Fomento de Construcciones y Contratas (MEX:FCCN) Altman Z-Score: 1.06 (As of Aug. 09, 2026) — 14% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:FCCN Fomento de Construcciones y Contratas SA MEX:FCCN
69 GF Score
Price MXN259.00
GF Value MXN269.79
! 8 Warning Signs
View Full Analysis

What is Fomento de Construcciones y Contratas Altman Z-Score?

Fomento de Construcciones y Contratas MEX:FCCN 69 Altman Z-Score is 1.06 as of Aug. 09, 2026, which is 14% above its 10-year median of 0.93. GuruFocus rates MEX:FCCN with a GF Score™ of 69/100 and a GF Value™ of MXN269.79. The stock has 8 warning signs investors should review. Among 237 Waste Management companies, Fomento de Construcciones y Contratas ranks worse than 73.84% 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 1.04 is in distress zone. This implies bankruptcy possibility in the next two years.

Fomento de Construcciones y Contratas has a Altman Z-Score of 1.06, 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 Fomento de Construcciones y Contratas's Altman Z-Score or its related term are showing as below:

MEX:FCCN' s Altman Z-Score Range Over the Past 10 Years
Min: 0.46   Med: 0.93   Max: 1.28
Current: 1.04

During the past 13 years, Fomento de Construcciones y Contratas's highest Altman Z-Score was 1.28. The lowest was 0.46. And the median was 0.93.


Fomento de Construcciones y Contratas  (MEX:FCCN) 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.


Fomento de Construcciones y Contratas Altman Z-Score Related Terms


Fomento de Construcciones y Contratas Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Fomento de Construcciones y Contratas'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.

Fomento de Construcciones y Contratas Altman Z-Score Chart

Fomento de Construcciones y Contratas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.60 1.10 1.28 0.79

Fomento de Construcciones y Contratas Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.68 0.79 0.00 1.08

MEX:FCCN vs WM, RSG, WCN: Altman Z-Score Comparison

For the Waste Management subindustry, Fomento de Construcciones y Contratas'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.


Fomento de Construcciones y Contratas Altman Z-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Fomento de Construcciones y Contratas's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Fomento de Construcciones y Contratas's Altman Z-Score falls into.


MEX:FCCN
69GF Score
Fomento de Construcciones y Contratas SA MEX:FCCN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fomento de Construcciones y Contratas 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.

Fomento de Construcciones y Contratas'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*0.0844+1.4*0.008+3.3*0+0.6*0.4587+1.0*0.6704
=1.06

* 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 Jun. 2026:
Total Assets was MXN320,704 Mil.
Total Current Assets was MXN140,476 Mil.
Total Current Liabilities was MXN113,419 Mil.
Retained Earnings was MXN2,575 Mil.
Pre-Tax Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Interest Expense was 0 + 0 + 0 + 0 = MXN0 Mil.
Revenue was 55431.111 + 50007.908 + 55843.624 + 53710.547 = MXN214,993 Mil.
Market Cap (Today) was MXN103,545 Mil.
Total Liabilities was MXN225,729 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
=(140476.049 - 113418.701)/320704.177
=0.0844

X2=Retained Earnings/Total Assets
=2574.813/320704.177
=0.008

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0 - 0)/320704.177
=0

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=103545.378/225728.868
=0.4587

X5=Revenue/Total Assets
=214993.19/320704.177
=0.6704

The zones of discrimination were as such:

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

Fomento de Construcciones y Contratas has a Altman Z-Score of 1.06 indicating it is in Distress 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 1.06 mean?
Fomento de Construcciones y Contratas (MEX:FCCN) has a Altman Z-Score of 1.06 as of Aug. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fomento de Construcciones y Contratas and its competitors. This is 14% above median its historical median of 0.93. Over the past decade, Fomento de Construcciones y Contratas' Altman Z-Score has ranged from 0.46 to 1.28. According to the industry distribution chart, Fomento de Construcciones y Contratas ranks #175 out of 237 companies in the Waste Management industry, placing it in the top 73.8%.
Is Fomento de Construcciones y Contratas' Altman Z-Score too high?
Fomento de Construcciones y Contratas' current Altman Z-Score of 1.06 is 14% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.28. The Waste Management industry median Altman Z-Score is 1.97. Fomento de Construcciones y Contratas' value of 1.06 is 46.2% below this industry median. Based on the distribution chart, Fomento de Construcciones y Contratas ranks #175 out of 237 companies in the Waste Management industry, which is below the industry midpoint. Overall, Fomento de Construcciones y Contratas has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Fomento de Construcciones y Contratas' Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Fomento de Construcciones y Contratas ranks #175 out of 237 companies for Altman Z-Score. This places Fomento de Construcciones y Contratas in the lower half of its industry. The industry median Altman Z-Score is 1.97. Fomento de Construcciones y Contratas' value of 1.06 is 46.2% below this benchmark. Historically, Fomento de Construcciones y Contratas' own Altman Z-Score has ranged from 0.46 to 1.28 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.97, Fomento de Construcciones y Contratas has consistently been below 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 1.97, based on 237 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. Fomento de Construcciones y Contratas's current Altman Z-Score of 1.06 is 46.2% below 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 Fomento de Construcciones y Contratas and its competitors. For the Waste Management industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomento de Construcciones y Contratas's current Altman Z-Score is 1.06, which is 14% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomento de Construcciones y Contratas stock overvalued right now?
Fomento de Construcciones y Contratas (MEX:FCCN) has a current Altman Z-Score of 1.06. The stock's GF Value™ is MXN269.79, compared to a current price of MXN259.00 — trading 4% below its estimated fair value. The current Altman Z-Score is 1.06, which is 14% above median its 10-year median of 0.93 and 46.2% below the Waste Management industry median of 1.97. Fomento de Construcciones y Contratas' overall GF Score™ is 69/100 with 8 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 Fomento de Construcciones y Contratas (MEX:FCCN), the current Altman Z-Score is 1.06 as of Aug. 09, 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 Fomento de Construcciones y Contratas (MEX:FCCN) Overvalued in 2026?

Based on GuruFocus' analysis, Fomento de Construcciones y Contratas stock appears to be undervalued. The current stock price of MXN259.00 is trading 4% below its estimated GF Value™ of MXN269.79.

Key valuation signals for MEX:FCCN:

  • Altman Z-Score: 1.06 (14% above median its 10-year median of 0.93)
  • GF Value™: MXN269.79 vs. price of MXN259.00 (4% below fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 46.2% below the Waste Management median (#175 of 237)

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


Fomento de Construcciones y Contratas Business Description

Address Federico Salmon, 13, Madrid, ESP, 28016
Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.
69GF Score

Get the complete analysis for MEX:FCCN

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

MXN259.00
Price
MXN269.79
GF Value