Fast Energy Holdings Bhd (XKLS:0084) Beneish M-Score: -4.19 (As of Jul. 05, 2026)


What is Fast Energy Holdings Bhd Beneish M-Score?

Fast Energy Holdings Bhd XKLS:0084 Beneish M-Score is -4.19 as of Jul. 05, 2026. The stock has 5 warning signs investors should review. Among 2,917 Industrial Products companies, Fast Energy Holdings Bhd ranks better than 97.05% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -4.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Fast Energy Holdings Bhd's Beneish M-Score or its related term are showing as below:

XKLS:0084' s Beneish M-Score Range Over the Past 10 Years
Min: -5.12   Med: -2.47   Max: 16.45
Current: -4.19

During the past 13 years, the highest Beneish M-Score of Fast Energy Holdings Bhd was 16.45. The lowest was -5.12. And the median was -2.47.

Fast Energy Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fast Energy Holdings Bhd's Beneish M-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.

Fast Energy Holdings Bhd Beneish M-Score Chart

Fast Energy Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.45 -2.38 -3.41 -4.15 -5.12

Fast Energy Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-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 -4.20 -4.50 -4.28 -5.12 -4.19

XKLS:0084 vs SNA, RBC, LECO: Beneish M-Score Comparison

For the Tools & Accessories subindustry, Fast Energy Holdings Bhd's Beneish M-Score, along with its competitors' market caps and Beneish M-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.

Fast Energy Holdings Bhd Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fast Energy Holdings Bhd's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Fast Energy Holdings Bhd's Beneish M-Score falls into.


Fast Energy Holdings Bhd Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Fast Energy Holdings Bhd for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.4438+0.528 * 0.844+0.404 * 0.8948+0.892 * 0.598+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.6145+4.679 * -0.321249-0.327 * 1.065
=-4.19

* 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:
Total Receivables was RM25.9 Mil.
Revenue was 45.162 + 28.592 + 59.191 + 67.104 = RM200.0 Mil.
Gross Profit was 0.521 + 0.253 + 59.191 + 67.104 = RM127.1 Mil.
Total Current Assets was RM31.0 Mil.
Total Assets was RM63.4 Mil.
Property, Plant and Equipment(Net PPE) was RM5.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.1 Mil.
Total Current Liabilities was RM5.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.
Net Income was -1.46 + -17.546 + -1.501 + -2.766 = RM-23.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -5.114 + 3.715 + 1.552 + -3.071 = RM-2.9 Mil.
 Total Receivables was RM30.0 Mil.
Revenue was 68.702 + 86.966 + 81.566 + 97.318 = RM334.6 Mil.
Gross Profit was 0.76 + -0.289 + 81.566 + 97.318 = RM179.4 Mil.
Total Current Assets was RM41.8 Mil.
Total Assets was RM93.9 Mil.
Property, Plant and Equipment(Net PPE) was RM7.5 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.2 Mil.
Total Current Liabilities was RM7.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(25.877 / 200.049) / (29.973 / 334.552)
=0.129353 / 0.089591
=1.4438

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(179.355 / 334.552) / (127.069 / 200.049)
=0.536105 / 0.635189
=0.844

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (31.013 + 5.402) / 63.362) / (1 - (41.766 + 7.508) / 93.903)
=0.425286 / 0.475267
=0.8948

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=200.049 / 334.552
=0.598

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0 / (0 + 7.508)) / (0 / (0 + 5.402))
=0 / 0
=1

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(2.122 / 200.049) / (2.198 / 334.552)
=0.010607 / 0.00657
=1.6145

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0 + 5.373) / 63.362) / ((0 + 7.477) / 93.903)
=0.084798 / 0.079625
=1.065

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-23.273 - 0 - -2.918) / 63.362
=-0.321249

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Fast Energy Holdings Bhd has a M-score of -4.19 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -4.19 mean?
Fast Energy Holdings Bhd (XKLS:0084) has a Beneish M-Score of -4.19 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fast Energy Holdings Bhd and its competitors. According to the industry distribution chart, Fast Energy Holdings Bhd ranks #86 out of 2917 companies in the Industrial Products industry, placing it in the top 2.9%.
Is Fast Energy Holdings Bhd's Beneish M-Score too high?
Fast Energy Holdings Bhd's current Beneish M-Score is -4.19. Based on the distribution chart, Fast Energy Holdings Bhd ranks #86 out of 2917 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers.
How does Fast Energy Holdings Bhd's Beneish M-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Fast Energy Holdings Bhd ranks #86 out of 2917 companies for Beneish M-Score. This places Fast Energy Holdings Bhd in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fast Energy Holdings Bhd and its competitors. Fast Energy Holdings Bhd's current Beneish M-Score is -4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fast Energy Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fast Energy Holdings Bhd (XKLS:0084) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.04 — trading 75% above its estimated fair value. The current Beneish M-Score is -4.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Fast Energy Holdings Bhd (XKLS:0084), the current Beneish M-Score is -4.19 as of Jul. 05, 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.

Fast Energy Holdings Bhd Business Description

Address Jalan Dutamas 1, C3-6-11 & C3-6-12, No. 1, Solaris Dutamas, Kuala Lumpur, SGR, MYS, 50480
Fast Energy Holdings Bhd is an investment holding company with businesses in bunkering services, vessel chartering, petroleum and commodity trading, and solar energy solutions. The Group has four reportable segments: Investment holding: Investment holding and provision of management and corporate services; Oil trading and bunkering: Provision of bunkering services and trading of petroleum and related products; Renewable energy: Investment in solar, design, construct, operate solar and trading of any solar-related products; and Smart devices: Distribution and sales of smart devices. It generates the majority of its revenue from the oil trading and bunkering segment.