Frontier Transport HoldingsJSE:FTH +8.58%77 Altman Z-Score is 2.28 as of Jun. 28, 2026, which is 24% below its 10-year median of 3.01. GuruFocus rates JSE:FTH with a GF Score™ of 77/100 and a GF Value™ of R6.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 992 Transportation companies, Frontier Transport Holdings ranks better than 50.91% 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 2.28 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Frontier Transport Holdings has a Altman Z-Score of 2.28, indicating it is in Grey Zones. This implies that Frontier Transport Holdings is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Frontier Transport Holdings's Altman Z-Score or its related term are showing as below:
JSE:FTH'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.23 Med: 3.01 Max: 3.91
Current: 2.28
During the past 10 years, Frontier Transport Holdings's highest Altman Z-Score was 3.91. The lowest was 2.23. And the median was 3.01.
Frontier Transport Holdings (JSE:FTH) 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.
JSE:FTH vs UNP, CSX, NSC: Altman Z-Score Comparison
For the Railroads subindustry, Frontier Transport 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.
Frontier Transport Holdings Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Frontier Transport Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Frontier Transport Holdings's Altman Z-Score falls into.
Frontier Transport Holdings 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.
Frontier Transport Holdings (JSE:FTH) has a Altman Z-Score of 2.28 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Frontier Transport Holdings and its competitors. This is 24% below median its historical median of 3.01. Over the past decade, Frontier Transport Holdings' Altman Z-Score has ranged from 2.23 to 3.91. According to the industry distribution chart, Frontier Transport Holdings ranks #487 out of 992 companies in the Transportation industry, placing it in the top 49.1%.
Is Frontier Transport Holdings' Altman Z-Score too high?
Frontier Transport Holdings' current Altman Z-Score of 2.28 is 24% below median its 10-year median of 3.01. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 3.91. The Transportation industry median Altman Z-Score is 2.27. Frontier Transport Holdings' value of 2.28 is 0.4% above this industry median. Based on the distribution chart, Frontier Transport Holdings ranks #487 out of 992 companies in the Transportation industry, which is above the industry midpoint. Overall, Frontier Transport Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Frontier Transport Holdings' Altman Z-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Frontier Transport Holdings ranks #487 out of 992 companies for Altman Z-Score. This puts Frontier Transport Holdings in the upper half of its industry. The industry median Altman Z-Score is 2.27. Frontier Transport Holdings' value of 2.28 is 0.4% above this benchmark. Historically, Frontier Transport Holdings' own Altman Z-Score has ranged from 2.23 to 3.91 over the past decade. While the company's 10-year median is 3.01 vs. the industry median of 2.27, Frontier Transport Holdings 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 992 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. Frontier Transport Holdings's current Altman Z-Score of 2.28 is 0.4% 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 Frontier Transport Holdings and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Transport Holdings's current Altman Z-Score is 2.28, which is 24% below median its own 10-year median of 3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Transport Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Transport Holdings (JSE:FTH) is currently considered Fairly Valued. The stock's GF Value™ is R6.73, compared to a current price of R6.20 — trading 7.9% below its estimated fair value. The current Altman Z-Score is 2.28, which is 24% below median its 10-year median of 3.01 and 0.4% above the Transportation industry median of 2.27. Frontier Transport Holdings' overall GF Score™ is 77/100 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 Frontier Transport Holdings (JSE:FTH), the current Altman Z-Score is 2.28 as of Jun. 28, 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 Frontier Transport Holdings (JSE:FTH) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Transport Holdings stock appears to be undervalued.
The current stock price of R6.20 is trading 7.9% below its estimated GF Value™ of R6.73.
GuruFocus considers Frontier Transport Holdings to be Fairly Valued.
Key valuation signals for JSE:FTH:
Altman Z-Score: 2.28 (24% below median its 10-year median of 3.01)
GF Value™: R6.73 vs. price of R6.20 (7.9% below fair value)
Industry Position: 0.4% above the Transportation median (#487 of 992)
No single metric tells the full story. See the JSE:FTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Transport Holdings Ltd is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The company through its subsidiary provides a scheduled commuter bus operator in the Cape Metropole. The company provides services such as Public Transport, School & Private Tours, Luxury Coaches, Shuttle Services, and Parts & Spares Sales.
77GF Score
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