BLD Plantation Bhd (XKLS:5069) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is BLD Plantation Bhd Beneish M-Score?

BLD Plantation Bhd XKLS:5069 60 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates XKLS:5069 with a GF Score™ of 60/100 and a GF Value™ of RM12.56 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, BLD Plantation Bhd ranks worse than 54083.23% 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 BLD Plantation Bhd's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of BLD Plantation Bhd was -2.61. The lowest was -3.70. And the median was -2.80.

BLD Plantation Bhd Beneish M-Score Related Terms

BLD Plantation Bhd Beneish M-Score Historical Data

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The historical data trend for BLD Plantation 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.

BLD Plantation Bhd Beneish M-Score Chart

BLD Plantation Bhd Annual Data

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Mar20

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Mar26

Beneish M-Score

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BLD Plantation Bhd Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

XKLS:5069 vs ADM, BG, TSN: Beneish M-Score Comparison

For the Farm Products subindustry, BLD Plantation 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.

BLD Plantation Bhd Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BLD Plantation Bhd's Beneish M-Score distribution charts can be found below:

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

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60GF Score

BLD Plantation Bhd XKLS:5069

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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BLD Plantation 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 BLD Plantation Bhd for today is based on a combination of the following eight different indices:

-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 *

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was RM45 Mil.
Revenue was 479.38 + 645.993 + 433.443 + 493.536 = RM2,052 Mil.
Gross Profit was 62.507 + 60.576 + 34.084 + 45.739 = RM203 Mil.
Total Current Assets was RM628 Mil.
Total Assets was RM1,292 Mil.
Property, Plant and Equipment(Net PPE) was RM663 Mil.
Depreciation, Depletion and Amortization(DDA) was RM45 Mil.
Selling, General, & Admin. Expense(SGA) was RM112 Mil.
Total Current Liabilities was RM290 Mil.
Long-Term Debt & Capital Lease Obligation was RM13 Mil.
Net Income was 30.648 + 5.775 + 4.598 + 5.393 = RM46 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0 Mil.
Cash Flow from Operations was 55.445 + 114.208 + 7.309 + 51.882 = RM229 Mil.

Total Receivables was RM24 Mil.
Revenue was 388.5 + 483.086 + 457.406 + 426.605 = RM1,756 Mil.
Gross Profit was 40.344 + 76.118 + 32.267 + 29.195 = RM178 Mil.
Total Current Assets was RM556 Mil.
Total Assets was RM1,254 Mil.
Property, Plant and Equipment(Net PPE) was RM698 Mil.
Depreciation, Depletion and Amortization(DDA) was RM27 Mil.
Selling, General, & Admin. Expense(SGA) was RM102 Mil.
Total Current Liabilities was RM273 Mil.
Long-Term Debt & Capital Lease Obligation was RM24 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)
	=	(44.531 / 2052.352)	/	(23.713 / 1755.597)
	=	0.021698	/	0.013507
	=

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)
	=	(177.924 / 1755.597)	/	(202.906 / 2052.352)
	=	0.101347	/	0.098865
	=

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 - (628.048 + 663.495) / 1291.543)	/	(1 - (555.782 + 698.084) / 1253.866)
	=	-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
	=	2052.352	/	1755.597
	=

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))
	=	(26.76 / (26.76 + 698.084))	/	(45.393 / (45.393 + 663.495))
	=	0.036918	/	0.064034
	=

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)
	=	(112.115 / 2052.352)	/	(101.816 / 1755.597)
	=	0.054628	/	0.057995
	=

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)
	=	((13.337 + 289.75) / 1291.543)	/	((24.23 + 273.113) / 1253.866)
	=	0.23467	/	0.237141
	=

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
	=	(46.414 - 0	-	228.844)	/	1291.543
	=	-0.14125

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?

BLD Plantation Bhd (XKLS:5069) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BLD Plantation Bhd and its competitors. According to the industry distribution chart, BLD Plantation Bhd ranks #999999 out of 1849 companies in the Consumer Packaged Goods industry.

Is BLD Plantation Bhd's Beneish M-Score too high?

BLD Plantation Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, BLD Plantation Bhd ranks #999999 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, BLD Plantation Bhd has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does BLD Plantation Bhd's Beneish M-Score compare to ADM and BG?

According to the Consumer Packaged Goods industry distribution chart, BLD Plantation Bhd ranks #999999 out of 1849 companies for Beneish M-Score. This places BLD Plantation 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 BLD Plantation Bhd and its competitors. BLD Plantation 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 BLD Plantation Bhd stock overvalued right now?

Based on GuruFocus' analysis, BLD Plantation Bhd (XKLS:5069) is currently considered Modestly Overvalued. The stock's GF Value™ is RM12.56, compared to a current price of RM15.00 — trading 19.4% above its estimated fair value. The current Beneish M-Score is 0.00. BLD Plantation Bhd's overall GF Score™ is 60/100 with 4 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 BLD Plantation Bhd (XKLS:5069), the current Beneish M-Score is 0.00 as of Jun. 25, 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 BLD Plantation Bhd (XKLS:5069) Overvalued in 2026?

Based on GuruFocus' analysis, BLD Plantation Bhd stock appears to be overvalued. The current stock price of RM15.00 is trading 19.4% above its estimated GF Value™ of RM12.56. GuruFocus considers BLD Plantation Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5069:

Beneish M-Score: 0.00
GF Value™: RM12.56 vs. price of RM15.00 (19.4% above fair value)
GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the XKLS:5069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BLD Plantation Bhd Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies XKLS:2593 XKLS:9059 XKLS:4383 XKLS:6262 XKLS:5135 XKLS:1929 XKLS:1996 XKLS:5138 XKLS:3662 XKLS:5319 ADM SZSE:002714 BG TSN SZSE:300498 OSL:MOWI OSL:SALM XZIM:TANGANDA SZSE:300972 SZSE:000876

Address 88 Jalan Pending, Level 6, Crown Towers, Kuching, SWK, MYS, 93450

Website https://www.bldpb.com.my

BLD Plantation Bhd is involved in investment holding and provides management and security services. The group's main activities include operating a palm oil refinery and kernel crushing plant, cultivating oil palm, processing fresh fruit bunches, and running a stone quarry. The company majorly generates its revenue from its oil palm operations and has a presence in India, Bangladesh, various African countries, Europe, China, Korea, Malaysia, and other countries. The company's business segments consist of oil palm operations and investment holding.

60GF Score

Get the complete analysis for XKLS:5069

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

RM15.00

Price

RM12.56

GF Value

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