A4S.SG
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on A4S.SG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $18.48B | $17.26B | $15.54B | $14.26B | +7.0% |
| Operating revenue | $18.48B | $17.26B | $15.54B | $14.26B | +7.0% |
| Selling, general & admin | $10.62B | $9.93B | $8.95B | $8.66B | +6.9% |
| Net interest income | -$326.00M | -$329.00M | -$324.00M | -$198.00M | +0.9% |
| Pre-tax income | $4.50B | $4.27B | $3.23B | $3.93B | +5.6% |
| Tax provision | $941.00M | $866.00M | $678.00M | $782.00M | +8.7% |
| Net income | $3.56B | $3.40B | $2.56B | $3.15B | +4.8% |
| Net income to common | $3.56B | $3.40B | $2.56B | $3.15B | +4.8% |
| Basic EPS | 3.69 | 3.37 | 2.42 | 2.83 | +9.4% |
| Diluted EPS | 3.63 | 3.31 | 2.37 | 2.77 | +9.8% |
| EBIT | $4.83B | $4.60B | $3.56B | $4.13B | +5.1% |
| Basic shares | 96.70M | 101.00M | 105.70M | 111.30M | -4.3% |
| Diluted shares | 98.20M | 102.90M | 107.80M | 113.70M | -4.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $10.10B | $8.52B | $7.56B | $7.10B | +18.6% |
| Cash & short-term investments | $63.69B | $60.67B | $59.13B | $47.91B | +5.0% |
| Accounts receivable | $14.92B | $14.47B | $15.08B | $15.60B | +3.1% |
| Total assets | $190.90B | $181.40B | $175.19B | $158.85B | +5.2% |
| Current debt | $200.00M | $701.00M | $751.00M | $1.50B | -71.5% |
| Long-term debt | $5.66B | $4.76B | $4.98B | $3.85B | +18.9% |
| Total debt | $5.86B | $5.47B | $5.75B | $5.38B | +7.1% |
| Total liabilities | $184.35B | $176.18B | $170.46B | $155.05B | +4.6% |
| Retained earnings | $27.66B | $24.71B | $21.91B | $19.92B | +11.9% |
| Shareholder equity | $6.55B | $5.23B | $4.73B | $3.80B | +25.3% |
| Net tangible assets | $6.55B | $5.23B | $4.73B | $3.80B | +25.3% |
| Shares issued | 338.06M | 337.73M | 336.78M | 335.86M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $3.56B | $3.40B | $2.56B | $3.15B | +4.8% |
| Depreciation & amortisation | -$93.00M | -$159.00M | -$154.00M | -$40.00M | +41.5% |
| Stock-based compensation | $206.00M | $193.00M | $187.00M | $170.00M | +6.7% |
| Change in working capital | $4.46B | $3.01B | $2.01B | $807.00M | +48.1% |
| Operating cash flow | $8.32B | $6.59B | $4.68B | $4.41B | +26.2% |
| Capital expenditure | -$162.00M | -$176.00M | -$184.00M | -$182.00M | +8.0% |
| Investing cash flow | -$1.53B | -$551.00M | -$9.26B | -$13.58B | -177.3% |
| Share buybacks | -$2.91B | -$2.45B | -$2.13B | -$1.98B | -18.8% |
| Dividends paid | -$596.00M | -$574.00M | -$550.00M | -$534.00M | -3.8% |
| Financing cash flow | -$5.16B | -$5.17B | $4.41B | $8.43B | +0.2% |
| Free cash flow | $8.16B | $6.42B | $4.50B | $4.22B | +27.1% |
| End cash position | $11.16B | $9.49B | $8.62B | $8.76B | +17.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $4.94B | $4.81B | $4.96B | $4.79B | $4.38B | +2.7% |
| Operating revenue | $4.94B | $4.81B | $4.96B | $4.79B | $4.38B | +2.7% |
| Selling, general & admin | $3.12B | $2.69B | $2.88B | $2.67B | $2.54B | +15.9% |
| Net interest income | -$84.00M | -$80.00M | -$80.00M | -$84.00M | -$82.00M | -5.0% |
| Pre-tax income | $1.44B | $1.14B | $1.29B | $1.17B | $1.35B | +26.0% |
| Tax provision | $329.00M | $229.00M | $284.00M | $262.00M | $291.00M | +43.7% |
| Net income | $1.11B | $915.00M | $1.01B | $912.00M | $1.06B | +21.6% |
| Net income to common | $1.11B | $915.00M | $1.01B | $912.00M | $1.06B | +21.6% |
| Basic EPS | 1.21 | 0.98 | 1.06 | 0.95 | 1.09 | +23.5% |
| Diluted EPS | 1.20 | 0.97 | 1.05 | 0.93 | 1.07 | +23.8% |
| EBIT | $1.53B | $1.22B | $1.37B | $1.26B | $1.43B | +24.7% |
| Basic shares | 918.00M | 933.00M | 948.00M | 963.00M | 974.00M | -1.6% |
| Diluted shares | 929.00M | 945.00M | 963.00M | 978.00M | 988.00M | -1.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.25B | $8.47B | $10.10B | $9.76B | $8.38B | +21.0% |
| Cash & short-term investments | $47.47B | $45.84B | $63.69B | $46.86B | $46.38B | +3.5% |
| Accounts receivable | $15.99B | $15.14B | $14.92B | $14.99B | $14.68B | +5.6% |
| Total assets | $197.87B | $184.45B | $190.90B | $190.09B | $184.90B | +7.3% |
| Current debt | $200.00M | $200.00M | $200.00M | $201.00M | $201.00M | 0.0% |
| Long-term debt | $6.33B | $5.61B | $5.66B | $5.68B | $5.80B | +12.8% |
| Total debt | $6.53B | $5.81B | $5.86B | $5.88B | $6.01B | +12.3% |
| Total liabilities | $191.50B | $178.24B | $184.35B | $183.63B | $178.82B | +7.4% |
| Retained earnings | $29.38B | $28.43B | $27.66B | $26.81B | $26.05B | +3.4% |
| Shareholder equity | $6.37B | $6.21B | $6.55B | $6.46B | $6.08B | +2.5% |
| Net tangible assets | $6.37B | $6.21B | $6.55B | $6.46B | $6.08B | +2.5% |
| Shares issued | 88.45M | 338.24M | 338.06M | 338.02M | 337.96M | -73.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.11B | $915.00M | $1.01B | $912.00M | $1.06B | +21.6% |
| Depreciation & amortisation | -$5.00M | -$9.00M | -$20.00M | -$19.00M | -$27.00M | +44.4% |
| Stock-based compensation | $50.00M | $39.00M | $61.00M | $50.00M | $46.00M | +28.2% |
| Change in working capital | $1.38B | -$480.00M | $1.63B | $1.19B | $477.00M | +387.3% |
| Operating cash flow | $2.89B | $459.00M | $2.67B | $2.20B | $1.76B | +528.8% |
| Capital expenditure | -$37.00M | -$29.00M | -$44.00M | -$44.00M | -$38.00M | -27.6% |
| Investing cash flow | -$923.00M | -$669.00M | -$1.59B | $1.00B | $802.00M | -38.0% |
| Share buybacks | -$779.00M | -$874.00M | -$895.00M | -$701.00M | -$581.00M | +10.9% |
| Dividends paid | -$152.00M | -$148.00M | -$149.00M | -$151.00M | -$152.00M | -2.7% |
| Financing cash flow | -$198.00M | -$1.55B | -$871.00M | -$1.86B | -$1.94B | +87.2% |
| Free cash flow | $2.85B | $430.00M | $2.63B | $2.16B | $1.73B | +562.6% |
| End cash position | $11.16B | $9.39B | $11.16B | $10.95B | $9.61B | +18.8% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 24, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 13, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Jul 13, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 10, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Jul 10, 26 | Jefferies | MAINTAINED | Buy | Buy |
| May 4, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Apr 30, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Apr 24, 26 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Apr 10, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Apr 7, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Feb 2, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Feb 2, 26 | Jefferies | MAINTAINED | Buy | Buy |
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.