Seng Fong Holdings Bhd (XKLS:5308) Altman Z-Score: 4.74 (As of Jul. 04, 2026) — 21% Below Median


XKLS:5308 Seng Fong Holdings Bhd XKLS:5308
65 GF Score
Price RM0.67
GF Value RM0.83
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Seng Fong Holdings Bhd Altman Z-Score?

Seng Fong Holdings Bhd XKLS:5308 65 Altman Z-Score is 4.74 as of Jul. 04, 2026, which is 21% below its 10-year median of 6.01. GuruFocus rates XKLS:5308 with a GF Score™ of 65/100 and a GF Value™ of RM0.83 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,567 Chemicals companies, Seng Fong Holdings Bhd ranks better than 68.47% 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 4.74 is strong.

Seng Fong Holdings Bhd has a Altman Z-Score of 4.74, 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 Seng Fong Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5308' s Altman Z-Score Range Over the Past 10 Years
Min: 4.74   Med: 6.01   Max: 11.62
Current: 4.74

During the past 7 years, Seng Fong Holdings Bhd's highest Altman Z-Score was 11.62. The lowest was 4.74. And the median was 6.01.


Seng Fong Holdings Bhd  (XKLS:5308) 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.


Seng Fong Holdings Bhd Altman Z-Score Related Terms


Seng Fong Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Seng Fong 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.

Seng Fong Holdings Bhd Altman Z-Score Chart

Seng Fong Holdings Bhd Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 5.69 7.23 7.83

Seng Fong Holdings 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 6.43 7.83 5.74 5.52 4.74

XKLS:5308 vs LIN, SHW, ECL: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, Seng Fong 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.


Seng Fong Holdings Bhd Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Seng Fong Holdings Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:5308
65GF Score
Seng Fong Holdings Bhd XKLS:5308
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seng Fong 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.

Seng Fong 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*0.3525+1.4*0.2816+3.3*0.0116+0.6*2.0953+1.0*2.6322
=4.74

* 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 RM452 Mil.
Total Current Assets was RM383 Mil.
Total Current Liabilities was RM224 Mil.
Retained Earnings was RM127 Mil.
Pre-Tax Income was -2.367 + 3.77 + -6.208 + 3.563 = RM-1 Mil.
Interest Expense was -1.566 + -2.112 + -1.248 + -1.546 = RM-6 Mil.
Revenue was 283.996 + 303.62 + 234.053 + 367.892 = RM1,190 Mil.
Market Cap (Today) was RM484 Mil.
Total Liabilities was RM231 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
=(383.044 - 223.73)/451.928
=0.3525

X2=Retained Earnings/Total Assets
=127.261/451.928
=0.2816

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.242 - -6.472)/451.928
=0.0116

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=483.508/230.753
=2.0953

X5=Revenue/Total Assets
=1189.561/451.928
=2.6322

The zones of discrimination were as such:

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

Seng Fong Holdings Bhd has a Altman Z-Score of 4.74 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 4.74 mean?
Seng Fong Holdings Bhd (XKLS:5308) has a Altman Z-Score of 4.74 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Seng Fong Holdings Bhd and its competitors. This is 21% below median its historical median of 6.01. Over the past decade, Seng Fong Holdings Bhd's Altman Z-Score has ranged from 4.74 to 11.62. According to the industry distribution chart, Seng Fong Holdings Bhd ranks #494 out of 1567 companies in the Chemicals industry, placing it in the top 31.5%.
Is Seng Fong Holdings Bhd's Altman Z-Score too high?
Seng Fong Holdings Bhd's current Altman Z-Score of 4.74 is 21% below median its 10-year median of 6.01. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 11.62. The Chemicals industry median Altman Z-Score is 3.13. Seng Fong Holdings Bhd's value of 4.74 is 51.4% above this industry median. Based on the distribution chart, Seng Fong Holdings Bhd ranks #494 out of 1567 companies in the Chemicals industry, which is above the industry midpoint. Overall, Seng Fong Holdings Bhd has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Seng Fong Holdings Bhd's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Seng Fong Holdings Bhd ranks #494 out of 1567 companies for Altman Z-Score. This puts Seng Fong Holdings Bhd in the upper half of its industry. The industry median Altman Z-Score is 3.13. Seng Fong Holdings Bhd's value of 4.74 is 51.4% above this benchmark. Historically, Seng Fong Holdings Bhd's own Altman Z-Score has ranged from 4.74 to 11.62 over the past decade. While the company's 10-year median is 6.01 vs. the industry median of 3.13, Seng Fong 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.13, based on 1,567 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. Seng Fong Holdings Bhd's current Altman Z-Score of 4.74 is 51.4% 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 Seng Fong Holdings Bhd and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seng Fong Holdings Bhd's current Altman Z-Score is 4.74, which is 21% below median its own 10-year median of 6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seng Fong Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Seng Fong Holdings Bhd (XKLS:5308) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.83, compared to a current price of RM0.67 — trading 19.3% below its estimated fair value. The current Altman Z-Score is 4.74, which is 21% below median its 10-year median of 6.01 and 51.4% above the Chemicals industry median of 3.13. Seng Fong Holdings Bhd's overall GF Score™ is 65/100 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 Seng Fong Holdings Bhd (XKLS:5308), the current Altman Z-Score is 4.74 as of Jul. 04, 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 Seng Fong Holdings Bhd (XKLS:5308) Overvalued in 2026?

Based on GuruFocus' analysis, Seng Fong Holdings Bhd stock appears to be undervalued. The current stock price of RM0.67 is trading 19.3% below its estimated GF Value™ of RM0.83. GuruFocus considers Seng Fong Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5308:

  • Altman Z-Score: 4.74 (21% below median its 10-year median of 6.01)
  • GF Value™: RM0.83 vs. price of RM0.67 (19.3% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 51.4% above the Chemicals median (#494 of 1567)

No single metric tells the full story. See the XKLS:5308 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seng Fong Holdings Bhd Business Description

Address No. 12, (Tingkat Bawah), Taman Sri Jeram, Jalan Bakri, Muar, JHR, MYS, 84000
Seng Fong Holdings Bhd is mainly engaged in investment holding and the provision of management services. It operates within a single business segment focused on the processing and sale of natural block rubber. The company sources raw materials such as cup lump mainly from domestic and international rubber traders, along with semi-processed rubber and value-added additives from international suppliers. It produces high-quality SMR Grade and Premium Grade block rubber. The company serves markets across Asia, Europe, Malaysia, and Oceania, with the majority of its revenue generated from Asia (excluding Malaysia).
65GF Score

Get the complete analysis for XKLS:5308

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

RM0.67
Price
RM0.83
GF Value