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 1.33 is in distress zone. This implies bankruptcy possibility in the next two years.
Sunshine Group Development JSC has a Altman Z-Score of 1.33, 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 Sunshine Group Development JSC's Altman Z-Score or its related term are showing as below:
HSTC:KSF'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.06 Med: 1.4 Max: 4.36
Current: 1.33
During the past 5 years, Sunshine Group Development JSC's highest Altman Z-Score was 4.36. The lowest was 1.06. And the median was 1.40.
Sunshine Group Development JSC (HSTC:KSF) 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.
* 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.
Sunshine Group Development JSC Altman Z-Score Chart
Sunshine Group Development JSC Altman Z-Score Competitor Comparison
For the Real Estate - Diversified subindustry, Sunshine Group Development JSC'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.
Sunshine Group Development JSC Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sunshine Group Development JSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Sunshine Group Development JSC's Altman Z-Score falls into.
Sunshine Group Development JSC 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.
* 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 Mar. 2026: Total Assets was ₫121,255,482 Mil. Total Current Assets was ₫77,833,507 Mil. Total Current Liabilities was ₫52,148,364 Mil. Retained Earnings was ₫10,451,617 Mil. Pre-Tax Income was 409611.17 + 9177335.391 + 1920845.479 + 63443.264 = ₫11,571,235 Mil. Interest Expense was -274880.153 + -324874.091 + -316896.79 + -9972.891 = ₫-926,624 Mil. Revenue was 766756.466 + 15364351.278 + 4233496.348 + 235020.853 = ₫20,599,625 Mil. Market Cap (Today) was ₫74,952,283 Mil. Total Liabilities was ₫101,095,018 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
Sunshine Group Development JSC (HSTC:KSF) has a Altman Z-Score of 1.33 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sunshine Group Development JSC and its competitors. This is near median its historical median of 1.40. Over the past decade, Sunshine Group Development JSC's Altman Z-Score has ranged from 1.06 to 4.36. According to the industry distribution chart, Sunshine Group Development JSC ranks #841 out of 1733 companies in the Real Estate industry, placing it in the top 48.5%.
Is Sunshine Group Development JSC's Altman Z-Score too high?
Sunshine Group Development JSC's current Altman Z-Score of 1.33 is near median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 4.36. The Real Estate industry median Altman Z-Score is 1.30. Sunshine Group Development JSC's value of 1.33 is 2.3% above this industry median. Based on the distribution chart, Sunshine Group Development JSC ranks #841 out of 1733 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sunshine Group Development JSC has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunshine Group Development JSC's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Sunshine Group Development JSC ranks #841 out of 1733 companies for Altman Z-Score. This puts Sunshine Group Development JSC in the upper half of its industry. The industry median Altman Z-Score is 1.30. Sunshine Group Development JSC's value of 1.33 is 2.3% above this benchmark. Historically, Sunshine Group Development JSC's own Altman Z-Score has ranged from 1.06 to 4.36 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 1.30, Sunshine Group Development JSC 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,733 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. Sunshine Group Development JSC's current Altman Z-Score of 1.33 is 2.3% 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 Sunshine Group Development JSC and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunshine Group Development JSC's current Altman Z-Score is 1.33, which is near median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Group Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Group Development JSC (HSTC:KSF) is currently considered Possible Value Trap. The stock's GF Value™ is ₫307,980.70, compared to a current price of ₫83,300.00 — trading 73% below its estimated fair value. The current Altman Z-Score is 1.33, which is near median its 10-year median of 1.40 and 2.3% above the Real Estate industry median of 1.30. Sunshine Group Development JSC's overall GF Score™ is 54/100 with 3 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 Sunshine Group Development JSC (HSTC:KSF), the current Altman Z-Score is 1.33 as of Jun. 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 Sunshine Group Development JSC (HSTC:KSF) Overvalued in 2026?
Based on GuruFocus' analysis, Sunshine Group Development JSC stock appears to be undervalued.
The current stock price of ₫83,300.00 is trading 73% below its estimated GF Value™ of ₫307,980.70.
GuruFocus considers Sunshine Group Development JSC to be Possible Value Trap.
Key valuation signals for HSTC:KSF:
Altman Z-Score: 1.33 (near median its 10-year median of 1.40)
GF Value™: ₫307,980.70 vs. price of ₫83,300.00 (73% below fair value)
Industry Position: 2.3% above the Real Estate median (#841 of 1733)
No single metric tells the full story. See the HSTC:KSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sunshine Group Development JSC Business Description
Sunshine Group Development JSC is a multi-industry economic group with key fields: Real Estate - Technology - Construction - Education - Finance - Communication - Trade in services. Its focus resources on developing real estate serving technology, including complexes related to training schools, research and development centers, moving towards urban areas and cities. Multi-functional smart city, combining and meeting all needs for research, education, work, entertainment, relaxation.
54GF Score
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