Vessel chartering and related services segment provide vessel chartering services mainly to contractors for construction projects in Hong Kong, including time chartering representing the hiring of vessel and crew for a specific period of time and voyage chartering representing the hiring of vessel and crew for a specific voyage between two designated locations. The Company provides ship management services for the provision of crew members for daily operation and the repair and maintenance services.
Executives
Kitling Investments (bvi) Limited 2101 Beneficial owner
Chan Sau Ling Amy 2202 Interest of your spouse
Wen Tsz Kit Bondy 2201 Interest of corporation controlled by you
Novel Choice Ventures Limited 2101 Beneficial owner
Tang Yiu Chi James 2201 Interest of corporation controlled by you

Yun Lee Marine Group Holdings Headlines

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