SERBA DINAMIK HOLDINGS BERHAD
KLSE (MYR): SERBADK (5279)
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2024-08-25
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dehcomic01
324 posts
Posted by Dehcomic01 > 2024-01-27 08:42 | Report Abuse
There has been much controversy about the Bursa energy company - Serba Dinamk Bursa. Its ROE had gone from about 20% in 2019/2020 to negative 100 % in 2023. I will not go into whether this is poor management or poor corporate governance. But I was curious about its Altman Z-score.
The Altman Z-Score is a financial metric that is used to assess the financial health of a company. It was developed by Edward Altman in 1968 and is designed to predict the likelihood of a company going bankrupt within the next two years.
• A Z-Score above 2.99 suggests that the company is likely in good financial health and is not at risk of bankruptcy.
• A Z-Score below 1.81 suggests that the company may be at risk of bankruptcy.
The Altmaz Z-Score for Serba Dinamik based on its Sep 2023 LTM financials is negative 1.9. This is way below the Z-Score for bankruptcy.
Now why would you want to bother about this company when there are better oil and gas companies like Deleum to look into with a LTM ROE of 15%. There has been much controversy about the Bursa enegy company - Serba Dinamk Bursa. Its ROE had gone from about 20% in 2019/2020 to negative 100 % in 2023. I will not go into whether this is poor management or poor corporate governance. But I was curious about its Altman Z-score.
The Altman Z-Score is a financial metric that is used to assess the financial health of a company. It was developed by Edward Altman in 1968 and is designed to predict the likelihood of a company going bankrupt within the next two years.
• A Z-Score above 2.99 suggests that the company is likely in good financial health and is not at risk of bankruptcy.
• A Z-Score below 1.81 suggests that the company may be at risk of bankruptcy.
The Altmaz Z-Score for Serba Dinamik based on its Sep 2023 LTM financials is negative 1.9. This is way below the Z-Score for bankruptcy.
Now why would you want to bother about this company when there are better oil and gas companies like Deleum to look into with a LTM ROE of 15%.
In 2023, the Bursa energy index grew by 5.3 % compared to the S&P500 energy index that declined by 3.7 %
In 2023, the Bursa energy index grew by 5.3 % compared to the S&P500 energy index that declined by 3.7 %