Taseco Air Services JSC (STC:AST) Altman Z-Score: 11.69 (As of Jun. 26, 2026) — 10% Below Median


STC:AST Taseco Air Services JSC STC:AST
83 GF Score
Price ₫73,000.00
GF Value ₫94,235.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Taseco Air Services JSC Altman Z-Score?

Taseco Air Services JSC STC:AST 83 Altman Z-Score is 11.69 as of Jun. 26, 2026, which is 10% below its 10-year median of 12.94. GuruFocus rates STC:AST with a GF Score™ of 83/100 and a GF Value™ of ₫94,235.69 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,000 Transportation companies, Taseco Air Services JSC ranks better than 96.4% 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 11.69 is strong.

Taseco Air Services JSC has a Altman Z-Score of 11.69, 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 Taseco Air Services JSC's Altman Z-Score or its related term are showing as below:

STC:AST' s Altman Z-Score Range Over the Past 10 Years
Min: 9.06   Med: 12.94   Max: 22.72
Current: 11.69

During the past 6 years, Taseco Air Services JSC's highest Altman Z-Score was 22.72. The lowest was 9.06. And the median was 12.94.


Taseco Air Services JSC  (STC:AST) 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.


Taseco Air Services JSC Altman Z-Score Related Terms


Taseco Air Services JSC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Taseco Air Services JSC'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.

Taseco Air Services JSC Altman Z-Score Chart

Taseco Air Services JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 15.56 14.11 10.73 9.47 9.53

Taseco Air Services JSC 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 10.84 9.21 9.06 9.53 11.35

STC:AST vs JOBY, CAAP: Altman Z-Score Comparison

For the Airports & Air Services subindustry, Taseco Air Services JSC'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.


Taseco Air Services JSC Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Taseco Air Services JSC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Taseco Air Services JSC's Altman Z-Score falls into.


STC:AST
83GF Score
Taseco Air Services JSC STC:AST
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taseco Air Services JSC 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.

Taseco Air Services JSC'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*0.4382+1.4*0.2218+3.3*0.4191+0.6*12.8246+1.0*1.7711
=11.69

* 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 ₫1,071,698 Mil.
Total Current Assets was ₫725,770 Mil.
Total Current Liabilities was ₫256,148 Mil.
Retained Earnings was ₫237,730 Mil.
Pre-Tax Income was 153746.925 + 100951.005 + 104743.828 + 85532.971 = ₫444,975 Mil.
Interest Expense was -931.129 + -1342.026 + -1214.848 + -704.078 = ₫-4,192 Mil.
Revenue was 555973.947 + 490102.668 + 458209.036 + 393791.048 = ₫1,898,077 Mil.
Market Cap (Today) was ₫3,285,000 Mil.
Total Liabilities was ₫256,148 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
=(725769.663 - 256148.492)/1071697.945
=0.4382

X2=Retained Earnings/Total Assets
=237729.52/1071697.945
=0.2218

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(444974.729 - -4192.081)/1071697.945
=0.4191

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3285000.000/256148.492
=12.8246

X5=Revenue/Total Assets
=1898076.699/1071697.945
=1.7711

The zones of discrimination were as such:

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

Taseco Air Services JSC has a Altman Z-Score of 11.69 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 11.69 mean?
Taseco Air Services JSC (STC:AST) has a Altman Z-Score of 11.69 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Taseco Air Services JSC and its competitors. This is 10% below median its historical median of 12.94. Over the past decade, Taseco Air Services JSC's Altman Z-Score has ranged from 9.06 to 22.72. According to the industry distribution chart, Taseco Air Services JSC ranks #36 out of 1000 companies in the Transportation industry, placing it in the top 3.6%.
Is Taseco Air Services JSC's Altman Z-Score too high?
Taseco Air Services JSC's current Altman Z-Score of 11.69 is 10% below median its 10-year median of 12.94. Over the past 10 years, this metric has ranged from a low of 9.06 to a high of 22.72. The Transportation industry median Altman Z-Score is 2.28. Taseco Air Services JSC's value of 11.69 is 412.7% above this industry median. Based on the distribution chart, Taseco Air Services JSC ranks #36 out of 1000 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Taseco Air Services JSC has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taseco Air Services JSC's Altman Z-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Taseco Air Services JSC ranks #36 out of 1000 companies for Altman Z-Score. This places Taseco Air Services JSC in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.28. Taseco Air Services JSC's value of 11.69 is 412.7% above this benchmark. Historically, Taseco Air Services JSC's own Altman Z-Score has ranged from 9.06 to 22.72 over the past decade. While the company's 10-year median is 12.94 vs. the industry median of 2.28, Taseco Air Services JSC 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 2.28, based on 1,000 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. Taseco Air Services JSC's current Altman Z-Score of 11.69 is 412.7% 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 Taseco Air Services JSC and its competitors. For the Transportation industry, the median Altman Z-Score is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taseco Air Services JSC's current Altman Z-Score is 11.69, which is 10% below median its own 10-year median of 12.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taseco Air Services JSC stock overvalued right now?
Based on GuruFocus' analysis, Taseco Air Services JSC (STC:AST) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫94,235.69, compared to a current price of ₫73,000.00 — trading 22.5% below its estimated fair value. The current Altman Z-Score is 11.69, which is 10% below median its 10-year median of 12.94 and 412.7% above the Transportation industry median of 2.28. Taseco Air Services JSC's overall GF Score™ is 83/100 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 Taseco Air Services JSC (STC:AST), the current Altman Z-Score is 11.69 as of Jun. 26, 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 Taseco Air Services JSC (STC:AST) Overvalued in 2026?

Based on GuruFocus' analysis, Taseco Air Services JSC stock appears to be undervalued. The current stock price of ₫73,000.00 is trading 22.5% below its estimated GF Value™ of ₫94,235.69. GuruFocus considers Taseco Air Services JSC to be Modestly Undervalued.

Key valuation signals for STC:AST:

  • Altman Z-Score: 11.69 (10% below median its 10-year median of 12.94)
  • GF Value™: ₫94,235.69 vs. price of ₫73,000.00 (22.5% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 412.7% above the Transportation median (#36 of 1000)

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


Taseco Air Services JSC Business Description

Address Foreign Affairs Zone, Xuan Tao Street, 1st Floor, N02-T1 Building, Xuan Tao Ward, Bac Tu Liem District, Hanoi, VNM
Taseco Air Services JSC provides express delivery services by air. The company also provides restaurants and mobile catering services operate retail stores in general merchandise and provides short stay accommodation services.
83GF Score

Get the complete analysis for STC:AST

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

₫73,000.00
Price
₫94,235.69
GF Value