Kawan Food BhdXKLS:7216 -1.82%65 Beneish M-Score is -2.53 as of Jun. 24, 2026. GuruFocus rates XKLS:7216 with a GF Score™ of 65/100 and a GF Value™ of RM1.33 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Kawan Food Bhd ranks better than 50.73% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kawan Food Bhd's Beneish M-Score or its related term are showing as below:
XKLS:7216'
s Beneish M-Score Range Over the Past 10 Years
Min: -3 Med: -2.5 Max: -1.66
Current: -2.53
During the past 13 years, the highest Beneish M-Score of Kawan Food Bhd was -1.66. The lowest was -3.00. And the median was -2.50.
Kawan Food Bhd Beneish M-Score Related Terms
Kawan Food Bhd Beneish M-Score Historical Data
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The historical data trend for Kawan Food 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.
For the Packaged Foods subindustry, Kawan Food 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.
Kawan Food Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Kawan Food Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kawan Food 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 Kawan Food 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 * 1.0631
+
0.528 * 1.1629
+
0.404 * 0.8261
+
0.892 * 0.8199
+
0.115 * 0.8183
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1426
+
4.679 * -0.009056
-
0.327 * 0.62
=
-2.53
* 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))
=
(19.052 / (19.052 + 209.887))
/
(21.339 / (21.339 + 188.501))
=
0.083219
/
0.101692
=
0.8183
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
=
(5.226 - 0
-
9.142)
/
432.438
=
-0.009056
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.
Kawan Food Bhd has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Kawan Food Bhd (XKLS:7216) has a Beneish M-Score of -2.53 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kawan Food Bhd and its competitors. According to the industry distribution chart, Kawan Food Bhd ranks #911 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 49.3%.
Is Kawan Food Bhd's Beneish M-Score too high?
Kawan Food Bhd's current Beneish M-Score is -2.53. Based on the distribution chart, Kawan Food Bhd ranks #911 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Kawan Food Bhd has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kawan Food Bhd's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kawan Food Bhd ranks #911 out of 1849 companies for Beneish M-Score. This puts Kawan Food Bhd in the upper 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 Kawan Food Bhd and its competitors. Kawan Food Bhd's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawan Food Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kawan Food Bhd (XKLS:7216) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.33, compared to a current price of RM0.81 — trading 39.1% below its estimated fair value. The current Beneish M-Score is -2.53. Kawan Food Bhd's overall GF Score™ is 65/100 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 Kawan Food Bhd (XKLS:7216), the current Beneish M-Score is -2.53 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 Kawan Food Bhd (XKLS:7216) Overvalued in 2026?
Based on GuruFocus' analysis, Kawan Food Bhd stock appears to be undervalued.
The current stock price of RM0.81 is trading 39.1% below its estimated GF Value™ of RM1.33.
GuruFocus considers Kawan Food Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:7216:
Beneish M-Score: -2.53
GF Value™: RM1.33 vs. price of RM0.81 (39.1% below fair value)
No single metric tells the full story. See the XKLS:7216 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kawan Food Bhd is engaged in manufacturing, sale, exporting, trading and distribution of frozen food products, investment property, investment holding activities, rental of trucks, beverage industry, specialises in manufacturing, trading, distributing, importing and exporting concentrated syrups of various flavors as well as frozen fruit juices and information technology. Geographically, the company derives its maximum revenue from Malaysia, North America, Rest of Asia, Europe, Oceania, and Africa. The manufacturing of frozen food products is carried out only in Malaysia.
65GF Score
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