Success Transformer Bhd (XKLS:7207) Altman Z2-Score: 16.12 (As of Jul. 04, 2026) — 10% Above Median


XKLS:7207 Success Transformer Corp Bhd XKLS:7207
52 GF Score
Price RM0.60
GF Value RM0.62
Valuation Fairly Valued
! 3 Warning Signs
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What is Success Transformer Bhd Altman Z2-Score?

Success Transformer Bhd XKLS:7207 52 Altman Z2-Score is 16.12 as of Jul. 04, 2026, which is 10% above its 10-year median of 14.59. GuruFocus rates XKLS:7207 with a GF Score™ of 52/100 and a GF Value™ of RM0.62 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,037 Industrial Products companies, Success Transformer Bhd ranks better than 96.9% 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:

Success Transformer Bhd has a Altman Z2-Score of 16.12, 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 Success Transformer Bhd's Altman Z2-Score or its related term are showing as below:

XKLS:7207' s Altman Z2-Score Range Over the Past 10 Years
Min: 5.68   Med: 14.59   Max: 18.14
Current: 16.12

During the past 13 years, Success Transformer Bhd's highest Altman Z2-Score was 18.14. The lowest was 5.68. And the median was 14.59.


Success Transformer Bhd  (XKLS:7207) 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.


Success Transformer Bhd Altman Z2-Score Related Terms


Success Transformer Bhd Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Success Transformer 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.

Success Transformer Bhd Altman Z2-Score Chart

Success Transformer Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.47 13.64 13.33 15.10 14.73

Success Transformer Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 15.46 14.73 14.77 14.15 16.12

XKLS:7207 vs VRT, BE: Altman Z2-Score Comparison

For the Electrical Equipment & Parts subindustry, Success Transformer 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.


Success Transformer Bhd Altman Z2-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Success Transformer Bhd's Altman Z2-Score distribution charts can be found below:

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


XKLS:7207
52GF Score
Success Transformer Corp Bhd XKLS:7207
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Success Transformer 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.

Success Transformer 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*0.6034+3.26*0.6832+6.72*0.0308+1.05*9.2597
=16.12

* 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 RM453.2 Mil.
Total Current Assets was RM306.9 Mil.
Total Current Liabilities was RM33.4 Mil.
Retained Earnings was RM309.6 Mil.
Pre-Tax Income was 4.003 + 3.636 + 3.935 + 1.604 = RM13.2 Mil.
Interest Expense was -0.201 + -0.184 + -0.192 + -0.201 = RM-0.8 Mil.
Total Liabilities was RM41.8 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
=(306.898 - 33.423)/453.217
=0.6034

X2=Retained Earnings/Total Assets
=309.623/453.217
=0.6832

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(13.178 - -0.778)/453.217
=0.0308

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(387.129 - 0)/41.808
=9.2597

The zones of discrimination were as such:

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

Success Transformer Bhd has a Altman Z2-Score of 16.12 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 16.12 mean?
Success Transformer Bhd (XKLS:7207) has a Altman Z2-Score of 16.12 as of Jul. 04, 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 Success Transformer Bhd and its competitors. This is 10% above median its historical median of 14.59. Over the past decade, Success Transformer Bhd's Altman Z2-Score has ranged from 5.68 to 18.14. According to the industry distribution chart, Success Transformer Bhd ranks #94 out of 3037 companies in the Industrial Products industry, placing it in the top 3.1%.
Is Success Transformer Bhd's Altman Z2-Score too high?
Success Transformer Bhd's current Altman Z2-Score of 16.12 is 10% above median its 10-year median of 14.59. Over the past 10 years, this metric has ranged from a low of 5.68 to a high of 18.14. The Industrial Products industry median Altman Z2-Score is 4.28. Success Transformer Bhd's value of 16.12 is 276.6% above this industry median. Based on the distribution chart, Success Transformer Bhd ranks #94 out of 3037 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Success Transformer Bhd has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Success Transformer Bhd's Altman Z2-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Success Transformer Bhd ranks #94 out of 3037 companies for Altman Z2-Score. This places Success Transformer Bhd in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.28. Success Transformer Bhd's value of 16.12 is 276.6% above this benchmark. Historically, Success Transformer Bhd's own Altman Z2-Score has ranged from 5.68 to 18.14 over the past decade. While the company's 10-year median is 14.59 vs. the industry median of 4.28, Success Transformer 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 an Industrial Products company?
The median Altman Z2-Score among Industrial Products companies is 4.28, based on 3,037 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. Success Transformer Bhd's current Altman Z2-Score of 16.12 is 276.6% 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 Success Transformer Bhd 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. Success Transformer Bhd's current Altman Z2-Score is 16.12, which is 10% above median its own 10-year median of 14.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Success Transformer Bhd stock overvalued right now?
Based on GuruFocus' analysis, Success Transformer Bhd (XKLS:7207) is currently considered Fairly Valued. The stock's GF Value™ is RM0.62, compared to a current price of RM0.60 — trading 4% below its estimated fair value. The current Altman Z2-Score is 16.12, which is 10% above median its 10-year median of 14.59 and 276.6% above the Industrial Products industry median of 4.28. Success Transformer Bhd's overall GF Score™ is 52/100 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 Success Transformer Bhd (XKLS:7207), the current Altman Z2-Score is 16.12 as of Jul. 04, 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 Success Transformer Bhd (XKLS:7207) Overvalued in 2026?

Based on GuruFocus' analysis, Success Transformer Bhd stock appears to be undervalued. The current stock price of RM0.60 is trading 4% below its estimated GF Value™ of RM0.62. GuruFocus considers Success Transformer Bhd to be Fairly Valued.

Key valuation signals for XKLS:7207:

  • Altman Z2-Score: 16.12 (10% above median its 10-year median of 14.59)
  • GF Value™: RM0.62 vs. price of RM0.60 (4% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 276.6% above the Industrial Products median (#94 of 3037)

No single metric tells the full story. See the XKLS:7207 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Success Transformer Bhd Business Description

Address Number 3, 5 and 7, Jalan TSB 8, Taman Industri Sungai Buloh, Sungai Buloh, SGR, MYS, 47000
Success Transformer Corp Bhd engages in the designing, manufacturing, and distribution of electrical apparatus, industrial lighting, as well as process equipment. Its portfolio includes an LED range of industrial lighting products such as floodlights, streetlights, and HID lighting. Geographically, it derives a majority of its revenue from Malaysia. Geographically the company also derives revenue from PRC and Overseas countries.
52GF Score

Get the complete analysis for XKLS:7207

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

RM0.60
Price
RM0.62
GF Value