CITIC Niya Wine CoSHSE:600084 +4.94%51 Altman Z-Score is 11.89 as of Jul. 01, 2026, which is 31% below its 10-year median of 17.17. GuruFocus rates SHSE:600084 with a GF Score™ of 51/100 and a GF Value™ of ¥4.58 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 208 Beverages - Alcoholic companies, CITIC Niya Wine Co ranks better than 92.79% 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 10.94 is strong.
CITIC Niya Wine Co has a Altman Z-Score of 11.89, 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 CITIC Niya Wine Co's Altman Z-Score or its related term are showing as below:
SHSE:600084'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.8 Med: 17.17 Max: 31.43
Current: 10.94
During the past 13 years, CITIC Niya Wine Co's highest Altman Z-Score was 31.43. The lowest was 2.80. And the median was 17.17.
CITIC Niya Wine Co (SHSE:600084) 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.
Altman Z-Score does not apply to financial companies.
CITIC Niya Wine Co Altman Z-Score Related Terms
CITIC Niya Wine Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for CITIC Niya Wine Co'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.
For the Beverages - Wineries & Distilleries subindustry, CITIC Niya Wine 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.
CITIC Niya Wine Co Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, CITIC Niya Wine Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CITIC Niya Wine Co'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.
CITIC Niya Wine Co'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
*
0.6248
+
1.4
*
-1.8424
+
3.3
*
-0.0145
+
0.6
*
22.7779
+
1.0
*
0.0977
=
11.89
* 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.
CITIC Niya Wine Co (SHSE:600084) has a Altman Z-Score of 11.89 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CITIC Niya Wine Co and its competitors. This is 31% below median its historical median of 17.17. Over the past decade, CITIC Niya Wine Co's Altman Z-Score has ranged from 2.80 to 31.43. According to the industry distribution chart, CITIC Niya Wine Co ranks #15 out of 208 companies in the Beverages - Alcoholic industry, placing it in the top 7.2%.
Is CITIC Niya Wine Co's Altman Z-Score too high?
CITIC Niya Wine Co's current Altman Z-Score of 11.89 is 31% below median its 10-year median of 17.17. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 31.43. The Beverages - Alcoholic industry median Altman Z-Score is 2.75. CITIC Niya Wine Co's value of 11.89 is 332.4% above this industry median. Based on the distribution chart, CITIC Niya Wine Co ranks #15 out of 208 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, CITIC Niya Wine Co has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CITIC Niya Wine Co's Altman Z-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, CITIC Niya Wine Co ranks #15 out of 208 companies for Altman Z-Score. This places CITIC Niya Wine Co in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.75. CITIC Niya Wine Co's value of 11.89 is 332.4% above this benchmark. Historically, CITIC Niya Wine Co's own Altman Z-Score has ranged from 2.80 to 31.43 over the past decade. While the company's 10-year median is 17.17 vs. the industry median of 2.75, CITIC Niya Wine Co 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 - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.75, based on 208 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. CITIC Niya Wine Co's current Altman Z-Score of 11.89 is 332.4% 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 CITIC Niya Wine Co and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CITIC Niya Wine Co's current Altman Z-Score is 11.89, which is 31% below median its own 10-year median of 17.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CITIC Niya Wine Co stock overvalued right now?
Based on GuruFocus' analysis, CITIC Niya Wine Co (SHSE:600084) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.58, compared to a current price of ¥4.04 — trading 11.8% below its estimated fair value. The current Altman Z-Score is 11.89, which is 31% below median its 10-year median of 17.17 and 332.4% above the Beverages - Alcoholic industry median of 2.75. CITIC Niya Wine Co's overall GF Score™ is 51/100 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 CITIC Niya Wine Co (SHSE:600084), the current Altman Z-Score is 11.89 as of Jul. 01, 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 CITIC Niya Wine Co (SHSE:600084) Overvalued in 2026?
Based on GuruFocus' analysis, CITIC Niya Wine Co stock appears to be undervalued.
The current stock price of ¥4.04 is trading 11.8% below its estimated GF Value™ of ¥4.58.
GuruFocus considers CITIC Niya Wine Co to be Modestly Undervalued.
Key valuation signals for SHSE:600084:
Altman Z-Score: 11.89 (31% below median its 10-year median of 17.17)
GF Value™: ¥4.58 vs. price of ¥4.04 (11.8% below fair value)
Industry Position: 332.4% above the Beverages - Alcoholic median (#15 of 208)
No single metric tells the full story. See the SHSE:600084 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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