Jardine Cycle & Carriage Dividends and Buybacks
Dividend criteria checks 4/6
Jardine Cycle & Carriage is a dividend paying company with a current yield of 4.98% that is well covered by earnings.
Key information
5.0%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 4.8% |
| Dividend Growth | 4.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 45% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 13
C07: Group Capital Reallocation And Leadership Transition Will Support Future Earnings Multiple
Analysts have modestly lifted their price target for Jardine Cycle & Carriage to SGD33.85 from SGD33.60, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. What's in the News Parent group Jardine Matheson is shifting from a traditional owner operator model toward a return focused investment company, with active capital recycling and potential asset sales across properties, fast food and car dealerships, according to recent coverage, source: Jardines has survived wars and market collapses.Narrative Update • May 29
C07: Leadership Transition And Stable Dividends Will Support Future Earnings Multiple
Analysts have made a small upward adjustment to their fair value estimate for Jardine Cycle & Carriage, lifting the target from SGD33.48 to SGD33.60 as they refresh assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News Jardine Cycle & Carriage plans a leadership transition, with Freddy Lee to become Chief Executive Officer on 1 May 2026 after serving as Group Finance Director and Executive Director.Narrative Update • May 11
C07: Leadership Transition And Steady Dividend Will Shape Future Earnings Multiple
Analysts have nudged their fair value estimate for Jardine Cycle & Carriage slightly higher to about SGD33.48 from roughly SGD33.35. This reflects modest adjustments to discount rate assumptions and P/E expectations, while revenue growth and profit margin forecasts are kept broadly consistent.Narrative Update • Apr 21
C07: Leadership Changes And Steady Dividend Policy Will Shape Future Earnings Multiple
Analysts have slightly reduced their price target for Jardine Cycle & Carriage to SGD33.35 from SGD33.70, reflecting updated assumptions around the discount rate and fair value, while keeping revenue growth, profit margin and future P/E largely in line with prior estimates. What's in the News Mr. Freddy Lee is set to become Chief Executive Officer of Jardine Cycle & Carriage on 1 May 2026, after serving as Group Finance Director and Executive Director since May 2025, and will continue on the Board in his new role (Key Developments).Narrative Update • Apr 06
C07: Leadership Transition And Modest Dividend Increase Will Guide Future Earnings Multiple
Analysts have made a small upward adjustment to Jardine Cycle & Carriage's fair value estimate, lifting the implied price target from about SGD33.46 to around SGD33.70, citing updated assumptions on the discount rate, revenue growth, profit margin and forward P/E. What's in the News Jardine Cycle & Carriage plans leadership changes at the top, with Mr. Freddy Lee set to become Chief Executive Officer designate on 1 April 2026 and assume the CEO role on 1 May 2026 while continuing as an Executive Director on the board (Key Developments).Narrative Update • Mar 23
C07: Leadership Change And Steady Dividend Policy Will Shape Future Earnings Multiple
Analysts have slightly raised their SGD price target for Jardine Cycle & Carriage to about SGD33.46 from around SGD33.33. This reflects small refinements to discount rate, revenue growth, profit margin and future P/E assumptions in their models.Narrative Update • Mar 08
C07: Leadership Transition And Modest Dividend Uplift Will Shape Future Earnings Multiple
Analysts have raised their price target on Jardine Cycle & Carriage to SGD33.33 from SGD29.11, citing updated assumptions around revenue growth, discount rate, profit margins and future P/E. They view these assumptions as better reflecting the company’s current risk and return profile.Narrative Update • Feb 22
C07: Leadership Handover Will Likely Cap Future Earnings Multiple
Analysts have kept their SGD fair value estimate for Jardine Cycle & Carriage broadly unchanged at about SGD29.11, with only slight model tweaks such as a marginally lower discount rate and a small adjustment to future P/E assumptions helping to explain the stable price target. What's in the News Jardine Cycle & Carriage announced that Group Managing Director Mr. Benjamin Birks will step down from his role at the end of the Annual General Meeting on April 30, 2026, after more than six years in the position (company announcement).Narrative Update • Feb 07
C07: Leadership Transition And Flat Margins Will Likely Restrain Future Earnings Multiple
Analysts have kept their fair value estimate for Jardine Cycle & Carriage unchanged. A slightly higher discount rate and a small increase in the assumed future P/E multiple are leading them to fine tune their price target rather than shift it meaningfully.Narrative Update • Jan 22
C07: Leadership Shift And Flat Margins Will Likely Cap Earnings Multiple
Analysts have nudged their price target for Jardine Cycle & Carriage slightly lower to $29.11 from $29.14, reflecting small updates to discount rate assumptions and projected valuation multiples, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Group Finance Director Hsu Hai Yeh is ceasing his role at Jardine Cycle & Carriage to take up the position of Chief Financial Officer at principal subsidiary PT Astra International Tbk in Indonesia, subject to Astra shareholder approval in November (company announcement).Narrative Update • Jan 08
C07: Management Changes And Modest Assumptions Will Likely Fail To Support Earnings Multiple
Analysts have trimmed their price target for Jardine Cycle & Carriage to $29.14 from $29.19, citing modest tweaks to the discount rate and future P/E assumptions while keeping revenue growth and profit margin expectations effectively unchanged. What's in the News Group Finance Director Hsu Hai Yeh is ceasing his role at Jardine Cycle & Carriage to take up the Chief Financial Officer position at principal subsidiary PT Astra International Tbk in Indonesia, subject to Astra shareholder approval in November (company announcement).Narrative Update • Dec 18
C07: Future Margins Will Likely Fail To Justify Elevated Earnings Multiple
Analysts have nudged their price target for Jardine Cycle & Carriage slightly higher, from approximately $28.33 to $29.19, citing marginally improved profit margin expectations that more than offset softer revenue growth assumptions. What's in the News Group Finance Director Hsu Hai Yeh will cease his role at Jardine Cycle & Carriage to become Chief Financial Officer of principal subsidiary PT Astra International Tbk in Indonesia, subject to Astra shareholder approval in November (company filing).Analysis Article • Dec 05
Jardine Cycle & Carriage (SGX:C07) Seems To Use Debt Quite Sensibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Dec 03
C07: Future Profit Margins Will Likely Fail To Offset Anticipated Revenue Contraction
Analysts have lifted their price target on Jardine Cycle & Carriage from approximately $25.77 to $28.33, citing a slightly lower discount rate, improved margin expectations, and a higher anticipated future P/E multiple, despite trimming top line growth assumptions. What's in the News Group Finance Director Hsu Hai Yeh will cease his role at Jardine Cycle & Carriage to become Chief Financial Officer of principal subsidiary PT Astra International Tbk in Indonesia, subject to Astra shareholder approval in November (company announcement) Jardine Cycle & Carriage has appointed Lee Liang Whye (Freddy Lee) as Group Finance Director, effective November 01, 2025, with overall responsibility for the group’s financial matters (company announcement) Incoming Group Finance Director Freddy Lee brings prior experience as Interim Group Finance Director at Jardine Cycle & Carriage and Group Chief of Audit and Risk Advisory at PT Astra International Tbk, alongside earlier senior finance and management roles in the region (company announcement) Valuation Changes Fair Value: Raised slightly from SGD 25.77 to SGD 28.33 per share, reflecting a modest uplift in the intrinsic valuation.Narrative Update • Nov 19
C07: Future Profit Margins May Struggle To Offset Weaker Revenue Assumptions
Analysts have raised their price target for Jardine Cycle & Carriage from $24.53 to $25.77. They cite a lower assumed discount rate and an improved profit margin outlook, even as revenue growth forecasts are expected to moderate.Analysis Article • Nov 14
Slowing Rates Of Return At Jardine Cycle & Carriage (SGX:C07) Leave Little Room For Excitement
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Narrative Update • Sep 12
Southeast Asia Urban Trends And EV Moves Will Drive Mixed Outcomes
The upward revision in Jardine Cycle & Carriage's consensus price target reflects improved revenue growth expectations and a higher projected P/E multiple, raising fair value from SGD22.93 to SGD24.53. Valuation Changes Summary of Valuation Changes for Jardine Cycle & Carriage The Consensus Analyst Price Target has risen from SGD22.93 to SGD24.53.Analysis Article • Aug 12
Fewer Investors Than Expected Jumping On Jardine Cycle & Carriage Limited (SGX:C07)
SGX:C07 1 Year Share Price vs Fair Value Explore Jardine Cycle & Carriage's Fair Values from the Community and select...Analysis Article • Jul 21
Jardine Cycle & Carriage (SGX:C07) Has Some Way To Go To Become A Multi-Bagger
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jun 30
Are Investors Undervaluing Jardine Cycle & Carriage Limited (SGX:C07) By 46%?
Key Insights Jardine Cycle & Carriage's estimated fair value is S$44.97 based on 2 Stage Free Cash Flow to Equity...
New Narrative • Mar 09
Strengthened Balance Sheet Will Enable Investments In Renewable Energy And Infrastructure
Strategic divestment and increased renewable energy investments are expected to strengthen JC&C's balance sheet and boost future earnings growth.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: C07's dividend payments have been volatile in the past 10 years.
Growing Dividend: C07's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Jardine Cycle & Carriage Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (C07) | 5.0% |
| Market Bottom 25% (SG) | 1.9% |
| Market Top 25% (SG) | 5.4% |
| Industry Average (Industrials) | 2.3% |
| Analyst forecast (C07) (up to 3 years) | 4.8% |
Notable Dividend: C07's dividend (4.98%) is higher than the bottom 25% of dividend payers in the SG market (1.95%).
High Dividend: C07's dividend (4.98%) is low compared to the top 25% of dividend payers in the SG market (5.39%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.8%), C07's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (21.5%), C07's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 16:45 |
| End of Day Share Price | 2026/06/15 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Jardine Cycle & Carriage Limited is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yu Jie Lo | BofA Global Research |
| Tak-Hei Chau | Citigroup Inc |
| Shui Lung Choi | Citigroup Inc |