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Pan Malaysia Corporation Berhad, an investment holding company, engages in the manufacturing, marketing, and distribution of chocolate and confectionery products, and other food products in Malaysia a...
The following section summarizes insights on Pan Malaysia Corporation Bhd's Altman Z-Score:
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Altman Z-Score in the risk category include:
A formula used to predict the probability that a firm will go into bankruptcy within two years.
Altman Z-Score is a formula used to predict the probability that a firm will go into bankruptcy within two years. The original paper by Professor Edward I. Altman can be found here.
The formula for Z-Score is as follows:
Z = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E
A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = EBIT / Total Assets
D = Market Value Of Equity / Book Value Of Total Liabilities
E = Sales / Total Assets
For non-U.S. and financial institutions, a modified version of the formula called Z"-Score is used.
Z" = 6.56A + 3.26B + 6.72C + 1.05D + 3.25
A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = Operating Income / Total Assets
D = Book Value of Equity / Book Value Of Liabilities
The formula for Z-Score is as follows:
Z-Score:
Z > 2.99 | Safe Zone
2.99 > Z > 1.81 | Gray Zone
Z < 1.81 | Distress Zone
Z"-Score:
Z > 2.6 | Safe Zone
2.6 > Z > 1.1 | Gray Zone
Z < 1.1 | Distress Zone
The chart above depicts the distribution of altman z-score for companies operating in the Consumer Staples sector in the Developing economic region. Over 1,130 companies were considered in this analysis, and 1,090 had meaningful values. The average altman z-score of companies in the sector is 8.1 with a standard deviation of 4.7.
Pan Malaysia Corporation Bhd's Altman Z-Score of 3.0 ranks in the 9.6% percentile for the sector. The following table provides additional summary stats:
Economic Risk Region | Developing |
Total Constituents | 1,136 |
Included Constituents | 1,090 |
Min | -4.4 |
Max | 27.3 |
Median | 7.4 |
Mean | 8.1 |
Standard Deviation | 4.7 |
You can find companies with similar altman z-score using this stock screener.