SAAM Development PCLBKK:SAAM 75 Altman Z-Score is 12.49 as of Jun. 28, 2026, which is 3% below its 10-year median of 12.88. GuruFocus rates BKK:SAAM with a GF Score™ of 75/100 and a GF Value™ of ฿5.37 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 411 Utilities - Independent Power Producers companies, SAAM Development PCL ranks better than 96.84% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 12.49 is strong.
SAAM Development PCL has a Altman Z-Score of 12.49, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for SAAM Development PCL's Altman Z-Score or its related term are showing as below:
BKK:SAAM'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.57 Med: 12.88 Max: 17.68
Current: 12.49
During the past 12 years, SAAM Development PCL's highest Altman Z-Score was 17.68. The lowest was 0.57. And the median was 12.88.
SAAM Development PCL (BKK:SAAM) Altman Z-Score Explanation
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
SAAM Development PCL Altman Z-Score Related Terms
SAAM Development PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for SAAM Development PCL's Altman Z-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.
SAAM Development PCL Altman Z-Score Competitor Comparison
For the Utilities - Renewable subindustry, SAAM Development PCL's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
SAAM Development PCL Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SAAM Development PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where SAAM Development PCL's Altman Z-Score falls into.
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.
SAAM Development PCL's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.1531
+
1.4
*
0.2533
+
3.3
*
-0.0082
+
0.6
*
19.7529
+
1.0
*
0.1258
=
12.49
* 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 Z-Score when X4 or X5 value is 0.
SAAM Development PCL (BKK:SAAM) has a Altman Z-Score of 12.49 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SAAM Development PCL and its competitors. This is near median its historical median of 12.88. Over the past decade, SAAM Development PCL's Altman Z-Score has ranged from 0.57 to 17.68. According to the industry distribution chart, SAAM Development PCL ranks #13 out of 411 companies in the Utilities - Independent Power Producers industry, placing it in the top 3.2%.
Is SAAM Development PCL's Altman Z-Score too high?
SAAM Development PCL's current Altman Z-Score of 12.49 is near median its 10-year median of 12.88. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 17.68. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. SAAM Development PCL's value of 12.49 is 915.4% above this industry median. Based on the distribution chart, SAAM Development PCL ranks #13 out of 411 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, SAAM Development PCL has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAAM Development PCL's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, SAAM Development PCL ranks #13 out of 411 companies for Altman Z-Score. This places SAAM Development PCL in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.23. SAAM Development PCL's value of 12.49 is 915.4% above this benchmark. Historically, SAAM Development PCL's own Altman Z-Score has ranged from 0.57 to 17.68 over the past decade. While the company's 10-year median is 12.88 vs. the industry median of 1.23, SAAM Development PCL 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 Z-Score for an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.23, based on 411 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SAAM Development PCL's current Altman Z-Score of 12.49 is 915.4% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on SAAM Development PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAAM Development PCL's current Altman Z-Score is 12.49, which is near median its own 10-year median of 12.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAAM Development PCL stock overvalued right now?
Based on GuruFocus' analysis, SAAM Development PCL (BKK:SAAM) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿5.37, compared to a current price of ฿4.70 — trading 12.5% below its estimated fair value. The current Altman Z-Score is 12.49, which is near median its 10-year median of 12.88 and 915.4% above the Utilities - Independent Power Producers industry median of 1.23. SAAM Development PCL's overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For SAAM Development PCL (BKK:SAAM), the current Altman Z-Score is 12.49 as of Jun. 28, 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 SAAM Development PCL (BKK:SAAM) Overvalued in 2026?
Based on GuruFocus' analysis, SAAM Development PCL stock appears to be undervalued.
The current stock price of ฿4.70 is trading 12.5% below its estimated GF Value™ of ฿5.37.
GuruFocus considers SAAM Development PCL to be Modestly Undervalued.
Key valuation signals for BKK:SAAM:
Altman Z-Score: 12.49 (near median its 10-year median of 12.88)
GF Value™: ฿5.37 vs. price of ฿4.70 (12.5% below fair value)
Industry Position: 915.4% above the Utilities - Independent Power Producers median (#13 of 411)
No single metric tells the full story. See the BKK:SAAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SAAM Development PCL is a company engaged in producing and distributing electricity from solar energy, developing renewable energy power plant projects for sale including procuring project land and providing related services and investing in renewable energy power plants and non-energy businesses. The company's operating segments include Development service and Distribution of electricity. Development service includes the Development of renewable energy projects for the customer. Distribution of electricity includes Development and management for own solar energy project and provide Iiquidity service for digital assets exchange and investment in digital assets. It generates maximum revenue from the Development service segment. Geographically, it derives revenue from Thailand.
75GF Score
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