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.
Warning Sign:
Altman Z-score of 2.61 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Shougang Fushan Resources Group has a Altman Z-Score of 2.65, indicating it is in Grey Zones. This implies that Shougang Fushan Resources Group is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Shougang Fushan Resources Group's Altman Z-Score or its related term are showing as below:
FSHYF'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.81 Med: 2.38 Max: 3.42
Current: 2.61
During the past 13 years, Shougang Fushan Resources Group's highest Altman Z-Score was 3.42. The lowest was 1.81. And the median was 2.38.
Shougang Fushan Resources Group (OTCPK:FSHYF) 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.
* 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.
Shougang Fushan Resources Group Altman Z-Score Chart
FSHYF vs HCC, AMR, METC: Altman Z-Score Comparison
For the Coking Coal subindustry, Shougang Fushan Resources Group'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.
Shougang Fushan Resources Group Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shougang Fushan Resources Group's Altman Z-Score falls into.
Shougang Fushan Resources Group Altman Z-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.
* 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.
Shougang Fushan Resources Group (FSHYF) has a Altman Z-Score of 2.65 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shougang Fushan Resources Group and its competitors. This is 11% above median its historical median of 2.38. Over the past decade, Shougang Fushan Resources Group's Altman Z-Score has ranged from 1.81 to 3.42. According to the industry distribution chart, Shougang Fushan Resources Group ranks #280 out of 610 companies in the Steel industry, placing it in the top 45.9%.
Is Shougang Fushan Resources Group's Altman Z-Score too high?
Shougang Fushan Resources Group's current Altman Z-Score of 2.65 is 11% above median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 3.42. The Steel industry median Altman Z-Score is 2.45. Shougang Fushan Resources Group's value of 2.65 is 8.4% above this industry median. Based on the distribution chart, Shougang Fushan Resources Group ranks #280 out of 610 companies in the Steel industry, which is above the industry midpoint. Overall, Shougang Fushan Resources Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shougang Fushan Resources Group's Altman Z-Score compare to HCC and AMR?
According to the Steel industry distribution chart, Shougang Fushan Resources Group ranks #280 out of 610 companies for Altman Z-Score. This puts Shougang Fushan Resources Group in the upper half of its industry. The industry median Altman Z-Score is 2.45. Shougang Fushan Resources Group's value of 2.65 is 8.4% above this benchmark. Historically, Shougang Fushan Resources Group's own Altman Z-Score has ranged from 1.81 to 3.42 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 2.45, Shougang Fushan Resources Group 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 a Steel company?
The median Altman Z-Score among Steel companies is 2.45, based on 610 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. Shougang Fushan Resources Group's current Altman Z-Score of 2.65 is 8.4% 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 Shougang Fushan Resources Group and its competitors. For the Steel industry, the median Altman Z-Score is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shougang Fushan Resources Group's current Altman Z-Score is 2.65, which is 11% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shougang Fushan Resources Group stock overvalued right now?
Based on GuruFocus' analysis, Shougang Fushan Resources Group (FSHYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.40, compared to a current price of $0.31 — trading 21.3% below its estimated fair value. The current Altman Z-Score is 2.65, which is 11% above median its 10-year median of 2.38 and 8.4% above the Steel industry median of 2.45. Shougang Fushan Resources Group's overall GF Score™ is 59/100 with 7 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 Shougang Fushan Resources Group (FSHYF), the current Altman Z-Score is 2.65 as of Jun. 29, 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 Shougang Fushan Resources Group (FSHYF) Overvalued in 2026?
Based on GuruFocus' analysis, Shougang Fushan Resources Group stock appears to be undervalued.
The current stock price of $0.31 is trading 21.3% below its estimated GF Value™ of $0.40.
GuruFocus considers Shougang Fushan Resources Group to be Modestly Undervalued.
Key valuation signals for FSHYF:
Altman Z-Score: 2.65 (11% above median its 10-year median of 2.38)
GF Value™: $0.40 vs. price of $0.31 (21.3% below fair value)
Industry Position: 8.4% above the Steel median (#280 of 610)
No single metric tells the full story. See the FSHYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shougang Fushan Resources Group Business Description
Shougang Fushan Resources Group Ltd is engaged in coking coal mining, producing, and selling coking coal products in the PRC. It derives revenue from the sale of clean coking coal, sales of self-produced by-products and trading of coal products. The Group operates coking coal mines and coal preparation plants. It has three premium operating coking coal mines in Liulin County, Shanxi Province (Xingwu Coal Mine, Jinjiazhuang Coal Mine and Zhaiyadi Coal Mine), along with three premium coking coal mines and the associated coal preparation plants for the production of raw and clean coking coal. The Group has a business presence in the PRC and Hong Kong. The Group generates overall revenue from the PRC.
59GF Score
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