Scanwolf Bhd (XKLS:7239) Beneish M-Score: 1.64 (As of Jul. 14, 2026)

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XKLS:7239 Scanwolf Corp Bhd XKLS:7239
34 GF Score
Price RM0.34
GF Value RM1.38
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Scanwolf Bhd Beneish M-Score?

Scanwolf Bhd XKLS:7239 -1.47% 34 Beneish M-Score is 1.64 as of Jul. 14, 2026. GuruFocus rates XKLS:7239 with a GF Score™ of 34/100 and a GF Value™ of RM1.38 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Scanwolf Bhd ranks worse than 98.32% 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.

Warning Sign:

Beneish M-Score 1.64 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:7239' s Beneish M-Score Range Over the Past 10 Years
Min: -3.69   Med: -2.74   Max: 1.64
Current: 1.64

During the past 13 years, the highest Beneish M-Score of Scanwolf Bhd was 1.64. The lowest was -3.69. And the median was -2.74.


Scanwolf Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Scanwolf 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.

Scanwolf Bhd Beneish M-Score Chart

Scanwolf 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 -2.25 -1.27 -3.69 -2.69 1.64

Scanwolf 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 1.64 0.00 0.00 0.00

XKLS:7239 vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Scanwolf 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.


Scanwolf Bhd Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Scanwolf Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:7239
34GF Score
Scanwolf Corp Bhd XKLS:7239
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scanwolf 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 Scanwolf 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 * 2.7973+0.528 * 2.8107+0.404 * 1.4196+0.892 * 2.7787+0.115 * 1.2734
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.036771-0.327 * 1.3351
=1.64

* 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 RM56.0 Mil.
Revenue was RM91.1 Mil.
Gross Profit was RM16.9 Mil.
Total Current Assets was RM110.9 Mil.
Total Assets was RM158.8 Mil.
Property, Plant and Equipment(Net PPE) was RM41.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM109.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM3.6 Mil.
Net Income was RM-11.2 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM-5.3 Mil.
Total Receivables was RM7.2 Mil.
Revenue was RM32.8 Mil.
Gross Profit was RM17.1 Mil.
Total Current Assets was RM54.2 Mil.
Total Assets was RM98.2 Mil.
Property, Plant and Equipment(Net PPE) was RM41.2 Mil.
Depreciation, Depletion and Amortization(DDA) was RM4.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM48.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.4 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)
=(56.005 / 91.145) / (7.205 / 32.801)
=0.61446 / 0.219658
=2.7973

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)
=(17.072 / 32.801) / (16.878 / 91.145)
=0.520472 / 0.185177
=2.8107

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 - (110.9 + 41.443) / 158.819) / (1 - (54.179 + 41.178) / 98.177)
=0.040776 / 0.028724
=1.4196

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
=91.145 / 32.801
=2.7787

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))
=(4.164 / (4.164 + 41.178)) / (3.221 / (3.221 + 41.443))
=0.091835 / 0.072116
=1.2734

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)
=(0 / 91.145) / (0 / 32.801)
=0 / 0
=1

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)
=((3.58 + 109.905) / 158.819) / ((4.399 + 48.146) / 98.177)
=0.714556 / 0.535207
=1.3351

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
=(-11.181 - 0 - -5.341) / 158.819
=-0.036771

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.

Scanwolf Bhd has a M-score of 1.64 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 1.64 mean?
Scanwolf Bhd (XKLS:7239) has a Beneish M-Score of 1.64 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Scanwolf Bhd and its competitors. According to the industry distribution chart, Scanwolf Bhd ranks #409 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 98.3%.
Is Scanwolf Bhd's Beneish M-Score too high?
Scanwolf Bhd's current Beneish M-Score is 1.64. Based on the distribution chart, Scanwolf Bhd ranks #409 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Scanwolf Bhd has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scanwolf Bhd's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Scanwolf Bhd ranks #409 out of 416 companies for Beneish M-Score. This places Scanwolf 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Scanwolf Bhd and its competitors. Scanwolf Bhd's current Beneish M-Score is 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scanwolf Bhd stock overvalued right now?
Based on GuruFocus' analysis, Scanwolf Bhd (XKLS:7239) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.38, compared to a current price of RM0.34 — trading 75.7% below its estimated fair value. The current Beneish M-Score is 1.64. Scanwolf Bhd's overall GF Score™ is 34/100 with 9 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 Scanwolf Bhd (XKLS:7239), the current Beneish M-Score is 1.64 as of Jul. 14, 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 Scanwolf Bhd (XKLS:7239) Overvalued in 2026?

Based on GuruFocus' analysis, Scanwolf Bhd stock appears to be undervalued. The current stock price of RM0.34 is trading 75.7% below its estimated GF Value™ of RM1.38. GuruFocus considers Scanwolf Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7239:

  • Beneish M-Score: 1.64
  • GF Value™: RM1.38 vs. price of RM0.34 (75.7% below fair value)
  • GF Score™: 34/100 with 9 warning signs

No single metric tells the full story. See the XKLS:7239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Scanwolf Bhd Business Description

Address Jalan Pusat Perniagaan Falim 5, Number 19, 19A, 19B & 19C, Pusat Perniagaan Falim, Ipoh, PRK, MYS, 30200
Scanwolf Corp Bhd is an investment holding company. The company's operating segment includes Property development, Manufacturing and Investment and others. It generates maximum revenue from the Manufacturing segment. The company's Manufacturing product categories include Architectural Products; Office Fittings; Home Fittings and Vinyl Tile. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Africa; Asia; Middle East; Oceania, and Other countries.
34GF Score

Get the complete analysis for XKLS:7239

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

RM0.34
Price
RM1.38
GF Value