Hudaco IndustriesJSE:HDC +0.19%89 Altman Z-Score is 4.11 as of Jul. 03, 2026, which is 4% above its 10-year median of 3.95. GuruFocus rates JSE:HDC with a GF Score™ of 89/100 and a GF Value™ of R189.38 (Fairly Valued). Among 153 Industrial Distribution companies, Hudaco Industries ranks better than 68.63% 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 4.11 is strong.
Hudaco Industries has a Altman Z-Score of 4.11, 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 Hudaco Industries's Altman Z-Score or its related term are showing as below:
JSE:HDC'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.24 Med: 3.95 Max: 4.3
Current: 4.11
During the past 13 years, Hudaco Industries's highest Altman Z-Score was 4.30. The lowest was 3.24. And the median was 3.95.
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.
Hudaco Industries Altman Z-Score Related Terms
Hudaco Industries Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Hudaco Industries'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.
JSE:HDC vs GWW, FAST, FERG: Altman Z-Score Comparison
For the Industrial Distribution subindustry, Hudaco Industries'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.
Hudaco Industries Altman Z-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Hudaco Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hudaco Industries'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.
Hudaco Industries'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
*
0.4078
+
1.4
*
0.5222
+
3.3
*
0.1391
+
0.6
*
1.8824
+
1.0
*
1.3004
=
4.11
* 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.
Hudaco Industries (JSE:HDC) has a Altman Z-Score of 4.11 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hudaco Industries and its competitors. This is near median its historical median of 3.95. Over the past decade, Hudaco Industries' Altman Z-Score has ranged from 3.24 to 4.30. According to the industry distribution chart, Hudaco Industries ranks #48 out of 153 companies in the Industrial Distribution industry, placing it in the top 31.4%.
Is Hudaco Industries' Altman Z-Score too high?
Hudaco Industries' current Altman Z-Score of 4.11 is near median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 4.30. The Industrial Distribution industry median Altman Z-Score is 3.25. Hudaco Industries' value of 4.11 is 26.5% above this industry median. Based on the distribution chart, Hudaco Industries ranks #48 out of 153 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Hudaco Industries has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hudaco Industries' Altman Z-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Hudaco Industries ranks #48 out of 153 companies for Altman Z-Score. This puts Hudaco Industries in the upper half of its industry. The industry median Altman Z-Score is 3.25. Hudaco Industries' value of 4.11 is 26.5% above this benchmark. Historically, Hudaco Industries' own Altman Z-Score has ranged from 3.24 to 4.30 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 3.25, Hudaco Industries 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 an Industrial Distribution company?
The median Altman Z-Score among Industrial Distribution companies is 3.25, based on 153 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. Hudaco Industries's current Altman Z-Score of 4.11 is 26.5% 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 Hudaco Industries and its competitors. For the Industrial Distribution industry, the median Altman Z-Score is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hudaco Industries's current Altman Z-Score is 4.11, which is near median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudaco Industries stock overvalued right now?
Based on GuruFocus' analysis, Hudaco Industries (JSE:HDC) is currently considered Fairly Valued. The stock's GF Value™ is R189.38, compared to a current price of R187.50 — trading 1% below its estimated fair value. The current Altman Z-Score is 4.11, which is near median its 10-year median of 3.95 and 26.5% above the Industrial Distribution industry median of 3.25. Hudaco Industries' overall GF Score™ is 89/100. 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 Hudaco Industries (JSE:HDC), the current Altman Z-Score is 4.11 as of Jul. 03, 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 Hudaco Industries (JSE:HDC) Overvalued in 2026?
Based on GuruFocus' analysis, Hudaco Industries stock appears to be undervalued.
The current stock price of R187.50 is trading 1% below its estimated GF Value™ of R189.38.
GuruFocus considers Hudaco Industries to be Fairly Valued.
Key valuation signals for JSE:HDC:
Altman Z-Score: 4.11 (near median its 10-year median of 3.95)
GF Value™: R189.38 vs. price of R187.50 (1% below fair value)
Industry Position: 26.5% above the Industrial Distribution median (#48 of 153)
No single metric tells the full story. See the JSE:HDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Engineering consumables segment. Geographically, it derives a majority of revenue from South Africa.
89GF Score
Get the complete analysis for JSE:HDC
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:HDC has been successfully added to your 
