Sancy Bhd (XKLS:03057) Beneish M-Score: -1.04 (As of Jun. 26, 2026)


XKLS:03057 Sancy Bhd XKLS:03057
53 GF Score
Price RM0.32
GF Value RM0.33
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Sancy Bhd Beneish M-Score?

Sancy Bhd XKLS:03057 53 Beneish M-Score is -1.04 as of Jun. 26, 2026. GuruFocus rates XKLS:03057 with a GF Score™ of 53/100 and a GF Value™ of RM0.33 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,634 Software companies, Sancy Bhd ranks worse than 88.91% 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.

Warning Sign:

Beneish M-Score -1.04 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:03057' s Beneish M-Score Range Over the Past 10 Years
Min: -3.61   Med: -2.7   Max: -0.8
Current: -1.04

During the past 7 years, the highest Beneish M-Score of Sancy Bhd was -0.80. The lowest was -3.61. And the median was -2.70.

Sancy Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sancy 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.

Sancy Bhd Beneish M-Score Chart

Sancy Bhd Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial -3.61 -0.80 -2.75 -2.70 -1.04

Sancy Bhd Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.75 -1.81 -2.70 0.00 -1.04

XKLS:03057 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Sancy 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.

Sancy Bhd Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Sancy Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:03057
53GF Score
Sancy Bhd XKLS:03057
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sancy 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 Sancy 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 * 2.8339+0.528 * 0.8603+0.404 * 0.9224+0.892 * 1.1203+0.115 * 0.76
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8883+4.679 * 0.020998-0.327 * 2.0457
=-1.04

* 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 RM5.14 Mil.
Revenue was RM5.87 Mil.
Gross Profit was RM3.36 Mil.
Total Current Assets was RM5.95 Mil.
Total Assets was RM35.58 Mil.
Property, Plant and Equipment(Net PPE) was RM0.10 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.21 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.64 Mil.
Total Current Liabilities was RM3.21 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.62 Mil.
Net Income was RM5.24 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM4.49 Mil.
 Total Receivables was RM1.62 Mil.
Revenue was RM5.24 Mil.
Gross Profit was RM2.58 Mil.
Total Current Assets was RM2.60 Mil.
Total Assets was RM27.98 Mil.
Property, Plant and Equipment(Net PPE) was RM0.20 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.21 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.65 Mil.
Total Current Liabilities was RM1.41 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.06 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)
=(5.14 / 5.868) / (1.619 / 5.238)
=0.875937 / 0.309087
=2.8339

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)
=(2.581 / 5.238) / (3.361 / 5.868)
=0.492745 / 0.572768
=0.8603

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 - (5.948 + 0.099) / 35.575) / (1 - (2.602 + 0.201) / 27.976)
=0.830021 / 0.899807
=0.9224

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
=5.868 / 5.238
=1.1203

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))
=(0.212 / (0.212 + 0.201)) / (0.206 / (0.206 + 0.099))
=0.513317 / 0.67541
=0.76

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)
=(2.638 / 5.868) / (2.651 / 5.238)
=0.449557 / 0.506109
=0.8883

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)
=((0.617 + 3.207) / 35.575) / ((0.059 + 1.411) / 27.976)
=0.107491 / 0.052545
=2.0457

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
=(5.235 - 0 - 4.488) / 35.575
=0.020998

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.

Sancy Bhd has a M-score of -1.04 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 -1.04 mean?
Sancy Bhd (XKLS:03057) has a Beneish M-Score of -1.04 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sancy Bhd and its competitors. According to the industry distribution chart, Sancy Bhd ranks #2342 out of 2634 companies in the Software industry, placing it in the top 88.9%.
Is Sancy Bhd's Beneish M-Score too high?
Sancy Bhd's current Beneish M-Score is -1.04. Based on the distribution chart, Sancy Bhd ranks #2342 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Sancy Bhd has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sancy Bhd's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Sancy Bhd ranks #2342 out of 2634 companies for Beneish M-Score. This places Sancy 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 a Software company?
A good Beneish M-Score depends on the Software 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 Sancy Bhd and its competitors. Sancy Bhd's current Beneish M-Score is -1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sancy Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sancy Bhd (XKLS:03057) is currently considered Fairly Valued. The stock's GF Value™ is RM0.33, compared to a current price of RM0.32 — trading 3% below its estimated fair value. The current Beneish M-Score is -1.04. Sancy Bhd's overall GF Score™ is 53/100 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 Sancy Bhd (XKLS:03057), the current Beneish M-Score is -1.04 as of Jun. 26, 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 Sancy Bhd (XKLS:03057) Overvalued in 2026?

Based on GuruFocus' analysis, Sancy Bhd stock appears to be undervalued. The current stock price of RM0.32 is trading 3% below its estimated GF Value™ of RM0.33. GuruFocus considers Sancy Bhd to be Fairly Valued.

Key valuation signals for XKLS:03057:

  • Beneish M-Score: -1.04
  • GF Value™: RM0.33 vs. price of RM0.32 (3% below fair value)
  • GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the XKLS:03057 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sancy Bhd Business Description

Address Jalan Wan Kadir 3, A-2-10, TTDI Plaza, Taman Tun Dr. Ismail, Wilayah Persekutuan, Kuala Lumpur, MYS, 60000
Sancy Bhd focuses on improving efficiency and value for healthcare service providers through digitalization. It is principally engaged in the business of investment holding and provision of digital healthcare solutions, other non-clinical information management systems, and related services. The group predominantly operates in one geographical area, which is Malaysia.
53GF Score

Get the complete analysis for XKLS:03057

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

RM0.32
Price
RM0.33
GF Value