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STOCK COMPARISON

ITMAX System Berhad vs Verisure: Fair Value & Quality

Both stocks run through our valuation models. Here is how ITMAX System Berhad (5309) and Verisure (VSURE) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Verisure as the more attractively valued of the two: ITMAX System Berhad trades at MYR 4.39 versus a fair value of MYR 2.53 (-42%), while Verisure trades at SEK 8.13 versus SEK 9.89 (+22%).
ITMAX System Berhad
5309.KLSE · MYR · Information Technology
-42%
upside to fair value
overvalued
PriceMYR 4.39
Fair ValueMYR 2.53
Quality54/100
Verisure
VSURE.ST · SEK · Industrials
+22%
upside to fair value
undervalued
PriceSEK 8.13
Fair ValueSEK 9.89
Quality44/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ITMAX System BerhadVerisure
Valuation
48.8×P/E (TTM)n/a
4.34×P/S (TTM)3.16×
2.29×P/B1.39× · book value is mostly goodwill
6.6×EV/EBITDA12.7×
1.05×PEGn/a
−42.4%Fair value upside+21.7%
0.5%Dividend yieldn/a
MYR 0.02Dividend per sharen/a
Profitability
55%Operating margin12%
1.41×EBIT margin trend (5Y)1.74×
23%Return on equity-2%
15%Return on assets1%
Growth
30%Revenue growth (YoY)11%
32.0%Avg. growth/yr (3Y)9.8%
39.0%Avg. growth/yr (5Y)n/a
−50.9%Value creation/yrn/a
Balance & size
63.1×Interest coverage (EBIT/interest)0.8×
0.02×Debt / equity0.55×
$1BMarket cap$12B
expensiveGrowth qualityexpensive
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

ITMAX System Berhad leads: 5 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ITMAX System Berhadof which business quality 55 · market factors 47 Verisureof which business quality 43 · market factors 22
ProfitabilityMargins and returns on capital today
66
10
Quality GrowthAre margins and returns improving?
67
51
CashflowEarnings quality: real cash, not paper profit
33
49
Fin. StrengthBalance sheet, leverage, solvency risk
92
31
InvestmentDisciplined investing over empire-building
6
49
Low VolatilityCalm price path (market factor)
86
33
MomentumPrice trend over the last 3–12 months (market factor)
34
28
52W MomentumDistance to the 52-week high (market factor)
27
0
Net IssuanceShare count: buybacks or dilution?
41
86

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyITMAX System BerhadPrice MYR 4.39VerisurePrice SEK 8.13
DCF Models-94%below the priceMYR 0.27+4%close to the priceSEK 8.47
Earnings-Based-28%below the priceMYR 3.16n/a
Dividend Discount-98%below the priceMYR 0.08n/a
Multiples-54%below the priceMYR 2.03-21%below the priceSEK 6.46
Asset-Based-93%below the priceMYR 0.32-30%below the priceSEK 5.68
Growth DCFn/a-39%below the priceSEK 4.99
Economic Profit-74%below the priceMYR 1.13n/a
Growth Earnings+4%close to the priceMYR 4.56n/a
Minimum-98%below the priceMYR 0.08-39%below the priceSEK 4.99
Maximum+4%close to the priceMYR 4.56+4%close to the priceSEK 8.47
Median-74%below the priceMYR 1.13-25%below the priceSEK 6.07
Geometric mean-82%below the priceMYR 0.81-23%below the priceSEK 6.28

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

ITMAX System Berhad: 16 of 17 models see the stock below the current price.

Verisure: 5 of 10 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

ITMAX System Berhad
Price MYR 4.39
Fair Value MYR 2.53
Bear MYR 1.89Bull MYR 3.16
Verisure
Price SEK 8.13
Fair Value SEK 9.89
Bear SEK 5.55Bull SEK 19.53

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ITMAX System Berhad · Information Technology

Quality score54 · below median
Fair value upside-42% · below median

Verisure · Industrials

Quality score44 · below median
Fair value upside+22% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Verisure as the more attractively valued of the two: ITMAX System Berhad trades at MYR 4.39 versus a fair value of MYR 2.53 (-42%), while Verisure trades at SEK 8.13 versus SEK 9.89 (+22%).

ITMAX System Berhad has the higher quality score (54/100).

Open Verisure live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.