Quantum Foods Holdings (JSE:QFH) Altman Z2-Score: 6.28 (As of Jul. 17, 2026) — Near Median

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JSE:QFH Quantum Foods Holdings Ltd JSE:QFH
76 GF Score
Price R9.15
GF Value R8.38
Valuation Fairly Valued
! 4 Warning Signs
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What is Quantum Foods Holdings Altman Z2-Score?

Quantum Foods Holdings JSE:QFH 76 Altman Z2-Score is 6.28 as of Jul. 17, 2026, which is 2% above its 10-year median of 6.14. GuruFocus rates JSE:QFH with a GF Score™ of 76/100 and a GF Value™ of R8.38 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,965 Consumer Packaged Goods companies, Quantum Foods Holdings ranks better than 72.52% 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:

Quantum Foods Holdings has a Altman Z2-Score of 6.28, 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 Quantum Foods Holdings's Altman Z2-Score or its related term are showing as below:

JSE:QFH' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.81   Med: 6.14   Max: 7.64
Current: 6.28

During the past 12 years, Quantum Foods Holdings's highest Altman Z2-Score was 7.64. The lowest was 4.81. And the median was 6.14.


Quantum Foods Holdings  (JSE:QFH) 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.


Quantum Foods Holdings Altman Z2-Score Related Terms


Quantum Foods Holdings Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Quantum Foods 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.

Quantum Foods Holdings Altman Z2-Score Chart

Quantum Foods Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.11 4.97 4.81 5.35 6.28

Quantum Foods Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.00 5.35 0.00 6.28 0.00

JSE:QFH vs ADM, BG, TSN: Altman Z2-Score Comparison

For the Farm Products subindustry, Quantum Foods 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.


Quantum Foods Holdings Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Quantum Foods Holdings's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Quantum Foods Holdings's Altman Z2-Score falls into.


JSE:QFH
76GF Score
Quantum Foods Holdings Ltd JSE:QFH
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Quantum Foods 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.

Quantum Foods 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*0.3447+3.26*0.2883+6.72*0.1126+1.05*2.216
=6.28

* 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 Sep. 2025:
Total Assets was R3,476 Mil.
Total Current Assets was R1,854 Mil.
Total Current Liabilities was R656 Mil.
Retained Earnings was R1,002 Mil.
Pre-Tax Income was R375 Mil.
Interest Expense was R-17 Mil.
Total Liabilities was R1,081 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
=(1853.935 - 655.636)/3475.893
=0.3447

X2=Retained Earnings/Total Assets
=1002.157/3475.893
=0.2883

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(374.862 - -16.561)/3475.893
=0.1126

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(2395.074 - 0)/1080.819
=2.216

The zones of discrimination were as such:

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

Quantum Foods Holdings has a Altman Z2-Score of 6.28 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.28 mean?
Quantum Foods Holdings (JSE:QFH) has a Altman Z2-Score of 6.28 as of Jul. 17, 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 Quantum Foods Holdings and its competitors. This is near median its historical median of 6.14. Over the past decade, Quantum Foods Holdings' Altman Z2-Score has ranged from 4.81 to 7.64. According to the industry distribution chart, Quantum Foods Holdings ranks #540 out of 1965 companies in the Consumer Packaged Goods industry, placing it in the top 27.5%.
Is Quantum Foods Holdings' Altman Z2-Score too high?
Quantum Foods Holdings' current Altman Z2-Score of 6.28 is near median its 10-year median of 6.14. Over the past 10 years, this metric has ranged from a low of 4.81 to a high of 7.64. The Consumer Packaged Goods industry median Altman Z2-Score is 3.73. Quantum Foods Holdings' value of 6.28 is 68.4% above this industry median. Based on the distribution chart, Quantum Foods Holdings ranks #540 out of 1965 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Quantum Foods Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Quantum Foods Holdings' Altman Z2-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Quantum Foods Holdings ranks #540 out of 1965 companies for Altman Z2-Score. This puts Quantum Foods Holdings in the upper half of its industry. The industry median Altman Z2-Score is 3.73. Quantum Foods Holdings' value of 6.28 is 68.4% above this benchmark. Historically, Quantum Foods Holdings' own Altman Z2-Score has ranged from 4.81 to 7.64 over the past decade. While the company's 10-year median is 6.14 vs. the industry median of 3.73, Quantum Foods Holdings 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.73, based on 1,965 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. Quantum Foods Holdings's current Altman Z2-Score of 6.28 is 68.4% 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 Quantum Foods Holdings and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quantum Foods Holdings's current Altman Z2-Score is 6.28, which is near median its own 10-year median of 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quantum Foods Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quantum Foods Holdings (JSE:QFH) is currently considered Fairly Valued. The stock's GF Value™ is R8.38, compared to a current price of R9.15 — trading 9.2% above its estimated fair value. The current Altman Z2-Score is 6.28, which is near median its 10-year median of 6.14 and 68.4% above the Consumer Packaged Goods industry median of 3.73. Quantum Foods Holdings' overall GF Score™ is 76/100 with 4 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 Quantum Foods Holdings (JSE:QFH), the current Altman Z2-Score is 6.28 as of Jul. 17, 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 Quantum Foods Holdings (JSE:QFH) Overvalued in 2026?

Based on GuruFocus' analysis, Quantum Foods Holdings stock appears to be overvalued. The current stock price of R9.15 is trading 9.2% above its estimated GF Value™ of R8.38. GuruFocus considers Quantum Foods Holdings to be Fairly Valued.

Key valuation signals for JSE:QFH:

  • Altman Z2-Score: 6.28 (near median its 10-year median of 6.14)
  • GF Value™: R8.38 vs. price of R9.15 (9.2% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 68.4% above the Consumer Packaged Goods median (#540 of 1965)

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


Quantum Foods Holdings Business Description

Address 11 Main Road, Wellington, WC, ZAF, 7655
Quantum Foods Holdings Ltd is a food manufacturing company. It is engaged in the feeds and poultry business, providing animal protein to selected South African and African markets. The company's segments include Eggs, Farming, Animal feeds, and other African countries. Quantum Foods comprises eggs, broiler and layer farming, and animal feeds in South Africa. The company derives the majority of its revenue from Animal feeds.
76GF Score

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

R9.15
Price
R8.38
GF Value