Kawan Renergy Bhd (XKLS:0307) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


XKLS:0307 Kawan Renergy Bhd XKLS:0307
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Price RM0.49
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What is Kawan Renergy Bhd Beneish M-Score?

Kawan Renergy Bhd XKLS:0307 -2.00% 50 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates XKLS:0307 with a GF Score™ of 50/100. Among 1,704 Construction companies, Kawan Renergy Bhd ranks worse than 58685.39% 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 Kawan Renergy Bhd's Beneish M-Score or its related term are showing as below:

During the past 6 years, the highest Beneish M-Score of Kawan Renergy Bhd was -1.05. The lowest was -1.05. And the median was -1.05.

Kawan Renergy Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kawan Renergy 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.

Kawan Renergy Bhd Beneish M-Score Chart

Kawan Renergy Bhd Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -1.05

Kawan Renergy Bhd Quarterly Data
Oct20 Oct21 Oct22 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -1.05 0.00

XKLS:0307 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Kawan Renergy 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.

Kawan Renergy Bhd Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Kawan Renergy Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:0307
50GF Score
Kawan Renergy Bhd XKLS:0307
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kawan Renergy 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 Kawan Renergy 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was RM103.5 Mil.
Revenue was 44.385 + 42.665 + 35.051 + 30.949 = RM153.1 Mil.
Gross Profit was 8.927 + 10.139 + 12.087 + 7.518 = RM38.7 Mil.
Total Current Assets was RM144.5 Mil.
Total Assets was RM174.5 Mil.
Property, Plant and Equipment(Net PPE) was RM30.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM4.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM9.4 Mil.
Total Current Liabilities was RM53.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.8 Mil.
Net Income was 5.774 + 6.385 + 7.49 + 4.883 = RM24.5 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -1.249 + 2.209 + -5.71 + -1.691 = RM-6.4 Mil.
 Total Receivables was RM45.3 Mil.
Revenue was 29.328 + 39.163 + 31.823 + 22.186 = RM122.5 Mil.
Gross Profit was 7.554 + 8.168 + 11.687 + 7.504 = RM34.9 Mil.
Total Current Assets was RM95.8 Mil.
Total Assets was RM116.1 Mil.
Property, Plant and Equipment(Net PPE) was RM20.3 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.3 Mil.
Selling, General, & Admin. Expense(SGA) was RM7.8 Mil.
Total Current Liabilities was RM23.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.5 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)
=(103.493 / 153.05) / (45.333 / 122.5)
=0.676204 / 0.370065
=

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)
=(34.913 / 122.5) / (38.671 / 153.05)
=0.285004 / 0.252669
=

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 - (144.454 + 30.086) / 174.54) / (1 - (95.794 + 20.311) / 116.105)
=-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
=153.05 / 122.5
=

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))
=(3.286 / (3.286 + 20.311)) / (4.702 / (4.702 + 30.086))
=0.139255 / 0.135162
=

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)
=(9.366 / 153.05) / (7.785 / 122.5)
=0.061196 / 0.063551
=

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)
=((2.826 + 53.777) / 174.54) / ((0.476 + 23.314) / 116.105)
=0.324298 / 0.204901
=

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
=(24.532 - 0 - -6.441) / 174.54
=0.177455

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?
Kawan Renergy Bhd (XKLS:0307) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kawan Renergy Bhd and its competitors. According to the industry distribution chart, Kawan Renergy Bhd ranks #999999 out of 1704 companies in the Construction industry.
Is Kawan Renergy Bhd's Beneish M-Score too high?
Kawan Renergy Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Kawan Renergy Bhd ranks #999999 out of 1704 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kawan Renergy Bhd has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Kawan Renergy Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kawan Renergy Bhd ranks #999999 out of 1704 companies for Beneish M-Score. This places Kawan Renergy 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Kawan Renergy Bhd and its competitors. Kawan Renergy 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 Kawan Renergy Bhd stock overvalued right now?
Kawan Renergy Bhd (XKLS:0307) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Kawan Renergy Bhd's overall GF Score™ is 50/100. 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 Kawan Renergy Bhd (XKLS:0307), the current Beneish M-Score is 0.00 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.

Kawan Renergy Bhd Business Description

Address 18, Lebuh Perusahaan 1, IGB Industrial Park, Ipoh, PRK, MYS, 31200
Kawan Renergy Bhd operates as an engineering solutions provider with core activities spanning the design, fabrication, installation and/or commissioning of industrial process equipment and process plants, as well as renewable energy and co-generation facilities. It offers integrated end-to-end capabilities, including in-house fabrication, installation and commissioning services. These solutions support a wide range of industrial production and processing applications, such as food processing, oleochemical manufacturing, waste recovery and power generation. In addition, it is involved in power generation activities and the sale of electricity through its association. Its segments include Design, fabrication, installation and/or commissioning solutions, Precision engineering, and Others.
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Get the complete analysis for XKLS:0307

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

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