iFAST Corporation Ltd (AIY) AI Stock Analysis

• Market Cap: S$2.92B
• Dividend Yield: 0.79%
• Average Volume (3M): 1.20M
• Price to Earnings (P/E): 33.5
• Beta (1Y): 0.89
• Revenue Growth: 29.56%
• EPS Growth: 40.94%
• Country: SG
• Employees: 1,708
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.08
• Shares Outstanding: 304,938,870
• 10 Day Avg. Volume: 1,297,150
• 30 Day Avg. Volume: 1,198,253
• PEG Ratio: 0.24
• Price to Book (P/B): 6.97
• Price to Sales (P/S): 6.50
• P/FCF Ratio: 3.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$12.00
• Price Target Upside: 24.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: S$10.50 ▲(9.26% Upside)

iFAST Corporation Ltd's strong financial performance, characterized by robust revenue growth and profitability, is the most significant factor contributing to its score. The technical analysis indicates a positive trend, although caution is advised due to approaching overbought levels. The valuation suggests the stock may be overvalued, which slightly offsets the positive financial and technical indicators.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and effective business strategies, supporting long-term financial performance.

Profitability Metrics

High profit margins reflect efficient operations and pricing power, contributing to sustainable profitability and competitive advantage.

Balance Sheet Health

A stable balance sheet with low leverage enhances financial flexibility, supporting long-term growth and resilience against market fluctuations.

Negative Factors

Free Cash Flow Decline

Declining free cash flow growth may limit reinvestment opportunities and affect the company's ability to fund future expansions or innovations.

Net Profit Margin Decrease

A decrease in net profit margin could indicate rising costs or pricing pressures, potentially impacting long-term profitability.

Valuation Concerns

Perceived overvaluation can lead to investor caution and potential stock price corrections, affecting capital raising and market perception.

iFAST Corporation Ltd Business Overview & Revenue Model

Company Description

iFAST Corporation Ltd. provides investment products and services in Singapore, Hong Kong, Malaysia, and China. The company operates through Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Business-to-Consumer (B2B2C) divisions. The B2B division operates iFAST Central that includes a range of services, including investment administration and transactions services, research and trainings, IT services, and backroom functions to banks, financial advisory firms, and financial institutions. It also operates iFAST Global Prestige, an investment platform designed to meet the requirements of high net worth individuals, as well as the wealth advisers servicing them; and iFAST Pensions that delivers tax-effective employee benefit solutions to multinational companies and its employees comprising expatriates, as well as assists companies to administer pension schemes for its employees through an Internet platform. In addition, this division operates iFAST Global Markets that provides investors with transparent adviser-assisted wealth management plans. The B2C division offers a distribution and transactional platform for investors through its Fundsupermart.com Website that offers a range of investment products, transparent fees structure, tools to compare investments, customer services support, and research advice. The B2B2C division provides fintech solutions to institutional clients to develop and enhance its capabilities. The company also operates bondsupermart.com, a regional bond information portal that provides bond information and research for investors and wealth advisers. iFAST Corporation Ltd. was incorporated in 2000 and is headquartered in Singapore.

How the Company Makes Money

iFAST generates revenue through multiple streams primarily derived from fees associated with its investment platforms and services. Key revenue sources include transaction fees on trades executed via its platforms, management fees from assets under administration, and subscription fees for premium services. Additionally, the company earns income from partnerships with various financial institutions, enabling it to offer a wider range of investment products. iFAST also benefits from a growing client base and increasing assets under management, which contribute to its overall earnings.

iFAST Corporation Ltd Financial Statement Overview

Summary

iFAST Corporation Ltd exhibits strong financial performance with robust revenue growth, high profitability margins, and effective cash flow management. The balance sheet is stable with moderate leverage, although the rising debt levels should be monitored. The company's financial health is well-positioned to support future growth and operational efficiency.

Income Statement

iFAST Corporation Ltd has demonstrated strong revenue growth with a TTM increase of 6.98% and consistent profitability, evidenced by a high gross profit margin of 57.17% and a solid net profit margin of 19.12%. The EBIT and EBITDA margins are also robust at 34.58% and 42.10% respectively, indicating efficient operations. The company has shown resilience in maintaining growth and profitability over the years.

Balance Sheet

The balance sheet reflects a healthy financial position with a manageable debt-to-equity ratio of 0.43, indicating moderate leverage. The return on equity is strong at 23.79%, showcasing effective use of equity to generate profits. The equity ratio stands at a solid level, suggesting a stable capital structure. However, the increase in total debt over the years requires monitoring.

Cash Flow

Cash flow analysis reveals a significant growth in free cash flow at 35.82% TTM, highlighting strong cash generation capabilities. The operating cash flow to net income ratio of 0.48 and free cash flow to net income ratio of 0.97 indicate efficient cash management. The company has consistently improved its cash flow position, supporting its operational and strategic initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	453.56M	339.48M	256.54M	205.31M	216.20M	169.93M
Gross Profit	272.21M	155.78M	110.85M	115.42M	113.22M	85.86M
EBITDA	175.12M	143.24M	67.12M	37.94M	54.08M	37.98M
Net Income	86.43M	66.63M	28.27M	6.42M	30.63M	21.15M
Balance Sheet
Total Assets	2.44B	1.70B	832.90M	458.54M	224.85M	254.28M
Cash, Cash Equivalents and Short-Term Investments	1.42B	1.06B	460.48M	192.84M	59.29M	53.28M
Total Debt	149.14M	152.56M	59.41M	23.41M	15.18M	19.22M
Total Liabilities	2.07B	1.39B	575.52M	227.82M	97.22M	150.88M
Stockholders Equity	369.62M	316.79M	250.20M	222.49M	128.65M	104.11M
Cash Flow
Free Cash Flow	618.83M	645.66M	251.62M	32.39M	26.97M	29.34M
Operating Cash Flow	647.10M	671.28M	273.45M	47.40M	46.53M	41.56M
Investing Cash Flow	-415.43M	-465.37M	-66.53M	-16.61M	-20.24M	-10.50M
Financing Cash Flow	-31.13M	51.26M	-1.85M	90.91M	-18.88M	-19.18M

iFAST Corporation Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AIY, the sentiment is Positive. The current price of 9.61 is above the 20-day moving average (MA) of 9.51, above the 50-day MA of 9.31, and above the 200-day MA of 8.11, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 58.50 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AIY.

iFAST Corporation Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AIY	71 Outperform	S$2.92B	33.47	24.72%	0.79%	29.56%	40.94%
BBW	69 Neutral	S$360.00M	12.71	70.97%	5.52%	32.76%	54.96%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
E28	61 Neutral	S$623.55M	16.68	9.11%	1.88%	11.57%	0.89%
MZH	56 Neutral	S$371.49M	29.25	3.50%	1.12%	22.66%	83.49%