IPS SECUREX HOLDINGS LIMITED (42N) Fair Value & Analysis
Industrials · SG · Market cap 13.6M SGD
Fair value as of: Aug 16, 2026
From 3 valuation models · updated 2 days ago
Fair value updated Aug 16, 2026, revised from 0.0251 SGD to 0.0244 SGD (−2.8%) since Aug 9, 2026. Share price +12.5% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- The models converge in a tight band (0.0244 SGD to 0.0270 SGD), unusually little disagreement for a valuation.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
60‑month range 0.0070 SGD – 0.0760 SGD · fair‑value band 0.0244 SGD – 0.0270 SGD · the 0.0270 SGD price screens above the 0.0244 SGD fair value. Dashed = 300-day average. As of Aug 16, 2026.
Analysis
IPS SECUREX HOLDINGS LIMITED (42N) currently trades at 0.0270 SGD, while our model-based Fair Value estimate is 0.0244 SGD, implying the stock looks roughly 9.6% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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: low).
Over the trailing twelve months, IPS SECUREX HOLDINGS LIMITED generated revenue of 16.1M SGD at a net margin of -2.1%. Revenue grew 93.5% year over year. It earns a return on equity of -5.6%. Fundamentals as of Aug 16, 2026
Our scenario range runs from 0.0244 SGD (bear case) to 0.0270 SGD (bull case); at 0.0270 SGD, 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 49% below its 52-week high and 286% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at -10%, 42N screens richer 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.
All 3 models by family
Widest divergence: Dividend Discount (0.0200 SGD) versus Asset-Based (0.0100 SGD). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
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Peer Group
Security & Protection Services · 112 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 Security & Protection 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.
VALUE 0: the price sits above our fair-value range.
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.
Similar stocks
10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASSA ABLOY AB ASSAB | kr 360.50 | kr 269.97 | -25% |
| Verisure plc VSURE | €9.33 | €12.40 | +33% |
| Allegion plc ALLE | $166.11 | $127.80 | -23% |
| Securitas AB SECUB | kr 147.90 | kr 186.34 | +26% |
| Zhejiang Dahua Technology Co 002236 | ¥16.46 | ¥31.47 | +91% |
| MSA Safety Incorporated MSA | $192.04 | $116.42 | -39% |
| ADT Inc ADT | $7.31 | $16.68 | +128% |
| The Brink's Company BCO | $113.96 | $121.18 | +6% |
| Brady Corporation BRC | $95.12 | $72.32 | -24% |
| The GEO Group GEO | $31.45 | $25.50 | -19% |
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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.
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