Texchem Resources BhdXKLS:8702 -1.96%50 Altman Z-Score is 1.77 as of Jun. 30, 2026, which is 14% below its 10-year median of 2.06. GuruFocus rates XKLS:8702 with a GF Score™ of 50/100 and a GF Value™ of RM0.90 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 544 Conglomerates companies, Texchem Resources Bhd ranks worse than 58.27% 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 1.77 is in distress zone. This implies bankruptcy possibility in the next two years.
Texchem Resources Bhd has a Altman Z-Score of 1.77, 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 Texchem Resources Bhd's Altman Z-Score or its related term are showing as below:
XKLS:8702'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.52 Med: 2.06 Max: 2.53
Current: 1.77
During the past 13 years, Texchem Resources Bhd's highest Altman Z-Score was 2.53. The lowest was 1.52. And the median was 2.06.
Texchem Resources Bhd (XKLS:8702) 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.
Texchem Resources Bhd Altman Z-Score Related Terms
Texchem Resources Bhd Altman Z-Score Historical Data
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The historical data trend for Texchem Resources 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.
For the Conglomerates subindustry, Texchem Resources 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.
Texchem Resources Bhd Altman Z-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Texchem Resources Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Texchem Resources 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.
* 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.
Texchem Resources Bhd (XKLS:8702) has a Altman Z-Score of 1.77 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Texchem Resources Bhd and its competitors. This is 14% below median its historical median of 2.06. Over the past decade, Texchem Resources Bhd's Altman Z-Score has ranged from 1.52 to 2.53. According to the industry distribution chart, Texchem Resources Bhd ranks #317 out of 544 companies in the Conglomerates industry, placing it in the top 58.3%.
Is Texchem Resources Bhd's Altman Z-Score too high?
Texchem Resources Bhd's current Altman Z-Score of 1.77 is 14% below median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 2.53. The Conglomerates industry median Altman Z-Score is 2.06. Texchem Resources Bhd's value of 1.77 is 14.1% below this industry median. Based on the distribution chart, Texchem Resources Bhd ranks #317 out of 544 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Texchem Resources Bhd has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Texchem Resources Bhd's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Texchem Resources Bhd ranks #317 out of 544 companies for Altman Z-Score. This places Texchem Resources Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.06. Texchem Resources Bhd's value of 1.77 is 14.1% below this benchmark. Historically, Texchem Resources Bhd's own Altman Z-Score has ranged from 1.52 to 2.53 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 2.06, Texchem Resources 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.06, based on 544 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. Texchem Resources Bhd's current Altman Z-Score of 1.77 is 14.1% 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 Texchem Resources Bhd and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texchem Resources Bhd's current Altman Z-Score is 1.77, which is 14% below median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texchem Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, Texchem Resources Bhd (XKLS:8702) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.90, compared to a current price of RM0.75 — trading 16.7% below its estimated fair value. The current Altman Z-Score is 1.77, which is 14% below median its 10-year median of 2.06 and 14.1% below the Conglomerates industry median of 2.06. Texchem Resources Bhd's overall GF Score™ is 50/100 with 5 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 Texchem Resources Bhd (XKLS:8702), the current Altman Z-Score is 1.77 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 Texchem Resources Bhd (XKLS:8702) Overvalued in 2026?
Based on GuruFocus' analysis, Texchem Resources Bhd stock appears to be undervalued.
The current stock price of RM0.75 is trading 16.7% below its estimated GF Value™ of RM0.90.
GuruFocus considers Texchem Resources Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:8702:
Altman Z-Score: 1.77 (14% below median its 10-year median of 2.06)
GF Value™: RM0.90 vs. price of RM0.75 (16.7% below fair value)
Industry Position: 14.1% below the Conglomerates median (#317 of 544)
No single metric tells the full story. See the XKLS:8702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texchem Resources Bhd is an investment holding company. The company has five reportable segments: Industrial, Polymer Engineering, Food, Venture Business and Restaurant. The products under industrial segments are plastic resins, rubber/latex chemicals, PVC resins and additives, adhesive chemicals, food ingredients, dyestuff and textile auxiliaries. The polymer division designs new polymer solutions and designs for industries such as data storage industry, semiconductor, consumer electronics and electrical, telecommunications and life science industry. The restaurant division operates restaurant brands such as sushi king, Miraku, and Hoshino Coffee. The majority of revenue is derived from the Industrial segment. Geographically, the maximum revenue is generated from Malaysia.
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