VisDynamics Holdings Bhd (XKLS:0120) Altman Z2-Score: 6.46 (As of Jul. 02, 2026) — 43% Below Median


XKLS:0120 VisDynamics Holdings Bhd XKLS:0120
47 GF Score
Price RM0.36
GF Value RM0.21
Valuation Significantly Overvalued
! 2 Warning Signs
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What is VisDynamics Holdings Bhd Altman Z2-Score?

VisDynamics Holdings Bhd XKLS:0120 +18.33% 47 Altman Z2-Score is 6.46 as of Jul. 02, 2026, which is 43% below its 10-year median of 11.32. GuruFocus rates XKLS:0120 with a GF Score™ of 47/100 and a GF Value™ of RM0.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,019 Semiconductors companies, VisDynamics Holdings Bhd ranks better than 63.4% 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:

VisDynamics Holdings Bhd has a Altman Z2-Score of 6.46, 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 VisDynamics Holdings Bhd's Altman Z2-Score or its related term are showing as below:

XKLS:0120' s Altman Z2-Score Range Over the Past 10 Years
Min: 6.06   Med: 11.32   Max: 18.49
Current: 6.46

During the past 13 years, VisDynamics Holdings Bhd's highest Altman Z2-Score was 18.49. The lowest was 6.06. And the median was 11.32.


VisDynamics Holdings Bhd  (XKLS:0120) 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.


VisDynamics Holdings Bhd Altman Z2-Score Related Terms


VisDynamics Holdings Bhd Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for VisDynamics Holdings Bhd'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.

VisDynamics Holdings Bhd Altman Z2-Score Chart

VisDynamics Holdings Bhd Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.22 11.90 18.49 15.31 14.18

VisDynamics Holdings Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 15.97 13.56 14.18 7.75 6.46

XKLS:0120 vs AMAT, LRCX, KLAC: Altman Z2-Score Comparison

For the Semiconductor Equipment & Materials subindustry, VisDynamics Holdings Bhd'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.


VisDynamics Holdings Bhd Altman Z2-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, VisDynamics Holdings Bhd's Altman Z2-Score distribution charts can be found below:

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


XKLS:0120
47GF Score
VisDynamics Holdings Bhd XKLS:0120
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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VisDynamics Holdings Bhd 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.

VisDynamics Holdings Bhd'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*0.3828+3.26*0.3949+6.72*-0.0616+1.05*2.9259
=6.46

* 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 Apr. 2026:
Total Assets was RM67.27 Mil.
Total Current Assets was RM42.88 Mil.
Total Current Liabilities was RM17.14 Mil.
Retained Earnings was RM26.56 Mil.
Pre-Tax Income was 0.631 + -3.07 + 1.096 + -2.833 = RM-4.18 Mil.
Interest Expense was -0.006 + -0.009 + -0.007 + -0.007 = RM-0.03 Mil.
Total Liabilities was RM17.14 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
=(42.883 - 17.135)/67.27
=0.3828

X2=Retained Earnings/Total Assets
=26.564/67.27
=0.3949

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-4.176 - -0.029)/67.27
=-0.0616

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(50.135 - 0)/17.135
=2.9259

The zones of discrimination were as such:

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

VisDynamics Holdings Bhd has a Altman Z2-Score of 6.46 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.46 mean?
VisDynamics Holdings Bhd (XKLS:0120) has a Altman Z2-Score of 6.46 as of Jul. 02, 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 VisDynamics Holdings Bhd and its competitors. This is 43% below median its historical median of 11.32. Over the past decade, VisDynamics Holdings Bhd's Altman Z2-Score has ranged from 6.06 to 18.49. According to the industry distribution chart, VisDynamics Holdings Bhd ranks #373 out of 1019 companies in the Semiconductors industry, placing it in the top 36.6%.
Is VisDynamics Holdings Bhd's Altman Z2-Score too high?
VisDynamics Holdings Bhd's current Altman Z2-Score of 6.46 is 43% below median its 10-year median of 11.32. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 18.49. The Semiconductors industry median Altman Z2-Score is 4.88. VisDynamics Holdings Bhd's value of 6.46 is 32.4% above this industry median. Based on the distribution chart, VisDynamics Holdings Bhd ranks #373 out of 1019 companies in the Semiconductors industry, which is above the industry midpoint. Overall, VisDynamics Holdings Bhd has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VisDynamics Holdings Bhd's Altman Z2-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, VisDynamics Holdings Bhd ranks #373 out of 1019 companies for Altman Z2-Score. This puts VisDynamics Holdings Bhd in the upper half of its industry. The industry median Altman Z2-Score is 4.88. VisDynamics Holdings Bhd's value of 6.46 is 32.4% above this benchmark. Historically, VisDynamics Holdings Bhd's own Altman Z2-Score has ranged from 6.06 to 18.49 over the past decade. While the company's 10-year median is 11.32 vs. the industry median of 4.88, VisDynamics Holdings Bhd 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 Semiconductors company?
The median Altman Z2-Score among Semiconductors companies is 4.88, based on 1,019 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. VisDynamics Holdings Bhd's current Altman Z2-Score of 6.46 is 32.4% 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 VisDynamics Holdings Bhd and its competitors. For the Semiconductors industry, the median Altman Z2-Score is 4.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VisDynamics Holdings Bhd's current Altman Z2-Score is 6.46, which is 43% below median its own 10-year median of 11.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VisDynamics Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, VisDynamics Holdings Bhd (XKLS:0120) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.21, compared to a current price of RM0.36 — trading 69% above its estimated fair value. The current Altman Z2-Score is 6.46, which is 43% below median its 10-year median of 11.32 and 32.4% above the Semiconductors industry median of 4.88. VisDynamics Holdings Bhd's overall GF Score™ is 47/100 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 VisDynamics Holdings Bhd (XKLS:0120), the current Altman Z2-Score is 6.46 as of Jul. 02, 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 VisDynamics Holdings Bhd (XKLS:0120) Overvalued in 2026?

Based on GuruFocus' analysis, VisDynamics Holdings Bhd stock appears to be overvalued. The current stock price of RM0.36 is trading 69% above its estimated GF Value™ of RM0.21. GuruFocus considers VisDynamics Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0120:

  • Altman Z2-Score: 6.46 (43% below median its 10-year median of 11.32)
  • GF Value™: RM0.21 vs. price of RM0.36 (69% above fair value)
  • GF Score™: 47/100 with 2 warning signs
  • Industry Position: 32.4% above the Semiconductors median (#373 of 1019)

No single metric tells the full story. See the XKLS:0120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VisDynamics Holdings Bhd Business Description

Address Lot 3844, Jalan TU 52, Kawasan Perindustrian Tasik Utama, Ayer Keroh, MLA, MYS, 75450
VisDynamics Holdings Bhd is an investment holding company. It operates in two segments, namely the Manufacturing segment, which includes the Manufacturing of automated test equipment, and the Others segment, which includes Investment holding and the provision of management services. The company focuses on the design, research & development, and assembly of Back-end Semiconductor Equipment and high-speed transfer and inspection machines for Non-Semiconductor Devices. The company's geographical segments include Malaysia, South East Asia, North Asia, the United States, and Others, of which it generates the majority of its revenue from North Asia.
47GF Score

Get the complete analysis for XKLS:0120

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

RM0.36
Price
RM0.21
GF Value