Kingza International Co (ROCO:2751) Altman Z2-Score: 1.56 (As of Aug. 05, 2026) — 17% Above Median

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ROCO:2751 Kingza International Co Ltd ROCO:2751
53 GF Score
Price NT$51.70
GF Value NT$93.77
Valuation Possible Value Trap
! 3 Warning Signs
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What is Kingza International Co Altman Z2-Score?

Kingza International Co ROCO:2751 +0.19% 53 Altman Z2-Score is 1.56 as of Aug. 05, 2026, which is 17% above its 10-year median of 1.33. GuruFocus rates ROCO:2751 with a GF Score™ of 53/100 and a GF Value™ of NT$93.77 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 357 Restaurants companies, Kingza International Co ranks better than 55.74% 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.

Kingza International Co has a Altman Z2-Score of 1.56, indicating it is in Grey Zones. This implies that Kingza International Co 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 Kingza International Co's Altman Z2-Score or its related term are showing as below:

ROCO:2751' s Altman Z2-Score Range Over the Past 10 Years
Min: -1.65   Med: 1.33   Max: 3.61
Current: 1.56

During the past 8 years, Kingza International Co's highest Altman Z2-Score was 3.61. The lowest was -1.65. And the median was 1.33.


Kingza International Co  (ROCO:2751) 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.


Kingza International Co Altman Z2-Score Related Terms


Kingza International Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Kingza International Co'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.

Kingza International Co Altman Z2-Score Chart

Kingza International Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial -0.69 -0.01 2.82 3.56 1.61

Kingza International Co Quarterly Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.86 1.44 1.22 1.61 1.56

ROCO:2751 vs MCD, SBUX, YUM: Altman Z2-Score Comparison

For the Restaurants subindustry, Kingza International 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.


Kingza International Co Altman Z2-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kingza International Co's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Kingza International Co's Altman Z2-Score falls into.


ROCO:2751
53GF Score
Kingza International Co Ltd ROCO:2751
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kingza International 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.

Kingza International Co'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*0.0293+3.26*0.0269+6.72*0.1038+1.05*0.5515
=1.56

* 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. 2026:
Total Assets was NT$1,208 Mil.
Total Current Assets was NT$443 Mil.
Total Current Liabilities was NT$408 Mil.
Retained Earnings was NT$33 Mil.
Pre-Tax Income was 29.922 + 32.416 + 33.984 + 19.464 = NT$116 Mil.
Interest Expense was -2.512 + -2.887 + -2.683 + -1.547 = NT$-10 Mil.
Total Liabilities was NT$735 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
=(443.34 - 407.968)/1207.931
=0.0293

X2=Retained Earnings/Total Assets
=32.541/1207.931
=0.0269

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(115.786 - -9.629)/1207.931
=0.1038

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(405.384 - 0)/735.007
=0.5515

The zones of discrimination were as such:

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

Kingza International Co has a Altman Z2-Score of 1.56 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.56 mean?
Kingza International Co (ROCO:2751) has a Altman Z2-Score of 1.56 as of Aug. 05, 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 Kingza International Co and its competitors. This is 17% above median its historical median of 1.33. According to the industry distribution chart, Kingza International Co ranks #158 out of 357 companies in the Restaurants industry, placing it in the top 44.3%.
Is Kingza International Co's Altman Z2-Score too high?
Kingza International Co's current Altman Z2-Score of 1.56 is 17% above median its 10-year median of 1.33. The Restaurants industry median Altman Z2-Score is 1.31. Kingza International Co's value of 1.56 is 19.1% above this industry median. Based on the distribution chart, Kingza International Co ranks #158 out of 357 companies in the Restaurants industry, which is above the industry midpoint. Overall, Kingza International Co has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kingza International Co's Altman Z2-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Kingza International Co ranks #158 out of 357 companies for Altman Z2-Score. This puts Kingza International Co in the upper half of its industry. The industry median Altman Z2-Score is 1.31. Kingza International Co's value of 1.56 is 19.1% above this benchmark. While the company's 10-year median is 1.33 vs. the industry median of 1.31, Kingza International 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 Restaurants company?
The median Altman Z2-Score among Restaurants companies is 1.31, based on 357 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. Kingza International Co's current Altman Z2-Score of 1.56 is 19.1% 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 Kingza International Co and its competitors. For the Restaurants industry, the median Altman Z2-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kingza International Co's current Altman Z2-Score is 1.56, which is 17% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingza International Co stock overvalued right now?
Based on GuruFocus' analysis, Kingza International Co (ROCO:2751) is currently considered Possible Value Trap. The stock's GF Value™ is NT$93.77, compared to a current price of NT$51.70 — trading 44.9% below its estimated fair value. The current Altman Z2-Score is 1.56, which is 17% above median its 10-year median of 1.33 and 19.1% above the Restaurants industry median of 1.31. Kingza International Co's overall GF Score™ is 53/100 with 3 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 Kingza International Co (ROCO:2751), the current Altman Z2-Score is 1.56 as of Aug. 05, 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 Kingza International Co (ROCO:2751) Overvalued in 2026?

Based on GuruFocus' analysis, Kingza International Co stock appears to be undervalued. The current stock price of NT$51.70 is trading 44.9% below its estimated GF Value™ of NT$93.77. GuruFocus considers Kingza International Co to be Possible Value Trap.

Key valuation signals for ROCO:2751:

  • Altman Z2-Score: 1.56 (17% above median its 10-year median of 1.33)
  • GF Value™: NT$93.77 vs. price of NT$51.70 (44.9% below fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 19.1% above the Restaurants median (#158 of 357)

No single metric tells the full story. See the ROCO:2751 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kingza International Co Business Description

Address Keelung Road, 4th Floor - 2, No. 51, Section 2, Xinyi District, Taipei City, TWN
Kingza International Co Ltd provides a catering chain agency. Its principal business activities are the franchising of chain restaurants and the sale of related products. The company's revenue is mainly derived from the sale of food and beverages.
53GF Score

Get the complete analysis for ROCO:2751

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

NT$51.70
Price
NT$93.77
GF Value