IPS SECUREX HOLDINGS LIMITED (42N) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of IPS SECUREX HOLDINGS LIMITED S$0.02, price S$0.03, upside -13.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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IPS Securex Holdings Limited, through its subsidiaries, provides security products and integrated security solutions to commercial entities, and government bodies and agencies. It operates through two segments, Security Solutions; and Maintenance and Leasing.
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IPS Securex Holdings Limited, through its subsidiaries, provides security products and integrated security solutions to commercial entities, and government bodies and agencies. It operates through two segments, Security Solutions; and Maintenance and Leasing. The company offers security products and integrated security solutions to address various security requirements, including checkpoint security, law enforcement, and the protection and surveillance of buildings and critical infrastructure. It also provides homeland security products, including acoustic hailing devices, cargo scanning systems, CBRNE equipment and solutions, non-lethal countermeasure systems, surveillance radar systems, and vehicle inspection systems. In addition, the company offers general security products, such as access control solutions that prevent unauthorized access and restrict access to sensitive areas; video monitoring solutions for investigation and deterrence of incidents that cause harm, loss, and damage; and mass notification products for public announcement and to evacuate people in emergency situations, as well as other enhancements comprises background music and hearing assistive technology for the hearing impaired. Further, it provides customer, maintenance, project management, repair, technical, and training services, as well as spare parts. The company operates in Singapore, the People's Republic of China, South Korea, Japan, Myanmar, Thailand, Laos, Cambodia, Vietnam, Malaysia, Brunei, Indonesia, the Philippines, Timor-Leste, and internationally. IPS Securex Holdings Limited was founded in 1986 and is headquartered in Singapore. IPS Securex Holdings Limited is a subsidiary of IPS Technologies Pte. Ltd.
Stock analysis
IPS SECUREX HOLDINGS LIMITED (42N) currently trades at 0.0270 SGD, while our model-based Fair Value estimate is 0.0235 SGD, 13.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
IPS SECUREX HOLDINGS LIMITED reported revenue of 11.3M SGD in FY2025 versus 8.7M SGD in FY2021, a compound +6.7%/yr. Reported net income was −1.5M SGD in FY2025.
Key figures
Market cap 13.1M SGD (≈ $10.2M) · P/S ratio 0.85 · Net margin −13.1% · Return on equity −5.6% · Return on assets (EBIT) −5.5% · Operating margin 3.3% · Revenue (TTM) 16.1M SGD · Revenue growth (YoY) +93.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −13%, 42N screens richer than that median.
Fair Value models
Bear 0.0235 SGDFair Value 0.0235 SGDBull 0.0235 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.2%
Start year 2020 (pandemic). Over 10 years: −3.2% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
12.1% (2020) → −13.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer Groupⓘ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.Security & Protection Services · 108 stocks
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Is IPS SECUREX HOLDINGS LIMITED (42N) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.0235 SGD versus a price of 0.0270 SGD, about −13% upside (overvalued).
What is the fair value of 42N?
Our model-based fair value for IPS SECUREX HOLDINGS LIMITED is 0.0235 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.0270 SGD.
What is the quality score of 42N?
IPS SECUREX HOLDINGS LIMITED has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IPS SECUREX HOLDINGS LIMITED (42N)?
Our model-based price target is the fair value of 0.0235 SGD (as of Sep 27, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the IPS SECUREX HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 0.0235 SGD, about −13% upside versus a price of 0.0270 SGD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of IPS SECUREX HOLDINGS LIMITED (42N)?
IPS SECUREX HOLDINGS LIMITED reported trailing-twelve-month revenue of about 16.1M SGD (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of IPS SECUREX HOLDINGS LIMITED (42N)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IPS SECUREX HOLDINGS LIMITED it is 0.0235 SGD per share (as of Sep 27, 2026), against a price of 0.0270 SGD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is IPS SECUREX HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 42N trades above its calculated fair value: price 0.0270 SGD, fair value 0.0235 SGD, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 42N?
No. The price is what the market pays today (0.0270 SGD); the fair value is what the company's own numbers justify (0.0235 SGD). For IPS SECUREX HOLDINGS LIMITED the two are 0.0035 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is IPS SECUREX HOLDINGS LIMITED worth?
The market values IPS SECUREX HOLDINGS LIMITED at about 13.1M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.0270 SGD; our models calculate a fair value of 0.0235 SGD per share.
How solid is the balance sheet of IPS SECUREX HOLDINGS LIMITED (42N)?
Balance-sheet figures for IPS SECUREX HOLDINGS LIMITED (as of Sep 27, 2026): return on equity −5.6%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 42N from its 52-week high?
IPS SECUREX HOLDINGS LIMITED trades at 0.0270 SGD, about 41% below its 52-week high of 0.0460 SGD and 17% above the low of 0.0230 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0235 SGD is for.
Which stocks are comparable to IPS SECUREX HOLDINGS LIMITED?
From the same area (Industrials) we also value Allegion plc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, ADT Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IPS SECUREX HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.0270 SGD, calculated fair value 0.0235 SGD (−13%), Quality Score 53/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 42N calculated?
We run IPS SECUREX HOLDINGS LIMITED through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.0235 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. IPS SECUREX HOLDINGS LIMITED itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IPS SECUREX HOLDINGS LIMITED (42N)?
The closing price on Oct 1, 2026 was 0.0270 SGD. Our model-based fair value is 0.0235 SGD, about −13% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IPS SECUREX HOLDINGS LIMITED right now?
The price sits above even our optimistic bull case (0.0235 SGD). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of IPS SECUREX HOLDINGS LIMITED
How large is the market capitalisation of IPS SECUREX HOLDINGS LIMITED (42N)?
The market capitalisation of IPS SECUREX HOLDINGS LIMITED is 13.1M SGD (≈ $10.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IPS SECUREX HOLDINGS LIMITED (42N)?
The price-to-sales ratio of IPS SECUREX HOLDINGS LIMITED is 0.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of IPS SECUREX HOLDINGS LIMITED (42N)?
The net margin of IPS SECUREX HOLDINGS LIMITED is −13.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IPS SECUREX HOLDINGS LIMITED (42N)?
The return on equity (ROE) of IPS SECUREX HOLDINGS LIMITED is −5.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IPS SECUREX HOLDINGS LIMITED (42N)?
On an EBIT basis the return on assets of IPS SECUREX HOLDINGS LIMITED is −5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IPS SECUREX HOLDINGS LIMITED (42N)?
The operating margin of IPS SECUREX HOLDINGS LIMITED is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IPS SECUREX HOLDINGS LIMITED (42N)?
Revenue at IPS SECUREX HOLDINGS LIMITED is growing +93.5% versus a year earlier (3y avg −10.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IPS SECUREX HOLDINGS LIMITED (42N)?
Earnings per share at IPS SECUREX HOLDINGS LIMITED are growing −84.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IPS SECUREX HOLDINGS LIMITED (42N) generate?
The free cash flow of IPS SECUREX HOLDINGS LIMITED is −508K SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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