Xiamen International Airport Co (SHSE:600897) Altman Z-Score: 6.48 (As of Jul. 08, 2026) — 11% Above Median


SHSE:600897 Xiamen International Airport Co Ltd SHSE:600897
85 GF Score
Price ¥14.66
GF Value ¥16.28
Valuation Modestly Undervalued
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What is Xiamen International Airport Co Altman Z-Score?

Xiamen International Airport Co SHSE:600897 -0.07% 85 Altman Z-Score is 6.48 as of Jul. 08, 2026, which is 11% above its 10-year median of 5.83. GuruFocus rates SHSE:600897 with a GF Score™ of 85/100 and a GF Value™ of ¥16.28 (Modestly Undervalued). Among 996 Transportation companies, Xiamen International Airport Co ranks better than 91.06% 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 6.54 is strong.

Xiamen International Airport Co has a Altman Z-Score of 6.48, 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 Xiamen International Airport Co's Altman Z-Score or its related term are showing as below:

SHSE:600897' s Altman Z-Score Range Over the Past 10 Years
Min: 4.72   Med: 5.83   Max: 8.66
Current: 6.54

During the past 13 years, Xiamen International Airport Co's highest Altman Z-Score was 8.66. The lowest was 4.72. And the median was 5.83.


Xiamen International Airport Co  (SHSE:600897) 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.


Xiamen International Airport Co Altman Z-Score Related Terms


Xiamen International Airport Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Xiamen International Airport 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.

Xiamen International Airport Co Altman Z-Score Chart

Xiamen International Airport Co 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 5.04 4.72 4.86 5.76 6.49

Xiamen International Airport Co 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 5.77 5.15 5.50 6.49 6.96

SHSE:600897 vs JOBY, CAAP: Altman Z-Score Comparison

For the Airports & Air Services subindustry, Xiamen International Airport 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.


Xiamen International Airport Co Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Xiamen International Airport Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Xiamen International Airport Co's Altman Z-Score falls into.


SHSE:600897
85GF Score
Xiamen International Airport Co Ltd SHSE:600897
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Xiamen International Airport 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.

Xiamen International Airport 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*0.4844+1.4*0.6353+3.3*0.1208+0.6*7.1103+1.0*0.3398
=6.48

* 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 ¥6,109 Mil.
Total Current Assets was ¥3,791 Mil.
Total Current Liabilities was ¥832 Mil.
Retained Earnings was ¥3,881 Mil.
Pre-Tax Income was 160.861 + 197.236 + 188.335 + 188.404 = ¥735 Mil.
Interest Expense was -0.646 + -0.349 + -0.969 + -1.13 = ¥-3 Mil.
Revenue was 492.709 + 547.703 + 532.394 + 502.861 = ¥2,076 Mil.
Market Cap (Today) was ¥6,112 Mil.
Total Liabilities was ¥860 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
=(3790.625 - 831.644)/6109.155
=0.4844

X2=Retained Earnings/Total Assets
=3881.013/6109.155
=0.6353

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(734.836 - -3.094)/6109.155
=0.1208

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=6112.252/859.637
=7.1103

X5=Revenue/Total Assets
=2075.667/6109.155
=0.3398

The zones of discrimination were as such:

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

Xiamen International Airport Co has a Altman Z-Score of 6.48 indicating it is in Safe 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 6.48 mean?
Xiamen International Airport Co (SHSE:600897) has a Altman Z-Score of 6.48 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Xiamen International Airport Co and its competitors. This is 11% above median its historical median of 5.83. Over the past decade, Xiamen International Airport Co's Altman Z-Score has ranged from 4.72 to 8.66. According to the industry distribution chart, Xiamen International Airport Co ranks #89 out of 996 companies in the Transportation industry, placing it in the top 8.9%.
Is Xiamen International Airport Co's Altman Z-Score too high?
Xiamen International Airport Co's current Altman Z-Score of 6.48 is 11% above median its 10-year median of 5.83. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 8.66. The Transportation industry median Altman Z-Score is 2.26. Xiamen International Airport Co's value of 6.48 is 186.7% above this industry median. Based on the distribution chart, Xiamen International Airport Co ranks #89 out of 996 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Xiamen International Airport Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Xiamen International Airport Co's Altman Z-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Xiamen International Airport Co ranks #89 out of 996 companies for Altman Z-Score. This places Xiamen International Airport Co in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. Xiamen International Airport Co's value of 6.48 is 186.7% above this benchmark. Historically, Xiamen International Airport Co's own Altman Z-Score has ranged from 4.72 to 8.66 over the past decade. While the company's 10-year median is 5.83 vs. the industry median of 2.26, Xiamen International Airport 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 996 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. Xiamen International Airport Co's current Altman Z-Score of 6.48 is 186.7% 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 Xiamen International Airport Co and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xiamen International Airport Co's current Altman Z-Score is 6.48, which is 11% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen International Airport Co stock overvalued right now?
Based on GuruFocus' analysis, Xiamen International Airport Co (SHSE:600897) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥16.28, compared to a current price of ¥14.66 — trading 10% below its estimated fair value. The current Altman Z-Score is 6.48, which is 11% above median its 10-year median of 5.83 and 186.7% above the Transportation industry median of 2.26. Xiamen International Airport Co's overall GF Score™ is 85/100. 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 Xiamen International Airport Co (SHSE:600897), the current Altman Z-Score is 6.48 as of Jul. 08, 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 Xiamen International Airport Co (SHSE:600897) Overvalued in 2026?

Based on GuruFocus' analysis, Xiamen International Airport Co stock appears to be undervalued. The current stock price of ¥14.66 is trading 10% below its estimated GF Value™ of ¥16.28. GuruFocus considers Xiamen International Airport Co to be Modestly Undervalued.

Key valuation signals for SHSE:600897:

  • Altman Z-Score: 6.48 (11% above median its 10-year median of 5.83)
  • GF Value™: ¥16.28 vs. price of ¥14.66 (10% below fair value)
  • GF Score™: 85/100
  • Industry Position: 186.7% above the Transportation median (#89 of 996)

No single metric tells the full story. See the SHSE:600897 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xiamen International Airport Co Business Description

Address Xiamen Gaoqi International Airport, Fujian Province, Xiamen, CHN, 361006
Xiamen International Airport Co Ltd is principally engaged in ground services of civil and international flights and passengers. The company is also involved in commercial property leasing services, advertising, cargo station and mechanical services.
85GF Score

Get the complete analysis for SHSE:600897

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥14.66
Price
¥16.28
GF Value