Dutch Lady Milk Industries Bhd (XKLS:3026) Altman Z-Score: 5.73 (As of Jul. 02, 2026) — 25% Below Median


XKLS:3026 Dutch Lady Milk Industries Bhd XKLS:3026
85 GF Score
Price RM33.00
GF Value RM30.99
Valuation Fairly Valued
! 6 Warning Signs
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What is Dutch Lady Milk Industries Bhd Altman Z-Score?

Dutch Lady Milk Industries Bhd XKLS:3026 85 Altman Z-Score is 5.73 as of Jul. 02, 2026, which is 25% below its 10-year median of 7.69. GuruFocus rates XKLS:3026 with a GF Score™ of 85/100 and a GF Value™ of RM30.99 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Dutch Lady Milk Industries Bhd ranks better than 79.93% 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 5.69 is strong.

Dutch Lady Milk Industries Bhd has a Altman Z-Score of 5.73, 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 Dutch Lady Milk Industries Bhd's Altman Z-Score or its related term are showing as below:

XKLS:3026' s Altman Z-Score Range Over the Past 10 Years
Min: 4.01   Med: 7.69   Max: 14.36
Current: 5.69

During the past 13 years, Dutch Lady Milk Industries Bhd's highest Altman Z-Score was 14.36. The lowest was 4.01. And the median was 7.69.


Dutch Lady Milk Industries Bhd  (XKLS:3026) 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.


Dutch Lady Milk Industries Bhd Altman Z-Score Related Terms


Dutch Lady Milk Industries Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dutch Lady Milk Industries 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.

Dutch Lady Milk Industries Bhd Altman Z-Score Chart

Dutch Lady Milk Industries Bhd 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 7.95 5.03 4.04 4.26 4.77

Dutch Lady Milk Industries Bhd 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 4.20 4.49 4.59 4.77 5.61

XKLS:3026 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Dutch Lady Milk Industries 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.


Dutch Lady Milk Industries Bhd Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dutch Lady Milk Industries Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Dutch Lady Milk Industries Bhd's Altman Z-Score falls into.


XKLS:3026
85GF Score
Dutch Lady Milk Industries Bhd XKLS:3026
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dutch Lady Milk Industries 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.

Dutch Lady Milk Industries 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*0.0305+1.4*0.5227+3.3*0.1577+0.6*4.9303+1.0*1.4782
=5.73

* 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 RM1,032 Mil.
Total Current Assets was RM380 Mil.
Total Current Liabilities was RM348 Mil.
Retained Earnings was RM539 Mil.
Pre-Tax Income was 40.688 + 44.307 + 37.453 + 31.976 = RM154 Mil.
Interest Expense was -1.72 + -2.449 + -1.987 + -2.05 = RM-8 Mil.
Revenue was 397.836 + 376.839 + 374.515 + 375.606 = RM1,525 Mil.
Market Cap (Today) was RM2,112 Mil.
Total Liabilities was RM428 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
=(379.912 - 348.481)/1031.503
=0.0305

X2=Retained Earnings/Total Assets
=539.13/1031.503
=0.5227

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(154.424 - -8.206)/1031.503
=0.1577

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2112.000/428.373
=4.9303

X5=Revenue/Total Assets
=1524.796/1031.503
=1.4782

The zones of discrimination were as such:

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

Dutch Lady Milk Industries Bhd has a Altman Z-Score of 5.73 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 5.73 mean?
Dutch Lady Milk Industries Bhd (XKLS:3026) has a Altman Z-Score of 5.73 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dutch Lady Milk Industries Bhd and its competitors. This is 25% below median its historical median of 7.69. Over the past decade, Dutch Lady Milk Industries Bhd's Altman Z-Score has ranged from 4.01 to 14.36. According to the industry distribution chart, Dutch Lady Milk Industries Bhd ranks #387 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 20.1%.
Is Dutch Lady Milk Industries Bhd's Altman Z-Score too high?
Dutch Lady Milk Industries Bhd's current Altman Z-Score of 5.73 is 25% below median its 10-year median of 7.69. Over the past 10 years, this metric has ranged from a low of 4.01 to a high of 14.36. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Dutch Lady Milk Industries Bhd's value of 5.73 is 102.5% above this industry median. Based on the distribution chart, Dutch Lady Milk Industries Bhd ranks #387 out of 1928 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Dutch Lady Milk Industries Bhd has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dutch Lady Milk Industries Bhd's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Dutch Lady Milk Industries Bhd ranks #387 out of 1928 companies for Altman Z-Score. This places Dutch Lady Milk Industries Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. Dutch Lady Milk Industries Bhd's value of 5.73 is 102.5% above this benchmark. Historically, Dutch Lady Milk Industries Bhd's own Altman Z-Score has ranged from 4.01 to 14.36 over the past decade. While the company's 10-year median is 7.69 vs. the industry median of 2.83, Dutch Lady Milk Industries 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,928 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. Dutch Lady Milk Industries Bhd's current Altman Z-Score of 5.73 is 102.5% 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 Dutch Lady Milk Industries Bhd and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dutch Lady Milk Industries Bhd's current Altman Z-Score is 5.73, which is 25% below median its own 10-year median of 7.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dutch Lady Milk Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Dutch Lady Milk Industries Bhd (XKLS:3026) is currently considered Fairly Valued. The stock's GF Value™ is RM30.99, compared to a current price of RM33.00 — trading 6.5% above its estimated fair value. The current Altman Z-Score is 5.73, which is 25% below median its 10-year median of 7.69 and 102.5% above the Consumer Packaged Goods industry median of 2.83. Dutch Lady Milk Industries Bhd's overall GF Score™ is 85/100 with 6 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 Dutch Lady Milk Industries Bhd (XKLS:3026), the current Altman Z-Score is 5.73 as of Jul. 02, 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 Dutch Lady Milk Industries Bhd (XKLS:3026) Overvalued in 2026?

Based on GuruFocus' analysis, Dutch Lady Milk Industries Bhd stock appears to be overvalued. The current stock price of RM33.00 is trading 6.5% above its estimated GF Value™ of RM30.99. GuruFocus considers Dutch Lady Milk Industries Bhd to be Fairly Valued.

Key valuation signals for XKLS:3026:

  • Altman Z-Score: 5.73 (25% below median its 10-year median of 7.69)
  • GF Value™: RM30.99 vs. price of RM33.00 (6.5% above fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 102.5% above the Consumer Packaged Goods median (#387 of 1928)

No single metric tells the full story. See the XKLS:3026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dutch Lady Milk Industries Bhd Business Description

Address 112, Jalan Prof. Khoo Kay Kim, Level 5, Quill 9, Petaling Jaya, SGR, MYS, 46300
Dutch Lady Milk Industries Bhd is a Malaysia-based company that manufactures and distributes a wide range of dairy products, such as specialized powders for infants and growing-up children, liquid milk in different packaging formats, and yogurts. The Company markets these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac, Friso Gold, and Dutch Lady PureFarm.
85GF Score

Get the complete analysis for XKLS:3026

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

RM33.00
Price
RM30.99
GF Value