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Win Hanverky HoldingsHKSE:03322 +2.70%36 Altman Z-Score is 1.79 as of Jul. 31, 2026, which is 8% below its 10-year median of 1.94. GuruFocus rates HKSE:03322 with a GF Score™ of 36/100 and a GF Value™ of HK$0.17 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,032 Manufacturing - Apparel & Accessories companies, Win Hanverky Holdings ranks worse than 67.15% 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 1.79 is in distress zone. This implies bankruptcy possibility in the next two years.
Win Hanverky Holdings has a Altman Z-Score of 1.79, 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 Win Hanverky Holdings's Altman Z-Score or its related term are showing as below:
HKSE:03322'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.33 Med: 1.94 Max: 4
Current: 1.79
During the past 13 years, Win Hanverky Holdings's highest Altman Z-Score was 4.00. The lowest was 1.33. And the median was 1.94.
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.
Win Hanverky Holdings Altman Z-Score Related Terms
Win Hanverky Holdings Altman Z-Score Historical Data
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The historical data trend for Win Hanverky Holdings'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:03322 vs RL, LEVI, VFC: Altman Z-Score Comparison
For the Apparel Manufacturing subindustry, Win Hanverky 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.
Win Hanverky Holdings Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Win Hanverky Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Win Hanverky Holdings'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.
* 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.
Win Hanverky Holdings (HKSE:03322) has a Altman Z-Score of 1.79 as of Jul. 31, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Win Hanverky Holdings and its competitors. This is near median its historical median of 1.94. Over the past decade, Win Hanverky Holdings' Altman Z-Score has ranged from 1.33 to 4.00. According to the industry distribution chart, Win Hanverky Holdings ranks #693 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 67.2%.
Is Win Hanverky Holdings' Altman Z-Score too high?
Win Hanverky Holdings' current Altman Z-Score of 1.79 is near median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 4.00. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.47. Win Hanverky Holdings' value of 1.79 is 27.5% below this industry median. Based on the distribution chart, Win Hanverky Holdings ranks #693 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Win Hanverky Holdings has a GF Score™ of 36/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Win Hanverky Holdings' Altman Z-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Win Hanverky Holdings ranks #693 out of 1032 companies for Altman Z-Score. This places Win Hanverky Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.47. Win Hanverky Holdings' value of 1.79 is 27.5% below this benchmark. Historically, Win Hanverky Holdings' own Altman Z-Score has ranged from 1.33 to 4.00 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 2.47, Win Hanverky 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.47, based on 1,032 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. Win Hanverky Holdings's current Altman Z-Score of 1.79 is 27.5% 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 Win Hanverky Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Win Hanverky Holdings's current Altman Z-Score is 1.79, which is near median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Win Hanverky Holdings stock overvalued right now?
Based on GuruFocus' analysis, Win Hanverky Holdings (HKSE:03322) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.19 — trading 11.8% above its estimated fair value. The current Altman Z-Score is 1.79, which is near median its 10-year median of 1.94 and 27.5% below the Manufacturing - Apparel & Accessories industry median of 2.47. Win Hanverky Holdings' overall GF Score™ is 36/100 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 Win Hanverky Holdings (HKSE:03322), the current Altman Z-Score is 1.79 as of Jul. 31, 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 Win Hanverky Holdings (HKSE:03322) Overvalued in 2026?
Based on GuruFocus' analysis, Win Hanverky Holdings stock appears to be overvalued.
The current stock price of HK$0.19 is trading 11.8% above its estimated GF Value™ of HK$0.17.
GuruFocus considers Win Hanverky Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:03322:
Altman Z-Score: 1.79 (near median its 10-year median of 1.94)
GF Value™: HK$0.17 vs. price of HK$0.19 (11.8% above fair value)
Industry Position: 27.5% below the Manufacturing - Apparel & Accessories median (#693 of 1032)
No single metric tells the full story. See the HKSE:03322 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Win Hanverky Holdings Ltd is engaged in the manufacturing and selling of garment products, including sportswear, high-end functional outerwear, high-end fashion apparel, and related accessories. The company operates in the segments of Manufacturing, High-end Functional Outerwear Manufacturing, and The Fashion Brands and Licensing. A majority of revenue is derived from the Manufacturing segment, which involves the manufacturing and sales of sportswear and high-end functional outerwear of both under OEM arrangements to customers mainly in Europe, the United States, Mainland China, and other countries. The group has a business presence in Mainland China, Europe, the United States, Hong Kong, Other Asian countries, Canada, and others.
36GF Score
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