iFAST (SGX:AIY) Third Quarter 2024 Results
Key Financial Results
- Revenue: S$99.1m (up 50% from 3Q 2023).
- Net income: S$16.8m (up 97% from 3Q 2023).
- Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: S$0.056 (up from S$0.029 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
iFAST Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Capital Markets industry in Asia.
Performance of the market in Singapore.
The company's shares are down 1.8% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on iFAST's balance sheet.
Valuation is complex, but we're here to simplify it.
Discover if iFAST might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SGX:AIY
iFAST
Provides investment products and services in Singapore, Hong Kong, Malaysia, China, the United Kingdom.
Outstanding track record with excellent balance sheet.