ECA Integrated Solution Bhd (XKLS:0267) Beneish M-Score: 0.00 (As of Jul. 06, 2026)


XKLS:0267 ECA Integrated Solution Bhd XKLS:0267
51 GF Score
Price RM0.33
GF Value RM0.46
Valuation Modestly Undervalued
! 6 Warning Signs
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What is ECA Integrated Solution Bhd Beneish M-Score?

ECA Integrated Solution Bhd XKLS:0267 51 Beneish M-Score is 0.00 as of Jul. 06, 2026. GuruFocus rates XKLS:0267 with a GF Score™ of 51/100 and a GF Value™ of RM0.46 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,916 Industrial Products companies, ECA Integrated Solution Bhd ranks worse than 34293.52% 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.

The historical rank and industry rank for ECA Integrated Solution Bhd's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of ECA Integrated Solution Bhd was -0.11. The lowest was -0.11. And the median was -0.11.

ECA Integrated Solution Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ECA Integrated Solution 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.

ECA Integrated Solution Bhd Beneish M-Score Chart

ECA Integrated Solution Bhd Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -0.11 0.00 0.00

ECA Integrated Solution Bhd Quarterly Data
Oct19 Oct20 Oct21 Jun22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 0.00 0.00 0.00

XKLS:0267 vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, ECA Integrated Solution 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.

ECA Integrated Solution Bhd Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ECA Integrated Solution Bhd's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ECA Integrated Solution Bhd's Beneish M-Score falls into.


XKLS:0267
51GF Score
ECA Integrated Solution Bhd XKLS:0267
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ECA Integrated Solution 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 ECA Integrated Solution 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was RM16.52 Mil.
Revenue was 10.333 + 8.905 + 14.076 + 5.59 = RM38.90 Mil.
Gross Profit was 4.165 + 3.74 + 3.799 + -2.293 = RM9.41 Mil.
Total Current Assets was RM50.30 Mil.
Total Assets was RM71.62 Mil.
Property, Plant and Equipment(Net PPE) was RM21.32 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.73 Mil.
Selling, General, & Admin. Expense(SGA) was RM9.84 Mil.
Total Current Liabilities was RM16.14 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.01 Mil.
Net Income was 1.73 + 1.496 + 1.41 + -4.812 = RM-0.18 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -0.844 + 7.065 + -6.26 + 1.498 = RM1.46 Mil.
 Total Receivables was RM13.73 Mil.
Revenue was 6.646 + 1.18 + 3.353 + 4.025 = RM15.20 Mil.
Gross Profit was 1.49 + -4.448 + -1.239 + -0.661 = RM-4.86 Mil.
Total Current Assets was RM43.73 Mil.
Total Assets was RM65.26 Mil.
Property, Plant and Equipment(Net PPE) was RM21.53 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.76 Mil.
Selling, General, & Admin. Expense(SGA) was RM9.50 Mil.
Total Current Liabilities was RM7.36 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.74 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)
=(16.524 / 38.904) / (13.728 / 15.204)
=0.424738 / 0.90292
=

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)
=(-4.858 / 15.204) / (9.411 / 38.904)
=-0.319521 / 0.241903
=

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 - (50.299 + 21.322) / 71.621) / (1 - (43.726 + 21.53) / 65.256)
=0 / 0
=

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
=38.904 / 15.204
=

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))
=(1.757 / (1.757 + 21.53)) / (2.73 / (2.73 + 21.322))
=0.07545 / 0.113504
=

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)
=(9.836 / 38.904) / (9.495 / 15.204)
=0.252827 / 0.624507
=

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)
=((9.013 + 16.136) / 71.621) / ((10.742 + 7.36) / 65.256)
=0.35114 / 0.2774
=

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
=(-0.176 - 0 - 1.459) / 71.621
=-0.022829

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
ECA Integrated Solution Bhd (XKLS:0267) has a Beneish M-Score of 0.00 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ECA Integrated Solution Bhd and its competitors. According to the industry distribution chart, ECA Integrated Solution Bhd ranks #999999 out of 2916 companies in the Industrial Products industry.
Is ECA Integrated Solution Bhd's Beneish M-Score too high?
ECA Integrated Solution Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, ECA Integrated Solution Bhd ranks #999999 out of 2916 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, ECA Integrated Solution Bhd has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ECA Integrated Solution Bhd's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ECA Integrated Solution Bhd ranks #999999 out of 2916 companies for Beneish M-Score. This places ECA Integrated Solution Bhd in the lower half of its industry. 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 ECA Integrated Solution Bhd and its competitors. ECA Integrated Solution Bhd's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECA Integrated Solution Bhd stock overvalued right now?
Based on GuruFocus' analysis, ECA Integrated Solution Bhd (XKLS:0267) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.46, compared to a current price of RM0.33 — trading 29.3% below its estimated fair value. The current Beneish M-Score is 0.00. ECA Integrated Solution Bhd's overall GF Score™ is 51/100 with 6 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 ECA Integrated Solution Bhd (XKLS:0267), the current Beneish M-Score is 0.00 as of Jul. 06, 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 ECA Integrated Solution Bhd (XKLS:0267) Overvalued in 2026?

Based on GuruFocus' analysis, ECA Integrated Solution Bhd stock appears to be undervalued. The current stock price of RM0.33 is trading 29.3% below its estimated GF Value™ of RM0.46. GuruFocus considers ECA Integrated Solution Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0267:

  • Beneish M-Score: 0.00
  • GF Value™: RM0.46 vs. price of RM0.33 (29.3% below fair value)
  • GF Score™: 51/100 with 6 warning signs

No single metric tells the full story. See the XKLS:0267 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ECA Integrated Solution Bhd Business Description

Address Plot 248, Lorong Perindustrian Bukit Minyak 16, Kawasan Perindustrian Bukit Minyak, Pulau Pinang, Simpang Ampat, PNG, MYS, 14100
ECA Integrated Solution Bhd is an automated manufacturing solution provider and is principally involved in the provision of integrated production systems and standalone automated equipment. The company is a recognized designer, developer, and manufacturer of automation solutions. Company segments include: Investment Holdings and Manufacturing. The clients are from a variety of industries, ranging from semiconductor to non-semiconductor, all around the world, from continents such as Malaysia, North America, Europe, and the rest of Asia. The majority of revenue comes from Malaysia and North America.
51GF Score

Get the complete analysis for XKLS:0267

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

RM0.33
Price
RM0.46
GF Value