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IPS Securex Holdings
(SGX:42N)
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Rating:51Neutral
Price Target:
S$0.02
▼(-20.00% Downside)
Action:Reiterated
Date:08/27/26
The score is primarily weighed down by weak cash generation (negative operating cash flow and sustained negative free cash flow) and bearish technicals (price below key moving averages with negative MACD). Offsetting these risks are the FY2026 revenue rebound and a return to modest profitability alongside low leverage, but the recovery still needs to translate into durable, cash-generative performance.
Positive Factors
Revenue and Profit Recovery
The FY2026 rebound shows renewed demand and restored profitability after weaker years. If maintained, stronger revenue and gross profit can improve operating scale, though the recovery still requires validation through consistent future results.
Negative Factors
Persistent Negative Cash Flow
Weak cash conversion is the clearest fundamental risk because reported profitability is not translating into liquidity. Continued working-capital or investment cash demands could require external funding and constrain growth if the pattern persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Recovery
The FY2026 rebound shows renewed demand and restored profitability after weaker years. If maintained, stronger revenue and gross profit can improve operating scale, though the recovery still requires validation through consistent future results.
Read all positive factors
IPS Securex Holdings (42N) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$13.58M
Dividend YieldN/A
Average Volume (3M)128.06K
Price to Earnings (P/E)46.7
Beta (1Y)0.39
Revenue Growth83.79%
EPS GrowthN/A
CountrySG
Employees57
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding486,000,000
10 Day Avg. Volume84,650
30 Day Avg. Volume128,056
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)2.31
Price to Sales (P/S)0.65
P/FCF Ratio-25.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IPS Securex Holdings Business Overview & Revenue Model
Company Description
Established in Singapore in 1986 as a subsidiary of IPS Technologies Pte. Ltd., IPS Securex Holdings Limited specializes in providing integrated security solutions and products. The company caters to a broad clientele, including commercial enterpr...
How the Company Makes Money
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IPS Securex Holdings Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
76
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.74M | 11.28M | 13.69M | 11.54M | 15.77M |
| Gross Profit | 7.29M | 4.14M | 5.78M | 3.68M | 5.77M |
| EBITDA | 714.71K | -1.31M | 312.65K | -1.82M | 907.75K |
| Net Income | 317.40K | -1.48M | 103.64K | -2.01M | 263.45K |
Balance Sheet | |||||
| Total Assets | 14.88M | 9.27M | 11.99M | 12.67M | 16.94M |
| Cash, Cash Equivalents and Short-Term Investments | 2.73M | 2.17M | 3.07M | 6.96M | 8.37M |
| Total Debt | 348.18K | 139.59K | 1.42M | 2.59M | 3.84M |
| Total Liabilities | 9.00M | 3.71M | 4.95M | 5.74M | 7.99M |
| Stockholders Equity | 5.88M | 5.56M | 7.03M | 6.93M | 8.94M |
Cash Flow | |||||
| Free Cash Flow | -527.92K | -508.37K | -3.09M | 1.12M | 751.33K |
| Operating Cash Flow | -104.80K | -363.94K | -3.04M | 1.47M | 846.08K |
| Investing Cash Flow | -423.12K | -142.73K | -52.22K | -341.39K | -11.58K |
| Financing Cash Flow | 1.09M | -353.66K | -786.05K | -2.53M | 879.77K |
IPS Securex Holdings Peers Comparison
UnderperformOutperform
Sector (63)
SG:42N
IPS Securex Holdings
0.03
<0.01
40.00%
SG:43B
Secura Group Ltd.
0.07
>-0.01
-8.45%
SG:5HV
Koh Brothers Eco Engineering Limited
0.08
>-0.01
-1.18%
SG:5WF
ISOTeam Ltd
0.07
-0.02
-25.84%
SG:BN4
Keppel Corporation Limited
11.79
3.49
42.12%
SG:53W
Attika Group Ltd.
0.20
0.05
35.14%
IPS Securex Holdings Corporate Events
IPS Securex unit wins S$1 million data-centre security contract
Jul 28, 2026
IPS Securex Holdings’ wholly-owned subsidiary Securex GS Pte. Ltd. has secured a contract worth approximately S$1 million to install, test, commission and maintain an access control and video surveillance management system at a data centre. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.