Seacera Group Bhd (XKLS:7073) Beneish M-Score: -2.35 (As of Jun. 24, 2026)

What is Seacera Group Bhd Beneish M-Score?

Seacera Group Bhd XKLS:7073 4 Beneish M-Score is -2.35 as of Jun. 24, 2026. GuruFocus rates XKLS:7073 with a GF Score™ of 4/100 and a GF Value™ of RM0.16. The stock has 5 warning signs investors should review.

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 -2.35 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7073' s Beneish M-Score Range Over the Past 10 Years
Min: -4.61 Med: -2.28 Max: 30.56
Current: -2.35

During the past 13 years, the highest Beneish M-Score of Seacera Group Bhd was 30.56. The lowest was -4.61. And the median was -2.28.

Seacera Group Bhd Beneish M-Score Related Terms

Seacera Group Bhd Beneish M-Score Historical Data

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The historical data trend for Seacera Group 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.

Seacera Group Bhd Beneish M-Score Chart

Seacera Group Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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0.00

-3.03

19.90

-2.28

Seacera Group 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															30.48	-2.28	-2.68	-2.72	-2.35

XKLS:7073 vs TT, JCI, CARR: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Seacera Group 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.

Seacera Group Bhd Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Seacera Group Bhd's Beneish M-Score distribution charts can be found below:

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

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Seacera Group Bhd XKLS:7073

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

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Seacera Group 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 Seacera Group 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 * 3.0847

0.528 * 0.7683

0.404 * 1.0065

0.892 * 0.3012

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 7.0782

4.679 * 0.000552

0.327 * 0.9973

-2.35

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was RM44.75 Mil.
Revenue was 1.606 + 1.373 + 4.404 + 4.327 = RM11.71 Mil.
Gross Profit was 0.029 + 0.067 + 0.607 + 0.493 = RM1.20 Mil.
Total Current Assets was RM45.52 Mil.
Total Assets was RM841.81 Mil.
Property, Plant and Equipment(Net PPE) was RM0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.00 Mil.
Selling, General, & Admin. Expense(SGA) was RM6.17 Mil.
Total Current Liabilities was RM34.13 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.01 Mil.
Net Income was -0.689 + -0.973 + -0.085 + -3.409 = RM-5.16 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -0.751 + 0.122 + -0.196 + -4.796 = RM-5.62 Mil.

Total Receivables was RM48.17 Mil.
Revenue was 8.271 + 11.627 + 8.393 + 10.592 = RM38.88 Mil.
Gross Profit was 0.694 + 0.862 + 0.755 + 0.74 = RM3.05 Mil.
Total Current Assets was RM51.00 Mil.
Total Assets was RM847.58 Mil.
Property, Plant and Equipment(Net PPE) was RM0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.00 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.89 Mil.
Total Current Liabilities was RM36.45 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.04 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)
	=	(44.749 / 11.71)	/	(48.17 / 38.883)
	=	3.821435	/	1.238845
	=	3.0847

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)
	=	(3.051 / 38.883)	/	(1.196 / 11.71)
	=	0.078466	/	0.102135
	=	0.7683

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 - (45.516 + 0.075) / 841.812)	/	(1 - (51.002 + 0.113) / 847.575)
	=	0.945842	/	0.939693
	=	1.0065

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
	=	11.71	/	38.883
	=	0.3012

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))
	=	(0 / (0 + 0.113))	/	(0 / (0 + 0.075))
	=	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

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)
	=	(6.169 / 11.71)	/	(2.894 / 38.883)
	=	0.526815	/	0.074428
	=	7.0782

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)
	=	((2.011 + 34.125) / 841.812)	/	((0.036 + 36.445) / 847.575)
	=	0.042926	/	0.043042
	=	0.9973

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
	=	(-5.156 - 0	-	-5.621)	/	841.812
	=	0.000552

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.

Seacera Group Bhd has a M-score of -2.35 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 -2.35 mean?

Seacera Group Bhd (XKLS:7073) has a Beneish M-Score of -2.35 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Seacera Group Bhd and its competitors.

Is Seacera Group Bhd's Beneish M-Score too high?

Seacera Group Bhd's current Beneish M-Score is -2.35. Overall, Seacera Group Bhd has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Seacera Group Bhd's Beneish M-Score compare to TT and JCI?

Seacera Group Bhd's Beneish M-Score of -2.35 can be compared against companies in the Construction 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 Construction company?

A good Beneish M-Score depends on the Construction 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 Seacera Group Bhd and its competitors. Seacera Group Bhd's current Beneish M-Score is -2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Seacera Group Bhd stock overvalued right now?

Seacera Group Bhd (XKLS:7073) has a current Beneish M-Score of -2.35. The stock's GF Value™ is RM0.16, compared to a current price of RM0.06 — trading 62.5% below its estimated fair value. The current Beneish M-Score is -2.35. Seacera Group Bhd's overall GF Score™ is 4/100 with 5 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 Seacera Group Bhd (XKLS:7073), the current Beneish M-Score is -2.35 as of Jun. 24, 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 Seacera Group Bhd (XKLS:7073) Overvalued in 2026?

Based on GuruFocus' analysis, Seacera Group Bhd stock appears to be undervalued. The current stock price of RM0.06 is trading 62.5% below its estimated GF Value™ of RM0.16.

Key valuation signals for XKLS:7073:

Beneish M-Score: -2.35
GF Value™: RM0.16 vs. price of RM0.06 (62.5% below fair value)
GF Score™: 4/100 with 5 warning signs

No single metric tells the full story. See the XKLS:7073 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Seacera Group Bhd Business Description

Industry Industrials Construction

Comparable Companies XKLS:7016 XKLS:7086 XKLS:9121 XKLS:7165 XKLS:7232 XKLS:7235 XKLS:0227 TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII CSL DUB:KRX BLDR MAS XSWX:BEAN OC

Address No. 8, Persiaran Tropicana, Lot 13.2A, 13th Floor, Menara Lien Hoe, Tropicana Golf and Country Resort, Petaling Jaya, SGR, MYS, 47410

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

Seacera Group Bhd is a diversified company engaged in trading building materials, renovation works, property development, construction, property investment, and money lending. It operates through three segments: Trading, the main revenue contributor, involved in the supply and installation of building materials and personal protective and medical equipment; Property and Construction, focusing on property investment holding, property development, and construction activities; and Others, covering investment holding and money lending services. The company operates in Malaysia.

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

RM0.06

Price

RM0.16

GF Value

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