iFAST Future Growth

Future criteria checks 5/6

iFAST is forecast to grow earnings and revenue by 35.1% and 14.9% per annum respectively. EPS is expected to grow by 38.4% per annum. Return on equity is forecast to be 26.7% in 3 years.

Key information

35.1%

Earnings growth rate

38.4%

EPS growth rate

Capital Markets earnings growth	14.7%
Revenue growth rate	14.9%
Future return on equity	26.7%
Analyst coverage	Low
Last updated	23 Feb 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SGX:AIY - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	398	93	262	213	3
12/31/2025	393	78	210	162	4
12/31/2024	321	55	-193	-29	4
12/31/2023	257	28	252	273	N/A
9/30/2023	223	16	172	191	N/A
6/30/2023	210	10	32	49	N/A
3/31/2023	210	4	15	30	N/A
12/31/2022	209	6	32	47	N/A
9/30/2022	215	12	4	21	N/A
6/30/2022	217	18	18	39	N/A
3/31/2022	214	28	21	42	N/A
12/31/2021	217	31	27	47	N/A
9/30/2021	210	30	23	42	N/A
6/30/2021	199	29	32	46	N/A
3/31/2021	187	26	34	46	N/A
12/31/2020	170	21	29	42	N/A
9/30/2020	156	17	22	33	N/A
6/30/2020	145	14	19	30	N/A
3/31/2020	137	12	13	24	N/A
12/31/2019	125	10	7	19	N/A
9/30/2019	120	9	8	20	N/A
6/30/2019	117	9	4	16	N/A
3/31/2019	117	10	8	20	N/A
12/31/2018	121	11	8	18	N/A
9/30/2018	121	10	9	19	N/A
6/30/2018	116	9	9	19	N/A
3/31/2018	110	9	1	11	N/A
12/31/2017	101	8	6	13	N/A
9/30/2017	95	7	N/A	9	N/A
6/30/2017	89	7	N/A	7	N/A
3/31/2017	84	6	N/A	9	N/A
12/31/2016	81	5	N/A	6	N/A
9/30/2016	80	7	N/A	9	N/A
6/30/2016	79	8	N/A	11	N/A
3/31/2016	83	10	N/A	11	N/A
12/31/2015	85	12	N/A	14	N/A
9/30/2015	84	10	N/A	13	N/A
6/30/2015	86	10	N/A	13	N/A
3/31/2015	82	10	N/A	11	N/A
12/31/2014	78	9	N/A	10	N/A
9/30/2014	75	10	N/A	9	N/A
12/31/2013	69	8	N/A	7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIY's forecast earnings growth (35.1% per year) is above the savings rate (2.1%).

Earnings vs Market: AIY's earnings (35.1% per year) are forecast to grow faster than the SG market (6.5% per year).

High Growth Earnings: AIY's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIY's revenue (14.9% per year) is forecast to grow faster than the SG market (3.6% per year).

High Growth Revenue: AIY's revenue (14.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AIY's Return on Equity is forecast to be high in 3 years time (26.7%)

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iFAST Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 17% to S$7.76

Consensus EPS estimates increase by 12%

Price target increased by 17% to S$5.32

Consensus EPS estimates fall by 11%

Price target decreased to S$4.47

Consensus EPS estimates fall by 25%

Recent updates

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

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Ifast Corporation Ltd. Proposes Tax Exempt (One-Tier) Final Dividend for the Financial Year Ended 31 December 2023

iFAST Corporation Ltd. to Report Q1, 2024 Results on Apr 25, 2024

New minor risk - Shareholder dilution

Price target increased by 17% to S$7.76

Fourth quarter dividend of S$0.014 announced

iFAST Corporation Ltd., Annual General Meeting, Apr 26, 2024

iFAST Corporation Ltd. Proposes (One-Tier) Final Dividend, Payable on 21 May 2024

iFAST Corporation Ltd. to Report Q4, 2023 Results on Feb 21, 2024

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

Consensus EPS estimates increase by 12%

Price target increased by 17% to S$5.32

Third quarter 2023 earnings: Revenues exceed analyst expectations

Ifast Corporation Ltd. Proposes Tax Exempt (One-Tier) Interim Dividend for the Third Quarter of the Financial Year Ending 31 December 2023, Payable on 17 November 2023

iFAST Corporation Ltd. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of S$0.011 per share at 0.9% yield

An unknown buyer signed an agreement to acquire 30.34% stake in Providend Holding Private Limited from iFAST Corporation Ltd. (SGX:AIY) For SGD 3.9 million.

Second quarter 2023 earnings: Revenues miss analyst expectations

iFAST Corporation Ltd Announces the Resignation of Tan Ping Ping as Secretary

iFAST Corporation Ltd. to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of S$0.01 per share at 1.1% yield

Executive Chairman & CEO recently bought S$86k worth of stock

Upcoming dividend of S$0.014 per share at 1.0% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

Full year 2022 earnings: EPS and revenues miss analyst expectations

iFAST Corporation Ltd., Annual General Meeting, Apr 26, 2023

High number of new directors

iFAST Corporation Ltd. to Report Q4, 2022 Results on Feb 14, 2023

Price target decreased to S$4.47

Consensus EPS estimates fall by 25%

Upcoming dividend of S$0.013 per share

Price target decreased to S$4.48

iFAST Corporation Ltd. Announces (One-Tier) Interim Dividend for the Third Quarter of the Financial Year Ending 31 December 2022

Third quarter 2022 earnings: Revenues miss analyst expectations

iFAST Corporation Ltd. to Report Q3, 2022 Results on Oct 26, 2022

Non-Independent Non-Executive Director recently bought S$216k worth of stock

Consensus EPS estimates fall by 68%

Executive Chairman & CEO recently bought S$129k worth of stock

Price target decreased to S$5.33

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

iFAST Corporation Ltd. Proposes Tax Exempt (One-Tier) Second Interim Dividend, Payable on August 17, 2022

iFAST Corporation Ltd. to Report Q2, 2022 Results on Jul 23, 2022

Independent Director recently sold S$50k worth of stock

Upcoming dividend of S$0.01 per share

Upcoming dividend of S$0.014 per share

Price target decreased to S$6.00

First quarter 2022 earnings: EPS and revenues miss analyst expectations

iFAST Corporation Ltd. Announces Board Changes

iFAST Corporation Ltd. Provides Group Earnings Guidance for the Full Year 2022

iFAST Corporation Ltd. to Report Q1, 2022 Results on Apr 23, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

iFAST Corporation Ltd., Annual General Meeting, Apr 25, 2022

Consensus EPS estimates fall by 10%

Executive Chairman & CEO recently bought S$298k worth of stock

Price target decreased to S$8.80

iFAST Corporation Ltd. Proposes Tax Exempt (One-Tier) Final Dividend, Payable on 19 May 2022

Full year 2021 earnings: Revenues miss analyst expectations

iFAST Corporation Ltd. Announces Cessation of Leung Fung Yat David as Group Chief Financial Officer, Effective 1 February 2022

iFAST Corporation Ltd. to Report Fiscal Year 2021 Results on Feb 14, 2022

iFAST Corporation Ltd. to Report Fiscal Year 2021 Results on Feb 14, 2022

iFAST Corporation Ltd. (SGX:AIY) and Mandeep Ahluwalia signed an agreement to acquire BFC Bank Limited from BFC Group Holdings W.L.L. for £22.6 million.

Independent Director recently sold S$197k worth of stock

Do iFAST's (SGX:AIY) Earnings Warrant Your Attention?

Third quarter 2021 earnings released

Does iFAST (SGX:AIY) Deserve A Spot On Your Watchlist?

Executive Chairman & CEO exercised options to buy S$2.5m worth of stock.

Upcoming dividend of S$0.011 per share