Kumpulan Jetson Bhd (XKLS:9083) Beneish M-Score: -3.69 (As of Jun. 26, 2026)

What is Kumpulan Jetson Bhd Beneish M-Score?

Kumpulan Jetson Bhd XKLS:9083 +6.25% Beneish M-Score is -3.69 as of Jun. 26, 2026. The stock has 5 warning signs investors should review. Among 1,530 Chemicals companies, Kumpulan Jetson Bhd ranks better than 95.56% 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 -3.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:9083' s Beneish M-Score Range Over the Past 10 Years
Min: -4.01 Med: -2.72 Max: -2.01
Current: -3.69

During the past 13 years, the highest Beneish M-Score of Kumpulan Jetson Bhd was -2.01. The lowest was -4.01. And the median was -2.72.

Kumpulan Jetson Bhd Beneish M-Score Related Terms

Kumpulan Jetson Bhd Beneish M-Score Historical Data

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The historical data trend for Kumpulan Jetson 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.

Kumpulan Jetson Bhd Beneish M-Score Chart

Kumpulan Jetson Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Mar25

Beneish M-Score

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-2.97

-2.61

-2.01

-2.57

-4.01

Kumpulan Jetson Bhd Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25
Beneish M-Score	Get a 7-Day Free Trial															-2.14	-2.13	-4.01	-3.83	-3.69

XKLS:9083 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Kumpulan Jetson 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.

Kumpulan Jetson Bhd Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kumpulan Jetson Bhd's Beneish M-Score distribution charts can be found below:

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

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Kumpulan Jetson 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 Kumpulan Jetson 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 * 0.8424

0.528 * 1.0655

0.404 * 0.2324

0.892 * 0.8567

0.115 * 0.8568

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.2313

4.679 * -0.127127

0.327 * 1.0314

-3.69

This Year (Sep25) TTM:

Last Year (Sep24) TTM:

Total Receivables was RM36.5 Mil.
Revenue was 48.027 + 44.2 + 42.594 + 53.015 = RM187.8 Mil.
Gross Profit was 4.076 + 5.062 + 5.696 + 6.923 = RM21.8 Mil.
Total Current Assets was RM127.3 Mil.
Total Assets was RM165.0 Mil.
Property, Plant and Equipment(Net PPE) was RM32.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM12.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM33.0 Mil.
Total Current Liabilities was RM73.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM16.2 Mil.
Net Income was -3.186 + -1.37 + -17.607 + -1.703 = RM-23.9 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -4.581 + 7.528 + -3.239 + -2.594 = RM-2.9 Mil.

Total Receivables was RM50.6 Mil.
Revenue was 51.63 + 50.084 + 61.375 + 56.159 = RM219.2 Mil.
Gross Profit was 5.354 + 6.741 + 8.294 + 6.67 = RM27.1 Mil.
Total Current Assets was RM119.7 Mil.
Total Assets was RM181.6 Mil.
Property, Plant and Equipment(Net PPE) was RM37.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM11.3 Mil.
Selling, General, & Admin. Expense(SGA) was RM31.3 Mil.
Total Current Liabilities was RM73.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM22.3 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)
	=	(36.509 / 187.836)	/	(50.587 / 219.248)
	=	0.194366	/	0.23073
	=	0.8424

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)
	=	(27.059 / 219.248)	/	(21.757 / 187.836)
	=	0.123417	/	0.11583
	=	1.0655

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 - (127.332 + 32.437) / 165.032)	/	(1 - (119.715 + 36.95) / 181.582)
	=	0.031891	/	0.137222
	=	0.2324

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
	=	187.836	/	219.248
	=	0.8567

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))
	=	(11.308 / (11.308 + 36.95))	/	(12.21 / (12.21 + 32.437))
	=	0.234324	/	0.273479
	=	0.8568

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)
	=	(32.975 / 187.836)	/	(31.258 / 219.248)
	=	0.175552	/	0.142569
	=	1.2313

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)
	=	((16.249 + 73.752) / 165.032)	/	((22.294 + 73.719) / 181.582)
	=	0.545355	/	0.528758
	=	1.0314

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
	=	(-23.866 - 0	-	-2.886)	/	165.032
	=	-0.127127

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.

Kumpulan Jetson Bhd has a M-score of -3.69 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 -3.69 mean?

Kumpulan Jetson Bhd (XKLS:9083) has a Beneish M-Score of -3.69 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kumpulan Jetson Bhd and its competitors. According to the industry distribution chart, Kumpulan Jetson Bhd ranks #68 out of 1530 companies in the Chemicals industry, placing it in the top 4.4%.

Is Kumpulan Jetson Bhd's Beneish M-Score too high?

Kumpulan Jetson Bhd's current Beneish M-Score is -3.69. Based on the distribution chart, Kumpulan Jetson Bhd ranks #68 out of 1530 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers.

How does Kumpulan Jetson Bhd's Beneish M-Score compare to LIN and SHW?

According to the Chemicals industry distribution chart, Kumpulan Jetson Bhd ranks #68 out of 1530 companies for Beneish M-Score. This places Kumpulan Jetson Bhd in the top 4% 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 Chemicals company?

A good Beneish M-Score depends on the Chemicals 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 Kumpulan Jetson Bhd and its competitors. Kumpulan Jetson Bhd's current Beneish M-Score is -3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kumpulan Jetson Bhd stock overvalued right now?

Based on GuruFocus' analysis, Kumpulan Jetson Bhd (XKLS:9083) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.12, compared to a current price of RM0.09 — trading 29.2% below its estimated fair value. The current Beneish M-Score is -3.69. 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 Kumpulan Jetson Bhd (XKLS:9083), the current Beneish M-Score is -3.69 as of Jun. 26, 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.

Kumpulan Jetson Bhd Business Description

Industry Basic Materials Chemicals

Comparable Companies XKLS:7173 XKLS:7223 XKLS:5022 XKLS:7005 XKLS:0055 XKLS:0054 XKLS:9954 XKLS:0306 XKLS:0381 XKLS:0105 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Address No. 189, Jalan Tun Razak, 11th Floor, Menara Tokio Marine Life, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50400

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

Kumpulan Jetson Bhd is an investment holding company. Its business segments are Manufacturing includes in manufacturing and trading of rubber products, moulds and tools, adhesives, sealants, and silicone products; Property development includes Design and build turnkey contractor for civil construction works, general building works, interior works, renovation and restoration works, exhibition works and memorial, and Others; and Hostel management consists Hostel management service. It derives key revenue from the Manufacturing segment. Geographically, the company derives a majority of its revenue from Malaysia.