Sin Heng Chan (Malaysia) Bhd (XKLS:4316) Altman Z-Score: 0.64 (As of Jul. 03, 2026) — Near Median


XKLS:4316 Sin Heng Chan (Malaysia) Bhd XKLS:4316
16 GF Score
Price RM0.21
GF Value RM0.28
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Sin Heng Chan (Malaysia) Bhd Altman Z-Score?

Sin Heng Chan (Malaysia) Bhd XKLS:4316 16 Altman Z-Score is 0.64 as of Jul. 03, 2026, which is 3% above its 10-year median of 0.62. GuruFocus rates XKLS:4316 with a GF Score™ of 16/100 and a GF Value™ of RM0.28 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Sin Heng Chan (Malaysia) Bhd ranks worse than 88.17% 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 0.65 is in distress zone. This implies bankruptcy possibility in the next two years.

Sin Heng Chan (Malaysia) Bhd has a Altman Z-Score of 0.64, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Sin Heng Chan (Malaysia) Bhd's Altman Z-Score or its related term are showing as below:

XKLS:4316' s Altman Z-Score Range Over the Past 10 Years
Min: -0.14   Med: 0.62   Max: 1.36
Current: 0.65

During the past 13 years, Sin Heng Chan (Malaysia) Bhd's highest Altman Z-Score was 1.36. The lowest was -0.14. And the median was 0.62.


Sin Heng Chan (Malaysia) Bhd  (XKLS:4316) 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.


Sin Heng Chan (Malaysia) Bhd Altman Z-Score Related Terms


Sin Heng Chan (Malaysia) Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sin Heng Chan (Malaysia) 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.

Sin Heng Chan (Malaysia) Bhd Altman Z-Score Chart

Sin Heng Chan (Malaysia) 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 1.29 0.87 0.77 0.72 0.69

Sin Heng Chan (Malaysia) 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 0.67 0.63 0.64 0.69 0.67

XKLS:4316 vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Sin Heng Chan (Malaysia) 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.


Sin Heng Chan (Malaysia) Bhd Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sin Heng Chan (Malaysia) Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Sin Heng Chan (Malaysia) Bhd's Altman Z-Score falls into.


XKLS:4316
16GF Score
Sin Heng Chan (Malaysia) Bhd XKLS:4316
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sin Heng Chan (Malaysia) 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.

Sin Heng Chan (Malaysia) 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*-0.0001+1.4*0.13+3.3*0.0325+0.6*0.4229+1.0*0.1018
=0.64

* 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 RM498.77 Mil.
Total Current Assets was RM53.04 Mil.
Total Current Liabilities was RM53.11 Mil.
Retained Earnings was RM64.84 Mil.
Pre-Tax Income was 0.252 + 1.887 + 3.016 + 1.74 = RM6.90 Mil.
Interest Expense was -2.242 + -2.369 + -2.333 + -2.355 = RM-9.30 Mil.
Revenue was 11.448 + 12.541 + 14.592 + 12.195 = RM50.78 Mil.
Market Cap (Today) was RM87.82 Mil.
Total Liabilities was RM207.65 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
=(53.04 - 53.107)/498.765
=-0.0001

X2=Retained Earnings/Total Assets
=64.843/498.765
=0.13

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6.895 - -9.299)/498.765
=0.0325

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=87.817/207.654
=0.4229

X5=Revenue/Total Assets
=50.776/498.765
=0.1018

The zones of discrimination were as such:

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

Sin Heng Chan (Malaysia) Bhd has a Altman Z-Score of 0.64 indicating it is in Distress 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 0.64 mean?
Sin Heng Chan (Malaysia) Bhd (XKLS:4316) has a Altman Z-Score of 0.64 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sin Heng Chan (Malaysia) Bhd and its competitors. This is near median its historical median of 0.62. According to the industry distribution chart, Sin Heng Chan (Malaysia) Bhd ranks #1700 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 88.2%.
Is Sin Heng Chan (Malaysia) Bhd's Altman Z-Score too high?
Sin Heng Chan (Malaysia) Bhd's current Altman Z-Score of 0.64 is near median its 10-year median of 0.62. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Sin Heng Chan (Malaysia) Bhd's value of 0.64 is 77.4% below this industry median. Based on the distribution chart, Sin Heng Chan (Malaysia) Bhd ranks #1700 out of 1928 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Sin Heng Chan (Malaysia) Bhd has a GF Score™ of 16/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sin Heng Chan (Malaysia) Bhd's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Sin Heng Chan (Malaysia) Bhd ranks #1700 out of 1928 companies for Altman Z-Score. This places Sin Heng Chan (Malaysia) Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.83. Sin Heng Chan (Malaysia) Bhd's value of 0.64 is 77.4% below this benchmark. While the company's 10-year median is 0.62 vs. the industry median of 2.83, Sin Heng Chan (Malaysia) Bhd 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 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. Sin Heng Chan (Malaysia) Bhd's current Altman Z-Score of 0.64 is 77.4% 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 Sin Heng Chan (Malaysia) 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. Sin Heng Chan (Malaysia) Bhd's current Altman Z-Score is 0.64, which is near median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sin Heng Chan (Malaysia) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sin Heng Chan (Malaysia) Bhd (XKLS:4316) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.21 — trading 25% below its estimated fair value. The current Altman Z-Score is 0.64, which is near median its 10-year median of 0.62 and 77.4% below the Consumer Packaged Goods industry median of 2.83. Sin Heng Chan (Malaysia) Bhd's overall GF Score™ is 16/100 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 Sin Heng Chan (Malaysia) Bhd (XKLS:4316), the current Altman Z-Score is 0.64 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 Sin Heng Chan (Malaysia) Bhd (XKLS:4316) Overvalued in 2026?

Based on GuruFocus' analysis, Sin Heng Chan (Malaysia) Bhd stock appears to be undervalued. The current stock price of RM0.21 is trading 25% below its estimated GF Value™ of RM0.28. GuruFocus considers Sin Heng Chan (Malaysia) Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4316:

  • Altman Z-Score: 0.64 (near median its 10-year median of 0.62)
  • GF Value™: RM0.28 vs. price of RM0.21 (25% below fair value)
  • GF Score™: 16/100 with 5 warning signs
  • Industry Position: 77.4% below the Consumer Packaged Goods median (#1700 of 1928)

No single metric tells the full story. See the XKLS:4316 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sin Heng Chan (Malaysia) Bhd Business Description

Address No. 2, Lorong Dungun Kiri, Level 3, Wisma E&C, Damansara Heights, Kuala Lumpur, MYS, 50490
Sin Heng Chan (Malaysia) Bhd operates in the upstream segment of the palm oil industry in Malaysia, with principal activities including oil palm cultivation and sale of Fresh Fruit Bunches (FFB) to external third-party Crude Palm Oil (CPO) mills. It also engages in energy and facility management including the provision of energy and facility management services, engineering, procurement and construction of district cooling systems, and the supply of cooling energy from district cooling systems and related activities. Its segments include Plantations, Energy and facilities management, Investment holding, Wholesale and distribution, and Others with majority of revenue deriving from Plantation segment. Geographically it operates only in Malaysia.
16GF Score

Get the complete analysis for XKLS:4316

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

RM0.21
Price
RM0.28
GF Value