IFS Capital Ltd.

IFS Capital Ltd.

SSGX:I49
0.17
SGD
+0.01
(+7.59%)
73.31MMarket Cap
Feb 19Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.29
0.27
0.25
0.2
0.13
0.12
0.14
0.1
0.12
0.09
0.12
0.14
0.17
- -
Basic EPS, GAAP
-0.03
-0.05
-0.1
-0.01
0.01
0.05
0.02
- -
0.02
0.01
0.01
0.01
0.01
- -
Free Cash Flow per Basic Share
0.22
-0.06
0.02
-0.04
-0.05
-0.26
-0.02
0.06
0.37
-0.16
-0.27
-0.04
0.01
- -
Dividend per Share
0.02
0.02
0.02
- -
- -
- -
0.01
0.01
- -
0.01
- -
0.01
0.01
0.01
Book Value per Share
0.85
0.8
0.68
0.4
0.41
0.45
0.48
0.47
0.48
0.47
0.47
0.47
0.48
0.48
Tangible Book Value per Share
0.85
0.8
0.67
0.4
0.4
0.45
0.47
0.47
0.47
0.47
0.47
0.47
0.48
0.47
Basic Weighted Avg Shares
150
150
150
197
376
376
376
376
376
376
376
376
376
376
Sales/Revenue/Turnover
44
40
38
39
48
45
53
39
43
35
45
51
63
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
2
2
1
2
2
2
2
2
1
1
- -
Net Income, GAAP
-5
-8
-15
-3
2
18
9
1
8
3
3
2
5
- -
Effective Tax Rate (%)
- -
- -
- -
584.05
37.45
12.07
25.93
6.94
23.96
24.44
25.44
25.88
27.21
- -
Profit Margin (%)
-10.95
-19.13
-39.6
-6.51
4.06
40.11
17.76
2.04
18.32
8.75
7.68
3.68
7.57
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
34
47
23
13
9
14
8
15
2
24
14
11
6
9
Total Equity
138
132
113
164
166
185
197
194
196
199
200
206
216
197
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
-9.61
1.03
5.44
2.68
1.06
2.28
1.06
1.82
1.41
1.74
- -
Return on Common Equity (%)
-3.62
-6.2
-13.61
-2.03
1.29
11.19
5.39
0.45
4.48
1.73
1.96
1.06
2.63
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
256
258
234
LT Borrowings
3
5
6
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
376
376
376
Market Capitalization
83
86
73

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
67
50
71
Accounts Receivable, Net
159
323
122
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
256
258
234
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.3%
2.24%
4.79%
Free Cash Flow
0.86%
42.71%
-117.89%
Net Income, GAAP
137.78%
191.38%
150.93%
Sales/Revenue/Turnover
6.65%
11.28%
21.98%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
51
2025
- -
- -
63
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
0.01
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
0.01
2026
- -
- -
- -

Company Description

CEO
Cheng Leong Sim
Full Time Employees
285
Sector
Finance
Industry
Finance/Rental/Leasing
Address
Singapore Singapore
IPO Date
Jul 22, 1993
Business
IFS Capital Limited is a Singapore-based financial services holding company that specializes in providing commercial finance, private credit, general insurance, and asset management solutions to small and medium-sized enterprises, corporations, institutional investors, and retail consumers across the Asia-Pacific region. Incorporated in 1987 and headquartered in Singapore, the company operates as a member of the PhillipCapital Group and has been listed on the Mainboard of the Singapore Exchange under the ticker symbol I49 since 1993. The group organizes its business activities into four principal operating segments: Private Credit, Insurance, Asset Management, and Private Equity and Other Investments, with operational footprints extending across Singapore, Thailand, Malaysia, Indonesia, and Hong Kong. The company provides a comprehensive suite of commercial lending, credit facilities, risk mitigation, and fund management solutions: commercial financing and working capital services, including accounts receivable purchase and factoring, invoice discounting, trade financing, purchase order financing, equipment and machinery leasing, industrial hire purchase, asset-based lending, term loans, and government-assisted enterprise financing schemes; credit insurance, bonding, and general underwriting products distributed through its wholly-owned subsidiary ECICS Limited, encompassing performance bonds, qualifying and security bonds, financial guarantees, work injury compensation insurance, contractors all risks and engineering policies, commercial property and casualty coverage, motor insurance, marine cargo protection, and domestic helper insurance; specialized asset management and fund advisory solutions managed via IFS Asset Management, focusing on regional private credit income funds, fixed-income strategies, and structured debt investments; and fintech-enabled lending platforms, comprising Lendingpot, a proprietary digital business-loan matchmaking marketplace connecting corporate borrowers with a multi-lender network, alongside Friday Finance, a licensed digital consumer credit service providing structured personal financing and incentive-based repayment structures. In recent operational and strategic developments, IFS Capital Limited has advanced its digital transformation and regional growth strategy across Southeast Asia and Greater China. The company incorporated a new wholly-owned operating subsidiary in Hong Kong to support the cross-border rollout of its digital financing and marketplace infrastructure. Within its asset management division, the group launched the IFSAM Private Credit Income Fund, expanding private debt market participation for institutional and accredited investors and scaling assets under management past SGD 60 million in its inaugural operational period. Furthermore, IFS Capital has formed strategic regional partnerships in Thailand and Malaysia to expand its accounts receivable purchase portfolio, while executing core credit and insurance automation programs across its subsidiaries to streamline underwriting workflows and enhance digital client onboarding.