D&O Green Technologies Bhd (XKLS:7204) Altman Z-Score: 0.23 (As of Jun. 26, 2026) — 94% Below Median


XKLS:7204 D&O Green Technologies Bhd XKLS:7204
60 GF Score
Price RM0.33
GF Value RM1.83
Valuation Possible Value Trap
! 6 Warning Signs
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What is D&O Green Technologies Bhd Altman Z-Score?

D&O Green Technologies Bhd XKLS:7204 +1.54% 60 Altman Z-Score is 0.23 as of Jun. 26, 2026, which is 94% below its 10-year median of 3.89. GuruFocus rates XKLS:7204 with a GF Score™ of 60/100 and a GF Value™ of RM1.83 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,015 Semiconductors companies, D&O Green Technologies Bhd ranks worse than 92.22% 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 0.23 is in distress zone. This implies bankruptcy possibility in the next two years.

D&O Green Technologies Bhd has a Altman Z-Score of 0.23, 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 D&O Green Technologies Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7204' s Altman Z-Score Range Over the Past 10 Years
Min: 0.23   Med: 3.89   Max: 12.52
Current: 0.23

During the past 13 years, D&O Green Technologies Bhd's highest Altman Z-Score was 12.52. The lowest was 0.23. And the median was 3.89.


D&O Green Technologies Bhd  (XKLS:7204) 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.


D&O Green Technologies Bhd Altman Z-Score Related Terms


D&O Green Technologies Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for D&O Green Technologies 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.

D&O Green Technologies Bhd Altman Z-Score Chart

D&O Green Technologies 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 10.01 5.58 4.35 2.96 0.90

D&O Green Technologies 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 2.44 2.16 1.58 0.90 0.35

XKLS:7204 vs LRCX, AMAT, KLAC: Altman Z-Score Comparison

For the Semiconductor Equipment & Materials subindustry, D&O Green Technologies 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.


D&O Green Technologies Bhd Altman Z-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, D&O Green Technologies Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where D&O Green Technologies Bhd's Altman Z-Score falls into.


XKLS:7204
60GF Score
D&O Green Technologies Bhd XKLS:7204
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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D&O Green Technologies 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.

D&O Green Technologies 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*0.1122+1.4*-0.1132+3.3*-0.2499+0.6*0.5907+1.0*0.7287
=0.23

* 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 RM1,337.2 Mil.
Total Current Assets was RM729.6 Mil.
Total Current Liabilities was RM579.6 Mil.
Retained Earnings was RM-151.3 Mil.
Pre-Tax Income was -64.757 + -40.755 + -247.568 + 0.784 = RM-352.3 Mil.
Interest Expense was -4.149 + -4.136 + -4.697 + -5.09 = RM-18.1 Mil.
Revenue was 225.525 + 248.108 + 256.52 + 244.252 = RM974.4 Mil.
Market Cap (Today) was RM409.0 Mil.
Total Liabilities was RM692.5 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
=(729.632 - 579.602)/1337.184
=0.1122

X2=Retained Earnings/Total Assets
=-151.347/1337.184
=-0.1132

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-352.296 - -18.072)/1337.184
=-0.2499

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=409.030/692.45
=0.5907

X5=Revenue/Total Assets
=974.405/1337.184
=0.7287

The zones of discrimination were as such:

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

D&O Green Technologies Bhd has a Altman Z-Score of 0.23 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 0.23 mean?
D&O Green Technologies Bhd (XKLS:7204) has a Altman Z-Score of 0.23 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on D&O Green Technologies Bhd and its competitors. This is 94% below median its historical median of 3.89. Over the past decade, D&O Green Technologies Bhd's Altman Z-Score has ranged from 0.23 to 12.52. According to the industry distribution chart, D&O Green Technologies Bhd ranks #936 out of 1015 companies in the Semiconductors industry, placing it in the top 92.2%.
Is D&O Green Technologies Bhd's Altman Z-Score too high?
D&O Green Technologies Bhd's current Altman Z-Score of 0.23 is 94% below median its 10-year median of 3.89. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 12.52. The Semiconductors industry median Altman Z-Score is 5.54. D&O Green Technologies Bhd's value of 0.23 is 95.8% below this industry median. Based on the distribution chart, D&O Green Technologies Bhd ranks #936 out of 1015 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, D&O Green Technologies Bhd has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does D&O Green Technologies Bhd's Altman Z-Score compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, D&O Green Technologies Bhd ranks #936 out of 1015 companies for Altman Z-Score. This places D&O Green Technologies Bhd in the lower half of its industry. The industry median Altman Z-Score is 5.54. D&O Green Technologies Bhd's value of 0.23 is 95.8% below this benchmark. Historically, D&O Green Technologies Bhd's own Altman Z-Score has ranged from 0.23 to 12.52 over the past decade. While the company's 10-year median is 3.89 vs. the industry median of 5.54, D&O Green Technologies 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.54, based on 1,015 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. D&O Green Technologies Bhd's current Altman Z-Score of 0.23 is 95.8% 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 D&O Green Technologies Bhd and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D&O Green Technologies Bhd's current Altman Z-Score is 0.23, which is 94% below median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D&O Green Technologies Bhd stock overvalued right now?
Based on GuruFocus' analysis, D&O Green Technologies Bhd (XKLS:7204) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.83, compared to a current price of RM0.33 — trading 82% below its estimated fair value. The current Altman Z-Score is 0.23, which is 94% below median its 10-year median of 3.89 and 95.8% below the Semiconductors industry median of 5.54. D&O Green Technologies Bhd's overall GF Score™ is 60/100 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 D&O Green Technologies Bhd (XKLS:7204), the current Altman Z-Score is 0.23 as of Jun. 26, 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 D&O Green Technologies Bhd (XKLS:7204) Overvalued in 2026?

Based on GuruFocus' analysis, D&O Green Technologies Bhd stock appears to be undervalued. The current stock price of RM0.33 is trading 82% below its estimated GF Value™ of RM1.83. GuruFocus considers D&O Green Technologies Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7204:

  • Altman Z-Score: 0.23 (94% below median its 10-year median of 3.89)
  • GF Value™: RM1.83 vs. price of RM0.33 (82% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 95.8% below the Semiconductors median (#936 of 1015)

No single metric tells the full story. See the XKLS:7204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


D&O Green Technologies Bhd Business Description

Address Free Trade Zone, Phase III, Lot 6, Batu Berendam, Melaka, MLA, MYS, 75350
D&O Green Technologies Bhd, along with its subsidiaries, is involved in the manufacturing and merchandising of semiconductor components such as surface mount technology and light-emitting diodes for the automotive industry. It is also involved in the development of semiconductor application technology, installation, electronic components, electrical equipment for lighting, electronic display screens, and lighting fittings. The business operates in one segment, which is the Semiconductor Industry. Geographically, the company earns maximum revenue from Asia, and the rest from Europe, North America, and Other countries.
60GF Score

Get the complete analysis for XKLS:7204

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

RM0.33
Price
RM1.83
GF Value