IFS Capital (SGX:I49) Scaled Net Operating Assets: 0.75 (As of Jun. 2026)

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SGX:I49 IFS Capital Ltd SGX:I49
42 GF Score
Price S$0.18
GF Value S$0.19
Valuation Fairly Valued
! 3 Warning Signs
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What is IFS Capital Scaled Net Operating Assets?

IFS Capital SGX:I49 42 Scaled Net Operating Assets is 0.75 as of Jun. 2026. GuruFocus rates SGX:I49 with a GF Score™ of 42/100 and a GF Value™ of S$0.19 (Fairly Valued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

IFS Capital's operating assets for the quarter that ended in Jun. 2026 was S$465.50 Mil. IFS Capital's operating liabilities for the quarter that ended in Jun. 2026 was S$46.62 Mil. IFS Capital's Total Assets for the quarter that ended in Dec. 2025 was S$556.70 Mil. Therefore, IFS Capital's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.75.

SGX:I49
42GF Score
IFS Capital Ltd SGX:I49
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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IFS Capital Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

IFS Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(505.838-54.564)/525.843
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=556.699 - 50.861
=505.838

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=340.546 - 6.482 - 279.5
=54.564

IFS Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Dec. 2025 )
=(465.498-46.623)/556.699
=0.75

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=514.965 - 49.467
=465.498

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=282.662 - 4.648 - 231.391
=46.623

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.75 mean?
IFS Capital (SGX:I49) has a Scaled Net Operating Assets of 0.75 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on IFS Capital and its competitors.
Is IFS Capital's Scaled Net Operating Assets too high?
IFS Capital's current Scaled Net Operating Assets is 0.75. Overall, IFS Capital has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IFS Capital's Scaled Net Operating Assets compare to V and MA?
IFS Capital's Scaled Net Operating Assets of 0.75 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on IFS Capital and its competitors. IFS Capital's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFS Capital stock overvalued right now?
Based on GuruFocus' analysis, IFS Capital (SGX:I49) is currently considered Fairly Valued. The stock's GF Value™ is S$0.19, compared to a current price of S$0.18 — trading 5.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. IFS Capital's overall GF Score™ is 42/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For IFS Capital (SGX:I49), the current Scaled Net Operating Assets is 0.75 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IFS Capital (SGX:I49) Overvalued in 2026?

Based on GuruFocus' analysis, IFS Capital stock appears to be undervalued. The current stock price of S$0.18 is trading 5.3% below its estimated GF Value™ of S$0.19. GuruFocus considers IFS Capital to be Fairly Valued.

Key valuation signals for SGX:I49:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: S$0.19 vs. price of S$0.18 (5.3% below fair value)
  • GF Score™: 42/100 with 3 warning signs

No single metric tells the full story. See the SGX:I49 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IFS Capital Business Description

Address 10 Eunos Road 8, No 09-04 Singapore Post Centre, Singapore, SGP, 408600
IFS Capital Ltd is a specialist financial institution providing private credit origination, insurance, and asset management services to SMEs, consumers, and investors across Asia. Its segments are Private Credit, Insurance, Private Equity and Other Investments, and Asset Management. The Private Credit segment generates the maximum revenue and focuses on commercial finance solutions for corporate clients, particularly small and medium-sized enterprises. Its services include accounts receivable financing, trade financing, asset-based loans, working capital financing, leasing, hire purchase, and participation in the Enterprise Financing Scheme administered by Enterprise Singapore. This segment also includes consumer loan services. It generates maximum revenue from Thailand.
42GF Score

Get the complete analysis for SGX:I49

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.18
Price
S$0.19
GF Value