New Risk • May 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Chairman Emeritus Jit Poh Lim was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공시 • Mar 29
ComfortDelGro Corporation Limited to Report First Half, 2026 Results on Aug 14, 2026 ComfortDelGro Corporation Limited announced that they will report first half, 2026 results on Aug 14, 2026 공시 • Feb 27
ComfortDelGro Corporation Limited, Annual General Meeting, Apr 24, 2026 ComfortDelGro Corporation Limited, Annual General Meeting, Apr 24, 2026. 공시 • Jan 15
ComfortDelGro Corporation Limited to Report Fiscal Year 2025 Results on Feb 27, 2026 ComfortDelGro Corporation Limited announced that they will report fiscal year 2025 results After-Market on Feb 27, 2026 공시 • Sep 02
ComfortDelGro Corporation Limited (SGX:C52) acquired remaining 46.50% stake in Citycab Pte Ltd. from ST Engineering Land Systems Ltd. for approximately SGD 120 million. ComfortDelGro Corporation Limited (SGX:C52) acquired remaining 46.50% stake in Citycab Pte Ltd. from ST Engineering Land Systems Ltd. for approximately SGD 120 million on September 1, 2025. A cash consideration of SGD 116.3 million will be paid by ComfortDelGro Corporation Limited. As part of consideration, SGD 116.3 million is paid towards common equity of Citycab Pte Ltd. Deloitte & Touche Financial Advisory Services Pte. Ltd. acted as Fairness opinion provider to Citycab Pte Ltd.
ComfortDelGro Corporation Limited (SGX:C52) acquired remaining 46.50% stake in Citycab Pte Ltd. from ST Engineering Land Systems Ltd. on September 1, 2025 공시 • May 15
ComfortDelGro Corporation Limited Approves Tax-Exempt One-Tier Final Dividend for the Financial Year Ended 31 December 2024, Payable on 14 May 2025 ComfortDelGro Corporation Limited at its Annual General Meeting held on 25 April 2025, approved a tax-exempt one-tier final dividend of 4.25 Singapore cents (SGD 0.0425) per ordinary share in respect of the Financial Year ended 31 December 2024. be paid on 14 May 2025 to members whose names appear on the Register of Members as at 5.00 p.m. on 6 May 2025. 공시 • Feb 27
ComfortDelGro Corporation Limited, Annual General Meeting, Apr 25, 2025 ComfortDelGro Corporation Limited, Annual General Meeting, Apr 25, 2025. 공시 • Jan 08
ComfortDelGro Corporation Limited to Report Fiscal Year 2024 Results on Feb 27, 2025 ComfortDelGro Corporation Limited announced that they will report fiscal year 2024 results After-Market on Feb 27, 2025 Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.09, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Transportation industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.56 per share. Reported Earnings • Aug 18
First half 2024 earnings released: EPS: S$0.044 (vs S$0.036 in 1H 2023) First half 2024 results: EPS: S$0.044 (up from S$0.036 in 1H 2023). Revenue: S$2.12b (up 14% from 1H 2023). Net income: S$95.3m (up 21% from 1H 2023). Profit margin: 4.5% (up from 4.2% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 16
First half dividend of S$0.035 announced Shareholders will receive a dividend of S$0.035. Ex-date: 21st August 2024 Payment date: 29th August 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (157% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • Aug 15
ComfortDelGro Corporation Limited Declares Tax-Exempt One-Tier Dividend, Payable on 29 August 2024 ComfortDelGro Corporation Limited declared a tax-exempt one-tier dividend of 3.52 cents (2023: 2.90 cents) per ordinary share. The interim dividend will be paid on 29 August 2024. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on 22 August 2024 will be entitled to the interim dividend. 공시 • Jun 26
ComfortDelGro Corporation Limited Announces Retirement of Chia Jackson as CEO ComfortDelGro Corporation Limited announced that Mr. Chia Jackson, CEO of ComfortDelGro's Private Mobility Group (PMG), will be retiring from his role on 19 September 2024 to pursue personal interests. The PMG encompasses the Group's taxi, private hire, car rental and ride hailing businesses. Other DirectorShips Past includes COMFORTDELGRO SWAN PTY LTD 2. SWAN TAXI PTY LTD. Other DirectorShips Present includes CABCHARGE ASIA PTE LTD 2. CITYCAB PTE LTD 3. CDG ZIG HOLDINGS PTE. LTD. 4. CDG ZIG PTE. LTD. 5. COMFORT TRANSPORTATION PTE LTD 6. COMFORTDELGRO BUS PTE. LTD. 7. COMFORTDELGRO ENGINEERING PTE. LTD. 8. COMFORTDELGRO MEDCARE PTE. LTD. 9. COMFORTDELGRO RENT-A-CAR PTE. LTD. 10. MING CHUAN TRANSPORTATION PTE. LTD. 11. VICOM LTD 12. CITYLIMO LEASING (M) SDN BHD. 공시 • May 15
ComfortDelGro Corporation Limited Approves Tax-Exempt One-Tier Final Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 15 May 2024 ComfortDelGro Corporation Limited at its AGM held on April 26, 2024 approved tax-exempt one-tier final dividend of 3.76 Singapore cents (SGD 0.0376) per ordinary share in respect of the financial year ended 31 December 2023. A tax-exempt one-tier final dividend in respect of the Financial Year ended 31 December 2023, as proposed by the Board of Directors, be paid on 15 May 2024 to members whose names appear on the Register of Members as at 5.00p.m. on 7 May 2024. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.038 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 15 May 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.6%). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: S$0.083 (vs S$0.08 in FY 2022) Full year 2023 results: EPS: S$0.083 (up from S$0.08 in FY 2022). Revenue: S$3.88b (up 2.6% from FY 2022). Net income: S$180.5m (up 4.3% from FY 2022). Profit margin: 4.7% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 03
Final dividend of S$0.038 announced Shareholders will receive a dividend of S$0.038. Ex-date: 6th May 2024 Payment date: 15th May 2024 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (0.684% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: S$0.083 (vs S$0.08 in FY 2022) Full year 2023 results: EPS: S$0.083 (up from S$0.08 in FY 2022). Revenue: S$3.88b (up 2.6% from FY 2022). Net income: S$180.5m (up 4.3% from FY 2022). Profit margin: 4.7% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Feb 10
ComfortDelGro Corporation Limited to Report Fiscal Year 2023 Results on Feb 09, 2024 ComfortDelGro Corporation Limited announced that they will report fiscal year 2023 results After-Market on Feb 09, 2024 공시 • Dec 29
ComfortDelGro Corporation Limited Announces Changes to the Board Committees, with Effect from 1 January 2024 ComfortDelGro Corporation Limited announced the appointment of Cher Ya Li, Sheryl as Company Secretary, with effect from 1 January 2024. Professional Qualifications are Bachelor of Laws from the National University of Singapore and is admitted to the Singapore Bar. Working Experience is 1 Nov. 2021 till Present - Assistant General Counsel, ComfortDelGro Corporation Limited 2017 to 2021 - Legal Cousel, Singapore Press Holdings Limited 2012 to 2016 - Associate, Withers KhattarWong. Mr. Choi Shing Kwok, the Deputy Chairman and an Independent Non-Executive Director,will step down as a member of the Audit & Risk Committee ("ARC") and join the SIC as itsmember, whilst Ms Tham Ee Mern Lilian, an Independent Non-Executive Director, will stepdown as a member of the SIC and be appointed a member of the ARC. 공시 • Aug 30
ComfortDelGro Corporation Limited Announces Promotion of Tommy Tan Ah Han as Chief Executive Officer of ComfortDelGro Taxi, Effective September 1, 2023 ComfortDelGro Corporation Limited announced that it will promote the Chief Operating Officer (COO) of its Singapore Taxi Business, Mr. Tommy Tan Ah Han, to Chief Executive Officer (CEO) of ComfortDelGro Taxi with effect from 1 September 2023, as part of its planned succession programme. He will take over from Mr. Jackson Chia, 53, who will continue as the CEO of ComfortDelGro's Private Mobility Group (PMG), which is the umbrella division that oversees its local taxi, private bus and car leasing businesses. Mr. Tan, 51, has been with the Group since September 2019; cutting his teeth in the taxi business just two months after he joined. As the COO for some three-and-a-half years now, he oversees and manages the entire operations of the nearly 10,000-strong vehicle fleets, including growing its electric taxi and private-hire fleets. He also had a six-month stint at Swan Taxi - the Group's taxi business in Perth, Western Australia - where he turned around the business and grew the number of taxis within the network by more than 20%. During the pandemic, he played an integral role in deploying safe management measures such as distributing masks and disinfectants to cabbies, as well as trialling cabin shields to keep drivers safe. He was also involved in disbursing the COVID-19 Relief Fund and the Company's rental waivers and subsidies to help cabbies cope financially. Mr. Tan also served as a member of the Tripartite Work Group on Representation for Platform Workers where the Government accepted all its eight recommendations last month. Prior to joining the Group, he had spent 28 years with the Republic of Singapore Air Force (RSAF) as a veteran fighter pilot and was its Chief of Staff - Air Staff (COS-AS). 공시 • Aug 23
ComfortDelGro Corporation Limited Declares Interim Dividend, Payable on 31 August 2023 ComfortDelGro Corporation Limited announced declaration of Interim Dividend of SGD 0.029 per ordinary share for the financial year ending 31 December 2023. The Declared Interim Dividend of the Company will now be paid on Thursday, 31 August 2023, instead of Friday, 1 September 2023. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on Tuesday, 22 August 2023 will be entitled to the Declared Interim Dividend. Reported Earnings • Aug 15
First half 2023 earnings released: EPS: S$0.036 (vs S$0.053 in 1H 2022) First half 2023 results: EPS: S$0.036 (down from S$0.053 in 1H 2022). Revenue: S$1.86b (up 1.0% from 1H 2022). Net income: S$78.5m (down 32% from 1H 2022). Profit margin: 4.2% (down from 6.3% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Upcoming Dividend • May 01
Upcoming dividend of S$0.042 per share at 3.9% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: S$0.08 (vs S$0.06 in FY 2021) Full year 2022 results: EPS: S$0.08 (up from S$0.06 in FY 2021). Revenue: S$3.78b (up 6.9% from FY 2021). Net income: S$173.1m (up 33% from FY 2021). Profit margin: 4.6% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Board Change • Feb 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. MD, Group CEO, CEO of SBS Transit & Non-Independent Executive Director Siak Kian Cheng was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First half 2022 earnings released: EPS: S$0.055 (vs S$0.042 in 1H 2021) First half 2022 results: EPS: S$0.055 (up from S$0.042 in 1H 2021). Revenue: S$1.86b (up 6.7% from 1H 2021). Net income: S$118.7m (up 30% from 1H 2021). Profit margin: 6.4% (up from 5.2% in 1H 2021). Over the next year, revenue is forecast to grow 3.9%, compared to a 7.4% growth forecast for the Transportation industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 02
Upcoming dividend of S$0.021 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (4.7%). Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: S$0.06 (vs S$0.028 in FY 2020) Full year 2021 results: EPS: S$0.06 (up from S$0.028 in FY 2020). Revenue: S$3.54b (up 9.1% from FY 2020). Net income: S$130.1m (up 114% from FY 2020). Profit margin: 3.7% (up from 1.9% in FY 2020). Over the next year, revenue is forecast to grow 5.9%, compared to a 14% growth forecast for the industry in Germany. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$3.54b (up 9.6% from FY 2020). Net income: S$130.1m (up 111% from FY 2020). Profit margin: 3.7% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.1%, compared to a 18% growth forecast for the industry in Germany. 공시 • Jun 17
Addison Lee Limited agreed to acquire CityFleet Networks Limited from ComfortDelGro Corporation Limited (SGX:C52). Addison Lee Limited agreed to acquire CityFleet Networks Limited from ComfortDelGro Corporation Limited (SGX:C52) on June 16, 2021. Addison will also acquire subsidiary of CityFleet, Computer Cab plc and Flightlink International Limited. 공시 • May 13
Comfortdelgro Corporation Limited Approves Tax-Exempt One-Tier Final Dividend for the Year Ended December 31, 2020, Payable on May 20, 2021 ComfortDelGro Corporation Limited at its annual general meeting held on April 30, 2021 approved a tax-exempt one-tier final dividend of 1.43 cents per ordinary share in respect of the financial year ended December 31, 2020, as proposed by the Board of Directors be paid on May 20, 2021 to members whose names appear on the Register of Members on May 10, 2021. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.014 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 20 May 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (5.7%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS S$0.029 (vs S$0.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$3.23b (down 17% from FY 2019). Net income: S$61.8m (down 77% from FY 2019). Profit margin: 1.9% (down from 6.8% in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 19
Revenue misses expectations Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 12%, compared to a 177% growth forecast for the Transportation industry in Germany. Reported Earnings • Feb 18
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$3.23b (down 17% from FY 2019). Net income: S$61.8m (down 77% from FY 2019). Profit margin: 1.9% (down from 6.8% in FY 2019). 공시 • Jan 26
ComfortDelGro Corporation Limited to Report Fiscal Year 2020 Results on Feb 15, 2021 ComfortDelGro Corporation Limited announced that they will report fiscal year 2020 results After-Market on Feb 15, 2021 Is New 90 Day High Low • Nov 17
New 90-day high: €0.96 The company is up 15% from its price of €0.83 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Transportation industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.43 per share. 공시 • Aug 16
ComfortDelGro Corporation Limited Not to Declare an Interim Half Year Dividend ComfortDelGro Corporation Limited announced that for the first time, the board has decided not to declare an interim half-year dividend. An interim dividend of 4.5 Singapore cent was declared a year ago. 
