Kakao (SGX:CQC) Altman Z-Score: 2.01 (As of Jul. 17, 2026) — 24% Below Median

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What is Kakao Altman Z-Score?

Kakao SGX:CQC 88 Altman Z-Score is 2.01 as of Jul. 17, 2026, which is 24% below its 10-year median of 2.66. GuruFocus rates SGX:CQC with a GF Score™ of 88/100. The stock has 4 warning signs investors should review. Among 549 Interactive Media companies, Kakao ranks worse than 70.49% 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 1.42 is in distress zone. This implies bankruptcy possibility in the next two years.

Kakao has a Altman Z-Score of 2.01, indicating it is in Grey Zones. This implies that Kakao 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 Kakao's Altman Z-Score or its related term are showing as below:

SGX:CQC' s Altman Z-Score Range Over the Past 10 Years
Min: 1.2   Med: 2.66   Max: 8.16
Current: 1.42

During the past 13 years, Kakao's highest Altman Z-Score was 8.16. The lowest was 1.20. And the median was 2.66.


Kakao  (SGX:CQC) 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.


Kakao Altman Z-Score Related Terms


Kakao Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Kakao'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.

Kakao Altman Z-Score Chart

Kakao 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 4.05 2.31 1.59 1.40 1.95

Kakao Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.46 1.92 1.94 1.95 1.63

SGX:CQC vs GOOGL, META, SPOT: Altman Z-Score Comparison

For the Internet Content & Information subindustry, Kakao'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.


Kakao Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kakao's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Kakao's Altman Z-Score falls into.



Kakao 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.

Kakao'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*0.1543+1.4*0.1015+3.3*0.0357+0.6*2.1133+1.0*0.2967
=2.01

* 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 Mar. 2026:
Total Assets was $19,324.00 Mil.
Total Current Assets was $10,030.59 Mil.
Total Current Liabilities was $7,048.46 Mil.
Retained Earnings was $1,961.19 Mil.
Pre-Tax Income was 223.092 + -14.288 + 182.825 + 142.863 = $534.49 Mil.
Interest Expense was 0 + -97.822 + -13.183 + -44.043 = $-155.05 Mil.
Revenue was 1302.955 + 1447.106 + 1498.006 + 1486.295 = $5,734.36 Mil.
Market Cap (Today) was $18,973.89 Mil.
Total Liabilities was $8,978.27 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
=(10030.593 - 7048.464)/19323.997
=0.1543

X2=Retained Earnings/Total Assets
=1961.192/19323.997
=0.1015

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(534.492 - -155.048)/19323.997
=0.0357

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=18973.893/8978.272
=2.1133

X5=Revenue/Total Assets
=5734.362/19323.997
=0.2967

The zones of discrimination were as such:

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

Kakao has a Altman Z-Score of 2.01 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 2.01 mean?
Kakao (SGX:CQC) has a Altman Z-Score of 2.01 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kakao and its competitors. This is 24% below median its historical median of 2.66. Over the past decade, Kakao's Altman Z-Score has ranged from 1.20 to 8.16. According to the industry distribution chart, Kakao ranks #387 out of 549 companies in the Interactive Media industry, placing it in the top 70.5%.
Is Kakao's Altman Z-Score too high?
Kakao's current Altman Z-Score of 2.01 is 24% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 8.16. The Interactive Media industry median Altman Z-Score is 3.06. Kakao's value of 2.01 is 34.3% below this industry median. Based on the distribution chart, Kakao ranks #387 out of 549 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Kakao has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Kakao's Altman Z-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Kakao ranks #387 out of 549 companies for Altman Z-Score. This places Kakao in the lower half of its industry. The industry median Altman Z-Score is 3.06. Kakao's value of 2.01 is 34.3% below this benchmark. Historically, Kakao's own Altman Z-Score has ranged from 1.20 to 8.16 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 3.06, Kakao 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 an Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.06, based on 549 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. Kakao's current Altman Z-Score of 2.01 is 34.3% 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 Kakao and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kakao's current Altman Z-Score is 2.01, which is 24% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kakao stock overvalued right now?
Kakao (SGX:CQC) has a current Altman Z-Score of 2.01. The current Altman Z-Score is 2.01, which is 24% below median its 10-year median of 2.66 and 34.3% below the Interactive Media industry median of 3.06. Kakao's overall GF Score™ is 88/100 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 Kakao (SGX:CQC), the current Altman Z-Score is 2.01 as of Jul. 17, 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.

Kakao Business Description

Other Exchanges 035720:Korea
Address 242 Cheomdan-ro, Jeju-do, Jeju, KOR, 63309
Kakao Corp is a technology and platform company engaged in digital services, content, mobility, and financial technology businesses. The company operates through seven reportable segments. The Kakao segment provides advertising and platform-based service offerings. The Kakao Games segment covers game development, publishing, and related services. The Kakao Entertainment segment focuses on entertainment planning and content production, and distribution. Kakao Mobility offers database-based information provision services, while Kakao Pay provides mobile platform-based financial services. Kakao Piccoma operates a platform for webtoon and web-novel supply, and the SM Entertainment segment engages in entertainment planning and content production.