Shin Yang Group BhdXKLS:5173 69 Altman Z-Score is 3.38 as of Jul. 06, 2026, which is 196% above its 10-year median of 1.14. GuruFocus rates XKLS:5173 with a GF Score™ of 69/100 and a GF Value™ of RM1.43 (Significantly Undervalued). Among 997 Transportation companies, Shin Yang Group Bhd ranks better than 71.41% 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 3.38 is strong.
Shin Yang Group Bhd has a Altman Z-Score of 3.38, 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 Shin Yang Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:5173'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.32 Med: 1.14 Max: 3.78
Current: 3.38
During the past 13 years, Shin Yang Group Bhd's highest Altman Z-Score was 3.78. The lowest was 0.32. And the median was 1.14.
Shin Yang Group Bhd (XKLS:5173) 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.
Altman Z-Score does not apply to financial companies.
Shin Yang Group Bhd Altman Z-Score Related Terms
Shin Yang Group Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Shin Yang Group 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.
Shin Yang Group Bhd Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, Shin Yang Group 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.
Shin Yang Group Bhd Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Shin Yang Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shin Yang Group Bhd's Altman Z-Score falls into.
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.
Shin Yang Group 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
*
0.3112
+
1.4
*
0.2851
+
3.3
*
0.1108
+
0.6
*
2.0077
+
1.0
*
1.0354
=
3.38
* 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.
Shin Yang Group Bhd (XKLS:5173) has a Altman Z-Score of 3.38 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shin Yang Group Bhd and its competitors. This is 196% above median its historical median of 1.14. Over the past decade, Shin Yang Group Bhd's Altman Z-Score has ranged from 0.32 to 3.78. According to the industry distribution chart, Shin Yang Group Bhd ranks #285 out of 997 companies in the Transportation industry, placing it in the top 28.6%.
Is Shin Yang Group Bhd's Altman Z-Score too high?
Shin Yang Group Bhd's current Altman Z-Score of 3.38 is 196% above median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 3.78. The Transportation industry median Altman Z-Score is 2.26. Shin Yang Group Bhd's value of 3.38 is 49.6% above this industry median. Based on the distribution chart, Shin Yang Group Bhd ranks #285 out of 997 companies in the Transportation industry, which is above the industry midpoint. Overall, Shin Yang Group Bhd has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Yang Group Bhd's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, Shin Yang Group Bhd ranks #285 out of 997 companies for Altman Z-Score. This puts Shin Yang Group Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.26. Shin Yang Group Bhd's value of 3.38 is 49.6% above this benchmark. Historically, Shin Yang Group Bhd's own Altman Z-Score has ranged from 0.32 to 3.78 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 2.26, Shin Yang Group 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 997 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. Shin Yang Group Bhd's current Altman Z-Score of 3.38 is 49.6% 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 Shin Yang Group Bhd and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Yang Group Bhd's current Altman Z-Score is 3.38, which is 196% above median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Yang Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Shin Yang Group Bhd (XKLS:5173) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.43, compared to a current price of RM0.77 — trading 46.5% below its estimated fair value. The current Altman Z-Score is 3.38, which is 196% above median its 10-year median of 1.14 and 49.6% above the Transportation industry median of 2.26. Shin Yang Group Bhd's overall GF Score™ is 69/100. 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 Shin Yang Group Bhd (XKLS:5173), the current Altman Z-Score is 3.38 as of Jul. 06, 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 Shin Yang Group Bhd (XKLS:5173) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Yang Group Bhd stock appears to be undervalued.
The current stock price of RM0.77 is trading 46.5% below its estimated GF Value™ of RM1.43.
GuruFocus considers Shin Yang Group Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:5173:
Altman Z-Score: 3.38 (196% above median its 10-year median of 1.14)
GF Value™: RM1.43 vs. price of RM0.77 (46.5% below fair value)
Industry Position: 49.6% above the Transportation median (#285 of 997)
No single metric tells the full story. See the XKLS:5173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Yang Group Bhd core business operations span shipping, shipbuilding, and ship repair. Its shipping division is diversified across multiple segments, including dry bulk, liquid bulk, containerised cargo, coastal shipping, barge and tug operations, as well as regional logistics with door-to-door solutions. Its segments are: Shipbuilding, ship repair and fabrication of metal structures; Shipping, which carries out shipping business in coastal and regional routes within Malaysia and ASEAN region and international routes; Land transportation and hiring services; Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance, and trading in welding equipment and machinery; Automotive dealership, which generates maximum revenue; and Others.
69GF Score
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