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South Manganese InvestmentHKSE:01091 -1.30%44 Altman Z-Score is 0.76 as of Aug. 28, 2026, which is 16% below its 10-year median of 0.90. GuruFocus rates HKSE:01091 with a GF Score™ of 44/100 and a GF Value™ of HK$0.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 788 Metals & Mining companies, South Manganese Investment ranks worse than 83.12% 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.
Warning Sign:
Altman Z-score of 0.77 is in distress zone. This implies bankruptcy possibility in the next two years.
South Manganese Investment has a Altman Z-Score of 0.76, 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 South Manganese Investment's Altman Z-Score or its related term are showing as below:
HKSE:01091'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.43 Med: 0.9 Max: 1.66
Current: 0.77
During the past 13 years, South Manganese Investment's highest Altman Z-Score was 1.66. The lowest was 0.43. And the median was 0.90.
South Manganese Investment (HKSE:01091) 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.
South Manganese Investment Altman Z-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, South Manganese Investment'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.
South Manganese Investment Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where South Manganese Investment's Altman Z-Score falls into.
South Manganese Investment 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.
South Manganese Investment (HKSE:01091) has a Altman Z-Score of 0.76 as of Aug. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on South Manganese Investment and its competitors. This is 16% below median its historical median of 0.90. Over the past decade, South Manganese Investment's Altman Z-Score has ranged from 0.43 to 1.66. According to the industry distribution chart, South Manganese Investment ranks #655 out of 788 companies in the Metals & Mining industry, placing it in the top 83.1%.
Is South Manganese Investment's Altman Z-Score too high?
South Manganese Investment's current Altman Z-Score of 0.76 is 16% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.66. The Metals & Mining industry median Altman Z-Score is 3.54. South Manganese Investment's value of 0.76 is 78.5% below this industry median. Based on the distribution chart, South Manganese Investment ranks #655 out of 788 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, South Manganese Investment has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South Manganese Investment's Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, South Manganese Investment ranks #655 out of 788 companies for Altman Z-Score. This places South Manganese Investment in the lower half of its industry. The industry median Altman Z-Score is 3.54. South Manganese Investment's value of 0.76 is 78.5% below this benchmark. Historically, South Manganese Investment's own Altman Z-Score has ranged from 0.43 to 1.66 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 3.54, South Manganese Investment 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.54, based on 788 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. South Manganese Investment's current Altman Z-Score of 0.76 is 78.5% 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 South Manganese Investment and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Manganese Investment's current Altman Z-Score is 0.76, which is 16% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Manganese Investment stock overvalued right now?
Based on GuruFocus' analysis, South Manganese Investment (HKSE:01091) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.38 — trading 171.4% above its estimated fair value. The current Altman Z-Score is 0.76, which is 16% below median its 10-year median of 0.90 and 78.5% below the Metals & Mining industry median of 3.54. South Manganese Investment's overall GF Score™ is 44/100 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 South Manganese Investment (HKSE:01091), the current Altman Z-Score is 0.76 as of Aug. 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 South Manganese Investment (HKSE:01091) Overvalued in 2026?
Based on GuruFocus' analysis, South Manganese Investment stock appears to be overvalued.
The current stock price of HK$0.38 is trading 171.4% above its estimated GF Value™ of HK$0.14.
GuruFocus considers South Manganese Investment to be Significantly Overvalued.
Key valuation signals for HKSE:01091:
Altman Z-Score: 0.76 (16% below median its 10-year median of 0.90)
GF Value™: HK$0.14 vs. price of HK$0.38 (171.4% above fair value)
Industry Position: 78.5% below the Metals & Mining median (#655 of 788)
No single metric tells the full story. See the HKSE:01091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Manganese Investment Ltd is a mining company engaged in manganese mining, ore processing in China and Gabon, and downstream processing operations in the PRC. The company operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and others business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.
44GF Score
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