Lee Chi Enterprises Co (TPE:1517) Altman Z2-Score: 9.01 (As of Jul. 12, 2026) — 46% Above Median


TPE:1517 Lee Chi Enterprises Co Ltd TPE:1517
66 GF Score
Price NT$10.70
GF Value NT$10.66
Valuation Fairly Valued
! 2 Warning Signs
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What is Lee Chi Enterprises Co Altman Z2-Score?

Lee Chi Enterprises Co TPE:1517 66 Altman Z2-Score is 9.01 as of Jul. 12, 2026, which is 46% above its 10-year median of 6.19. GuruFocus rates TPE:1517 with a GF Score™ of 66/100 and a GF Value™ of NT$10.66 (Fairly Valued). The stock has 2 warning signs investors should review. Among 3,039 Industrial Products companies, Lee Chi Enterprises Co ranks better than 86.31% 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:

Lee Chi Enterprises Co has a Altman Z2-Score of 9.01, 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 Lee Chi Enterprises Co's Altman Z2-Score or its related term are showing as below:

TPE:1517' s Altman Z2-Score Range Over the Past 10 Years
Min: 5.83   Med: 6.19   Max: 9.81
Current: 9.01

During the past 13 years, Lee Chi Enterprises Co's highest Altman Z2-Score was 9.81. The lowest was 5.83. And the median was 6.19.


Lee Chi Enterprises Co  (TPE:1517) 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.


Lee Chi Enterprises Co Altman Z2-Score Related Terms


Lee Chi Enterprises Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Lee Chi Enterprises 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.

Lee Chi Enterprises Co Altman Z2-Score Chart

Lee Chi Enterprises Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.32 8.69 9.81 8.49 9.01

Lee Chi Enterprises Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 8.49 9.08 8.42 8.55 9.01

TPE:1517 vs CRS, ATI, MLI: Altman Z2-Score Comparison

For the Metal Fabrication subindustry, Lee Chi Enterprises 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.


Lee Chi Enterprises Co Altman Z2-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lee Chi Enterprises Co's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Lee Chi Enterprises Co's Altman Z2-Score falls into.


TPE:1517
66GF Score
Lee Chi Enterprises Co Ltd TPE:1517
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lee Chi Enterprises 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.

Lee Chi Enterprises 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*0.5608+3.26*0.1722+6.72*-0.0448+1.05*4.8258
=9.01

* 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$4,220 Mil.
Total Current Assets was NT$2,899 Mil.
Total Current Liabilities was NT$533 Mil.
Retained Earnings was NT$727 Mil.
Pre-Tax Income was -10.562 + -19.071 + -174.199 + 14.603 = NT$-189 Mil.
Interest Expense was -0.012 + -0.082 + -0.052 + 0 = NT$-0 Mil.
Total Liabilities was NT$708 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
=(2899.06 - 532.681)/4219.584
=0.5608

X2=Retained Earnings/Total Assets
=726.566/4219.584
=0.1722

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-189.229 - -0.146)/4219.584
=-0.0448

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(3414.561 - 0)/707.567
=4.8258

The zones of discrimination were as such:

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

Lee Chi Enterprises Co has a Altman Z2-Score of 9.01 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 9.01 mean?
Lee Chi Enterprises Co (TPE:1517) has a Altman Z2-Score of 9.01 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 Lee Chi Enterprises Co and its competitors. This is 46% above median its historical median of 6.19. Over the past decade, Lee Chi Enterprises Co's Altman Z2-Score has ranged from 5.83 to 9.81. According to the industry distribution chart, Lee Chi Enterprises Co ranks #416 out of 3039 companies in the Industrial Products industry, placing it in the top 13.7%.
Is Lee Chi Enterprises Co's Altman Z2-Score too high?
Lee Chi Enterprises Co's current Altman Z2-Score of 9.01 is 46% above median its 10-year median of 6.19. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 9.81. The Industrial Products industry median Altman Z2-Score is 4.28. Lee Chi Enterprises Co's value of 9.01 is 110.5% above this industry median. Based on the distribution chart, Lee Chi Enterprises Co ranks #416 out of 3039 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Lee Chi Enterprises Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lee Chi Enterprises Co's Altman Z2-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Lee Chi Enterprises Co ranks #416 out of 3039 companies for Altman Z2-Score. This places Lee Chi Enterprises Co in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.28. Lee Chi Enterprises Co's value of 9.01 is 110.5% above this benchmark. Historically, Lee Chi Enterprises Co's own Altman Z2-Score has ranged from 5.83 to 9.81 over the past decade. While the company's 10-year median is 6.19 vs. the industry median of 4.28, Lee Chi Enterprises 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 an Industrial Products company?
The median Altman Z2-Score among Industrial Products companies is 4.28, based on 3,039 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. Lee Chi Enterprises Co's current Altman Z2-Score of 9.01 is 110.5% 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 Lee Chi Enterprises Co and its competitors. For the Industrial Products industry, the median Altman Z2-Score is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lee Chi Enterprises Co's current Altman Z2-Score is 9.01, which is 46% above median its own 10-year median of 6.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee Chi Enterprises Co stock overvalued right now?
Based on GuruFocus' analysis, Lee Chi Enterprises Co (TPE:1517) is currently considered Fairly Valued. The stock's GF Value™ is NT$10.66, compared to a current price of NT$10.70 — trading 0.4% above its estimated fair value. The current Altman Z2-Score is 9.01, which is 46% above median its 10-year median of 6.19 and 110.5% above the Industrial Products industry median of 4.28. Lee Chi Enterprises Co's overall GF Score™ is 66/100 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 Lee Chi Enterprises Co (TPE:1517), the current Altman Z2-Score is 9.01 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.

Is Lee Chi Enterprises Co (TPE:1517) Overvalued in 2026?

Based on GuruFocus' analysis, Lee Chi Enterprises Co stock appears to be overvalued. The current stock price of NT$10.70 is trading 0.4% above its estimated GF Value™ of NT$10.66. GuruFocus considers Lee Chi Enterprises Co to be Fairly Valued.

Key valuation signals for TPE:1517:

  • Altman Z2-Score: 9.01 (46% above median its 10-year median of 6.19)
  • GF Value™: NT$10.66 vs. price of NT$10.70 (0.4% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 110.5% above the Industrial Products median (#416 of 3039)

No single metric tells the full story. See the TPE:1517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lee Chi Enterprises Co Business Description

Address No. 112 , Secto 1, Shipai Road, Changhua City, Changhua County, TWN, 500
Lee Chi Enterprises Co Ltd is engaged in the manufacture and sale of bicycle components and general machinery. The firm also processes and manufactures general machinery. Its segment include: the Domestic Operations segment for products manufactured and sold in Taiwan; Operations in Asia include Products made and marketed in China; the Operations in Americas include products of high-class bikes designed, developed, and sold in America; and the Other segment includes domestic and international business investments, venture capital firms, and domestic general investment. The company derives maximum revenue from Domestic operations Segment.
66GF Score

Get the complete analysis for TPE:1517

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

NT$10.70
Price
NT$10.66
GF Value