SGX:I49

Stock Analysis Report

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Market Cap

S$69.9m

Last Updated

2021/07/30 16:29 UTC

Data Sources

Company Financials

Executive Summary

IFS Capital Limited, together with its subsidiaries, provides commercial, alternative, and structured finance services in Singapore and Southeast Asia. More Details


Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has IFS Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: I49 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: I49's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0%

I49

1.9%

SG Diversified Financial

-0.01%

SG Market


1 Year Return

-6.5%

I49

36.1%

SG Diversified Financial

21.2%

SG Market

Return vs Industry: I49 underperformed the SG Diversified Financial industry which returned 36.7% over the past year.

Return vs Market: I49 underperformed the SG Market which returned 21.6% over the past year.


Shareholder returns

I49IndustryMarket
7 Day0%1.9%-0.01%
30 Day-6.5%2.8%0.4%
90 Day-3.1%8.2%-2.2%
1 Year-5.5%-6.5%44.1%36.1%25.7%21.2%
3 Year-8.8%-15.5%28.6%16.8%5.6%-7.1%
5 Year-5.6%-13.5%61.0%37.3%26.2%3.3%

Long-Term Price Volatility Vs. Market

How volatile is IFS Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IFS Capital undervalued compared to its fair value and its price relative to the market?

87.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: I49 (SGD0.19) is trading above our estimate of fair value (SGD0.14)

Significantly Below Fair Value: I49 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: I49 is poor value based on its PE Ratio (88x) compared to the Asian Diversified Financial industry average (14.7x).

PE vs Market: I49 is poor value based on its PE Ratio (88x) compared to the SG market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate I49's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: I49 is good value based on its PB Ratio (0.4x) compared to the XA Diversified Financial industry average (0.8x).


Future Growth

How is IFS Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IFS Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has IFS Capital performed over the past 5 years?

60.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: I49 has high quality earnings.

Growing Profit Margin: I49's current net profit margins (2.6%) are lower than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: I49 has become profitable over the past 5 years, growing earnings by 60.3% per year.

Accelerating Growth: I49's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: I49 had negative earnings growth (-91.5%) over the past year, making it difficult to compare to the Diversified Financial industry average (10.6%).


Return on Equity

High ROE: I49's Return on Equity (1.2%) is considered low.


Financial Health

How is IFS Capital's financial position?


Financial Position Analysis

Short Term Liabilities: I49's short term assets (SGD448.2M) exceed its short term liabilities (SGD270.8M).

Long Term Liabilities: I49's short term assets (SGD448.2M) exceed its long term liabilities (SGD17.0M).


Debt to Equity History and Analysis

Debt Level: I49's debt to equity ratio (129.1%) is considered high.

Reducing Debt: I49's debt to equity ratio has reduced from 207.3% to 129.1% over the past 5 years.

Debt Coverage: I49's debt is not well covered by operating cash flow (9.5%).

Interest Coverage: Insufficient data to determine if I49's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is IFS Capital current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: I49's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.89%).

High Dividend: I49's dividend (1.08%) is low compared to the top 25% of dividend payers in the SG market (4.98%).


Stability and Growth of Payments

Stable Dividend: I49's dividend payments have been volatile in the past 10 years.

Growing Dividend: I49's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.6%), I49's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Randy Sim (42 yo)

1

Tenure

Mr. Cheng Leong Sim, also known as Randy, has been the Group Chief Executive Officer and Executive Director at IFS Capital Limited since July 1, 2020. He had been the Chief Executive Officer at IFS Capital...


Leadership Team

Experienced Management: I49's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: I49's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

IFS Capital Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IFS Capital Limited
  • Ticker: I49
  • Exchange: SGX
  • Founded: 1975
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: S$69.930m
  • Shares outstanding: 375.97m
  • Website: https://www.ifscapital.com.sg

Location

  • IFS Capital Limited
  • Singapore Post Centre
  • No. 09-04
  • Singapore
  • 408600
  • Singapore

Listings


Biography

IFS Capital Limited, together with its subsidiaries, provides commercial, alternative, and structured finance services in Singapore and Southeast Asia. It operates through three segments: Credit Financing,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 16:29
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.