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What is Freetech Road Recycling Technology (Holdings) Altman Z-Score?
Freetech Road Recycling Technology (Holdings)HKSE:06888 -2.44% Altman Z-Score is 0.47 as of Sep. 21, 2026, which is 38% below its 10-year median of 0.76. The stock has 7 warning signs investors should review. Among 1,769 Construction companies, Freetech Road Recycling Technology (Holdings) ranks worse than 89.88% 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 0.46 is in distress zone. This implies bankruptcy possibility in the next two years.
Freetech Road Recycling Technology (Holdings) has a Altman Z-Score of 0.47, 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.
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.
For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (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.
Freetech Road Recycling Technology (Holdings) Altman Z-Score vs Construction Industry
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.
Freetech Road Recycling Technology (Holdings) (HKSE:06888) has a Altman Z-Score of 0.47 as of Sep. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Freetech Road Recycling Technology (Holdings) and its competitors. This is 38% below median its historical median of 0.76. Over the past decade, Freetech Road Recycling Technology (Holdings)'s Altman Z-Score has ranged from 0.46 to 2.31. According to the industry distribution chart, Freetech Road Recycling Technology (Holdings) ranks #1590 out of 1769 companies in the Construction industry, placing it in the top 89.9%.
Is Freetech Road Recycling Technology (Holdings)'s Altman Z-Score too high?
Freetech Road Recycling Technology (Holdings)'s current Altman Z-Score of 0.47 is 38% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.31. The Construction industry median Altman Z-Score is 2.29. Freetech Road Recycling Technology (Holdings)'s value of 0.47 is 79.5% below this industry median. Based on the distribution chart, Freetech Road Recycling Technology (Holdings) ranks #1590 out of 1769 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Freetech Road Recycling Technology (Holdings)'s Altman Z-Score compare to competitors?
According to the Construction industry distribution chart, Freetech Road Recycling Technology (Holdings) ranks #1590 out of 1769 companies for Altman Z-Score. This places Freetech Road Recycling Technology (Holdings) in the lower half of its industry. The industry median Altman Z-Score is 2.29. Freetech Road Recycling Technology (Holdings)'s value of 0.47 is 79.5% below this benchmark. Historically, Freetech Road Recycling Technology (Holdings)'s own Altman Z-Score has ranged from 0.46 to 2.31 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 2.29, Freetech Road Recycling Technology (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 Construction company?
The median Altman Z-Score among Construction companies is 2.29, based on 1,769 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. Freetech Road Recycling Technology (Holdings)'s current Altman Z-Score of 0.47 is 79.5% 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 Freetech Road Recycling Technology (Holdings) and its competitors. For the Construction industry, the median Altman Z-Score is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freetech Road Recycling Technology (Holdings)'s current Altman Z-Score is 0.47, which is 38% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freetech Road Recycling Technology (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Freetech Road Recycling Technology (Holdings) (HKSE:06888) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.08 — trading 14.3% above its estimated fair value. The current Altman Z-Score is 0.47, which is 38% below median its 10-year median of 0.76 and 79.5% below the Construction industry median of 2.29. 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 Freetech Road Recycling Technology (Holdings) (HKSE:06888), the current Altman Z-Score is 0.47 as of Sep. 21, 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.
Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and the provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are the APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. The company has a business presence in Mainland China and other overseas markets.
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