Kim Hin Joo (Malaysia) Bhd (XKLS:0210) Beneish M-Score: -4.29 (As of Jun. 27, 2026)


XKLS:0210 Kim Hin Joo (Malaysia) Bhd XKLS:0210
40 GF Score
Price RM0.11
GF Value RM0.11
Valuation Fairly Valued
! 3 Warning Signs
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What is Kim Hin Joo (Malaysia) Bhd Beneish M-Score?

Kim Hin Joo (Malaysia) Bhd XKLS:0210 +4.76% 40 Beneish M-Score is -4.29 as of Jun. 27, 2026. GuruFocus rates XKLS:0210 with a GF Score™ of 40/100 and a GF Value™ of RM0.11 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Kim Hin Joo (Malaysia) Bhd ranks better than 97.15% 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 -4.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Kim Hin Joo (Malaysia) Bhd's Beneish M-Score or its related term are showing as below:

XKLS:0210' s Beneish M-Score Range Over the Past 10 Years
Min: -4.29   Med: -2.65   Max: 1.53
Current: -4.29

During the past 11 years, the highest Beneish M-Score of Kim Hin Joo (Malaysia) Bhd was 1.53. The lowest was -4.29. And the median was -2.65.

Kim Hin Joo (Malaysia) Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kim Hin Joo (Malaysia) 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.

Kim Hin Joo (Malaysia) Bhd Beneish M-Score Chart

Kim Hin Joo (Malaysia) 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 -2.65 -2.59 -2.86 -3.91 -3.42

Kim Hin Joo (Malaysia) 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 -3.72 -3.46 -3.01 -3.42 -4.29

XKLS:0210 vs CASY, WSM, ULTA: Beneish M-Score Comparison

For the Specialty Retail subindustry, Kim Hin Joo (Malaysia) 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.

Kim Hin Joo (Malaysia) Bhd Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kim Hin Joo (Malaysia) Bhd's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Kim Hin Joo (Malaysia) Bhd's Beneish M-Score falls into.


XKLS:0210
40GF Score
Kim Hin Joo (Malaysia) Bhd XKLS:0210
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kim Hin Joo (Malaysia) 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 Kim Hin Joo (Malaysia) 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 * 0.3107+0.528 * 0.9893+0.404 * 1.0334+0.892 * 0.7988+0.115 * 1.5166
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0882+4.679 * -0.172058-0.327 * 1.7564
=-4.29

* 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 RM1.91 Mil.
Revenue was 16.6 + 18.876 + 18.481 + 18.522 = RM72.48 Mil.
Gross Profit was 7.434 + 7.786 + 7.786 + 8.096 = RM31.10 Mil.
Total Current Assets was RM73.69 Mil.
Total Assets was RM92.09 Mil.
Property, Plant and Equipment(Net PPE) was RM16.70 Mil.
Depreciation, Depletion and Amortization(DDA) was RM6.89 Mil.
Selling, General, & Admin. Expense(SGA) was RM36.96 Mil.
Total Current Liabilities was RM15.58 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.15 Mil.
Net Income was -0.656 + -2.404 + -1.003 + -0.763 = RM-4.83 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -0.261 + 3.906 + 3.582 + 3.792 = RM11.02 Mil.
 Total Receivables was RM7.70 Mil.
Revenue was 21.25 + 24.036 + 22.672 + 22.782 = RM90.74 Mil.
Gross Profit was 9.255 + 9.984 + 9.792 + 9.49 = RM38.52 Mil.
Total Current Assets was RM73.33 Mil.
Total Assets was RM85.65 Mil.
Property, Plant and Equipment(Net PPE) was RM10.80 Mil.
Depreciation, Depletion and Amortization(DDA) was RM8.58 Mil.
Selling, General, & Admin. Expense(SGA) was RM42.52 Mil.
Total Current Liabilities was RM8.56 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.54 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)
=(1.911 / 72.479) / (7.7 / 90.74)
=0.026366 / 0.084858
=0.3107

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)
=(38.521 / 90.74) / (31.102 / 72.479)
=0.424521 / 0.429117
=0.9893

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 - (73.688 + 16.702) / 92.091) / (1 - (73.327 + 10.796) / 85.654)
=0.018471 / 0.017874
=1.0334

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
=72.479 / 90.74
=0.7988

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))
=(8.576 / (8.576 + 10.796)) / (6.885 / (6.885 + 16.702))
=0.442701 / 0.291898
=1.5166

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)
=(36.959 / 72.479) / (42.521 / 90.74)
=0.509927 / 0.468603
=1.0882

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)
=((9.148 + 15.576) / 92.091) / ((4.537 + 8.556) / 85.654)
=0.268474 / 0.152859
=1.7564

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
=(-4.826 - 0 - 11.019) / 92.091
=-0.172058

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.

Kim Hin Joo (Malaysia) Bhd has a M-score of -4.29 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 -4.29 mean?
Kim Hin Joo (Malaysia) Bhd (XKLS:0210) has a Beneish M-Score of -4.29 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kim Hin Joo (Malaysia) Bhd and its competitors. According to the industry distribution chart, Kim Hin Joo (Malaysia) Bhd ranks #31 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 2.9%.
Is Kim Hin Joo (Malaysia) Bhd's Beneish M-Score too high?
Kim Hin Joo (Malaysia) Bhd's current Beneish M-Score is -4.29. Based on the distribution chart, Kim Hin Joo (Malaysia) Bhd ranks #31 out of 1087 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Kim Hin Joo (Malaysia) Bhd has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kim Hin Joo (Malaysia) Bhd's Beneish M-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Kim Hin Joo (Malaysia) Bhd ranks #31 out of 1087 companies for Beneish M-Score. This places Kim Hin Joo (Malaysia) 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 a Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Kim Hin Joo (Malaysia) Bhd and its competitors. Kim Hin Joo (Malaysia) Bhd's current Beneish M-Score is -4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kim Hin Joo (Malaysia) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kim Hin Joo (Malaysia) Bhd (XKLS:0210) is currently considered Fairly Valued. The stock's GF Value™ is RM0.11, compared to a current price of RM0.11 — trading right at its estimated fair value. The current Beneish M-Score is -4.29. Kim Hin Joo (Malaysia) Bhd's overall GF Score™ is 40/100 with 3 warning signs to review. 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 Kim Hin Joo (Malaysia) Bhd (XKLS:0210), the current Beneish M-Score is -4.29 as of Jun. 27, 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 Kim Hin Joo (Malaysia) Bhd (XKLS:0210) Overvalued in 2026?

Based on GuruFocus' analysis, Kim Hin Joo (Malaysia) Bhd stock appears to be undervalued. The current stock price of RM0.11 is trading 0% below its estimated GF Value™ of RM0.11. GuruFocus considers Kim Hin Joo (Malaysia) Bhd to be Fairly Valued.

Key valuation signals for XKLS:0210:

  • Beneish M-Score: -4.29
  • GF Value™: RM0.11 vs. price of RM0.11 (0% below fair value)
  • GF Score™: 40/100 with 3 warning signs

No single metric tells the full story. See the XKLS:0210 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kim Hin Joo (Malaysia) Bhd Business Description

Address Jalan Perindustrian Balakong Jaya 1 /3, Lot 5205C, Wisma Pang Cheng Yean, Kawasan Perindustrian Balakong Jaya, Seri Kembangan, SGR, MYS, 43300
Kim Hin Joo (Malaysia) Bhd is principally involved in the retail and distribution of baby, children, and maternity products. The firm operates through two segments. The Retail segment engages in the retailing of babies, children, and maternity products. The Distribution segment comprises of distribution of children's and maternity products. The group operates in Malaysia.
40GF Score

Get the complete analysis for XKLS:0210

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

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