Luyuan Group Holding (Cayman) (HKSE:02451) Altman Z-Score: 2.32 (As of Aug. 01, 2026) — Near Median

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HKSE:02451 Luyuan Group Holding (Cayman) Ltd HKSE:02451
46 GF Score
Price HK$12.50
! 4 Warning Signs
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What is Luyuan Group Holding (Cayman) Altman Z-Score?

Luyuan Group Holding (Cayman) HKSE:02451 +6.11% 46 Altman Z-Score is 2.32 as of Aug. 01, 2026, which is 3% below its 10-year median of 2.38. GuruFocus rates HKSE:02451 with a GF Score™ of 46/100. The stock has 4 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Luyuan Group Holding (Cayman) ranks worse than 55.83% 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 2.32 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.

Luyuan Group Holding (Cayman) has a Altman Z-Score of 2.32, indicating it is in Grey Zones. This implies that Luyuan Group Holding (Cayman) 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 Luyuan Group Holding (Cayman)'s Altman Z-Score or its related term are showing as below:

HKSE:02451' s Altman Z-Score Range Over the Past 10 Years
Min: 2.15   Med: 2.38   Max: 2.65
Current: 2.32

During the past 6 years, Luyuan Group Holding (Cayman)'s highest Altman Z-Score was 2.65. The lowest was 2.15. And the median was 2.38.


Luyuan Group Holding (Cayman)  (HKSE:02451) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Luyuan Group Holding (Cayman) Altman Z-Score Related Terms


Luyuan Group Holding (Cayman) Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Luyuan Group Holding (Cayman)'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.

Luyuan Group Holding (Cayman) Altman Z-Score Chart

Luyuan Group Holding (Cayman) Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 2.65 2.15 2.38

Luyuan Group Holding (Cayman) Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only 2.65 0.00 2.15 0.00 2.38

HKSE:02451 vs TSLA, GM, F: Altman Z-Score Comparison

For the Auto Manufacturers subindustry, Luyuan Group Holding (Cayman)'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.


Luyuan Group Holding (Cayman) Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Luyuan Group Holding (Cayman)'s Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Luyuan Group Holding (Cayman)'s Altman Z-Score falls into.


HKSE:02451
46GF Score
Luyuan Group Holding (Cayman) Ltd HKSE:02451
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Luyuan Group Holding (Cayman) 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.

Luyuan Group Holding (Cayman)'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*0.061+1.4*0.1449+3.3*0.0407+0.6*1.2535+1.0*1.1601
=2.32

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was HK$5,625 Mil.
Total Current Assets was HK$3,667 Mil.
Total Current Liabilities was HK$3,324 Mil.
Retained Earnings was HK$815 Mil.
Pre-Tax Income was HK$206 Mil.
Interest Expense was HK$-23 Mil.
Revenue was HK$6,525 Mil.
Market Cap (Today) was HK$4,730 Mil.
Total Liabilities was HK$3,773 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(3667.264 - 3324.34)/5625
=0.061

X2=Retained Earnings/Total Assets
=815.109/5625
=0.1449

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(206.471 - -22.716)/5625
=0.0407

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4729.800/3773.358
=1.2535

X5=Revenue/Total Assets
=6525.442/5625
=1.1601

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Luyuan Group Holding (Cayman) has a Altman Z-Score of 2.32 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.32 mean?
Luyuan Group Holding (Cayman) (HKSE:02451) has a Altman Z-Score of 2.32 as of Aug. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Luyuan Group Holding (Cayman) and its competitors. This is near median its historical median of 2.38. Over the past decade, Luyuan Group Holding (Cayman)'s Altman Z-Score has ranged from 2.15 to 2.65. According to the industry distribution chart, Luyuan Group Holding (Cayman) ranks #733 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 55.8%.
Is Luyuan Group Holding (Cayman)'s Altman Z-Score too high?
Luyuan Group Holding (Cayman)'s current Altman Z-Score of 2.32 is near median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 2.65. The Vehicles & Parts industry median Altman Z-Score is 2.51. Luyuan Group Holding (Cayman)'s value of 2.32 is 7.6% below this industry median. Based on the distribution chart, Luyuan Group Holding (Cayman) ranks #733 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Luyuan Group Holding (Cayman) has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Luyuan Group Holding (Cayman)'s Altman Z-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Luyuan Group Holding (Cayman) ranks #733 out of 1313 companies for Altman Z-Score. This places Luyuan Group Holding (Cayman) in the lower half of its industry. The industry median Altman Z-Score is 2.51. Luyuan Group Holding (Cayman)'s value of 2.32 is 7.6% below this benchmark. Historically, Luyuan Group Holding (Cayman)'s own Altman Z-Score has ranged from 2.15 to 2.65 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 2.51, Luyuan Group Holding (Cayman) 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.51, based on 1,313 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. Luyuan Group Holding (Cayman)'s current Altman Z-Score of 2.32 is 7.6% 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 Luyuan Group Holding (Cayman) and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luyuan Group Holding (Cayman)'s current Altman Z-Score is 2.32, which is near 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 Luyuan Group Holding (Cayman) stock overvalued right now?
Luyuan Group Holding (Cayman) (HKSE:02451) has a current Altman Z-Score of 2.32. The current Altman Z-Score is 2.32, which is near median its 10-year median of 2.38 and 7.6% below the Vehicles & Parts industry median of 2.51. Luyuan Group Holding (Cayman)'s overall GF Score™ is 46/100 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 Luyuan Group Holding (Cayman) (HKSE:02451), the current Altman Z-Score is 2.32 as of Aug. 01, 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.

Luyuan Group Holding (Cayman) Business Description

Address No. 168 Shicheng Street, Development Zone, Jinhua Industry Zone, Zhejiang Province, Jinhua, CHN
Luyuan Group Holding (Cayman) Ltd is an investment holding company. The group engaged in the electric vehicle business in the People's Republic of China (the PRC). The Group's majority of its revenue and operating profit was generated from the sales of electric vehicles in the PRC.
46GF Score

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