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LMS Compliance Limited.
(SGX:LMS)
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Rating:72Outperform
Price Target:
S$0.47
â–²(13.66% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by strong financial performance (solid multi-year growth, high margins, very low leverage, and good cash generation). The rating is held back by only mildly supportive technicals (slightly negative MACD and weak Stochastics despite price above moving averages) and a somewhat rich valuation (P/E ~27) that is only partly offset by the 2.5% dividend yield.
Positive Factors
Consistent Revenue Growth
Sustained multi-year top-line growth through 2025 indicates durable demand for LMS Compliance's services and underpins scalable revenue economics. Persistent growth reduces execution risk, supports reinvestment and capacity expansion, and makes future cash flows more predictable for 2–6 month planning horizons.
Negative Factors
Earnings & FCF Volatility
Past profit swings, including a notable 2022 earnings drop, signal underlying sensitivity to business-cycle, client concentration or execution timing. Such volatility undermines predictability of free cash flow and complicates capital allocation, making sustained margin targets harder to rely on.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained multi-year top-line growth through 2025 indicates durable demand for LMS Compliance's services and underpins scalable revenue economics. Persistent growth reduces execution risk, supports reinvestment and capacity expansion, and makes future cash flows more predictable for 2–6 month planning horizons.
Read all positive factors
LMS Compliance Limited. (LMS) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$54.90M
Dividend Yield2.5%
Average Volume (3M)23.04K
Price to Earnings (P/E)27.1
Beta (1Y)0.09
Revenue Growth38.50%
EPS Growth21.43%
CountrySG
Employees110
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding137,254,010
10 Day Avg. Volume4,710
30 Day Avg. Volume23,036
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)3.44
Price to Sales (P/S)5.03
P/FCF Ratio21.95
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
LMS Compliance Limited. Business Overview & Revenue Model
Company Description
LMS Compliance Ltd. delivers premium quality testing and certification services across a diverse range of Malaysian industries, including food, animal feed, fertilizers, pharmaceuticals, medical devices, general healthcare, industrial operations, ...
LMS Compliance Limited. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.42M | 32.38M | 25.38M | 20.90M | 18.68M | 16.99M |
| Gross Profit | 3.97M | 13.95M | 22.80M | 19.08M | 16.77M | 15.47M |
| EBITDA | 2.11M | 11.66M | 9.28M | 8.91M | 3.70M | 7.76M |
| Net Income | 1.44M | 6.23M | 5.21M | 5.48M | 720.00K | 4.95M |
Balance Sheet | ||||||
| Total Assets | 21.84M | 59.66M | 38.72M | 37.08M | 31.57M | 20.98M |
| Cash, Cash Equivalents and Short-Term Investments | 8.50M | 26.00M | 22.35M | 24.31M | 19.29M | 8.32M |
| Total Debt | 4.07M | 2.35M | 2.50M | 2.70M | 3.00M | 4.18M |
| Total Liabilities | 6.10M | 10.46M | 6.32M | 5.90M | 5.42M | 6.68M |
| Stockholders Equity | 15.74M | 47.28M | 32.39M | 31.18M | 26.16M | 14.31M |
Cash Flow | ||||||
| Free Cash Flow | 316.09K | 7.42M | 3.54M | 4.90M | 1.70M | 4.49M |
| Operating Cash Flow | 488.62K | 8.73M | 6.29M | 6.08M | 2.49M | 5.20M |
| Investing Cash Flow | -312.42K | -2.13M | -6.03M | -965.00K | -419.00K | 2.33M |
| Financing Cash Flow | -157.88K | -4.28M | -4.62M | -948.00K | 9.14M | -7.15M |
LMS Compliance Limited. Technical Analysis
Positive
0.41
Price Trends
0.41
Positive
0.38
Positive
0.37
Positive
Market Momentum
<0.01
Positive
56.39
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:LMS, the sentiment is Positive. The current price of 0.41 is below the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.41, and above the 200-day MA of 0.37, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.39 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:LMS.
LMS Compliance Limited. Peers Comparison
UnderperformOutperform
Sector (63)
SG:LMS
LMS Compliance Limited.
0.43
0.11
32.72%
SG:1E3
Sanli Environmental Ltd.
0.15
-0.05
-23.00%
SG:5CT
Ecowise Holdings Limited
0.02
>-0.01
-34.78%
SG:L23
Enviro-Hub Holdings Ltd.
0.02
>-0.01
-20.00%
SG:LS9
Leader Environmental Technologies Ltd.
0.01
>-0.01
-40.00%
SG:NEX
Reclaims Global Limited
0.22
0.08
60.45%
LMS Compliance Limited. Corporate Events
LMS Compliance Strengthens Board Independence With New Director Appointment
Jun 2, 2026
LMS Compliance Ltd., a Singapore-incorporated company listed on the SGX Catalist board, operates through a group structure and is governed by a mix of independent, executive and non-executive directors. Its Board maintains key governance committee...
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.