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Singapore digital wealth-management platform offering online investing, robo-advisory and pension administration across Asia.
Singapore digital wealth-management platform offering online investing, robo-advisory and pension administration across Asia.
Earns recurring fees that scale with the assets held on its platform, including fees from fund managers, plus transaction fees on trades and fees for administering pension schemes. Revenue therefore follows asset growth as much as trading activity.
In one line: A Singapore digital wealth-management platform, like a regional Interactive Brokers/robo-a.
Moat: narrow (switching costs, scale, network effects). Platform scale with assets under administration and multi-market licensing create switching costs and B2B stickiness.
Headquarters: Singapore · Founded: 2000 · Employees: 3,554
Size iFAST (AIY.SI) is a Singapore Information Technology company (Packaged Software) with a market value of $1.89B, the 51st largest of 186 Singapore companies the cockpit tracks. Shares closed at S$7.87 on 6 Nov 2026.
Performance Over six months the shares fell 9.9%, against -13.3% for the median peer and -1.2% for the Singapore market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 35.5% over the last twelve months (peer median +10.1%); the operating margin is 24.4% (peer median 1.9%).
Valuation It trades at 18.6× forward earnings against a peer median of 59.1× (2nd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -36 pp: the price already allows for a slowdown.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$637M | S$517M | S$385M | S$257M | S$209M |
| Revenue growth | — | +34% | +49% | +23% | — |
| Gross profit | S$396M | S$314M | S$226M | S$140M | S$98.6M |
| EBITDA | S$194M | S$160M | S$116M | S$61.7M | S$36.8M |
| Net income | S$123M | S$100M | S$66.6M | S$28.3M | S$6.42M |
| Free cash flow | S$360M | S$539M | S$662M | S$267M | S$44.7M |
| Capital expenditure | S$35.0M | S$31.1M | S$25.6M | S$21.9M | S$15.0M |
| Total debt | S$295M | S$167M | S$153M | S$59.4M | S$23.4M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| iFAST AIY.SI | $1.89B | -10% | +35% | 24% | 18.6× | -11.6% |
| Interactive Brokers IBKR | $129B | -10% | +16% | 87% | 23.9× | n/a |
| Standard Chartered STAN.L | $60.9B | +14% | -10% | 24% | 11.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AIY.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.0% | +3.3% | 8th lowest of 21 |
| 6-month return | -9.9% | -13.3% | 10th highest of 21 |
| Distance from 52-week high | -28.8% | -40.1% | 8th highest of 21 |
| Revenue growth (TTM) | +35.5% | +10.1% | 5th highest of 21 |
| Operating margin | 24.4% | 1.9% | 5th highest of 21 |
| Forward P/E | 18.6× | 59.1× | 2nd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -11.6% | 26.9% | 2nd least demanding of 14 |
| Growth delivered (Del g) | +24.8% | +15.4% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -36.4 pp | +10.1 pp | least demanding of 14 |
| EV / EBITDA | 6.2× | 21.0× | 2nd cheapest of 8 |
| Net debt / EBITDA | -6.2× | -1.5× | least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| iFAST AIY.SI | Singapore | $1.89B | -10% | +35% | 24% | 18.6× | -11.6% | +24.8% |
| China TransInfo Technology 002373.SZ | China | $1.89B | -11% | +16% | 1% | 39.7× | 22.0% | -2.7% |
| Business-Intelligence of Oriental Nations 300166.SZ | China | $1.88B | -27% | +7% | -5% | 94.1× | n/a | n/a |
| Shenzhen Intellifusion Technologies 688343.SS | China | $1.87B | -46% | -4% | -52% | n/a | n/a | n/a |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 49.1× | 41.3% | +6.2% |
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 11.0× | -18.5% | +15.4% |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 158.4× | 46.1% | +26.7% |
| SoundHound AI SOUN | United States | $1.85B | -54% | +55% | -96% | n/a | n/a | n/a |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | n/a | n/a | n/a |
| C3.ai AI | United States | $1.84B | +18% | -38% | -198% | n/a | n/a | n/a |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 31.4× | 40.7% | +11.5% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 28.2× | 12.3% | +16.8% |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 24.1× | 10.4% | +17.7% |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% | -17.0% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 26.2× | n/a | n/a |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 91.2× | 37.2% | +9.5% |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | 79.2× | n/a | n/a |
| Shadowfax Technologies SHADOWFAX.NS | India | $1.79B | +70% | +69% | 10% | 60.0× | 47.0% | +43.7% |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 135.3× | 25.9% | +15.8% |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 59.1× | 26.9% | +38.7% |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | n/a | -6.3% | +4.6% |