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iFAST

SGX:AIY
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AIY
SGX
SGD210M
Market Cap
  1. Home
  2. SG
  3. Diversified Financials
Company description

iFAST Corporation Ltd. provides investment products and services in Singapore, Hong Kong, Malaysia, and China. The last earnings update was 47 days ago. More info.


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  • iFAST has significant price volatility in the past 3 months.
AIY Share Price and Events
7 Day Returns
-1.9%
SGX:AIY
0.3%
SG Capital Markets
-4.8%
SG Market
1 Year Returns
-30.4%
SGX:AIY
15.9%
SG Capital Markets
-29%
SG Market
AIY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iFAST (AIY) -1.9% -22% -27.1% -30.4% 14.7% -38.1%
SG Capital Markets 0.3% 0.1% 2.8% 15.9% 12.9% 3.2%
SG Market -4.8% -20.7% -27.1% -29% -29.7% -33.9%
1 Year Return vs Industry and Market
  • AIY underperformed the Capital Markets industry which returned 15.9% over the past year.
  • AIY underperformed the Market in Singapore which returned -29% over the past year.
Price Volatility
AIY
Industry
5yr Volatility vs Market

Value

 Is iFAST undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of iFAST to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for iFAST.

SGX:AIY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SGD0.32 * 10.6%
SGD0.03
Book Value of Equity per Share Median Book Value from the past 5 years. SGD0.32
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year SG Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:AIY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.744 (1 + (1- 17%) (9.02%))
0.865
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (0.865 * 5.44%)
6.46%

Discounted Cash Flow Calculation for SGX:AIY using Excess Returns Model Model

The calculations below outline how an intrinsic value for iFAST is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SGX:AIY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.6% – 6.46%) * SGD0.32)
SGD0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SGD0.01 / (6.46% - 1.75%)
SGD0.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SGD0.32 + SGD0.28
SGD0.6
SGX:AIY Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.60
Current discount Discount to share price of SGD0.78
= -1 x (SGD0.78 - SGD0.60) / SGD0.60
-31%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of iFAST is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for iFAST's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iFAST's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:AIY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SGD SGD0.04
SGX:AIY Share Price ** SGX (2020-04-06) in SGD SGD0.78
Singapore Capital Markets Industry PE Ratio Median Figure of 5 Publicly-Listed Capital Markets Companies 13.43x
Singapore Market PE Ratio Median Figure of 389 Publicly-Listed Companies 10.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of iFAST.

SGX:AIY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:AIY Share Price ÷ EPS (both in SGD)

= 0.78 ÷ 0.04

21.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iFAST is overvalued based on earnings compared to the SG Capital Markets industry average.
  • iFAST is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does iFAST's expected growth come at a high price?
Raw Data
SGX:AIY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
9.5%per year
Asia Capital Markets Industry PEG Ratio Median Figure of 59 Publicly-Listed Capital Markets Companies 1.52x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 0.95x

*Line of best fit is calculated by linear regression .

SGX:AIY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.98x ÷ 9.5%

2.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iFAST is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on iFAST's assets?
Raw Data
SGX:AIY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SGD SGD0.34
SGX:AIY Share Price * SGX (2020-04-06) in SGD SGD0.78
Singapore Capital Markets Industry PB Ratio Median Figure of 8 Publicly-Listed Capital Markets Companies 0.6x
Singapore Market PB Ratio Median Figure of 614 Publicly-Listed Companies 0.58x
SGX:AIY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:AIY Share Price ÷ Book Value per Share (both in SGD)

= 0.78 ÷ 0.34

2.33x

* Primary Listing of iFAST.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iFAST is overvalued based on assets compared to the SG Capital Markets industry average.
X
Value checks
We assess iFAST's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. iFAST has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is iFAST expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iFAST expected to grow at an attractive rate?
  • iFAST's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • iFAST's earnings growth is expected to exceed the Singapore market average.
  • iFAST's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:AIY Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:AIY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 9.5%
SGX:AIY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.6%
Asia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Asia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 4.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:AIY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:AIY Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 146 21 12 1
2020-12-31 135 21 10 1
2020-04-06
SGX:AIY Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-12-31 125 19 10
2019-09-30 120 20 9
2019-06-30 117 16 9
2019-03-31 117 20 10
2018-12-31 121 18 11
2018-09-30 121 19 10
2018-06-30 116 19 9
2018-03-31 110 11 9
2017-12-31 101 13 8
2017-09-30 95 9 7
2017-06-30 89 7 7
2017-03-31 84 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • iFAST's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • iFAST's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:AIY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from iFAST Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:AIY Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.04 0.04 0.04 1.00
2020-12-31 0.04 0.04 0.04 1.00
2020-04-06
SGX:AIY Past Financials Data
Date (Data in SGD Millions) EPS *
2019-12-31 0.04
2019-09-30 0.03
2019-06-30 0.03
2019-03-31 0.04
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • iFAST is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess iFAST's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
iFAST has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has iFAST performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare iFAST's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • iFAST's year on year earnings growth rate has been positive over the past 5 years.
  • iFAST's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • iFAST's 1-year earnings growth is negative, it can't be compared to the SG Capital Markets industry average.
Earnings and Revenue History
iFAST's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from iFAST Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:AIY Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 125.41 9.52 0.68
2019-09-30 119.58 9.14 -4.35
2019-06-30 117.19 9.28 -2.78
2019-03-31 117.47 9.76 -1.29
2018-12-31 121.24 10.91
2018-09-30 121.43 10.09 0.21
2018-06-30 116.29 9.49 0.21
2018-03-31 110.03 8.65 0.06
2017-12-31 101.17 7.70
2017-09-30 94.54 7.05 0.50
2017-06-30 89.31 6.95 0.28
2017-03-31 84.02 6.00 1.50
2016-12-31 80.60 5.45
2016-09-30 79.78 7.16 4.20
2016-06-30 79.32 8.20 2.76
2016-03-31 83.13 10.34 -1.28
2015-12-31 85.34 12.10
2015-09-30 84.36 10.19 -3.06
2015-06-30 85.90 10.20 -2.02
2015-03-31 81.73 9.55 0.27
2014-12-31 78.35 8.56
2014-09-30 75.38 9.88 3.06
2013-12-31 69.47 7.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • iFAST has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • iFAST used its assets more efficiently than the SG Capital Markets industry average last year based on Return on Assets.
  • iFAST has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess iFAST's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
iFAST has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is iFAST's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up iFAST's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iFAST is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • iFAST's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of iFAST's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 27.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from iFAST Company Filings, last reported 3 months ago.

SGX:AIY Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 89.64 3.81 43.96
2019-09-30 88.37 10.37 51.74
2019-06-30 86.81 10.11 52.57
2019-03-31 87.90 13.61 61.49
2018-12-31 85.35 37.35 91.13
2018-09-30 84.34 9.97 58.04
2018-06-30 83.12 0.00 49.03
2018-03-31 83.83 0.00 45.35
2017-12-31 81.25 0.00 61.41
2017-09-30 80.45 0.00 49.23
2017-06-30 79.39 0.00 52.45
2017-03-31 80.54 0.00 55.31
2016-12-31 78.60 0.00 57.46
2016-09-30 78.31 0.00 57.01
2016-06-30 77.10 0.00 58.08
2016-03-31 77.32 0.00 58.85
2015-12-31 76.56 0.00 65.31
2015-09-30 75.07 0.00 62.07
2015-06-30 73.31 0.00 61.63
2015-03-31 73.69 0.00 63.34
2014-12-31 66.91 0.00 59.85
2014-09-30 18.74 0.00 17.72
2013-12-31 24.62 0.00 18.50
  • iFAST's level of debt (4.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if iFAST's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (509.2%, greater than 20% of total debt).
  • iFAST earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess iFAST's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. iFAST has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is iFAST's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.04%
Current annual income from iFAST dividends. Estimated to be 4.06% next year.
If you bought SGD2,000 of iFAST shares you are expected to receive SGD81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • iFAST's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (3.28%).
  • iFAST's dividend is below the markets top 25% of dividend payers in Singapore (7.15%).
Upcoming dividend payment

Purchase iFAST before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:AIY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Singapore Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 5.7%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.8%
Singapore Bottom 25% Dividend Yield 25th Percentile 3.3%
Singapore Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:AIY Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.03 1.00
2020-12-31 0.03 1.00
2020-04-06
SGX:AIY Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.032 3.544
2019-02-19 0.032 2.967
2018-04-18 0.030 2.767
2017-02-17 0.028 3.161
2016-04-08 0.030 3.191
2015-03-26 0.054 3.967
2015-02-11 0.054 4.101

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iFAST has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • iFAST has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of iFAST's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess iFAST's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can iFAST afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. iFAST has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of iFAST's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chung Lim
COMPENSATION SGD657,336
AGE 51
CEO Bio

Mr. Chung Chun Lim serves as the Chief Executive Officer of iFAST Corporation Ltd., and iFAST Corporation Private Limited, holding companies of iFAST Platform Services (HK) Limited. Mr. Lim is the Founder of Fundsupermart.com Pte. Ltd. In 1999, Mr. Lim founded a boutique fund management company, Accretion Asset Management Pte. Ltd. He served as Head of Research at ING Barings Securities Pte Ltd. He serves as an Executive Chairman of iFAST Corporation Ltd., and has been its Director since September 11, 2000. Mr. Lim holds a Bachelor of Engineering in Electrical Engineering from the National University of Singapore in 1991.

CEO Compensation
  • Chung's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Chung's remuneration is higher than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the iFAST management team in years:

4.2
Average Tenure
48.5
Average Age
  • The tenure for the iFAST management team is about average.
Management Team

Chung Lim

TITLE
Executive Chairman & CEO
COMPENSATION
SGD657K
AGE
51

Dennis Goh

TITLE
Director of IT Applications & Executive Director
COMPENSATION
SGD402K
TENURE
3 yrs

David Leung

TITLE
Chief Financial Officer
AGE
50

Wong Shyan

TITLE
Group Chief Operating Officer
AGE
53

Wee Kiong Lim

TITLE
Managing Director of Platform Services - Singapore
AGE
47
TENURE
4.2 yrs

Dennis Tan

TITLE
Managing Director of iFAST Malaysia Sdn Bhd
AGE
41

Kelvin Yip

TITLE
Managing Director of Platform Services at iFAST Hong Kong
COMPENSATION
SGD383K
AGE
44
TENURE
6 yrs

Hon Moh

TITLE
Director of Fintech Media & Co-Founder of iFAST Singapore
TENURE
2.3 yrs

Chan Yin

TITLE
Company Secretary

Pay Lee

TITLE
Company Secretary
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the iFAST board of directors in years:

4.3
Average Tenure
51
Average Age
  • The tenure for the iFAST board of directors is about average.
Board of Directors

Dennis Goh

TITLE
Director of IT Applications & Executive Director
COMPENSATION
SGD402K
TENURE
2.3 yrs

Matthias Yao

TITLE
Lead Independent Director
COMPENSATION
SGD100K
AGE
63

Chung Lim

TITLE
Executive Chairman & CEO
COMPENSATION
SGD657K
AGE
51

Peter Ng

TITLE
Independent Director
COMPENSATION
SGD92K
AGE
66
TENURE
6.3 yrs

Chee Wai Kok

TITLE
Independent Director
COMPENSATION
SGD83K
AGE
51
TENURE
6.3 yrs

Wee Lim

TITLE
Non-Independent Non-Executive Director
COMPENSATION
SGD42K
AGE
51
TENURE
16 yrs

David Toh

TITLE
Independent Director
COMPENSATION
SGD42K
AGE
52
TENURE
2 yrs

Janice Wu

TITLE
Non-Independent Non-Executive Director
COMPENSATION
SGD29K
AGE
50
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by iFAST individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
30. Mar 20 Buy Chung Lim Individual 30. Mar 20 30. Mar 20 30,000 SGD0.79 SGD23,850
23. Mar 20 Buy Accretion Investments Pte Ltd Company 20. Mar 20 23. Mar 20 89,000 SGD0.78 SGD67,728
18. Mar 20 Buy Chung Lim Individual 17. Mar 20 18. Mar 20 87,600 SGD0.82 SGD71,259
13. Mar 20 Buy Chung Lim Individual 12. Mar 20 12. Mar 20 169,800 SGD0.92 SGD156,419
24. Feb 20 Buy Chung Lim Individual 21. Feb 20 24. Feb 20 51,000 SGD1.04 SGD52,709
23. Dec 19 Buy Chung Lim Individual 23. Dec 19 23. Dec 19 54,300 SGD1.04 SGD56,429
12. Dec 19 Buy Chung Lim Individual 11. Dec 19 12. Dec 19 59,800 SGD1.03 SGD61,430
06. Dec 19 Buy Chung Lim Individual 05. Dec 19 06. Dec 19 126,600 SGD1.02 SGD128,844
07. Nov 19 Buy Albizia Capital Pte Ltd Company 06. Nov 19 06. Nov 19 300,000 SGD1.03 SGD308,910
04. Nov 19 Buy Chung Lim Individual 01. Nov 19 04. Nov 19 145,000 SGD1.02 SGD148,491
19. Sep 19 Buy Chung Lim Individual 18. Sep 19 19. Sep 19 138,400 SGD1.00 SGD138,431
02. May 19 Buy Chung Lim Individual 02. May 19 02. May 19 50,000 SGD1.11 SGD55,500
30. Apr 19 Buy Chung Lim Individual 29. Apr 19 29. Apr 19 50,000 SGD1.11 SGD55,500
X
Management checks
We assess iFAST's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. iFAST has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should We Worry About iFAST Corporation Ltd.'s (SGX:AIY) P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at iFAST Corporation Ltd.'s (SGX:AIY) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for iFAST: P/E of 29.65 = SGD1.03 ÷ SGD0.035 (Based on the year to June 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Dividend Investors: Don't Be Too Quick To Buy iFAST Corporation Ltd. (SGX:AIY) For Its Upcoming Dividend

iFAST's next dividend payment will be S$0.0075 per share, and in the last 12 months, the company paid a total of S$0.032 per share. … iFAST's dividend payments per share have declined at 13% per year on average over the past 4 years, which is uninspiring. … While it's not great that earnings and dividends per share have fallen in recent years, we're encouraged by the fact that management has trimmed the dividend rather than risk over-committing the company in a risky attempt to maintain yields to shareholders.

Simply Wall St -

Our Take On iFAST Corporation Ltd.'s (SGX:AIY) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for iFAST How Does Chung Lim's Compensation Compare With Similar Sized Companies? … SGX:AIY CEO Compensation, July 29th 2019 Is iFAST Corporation Ltd.

Simply Wall St -

Do Institutions Own iFAST Corporation Ltd. (SGX:AIY) Shares?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' iFAST is not a large company by global standards. … Check out our latest analysis for iFAST SGX:AIY Ownership Summary, July 10th 2019 What Does The Institutional Ownership Tell Us About iFAST? … Insider Ownership Of iFAST The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

iFAST (SGX:AIY) Has A Pretty Healthy Balance Sheet

This surplus suggests that iFAST has a conservative balance sheet, and could probably eliminate its debt without much difficulty. … iFAST may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case iFAST has S$48m in net cash and a decent-looking balance sheet.

Simply Wall St -

Why iFAST Corporation Ltd.'s (SGX:AIY) High P/E Ratio Isn't Necessarily A Bad Thing

See our latest analysis for iFAST How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for iFAST: P/E of 29.76 = SGD1.09 ÷ SGD0.037 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … SGX:AIY Price Estimation Relative to Market, May 14th 2019 Its relatively high P/E ratio indicates that iFAST shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Does iFAST Corporation Ltd.'s (SGX:AIY) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Chung Lim's Compensation Compare With Similar Sized Companies. … has a market capitalization of S$306m, and pays its CEO total annual compensation worth S$418k.

Simply Wall St -

Should iFAST Corporation Ltd. (SGX:AIY) Be Part Of Your Dividend Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … (SGX:AIY) has paid a dividend to shareholders. … 5 checks you should use to assess a dividend stock

Simply Wall St -

Is iFAST Corporation Ltd. (SGX:AIY) Potentially Underrated?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a.

Simply Wall St -

Do Insiders Own Shares In iFAST Corporation Ltd. (SGX:AIY)?

Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about AIY

Simply Wall St -

Company Info

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), Business-to-Business-to-Consumer (B2B2C), and Others 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 Others division operates bondsupermart.com, a regional bond information portal that provides bond information and research for investors and wealth advisers. The company also offers investment advisor, dealer, and custodian services. iFAST Corporation Ltd. was incorporated in 2000 and is headquartered in Singapore.

Details
Name: iFAST Corporation Ltd.
AIY
Exchange: SGX
Founded: 2000
SGD209,891,782
270,828,107
Website: http://www.ifastcorp.com
Address: iFAST Corporation Ltd.
10 Collyer Quay,
No. 26-01 Ocean Financial Centre,
Singapore,
049315,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX AIY Ordinary Shares Singapore Exchange SG SGD 11. Dec 2014
Number of employees
Current staff
Staff numbers
660
iFAST employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 13:21
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/02/20
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.