ShunSin Technology Holdings (TPE:6451) Altman Z-Score: 4.11 (As of Jul. 01, 2026) — 89% Above Median


TPE:6451 ShunSin Technology Holdings Ltd TPE:6451
61 GF Score
Price NT$568.00
GF Value NT$208.96
Valuation Significantly Overvalued
! 9 Warning Signs
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What is ShunSin Technology Holdings Altman Z-Score?

ShunSin Technology Holdings TPE:6451 +0.89% 61 Altman Z-Score is 4.11 as of Jul. 01, 2026, which is 89% above its 10-year median of 2.18. GuruFocus rates TPE:6451 with a GF Score™ of 61/100 and a GF Value™ of NT$208.96 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,014 Semiconductors companies, ShunSin Technology Holdings ranks worse than 56.21% 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 4.28 is strong.

ShunSin Technology Holdings has a Altman Z-Score of 4.11, 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 ShunSin Technology Holdings's Altman Z-Score or its related term are showing as below:

TPE:6451' s Altman Z-Score Range Over the Past 10 Years
Min: 1.32   Med: 2.18   Max: 4.75
Current: 4.28

During the past 13 years, ShunSin Technology Holdings's highest Altman Z-Score was 4.75. The lowest was 1.32. And the median was 2.18.


ShunSin Technology Holdings  (TPE:6451) 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.


ShunSin Technology Holdings Altman Z-Score Related Terms


ShunSin Technology Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for ShunSin Technology Holdings'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.

ShunSin Technology Holdings Altman Z-Score Chart

ShunSin Technology Holdings 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 1.73 1.32 2.11 2.50 1.88

ShunSin Technology Holdings 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 2.50 1.66 1.57 1.71 1.88

TPE:6451 vs NVDA, AVGO, MU: Altman Z-Score Comparison

For the Semiconductors subindustry, ShunSin Technology Holdings'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.


ShunSin Technology Holdings Altman Z-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ShunSin Technology Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where ShunSin Technology Holdings's Altman Z-Score falls into.


TPE:6451
61GF Score
ShunSin Technology Holdings Ltd TPE:6451
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ShunSin Technology Holdings 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.

ShunSin Technology Holdings'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*0.2735+1.4*0.106+3.3*0.0267+0.6*5.2581+1.0*0.3935
=4.11

* 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$19,142 Mil.
Total Current Assets was NT$11,836 Mil.
Total Current Liabilities was NT$6,602 Mil.
Retained Earnings was NT$2,029 Mil.
Pre-Tax Income was 285.73 + 188.48 + -151.44 + -72.721 = NT$250 Mil.
Interest Expense was -74.736 + -67.762 + -66.082 + -51.518 = NT$-260 Mil.
Revenue was 2069.525 + 1697.442 + 1788.13 + 1976.833 = NT$7,532 Mil.
Market Cap (Today) was NT$60,307 Mil.
Total Liabilities was NT$11,469 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
=(11836.254 - 6601.665)/19142.413
=0.2735

X2=Retained Earnings/Total Assets
=2029.081/19142.413
=0.106

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(250.049 - -260.098)/19142.413
=0.0267

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=60306.718/11469.309
=5.2581

X5=Revenue/Total Assets
=7531.93/19142.413
=0.3935

The zones of discrimination were as such:

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

ShunSin Technology Holdings has a Altman Z-Score of 4.11 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 4.11 mean?
ShunSin Technology Holdings (TPE:6451) has a Altman Z-Score of 4.11 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ShunSin Technology Holdings and its competitors. This is 89% above median its historical median of 2.18. Over the past decade, ShunSin Technology Holdings' Altman Z-Score has ranged from 1.32 to 4.75. According to the industry distribution chart, ShunSin Technology Holdings ranks #570 out of 1014 companies in the Semiconductors industry, placing it in the top 56.2%.
Is ShunSin Technology Holdings' Altman Z-Score too high?
ShunSin Technology Holdings' current Altman Z-Score of 4.11 is 89% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 4.75. The Semiconductors industry median Altman Z-Score is 5.29. ShunSin Technology Holdings' value of 4.11 is 22.3% below this industry median. Based on the distribution chart, ShunSin Technology Holdings ranks #570 out of 1014 companies in the Semiconductors industry, which is below the industry midpoint. Overall, ShunSin Technology Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShunSin Technology Holdings' Altman Z-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, ShunSin Technology Holdings ranks #570 out of 1014 companies for Altman Z-Score. This places ShunSin Technology Holdings in the lower half of its industry. The industry median Altman Z-Score is 5.29. ShunSin Technology Holdings' value of 4.11 is 22.3% below this benchmark. Historically, ShunSin Technology Holdings' own Altman Z-Score has ranged from 1.32 to 4.75 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 5.29, ShunSin Technology Holdings 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.29, based on 1,014 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. ShunSin Technology Holdings's current Altman Z-Score of 4.11 is 22.3% 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 ShunSin Technology Holdings and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ShunSin Technology Holdings's current Altman Z-Score is 4.11, which is 89% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShunSin Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, ShunSin Technology Holdings (TPE:6451) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$208.96, compared to a current price of NT$568.00 — trading 171.8% above its estimated fair value. The current Altman Z-Score is 4.11, which is 89% above median its 10-year median of 2.18 and 22.3% below the Semiconductors industry median of 5.29. ShunSin Technology Holdings' overall GF Score™ is 61/100 with 9 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 ShunSin Technology Holdings (TPE:6451), the current Altman Z-Score is 4.11 as of Jul. 01, 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 ShunSin Technology Holdings (TPE:6451) Overvalued in 2026?

Based on GuruFocus' analysis, ShunSin Technology Holdings stock appears to be overvalued. The current stock price of NT$568.00 is trading 171.8% above its estimated GF Value™ of NT$208.96. GuruFocus considers ShunSin Technology Holdings to be Significantly Overvalued.

Key valuation signals for TPE:6451:

  • Altman Z-Score: 4.11 (89% above median its 10-year median of 2.18)
  • GF Value™: NT$208.96 vs. price of NT$568.00 (171.8% above fair value)
  • GF Score™: 61/100 with 9 warning signs
  • Industry Position: 22.3% below the Semiconductors median (#570 of 1014)

No single metric tells the full story. See the TPE:6451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ShunSin Technology Holdings Business Description

Address No. 495, Guangfu South Road, 11th Floor-5, Xinyi District, Taipei, TWN, 110
ShunSin Technology Holdings Ltd is a technology company engaged in the assembly, testing, and sale of various semiconductor-related integrated circuits. It assembles, tests, and sells various integrated circuits related to semiconductors. Its product portfolio consists of power amplifiers, wifi modules, thick-film hybrid integrated circuits, and MEMS module & Sensor. Geographically, it derives a majority of its revenue from the United States and also has a presence in Singapore, Taiwan, Mainland China, Korea, and other countries.
61GF Score

Get the complete analysis for TPE:6451

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

NT$568.00
Price
NT$208.96
GF Value