Hap Seng Plantations Holdings BhdXKLS:5138 -0.44%83 Altman Z2-Score is 9.38 as of Jul. 06, 2026, which is 10% above its 10-year median of 8.56. GuruFocus rates XKLS:5138 with a GF Score™ of 83/100 and a GF Value™ of RM2.03 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,965 Consumer Packaged Goods companies, Hap Seng Plantations Holdings Bhd ranks better than 87.18% 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:
Hap Seng Plantations Holdings Bhd has a Altman Z2-Score of 9.38, 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 Hap Seng Plantations Holdings Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:5138'
s Altman Z2-Score Range Over the Past 10 Years
Min: 4.72 Med: 8.56 Max: 10.17
Current: 9.38
During the past 13 years, Hap Seng Plantations Holdings Bhd's highest Altman Z2-Score was 10.17. The lowest was 4.72. And the median was 8.56.
Hap Seng Plantations Holdings Bhd (XKLS:5138) 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.
* 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.
Hap Seng Plantations Holdings Bhd Altman Z2-Score Chart
XKLS:5138 vs ADM, BG, TSN: Altman Z2-Score Comparison
For the Farm Products subindustry, Hap Seng Plantations 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.
Hap Seng Plantations Holdings Bhd Altman Z2-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Hap Seng Plantations Holdings Bhd's Altman Z2-Score falls into.
Hap Seng Plantations 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.
* 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.
Hap Seng Plantations Holdings Bhd (XKLS:5138) has a Altman Z2-Score of 9.38 as of Jul. 06, 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 Hap Seng Plantations Holdings Bhd and its competitors. This is 10% above median its historical median of 8.56. Over the past decade, Hap Seng Plantations Holdings Bhd's Altman Z2-Score has ranged from 4.72 to 10.17. According to the industry distribution chart, Hap Seng Plantations Holdings Bhd ranks #252 out of 1965 companies in the Consumer Packaged Goods industry, placing it in the top 12.8%.
Is Hap Seng Plantations Holdings Bhd's Altman Z2-Score too high?
Hap Seng Plantations Holdings Bhd's current Altman Z2-Score of 9.38 is 10% above median its 10-year median of 8.56. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 10.17. The Consumer Packaged Goods industry median Altman Z2-Score is 3.73. Hap Seng Plantations Holdings Bhd's value of 9.38 is 151.5% above this industry median. Based on the distribution chart, Hap Seng Plantations Holdings Bhd ranks #252 out of 1965 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Hap Seng Plantations Holdings Bhd has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hap Seng Plantations Holdings Bhd's Altman Z2-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Hap Seng Plantations Holdings Bhd ranks #252 out of 1965 companies for Altman Z2-Score. This places Hap Seng Plantations Holdings Bhd in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.73. Hap Seng Plantations Holdings Bhd's value of 9.38 is 151.5% above this benchmark. Historically, Hap Seng Plantations Holdings Bhd's own Altman Z2-Score has ranged from 4.72 to 10.17 over the past decade. While the company's 10-year median is 8.56 vs. the industry median of 3.73, Hap Seng Plantations 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 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. Hap Seng Plantations Holdings Bhd's current Altman Z2-Score of 9.38 is 151.5% 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 Hap Seng Plantations Holdings Bhd 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. Hap Seng Plantations Holdings Bhd's current Altman Z2-Score is 9.38, which is 10% above median its own 10-year median of 8.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hap Seng Plantations Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hap Seng Plantations Holdings Bhd (XKLS:5138) is currently considered Modestly Overvalued. The stock's GF Value™ is RM2.03, compared to a current price of RM2.26 — trading 11.3% above its estimated fair value. The current Altman Z2-Score is 9.38, which is 10% above median its 10-year median of 8.56 and 151.5% above the Consumer Packaged Goods industry median of 3.73. Hap Seng Plantations Holdings Bhd's overall GF Score™ is 83/100 with 8 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 Hap Seng Plantations Holdings Bhd (XKLS:5138), the current Altman Z2-Score is 9.38 as of Jul. 06, 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 Hap Seng Plantations Holdings Bhd (XKLS:5138) Overvalued in 2026?
Based on GuruFocus' analysis, Hap Seng Plantations Holdings Bhd stock appears to be overvalued.
The current stock price of RM2.26 is trading 11.3% above its estimated GF Value™ of RM2.03.
GuruFocus considers Hap Seng Plantations Holdings Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:5138:
Altman Z2-Score: 9.38 (10% above median its 10-year median of 8.56)
GF Value™: RM2.03 vs. price of RM2.26 (11.3% above fair value)
Industry Position: 151.5% above the Consumer Packaged Goods median (#252 of 1965)
No single metric tells the full story. See the XKLS:5138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hap Seng Plantations Holdings Bhd Business Description
Hap Seng Plantations Holdings Bhd is a Malaysia-based palm oil plantation company. It is focused on the upstream activities in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches (FFB) into crude palm oil (CPO) in its mills. Geographically, the company derives all of its revenue from Malaysia.
83GF Score
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