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iFAST Corporation Ltd.SGX:AIY Stock Report

Market Cap S$2.6b
Share Price
S$8.63
S$11.97
27.9% undervalued intrinsic discount
1Y34.4%
7D-1.5%
Portfolio Value
View

iFAST Corporation Ltd.

SGX:AIY Stock Report

Market Cap: S$2.6b

iFAST (AIY) Stock Overview

Operates as a digital banking and wealth management platform in Singapore, Hong Kong, Malaysia, China, and the United Kingdom. More details

AIY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance6/6
Financial Health5/6
Dividends4/6

AIY Community Fair Values

Create Narrative

See what 35 others think this stock is worth. Follow their fair value or set your own to get alerts.

iFAST Corporation Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for iFAST
Historical stock prices
Current Share PriceS$8.63
52 Week HighS$11.06
52 Week LowS$6.38
Beta0.73
1 Month Change-11.03%
3 Month Change-8.09%
1 Year Change34.42%
3 Year Change100.23%
5 Year Change14.61%
Change since IPO754.46%

Recent News & Updates

Narrative Update May 14

AIY: Share Repurchases And New Payment Feature Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for iFAST from SGD12.21 to around SGD11.97 as they factor in updated assumptions for revenue growth, profit margin and future P/E, along with a slightly adjusted discount rate. What's in the News iFAST Corporation Ltd.
Narrative Update Apr 23

AIY: Steady Fair Value And Confirmed Dividend Will Support Bullish Outlook

Analysts have kept the fair value estimate for iFAST steady at SGD12.21, with slight tweaks to the discount rate, long term growth inputs, and assumed future P/E multiple providing the basis for this unchanged price target. What's in the News iFAST Corporation Ltd.
Narrative Update Apr 07

AIY: Stable Fair Value And Upcoming Dividend Will Support Bullish Outlook

Narrative Update on iFAST Analyst Price Target The analyst fair value estimate for iFAST remains at SGD12.21, reflecting small changes in assumptions around discount rate, revenue growth, profit margin and future P/E that analysts consider in their updated models. What's in the News A proposed tax exempt one tier final dividend of SGD0.025 per ordinary share will be tabled for approval at the Annual General Meeting scheduled for 24 April 2026 (Key Developments) The Share Transfer Books and Register of Members are expected to close on 12 May 2026, with registrable transfers accepted up to the close of business on 11 May 2026 for entitlement to the proposed dividend (Key Developments) If approved at the AGM, the proposed final dividend is scheduled to be paid on 22 May 2026 (Key Developments) Valuation Changes Fair Value: SGD12.21 is essentially unchanged, with the updated model indicating only a very small adjustment from the prior estimate.

Recent updates

Narrative Update May 14

AIY: Share Repurchases And New Payment Feature Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for iFAST from SGD12.21 to around SGD11.97 as they factor in updated assumptions for revenue growth, profit margin and future P/E, along with a slightly adjusted discount rate. What's in the News iFAST Corporation Ltd.
Narrative Update Apr 23

AIY: Steady Fair Value And Confirmed Dividend Will Support Bullish Outlook

Analysts have kept the fair value estimate for iFAST steady at SGD12.21, with slight tweaks to the discount rate, long term growth inputs, and assumed future P/E multiple providing the basis for this unchanged price target. What's in the News iFAST Corporation Ltd.
Narrative Update Apr 07

AIY: Stable Fair Value And Upcoming Dividend Will Support Bullish Outlook

Narrative Update on iFAST Analyst Price Target The analyst fair value estimate for iFAST remains at SGD12.21, reflecting small changes in assumptions around discount rate, revenue growth, profit margin and future P/E that analysts consider in their updated models. What's in the News A proposed tax exempt one tier final dividend of SGD0.025 per ordinary share will be tabled for approval at the Annual General Meeting scheduled for 24 April 2026 (Key Developments) The Share Transfer Books and Register of Members are expected to close on 12 May 2026, with registrable transfers accepted up to the close of business on 11 May 2026 for entitlement to the proposed dividend (Key Developments) If approved at the AGM, the proposed final dividend is scheduled to be paid on 22 May 2026 (Key Developments) Valuation Changes Fair Value: SGD12.21 is essentially unchanged, with the updated model indicating only a very small adjustment from the prior estimate.
Narrative Update Mar 24

AIY: Stable Fair Value And Dividend Outlook Will Sustain Bullish Conviction

Analysts now keep their iFAST fair value estimate broadly unchanged at SGD12.21. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that together support a steady view on the stock’s valuation.
Narrative Update Mar 10

AIY: Stable Fair Value And Dividend Outlook Will Sustain Bullish Conviction

Analysts have kept their fair value estimate for iFAST steady at SGD 12.21, with only marginal tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions shaping this unchanged price target. What's in the News iFAST Corporation Ltd.
Narrative Update Feb 24

AIY: Higher Future P/E Assumptions Will Support Sustained Bullish Conviction

Analysts now set their iFAST price target at SGD12.21, up from SGD11.75. This reflects updated views on slightly lower projected revenue growth and profit margins, a marginally reduced discount rate, and a higher assumed future P/E multiple.
Analysis Article Feb 15

Earnings Update: iFAST Corporation Ltd. (SGX:AIY) Just Reported And Analysts Are Trimming Their Forecasts

iFAST Corporation Ltd. ( SGX:AIY ) investors will be delighted, with the company turning in some strong numbers with...
Narrative Update Feb 09

AIY: Steady Assumptions And Slight Refinements Will Support Bullish Outlook

Analysts have kept their price target for iFAST broadly unchanged at $11.75, citing only small tweaks to inputs such as the discount rate, long term revenue growth, profit margin assumptions and future P/E multiples, rather than any major shift in their view of the business. Valuation Changes Fair Value Estimate: Kept unchanged at SGD 11.75 per share, reflecting a steady overall assessment of iFAST.
Narrative Update Jan 25

AIY: Refined Assumptions And Higher P/E Will Support Bullish Outlook

Narrative Update on iFAST Analysts have nudged their fair value estimate for iFAST higher from $11.47 to $11.75, citing small adjustments to discount rate assumptions, revenue growth forecasts, profit margin expectations and future P/E multiples. Valuation Changes Fair Value: revised slightly higher from SGD 11.47 to SGD 11.75.
Narrative Update Jan 09

AIY: Steady Fair Value And Upcoming Dividend Will Support Bullish Outlook

Analysts have kept their fair value estimate for iFAST steady at $11.47, with only very small tweaks to assumptions such as the discount rate and future P/E. This reflects a broadly unchanged view of the company’s risk and earnings profile.
Narrative Update Dec 26

AIY: Upcoming Interim Dividend Will Support Earnings Confidence And Share Price Upside

Analysts have modestly lifted their price target on iFAST to approximately $11.47 per share, reflecting slightly lower perceived risk and sustained expectations for strong revenue growth and healthy profit margins. What's in the News iFAST has announced a proposed tax exempt interim dividend of 2.30 cents per ordinary share for the third quarter of the financial year ending 31 December 2025, underscoring management's confidence in ongoing earnings performance (company notice).
Analysis Article Dec 25

iFAST Corporation Ltd.'s (SGX:AIY) P/E Is On The Mark

With a price-to-earnings (or "P/E") ratio of 33.4x iFAST Corporation Ltd. ( SGX:AIY ) may be sending very bearish...
Narrative Update Dec 12

AIY: Upcoming Dividend Payout Will Support Earnings Confidence And Upside Momentum

Analysts have modestly raised their price target for iFAST to SGD 11.47, citing slightly higher assumed discount rates and forward price to earnings multiples while maintaining their positive view on the company’s robust revenue growth and profit margin outlook. What's in the News iFAST has announced a proposed tax exempt one tier third interim dividend of 2.30 cents per ordinary share for the financial year ending 31 December 2025.
Narrative Update Nov 28

AIY: Dividend Outlook And Margin Stability Will Support Upside Momentum

Analysts have slightly adjusted their price target for iFAST to $11.47. They cite minor refinements in discount rate and forward P/E assumptions while maintaining revenue growth and profit margin forecasts.
Narrative Update Nov 11

AIY: Rising Revenue Forecasts Will Drive Greater Shareholder Returns Ahead

Analysts have raised their fair value estimate for iFAST from $10.89 to $11.47. They cite stronger expected revenue growth, even though there is a slightly lower profit margin outlook and a modest decrease in the anticipated discount rate.
Narrative Update Oct 28

Digital Banking And AI Integration Will Expand Global Reach

Analysts have raised their price target for iFAST from $9.79 to $10.89, citing modest improvements in fair value estimates and profit margin projections. Valuation Changes The Fair Value Estimate has increased slightly from SGD 9.79 to SGD 10.89.
Analysis Article Jul 24

iFAST Corporation Ltd.'s (SGX:AIY) Popularity With Investors Is Clear

With a price-to-earnings (or "P/E") ratio of 31.8x iFAST Corporation Ltd. ( SGX:AIY ) may be sending very bearish...
Analysis Article Jul 01

Here's Why iFAST (SGX:AIY) Has Caught The Eye Of Investors

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
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New Narrative Mar 15

Digital Banking And ePension Initiatives Will Drive Future Market Expansion

Effective cost management and digital banking growth continue to drive iFAST Global Bank's profitability and boost future earnings.
Analysis Article Aug 05

iFAST Corporation Ltd.'s (SGX:AIY) P/E Still Appears To Be Reasonable

iFAST Corporation Ltd.'s ( SGX:AIY ) price-to-earnings (or "P/E") ratio of 41.4x might make it look like a strong sell...
Analysis Article Apr 17

The Price Is Right For iFAST Corporation Ltd. (SGX:AIY)

iFAST Corporation Ltd.'s ( SGX:AIY ) price-to-earnings (or "P/E") ratio of 69.8x might make it look like a strong sell...
Analysis Article Jan 06

Market Participants Recognise iFAST Corporation Ltd.'s (SGX:AIY) Revenues

You may think that with a price-to-sales (or "P/S") ratio of 10.5x iFAST Corporation Ltd. ( SGX:AIY ) is a stock to...

Shareholder Returns

AIYSG Capital MarketsSG Market
7D-1.5%0.09%0.7%
1Y34.4%41.6%28.7%

Return vs Industry: AIY underperformed the SG Capital Markets industry which returned 41.6% over the past year.

Return vs Market: AIY exceeded the SG Market which returned 28.7% over the past year.

Price Volatility

Is AIY's price volatile compared to industry and market?
AIY volatility
AIY Average Weekly Movement3.7%
Capital Markets Industry Average Movement6.1%
Market Average Movement6.2%
10% most volatile stocks in SG Market14.3%
10% least volatile stocks in SG Market2.7%

Stable Share Price: AIY has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: AIY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20003,554Chung Chun Limwww.ifastcorp.com

iFAST Corporation Ltd. operates as a digital banking and wealth management platform in Singapore, Hong Kong, Malaysia, China, and the United Kingdom. The company offers FSM One, a multiproduct transactional platform for self-directed investors; iFAST Central, which provides various services, including investment products, fee collection, operational support, IT solutions, and wrap account services; iFAST Global Prestige, which provides services for high net worth investors; iFAST Global Markets that provides adviser-assisted wealth management plans; iFAST Global Bank, a licensed bank that provides global banking connectivity to consumers, corporates, and financial institutions; and iFAST ePension, which includes pension administrative services and white labeled solutions for scheme sponsors, trustees, and other institutions. It also provides iFAST pensions that deliver tax-effective employee benefits solutions to companies that want to administer pension schemes for their employees through a digital platform; bondsupermart, a centralized bond marketplace; iFAST fund management that offers products and investment solutions; iFAST FINTECH Solutions, which provides customizable fintech solutions for institutional clients and business partners; iFAST TV, an investment-focused digital video channel; and iFAST Global HUB

iFAST Corporation Ltd. Fundamentals Summary

How do iFAST's earnings and revenue compare to its market cap?
AIY fundamental statistics
Market capS$2.63b
Earnings (TTM)S$109.02m
Revenue (TTM)S$562.25m
24.1x
P/E Ratio
4.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AIY income statement (TTM)
RevenueS$562.25m
Cost of RevenueS$279.31m
Gross ProfitS$282.95m
Other ExpensesS$173.93m
EarningsS$109.02m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.36
Gross Margin50.32%
Net Profit Margin19.39%
Debt/Equity Ratio55.1%

How did AIY perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
26%
Payout Ratio

Does AIY pay a reliable dividends?

See AIY dividend history and benchmarks
When do you need to buy AIY by to receive an upcoming dividend?
iFAST dividend dates
Ex Dividend DateMay 08 2026
Dividend Pay DateMay 22 2026
Days until Ex dividend9 days
Days until Dividend pay date5 days

Does AIY pay a reliable dividends?

See AIY dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 02:26
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

iFAST Corporation Ltd. is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nirgunan TiruchelvamAletheia Analyst Network Limited
Wee Kuang TayCGS International
Yong Hong TanCitigroup Inc