KTI Landmark Bhd (XKLS:0308) Beneish M-Score: -1.07 (As of Jul. 05, 2026)


XKLS:0308 KTI Landmark Bhd XKLS:0308
30 GF Score
Price RM0.53
! 14 Warning Signs
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What is KTI Landmark Bhd Beneish M-Score?

KTI Landmark Bhd XKLS:0308 30 Beneish M-Score is -1.07 as of Jul. 05, 2026. GuruFocus rates XKLS:0308 with a GF Score™ of 30/100. The stock has 14 warning signs investors should review. Among 1,680 Real Estate companies, KTI Landmark Bhd ranks worse than 84.58% 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 -1.07 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:0308' s Beneish M-Score Range Over the Past 10 Years
Min: -1.07   Med: -0.36   Max: 1.41
Current: -1.07

During the past 6 years, the highest Beneish M-Score of KTI Landmark Bhd was 1.41. The lowest was -1.07. And the median was -0.36.

KTI Landmark Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KTI Landmark 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.

KTI Landmark Bhd Beneish M-Score Chart

KTI Landmark Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -0.73

KTI Landmark Bhd Quarterly Data
Dec20 Dec21 Dec22 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 0.00 1.41 0.01 -0.73 -1.07

KTI Landmark Bhd Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, KTI Landmark 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.

KTI Landmark Bhd Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, KTI Landmark Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:0308
30GF Score
KTI Landmark Bhd XKLS:0308
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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KTI Landmark 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 KTI Landmark 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 * 1.0363+0.528 * 1.0812+0.404 * 0.8915+0.892 * 1.6239+0.115 * 1.0622
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6616+4.679 * 0.167646-0.327 * 1.079
=-1.07

* 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 RM270.3 Mil.
Revenue was 81.294 + 113.079 + 81.482 + 55.793 = RM331.6 Mil.
Gross Profit was 16.101 + 25.952 + 18.086 + 12.41 = RM72.5 Mil.
Total Current Assets was RM802.3 Mil.
Total Assets was RM1,016.5 Mil.
Property, Plant and Equipment(Net PPE) was RM205.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM29.8 Mil.
Total Current Liabilities was RM641.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM181.1 Mil.
Net Income was 2.444 + 8.73 + 5.313 + 3.165 = RM19.7 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -56.473 + -23.143 + -51.784 + -19.36 = RM-150.8 Mil.
 Total Receivables was RM160.6 Mil.
Revenue was 55.954 + 66.022 + 52.978 + 29.277 = RM204.2 Mil.
Gross Profit was 12.424 + 19.521 + 9.533 + 6.828 = RM48.3 Mil.
Total Current Assets was RM581.0 Mil.
Total Assets was RM728.2 Mil.
Property, Plant and Equipment(Net PPE) was RM140.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM27.7 Mil.
Total Current Liabilities was RM440.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM105.3 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)
=(270.285 / 331.648) / (160.617 / 204.231)
=0.814976 / 0.786448
=1.0363

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)
=(48.306 / 204.231) / (72.549 / 331.648)
=0.236526 / 0.218753
=1.0812

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 - (802.29 + 205.373) / 1016.5) / (1 - (581.018 + 140.105) / 728.225)
=0.008694 / 0.009752
=0.8915

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
=331.648 / 204.231
=1.6239

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))
=(1.21 / (1.21 + 140.105)) / (1.669 / (1.669 + 205.373))
=0.008562 / 0.008061
=1.0622

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)
=(29.772 / 331.648) / (27.712 / 204.231)
=0.08977 / 0.135689
=0.6616

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)
=((181.087 + 641.464) / 1016.5) / ((105.309 + 440.814) / 728.225)
=0.809199 / 0.749937
=1.079

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
=(19.652 - 0 - -150.76) / 1016.5
=0.167646

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.

KTI Landmark Bhd has a M-score of -1.07 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 -1.07 mean?
KTI Landmark Bhd (XKLS:0308) has a Beneish M-Score of -1.07 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KTI Landmark Bhd and its competitors. According to the industry distribution chart, KTI Landmark Bhd ranks #1421 out of 1680 companies in the Real Estate industry, placing it in the top 84.6%.
Is KTI Landmark Bhd's Beneish M-Score too high?
KTI Landmark Bhd's current Beneish M-Score is -1.07. Based on the distribution chart, KTI Landmark Bhd ranks #1421 out of 1680 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, KTI Landmark Bhd has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does KTI Landmark Bhd's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, KTI Landmark Bhd ranks #1421 out of 1680 companies for Beneish M-Score. This places KTI Landmark 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 KTI Landmark Bhd and its competitors. KTI Landmark Bhd's current Beneish M-Score is -1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KTI Landmark Bhd stock overvalued right now?
KTI Landmark Bhd (XKLS:0308) has a current Beneish M-Score of -1.07. The current Beneish M-Score is -1.07. KTI Landmark Bhd's overall GF Score™ is 30/100 with 14 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 KTI Landmark Bhd (XKLS:0308), the current Beneish M-Score is -1.07 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.

KTI Landmark Bhd Business Description

Address Taman Nelly 9, Phase 4 Shoplot, Lot 220 (Ground Floor), 221 (Ground Floor and 1st Floor, and 222 (Ground Floor to 3rd Floor, Lorong Nelly Plaza Jalan Nountun, Kolombong, Kota Kinabalu, SBH, MYS, 88844
KTI Landmark Bhd is engaged in property development, construction, and project management. Its portfolio encompasses a myriad of acclaimed housing and mixed development projects, such as Taman Nelly, Taman La Gloxinia, Taman Seri Lemawang, The Logg, Residensi Seri Akasia, Taman Bukit Alamanda, and more. Its segments include Property development engaged in property development activities and sales of completed units; Construction engaged in construction activities; and Others engaged in non-reportable segment including investment holding and corporate activities. The company is involved in the property development and construction activities that are based in Malaysia.
30GF Score

Get the complete analysis for XKLS:0308

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

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