LSE:JAR

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Jardine Matheson Holdings

Executive Summary

Jardine Matheson Holdings Limited, through its subsidiaries, engages in the motor vehicles and related operations, property investment and development, food retailing, home furnishings, engineering and construction, and transportation businesses.


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

How has Jardine Matheson Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JAR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

JAR

4.4%

GB Industrials

2.0%

GB Market


1 Year Return

0.2%

JAR

-2.9%

GB Industrials

-12.8%

GB Market

Return vs Industry: JAR exceeded the UK Industrials industry which returned -2.9% over the past year.

Return vs Market: JAR exceeded the UK Market which returned -12.5% over the past year.


Shareholder returns

JARIndustryMarket
7 Day0%4.4%2.0%
30 Day0%15.6%5.7%
90 Day0%4.6%-8.2%
1 Year3.1%0.2%0.2%-2.9%-8.6%-12.8%
3 Year8.7%0.2%-10.4%-18.7%-6.2%-17.6%
5 Year14.0%0.2%32.8%12.8%12.7%-12.5%

Price Volatility Vs. Market

How volatile is Jardine Matheson Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jardine Matheson Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JAR ($62.5) is trading below our estimate of fair value ($217.94)

Significantly Below Fair Value: JAR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JAR is good value based on its PE Ratio (5.3x) compared to the Industrials industry average (12.7x).

PE vs Market: JAR is good value based on its PE Ratio (5.3x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: JAR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: JAR is good value based on its PB Ratio (0.5x) compared to the XE Industrials industry average (0.8x).


Next Steps

Future Growth

How is Jardine Matheson Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-15.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JAR's earnings are forecast to decline over the next 3 years (-15.5% per year).

Earnings vs Market: JAR's earnings are forecast to decline over the next 3 years (-15.5% per year).

High Growth Earnings: JAR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JAR's revenue (1.4% per year) is forecast to grow slower than the UK market (3.6% per year).

High Growth Revenue: JAR's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JAR's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has Jardine Matheson Holdings performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JAR has high quality earnings.

Growing Profit Margin: JAR's current net profit margins (6.9%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: JAR's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: JAR's earnings growth over the past year (64.8%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: JAR earnings growth over the past year (64.8%) exceeded the Industrials industry 2%.


Return on Equity

High ROE: JAR's Return on Equity (6.9%) is considered low.


Next Steps

Financial Health

How is Jardine Matheson Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: JAR's short term assets ($21.9B) exceed its short term liabilities ($18.1B).

Long Term Liabilities: JAR's short term assets ($21.9B) exceed its long term liabilities ($13.9B).


Debt to Equity History and Analysis

Debt Level: JAR's debt to equity ratio (23.5%) is considered satisfactory.

Reducing Debt: JAR's debt to equity ratio has reduced from 25.5% to 23.5% over the past 5 years.

Debt Coverage: JAR's debt is well covered by operating cash flow (31.9%).

Interest Coverage: JAR's interest payments on its debt are well covered by EBIT (14.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Jardine Matheson Holdings's current dividend yield, its reliability and sustainability?

4.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JAR's dividend (4.28%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: JAR's dividend (4.28%) is low compared to the top 25% of dividend payers in the UK market (5.68%).


Stability and Growth of Payments

Stable Dividend: JAR's dividend payments have been volatile in the past 10 years.

Growing Dividend: JAR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.7%), JAR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JAR's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Ben Keswick (47yo)

1.33yrs

Tenure

Mr. Benjamin William Keswick, also known as Ben, has been Executive Chairman of Jardine Matheson Holdings Ltd. since January 1, 2019. Mr. Keswick has been the Managing Director of Dairy Farm International  ...


Leadership Team

NamePositionTenureCompensationOwnership
Benjamin William Keswick
Executive Chairman & MD1.33yrsno data2.65% $399.4m
John Witt
Group Finance Director & Director4.08yrsno data0.040% $6.0m
Jeremy Parr
Group General Counsel & Executive Director4.25yrsno datano data
Yiu Kai Pang
Deputy MD & Executive Director9.08yrsno data0.10% $15.6m
Adam Phillip Charles Keswick
Executive Director13.08yrsno data0.84% $126.8m
Mark Spencer Greenberg
Group Strategy Director & Executive Director12.08yrsno data0.023% $3.5m
David Newbigging
Executive Director2.58yrsno data0.0091% $1.4m
Li-Ching Hsu
Executive Director4yrsno data0.030% $4.4m
Jocelyn Lam
Group Head of Taxation1.33yrsno datano data
Thomas Tan
Head of Group Audit & Risk Management0.17yrno datano data

3.2yrs

Average Tenure

50yo

Average Age

Experienced Management: JAR's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Benjamin William Keswick
Executive Chairman & MD1.33yrsno data2.65% $399.4m
John Witt
Group Finance Director & Director4.08yrsno data0.040% $6.0m
Jeremy Parr
Group General Counsel & Executive Director4.25yrsno datano data
Yiu Kai Pang
Deputy MD & Executive Director9.08yrsno data0.10% $15.6m
Adam Phillip Charles Keswick
Executive Director13.08yrsno data0.84% $126.8m
Mark Spencer Greenberg
Group Strategy Director & Executive Director12.08yrsno data0.023% $3.5m
David Newbigging
Executive Director2.58yrsno data0.0091% $1.4m
Li-Ching Hsu
Executive Director4yrsno data0.030% $4.4m
Henry Neville Lindley Keswick
Chairman Emeritus1.42yrsno data3.12% $469.4m
Edward Percy Keswick Weatherall
Non Executive Director21.33yrsno data0.89% $133.5m

4.2yrs

Average Tenure

56yo

Average Age

Experienced Board: JAR's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JAR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jardine Matheson Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jardine Matheson Holdings Limited
  • Ticker: JAR
  • Exchange: LSE
  • Founded: 1832
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: US$15.060b
  • Shares outstanding: 375.09m
  • Website: https://www.jardines.com

Number of Employees


Location

  • Jardine Matheson Holdings Limited
  • Jardine House
  • 4th Floor
  • Hamilton
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JARL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1980
JARJLSE (London Stock Exchange)YesOrdinary SharesGBUSDDec 1980
JARBLSE (London Stock Exchange)YesOrdinary SharesGBUSDDec 1980
J36SGX (Singapore Exchange)YesOrdinary SharesSGUSDDec 1980
H4WDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 1980
JARLSE (London Stock Exchange)YesOrdinary SharesGBUSDDec 1980
JMHL.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDSep 1995

Biography

Jardine Matheson Holdings Limited, through its subsidiaries, engages in the motor vehicles and related operations, property investment and development, food retailing, home furnishings, engineering and construction, and transportation businesses. It is also involved in the insurance brokerage, financial services, heavy equipment, mining, and agribusinesses. The company offers ground handling, and aviation and travel agency services; and engineering, sourcing, and contracting services, as well as owns and operates air cargo terminals, and invests in residential properties. It is also involved in the Pizza Hut and KFC restaurants operations; designing, engineering, installation, maintenance, and modernization of lifts, escalators, and moving walkways; corporate travel management; and provision of ticketing services to other travel agents, and technology and consultancy solutions. In addition, the company sells and services motor vehicles; invests in, owns, develops, and manages office and retail properties; operates outlets, including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores, and restaurants; invests in and manages a portfolio of deluxe and first class hotels, resorts, and residences; and provides automobile and motorcycle products. Further, it engages in the motor dealerships, financing, dairy, and cement businesses. Additionally, the company is involved in automotive, financial, construction, energy, infrastructure, logistics, and information technology businesses. It operates in Greater China, Southeast Asia, the United Kingdom, and internationally. The company was founded in 1832 and is based in Hamilton, Bermuda. Jardine Matheson Holdings Limited is a subsidiary of Jardine Strategic Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 00:11
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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 here.