DHG Pharmaceutical JSC (STC:DHG) Altman Z-Score: 12.08 (As of Jun. 28, 2026) — 33% Above Median


STC:DHG DHG Pharmaceutical JSC STC:DHG
78 GF Score
Price ₫93,800.00
GF Value ₫113,390.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is DHG Pharmaceutical JSC Altman Z-Score?

DHG Pharmaceutical JSC STC:DHG -0.11% 78 Altman Z-Score is 12.08 as of Jun. 28, 2026, which is 33% above its 10-year median of 9.09. GuruFocus rates STC:DHG with a GF Score™ of 78/100 and a GF Value™ of ₫113,390.11 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 949 Drug Manufacturers companies, DHG Pharmaceutical JSC ranks better than 89.25% 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 12.08 is strong.

DHG Pharmaceutical JSC has a Altman Z-Score of 12.08, 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 DHG Pharmaceutical JSC's Altman Z-Score or its related term are showing as below:

STC:DHG' s Altman Z-Score Range Over the Past 10 Years
Min: 6.35   Med: 9.09   Max: 13.26
Current: 12.08

During the past 13 years, DHG Pharmaceutical JSC's highest Altman Z-Score was 13.26. The lowest was 6.35. And the median was 9.09.


DHG Pharmaceutical JSC  (STC:DHG) 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.


DHG Pharmaceutical JSC Altman Z-Score Related Terms


DHG Pharmaceutical JSC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for DHG Pharmaceutical 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.

DHG Pharmaceutical JSC Altman Z-Score Chart

DHG Pharmaceutical 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 13.26 10.28 8.88 6.35 10.50

DHG Pharmaceutical 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 7.81 6.93 7.45 10.50 12.78

STC:DHG vs ZTS: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, DHG Pharmaceutical 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.


DHG Pharmaceutical JSC Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, DHG Pharmaceutical JSC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where DHG Pharmaceutical JSC's Altman Z-Score falls into.


STC:DHG
78GF Score
DHG Pharmaceutical JSC STC:DHG
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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DHG Pharmaceutical 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.

DHG Pharmaceutical 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*0.6215+1.4*0.3375+3.3*0.2103+0.6*15.2768+1.0*1.0047
=12.08

* 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 ₫5,245,728 Mil.
Total Current Assets was ₫3,991,624 Mil.
Total Current Liabilities was ₫731,251 Mil.
Retained Earnings was ₫1,770,580 Mil.
Pre-Tax Income was 347269.18 + 219868.297 + 235021.515 + 272363.297 = ₫1,074,522 Mil.
Interest Expense was -9068.086 + -2998.84 + -9939.352 + -6498.003 = ₫-28,504 Mil.
Revenue was 1198100.183 + 1742471.806 + 1145709.088 + 1184237.014 = ₫5,270,518 Mil.
Market Cap (Today) was ₫12,263,981 Mil.
Total Liabilities was ₫802,786 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
=(3991624.373 - 731251.114)/5245728.16
=0.6215

X2=Retained Earnings/Total Assets
=1770580.141/5245728.16
=0.3375

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1074522.289 - -28504.281)/5245728.16
=0.2103

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=12263981.460/802785.703
=15.2768

X5=Revenue/Total Assets
=5270518.091/5245728.16
=1.0047

The zones of discrimination were as such:

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

DHG Pharmaceutical JSC has a Altman Z-Score of 12.08 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 12.08 mean?
DHG Pharmaceutical JSC (STC:DHG) has a Altman Z-Score of 12.08 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on DHG Pharmaceutical JSC and its competitors. This is 33% above median its historical median of 9.09. Over the past decade, DHG Pharmaceutical JSC's Altman Z-Score has ranged from 6.35 to 13.26. According to the industry distribution chart, DHG Pharmaceutical JSC ranks #102 out of 949 companies in the Drug Manufacturers industry, placing it in the top 10.7%.
Is DHG Pharmaceutical JSC's Altman Z-Score too high?
DHG Pharmaceutical JSC's current Altman Z-Score of 12.08 is 33% above median its 10-year median of 9.09. Over the past 10 years, this metric has ranged from a low of 6.35 to a high of 13.26. The Drug Manufacturers industry median Altman Z-Score is 3.20. DHG Pharmaceutical JSC's value of 12.08 is 277.5% above this industry median. Based on the distribution chart, DHG Pharmaceutical JSC ranks #102 out of 949 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, DHG Pharmaceutical JSC has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DHG Pharmaceutical JSC's Altman Z-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, DHG Pharmaceutical JSC ranks #102 out of 949 companies for Altman Z-Score. This places DHG Pharmaceutical JSC in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.20. DHG Pharmaceutical JSC's value of 12.08 is 277.5% above this benchmark. Historically, DHG Pharmaceutical JSC's own Altman Z-Score has ranged from 6.35 to 13.26 over the past decade. While the company's 10-year median is 9.09 vs. the industry median of 3.20, DHG Pharmaceutical 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.20, based on 949 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. DHG Pharmaceutical JSC's current Altman Z-Score of 12.08 is 277.5% 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 DHG Pharmaceutical JSC and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DHG Pharmaceutical JSC's current Altman Z-Score is 12.08, which is 33% above median its own 10-year median of 9.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DHG Pharmaceutical JSC stock overvalued right now?
Based on GuruFocus' analysis, DHG Pharmaceutical JSC (STC:DHG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫113,390.11, compared to a current price of ₫93,800.00 — trading 17.3% below its estimated fair value. The current Altman Z-Score is 12.08, which is 33% above median its 10-year median of 9.09 and 277.5% above the Drug Manufacturers industry median of 3.20. DHG Pharmaceutical JSC's overall GF Score™ is 78/100 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 DHG Pharmaceutical JSC (STC:DHG), the current Altman Z-Score is 12.08 as of Jun. 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 DHG Pharmaceutical JSC (STC:DHG) Overvalued in 2026?

Based on GuruFocus' analysis, DHG Pharmaceutical JSC stock appears to be undervalued. The current stock price of ₫93,800.00 is trading 17.3% below its estimated GF Value™ of ₫113,390.11. GuruFocus considers DHG Pharmaceutical JSC to be Modestly Undervalued.

Key valuation signals for STC:DHG:

  • Altman Z-Score: 12.08 (33% above median its 10-year median of 9.09)
  • GF Value™: ₫113,390.11 vs. price of ₫93,800.00 (17.3% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 277.5% above the Drug Manufacturers median (#102 of 949)

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


DHG Pharmaceutical JSC Business Description

Address 288 Bis Nguyen Van Cu, An Hoa Ward, Ninh Kieu District, Can Tho, VNM
DHG Pharmaceutical JSC produces and trades in pharmaceutical products. It provides various pharmaceutical products in the areas of antibiotics, antifungals, and antiparasitics; analgesics and antipyretics; ear-nose-throat, cough, and asthma; ophthalmic and nervous system; muscular and osteoarticular; digestive; hepatic; cardiovascular and diabetic; vitamins and minerals; and dermal and beauty care.
78GF Score

Get the complete analysis for STC:DHG

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

₫93,800.00
Price
₫113,390.11
GF Value