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Food Empire HoldingsSGX:F03 +1.68%85 Altman Z-Score is 6.41 as of Jul. 14, 2026, which is 46% above its 10-year median of 4.40. GuruFocus rates SGX:F03 with a GF Score™ of 85/100 and a GF Value™ of S$1.18 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 113 Beverages - Non-Alcoholic companies, Food Empire Holdings ranks better than 75.22% 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 6.65 is strong.
Food Empire Holdings has a Altman Z-Score of 6.41, 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 Food Empire Holdings's Altman Z-Score or its related term are showing as below:
SGX:F03'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.18 Med: 4.4 Max: 6.65
Current: 6.65
During the past 13 years, Food Empire Holdings's highest Altman Z-Score was 6.65. The lowest was 3.18. And the median was 4.40.
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.
Food Empire Holdings Altman Z-Score Related Terms
Food Empire Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Food Empire 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.
SGX:F03 vs KO, PEP, MNST: Altman Z-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Food Empire 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.
Food Empire Holdings Altman Z-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Food Empire Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Food Empire Holdings'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.
Food Empire 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
*
0.4742
+
1.4
*
0.511
+
3.3
*
0.1157
+
0.6
*
6.2111
+
1.0
*
1.0188
=
6.41
* 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.
Food Empire Holdings (SGX:F03) has a Altman Z-Score of 6.41 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Food Empire Holdings and its competitors. This is 46% above median its historical median of 4.40. Over the past decade, Food Empire Holdings' Altman Z-Score has ranged from 3.18 to 6.65. According to the industry distribution chart, Food Empire Holdings ranks #28 out of 113 companies in the Beverages - Non-Alcoholic industry, placing it in the top 24.8%.
Is Food Empire Holdings' Altman Z-Score too high?
Food Empire Holdings' current Altman Z-Score of 6.41 is 46% above median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 3.18 to a high of 6.65. The Beverages - Non-Alcoholic industry median Altman Z-Score is 3.38. Food Empire Holdings' value of 6.41 is 89.6% above this industry median. Based on the distribution chart, Food Empire Holdings ranks #28 out of 113 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Food Empire Holdings has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Food Empire Holdings' Altman Z-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Food Empire Holdings ranks #28 out of 113 companies for Altman Z-Score. This places Food Empire Holdings in the top 25% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.38. Food Empire Holdings' value of 6.41 is 89.6% above this benchmark. Historically, Food Empire Holdings' own Altman Z-Score has ranged from 3.18 to 6.65 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 3.38, Food Empire 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 a Beverages - Non-Alcoholic company?
The median Altman Z-Score among Beverages - Non-Alcoholic companies is 3.38, based on 113 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. Food Empire Holdings's current Altman Z-Score of 6.41 is 89.6% 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 Food Empire Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Food Empire Holdings's current Altman Z-Score is 6.41, which is 46% above median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Food Empire Holdings stock overvalued right now?
Based on GuruFocus' analysis, Food Empire Holdings (SGX:F03) is currently considered Significantly Overvalued. The stock's GF Value™ is S$1.18, compared to a current price of S$2.42 — trading 105.1% above its estimated fair value. The current Altman Z-Score is 6.41, which is 46% above median its 10-year median of 4.40 and 89.6% above the Beverages - Non-Alcoholic industry median of 3.38. Food Empire Holdings' overall GF Score™ is 85/100 with 7 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 Food Empire Holdings (SGX:F03), the current Altman Z-Score is 6.41 as of Jul. 14, 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 Food Empire Holdings (SGX:F03) Overvalued in 2026?
Based on GuruFocus' analysis, Food Empire Holdings stock appears to be overvalued.
The current stock price of S$2.42 is trading 105.1% above its estimated GF Value™ of S$1.18.
GuruFocus considers Food Empire Holdings to be Significantly Overvalued.
Key valuation signals for SGX:F03:
Altman Z-Score: 6.41 (46% above median its 10-year median of 4.40)
GF Value™: S$1.18 vs. price of S$2.42 (105.1% above fair value)
Industry Position: 89.6% above the Beverages - Non-Alcoholic median (#28 of 113)
No single metric tells the full story. See the SGX:F03 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Food Empire Holdings Ltd is principally an investment holding company. Along with its subsidiaries, it operates as a multinational food and beverage manufacturing and distribution group. The company's primary business is instant coffee beverages, which are retailed under its flagship MacCoffee and CafePHO brands. It offers a range of other beverages such as tea and hot chocolate under its family of proprietary brands including Petrovskaya Sloboda, Klassno and Hillway. The Group is also involved in the snack manufacturing and distribution business under its Kracks brand. The company is organised into six reportable segments based on geographical locations, namely Russia, South-East Asia, Central Asia, South Asia, Europe, and Others. The majority of revenue is derived from Russia.
85GF Score
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