Semico Capital Bhd (XKLS:0388) Beneish M-Score: -2.37 (As of Jul. 05, 2026)


XKLS:0388 Semico Capital Bhd XKLS:0388
21 GF Score
Price RM0.57
! 3 Warning Signs
View Full Analysis

What is Semico Capital Bhd Beneish M-Score?

Semico Capital Bhd XKLS:0388 21 Beneish M-Score is -2.37 as of Jul. 05, 2026. GuruFocus rates XKLS:0388 with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 823 Travel & Leisure companies, Semico Capital Bhd ranks worse than 70.72% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0388' s Beneish M-Score Range Over the Past 10 Years
Min: -2.37   Med: 0.14   Max: 2.64
Current: -2.37

During the past 4 years, the highest Beneish M-Score of Semico Capital Bhd was 2.64. The lowest was -2.37. And the median was 0.14.

Semico Capital Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Semico Capital 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.

Semico Capital Bhd Beneish M-Score Chart

Semico Capital Bhd Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 2.64 -2.37

Semico Capital Bhd Quarterly Data
Jun22 Jun23 Jun24 Jun25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 2.64 -2.37 0.00 0.00

XKLS:0388 vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, Semico Capital 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.

Semico Capital Bhd Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Semico Capital Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:0388
21GF Score
Semico Capital Bhd XKLS:0388
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Semico Capital 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 Semico Capital 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 * 1.0298+0.528 * 0.911+0.404 * 0.12+0.892 * 1.3435+0.115 * 1.0681
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2622+4.679 * -0.01033-0.327 * 0.1916
=-2.37

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was RM4.70 Mil.
Revenue was RM29.69 Mil.
Gross Profit was RM14.10 Mil.
Total Current Assets was RM29.48 Mil.
Total Assets was RM38.43 Mil.
Property, Plant and Equipment(Net PPE) was RM8.91 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.16 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.52 Mil.
Total Current Liabilities was RM2.10 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.07 Mil.
Net Income was RM6.03 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM6.43 Mil.
 Total Receivables was RM3.40 Mil.
Revenue was RM22.10 Mil.
Gross Profit was RM9.56 Mil.
Total Current Assets was RM7.55 Mil.
Total Assets was RM13.43 Mil.
Property, Plant and Equipment(Net PPE) was RM5.75 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.51 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.89 Mil.
Total Current Liabilities was RM3.76 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.18 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)
=(4.697 / 29.688) / (3.395 / 22.098)
=0.158212 / 0.153634
=1.0298

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)
=(9.56 / 22.098) / (14.099 / 29.688)
=0.432618 / 0.474906
=0.911

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 - (29.478 + 8.909) / 38.433) / (1 - (7.547 + 5.753) / 13.434)
=0.001197 / 0.009975
=0.12

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
=29.688 / 22.098
=1.3435

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))
=(1.512 / (1.512 + 5.753)) / (2.156 / (2.156 + 8.909))
=0.208121 / 0.194849
=1.0681

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)
=(1.516 / 29.688) / (0.894 / 22.098)
=0.051064 / 0.040456
=1.2622

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)
=((0.065 + 2.096) / 38.433) / ((0.183 + 3.76) / 13.434)
=0.056228 / 0.293509
=0.1916

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
=(6.033 - 0 - 6.43) / 38.433
=-0.01033

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.

Semico Capital Bhd has a M-score of -2.37 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 -2.37 mean?
Semico Capital Bhd (XKLS:0388) has a Beneish M-Score of -2.37 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Semico Capital Bhd and its competitors. According to the industry distribution chart, Semico Capital Bhd ranks #582 out of 823 companies in the Travel & Leisure industry, placing it in the top 70.7%.
Is Semico Capital Bhd's Beneish M-Score too high?
Semico Capital Bhd's current Beneish M-Score is -2.37. Based on the distribution chart, Semico Capital Bhd ranks #582 out of 823 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Semico Capital Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Semico Capital Bhd's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Semico Capital Bhd ranks #582 out of 823 companies for Beneish M-Score. This places Semico Capital 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Semico Capital Bhd and its competitors. Semico Capital Bhd's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semico Capital Bhd stock overvalued right now?
Semico Capital Bhd (XKLS:0388) has a current Beneish M-Score of -2.37. The current Beneish M-Score is -2.37. Semico Capital Bhd's overall GF Score™ is 21/100 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 Semico Capital Bhd (XKLS:0388), the current Beneish M-Score is -2.37 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.

Semico Capital Bhd Business Description

Address Jalan Ipoh, No. 972, Batu 6 1/2, G-31, Eco Sky, Kuala Lumpur, MYS, 68100
Semico Capital Bhd is an investment holding company. Through its subsidiaries, the company principally provides family entertainment products and services, as well as wholesale and distribution of toys and collectables. It operates through three key segments: Family entertainment, Toys and collectables, and Investment holding. The majority of revenue is generated from the Family entertainment segment, which includes the supply of arcade and amusement machines and its related services as well as operation and management of a family entertainment centre. Geographically, the company operates only in Malaysia.
21GF Score

Get the complete analysis for XKLS:0388

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

RM0.57
Price