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Kangxin New Materials CoSHSE:600076 +1.97%47 Altman Z-Score is 1.42 as of Jul. 14, 2026, which is 26% below its 10-year median of 1.93. GuruFocus rates SHSE:600076 with a GF Score™ of 47/100 and a GF Value™ of ¥2.60 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 282 Forest Products companies, Kangxin New Materials Co ranks worse than 60.99% 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 1.45 is in distress zone. This implies bankruptcy possibility in the next two years.
Kangxin New Materials Co has a Altman Z-Score of 1.42, 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 Kangxin New Materials Co's Altman Z-Score or its related term are showing as below:
SHSE:600076'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.18 Med: 1.93 Max: 10.7
Current: 1.45
During the past 13 years, Kangxin New Materials Co's highest Altman Z-Score was 10.70. The lowest was 1.18. And the median was 1.93.
Kangxin New Materials Co (SHSE:600076) 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.
SHSE:600076 vs SSD, UFPI, BCC: Altman Z-Score Comparison
For the Lumber & Wood Production subindustry, Kangxin New Materials Co'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.
Kangxin New Materials Co Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kangxin New Materials Co's Altman Z-Score falls into.
Kangxin New Materials Co 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.
Kangxin New Materials Co (SHSE:600076) has a Altman Z-Score of 1.42 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kangxin New Materials Co and its competitors. This is 26% below median its historical median of 1.93. Over the past decade, Kangxin New Materials Co's Altman Z-Score has ranged from 1.18 to 10.70. According to the industry distribution chart, Kangxin New Materials Co ranks #172 out of 282 companies in the Forest Products industry, placing it in the top 61%.
Is Kangxin New Materials Co's Altman Z-Score too high?
Kangxin New Materials Co's current Altman Z-Score of 1.42 is 26% below median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 10.70. The Forest Products industry median Altman Z-Score is 1.81. Kangxin New Materials Co's value of 1.42 is 21.5% below this industry median. Based on the distribution chart, Kangxin New Materials Co ranks #172 out of 282 companies in the Forest Products industry, which is below the industry midpoint. Overall, Kangxin New Materials Co has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kangxin New Materials Co's Altman Z-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Kangxin New Materials Co ranks #172 out of 282 companies for Altman Z-Score. This places Kangxin New Materials Co in the lower half of its industry. The industry median Altman Z-Score is 1.81. Kangxin New Materials Co's value of 1.42 is 21.5% below this benchmark. Historically, Kangxin New Materials Co's own Altman Z-Score has ranged from 1.18 to 10.70 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 1.81, Kangxin New Materials Co 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.81, based on 282 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. Kangxin New Materials Co's current Altman Z-Score of 1.42 is 21.5% 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 Kangxin New Materials Co and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kangxin New Materials Co's current Altman Z-Score is 1.42, which is 26% below median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kangxin New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Kangxin New Materials Co (SHSE:600076) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.60, compared to a current price of ¥3.10 — trading 19.2% above its estimated fair value. The current Altman Z-Score is 1.42, which is 26% below median its 10-year median of 1.93 and 21.5% below the Forest Products industry median of 1.81. Kangxin New Materials Co's overall GF Score™ is 47/100 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 Kangxin New Materials Co (SHSE:600076), the current Altman Z-Score is 1.42 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 Kangxin New Materials Co (SHSE:600076) Overvalued in 2026?
Based on GuruFocus' analysis, Kangxin New Materials Co stock appears to be overvalued.
The current stock price of ¥3.10 is trading 19.2% above its estimated GF Value™ of ¥2.60.
GuruFocus considers Kangxin New Materials Co to be Modestly Overvalued.
Key valuation signals for SHSE:600076:
Altman Z-Score: 1.42 (26% below median its 10-year median of 1.93)
GF Value™: ¥2.60 vs. price of ¥3.10 (19.2% above fair value)
Industry Position: 21.5% below the Forest Products median (#172 of 282)
No single metric tells the full story. See the SHSE:600076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.
47GF Score
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