The Southern Rubber Industry JSC (STC:CSM) Altman Z-Score: 1.91 (As of Jul. 28, 2026) — Near Median

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STC:CSM The Southern Rubber Industry JSC STC:CSM
61 GF Score
Price ₫14,300.00
GF Value ₫12,340.85
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is The Southern Rubber Industry JSC Altman Z-Score?

The Southern Rubber Industry JSC STC:CSM 61 Altman Z-Score is 1.91 as of Jul. 28, 2026, which is 8% above its 10-year median of 1.77. GuruFocus rates STC:CSM with a GF Score™ of 61/100 and a GF Value™ of ₫12,340.85 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,313 Vehicles & Parts companies, The Southern Rubber Industry JSC ranks worse than 66.64% 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 1.91 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

The Southern Rubber Industry JSC has a Altman Z-Score of 1.91, indicating it is in Grey Zones. This implies that The Southern Rubber Industry JSC is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 The Southern Rubber Industry JSC's Altman Z-Score or its related term are showing as below:

STC:CSM' s Altman Z-Score Range Over the Past 10 Years
Min: 1.33   Med: 1.77   Max: 2.45
Current: 1.91

During the past 13 years, The Southern Rubber Industry JSC's highest Altman Z-Score was 2.45. The lowest was 1.33. And the median was 1.77.


The Southern Rubber Industry JSC  (STC:CSM) 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.


The Southern Rubber Industry JSC Altman Z-Score Related Terms


The Southern Rubber Industry JSC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for The Southern Rubber Industry 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.

The Southern Rubber Industry JSC Altman Z-Score Chart

The Southern Rubber Industry JSC 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 1.76 1.85 1.99 1.99 1.73

The Southern Rubber Industry JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.13 1.87 1.73 1.84 1.87

STC:CSM vs ORLY, AZO, GPC: Altman Z-Score Comparison

For the Auto Parts subindustry, The Southern Rubber Industry 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.


The Southern Rubber Industry JSC Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Southern Rubber Industry JSC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where The Southern Rubber Industry JSC's Altman Z-Score falls into.


STC:CSM
61GF Score
The Southern Rubber Industry JSC STC:CSM
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Southern Rubber Industry 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.

The Southern Rubber Industry 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*0.1818+1.4*0.0312+3.3*0.0464+0.6*0.6299+1.0*1.12
=1.91

* 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 Jun. 2026:
Total Assets was ₫3,760,968 Mil.
Total Current Assets was ₫2,906,683 Mil.
Total Current Liabilities was ₫2,222,991 Mil.
Retained Earnings was ₫117,303 Mil.
Pre-Tax Income was 27666.751 + 32526.71 + -12728.484 + 30035.492 = ₫77,500 Mil.
Interest Expense was -34390.028 + -24282.794 + -19559.228 + -18750.681 = ₫-96,983 Mil.
Revenue was 1148202.585 + 1105281.531 + 931223.03 + 1027735.841 = ₫4,212,443 Mil.
Market Cap (Today) was ₫1,481,841 Mil.
Total Liabilities was ₫2,352,539 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
=(2906682.68 - 2222990.804)/3760967.715
=0.1818

X2=Retained Earnings/Total Assets
=117303.441/3760967.715
=0.0312

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(77500.469 - -96982.731)/3760967.715
=0.0464

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1481841.247/2352538.962
=0.6299

X5=Revenue/Total Assets
=4212442.987/3760967.715
=1.12

The zones of discrimination were as such:

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

The Southern Rubber Industry JSC has a Altman Z-Score of 1.91 indicating it is in Grey 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 1.91 mean?
The Southern Rubber Industry JSC (STC:CSM) has a Altman Z-Score of 1.91 as of Jul. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on The Southern Rubber Industry JSC and its competitors. This is near median its historical median of 1.77. Over the past decade, The Southern Rubber Industry JSC's Altman Z-Score has ranged from 1.33 to 2.45. According to the industry distribution chart, The Southern Rubber Industry JSC ranks #875 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 66.6%.
Is The Southern Rubber Industry JSC's Altman Z-Score too high?
The Southern Rubber Industry JSC's current Altman Z-Score of 1.91 is near median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 2.45. The Vehicles & Parts industry median Altman Z-Score is 2.52. The Southern Rubber Industry JSC's value of 1.91 is 24.2% below this industry median. Based on the distribution chart, The Southern Rubber Industry JSC ranks #875 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, The Southern Rubber Industry JSC has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Southern Rubber Industry JSC's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, The Southern Rubber Industry JSC ranks #875 out of 1313 companies for Altman Z-Score. This places The Southern Rubber Industry JSC in the lower half of its industry. The industry median Altman Z-Score is 2.52. The Southern Rubber Industry JSC's value of 1.91 is 24.2% below this benchmark. Historically, The Southern Rubber Industry JSC's own Altman Z-Score has ranged from 1.33 to 2.45 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 2.52, The Southern Rubber Industry JSC 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.52, based on 1,313 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. The Southern Rubber Industry JSC's current Altman Z-Score of 1.91 is 24.2% 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 The Southern Rubber Industry JSC and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Southern Rubber Industry JSC's current Altman Z-Score is 1.91, which is near median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Southern Rubber Industry JSC stock overvalued right now?
Based on GuruFocus' analysis, The Southern Rubber Industry JSC (STC:CSM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫12,340.85, compared to a current price of ₫14,300.00 — trading 15.9% above its estimated fair value. The current Altman Z-Score is 1.91, which is near median its 10-year median of 1.77 and 24.2% below the Vehicles & Parts industry median of 2.52. The Southern Rubber Industry JSC's overall GF Score™ is 61/100 with 5 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 The Southern Rubber Industry JSC (STC:CSM), the current Altman Z-Score is 1.91 as of Jul. 28, 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 The Southern Rubber Industry JSC (STC:CSM) Overvalued in 2026?

Based on GuruFocus' analysis, The Southern Rubber Industry JSC stock appears to be overvalued. The current stock price of ₫14,300.00 is trading 15.9% above its estimated GF Value™ of ₫12,340.85. GuruFocus considers The Southern Rubber Industry JSC to be Modestly Overvalued.

Key valuation signals for STC:CSM:

  • Altman Z-Score: 1.91 (near median its 10-year median of 1.77)
  • GF Value™: ₫12,340.85 vs. price of ₫14,300.00 (15.9% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 24.2% below the Vehicles & Parts median (#875 of 1313)

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


The Southern Rubber Industry JSC Business Description

Address 180 Nguyen Thi Minh Khai, Ward 6, District 3, Ho Chi Minh, VNM
The Southern Rubber Industry JSC is a Vietnam-based manufacturer and seller of tires and tubes. The company offers trucks and light trucks tires and tubes, motorcycle tires and tubes, passenger car radial tires, bicycle tires and tubes, industrial tires and tubes, electric vehicle tires and tubes, specific tires and tubes, and other products. The organization has a business presence in Vietnam and other countries.
61GF Score

Get the complete analysis for STC:CSM

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

₫14,300.00
Price
₫12,340.85
GF Value