Thac BA Hydropower JSCSTC:TBC 67 Altman Z-Score is 5.21 as of Jun. 29, 2026, which is 41% below its 10-year median of 8.86. GuruFocus rates STC:TBC with a GF Score™ of 67/100 and a GF Value™ of ₫43,993.51 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 411 Utilities - Independent Power Producers companies, Thac BA Hydropower JSC ranks better than 91.24% 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 5.21 is strong.
Thac BA Hydropower JSC has a Altman Z-Score of 5.21, 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 Thac BA Hydropower JSC's Altman Z-Score or its related term are showing as below:
STC:TBC'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.11 Med: 8.86 Max: 51.75
Current: 5.21
During the past 13 years, Thac BA Hydropower JSC's highest Altman Z-Score was 51.75. The lowest was 2.11. And the median was 8.86.
Thac BA Hydropower JSC (STC:TBC) 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.
Altman Z-Score does not apply to financial companies.
Thac BA Hydropower JSC Altman Z-Score Related Terms
Thac BA Hydropower JSC Altman Z-Score Historical Data
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The historical data trend for Thac BA Hydropower 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.
STC:TBC vs CEG, VST, NRG: Altman Z-Score Comparison
For the Utilities - Independent Power Producers subindustry, Thac BA Hydropower 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.
Thac BA Hydropower JSC Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thac BA Hydropower JSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Thac BA Hydropower JSC's Altman Z-Score falls into.
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.
Thac BA Hydropower JSC (STC:TBC) has a Altman Z-Score of 5.21 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Thac BA Hydropower JSC and its competitors. This is 41% below median its historical median of 8.86. Over the past decade, Thac BA Hydropower JSC's Altman Z-Score has ranged from 2.11 to 51.75. According to the industry distribution chart, Thac BA Hydropower JSC ranks #36 out of 411 companies in the Utilities - Independent Power Producers industry, placing it in the top 8.8%.
Is Thac BA Hydropower JSC's Altman Z-Score too high?
Thac BA Hydropower JSC's current Altman Z-Score of 5.21 is 41% below median its 10-year median of 8.86. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 51.75. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. Thac BA Hydropower JSC's value of 5.21 is 323.6% above this industry median. Based on the distribution chart, Thac BA Hydropower JSC ranks #36 out of 411 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Thac BA Hydropower JSC has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thac BA Hydropower JSC's Altman Z-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Thac BA Hydropower JSC ranks #36 out of 411 companies for Altman Z-Score. This places Thac BA Hydropower JSC in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.23. Thac BA Hydropower JSC's value of 5.21 is 323.6% above this benchmark. Historically, Thac BA Hydropower JSC's own Altman Z-Score has ranged from 2.11 to 51.75 over the past decade. While the company's 10-year median is 8.86 vs. the industry median of 1.23, Thac BA Hydropower 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.23, based on 411 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. Thac BA Hydropower JSC's current Altman Z-Score of 5.21 is 323.6% 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 Thac BA Hydropower JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thac BA Hydropower JSC's current Altman Z-Score is 5.21, which is 41% below median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thac BA Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Thac BA Hydropower JSC (STC:TBC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫43,993.51, compared to a current price of ₫32,500.00 — trading 26.1% below its estimated fair value. The current Altman Z-Score is 5.21, which is 41% below median its 10-year median of 8.86 and 323.6% above the Utilities - Independent Power Producers industry median of 1.23. Thac BA Hydropower JSC's overall GF Score™ is 67/100 with 3 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 Thac BA Hydropower JSC (STC:TBC), the current Altman Z-Score is 5.21 as of Jun. 29, 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 Thac BA Hydropower JSC (STC:TBC) Overvalued in 2026?
Based on GuruFocus' analysis, Thac BA Hydropower JSC stock appears to be undervalued.
The current stock price of ₫32,500.00 is trading 26.1% below its estimated GF Value™ of ₫43,993.51.
GuruFocus considers Thac BA Hydropower JSC to be Modestly Undervalued.
Key valuation signals for STC:TBC:
Altman Z-Score: 5.21 (41% below median its 10-year median of 8.86)
GF Value™: ₫43,993.51 vs. price of ₫32,500.00 (26.1% below fair value)
Industry Position: 323.6% above the Utilities - Independent Power Producers median (#36 of 411)
No single metric tells the full story. See the STC:TBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thac BA Hydropower JSC is a Vietnam-based company involved in producing and trading electricity. It is also involved in the management, operation, repair, maintenance, overhaul, and renovation of hydraulic works, architectural works, equipment of hydropower plants, and transformer stations. The other business activities of the organization are Testing and adjusting electrical equipment; Purchase and sale, import and export of materials and equipment; Consultancy of construction investment projects, construction investment management, supervision and supervision of construction and installation of electricity projects; Investing in power and grid projects; Fostering, training on management, operation, maintenance and repair of power plant equipment; and Business travel services.
67GF Score
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