LGMS Berhad (0249) Fair Value & Analysis

Technology · MY · Market cap 210M MYR

A solid business, but screening 13% overvalued on our models.

What matters now

• Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from 0.3400 MYR (bear) to 0.5600 MYR (bull), base 0.4500 MYR. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 64/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (4 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

50‑month range 0.4250 MYR – 1.72 MYR · fair‑value band 0.3400 MYR – 0.5600 MYR · the 0.5200 MYR price screens above the 0.4500 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

LGMS Berhad (0249) currently trades at 0.5200 MYR, while our model-based Fair Value estimate is 0.4500 MYR, implying the stock looks roughly 13.5% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, LGMS Berhad generated revenue of 46.8M MYR at a net margin of 22.4%. Revenue grew 10.8% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of 73.2M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.3400 MYR (bear case) to 0.5600 MYR (bull case); at 0.5200 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -13%, 0249 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (0.4400 MYR) versus Dividend Discount (0.0600 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

LGMS Berhad provides cybersecurity services in Malaysia and internationally. It operates through Cyber Risk Prevention, Cyber Risk Management and Compliance, and Cyber Threat and Incident Response segments.

Full company description

LGMS Berhad provides cybersecurity services in Malaysia and internationally. It operates through Cyber Risk Prevention, Cyber Risk Management and Compliance, and Cyber Threat and Incident Response segments. The company offers penetration testing services, including vulnerability assessment and penetration testing, web application and services penetration testing, mobile application penetration testing, source code review, wireless network penetration testing, CREST penetration testing, red team engagement, intelligence LED penetration testing, social engineering with physical and logical attack, cyber drill stimulation, and IoT device and SST security assessments. It also provides forensics services, such as digital forensics and computer crime investigations; cyber security incident response; and compromise assessment. In addition, the company offers compliance services, such as PCI DSS consulting; PCI DSS official ASV scanning; ISO 27001:2022 consultancy; cyber security governance and compliance consultancy; SWIFT security assessment; security posture assessment; ISO/IEC 15408:2009 common criteria consulting and advisory; national cyber security compliance advisory; and TISAX assessment and advisory, as well as technology risk management kit. Further, it provides information technology (IT) consultation, services, and technical assistance; IT security training and certification courses; and internet security services, as well as trades in related software, and operates as an insurance agent. LGMS Berhad was founded in 2005 and is headquartered in Subang Jaya, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LGMS Berhad reported revenue of 43.9M MYR in FY2025 versus 28.3M MYR in FY2021, a compound +11.6%/yr. Reported net income was 10.2M MYR in FY2025, compounding −0.3%/yr from FY2021.

0249 screens 13% overvalued. Compare with International Business Machines Corporation →

Peer Group

Information Technology Services · 475 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Information Technology Services median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.