Imaspro Bhd (XKLS:7222) Altman Z-Score: 6.95 (As of Jul. 06, 2026) — 36% Below Median


XKLS:7222 Imaspro Corp Bhd XKLS:7222
77 GF Score
Price RM0.76
GF Value RM1.07
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Imaspro Bhd Altman Z-Score?

Imaspro Bhd XKLS:7222 +2.01% 77 Altman Z-Score is 6.95 as of Jul. 06, 2026, which is 36% below its 10-year median of 10.84. GuruFocus rates XKLS:7222 with a GF Score™ of 77/100 and a GF Value™ of RM1.07 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 248 Agriculture companies, Imaspro Bhd ranks better than 88.71% 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 6.95 is strong.

Imaspro Bhd has a Altman Z-Score of 6.95, 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 Imaspro Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7222' s Altman Z-Score Range Over the Past 10 Years
Min: 6.29   Med: 10.84   Max: 38.68
Current: 6.95

During the past 13 years, Imaspro Bhd's highest Altman Z-Score was 38.68. The lowest was 6.29. And the median was 10.84.


Imaspro Bhd  (XKLS:7222) 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.


Imaspro Bhd Altman Z-Score Related Terms


Imaspro Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Imaspro 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.

Imaspro Bhd Altman Z-Score Chart

Imaspro Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.28 35.27 21.95 9.30 6.35

Imaspro Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 10.84 7.85 6.35 9.56 7.15

XKLS:7222 vs CTVA, CF, MOS: Altman Z-Score Comparison

For the Agricultural Inputs subindustry, Imaspro 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.


Imaspro Bhd Altman Z-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Imaspro Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:7222
77GF Score
Imaspro Corp Bhd XKLS:7222
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imaspro 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.

Imaspro 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*0.3993+1.4*0.6412+3.3*0.072+0.6*8.2374+1.0*0.3949
=6.95

* 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 RM140.92 Mil.
Total Current Assets was RM61.08 Mil.
Total Current Liabilities was RM4.81 Mil.
Retained Earnings was RM90.35 Mil.
Pre-Tax Income was 1.119 + 1.947 + 4.996 + 1.998 = RM10.06 Mil.
Interest Expense was -0.023 + -0.028 + 0.003 + -0.032 = RM-0.08 Mil.
Revenue was 11.866 + 13.773 + 16.79 + 13.214 = RM55.64 Mil.
Market Cap (Today) was RM60.80 Mil.
Total Liabilities was RM7.38 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
=(61.076 - 4.812)/140.92
=0.3993

X2=Retained Earnings/Total Assets
=90.354/140.92
=0.6412

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(10.06 - -0.08)/140.92
=0.072

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=60.800/7.381
=8.2374

X5=Revenue/Total Assets
=55.643/140.92
=0.3949

The zones of discrimination were as such:

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

Imaspro Bhd has a Altman Z-Score of 6.95 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 6.95 mean?
Imaspro Bhd (XKLS:7222) has a Altman Z-Score of 6.95 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Imaspro Bhd and its competitors. This is 36% below median its historical median of 10.84. Over the past decade, Imaspro Bhd's Altman Z-Score has ranged from 6.29 to 38.68. According to the industry distribution chart, Imaspro Bhd ranks #28 out of 248 companies in the Agriculture industry, placing it in the top 11.3%.
Is Imaspro Bhd's Altman Z-Score too high?
Imaspro Bhd's current Altman Z-Score of 6.95 is 36% below median its 10-year median of 10.84. Over the past 10 years, this metric has ranged from a low of 6.29 to a high of 38.68. The Agriculture industry median Altman Z-Score is 2.69. Imaspro Bhd's value of 6.95 is 158.8% above this industry median. Based on the distribution chart, Imaspro Bhd ranks #28 out of 248 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Imaspro Bhd has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Imaspro Bhd's Altman Z-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Imaspro Bhd ranks #28 out of 248 companies for Altman Z-Score. This places Imaspro Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.69. Imaspro Bhd's value of 6.95 is 158.8% above this benchmark. Historically, Imaspro Bhd's own Altman Z-Score has ranged from 6.29 to 38.68 over the past decade. While the company's 10-year median is 10.84 vs. the industry median of 2.69, Imaspro 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 an Agriculture company?
The median Altman Z-Score among Agriculture companies is 2.69, based on 248 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. Imaspro Bhd's current Altman Z-Score of 6.95 is 158.8% 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 Imaspro Bhd and its competitors. For the Agriculture industry, the median Altman Z-Score is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imaspro Bhd's current Altman Z-Score is 6.95, which is 36% below median its own 10-year median of 10.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imaspro Bhd stock overvalued right now?
Based on GuruFocus' analysis, Imaspro Bhd (XKLS:7222) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.07, compared to a current price of RM0.76 — trading 29% below its estimated fair value. The current Altman Z-Score is 6.95, which is 36% below median its 10-year median of 10.84 and 158.8% above the Agriculture industry median of 2.69. Imaspro Bhd's overall GF Score™ is 77/100 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 Imaspro Bhd (XKLS:7222), the current Altman Z-Score is 6.95 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 Imaspro Bhd (XKLS:7222) Overvalued in 2026?

Based on GuruFocus' analysis, Imaspro Bhd stock appears to be undervalued. The current stock price of RM0.76 is trading 29% below its estimated GF Value™ of RM1.07. GuruFocus considers Imaspro Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7222:

  • Altman Z-Score: 6.95 (36% below median its 10-year median of 10.84)
  • GF Value™: RM1.07 vs. price of RM0.76 (29% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 158.8% above the Agriculture median (#28 of 248)

No single metric tells the full story. See the XKLS:7222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Imaspro Bhd Business Description

Address 37, Jalan 5, Kawasan 16, Taman Intan, Klang, SGR, MYS, 41300
Imaspro Corp Bhd is an investment holding company, along with its subsidiaries it engages in the manufacturing and distribution of pesticides and related agrochemical products, offering plant micronutrients, herbicides, insecticides, fungicides, and specialty products. It sells mosquito coils, disinfectants, and household insecticides, generating the majority of its revenue from these product lines and related services. The company also provides research, development, and training services related to pesticides and agrochemicals. Geographically, the company has a business presence in Malaysia, Vietnam, Indonesia, New Zealand, Cambodia, Lebanon, and other regions. It earns a substantial part of its revenue from Malaysia.
77GF Score

Get the complete analysis for XKLS:7222

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

RM0.76
Price
RM1.07
GF Value