HeXun Biosciences Co (ROCO:6986) Altman Z2-Score: 13.81 (As of Jul. 12, 2026) — 101% Above Median


ROCO:6986 HeXun Biosciences Co Ltd ROCO:6986
23 GF Score
Price NT$47.00
! 1 Warning Sign
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What is HeXun Biosciences Co Altman Z2-Score?

HeXun Biosciences Co ROCO:6986 23 Altman Z2-Score is 13.81 as of Jul. 12, 2026, which is 101% above its 10-year median of 6.88. GuruFocus rates ROCO:6986 with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 1,392 Biotechnology companies, HeXun Biosciences Co ranks better than 88% 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:

HeXun Biosciences Co has a Altman Z2-Score of 13.81, 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 HeXun Biosciences Co's Altman Z2-Score or its related term are showing as below:

ROCO:6986' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.18   Med: 6.88   Max: 13.81
Current: 13.81

During the past 6 years, HeXun Biosciences Co's highest Altman Z2-Score was 13.81. The lowest was 2.18. And the median was 6.88.


HeXun Biosciences Co  (ROCO:6986) 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.


HeXun Biosciences Co Altman Z2-Score Related Terms


HeXun Biosciences Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for HeXun Biosciences 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.

HeXun Biosciences Co Altman Z2-Score Chart

HeXun Biosciences Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial 2.18 5.53 8.23 12.48 13.81

HeXun Biosciences Co Quarterly Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 12.48 12.53 13.83 13.81

ROCO:6986 vs VRTX, REGN, ALNY: Altman Z2-Score Comparison

For the Biotechnology subindustry, HeXun Biosciences 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.


HeXun Biosciences Co Altman Z2-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, HeXun Biosciences Co's Altman Z2-Score distribution charts can be found below:

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


ROCO:6986
23GF Score
HeXun Biosciences Co Ltd ROCO:6986
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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HeXun Biosciences 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.

HeXun Biosciences 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*0.6535+3.26*0.1699+6.72*0.1206+1.05*7.768
=13.81

* 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 Dec. 2025:
Total Assets was NT$837.1 Mil.
Total Current Assets was NT$609.6 Mil.
Total Current Liabilities was NT$62.5 Mil.
Retained Earnings was NT$142.2 Mil.
Pre-Tax Income was 39.67 + 15.382 + 0 + 45.097 = NT$100.1 Mil.
Interest Expense was -0.278 + -0.27 + 0 + -0.273 = NT$-0.8 Mil.
Total Liabilities was NT$95.5 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
=(609.605 - 62.544)/837.065
=0.6535

X2=Retained Earnings/Total Assets
=142.183/837.065
=0.1699

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(100.149 - -0.821)/837.065
=0.1206

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(741.597 - 0)/95.468
=7.768

The zones of discrimination were as such:

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

HeXun Biosciences Co has a Altman Z2-Score of 13.81 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 13.81 mean?
HeXun Biosciences Co (ROCO:6986) has a Altman Z2-Score of 13.81 as of Jul. 12, 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 HeXun Biosciences Co and its competitors. This is 101% above median its historical median of 6.88. Over the past decade, HeXun Biosciences Co's Altman Z2-Score has ranged from 2.18 to 13.81. According to the industry distribution chart, HeXun Biosciences Co ranks #167 out of 1392 companies in the Biotechnology industry, placing it in the top 12%.
Is HeXun Biosciences Co's Altman Z2-Score too high?
HeXun Biosciences Co's current Altman Z2-Score of 13.81 is 101% above median its 10-year median of 6.88. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 13.81. Based on the distribution chart, HeXun Biosciences Co ranks #167 out of 1392 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, HeXun Biosciences Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does HeXun Biosciences Co's Altman Z2-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, HeXun Biosciences Co ranks #167 out of 1392 companies for Altman Z2-Score. This places HeXun Biosciences Co in the top 12% of its industry — outperforming the majority of peers. Historically, HeXun Biosciences Co's own Altman Z2-Score has ranged from 2.18 to 13.81 over the past decade. 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 Biotechnology company?
A good Altman Z2-Score depends on the Biotechnology industry context. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 HeXun Biosciences Co and its competitors. HeXun Biosciences Co's current Altman Z2-Score is 13.81, which is 101% above median its own 10-year median of 6.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HeXun Biosciences Co stock overvalued right now?
HeXun Biosciences Co (ROCO:6986) has a current Altman Z2-Score of 13.81. The current Altman Z2-Score is 13.81, which is 101% above median its 10-year median of 6.88. HeXun Biosciences Co's overall GF Score™ is 23/100 with 1 warning sign 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 HeXun Biosciences Co (ROCO:6986), the current Altman Z2-Score is 13.81 as of Jul. 12, 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.

HeXun Biosciences Co Business Description

Address Chunri Road, 6 F., No. 1490, Taoyuan District, Taoyuan, TWN
HeXun Biosciences Co Ltd is engaged in the research and development of cell drugs and cell derivatives. It conducts research and development jointly with medical research institutions to use stem cells to treat cardiovascular, immune-inflammatory, and neurodegenerative diseases to develop innovative cell drugs and treatment methods. The company's main business items are new drug research and development, biotechnology services, and research and development services, such as: commissioned research and development and production services for cell medicine, agency testing and development services, and biomedical consulting services, etc.
23GF Score

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