AIY Stock Analysis: iFAST Pte | SG
Software - Application | SG, Singapore | Market Cap: 2.709m SGD | 12M Return: -5.1% | SG1AF5000000 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.1M
EPS Trend: 94.5%
Qual. Beats: 1
Rev. Trend: 99.2%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
iFAST Corporation is a Singapore-headquartered digital banking and wealth management platform that operates across Singapore, Hong Kong, Malaysia, China, and the United Kingdom. The company provides a suite of products spanning a multi-product transactional platform (FSM One) for self-directed investors, adviser-assisted wealth management services, a licensed bank (iFAST Global Bank) offering global banking connectivity, pension administration solutions, a bond marketplace (bondsupermart), and AI-powered tools such as iFAST Global HUB.AI. Its clients range from retail investors and high net worth individuals to financial advisers, corporates, and institutional partners.
Notably, although iFASTs business is rooted in financial services, it is classified under the Information Technology / Application Software segment, reflecting its platform-based, software-driven business model. The company serves both B2C (direct investor) and B2B (adviser, institutional, and corporate) channels, which is a common structure for Asia-based fintech platforms seeking scale across fragmented regional wealth management markets.
- Hong Kong and Malaysia AUM growth lifts recurring fee revenue
- iFAST Global Bank net interest margins sensitive to rate cuts
- Competition intensifies from digital banks and robo-advisors across region
| Net Income: 112.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA -17.35 > 1.0 |
| NWC/Revenue: 22.80% < 20% (prev 27.50%; Δ -4.70% < -1%) |
| CFO/TA 0.19 > 3% & CFO 551.7m > Net Income 112.9m |
| Net Debt (-288.7m) to EBITDA (205.9m): -1.40 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (304.5m) vs 12m ago 1.51% < -2% |
| Gross Margin: 62.03% > 18% (prev 54.75%; Δ 7.27% > 0.5%) |
| Asset Turnover: 22.02% > 50% (prev 16.53%; Δ 5.49% > 0%) |
| Interest Coverage Ratio: 3.02 > 6 (EBIT TTM 168.9m / Interest Expense TTM 55.9m) |
| A: 0.04 (Total Current Assets 2.15b - Total Current Liabilities 2.02b) / Total Assets 2.90b |
| B: 0.08 (Retained Earnings 226.6m / Total Assets 2.90b) |
| C: 0.07 (EBIT TTM 168.9m / Avg Total Assets 2.59b) |
| D: 0.18 (Book Value of Equity 443.8m / Total Liabilities 2.45b) |
| Altman-Z'' = 1.18 = BB |
| DSRI: 1.15 (Receivables 621.3m/358.8m, Revenue 570.2m/377.4m) |
| GMI: 0.88 (GM 54.75% / 62.03%) |
| AQI: 1.38 (AQ_t 0.23 / AQ_t-1 0.17) |
| SGI: 1.51 (Revenue 570.2m / 377.4m) |
| TATA: -0.15 (NI 112.9m - CFO 551.7m) / TA 2.90b) |
| Beneish M = -2.44 (Cap -4..+1) = BBB |
As of August 15, 2026, the stock is trading at SGD 8.92 with a total of 413,800 shares traded. Over the past week, the price has changed by +0.34%, over one month by -3.67%, over three months by +4.11% and over the past year by -5.14%.
Current recommended Stop Loss: 8.60 (which is 3.6% or 1.8 ATR below the current price).
iFAST Pte has no consensus analysts rating.
P/E Trailing = 23.3947
P/E Forward = 21.8818
P/S = 4.4853
P/B = 6.1048
P/EG = 1.0734
Revenue TTM = 570.2m SGD
EBIT TTM = 168.9m SGD
EBITDA TTM = 205.9m SGD
Long Term Debt = 218.7m SGD (from longTermDebt, last quarter)
Short Term Debt = 15.4m SGD (from shortLongTermDebt, last quarter)
Debt = 64.5m SGD (Leases only: 64.5m)
Net Debt = -288.7m SGD (calculated: Debt 64.5m - CCE 353.1m)
Enterprise Value = 2.42b SGD (2.71b + Debt 64.5m - CCE 353.1m)
Interest Coverage Ratio = 3.02 (Ebit TTM 168.9m / Interest Expense TTM 55.9m)
EV/FCF = 4.65x (Enterprise Value 2.42b / FCF TTM 520.6m)
FCF Yield = 21.51% (FCF TTM 520.6m / Enterprise Value 2.42b)
FCF Margin = 91.30% (FCF TTM 520.6m / Revenue TTM 570.2m)
Net Margin = 19.80% (Net Income TTM 112.9m / Revenue TTM 570.2m)
Gross Margin = 62.03% ((Revenue TTM 570.2m - Cost of Revenue TTM 216.5m) / Revenue TTM)
Gross Margin QoQ = 75.73% (prev 51.33%)
Tobins Q-Ratio = 0.84 (Enterprise Value 2.42b / Total Assets 2.90b)
Interest Expense / Debt = 86.75% (Interest Expense 55.9m / Debt 64.5m)
Taxrate = 14.87% (19.7m / 132.5m)
NOPAT = 143.8m (EBIT 168.9m * (1 - 14.87%))
Current Ratio = 1.06 (Total Current Assets 2.15b / Total Current Liabilities 2.02b)
Debt / Equity = 0.15 (Debt 64.5m / totalStockholderEquity, last quarter 443.8m)
Debt / EBITDA = -1.40 (Net Debt -288.7m / EBITDA 205.9m)
Debt / FCF = -0.55 (Net Debt -288.7m / FCF TTM 520.6m)
Total Stockholder Equity = 404.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.36% (Net Income 112.9m / Total Assets 2.90b)
RoE = 27.94% (Net Income TTM 112.9m / Total Stockholder Equity 404.0m)
RoCE = 27.12% (EBIT 168.9m / Capital Employed (Equity 404.0m + L.T.Debt 218.7m))
RoIC = 16.94% (NOPAT 143.8m / Invested Capital 848.5m)
WACC = 8.25% (E(2.71b)/V(2.77b) * Re(8.45%) + (debt cost/tax rate unavailable))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 74.78 | Cagr: 3.25%
[DCF] Terminal Value 73.10% ; FCFF base≈634.9m ; Y1≈556.8m ; Y5≈449.8m
[DCF] Fair Price = 24.64 (EV 7.22b - Net Debt -288.7m = Equity 7.51b / Shares 304.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 94.53 | EPS CAGR: 82.44% | SUE: 1.01 | # QB: 1
Revenue Correlation: 99.21 | Revenue CAGR: 44.06% | SUE: 1.65 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.10 | Chg30d=-6.84% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.40 | Chg30d=-3.25% | Revisions=-25% | GrowthEPS=+23.2% | GrowthRev=+21.0%
EPS next Year (2027-12-31): EPS=0.49 | Chg30d=-1.39% | Revisions=-25% | GrowthEPS=+22.4% | GrowthRev=+10.1%
[Analyst] Revisions Ratio: -50% (up=0, down=3)