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 25.47 is strong.
Vietnam Engine & Agricultural Machinery has a Altman Z-Score of 25.53, 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.
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.
HSTC:VEA vs CAT, DE, PCAR: Altman Z-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Vietnam Engine & Agricultural Machinery'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.
Vietnam Engine & Agricultural Machinery Altman Z-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Vietnam Engine & Agricultural Machinery's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Vietnam Engine & Agricultural Machinery'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.
Vietnam Engine & Agricultural Machinery (HSTC:VEA) has a Altman Z-Score of 25.53 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vietnam Engine & Agricultural Machinery and its competitors. This is near median its historical median of 25.93. Over the past decade, Vietnam Engine & Agricultural Machinery's Altman Z-Score has ranged from 6.74 to 36.12. According to the industry distribution chart, Vietnam Engine & Agricultural Machinery ranks #1 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 0.5%.
Is Vietnam Engine & Agricultural Machinery's Altman Z-Score too high?
Vietnam Engine & Agricultural Machinery's current Altman Z-Score of 25.53 is near median its 10-year median of 25.93. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 36.12. The Farm & Heavy Construction Machinery industry median Altman Z-Score is 2.59. Vietnam Engine & Agricultural Machinery's value of 25.53 is 887.6% above this industry median. Based on the distribution chart, Vietnam Engine & Agricultural Machinery ranks #1 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Vietnam Engine & Agricultural Machinery has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Engine & Agricultural Machinery's Altman Z-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Vietnam Engine & Agricultural Machinery ranks #1 out of 208 companies for Altman Z-Score. This places Vietnam Engine & Agricultural Machinery in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.59. Vietnam Engine & Agricultural Machinery's value of 25.53 is 887.6% above this benchmark. Historically, Vietnam Engine & Agricultural Machinery's own Altman Z-Score has ranged from 6.74 to 36.12 over the past decade. While the company's 10-year median is 25.93 vs. the industry median of 2.59, Vietnam Engine & Agricultural Machinery 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 Farm & Heavy Construction Machinery company?
The median Altman Z-Score among Farm & Heavy Construction Machinery companies is 2.59, based on 208 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. Vietnam Engine & Agricultural Machinery's current Altman Z-Score of 25.53 is 887.6% 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 Vietnam Engine & Agricultural Machinery and its competitors. For the Farm & Heavy Construction Machinery industry, the median Altman Z-Score is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vietnam Engine & Agricultural Machinery's current Altman Z-Score is 25.53, which is near median its own 10-year median of 25.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Engine & Agricultural Machinery stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Engine & Agricultural Machinery (HSTC:VEA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫41,950.04, compared to a current price of ₫35,100.00 — trading 16.3% below its estimated fair value. The current Altman Z-Score is 25.53, which is near median its 10-year median of 25.93 and 887.6% above the Farm & Heavy Construction Machinery industry median of 2.59. Vietnam Engine & Agricultural Machinery's overall GF Score™ is 78/100 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 Vietnam Engine & Agricultural Machinery (HSTC:VEA), the current Altman Z-Score is 25.53 as of Jul. 02, 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 Vietnam Engine & Agricultural Machinery (HSTC:VEA) Overvalued in 2026?
Based on GuruFocus' analysis, Vietnam Engine & Agricultural Machinery stock appears to be undervalued.
The current stock price of ₫35,100.00 is trading 16.3% below its estimated GF Value™ of ₫41,950.04.
GuruFocus considers Vietnam Engine & Agricultural Machinery to be Modestly Undervalued.
Key valuation signals for HSTC:VEA:
Altman Z-Score: 25.53 (near median its 10-year median of 25.93)
GF Value™: ₫41,950.04 vs. price of ₫35,100.00 (16.3% below fair value)
Industry Position: 887.6% above the Farm & Heavy Construction Machinery median (#1 of 208)
No single metric tells the full story. See the HSTC:VEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vietnam Engine & Agricultural Machinery Business Description
Vietnam Engine & Agricultural Machinery Corp is engaged in manufacturing and trading machinery and spare parts for agricultural, forestry, and fishery production and transportation. Its products include VEAM cars, tractors, engines, agricultural machinery, and accessories.
78GF Score
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