Zeng Hsing Industrial Co (TPE:1558) Altman Z-Score: 2.17 (As of Jul. 03, 2026) — 45% Below Median


TPE:1558 Zeng Hsing Industrial Co Ltd TPE:1558
82 GF Score
Price NT$91.90
GF Value NT$107.87
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Zeng Hsing Industrial Co Altman Z-Score?

Zeng Hsing Industrial Co TPE:1558 +1.21% 82 Altman Z-Score is 2.17 as of Jul. 03, 2026, which is 45% below its 10-year median of 3.93. GuruFocus rates TPE:1558 with a GF Score™ of 82/100 and a GF Value™ of NT$107.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Zeng Hsing Industrial Co ranks worse than 65.26% 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 2.15 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.

Zeng Hsing Industrial Co has a Altman Z-Score of 2.17, indicating it is in Grey Zones. This implies that Zeng Hsing Industrial Co 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 Zeng Hsing Industrial Co's Altman Z-Score or its related term are showing as below:

TPE:1558' s Altman Z-Score Range Over the Past 10 Years
Min: 2.15   Med: 3.93   Max: 6.08
Current: 2.15

During the past 13 years, Zeng Hsing Industrial Co's highest Altman Z-Score was 6.08. The lowest was 2.15. And the median was 3.93.


Zeng Hsing Industrial Co  (TPE:1558) 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.


Zeng Hsing Industrial Co Altman Z-Score Related Terms


Zeng Hsing Industrial Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Zeng Hsing Industrial Co'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.

Zeng Hsing Industrial Co Altman Z-Score Chart

Zeng Hsing Industrial Co 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 3.86 2.37 2.72 2.60 2.27

Zeng Hsing Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.60 2.47 2.22 2.19 2.27

TPE:1558 vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Zeng Hsing Industrial 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.


Zeng Hsing Industrial Co Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zeng Hsing Industrial Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Zeng Hsing Industrial Co's Altman Z-Score falls into.


TPE:1558
82GF Score
Zeng Hsing Industrial Co Ltd TPE:1558
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zeng Hsing Industrial 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.

Zeng Hsing Industrial Co'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*0.2308+1.4*0.1715+3.3*0.0694+0.6*1.3345+1.0*0.6234
=2.17

* 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 Dec. 2025:
Total Assets was NT$12,999 Mil.
Total Current Assets was NT$6,335 Mil.
Total Current Liabilities was NT$3,335 Mil.
Retained Earnings was NT$2,229 Mil.
Pre-Tax Income was 200.533 + 298.951 + 156.381 + 207.665 = NT$864 Mil.
Interest Expense was -11.521 + -9.948 + -8.003 + -8.506 = NT$-38 Mil.
Revenue was 1631.149 + 2248.509 + 2180 + 2044.322 = NT$8,104 Mil.
Market Cap (Today) was NT$5,931 Mil.
Total Liabilities was NT$4,444 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
=(6334.973 - 3335.058)/12998.638
=0.2308

X2=Retained Earnings/Total Assets
=2229.064/12998.638
=0.1715

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(863.53 - -37.978)/12998.638
=0.0694

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5930.824/4444.113
=1.3345

X5=Revenue/Total Assets
=8103.98/12998.638
=0.6234

The zones of discrimination were as such:

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

Zeng Hsing Industrial Co has a Altman Z-Score of 2.17 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 2.17 mean?
Zeng Hsing Industrial Co (TPE:1558) has a Altman Z-Score of 2.17 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Zeng Hsing Industrial Co and its competitors. This is 45% below median its historical median of 3.93. Over the past decade, Zeng Hsing Industrial Co's Altman Z-Score has ranged from 2.15 to 6.08. According to the industry distribution chart, Zeng Hsing Industrial Co ranks #278 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 65.3%.
Is Zeng Hsing Industrial Co's Altman Z-Score too high?
Zeng Hsing Industrial Co's current Altman Z-Score of 2.17 is 45% below median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 6.08. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. Zeng Hsing Industrial Co's value of 2.17 is 21.8% below this industry median. Based on the distribution chart, Zeng Hsing Industrial Co ranks #278 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Zeng Hsing Industrial Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zeng Hsing Industrial Co's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Zeng Hsing Industrial Co ranks #278 out of 426 companies for Altman Z-Score. This places Zeng Hsing Industrial Co in the lower half of its industry. The industry median Altman Z-Score is 2.78. Zeng Hsing Industrial Co's value of 2.17 is 21.8% below this benchmark. Historically, Zeng Hsing Industrial Co's own Altman Z-Score has ranged from 2.15 to 6.08 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 2.78, Zeng Hsing Industrial Co 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.78, based on 426 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. Zeng Hsing Industrial Co's current Altman Z-Score of 2.17 is 21.8% 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 Zeng Hsing Industrial Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zeng Hsing Industrial Co's current Altman Z-Score is 2.17, which is 45% below median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zeng Hsing Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Zeng Hsing Industrial Co (TPE:1558) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$107.87, compared to a current price of NT$91.90 — trading 14.8% below its estimated fair value. The current Altman Z-Score is 2.17, which is 45% below median its 10-year median of 3.93 and 21.8% below the Furnishings, Fixtures & Appliances industry median of 2.78. Zeng Hsing Industrial Co's overall GF Score™ is 82/100 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 Zeng Hsing Industrial Co (TPE:1558), the current Altman Z-Score is 2.17 as of Jul. 03, 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 Zeng Hsing Industrial Co (TPE:1558) Overvalued in 2026?

Based on GuruFocus' analysis, Zeng Hsing Industrial Co stock appears to be undervalued. The current stock price of NT$91.90 is trading 14.8% below its estimated GF Value™ of NT$107.87. GuruFocus considers Zeng Hsing Industrial Co to be Modestly Undervalued.

Key valuation signals for TPE:1558:

  • Altman Z-Score: 2.17 (45% below median its 10-year median of 3.93)
  • GF Value™: NT$107.87 vs. price of NT$91.90 (14.8% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 21.8% below the Furnishings, Fixtures & Appliances median (#278 of 426)

No single metric tells the full story. See the TPE:1558 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zeng Hsing Industrial Co Business Description

Address No. 78, Yongcheng Road, Taiping District, Taichung, TWN
Zeng Hsing Industrial Co Ltd is a Taiwan-based company that designs and manufactures household sewing machines, household cleaners, and related components. The company operates as an original design manufacturer, which means it supplies its products to brand owners. Geographically, the company has operates China, which derives key revenue; Germany; USA; Turkey; Taiwan; Russia; India; and Other Countries. The company has two reportable segments as follows: Sewing machine division produces computerized and electronic sewing machines. Precision metal parts processing division manufacture precision parts for automotive and industrial applications.
82GF Score

Get the complete analysis for TPE:1558

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

NT$91.90
Price
NT$107.87
GF Value