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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 0.56 is in distress zone. This implies bankruptcy possibility in the next two years.
Weigang Environmental Technology Holding Group has a Altman Z-Score of 0.56, 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.
Weigang Environmental Technology Holding Group (HKSE:01845) 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.
Weigang Environmental Technology Holding Group Altman Z-Score Chart
Weigang Environmental Technology Holding Group Annual Data
HKSE:01845 vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, Weigang Environmental Technology Holding 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.
Weigang Environmental Technology Holding Group Altman Z-Score vs Waste Management Industry
Weigang Environmental Technology Holding 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.
Weigang Environmental Technology Holding Group (HKSE:01845) has a Altman Z-Score of 0.56 as of Aug. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Weigang Environmental Technology Holding Group and its competitors. This is 61% below median its historical median of 1.42. Over the past decade, Weigang Environmental Technology Holding Group's Altman Z-Score has ranged from 0.45 to 3.61. According to the industry distribution chart, Weigang Environmental Technology Holding Group ranks #198 out of 237 companies in the Waste Management industry, placing it in the top 83.5%.
Is Weigang Environmental Technology Holding Group's Altman Z-Score too high?
Weigang Environmental Technology Holding Group's current Altman Z-Score of 0.56 is 61% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 3.61. The Waste Management industry median Altman Z-Score is 1.95. Weigang Environmental Technology Holding Group's value of 0.56 is 71.3% below this industry median. Based on the distribution chart, Weigang Environmental Technology Holding Group ranks #198 out of 237 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Weigang Environmental Technology Holding Group has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Weigang Environmental Technology Holding Group's Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Weigang Environmental Technology Holding Group ranks #198 out of 237 companies for Altman Z-Score. This places Weigang Environmental Technology Holding Group in the lower half of its industry. The industry median Altman Z-Score is 1.95. Weigang Environmental Technology Holding Group's value of 0.56 is 71.3% below this benchmark. Historically, Weigang Environmental Technology Holding Group's own Altman Z-Score has ranged from 0.45 to 3.61 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.95, Weigang Environmental Technology Holding Group 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 1.95, based on 237 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. Weigang Environmental Technology Holding Group's current Altman Z-Score of 0.56 is 71.3% 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 Weigang Environmental Technology Holding Group and its competitors. For the Waste Management industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Weigang Environmental Technology Holding Group's current Altman Z-Score is 0.56, which is 61% below median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Weigang Environmental Technology Holding Group stock overvalued right now?
Based on GuruFocus' analysis, Weigang Environmental Technology Holding Group (HKSE:01845) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.13, compared to a current price of HK$0.18 — trading 38.5% above its estimated fair value. The current Altman Z-Score is 0.56, which is 61% below median its 10-year median of 1.42 and 71.3% below the Waste Management industry median of 1.95. Weigang Environmental Technology Holding Group's overall GF Score™ is 39/100 with 5 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 Weigang Environmental Technology Holding Group (HKSE:01845), the current Altman Z-Score is 0.56 as of Aug. 17, 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 Weigang Environmental Technology Holding Group (HKSE:01845) Overvalued in 2026?
Based on GuruFocus' analysis, Weigang Environmental Technology Holding Group stock appears to be overvalued.
The current stock price of HK$0.18 is trading 38.5% above its estimated GF Value™ of HK$0.13.
GuruFocus considers Weigang Environmental Technology Holding Group to be Significantly Overvalued.
Key valuation signals for HKSE:01845:
Altman Z-Score: 0.56 (61% below median its 10-year median of 1.42)
GF Value™: HK$0.13 vs. price of HK$0.18 (38.5% above fair value)
Industry Position: 71.3% below the Waste Management median (#198 of 237)
No single metric tells the full story. See the HKSE:01845 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China focused on the research, design, integration and commissioning of solid waste treatment systems, particularly for hazardous waste incineration. Leveraging its experience and expertise in hazardous waste incineration, the Group has expanded its offerings to other areas of solid waste treatment, such as cement plant parallel kiln co-treatment and pyrolysis treatment of solid waste. Its segments are the solid waste treatment segment and the oilfield auxiliary services segment, which generates maximum revenue and is engaged in petroleum transportation, meter maintenance, oil pipe repair and water treatment. The Group generates maximum revenue from the PRC.
39GF Score
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