Kheen BhdXKLS:6203 -4.55%45 Altman Z-Score is 14.57 as of Jul. 02, 2026. GuruFocus rates XKLS:6203 with a GF Score™ of 45/100 and a GF Value™ of RM0.11 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,929 Consumer Packaged Goods companies, Kheen Bhd ranks better than 95.54% 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 14.57 is strong.
Kheen Bhd has a Altman Z-Score of 14.57, 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 Kheen Bhd's Altman Z-Score or its related term are showing as below:
XKLS:6203'
s Altman Z-Score Range Over the Past 10 Years
Min: -7.33 Med: -1.18 Max: 16.22
Current: 14.57
During the past 13 years, Kheen Bhd's highest Altman Z-Score was 16.22. The lowest was -7.33. And the median was -1.18.
Kheen Bhd (XKLS:6203) 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.
Kheen Bhd Altman Z-Score Related Terms
Kheen Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Kheen 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.
XKLS:6203 vs MDLZ, HSY, TR: Altman Z-Score Comparison
For the Confectioners subindustry, Kheen 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.
Kheen Bhd Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Kheen Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kheen 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.
Kheen 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
*
0.4602
+
1.4
*
0
+
3.3
*
0.5572
+
0.6
*
19.2827
+
1.0
*
0.6081
=
14.57
* 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.
Kheen Bhd (XKLS:6203) has a Altman Z-Score of 14.57 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kheen Bhd and its competitors. According to the industry distribution chart, Kheen Bhd ranks #86 out of 1929 companies in the Consumer Packaged Goods industry, placing it in the top 4.5%.
Is Kheen Bhd's Altman Z-Score too high?
Kheen Bhd's current Altman Z-Score is 14.57. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Kheen Bhd's value of 14.57 is 414.8% above this industry median. Based on the distribution chart, Kheen Bhd ranks #86 out of 1929 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Kheen Bhd has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kheen Bhd's Altman Z-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Kheen Bhd ranks #86 out of 1929 companies for Altman Z-Score. This places Kheen Bhd in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. Kheen Bhd's value of 14.57 is 414.8% above this benchmark. 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 1,929 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. Kheen Bhd's current Altman Z-Score of 14.57 is 414.8% 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 Kheen 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. Kheen Bhd's current Altman Z-Score is 14.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kheen Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kheen Bhd (XKLS:6203) is currently considered Fairly Valued. The stock's GF Value™ is RM0.11, compared to a current price of RM0.11 — trading 4.5% below its estimated fair value. The current Altman Z-Score is 14.57 and 414.8% above the Consumer Packaged Goods industry median of 2.83. Kheen Bhd's overall GF Score™ is 45/100 with 2 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 Kheen Bhd (XKLS:6203), the current Altman Z-Score is 14.57 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 Kheen Bhd (XKLS:6203) Overvalued in 2026?
Based on GuruFocus' analysis, Kheen Bhd stock appears to be undervalued.
The current stock price of RM0.11 is trading 4.5% below its estimated GF Value™ of RM0.11.
GuruFocus considers Kheen Bhd to be Fairly Valued.
Key valuation signals for XKLS:6203:
Altman Z-Score: 14.57
GF Value™: RM0.11 vs. price of RM0.11 (4.5% below fair value)
Industry Position: 414.8% above the Consumer Packaged Goods median (#86 of 1929)
No single metric tells the full story. See the XKLS:6203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khee San Bhd is a Malaysia-based company. Along with its subsidiaries, its principal business is the manufacturing of candies and wafer confectionery. The company operates in two segments, Investment Holding and Manufacturing and Trading. A majority of its revenue is generated from the Manufacturing and trading segment, which includes the manufacturing and trading of food and all related products. Its products include candies, chewy, tablets, hard, bubble gum, chewing gum, deposited, and wafers. The products offered by the company are marketed under the brands of Fruitplus, Torrone, Victory, Bento, and others. The group derives maximum revenue from Malaysia and also exports its products to other geographical regions, such as Africa, Europe, and the Rest of Asia.
45GF Score
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