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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 0.96 is in distress zone. This implies bankruptcy possibility in the next two years.
Cinda International Holdings has a Altman Z-Score of 0.96, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Cinda International Holdings's Altman Z-Score or its related term are showing as below:
HKSE:00111'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.95 Med: 1.06 Max: 1.44
Current: 0.96
During the past 13 years, Cinda International Holdings's highest Altman Z-Score was 1.44. The lowest was 0.95. And the median was 1.06.
Cinda International Holdings (HKSE:00111) 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.
HKSE:00111 vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, Cinda International Holdings'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.
Cinda International Holdings Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cinda International Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Cinda International Holdings's Altman Z-Score falls into.
Cinda International Holdings 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.
Cinda International Holdings (HKSE:00111) has a Altman Z-Score of 0.96 as of Aug. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Cinda International Holdings and its competitors. This is near median its historical median of 1.06. Over the past decade, Cinda International Holdings' Altman Z-Score has ranged from 0.95 to 1.44. According to the industry distribution chart, Cinda International Holdings ranks #485 out of 661 companies in the Capital Markets industry, placing it in the top 73.4%.
Is Cinda International Holdings' Altman Z-Score too high?
Cinda International Holdings' current Altman Z-Score of 0.96 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.44. The Capital Markets industry median Altman Z-Score is 2.60. Cinda International Holdings' value of 0.96 is 63.1% below this industry median. Based on the distribution chart, Cinda International Holdings ranks #485 out of 661 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Cinda International Holdings has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cinda International Holdings' Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Cinda International Holdings ranks #485 out of 661 companies for Altman Z-Score. This places Cinda International Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.60. Cinda International Holdings' value of 0.96 is 63.1% below this benchmark. Historically, Cinda International Holdings' own Altman Z-Score has ranged from 0.95 to 1.44 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 2.60, Cinda International Holdings has consistently been below 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.60, based on 661 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. Cinda International Holdings's current Altman Z-Score of 0.96 is 63.1% below 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 Cinda International Holdings and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cinda International Holdings's current Altman Z-Score is 0.96, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cinda International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cinda International Holdings (HKSE:00111) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.45, compared to a current price of HK$0.59 — trading 30% above its estimated fair value. The current Altman Z-Score is 0.96, which is near median its 10-year median of 1.06 and 63.1% below the Capital Markets industry median of 2.60. Cinda International Holdings' overall GF Score™ is 49/100 with 4 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 Cinda International Holdings (HKSE:00111), the current Altman Z-Score is 0.96 as of Aug. 24, 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 Cinda International Holdings (HKSE:00111) Overvalued in 2026?
Based on GuruFocus' analysis, Cinda International Holdings stock appears to be overvalued.
The current stock price of HK$0.59 is trading 30% above its estimated GF Value™ of HK$0.45.
GuruFocus considers Cinda International Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:00111:
Altman Z-Score: 0.96 (near median its 10-year median of 1.06)
GF Value™: HK$0.45 vs. price of HK$0.59 (30% above fair value)
Industry Position: 63.1% below the Capital Markets median (#485 of 661)
No single metric tells the full story. See the HKSE:00111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cinda International Holdings Ltd provides financial services including asset management, corporate financial advisory services, securities brokering, commodities, and futures brokering, and financial planning and insurance brokering. Its segments consist of Asset management; Sales and trading business; and Corporate finance. It derives the majority of the revenue from the Asset Management segment that provides advisory services and related auxiliary services on fund management, managing private funds and providing other related proprietary investment. Geographically, the company operates in Hong Kong and Mainland China, of which it derives maximum revenue from Hong Kong.
49GF Score
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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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