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Ningbo Shimao Energy CoSHSE:605028 -0.63%69 Altman Z-Score is 20.21 as of Aug. 01, 2026, which is 65% above its 10-year median of 12.27. GuruFocus rates SHSE:605028 with a GF Score™ of 69/100 and a GF Value™ of ¥14.83 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 416 Utilities - Independent Power Producers companies, Ningbo Shimao Energy Co ranks better than 97.84% 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 20.42 is strong.
Ningbo Shimao Energy Co has a Altman Z-Score of 20.21, 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 Ningbo Shimao Energy Co's Altman Z-Score or its related term are showing as below:
SHSE:605028'
s Altman Z-Score Range Over the Past 10 Years
Min: 9.36 Med: 12.27 Max: 25.59
Current: 20.42
During the past 10 years, Ningbo Shimao Energy Co's highest Altman Z-Score was 25.59. The lowest was 9.36. And the median was 12.27.
Ningbo Shimao Energy Co (SHSE:605028) 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.
Ningbo Shimao Energy Co Altman Z-Score Competitor Comparison
For the Utilities - Renewable subindustry, Ningbo Shimao Energy 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.
Ningbo Shimao Energy Co Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ningbo Shimao Energy Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ningbo Shimao Energy Co's Altman Z-Score falls into.
Ningbo Shimao Energy 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.
Ningbo Shimao Energy Co (SHSE:605028) has a Altman Z-Score of 20.21 as of Aug. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ningbo Shimao Energy Co and its competitors. This is 65% above median its historical median of 12.27. Over the past decade, Ningbo Shimao Energy Co's Altman Z-Score has ranged from 9.36 to 25.59. According to the industry distribution chart, Ningbo Shimao Energy Co ranks #9 out of 416 companies in the Utilities - Independent Power Producers industry, placing it in the top 2.2%.
Is Ningbo Shimao Energy Co's Altman Z-Score too high?
Ningbo Shimao Energy Co's current Altman Z-Score of 20.21 is 65% above median its 10-year median of 12.27. Over the past 10 years, this metric has ranged from a low of 9.36 to a high of 25.59. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. Ningbo Shimao Energy Co's value of 20.21 is 1556.6% above this industry median. Based on the distribution chart, Ningbo Shimao Energy Co ranks #9 out of 416 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Shimao Energy Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shimao Energy Co's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ningbo Shimao Energy Co ranks #9 out of 416 companies for Altman Z-Score. This places Ningbo Shimao Energy Co in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.22. Ningbo Shimao Energy Co's value of 20.21 is 1556.6% above this benchmark. Historically, Ningbo Shimao Energy Co's own Altman Z-Score has ranged from 9.36 to 25.59 over the past decade. While the company's 10-year median is 12.27 vs. the industry median of 1.22, Ningbo Shimao Energy 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.22, based on 416 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. Ningbo Shimao Energy Co's current Altman Z-Score of 20.21 is 1556.6% 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 Ningbo Shimao Energy Co and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Shimao Energy Co's current Altman Z-Score is 20.21, which is 65% above median its own 10-year median of 12.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shimao Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Shimao Energy Co (SHSE:605028) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥14.83, compared to a current price of ¥26.90 — trading 81.4% above its estimated fair value. The current Altman Z-Score is 20.21, which is 65% above median its 10-year median of 12.27 and 1556.6% above the Utilities - Independent Power Producers industry median of 1.22. Ningbo Shimao Energy Co's overall GF Score™ is 69/100 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 Ningbo Shimao Energy Co (SHSE:605028), the current Altman Z-Score is 20.21 as of Aug. 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 Ningbo Shimao Energy Co (SHSE:605028) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Shimao Energy Co stock appears to be overvalued.
The current stock price of ¥26.90 is trading 81.4% above its estimated GF Value™ of ¥14.83.
GuruFocus considers Ningbo Shimao Energy Co to be Significantly Overvalued.
Key valuation signals for SHSE:605028:
Altman Z-Score: 20.21 (65% above median its 10-year median of 12.27)
GF Value™: ¥14.83 vs. price of ¥26.90 (81.4% above fair value)
Industry Position: 1556.6% above the Utilities - Independent Power Producers median (#9 of 416)
No single metric tells the full story. See the SHSE:605028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Shimao Energy Co Ltd is a cogeneration company with domestic waste and coal as the main raw materials. It provides central heating for the Sino-Italian Ningbo Ecological Park and the surrounding electroplating and food parks for the only regional cogeneration company in the area.
69GF Score
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