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AIG Asia IngredientsHSTC:AIG -0.80%38 Altman Z-Score is 3.97 as of Jul. 14, 2026, which is 12% above its 10-year median of 3.56. GuruFocus rates HSTC:AIG with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 1,932 Consumer Packaged Goods companies, AIG Asia Ingredients ranks better than 66.87% 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 3.98 is strong.
AIG Asia Ingredients has a Altman Z-Score of 3.97, 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 AIG Asia Ingredients's Altman Z-Score or its related term are showing as below:
HSTC:AIG'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.19 Med: 3.56 Max: 3.98
Current: 3.98
During the past 3 years, AIG Asia Ingredients's highest Altman Z-Score was 3.98. The lowest was 3.19. And the median was 3.56.
AIG Asia Ingredients (HSTC:AIG) 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.
Altman Z-Score does not apply to financial companies.
AIG Asia Ingredients Altman Z-Score Related Terms
AIG Asia Ingredients Altman Z-Score Historical Data
* Premium members only.
The historical data trend for AIG Asia Ingredients'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.
For the Packaged Foods subindustry, AIG Asia Ingredients'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.
AIG Asia Ingredients Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AIG Asia Ingredients's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where AIG Asia Ingredients'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.
AIG Asia Ingredients'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
*
0.3856
+
1.4
*
0.3678
+
3.3
*
0.1392
+
0.6
*
1.9969
+
1.0
*
1.3371
=
3.97
* 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.
AIG Asia Ingredients (HSTC:AIG) has a Altman Z-Score of 3.97 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AIG Asia Ingredients and its competitors. This is 12% above median its historical median of 3.56. Over the past decade, AIG Asia Ingredients' Altman Z-Score has ranged from 3.19 to 3.98. According to the industry distribution chart, AIG Asia Ingredients ranks #640 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 33.1%.
Is AIG Asia Ingredients' Altman Z-Score too high?
AIG Asia Ingredients' current Altman Z-Score of 3.97 is 12% above median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 3.19 to a high of 3.98. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. AIG Asia Ingredients' value of 3.97 is 39.3% above this industry median. Based on the distribution chart, AIG Asia Ingredients ranks #640 out of 1932 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, AIG Asia Ingredients has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does AIG Asia Ingredients' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, AIG Asia Ingredients ranks #640 out of 1932 companies for Altman Z-Score. This puts AIG Asia Ingredients in the upper half of its industry. The industry median Altman Z-Score is 2.85. AIG Asia Ingredients' value of 3.97 is 39.3% above this benchmark. Historically, AIG Asia Ingredients' own Altman Z-Score has ranged from 3.19 to 3.98 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 2.85, AIG Asia Ingredients 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,932 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. AIG Asia Ingredients's current Altman Z-Score of 3.97 is 39.3% 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 AIG Asia Ingredients and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIG Asia Ingredients's current Altman Z-Score is 3.97, which is 12% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIG Asia Ingredients stock overvalued right now?
AIG Asia Ingredients (HSTC:AIG) has a current Altman Z-Score of 3.97. The current Altman Z-Score is 3.97, which is 12% above median its 10-year median of 3.56 and 39.3% above the Consumer Packaged Goods industry median of 2.85. AIG Asia Ingredients' overall GF Score™ is 38/100 with 1 warning sign 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 AIG Asia Ingredients (HSTC:AIG), the current Altman Z-Score is 3.97 as of Jul. 14, 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.
AIG Asia Ingredients Corp is engaged in the field of providing comprehensive ingredients and solutions for the food and life science industry in Vietnam. With a closed ecosystem from research, production, supply to trade and international business, AIG has expanded its trading network to more than 40 countries across five continents and is a partner of brands such as Acecook, Nestle, TH True Milk, Vinamilk, Masan, Nutifood and Unilever.
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