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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 -3.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Coastal Contracts Bhd's Beneish M-Score or its related term are showing as below:
XKLS:5071'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.83 Med: -1.89 Max: 53.84
Current: -3.28
During the past 13 years, the highest Beneish M-Score of Coastal Contracts Bhd was 53.84. The lowest was -4.83. And the median was -1.89.
Coastal Contracts Bhd Beneish M-Score Related Terms
Coastal Contracts Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Coastal Contracts 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.
XKLS:5071 vs SLB, BKR, HAL: Beneish M-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Coastal Contracts 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.
Coastal Contracts Bhd Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Coastal Contracts Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Coastal Contracts Bhd's Beneish M-Score falls into.
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 Coastal Contracts 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 * 0.4111
+
0.528 * 0.3321
+
0.404 * 1.4547
+
0.892 * 0.6234
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.621
+
4.679 * 0.080238
-
0.327 * 1.0537
=
-3.28
* 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.
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.
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 / (0 + 334.849))
/
(0 / (0 + 300.654))
=
0
/
0
=
1
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
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
=
(-51.227 - 0
-
-193.514)
/
1773.319
=
0.080238
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.
Coastal Contracts Bhd has a M-score of -3.28 suggests that the company is unlikely to be a manipulator.
Coastal Contracts Bhd (XKLS:5071) has a Beneish M-Score of -3.28 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coastal Contracts Bhd and its competitors. According to the industry distribution chart, Coastal Contracts Bhd ranks #144 out of 824 companies in the Oil & Gas industry, placing it in the top 17.5%.
Is Coastal Contracts Bhd's Beneish M-Score too high?
Coastal Contracts Bhd's current Beneish M-Score is -3.28. Based on the distribution chart, Coastal Contracts Bhd ranks #144 out of 824 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Coastal Contracts Bhd has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coastal Contracts Bhd's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Coastal Contracts Bhd ranks #144 out of 824 companies for Beneish M-Score. This places Coastal Contracts Bhd in the top 18% of its industry — outperforming the majority of peers. 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 an Oil & Gas company?
A good Beneish M-Score depends on the Oil & Gas 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 Coastal Contracts Bhd and its competitors. Coastal Contracts Bhd's current Beneish M-Score is -3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coastal Contracts Bhd stock overvalued right now?
Based on GuruFocus' analysis, Coastal Contracts Bhd (XKLS:5071) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.44, compared to a current price of RM1.30 — trading 195.5% above its estimated fair value. The current Beneish M-Score is -3.28. Coastal Contracts Bhd's overall GF Score™ is 44/100 with 7 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 Coastal Contracts Bhd (XKLS:5071), the current Beneish M-Score is -3.28 as of Jul. 20, 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 Coastal Contracts Bhd (XKLS:5071) Overvalued in 2026?
Based on GuruFocus' analysis, Coastal Contracts Bhd stock appears to be overvalued.
The current stock price of RM1.30 is trading 195.5% above its estimated GF Value™ of RM0.44.
GuruFocus considers Coastal Contracts Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5071:
Beneish M-Score: -3.28
GF Value™: RM0.44 vs. price of RM1.30 (195.5% above fair value)
No single metric tells the full story. See the XKLS:5071 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coastal Contracts Bhd is an investment holding company. Its segments include Gas processing involves provision of onshore gas conditioning and jack-up gas compression services; Vessels manufacturing and repairing services engaged in fabrication and sale of offshore support and marine transportation vessels, and provision of ship repairs and maintenance services; Vessels manufacturing and repairing services involves Fabrication and sale of offshore support and marine transportation vessels, and provision of ship repairs and maintenance services; Vessels chartering and equipment hire, derives key revenue engaged in provision of vessels transportation and equipment hiring services; and Hospitality engaged in development of an overwater bungalow resort.
44GF Score
Get the complete analysis for XKLS:5071
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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