Financials iFAST Corporation Ltd.

Equities

AIY

SG1AF5000000

Financial Technology (Fintech)

Market Closed - Singapore S.E. 05:08:30 2024-04-26 am EDT 5-day change 1st Jan Change
7.1 SGD +2.31% Intraday chart for iFAST Corporation Ltd. +7.90% -13.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 279.5 817.2 2,326 1,711 2,428 2,116 - -
Enterprise Value (EV) 1 239.3 780.8 2,301 1,587 2,131 1,738 1,643 1,552
P/E ratio 30.1 x 40.2 x 78.7 x 274 x 88.5 x 37.9 x 25.2 x 20 x
Yield 3.03% 1.1% 0.57% 0.82% 0.58% 1.14% 1.46% 1.65%
Capitalization / Revenue 2.23 x 4.81 x 10.8 x 8.34 x 10 x 6.43 x 5.37 x 5.28 x
EV / Revenue 1.91 x 4.59 x 10.6 x 7.73 x 8.79 x 5.28 x 4.17 x 3.88 x
EV / EBITDA 9.84 x 18.8 x 42.3 x 43 x 35.2 x 19.8 x 14.4 x 11.7 x
EV / FCF - 26.6 x - 49 x 8.47 x -9 x 7.81 x 5.93 x
FCF Yield - 3.76% - 2.04% 11.8% -11.1% 12.8% 16.9%
Price to Book 3.1 x 7.85 x 18.1 x 7.69 x 9.7 x 7.2 x 5.93 x 4.66 x
Nbr of stocks (in thousands) 268,732 272,408 276,947 293,046 295,703 297,978 - -
Reference price 2 1.040 3.000 8.400 5.840 8.210 7.100 7.100 7.100
Announcement Date 2/19/20 2/5/21 2/14/22 2/14/23 2/21/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 125.4 169.9 216.2 205.3 242.5 329 394.3 400.3
EBITDA 1 24.33 41.61 54.44 36.93 60.61 87.84 114.1 132.5
EBIT 1 11.18 25.77 36.03 16.12 37.14 59.43 82.89 103.1
Operating Margin 8.91% 15.17% 16.67% 7.85% 15.32% 18.06% 21.02% 25.76%
Earnings before Tax (EBT) 1 11.07 25.39 35.82 10.76 36.58 71.83 97.82 121.4
Net income 1 9.305 21.15 30.63 5.349 28.27 55.33 77.54 92.75
Net margin 7.42% 12.45% 14.17% 2.61% 11.66% 16.82% 19.66% 23.17%
EPS 2 0.0346 0.0746 0.1067 0.0213 0.0928 0.1872 0.2813 0.3545
Free Cash Flow 1 - 29.34 - 32.39 251.6 -193 210.3 261.5
FCF margin - 17.27% - 15.78% 103.74% -58.67% 53.33% 65.32%
FCF Conversion (EBITDA) - 70.51% - 87.71% 415.1% - 184.31% 197.3%
FCF Conversion (Net income) - 138.69% - 605.59% 890.01% - 271.22% 281.94%
Dividend per Share 2 0.0315 0.0330 0.0480 0.0480 0.0480 0.0806 0.1035 0.1175
Announcement Date 2/19/20 2/5/21 2/14/22 2/14/23 2/21/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 54.55 52.53 53.15 52.19 47.44 51.45 51.49 62.24 77.33 61.6 63.56 64.71 69.02 70.14
EBITDA 1 13.17 12.28 8.061 - - - 10.37 17.03 23.82 15.61 16.58 17.47 21.26 21.85
EBIT 1 8.193 7.327 2.867 3.076 2.45 4.035 5.104 11.17 16.83 8.943 9.913 10.8 14.59 15.18
Operating Margin 15.02% 13.95% 5.39% 5.89% 5.16% 7.84% 9.91% 17.95% 21.77% 14.52% 15.6% 16.69% 21.14% 21.64%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS 2 0.0250 0.0190 -0.009200 0.006900 0.004300 0.009900 0.0119 0.0280 0.0432 0.0453 0.0485 0.0514 0.0902 0.0918
Dividend per Share 2 0.0140 0.0100 0.0110 0.0130 0.0140 0.0100 0.0110 0.0130 0.0140 0.0150 0.0150 0.0346 0.0350 0.0350
Announcement Date 2/14/22 4/23/22 7/22/22 10/26/22 2/14/23 4/25/23 7/25/23 10/25/23 2/21/24 - - - - -
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 40.1 36.4 25.8 125 297 378 473 564
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 29.3 - 32.4 252 -193 210 262
ROE (net income / shareholders' equity) 10.9% 21.8% 26.3% 4.52% 13.4% 20.6% 26.9% 26.5%
ROA (Net income/ Total Assets) 5.91% 10.3% 12.8% 1.57% 10.2% 7% 11.9% 12.3%
Assets 1 157.6 205.7 239.6 341.7 278.1 790.5 653.4 754.1
Book Value Per Share 2 0.3400 0.3800 0.4600 0.7600 0.8500 0.9900 1.200 1.520
Cash Flow per Share 2 0.0700 0.1500 0.1600 0.1600 0.9000 0.3200 0.4400 -
Capex 1 11.9 12.2 19.6 15 21.9 25.9 27.9 34.3
Capex / Sales 9.49% 7.19% 9.05% 7.31% 9.02% 7.87% 7.07% 8.57%
Announcement Date 2/19/20 2/5/21 2/14/22 2/14/23 2/21/24 - - -
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
7.1 SGD
Average target price
8.286 SGD
Spread / Average Target
+16.70%
Consensus
  1. Stock Market
  2. Equities
  3. AIY Stock
  4. Financials iFAST Corporation Ltd.