Wellspire Holdings Bhd (XKLS:0271) Altman Z-Score: 15.92 (As of Jun. 29, 2026) — 26% Below Median


XKLS:0271 Wellspire Holdings Bhd XKLS:0271
60 GF Score
Price RM0.59
GF Value RM0.83
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Wellspire Holdings Bhd Altman Z-Score?

Wellspire Holdings Bhd XKLS:0271 60 Altman Z-Score is 15.92 as of Jun. 29, 2026, which is 26% below its 10-year median of 21.55. GuruFocus rates XKLS:0271 with a GF Score™ of 60/100 and a GF Value™ of RM0.83 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 305 Retail - Defensive companies, Wellspire Holdings Bhd ranks better than 94.75% 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 15.92 is strong.

Wellspire Holdings Bhd has a Altman Z-Score of 15.92, 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 Wellspire Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:0271' s Altman Z-Score Range Over the Past 10 Years
Min: 14.04   Med: 21.55   Max: 41.61
Current: 15.92

During the past 7 years, Wellspire Holdings Bhd's highest Altman Z-Score was 41.61. The lowest was 14.04. And the median was 21.55.


Wellspire Holdings Bhd  (XKLS:0271) 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.


Wellspire Holdings Bhd Altman Z-Score Related Terms


Wellspire Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Wellspire Holdings Bhd'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.

Wellspire Holdings Bhd Altman Z-Score Chart

Wellspire Holdings Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 30.33 14.04 17.23

Wellspire Holdings Bhd Quarterly Data
Dec19 Dec20 Dec21 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 18.86 19.05 21.55 17.23 17.32

XKLS:0271 vs SYY, USFD, PFGC: Altman Z-Score Comparison

For the Food Distribution subindustry, Wellspire Holdings Bhd'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.


Wellspire Holdings Bhd Altman Z-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Wellspire Holdings Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:0271
60GF Score
Wellspire Holdings Bhd XKLS:0271
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Wellspire Holdings Bhd 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.

Wellspire Holdings Bhd'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*0.8283+1.4*0.2711+3.3*0.0957+0.6*21.0401+1.0*1.6083
=15.92

* 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 RM96.2 Mil.
Total Current Assets was RM90.0 Mil.
Total Current Liabilities was RM10.3 Mil.
Retained Earnings was RM26.1 Mil.
Pre-Tax Income was 1.63 + 1.389 + 1.187 + 4.671 = RM8.9 Mil.
Interest Expense was -0.083 + -0.074 + -0.088 + -0.082 = RM-0.3 Mil.
Revenue was 36.483 + 41.694 + 36.969 + 39.579 = RM154.7 Mil.
Market Cap (Today) was RM416.6 Mil.
Total Liabilities was RM19.8 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
=(89.976 - 10.293)/96.205
=0.8283

X2=Retained Earnings/Total Assets
=26.081/96.205
=0.2711

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(8.877 - -0.327)/96.205
=0.0957

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=416.593/19.8
=21.0401

X5=Revenue/Total Assets
=154.725/96.205
=1.6083

The zones of discrimination were as such:

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

Wellspire Holdings Bhd has a Altman Z-Score of 15.92 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 15.92 mean?
Wellspire Holdings Bhd (XKLS:0271) has a Altman Z-Score of 15.92 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wellspire Holdings Bhd and its competitors. This is 26% below median its historical median of 21.55. Over the past decade, Wellspire Holdings Bhd's Altman Z-Score has ranged from 14.04 to 41.61. According to the industry distribution chart, Wellspire Holdings Bhd ranks #16 out of 305 companies in the Retail - Defensive industry, placing it in the top 5.2%.
Is Wellspire Holdings Bhd's Altman Z-Score too high?
Wellspire Holdings Bhd's current Altman Z-Score of 15.92 is 26% below median its 10-year median of 21.55. Over the past 10 years, this metric has ranged from a low of 14.04 to a high of 41.61. The Retail - Defensive industry median Altman Z-Score is 3.54. Wellspire Holdings Bhd's value of 15.92 is 349.7% above this industry median. Based on the distribution chart, Wellspire Holdings Bhd ranks #16 out of 305 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Wellspire Holdings Bhd has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wellspire Holdings Bhd's Altman Z-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Wellspire Holdings Bhd ranks #16 out of 305 companies for Altman Z-Score. This places Wellspire Holdings Bhd in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.54. Wellspire Holdings Bhd's value of 15.92 is 349.7% above this benchmark. Historically, Wellspire Holdings Bhd's own Altman Z-Score has ranged from 14.04 to 41.61 over the past decade. While the company's 10-year median is 21.55 vs. the industry median of 3.54, Wellspire Holdings Bhd 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 Retail - Defensive company?
The median Altman Z-Score among Retail - Defensive companies is 3.54, based on 305 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. Wellspire Holdings Bhd's current Altman Z-Score of 15.92 is 349.7% 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 Wellspire Holdings Bhd and its competitors. For the Retail - Defensive industry, the median Altman Z-Score is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wellspire Holdings Bhd's current Altman Z-Score is 15.92, which is 26% below median its own 10-year median of 21.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wellspire Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Wellspire Holdings Bhd (XKLS:0271) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.83, compared to a current price of RM0.59 — trading 29.5% below its estimated fair value. The current Altman Z-Score is 15.92, which is 26% below median its 10-year median of 21.55 and 349.7% above the Retail - Defensive industry median of 3.54. Wellspire Holdings Bhd's overall GF Score™ is 60/100 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 Wellspire Holdings Bhd (XKLS:0271), the current Altman Z-Score is 15.92 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 Wellspire Holdings Bhd (XKLS:0271) Overvalued in 2026?

Based on GuruFocus' analysis, Wellspire Holdings Bhd stock appears to be undervalued. The current stock price of RM0.59 is trading 29.5% below its estimated GF Value™ of RM0.83. GuruFocus considers Wellspire Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0271:

  • Altman Z-Score: 15.92 (26% below median its 10-year median of 21.55)
  • GF Value™: RM0.83 vs. price of RM0.59 (29.5% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 349.7% above the Retail - Defensive median (#16 of 305)

No single metric tells the full story. See the XKLS:0271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wellspire Holdings Bhd Business Description

Address 11, Jalan Pinang, Lot D/E, Level 12, Tower 1, Etiqa Twins, Wilayah Persekutuan, Kuala Lumpur, MYS, 50450
Wellspire Holdings Bhd is engaged in the distribution and online retailing of consumer packaged foods. The company's distributed product range includes Sunflower seeds, Other seeds and nuts, and Baked and confectionery products. The group's snack foods are sourced locally from Thailand and imported from China also, the company has privately-owned distribution center is located in the province of Pathum Thani, Thailand. There are two buildings with a combined built-up area, which consist of dry storage facilities & chiller room to store products. Alongside, distribution centre has a professional logistics team to serve the Group's customers throughout Thailand's Central, Northeast, Northern, and Southern regions.
60GF Score

Get the complete analysis for XKLS:0271

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

RM0.59
Price
RM0.83
GF Value