Yoong Onn Bhd (XKLS:5159) Beneish M-Score: -2.24 (As of Jul. 15, 2026)

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XKLS:5159 Yoong Onn Corp Bhd XKLS:5159
93 GF Score
Price RM1.48
GF Value RM1.82
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Yoong Onn Bhd Beneish M-Score?

Yoong Onn Bhd XKLS:5159 +0.68% 93 Beneish M-Score is -2.24 as of Jul. 15, 2026. GuruFocus rates XKLS:5159 with a GF Score™ of 93/100 and a GF Value™ of RM1.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 998 Manufacturing - Apparel & Accessories companies, Yoong Onn Bhd ranks worse than 68.44% 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 -2.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:5159' s Beneish M-Score Range Over the Past 10 Years
Min: -3.21   Med: -2.2   Max: 1.75
Current: -2.24

During the past 13 years, the highest Beneish M-Score of Yoong Onn Bhd was 1.75. The lowest was -3.21. And the median was -2.20.


Yoong Onn Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yoong Onn 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.

Yoong Onn Bhd Beneish M-Score Chart

Yoong Onn Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.21 -2.12 -2.42 1.75 -2.24

Yoong Onn 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2.24 0.00 0.00 0.00

XKLS:5159 vs AIN: Beneish M-Score Comparison

For the Textile Manufacturing subindustry, Yoong Onn 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.


Yoong Onn Bhd Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yoong Onn Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:5159
93GF Score
Yoong Onn Corp Bhd XKLS:5159
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yoong Onn 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 Yoong Onn 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 * 1.5364+0.528 * 0.9507+0.404 * 1.0174+0.892 * 1.094+0.115 * 0.6482
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4401+4.679 * -0.043788-0.327 * 0.9971
=-2.24

* 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 RM40.1 Mil.
Revenue was RM296.6 Mil.
Gross Profit was RM149.9 Mil.
Total Current Assets was RM285.1 Mil.
Total Assets was RM402.9 Mil.
Property, Plant and Equipment(Net PPE) was RM89.2 Mil.
Depreciation, Depletion and Amortization(DDA) was RM20.4 Mil.
Selling, General, & Admin. Expense(SGA) was RM146.0 Mil.
Total Current Liabilities was RM43.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM20.3 Mil.
Net Income was RM21.5 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM39.2 Mil.
Total Receivables was RM23.9 Mil.
Revenue was RM271.1 Mil.
Gross Profit was RM130.2 Mil.
Total Current Assets was RM264.6 Mil.
Total Assets was RM401.5 Mil.
Property, Plant and Equipment(Net PPE) was RM108.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM14.9 Mil.
Selling, General, & Admin. Expense(SGA) was RM92.7 Mil.
Total Current Liabilities was RM48.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM14.6 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)
=(40.126 / 296.614) / (23.873 / 271.134)
=0.13528 / 0.088049
=1.5364

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)
=(130.24 / 271.134) / (149.871 / 296.614)
=0.480353 / 0.505273
=0.9507

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 - (285.061 + 89.241) / 402.916) / (1 - (264.603 + 108.898) / 401.529)
=0.071017 / 0.069803
=1.0174

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
=296.614 / 271.134
=1.094

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))
=(14.912 / (14.912 + 108.898)) / (20.366 / (20.366 + 89.241))
=0.120443 / 0.185809
=0.6482

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)
=(146.032 / 296.614) / (92.692 / 271.134)
=0.49233 / 0.341868
=1.4401

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)
=((20.309 + 43.07) / 402.916) / ((14.586 + 48.761) / 401.529)
=0.157301 / 0.157764
=0.9971

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
=(21.52 - 0 - 39.163) / 402.916
=-0.043788

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.

Yoong Onn Bhd has a M-score of -2.24 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 -2.24 mean?
Yoong Onn Bhd (XKLS:5159) has a Beneish M-Score of -2.24 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yoong Onn Bhd and its competitors. According to the industry distribution chart, Yoong Onn Bhd ranks #683 out of 998 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 68.4%.
Is Yoong Onn Bhd's Beneish M-Score too high?
Yoong Onn Bhd's current Beneish M-Score is -2.24. Based on the distribution chart, Yoong Onn Bhd ranks #683 out of 998 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Yoong Onn Bhd has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yoong Onn Bhd's Beneish M-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Yoong Onn Bhd ranks #683 out of 998 companies for Beneish M-Score. This places Yoong Onn 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Yoong Onn Bhd and its competitors. Yoong Onn Bhd's current Beneish M-Score is -2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yoong Onn Bhd stock overvalued right now?
Based on GuruFocus' analysis, Yoong Onn Bhd (XKLS:5159) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.82, compared to a current price of RM1.48 — trading 18.7% below its estimated fair value. The current Beneish M-Score is -2.24. Yoong Onn Bhd's overall GF Score™ is 93/100 with 2 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 Yoong Onn Bhd (XKLS:5159), the current Beneish M-Score is -2.24 as of Jul. 15, 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 Yoong Onn Bhd (XKLS:5159) Overvalued in 2026?

Based on GuruFocus' analysis, Yoong Onn Bhd stock appears to be undervalued. The current stock price of RM1.48 is trading 18.7% below its estimated GF Value™ of RM1.82. GuruFocus considers Yoong Onn Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5159:

  • Beneish M-Score: -2.24
  • GF Value™: RM1.82 vs. price of RM1.48 (18.7% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the XKLS:5159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yoong Onn Bhd Business Description

Address Jalan Permata 2, Lot No. PT 16690-16692, Arab-Malaysian Industrial Park, Nilai, NSN, MYS, 71800
Yoong Onn Corp Bhd is an integrated designer, manufacturer, distributor, and retailer of home linen and bedding accessories. It also supplies bedding and bath linen and accessories to hospitality-based institutions, including military accommodations, cruise ships, hospitals, and royal customs. The company is organized into three principal operating divisions, Manufacturing; Distribution and Trading; and Retailing. Its primary geographic markets are Malaysia, Singapore, Vietnam and others. Malaysia contributes to the vast majority of total revenue. The company generates maximum revenue from the Distribution and Trading segment.
93GF Score

Get the complete analysis for XKLS:5159

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

RM1.48
Price
RM1.82
GF Value