Chesterfield Special Cylinders Holdings (LSE:CSC) Altman Z-Score: 2.90 (As of Jul. 01, 2026) — 100% Above Median


LSE:CSC Chesterfield Special Cylinders Holdings PLC LSE:CSC
50 GF Score
Price £0.34
GF Value £0.40
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Chesterfield Special Cylinders Holdings Altman Z-Score?

Chesterfield Special Cylinders Holdings LSE:CSC 50 Altman Z-Score is 2.90 as of Jul. 01, 2026, which is 100% above its 10-year median of 1.45. GuruFocus rates LSE:CSC with a GF Score™ of 50/100 and a GF Value™ of £0.40 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 898 Oil & Gas companies, Chesterfield Special Cylinders Holdings ranks better than 68.6% 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 2.95 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.

Chesterfield Special Cylinders Holdings has a Altman Z-Score of 2.90, indicating it is in Grey Zones. This implies that Chesterfield Special Cylinders 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 Chesterfield Special Cylinders Holdings's Altman Z-Score or its related term are showing as below:

LSE:CSC' s Altman Z-Score Range Over the Past 10 Years
Min: -1.05   Med: 1.45   Max: 2.95
Current: 2.95

During the past 13 years, Chesterfield Special Cylinders Holdings's highest Altman Z-Score was 2.95. The lowest was -1.05. And the median was 1.45.


Chesterfield Special Cylinders Holdings  (LSE:CSC) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Chesterfield Special Cylinders Holdings Altman Z-Score Related Terms


Chesterfield Special Cylinders Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Chesterfield Special Cylinders Holdings'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.

Chesterfield Special Cylinders Holdings Altman Z-Score Chart

Chesterfield Special Cylinders Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.14 1.45 2.04 1.52 2.83

Chesterfield Special Cylinders Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.52 0.00 2.83 0.00

LSE:CSC vs SLB, BKR, HAL: Altman Z-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Chesterfield Special Cylinders 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.


Chesterfield Special Cylinders Holdings Altman Z-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Chesterfield Special Cylinders Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Chesterfield Special Cylinders Holdings's Altman Z-Score falls into.


LSE:CSC
50GF Score
Chesterfield Special Cylinders Holdings PLC LSE:CSC
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chesterfield Special Cylinders 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.

Chesterfield Special Cylinders Holdings'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*0.2631+1.4*0.4255+3.3*-0.0427+0.6*1.9666+1.0*0.9475
=2.90

* 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 Sep. 2025:
Total Assets was £17.50 Mil.
Total Current Assets was £10.32 Mil.
Total Current Liabilities was £5.71 Mil.
Retained Earnings was £7.45 Mil.
Pre-Tax Income was £-0.81 Mil.
Interest Expense was £-0.06 Mil.
Revenue was £16.58 Mil.
Market Cap (Today) was £13.15 Mil.
Total Liabilities was £6.69 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(10.316 - 5.711)/17.501
=0.2631

X2=Retained Earnings/Total Assets
=7.446/17.501
=0.4255

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.809 - -0.062)/17.501
=-0.0427

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13.147/6.685
=1.9666

X5=Revenue/Total Assets
=16.583/17.501
=0.9475

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Chesterfield Special Cylinders Holdings has a Altman Z-Score of 2.90 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.90 mean?
Chesterfield Special Cylinders Holdings (LSE:CSC) has a Altman Z-Score of 2.90 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Chesterfield Special Cylinders Holdings and its competitors. This is 100% above median its historical median of 1.45. According to the industry distribution chart, Chesterfield Special Cylinders Holdings ranks #282 out of 898 companies in the Oil & Gas industry, placing it in the top 31.4%.
Is Chesterfield Special Cylinders Holdings' Altman Z-Score too high?
Chesterfield Special Cylinders Holdings' current Altman Z-Score of 2.90 is 100% above median its 10-year median of 1.45. The Oil & Gas industry median Altman Z-Score is 1.89. Chesterfield Special Cylinders Holdings' value of 2.90 is 53.4% above this industry median. Based on the distribution chart, Chesterfield Special Cylinders Holdings ranks #282 out of 898 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Chesterfield Special Cylinders Holdings has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chesterfield Special Cylinders Holdings' Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Chesterfield Special Cylinders Holdings ranks #282 out of 898 companies for Altman Z-Score. This puts Chesterfield Special Cylinders Holdings in the upper half of its industry. The industry median Altman Z-Score is 1.89. Chesterfield Special Cylinders Holdings' value of 2.90 is 53.4% above this benchmark. While the company's 10-year median is 1.45 vs. the industry median of 1.89, Chesterfield Special Cylinders 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.89, based on 898 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. Chesterfield Special Cylinders Holdings's current Altman Z-Score of 2.90 is 53.4% 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 Chesterfield Special Cylinders Holdings and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chesterfield Special Cylinders Holdings's current Altman Z-Score is 2.90, which is 100% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chesterfield Special Cylinders Holdings stock overvalued right now?
Based on GuruFocus' analysis, Chesterfield Special Cylinders Holdings (LSE:CSC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.40, compared to a current price of £0.34 — trading 15% below its estimated fair value. The current Altman Z-Score is 2.90, which is 100% above median its 10-year median of 1.45 and 53.4% above the Oil & Gas industry median of 1.89. Chesterfield Special Cylinders Holdings' overall GF Score™ is 50/100 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 Chesterfield Special Cylinders Holdings (LSE:CSC), the current Altman Z-Score is 2.90 as of Jul. 01, 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 Chesterfield Special Cylinders Holdings (LSE:CSC) Overvalued in 2026?

Based on GuruFocus' analysis, Chesterfield Special Cylinders Holdings stock appears to be undervalued. The current stock price of £0.34 is trading 15% below its estimated GF Value™ of £0.40. GuruFocus considers Chesterfield Special Cylinders Holdings to be Modestly Undervalued.

Key valuation signals for LSE:CSC:

  • Altman Z-Score: 2.90 (100% above median its 10-year median of 1.45)
  • GF Value™: £0.40 vs. price of £0.34 (15% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 53.4% above the Oil & Gas median (#282 of 898)

No single metric tells the full story. See the LSE:CSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chesterfield Special Cylinders Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges PRS:Germany
Address Meadowhall Road, Pressure Technologies Building, Sheffield, South Yorkshire, GBR, S9 1BT
Chesterfield Special Cylinders Holdings Plc is a provider of bespoke, high-pressure gas containment solutions and services. Its high-pressure cylinders are a critical component for a number of end applications, from high-pressure systems in naval submarines and surface vessels to oxygen cylinders in fighter jets, from the bulk storage of industrial gases to air pressure vessels in floating oil platform motion compensation systems and more recently for hydrogen transport refueling and energy storage.
50GF Score

Get the complete analysis for LSE:CSC

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.34
Price
£0.40
GF Value