SDS Group Bhd (XKLS:0212) Piotroski F-Score: 4 (As of Aug. 02, 2026) — 43% Below Median

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XKLS:0212 SDS Group Bhd XKLS:0212
72 GF Score
Price RM0.39
GF Value RM0.70
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is SDS Group Bhd Piotroski F-Score?

SDS Group Bhd XKLS:0212 72 Piotroski F-Score is 4 as of Aug. 02, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates XKLS:0212 with a GF Score™ of 72/100 and a GF Value™ of RM0.70 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, SDS Group Bhd ranks worse than 67.69% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SDS Group Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for SDS Group Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0212' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 4

During the past 11 years, the highest Piotroski F-Score of SDS Group Bhd was 9. The lowest was 4. And the median was 7.

SDS Group Bhd  (XKLS:0212) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


SDS Group Bhd Piotroski F-Score Related Terms


SDS Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SDS Group Bhd's Piotroski F-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.

SDS Group Bhd Piotroski F-Score Chart

SDS Group Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 8.00 6.00 7.00 4.00

SDS Group Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-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 7.00 6.00 6.00 4.00 4.00

XKLS:0212 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, SDS Group Bhd's Piotroski F-Score, along with its competitors' market caps and Piotroski F-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.


SDS Group Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SDS Group Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SDS Group Bhd's Piotroski F-Score falls into.


XKLS:0212
72GF Score
SDS Group Bhd XKLS:0212
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 7.187 + 7.523 + 7.179 + 4.934 = RM26.8 Mil.
Cash Flow from Operations was 13.111 + 13.285 + 14.129 + 8.142 = RM48.7 Mil.
Revenue was 84.835 + 86.506 + 85.461 + 78.443 = RM335.2 Mil.
Gross Profit was 28.148 + 29.5 + 28.773 + 25.054 = RM111.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(228.498 + 232.454 + 243.486 + 248.993 + 248.7) / 5 = RM240.4262 Mil.
Total Assets at the begining of this year (Mar25) was RM228.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM19.0 Mil.
Total Current Assets was RM68.8 Mil.
Total Current Liabilities was RM44.6 Mil.
Net Income was 8.94 + 9.816 + 8.294 + 6.233 = RM33.3 Mil.

Revenue was 83.014 + 90.936 + 89.471 + 82.247 = RM345.7 Mil.
Gross Profit was 28.992 + 32.38 + 30.471 + 26.489 = RM118.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(193.421 + 206.499 + 219.006 + 227.524 + 228.498) / 5 = RM214.9896 Mil.
Total Assets at the begining of last year (Mar24) was RM193.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM15.2 Mil.
Total Current Assets was RM77.5 Mil.
Total Current Liabilities was RM47.3 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SDS Group Bhd's current Net Income (TTM) was 26.8. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SDS Group Bhd's current Cash Flow from Operations (TTM) was 48.7. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=26.823/228.498
=0.11738834

ROA (Last Year)=Net Income/Total Assets (Mar24)
=33.283/193.421
=0.17207542

SDS Group Bhd's return on assets of this year was 0.11738834. SDS Group Bhd's return on assets of last year was 0.17207542. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

SDS Group Bhd's current Net Income (TTM) was 26.8. SDS Group Bhd's current Cash Flow from Operations (TTM) was 48.7. ==> 48.7 > 26.8 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=18.954/240.4262
=0.078835

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=15.192/214.9896
=0.07066388

SDS Group Bhd's gearing of this year was 0.078835. SDS Group Bhd's gearing of last year was 0.07066388. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=68.75/44.646
=1.53989159

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=77.46/47.273
=1.63856747

SDS Group Bhd's current ratio of this year was 1.53989159. SDS Group Bhd's current ratio of last year was 1.63856747. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

SDS Group Bhd's number of shares in issue this year was 544.036. SDS Group Bhd's number of shares in issue last year was 546.174. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=111.475/335.245
=0.33251801

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=118.332/345.668
=0.34232848

SDS Group Bhd's gross margin of this year was 0.33251801. SDS Group Bhd's gross margin of last year was 0.34232848. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=335.245/228.498
=1.4671682

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=345.668/193.421
=1.78712756

SDS Group Bhd's asset turnover of this year was 1.4671682. SDS Group Bhd's asset turnover of last year was 1.78712756. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SDS Group Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
SDS Group Bhd (XKLS:0212) has a Piotroski F-Score of 4 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SDS Group Bhd and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, SDS Group Bhd's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, SDS Group Bhd ranks #1295 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 67.7%.
Is SDS Group Bhd's Piotroski F-Score too high?
SDS Group Bhd's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. SDS Group Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, SDS Group Bhd ranks #1295 out of 1913 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, SDS Group Bhd has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SDS Group Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, SDS Group Bhd ranks #1295 out of 1913 companies for Piotroski F-Score. This places SDS Group Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. SDS Group Bhd's value of 4 is 20% below this benchmark. Historically, SDS Group Bhd's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, SDS Group 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 Piotroski F-Score for a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,913 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SDS Group Bhd's current Piotroski F-Score of 4 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SDS Group Bhd and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SDS Group Bhd's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SDS Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, SDS Group Bhd (XKLS:0212) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.70, compared to a current price of RM0.39 — trading 44.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Consumer Packaged Goods industry median of 5.00. SDS Group Bhd's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For SDS Group Bhd (XKLS:0212), the current Piotroski F-Score is 4 as of Aug. 02, 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 SDS Group Bhd (XKLS:0212) Overvalued in 2026?

Based on GuruFocus' analysis, SDS Group Bhd stock appears to be undervalued. The current stock price of RM0.39 is trading 44.3% below its estimated GF Value™ of RM0.70. GuruFocus considers SDS Group Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0212:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: RM0.70 vs. price of RM0.39 (44.3% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1295 of 1913)

No single metric tells the full story. See the XKLS:0212 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SDS Group Bhd Business Description

Address 5, Jalan Selatan 8, Off Jalan Kempas Lama, Kawasan Perusahaan Ringan Pulai, Johor Bahru, JHR, MYS, 81200
SDS Group Bhd is involved in the manufacturing and distribution of bakery products. The company's segment includes Wholesale segment, which includes manufacturing of products and dealing directly with ultimate customers through the Group's retail outlets; Retail segment, which includes manufacturing of products and distributing to the retailer through the Group's fleet of lorries. and Other. It generates maximum revenue from the wholesale segment. Geographically the business presence of the group is seen in Malaysia, Singapore, and Indonesia of which the Malaysia region accounts for a majority of revenue.
72GF Score

Get the complete analysis for XKLS:0212

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

RM0.39
Price
RM0.70
GF Value