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Sicc CoHKSE:02631 -3.50%55 Altman Z-Score is 10.51 as of Aug. 29, 2026, which is 5% below its 10-year median of 11.10. GuruFocus rates HKSE:02631 with a GF Score™ of 55/100 and a GF Value™ of HK$42.20 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,014 Semiconductors companies, Sicc Co ranks better than 75.74% 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.
Good Sign:
Altman Z-score of 10.43 is strong.
Sicc Co has a Altman Z-Score of 10.51, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Sicc Co's Altman Z-Score or its related term are showing as below:
HKSE:02631'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.89 Med: 11.1 Max: 50.48
Current: 10.43
During the past 8 years, Sicc Co's highest Altman Z-Score was 50.48. The lowest was 6.89. And the median was 11.10.
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.
Altman Z-Score does not apply to financial companies.
Sicc Co Altman Z-Score Related Terms
Sicc Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Sicc Co'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.
HKSE:02631 vs AMAT, LRCX, KLAC: Altman Z-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Sicc Co'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.
Sicc Co Altman Z-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Sicc Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Sicc Co's Altman Z-Score falls into.
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.
Sicc Co'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
*
0.3265
+
1.4
*
-0.0389
+
3.3
*
-0.0216
+
0.6
*
16.8113
+
1.0
*
0.1541
=
10.51
* 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.
Sicc Co (HKSE:02631) has a Altman Z-Score of 10.51 as of Aug. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sicc Co and its competitors. This is near median its historical median of 11.10. Over the past decade, Sicc Co's Altman Z-Score has ranged from 6.89 to 50.48. According to the industry distribution chart, Sicc Co ranks #246 out of 1014 companies in the Semiconductors industry, placing it in the top 24.3%.
Is Sicc Co's Altman Z-Score too high?
Sicc Co's current Altman Z-Score of 10.51 is near median its 10-year median of 11.10. Over the past 10 years, this metric has ranged from a low of 6.89 to a high of 50.48. The Semiconductors industry median Altman Z-Score is 4.71. Sicc Co's value of 10.51 is 123.1% above this industry median. Based on the distribution chart, Sicc Co ranks #246 out of 1014 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Sicc Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sicc Co's Altman Z-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Sicc Co ranks #246 out of 1014 companies for Altman Z-Score. This places Sicc Co in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 4.71. Sicc Co's value of 10.51 is 123.1% above this benchmark. Historically, Sicc Co's own Altman Z-Score has ranged from 6.89 to 50.48 over the past decade. While the company's 10-year median is 11.10 vs. the industry median of 4.71, Sicc Co 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 4.71, based on 1,014 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. Sicc Co's current Altman Z-Score of 10.51 is 123.1% 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 Sicc Co and its competitors. For the Semiconductors industry, the median Altman Z-Score is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sicc Co's current Altman Z-Score is 10.51, which is near median its own 10-year median of 11.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sicc Co stock overvalued right now?
Based on GuruFocus' analysis, Sicc Co (HKSE:02631) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$42.20, compared to a current price of HK$66.20 — trading 56.9% above its estimated fair value. The current Altman Z-Score is 10.51, which is near median its 10-year median of 11.10 and 123.1% above the Semiconductors industry median of 4.71. Sicc Co's overall GF Score™ is 55/100 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 Sicc Co (HKSE:02631), the current Altman Z-Score is 10.51 as of Aug. 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 Sicc Co (HKSE:02631) Overvalued in 2026?
Based on GuruFocus' analysis, Sicc Co stock appears to be overvalued.
The current stock price of HK$66.20 is trading 56.9% above its estimated GF Value™ of HK$42.20.
GuruFocus considers Sicc Co to be Significantly Overvalued.
Key valuation signals for HKSE:02631:
Altman Z-Score: 10.51 (near median its 10-year median of 11.10)
GF Value™: HK$42.20 vs. price of HK$66.20 (56.9% above fair value)
Industry Position: 123.1% above the Semiconductors median (#246 of 1014)
No single metric tells the full story. See the HKSE:02631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sicc Co Ltd is principally engaged in research and development, manufacturing and sales of SiC substrates. The Group's revenue streams are categorized as follows: Sales of SiC semiconductor material; and Others. It generates majority of its revenue from the Sales of SiC semiconductor material.
55GF Score
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