Kawan Food Bhd (XKLS:7216) Altman Z-Score: 5.05 (As of Jun. 30, 2026) — 36% Below Median


XKLS:7216 Kawan Food Bhd XKLS:7216
65 GF Score
Price RM0.81
GF Value RM1.33
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Kawan Food Bhd Altman Z-Score?

Kawan Food Bhd XKLS:7216 65 Altman Z-Score is 5.05 as of Jun. 30, 2026, which is 36% below its 10-year median of 7.95. GuruFocus rates XKLS:7216 with a GF Score™ of 65/100 and a GF Value™ of RM1.33 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Kawan Food Bhd ranks better than 76.28% 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 5.05 is strong.

Kawan Food Bhd has a Altman Z-Score of 5.05, 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 Kawan Food Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7216' s Altman Z-Score Range Over the Past 10 Years
Min: 5.05   Med: 7.95   Max: 13.98
Current: 5.05

During the past 13 years, Kawan Food Bhd's highest Altman Z-Score was 13.98. The lowest was 5.05. And the median was 7.95.


Kawan Food Bhd  (XKLS:7216) 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.


Kawan Food Bhd Altman Z-Score Related Terms


Kawan Food Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Kawan Food 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.

Kawan Food Bhd Altman Z-Score Chart

Kawan Food 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 7.16 9.49 7.60 7.14 5.16

Kawan Food 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 5.46 6.09 6.09 5.16 5.05

XKLS:7216 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Kawan Food 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.


Kawan Food Bhd Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kawan Food Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Kawan Food Bhd's Altman Z-Score falls into.


XKLS:7216
65GF Score
Kawan Food Bhd XKLS:7216
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kawan Food 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.

Kawan Food 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*0.4519+1.4*0.5186+3.3*0.0216+0.6*5.2064+1.0*0.5828
=5.05

* 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 RM432.4 Mil.
Total Current Assets was RM236.6 Mil.
Total Current Liabilities was RM41.1 Mil.
Retained Earnings was RM224.2 Mil.
Pre-Tax Income was 1.738 + 0.768 + 1.811 + 4.881 = RM9.2 Mil.
Interest Expense was -0.022 + -0.097 + -0.025 + -0.008 = RM-0.2 Mil.
Revenue was 68.678 + 63.692 + 59.457 + 60.218 = RM252.0 Mil.
Market Cap (Today) was RM272.3 Mil.
Total Liabilities was RM52.3 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
=(236.563 - 41.136)/432.438
=0.4519

X2=Retained Earnings/Total Assets
=224.246/432.438
=0.5186

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(9.198 - -0.152)/432.438
=0.0216

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=272.250/52.291
=5.2064

X5=Revenue/Total Assets
=252.045/432.438
=0.5828

The zones of discrimination were as such:

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

Kawan Food Bhd has a Altman Z-Score of 5.05 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 5.05 mean?
Kawan Food Bhd (XKLS:7216) has a Altman Z-Score of 5.05 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kawan Food Bhd and its competitors. This is 36% below median its historical median of 7.95. Over the past decade, Kawan Food Bhd's Altman Z-Score has ranged from 5.05 to 13.98. According to the industry distribution chart, Kawan Food Bhd ranks #458 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 23.7%.
Is Kawan Food Bhd's Altman Z-Score too high?
Kawan Food Bhd's current Altman Z-Score of 5.05 is 36% below median its 10-year median of 7.95. Over the past 10 years, this metric has ranged from a low of 5.05 to a high of 13.98. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Kawan Food Bhd's value of 5.05 is 78.4% above this industry median. Based on the distribution chart, Kawan Food Bhd ranks #458 out of 1931 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Kawan Food Bhd has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kawan Food Bhd's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kawan Food Bhd ranks #458 out of 1931 companies for Altman Z-Score. This places Kawan Food Bhd in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. Kawan Food Bhd's value of 5.05 is 78.4% above this benchmark. Historically, Kawan Food Bhd's own Altman Z-Score has ranged from 5.05 to 13.98 over the past decade. While the company's 10-year median is 7.95 vs. the industry median of 2.83, Kawan Food 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,931 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. Kawan Food Bhd's current Altman Z-Score of 5.05 is 78.4% 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 Kawan Food 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. Kawan Food Bhd's current Altman Z-Score is 5.05, which is 36% below median its own 10-year median of 7.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawan Food Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kawan Food Bhd (XKLS:7216) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.33, compared to a current price of RM0.81 — trading 39.5% below its estimated fair value. The current Altman Z-Score is 5.05, which is 36% below median its 10-year median of 7.95 and 78.4% above the Consumer Packaged Goods industry median of 2.83. Kawan Food Bhd's overall GF Score™ is 65/100 with 7 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 Kawan Food Bhd (XKLS:7216), the current Altman Z-Score is 5.05 as of Jun. 30, 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 Kawan Food Bhd (XKLS:7216) Overvalued in 2026?

Based on GuruFocus' analysis, Kawan Food Bhd stock appears to be undervalued. The current stock price of RM0.81 is trading 39.5% below its estimated GF Value™ of RM1.33. GuruFocus considers Kawan Food Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:7216:

  • Altman Z-Score: 5.05 (36% below median its 10-year median of 7.95)
  • GF Value™: RM1.33 vs. price of RM0.81 (39.5% below fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 78.4% above the Consumer Packaged Goods median (#458 of 1931)

No single metric tells the full story. See the XKLS:7216 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kawan Food Bhd Business Description

Address Lot 129351, Jalan Sungai Pinang 4/19, Taman Perindustrian Pulau Indah, Selangor Halal Hub, Fasa 2C, Pulau Indah, SGR, MYS, 42920
Kawan Food Bhd is engaged in manufacturing, sale, exporting, trading and distribution of frozen food products, investment property, investment holding activities, rental of trucks, beverage industry, specialises in manufacturing, trading, distributing, importing and exporting concentrated syrups of various flavors as well as frozen fruit juices and information technology. Geographically, the company derives its maximum revenue from Malaysia, North America, Rest of Asia, Europe, Oceania, and Africa. The manufacturing of frozen food products is carried out only in Malaysia.
65GF Score

Get the complete analysis for XKLS:7216

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

RM0.81
Price
RM1.33
GF Value