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I49

IFS CapitalSGX:I49 Stock Report

Market Cap

S$67.7m

7D

0%

1Y

0%

Updated

25 Sep, 2021

Data

Company Financials +
I49 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends0/6

I49 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for IFS Capital
Historical stock prices
Current Share PriceS$0.18
52 Week HighS$0.17
52 Week LowS$0.20
Beta0.62
1 Month Change-4.76%
3 Month Change-9.55%
1 Year Change0%
3 Year Change-21.74%
5 Year Change-18.18%
Change since IPO-87.90%

Recent News & Updates

Mar 01
IFS Capital (SGX:I49) Share Prices Have Dropped 36% In The Last Three Years

IFS Capital (SGX:I49) Share Prices Have Dropped 36% In The Last Three Years

For many investors, the main point of stock picking is to generate higher returns than the overall market. But the risk...

Shareholder Returns

I49SG Diversified FinancialSG Market
7D0%1.5%-0.6%
1Y0%46.5%19.3%

Return vs Industry: I49 underperformed the SG Diversified Financial industry which returned 46.5% over the past year.

Return vs Market: I49 underperformed the SG Market which returned 19.3% over the past year.

Price Volatility

Is I49's price volatile compared to industry and market?
I49 volatility
I49 Beta0.62
Industry Beta0.98
Market Beta1

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.

About the Company

FoundedEmployeesCEOWebsite
1975n/aRandy Simhttps://www.ifscapital.com.sg

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, Insurance, and Private Equity and Other Investments. The company offers factoring, accounts receivable financing, trade financing, mortgage financing, working capital, financing for overseas operations, asset-based and direct financing, operating leasing and consumer financing, and hire purchase services; and participates in financing by SPRING under Local Enterprise Finance scheme, as well as in financing by International Enterprise Singapore under Internationalization Finance scheme.

IFS Capital Fundamentals Summary

How do IFS Capital's earnings and revenue compare to its market cap?
I49 fundamental statistics
Market CapS$67.67m
Earnings (TTM)S$126.00k
Revenue (TTM)S$31.17m

545.5x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
I49 income statement (TTM)
RevenueS$31.17m
Cost of RevenueS$8.37m
Gross ProfitS$22.81m
ExpensesS$22.68m
EarningsS$126.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00033
Gross Margin73.16%
Net Profit Margin0.40%
Debt/Equity Ratio117.9%

How did I49 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

599%

Payout Ratio

Valuation

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

40.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: I49 (SGD0.18) is trading below our estimate of fair value (SGD0.3)

Significantly Below Fair Value: I49 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: I49 is poor value based on its PE Ratio (545.5x) compared to the Asian Diversified Financial industry average (15.4x).

PE vs Market: I49 is poor value based on its PE Ratio (545.5x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: I49 is poor value based on its PEG Ratio (13.1x)


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 1 analyst?

41.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: I49's forecast earnings growth (41.5% per year) is above the savings rate (1.9%).

Earnings vs Market: I49's earnings (41.5% per year) are forecast to grow faster than the SG market (15.3% per year).

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

Revenue vs Market: Insufficient data to determine if I49's revenue is forecast to grow faster than the SG market.

High Growth Revenue: Insufficient data to determine if I49's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: I49's Return on Equity is forecast to be low in 3 years time (2.7%).


Past Performance

How has IFS Capital performed over the past 5 years?

40.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: I49 has high quality earnings.

Growing Profit Margin: I49's current net profit margins (0.4%) are lower than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: I49 has become profitable over the past 5 years, growing earnings by 40.8% 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 (-98.2%) over the past year, making it difficult to compare to the Diversified Financial industry average (19.7%).


Return on Equity

High ROE: I49's Return on Equity (0.8%) is considered low.


Financial Health

How is IFS Capital's financial position?


Financial Position Analysis

Short Term Liabilities: I49's short term assets (SGD413.7M) exceed its short term liabilities (SGD226.8M).

Long Term Liabilities: I49's short term assets (SGD413.7M) exceed its long term liabilities (SGD34.3M).


Debt to Equity History and Analysis

Debt Level: I49's debt to equity ratio (117.9%) is considered high.

Reducing Debt: I49's debt to equity ratio has reduced from 207.2% to 117.9% over the past 5 years.

Debt Coverage: I49's debt is not well covered by operating cash flow (1.6%).

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?

1.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: I49's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.98%).

High Dividend: I49's dividend (1.11%) is low compared to the top 25% of dividend payers in the SG market (5.29%).


Stability and Growth of Payments

Stable Dividend: I49 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.

Growing Dividend: I49 is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: I49 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of I49's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Randy Sim (42 yo)

1.17yrs

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 (4.6 years average tenure).


Board Members

Experienced Board: I49's board of directors are considered experienced (5.9 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IFS Capital Limited's 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$67.675m
  • Shares outstanding: 375.97m
  • Website: https://www.ifscapital.com.sg

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 11:02
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.