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Anchun International HoldingsSGX:BTX 34 Altman Z-Score is 2.12 as of Aug. 15, 2026, which is 33% above its 10-year median of 1.60. GuruFocus rates SGX:BTX with a GF Score™ of 34/100 and a GF Value™ of S$0.30 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,567 Chemicals companies, Anchun International Holdings ranks worse than 66.82% 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 2.22 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.
Anchun International Holdings has a Altman Z-Score of 2.12, indicating it is in Grey Zones. This implies that Anchun International 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 Anchun International Holdings's Altman Z-Score or its related term are showing as below:
SGX:BTX'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.92 Med: 1.6 Max: 2.27
Current: 2.22
During the past 13 years, Anchun International Holdings's highest Altman Z-Score was 2.27. The lowest was 0.92. And the median was 1.60.
Anchun International Holdings (SGX:BTX) 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.
Anchun International Holdings Altman Z-Score Chart
For the Chemicals subindustry, Anchun International 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.
Anchun International Holdings Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Anchun International Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Anchun International Holdings's Altman Z-Score falls into.
Anchun International 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.
Anchun International Holdings (SGX:BTX) has a Altman Z-Score of 2.12 as of Aug. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Anchun International Holdings and its competitors. This is 33% above median its historical median of 1.60. Over the past decade, Anchun International Holdings' Altman Z-Score has ranged from 0.92 to 2.27. According to the industry distribution chart, Anchun International Holdings ranks #1047 out of 1567 companies in the Chemicals industry, placing it in the top 66.8%.
Is Anchun International Holdings' Altman Z-Score too high?
Anchun International Holdings' current Altman Z-Score of 2.12 is 33% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.27. The Chemicals industry median Altman Z-Score is 3.11. Anchun International Holdings' value of 2.12 is 31.8% below this industry median. Based on the distribution chart, Anchun International Holdings ranks #1047 out of 1567 companies in the Chemicals industry, which is below the industry midpoint. Overall, Anchun International Holdings has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anchun International Holdings' Altman Z-Score compare to DOW?
According to the Chemicals industry distribution chart, Anchun International Holdings ranks #1047 out of 1567 companies for Altman Z-Score. This places Anchun International Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.11. Anchun International Holdings' value of 2.12 is 31.8% below this benchmark. Historically, Anchun International Holdings' own Altman Z-Score has ranged from 0.92 to 2.27 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 3.11, Anchun International Holdings 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.11, based on 1,567 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. Anchun International Holdings's current Altman Z-Score of 2.12 is 31.8% 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 Anchun International Holdings and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anchun International Holdings's current Altman Z-Score is 2.12, which is 33% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anchun International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Anchun International Holdings (SGX:BTX) is currently considered Fairly Valued. The stock's GF Value™ is S$0.30, compared to a current price of S$0.33 — trading 10% above its estimated fair value. The current Altman Z-Score is 2.12, which is 33% above median its 10-year median of 1.60 and 31.8% below the Chemicals industry median of 3.11. Anchun International Holdings' overall GF Score™ is 34/100 with 2 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 Anchun International Holdings (SGX:BTX), the current Altman Z-Score is 2.12 as of Aug. 15, 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 Anchun International Holdings (SGX:BTX) Overvalued in 2026?
Based on GuruFocus' analysis, Anchun International Holdings stock appears to be overvalued.
The current stock price of S$0.33 is trading 10% above its estimated GF Value™ of S$0.30.
GuruFocus considers Anchun International Holdings to be Fairly Valued.
Key valuation signals for SGX:BTX:
Altman Z-Score: 2.12 (33% above median its 10-year median of 1.60)
GF Value™: S$0.30 vs. price of S$0.33 (10% above fair value)
Industry Position: 31.8% below the Chemicals median (#1047 of 1567)
No single metric tells the full story. See the SGX:BTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anchun International Holdings Ltd is an investment holding company. The group is an integrated EPC provider of process technology, design, manufacturing, and engineering services. The company has aggregated its operations into reportable segments as: Catalyst Business, Chemical Engineering and Technology Engineering Services; and Chemical Systems and Components Business. The catalyst business segment involves manufacturing a variety of catalysts for use in the process of gas making. The Chemical Engineering segment involves providing chemical systems engineering and technology design services for the production of ammonia and methanol-related products. The Chemical Systems segment involves the manufacturing of chemical equipment. It derives maximum revenue from the PRC from CSC business.
34GF Score
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