Kim Hin Industry BhdXKLS:5371 18 Beneish M-Score is -3.19 as of Jul. 06, 2026. GuruFocus rates XKLS:5371 with a GF Score™ of 18/100 and a GF Value™ of RM0.42 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 388 Building Materials companies, Kim Hin Industry Bhd ranks better than 90.46% 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 -3.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kim Hin Industry Bhd's Beneish M-Score or its related term are showing as below:
XKLS:5371'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.95 Med: -2.86 Max: -2
Current: -3.19
During the past 13 years, the highest Beneish M-Score of Kim Hin Industry Bhd was -2.00. The lowest was -3.95. And the median was -2.86.
Kim Hin Industry Bhd Beneish M-Score Related Terms
Kim Hin Industry Bhd Beneish M-Score Historical Data
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The historical data trend for Kim Hin Industry 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:5371 vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, Kim Hin Industry 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.
Kim Hin Industry Bhd Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Kim Hin Industry Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kim Hin Industry 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 Kim Hin Industry 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 * 0.89
+
0.528 * 1.0516
+
0.404 * 0.9662
+
0.892 * 0.8795
+
0.115 * 0.9359
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1306
+
4.679 * -0.09936
-
0.327 * 1.0616
=
-3.19
* 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))
=
(19.258 / (19.258 + 132.863))
/
(19.976 / (19.976 + 127.696))
=
0.126597
/
0.135273
=
0.9359
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
=
(-29.926 - 0
-
5.24)
/
353.924
=
-0.09936
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.
Kim Hin Industry Bhd has a M-score of -3.19 suggests that the company is unlikely to be a manipulator.
Kim Hin Industry Bhd (XKLS:5371) has a Beneish M-Score of -3.19 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kim Hin Industry Bhd and its competitors. According to the industry distribution chart, Kim Hin Industry Bhd ranks #37 out of 388 companies in the Building Materials industry, placing it in the top 9.5%.
Is Kim Hin Industry Bhd's Beneish M-Score too high?
Kim Hin Industry Bhd's current Beneish M-Score is -3.19. Based on the distribution chart, Kim Hin Industry Bhd ranks #37 out of 388 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Kim Hin Industry Bhd has a GF Score™ of 18/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kim Hin Industry Bhd's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kim Hin Industry Bhd ranks #37 out of 388 companies for Beneish M-Score. This places Kim Hin Industry Bhd in the top 10% 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 a Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Kim Hin Industry Bhd and its competitors. Kim Hin Industry Bhd's current Beneish M-Score is -3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kim Hin Industry Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kim Hin Industry Bhd (XKLS:5371) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.42, compared to a current price of RM0.85 — trading 101.2% above its estimated fair value. The current Beneish M-Score is -3.19. Kim Hin Industry Bhd's overall GF Score™ is 18/100 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 Kim Hin Industry Bhd (XKLS:5371), the current Beneish M-Score is -3.19 as of Jul. 06, 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 Kim Hin Industry Bhd (XKLS:5371) Overvalued in 2026?
Based on GuruFocus' analysis, Kim Hin Industry Bhd stock appears to be overvalued.
The current stock price of RM0.85 is trading 101.2% above its estimated GF Value™ of RM0.42.
GuruFocus considers Kim Hin Industry Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5371:
Beneish M-Score: -3.19
GF Value™: RM0.42 vs. price of RM0.85 (101.2% above fair value)
No single metric tells the full story. See the XKLS:5371 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kim Hin Industry Bhd is a Malaysia-based investment holding company, engaged in the provision of management services. The group is involved in the production and distribution of ceramic floors, homogeneous and monoprosa tiles, trading in building materials, property, and investment holding. The company manufactures and markets tiles under the brands Kimgres, Durogres, Vitrogres, and Habitat. It is organized into four operating segments according to geographical locations, namely, Malaysia, China, Australia, and Vietnam segments of which the Malaysia segment contributed the majority of the part of its revenue. It has three manufacturing plants, of which two are located in Malaysia (Kuching, Sarawak, and Senawang, Seremban) and the third is located in Shanghai, Peoples Republic of China.
18GF Score
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